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Gas skyrocketed in a night....

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FWIW & IMHO:
The only thing that we can do is to cut back as far as possible on gas usage.
The President can't do a damn thing.
There has not been a refinery built in the US in 37 years is a major contributor to the equation.
Let's see, if you owned Arco, would you build another refinery?
Why?
Oil companies blame the EPA & so forth, but in reality, they really don't want any more refineries.
If the teamsters go on strike, whether it does good or not, they are only going to strike regarding the price of Deisel.

I paid $ 2.78 for crappy 91 octane premium this am at the least expensive Arco station that I am aware of on the way to work in So Cal.
 
jpratt said:
This was a good thread till you guys turned it into political BS

You're right. It's not a political issue (though some would love to blame the President, see above). It is a simple matter of supply and demand. Demand (worldwide) has increased substantially, while supply is at the same level it has always been. Throw some instability in the Middle East to drive up the price of the raw material (crude oil) and you have high gas prices. It's not that difficult to explain. Want gas prices to come down? Reduce your (our) consumption. No one seems willing to do anything but BITCHABOUTIT!

Oh, and before y'all start in on the big oil companies making record profits, it's called CAPITALISM, look it up!

Oh yeah, and there is FINALLY going to be a new U.S. refinery built in Arizona, but it'll be years before it has any impact on supply.New Refinery
 
Our's (Chevron Pascagoula) was down too for Hurricane Dennis. That's another 325,000 bbls of crude not being process and 5,000,000 gallons of gasoline per day not on the market for over a week. No damage this time but we were down for 3 months after Hurricane George in 1998.
 
jpratt said:
This was a good thread till you guys turned it into political BS

Agreed, its not political....simply supply and demand economics. Along with our inability to refine the oil coming in to our country.
 
The tin foil hat contingency likes to think george has control of everything. Quite a bit of consperacy theory people in here. The people that think george has control over the gas prices don't realize how little control the president really has on the govt and has next to no control on the gas prices.
 
I bought an 91 S-10 with 5 speed 4 cyl just for this reason.. My daily driver 3800 v-6 seems like a gas hog in comparison to the 4cyl.
 
Hey, little6pack, what kind of mileage you get with that 4 banger? Gettin rid of my full size in favor of one of those 4cyl/5sp. S-10s or sonomas......
 
smokin'6 said:
yeah, supply and demand, refinery problems/shortages/ opec/ the stock market... blah blah blah.... and big oil companies are reporting HUGE profits. http://www.google.com/search?q=oil+...ient=firefox-a&rls=org.mozilla:en-US:official Wonder where they are coming from? And we all know who big oils friend is. DUH!

Not just huge, RECORD! :) :) You don't want companies to make a profit? It's called capitalism, one of America's core concepts. That's a direct result of the "supply and demand" issue that you totally dismiss. Limited supply coupled with increased demand of any product means that those who are making it will reap the rewards. What's so difficult to understand?

And the comment about big oil's friend? That makes no sense whatsoever. I've got friends that are rich from a number of different ventures. Some similar to my business interests. Are they rich because of me? I don't think so.

Typical liberal, if the facts don't support your GWB witchhunt, just call it blah, blah, blah and finish every sentence with something along the lines of "George Bush lied", George Bush and big oil, George Bush....(insert Democratic Party talking point here).

Of course, I'm biased. I work for one of the biggest oil companies on the planet.
 
Must agree with Smokin'6!!!! Not bashing or getting into democratic-republican debates but policies effect "we the people" in every way. Wouldn't it be best to fight for the people? Do you ever hear of Bush speaking of fighting against the oil companies? Do the oil refineries need such a record breaking profit at a time where gas prices are effecting every company, indivdual, and family in the US? Can we really cut down on our oil-gas consumption at a time where people spend billions on efficient merchandise already? Whos getting rich?------The people who are already rich. -----Jeremy

This country is supposed to fight against monopolization..... is that happening?
 
jdpolzin said:
Must agree with Smokin'6!!!! Not bashing or getting into democratic-republican debates but policies effect "we the people" in every way. Wouldn't it be best to fight for the people? Do you ever hear of Bush speaking of fighting against the oil companies? Do the oil refineries need such a record breaking profit at a time where gas prices are effecting every company, indivdual, and family in the US? Can we really cut down on our oil-gas consumption at a time where people spend billions on efficient merchandise already? Whos getting rich?------The people who are already rich. -----Jeremy

This country is supposed to fight against monopolization..... is that happening?

Are you serious? Why would the President of the United States fight against one of the largest industries in the nation? You would have the United States Government step in and LIMIT A COMPANY'S PROFITS?? Man, wouldn't Bill Gates love that? Donald Trump, too! There is no monopoly on gasoline or refining, there are several large corporations and dozens of smaller ones around the country refining crude oil.

I don't like gasoline prices being so high either, but to put government mandated limits on how much profit you can make is totally against the principles this country was founded on.

You don't like the profit margins? Stop buying their product! Yeah, that's what I thought, lots of complaining but totally unwilling to do anything about it yourself. "Make the government do something about it!" Where have I heard that before? Hmmmm.....
 
It's a waste of time talking to the full blown leftists who don't support America or the US military and closet leftists who are brain washed. Besides, how could Bush not be blamed when you have a leftist controlled media, telling lies and constantly beating the bad news drum?

The fact that tree-huggers have us makeing 50 kinds of gasoline, that is, LEFTIST tree huggers, is not reported. It's easier to blame the President.

However, I can't see why Bush can't order one grade to be made across the board until this crisis catches up to itself. Sounds like common sense, but maybe it's not feasible because liberals won't be able to breathe.

As a matter of fact, if Bush proposed it, how much you wanna bet the DIMocrats would be jumping up and down against it?
 
roc87 said:
Hey, little6pack, what kind of mileage you get with that 4 banger? Gettin rid of my full size in favor of one of those 4cyl/5sp. S-10s or sonomas......

About 25-27 MPG range.
It is $20-25 buks to fill for the week & I can go the same 300 miles instead of paying $40 for my v-6.
Also the tank is way smaller in the s-10. like 11 gallons.
 
Red Regal T said:
However, I can't see why Bush can't order one grade to be made across the board until this crisis catches up to itself.

Not disagreeing with anything in your post and not talking to you directly, but using your quote as a way to comment that this is not a crisis. It is not going to go away. This is the new reality everybody... get used to it.

And it's nobody's fault. Unless he can somehow repeal the laws of economics George Bush can no more control the price of gas than he can control Teddy Kennedy's drinking.

And the oil companies are not making huge profits on refining, but on production. The oil they are pumping is suddenly worth more. They are certainly happy about that, but have no control over it. If they did, oil would have been $100/bbl years ago.

Here's a solution for anybody who doesn't like energy prices... don't use as much. I just love the people on TV filling up their big SUV's and complaining about the price of gas. Hey, you're part of the problem sweetheart :rolleyes:

Last year when people were bitching about $2.00 gas I said...

IMO, enjoy these prices while you can; they won't last long. There will be a time in the not-so-distant future when these will seem like the good old days.

Well, here we are...
 
The Blob said:
Not disagreeing with anything in your post and not talking to you directly, but using your quote as a way to comment that this is not a crisis. It is not going to go away. This is the new reality everybody... get used to it.

And it's nobody's fault. Unless he can somehow repeal the laws of economics George Bush can no more control the price of gas than he can control Teddy Kennedy's drinking.

And the oil companies are not making huge profits on refining, but on production. The oil they are pumping is suddenly worth more. They are certainly happy about that, but have no control over it. If they did, oil would have been $100/bbl years ago.

Here's a solution for anybody who doesn't like energy prices... don't use as much. I just love the people on TV filling up their big SUV's and complaining about the price of gas. Hey, you're part of the problem sweetheart :rolleyes:

Last year when people were bitching about $2.00 gas I said...



Well, here we are...


Well said, couldn't agree more!!!!
 
The Blob said:
And the oil companies are not making huge profits on refining, but on production. The oil they are pumping is suddenly worth more. They are certainly happy about that, but have no control over it. If they did, oil would have been $100/bbl years ago.

Excellent post. I only take issue with the portion above. Working in a huge refinery and seeing the numbers every quarter, I can assure you, that big money is being made in downstream production as well as upstream. The only time we make more money downstream is when crude oil prices are down and gasoline prices are high (referred to as the "margin"). Most U.S. refineries are largely dependant on Middle Eastern crude (though we get as much Mexican and Venezuelan as we can). Of course, then we're not making as much "upstream" so at some point (not sure where) it's a trade-off when your looking at the numbers company-wide vs. just refining.

Don't forget that it's not just gasoline that comes from refining, guys. We make Propane, Butane, Propylene, Paraxylene, Benzene, Asphalt, and of course, Jet fuel, Aviation Gasoline and on-road and off-road Diesel Fuel. There are a few more, but you get the picture. As the price of Crude goes up, so do the prices of these items! You don't buy most of them directly, but you pay for them in delivery costs increases, plastics, heating fuel increases etc.

So, for long term help, we need two things. Less gasoline/diesel useage and MORE DOMESTIC OIL PRODUCTION! Even if we quit using gasoline altogether, we still need crude for production of the thousands of petroleum based items we use every day.
 
I don't get it.......

So the price of crude goes up and instantly the price at the pump goes up, but since Friday, the price of a barrel has gone down almost $3, but the price at the pump is the exact same as it was Friday...why's this!?
 
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