Super User roadwarrior Posted February 11, 2009 Super User Posted February 11, 2009 Getting screwed again, BIG TIME! Oil is currently $36.21 and has traded around $40 for weeks. However, during this same, relatively calm period, local gas has moved up from a low of $1.37 to $1.79 - $1.89. Who's looking out for the "folks"? >
Super User Jimzee Posted February 11, 2009 Super User Posted February 11, 2009 Still around $2.00 a gallon here. I don't even bother getting mad anymore, it doesn't do any good. They are going to charge whatever they feel like they can get by with and I will continue to pay it because I have no other choice. I better stop, I'm starting to get mad again. >
Siebert Outdoors Posted February 11, 2009 Posted February 11, 2009 I noticed that this morning when I was tootin around. Few weeks ago oil was 35-37 a bbl and gas at the pump was 1.50 range. Now its the same but gas is 30 cents more. Earlier this week Gas from KC to st louis was 1.87-89. Then I hit pevely which is somewhat south of St L. gas was 1.59. :-? Now everywhere is 1.89
BassResource.com Administrator Glenn Posted February 11, 2009 BassResource.com Administrator Posted February 11, 2009 There's several contributing factors to this, none of which has to do with the price of crude: - Demand for gasoline has risen slightly... the first increase in about a year. That has raised the futures market. - Inflation fears have hit the commodities market, making oil more appealing to investors. - Refineries have been cutting jobs, and thus production. That means there is less gas on the market, and consumers are seeing that at the pump. All this while crude inventories have increased by more than 30 million barrels in the past five weeks. U.S. storage facilities are now bulging with unused crude. So for anyone that believes more drilling = lower gas prices, this is your wake up call.
Super User Root beer Posted February 11, 2009 Super User Posted February 11, 2009 - Refineries have been cutting jobs, and thus production. That means there is less gas on the market, and consumers are seeing that at the pump. Indeed. I got 50000 news all mentioning the cuts in productions until price recovers. Also the stimulus plan isn't helping the price of oil. :-X But the stimulus plan is sending the stocks up for other industries as well.
1inStripes Posted February 11, 2009 Posted February 11, 2009 Its not only gas, but motor oil is even worse right now. Still during $4 a gal gas, I could get 5 quarts of Castrol for 9-11 bucks. Got 5 quarts the other day for $14.50.
Siebert Outdoors Posted February 11, 2009 Posted February 11, 2009 So for anyone that believes more drilling = lower gas prices, this is your wake up call. I still believe it is the perfect time to get extremely involved in alternative fuels. We really dont need to shoot ourselves in the foot again. Then again.
Super User Root beer Posted February 11, 2009 Super User Posted February 11, 2009 I believe we should have offshore drilling that OPEC cannot touch. Of course I do suspect American companies will cut production here and there.
frogtog Posted February 11, 2009 Posted February 11, 2009 I just seen where the offshore drilling off NC coast got shut down. No ain't going to happen, no sir not off our coast. Our newly elected Governor ho is out of the state on Vacation after being governor just 3 weeks didn't even have anything to say about it either. :
BassResource.com Administrator Glenn Posted February 11, 2009 BassResource.com Administrator Posted February 11, 2009 Again, more drilling doesn't mean lower gas prices. Our oil stockpiles are full right now, oil prices are holding relatively steady, and gas prices are going up. More drilling does squat. We need alternative fuels.
Eddie Munster Posted February 11, 2009 Posted February 11, 2009 Good info Kent/Glenn. Thanks I've stopped following the price per barrel as I've seen gas here in Atlanta (south of it) hover around $1.70. I guess I'm part of the problem as I'm still glad to be at the current level. However, I still want someone's head on a platter for artificially inflating the price all those months. >
Big Tom Posted February 12, 2009 Posted February 12, 2009 I have felt like I have been played for quite a while now anyway. There sure has been a few people get ridiculously rich off of the gas 'crisis'. :
rfunfarm Posted February 12, 2009 Posted February 12, 2009 Alternative fuels ??? LIKE WHAT ???Burn up our corn so we can IMPORT that too?? The answer that we "need " alternative fuels is great. NAME ONE.--Oil is the basis of industry & will continue to be for as long as the foreseeable future. Supply & demand ALWAYS works when Government gets out of way. How much would you be paying per gal if your STATE & FED stopped taxing you to death??? When there is 1 fisherman & 100 fish--things are good. --- 100 fisherman & 1 fish, don't bother fishin. That's supply & demand. :D
Super User Muddy Posted February 12, 2009 Super User Posted February 12, 2009 Again, more drilling doesn't mean lower gas prices. Our oil stockpiles are full right now, oil prices are holding relatively steady, and gas prices are going up. More drilling does squat. We need alternative fuels. Absolutely! You think maybe they want another quarter like the last at Exxon, maybe this is what is driving the price?
aceman387 Posted February 12, 2009 Posted February 12, 2009 im sure down the road the oil companies will spew something like the increase is because of the more expensive spring blend formulation blah, blah.blah.
Super User Muddy Posted February 12, 2009 Super User Posted February 12, 2009 Alternative fuels ??? LIKE WHAT ???Burn up our corn so we can IMPORT that too?? The answer that we "need " alternative fuels is great. NAME ONE.--Oil is the basis of industry & will continue to be for as long as the foreseeable future. Supply & demand ALWAYS works when Government gets out of way. How much would you be paying per gal if your STATE & FED stopped taxing you to death??? When there is 1 fisherman & 100 fish--things are good. --- 100 fisherman & 1 fish, don't bother fishin. That's supply & demand. :D Where have you been Investment groups have on recent times bought oil to STORE IN RENTED TANKERS , waiting for the price to go up. We have had a glut , the price based on supply and demand should have been falling. The pressure on supply from China was a ruse. The speculators were driving the market. The oil industry has storage problems right now and the spring shortages of required formulations have been created for at least the last 4 years by layoffs and under refining. A viable alternate fuel will not be found until a strong focus is placed on it. When we were Kids we all saw JFK speak strongly about putting a man on the moon, it was accomplished by focusing a lot of resources to that cause. We need the same focus now! It seems easier to do this without waiting for our backs to be against the wall.
rfunfarm Posted February 12, 2009 Posted February 12, 2009 Still no alternative. Talk won't run your boat motor---Demand is up--price is up---If you don't buy the oil the Tycoons can't drink it. They will lower the price because they want money. That's why they are in business. AGAIN name the alternative. Until you can, OIL is the engine of industry.
Super User Muddy Posted February 12, 2009 Super User Posted February 12, 2009 Short Sightedness is the enemy of progress. It has to start somewhere. Otherwise we would all still think the earth was flat, the sun was orbiting us and the atom could not be split and it's energy harnessed. If we stay pat we are all gonna get stuck holding 2 pair when a full house is within our reach. \ There will have to be alternatives named, investigated and researched.Many will fail, as did hydrogen some will work as did solar panels . The first steps have to be taken before the journey is completed.
rfunfarm Posted February 12, 2009 Posted February 12, 2009 \ There will have to be alternatives named, investigated and researched.
Big Tom Posted February 12, 2009 Posted February 12, 2009 If nothing else, we are on a finite system as is. It may not run out in our lifetime but it is coming and its better to be preventative and still have the option then to deplete completely and HAVE to find another way. Its within our ability to come up with alternative methods too. The few guys on top with our policy makers in their pockets are the ones keeping progress for happening. Its obvious most people want something different.
Super User Muddy Posted February 12, 2009 Super User Posted February 12, 2009 \ There will have to be alternatives named, investigated and researched. Agreed-BUT until that time, Oil is the only game in town. Would you only fish a small part of a lake if you knew that most of the rest of the lake had lotsa fish???We need to drill for all we can get UNTIL that alternative is named.
rfunfarm Posted February 12, 2009 Posted February 12, 2009 \ There will have to be alternatives named, investigated and researched. Agreed-BUT until that time, Oil is the only game in town. Would you only fish a small part of a lake if you knew that most of the rest of the lake had lotsa fish???We need to drill for all we can get UNTIL that alternative is named. They can't store what they have now.
Super User Muddy Posted February 12, 2009 Super User Posted February 12, 2009 When the price started to skyrocket, the glut was already there. The Wall Street Journal, the Senate and many other validated sources have substantiated this. Your point about it could all be used up in 3 months without replenishment is the exact reason why we should find the alternative fuel oil Drilling will accomplish very little in the scope of history, because sooner or later it will run out, as it is a finite resource.
rfunfarm Posted February 12, 2009 Posted February 12, 2009 When the price started to skyrocket, the glut was already there. The Wall Street Journal, the Senate and many other validated sources have substantiated this. Your point about it could all be used up in 3 months without replenishment is the exact reason why we should find the alternative fuel oil Drilling will accomplish very little in the scope of history, because sooner or later it will run out, as it is a finite resource. BUT UNTIL THEN--we "should" find" we "need" ect. does not power 1 engine. When the alternative is found, stop using oil. Until then wishin won't cut it.Put it this way. ALL species will die out someday. Are you gonna stop bass fishin because they are a finite resource. Or will you catch what you can until you find something else to catch???
fathom Posted February 12, 2009 Posted February 12, 2009 as long as fuel of any type is a global commodity, it will not matter if it is alternative or not. blaming "big oil" is silly...if oil went the way of the dinosaur and we relied on biofuel for our needs, we would be griping about "big corn". if we relied on windmills, we would be griping about "big wind". if we relied on methane...well, you get the picture. basic needs, simply put, will always be basic commodities worldwide...the price of which (global free-market or global socialist) will always be beyond the average joe's control. in the words of johnny carson..."you buy the premise, you buy the joke."
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