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Old 08-09-2006, 10:48 AM   #31
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Over $4 is nuts. I hope that'* only a few stations trying to rip people off and is not going to be widespread. Regular came down from $3.14 to $2.98 yesterday and was still there this morning. So I'd figure premium was at $3.18

I sure don't miss paying for premium but my loss of MPG has probably countered it. The move closer to work has made a differece though. I have cut my one-way distance from 47miles to 25 miles.
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Old 08-09-2006, 10:49 AM   #32
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Its all greed on the oil companies part...especially Exxon/Mobile. We have both of them here in town and I stay right away from their gas. Its insane.
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Old 08-09-2006, 11:04 AM   #33
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I remember when 93 was $2 a gallon, and we thought we had it bad then
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Old 08-09-2006, 11:06 AM   #34
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Oil used to be more of a supply based market price. There was OPEC and non-OPEC companies so they kind of balanced each other out. One would limit production to raise the price and then other would produce more to take advantage of the high price, thus driving the price back down. From what I hear, now OPEC got together with the non-OPEC companies and they are all managing their production together and fixing the price. Price fixing is illegal in the US, but oil is a world market and world production so it is had to police that type of thing. There is no easy way to tell all the middle-east companies from different countries that they cant do it. They all realized that oil is limited, so why wait untill its alomst gone to be getting more $$ for it if you can start raking in the $$ now. So I guess you could say oil is based on a "future supply market". Hopefully the greed will get to some of them and they will try to up their production to take advantage of the high price and the alliance will break and go back as before.
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Old 08-09-2006, 11:15 AM   #35
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Quote:
Originally Posted by redwingsfan34
yea im pretty sure gas is so high because they shut down a whole pipeline up in Alaska...

i filled up yesterday after i heard... and just for good measuer i filled up again today
that was just one gas company (BP) unforuntly every other company jumps on the bandwagon and raises the prices
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Old 08-09-2006, 11:21 AM   #36
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Quote:
Originally Posted by mcsslover1987
Its all greed on the oil companies part...especially Exxon/Mobile. We have both of them here in town and I stay right away from their gas. Its insane.
Quote:
Originally Posted by sqela
Quote:
Originally Posted by redwingsfan34
yea im pretty sure gas is so high because they shut down a whole pipeline up in Alaska...

i filled up yesterday after i heard... and just for good measuer i filled up again today
that was just one gas company (BP) unforuntly every other company jumps on the bandwagon and raises the prices
Quote:
Originally Posted by MSN Money
Poor Exxon and Mobil. They often show up as the bad guys in a mass e-mail urging Americans to avoid their pumps on a particular day.

Its easy-to-understand language makes the plea plausible. The trouble lies in the fact it'* too simple -- and economics don't work that way. For starters, gasoline is what'* known as a fungible commodity -- if one company has an oversupply, it sells it to a competitor. No matter who you buy from, the basic supply numbers remain the same.

Furthermore, prices at all the nonboycotted outlets would rise, thanks to the temporarily limited supply and increased demand, making the original prices look cheap by comparison, according to Snopes.com.

Besides, the industry is too large for a boycott of two companies to make a dent, says Stephen Ciccone, University of New Hampshire assistant professor of finance.
Works kinda the same if one company reduces/loses their output/supply. They'll just buy it from someone else, or ship it through a different pipe. I saw a show on The Discovery Channel about oil supply. All the companies dump their oil into one pipe, count how many gallons/barrels went in, and get crdit for that at the other end....
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Old 08-09-2006, 11:42 AM   #37
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I suppose I am missing something obvious here. Why is it that the large oil companies don't have to eat their losses like every single other business out there. Their profits always hold steady or go up. Why isn't it that yogurt prices change hour by hour? Why not oil change prices? How about computer prices?

Maybe I am wrong, but I think it is just too easy for them to change their prices. They soak everyone else, but never have to cut their own losses, they just pass it on to us.

Take a taxi service for example. They have pretty consistant rates, and should make pretty predictable profits. Oil/gas prices go up: Taxi company loses out on some of its profits, oil companies gain profits. Not fair!
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Old 08-09-2006, 11:49 AM   #38
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The most frustrating aspect to me is that there'* nothing any of us can do about it. For all intents and purposes, it'* a required commodity. Unfortunately, we have to rely on our lack-luster government to step in and stop the monopoly. Since that hasn't happened, I've had to turn to other alternatives: a gas sipping Honda Civic.
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Old 08-09-2006, 12:04 PM   #39
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Quote:
Originally Posted by vital49
The most frustrating aspect to me is that there'* nothing any of us can do about it. For all intents and purposes, it'* a required commodity. Unfortunately, we have to rely on our lack-luster government to step in and stop the monopoly. Since that hasn't happened, I've had to turn to other alternatives: a gas sipping Honda Civic.
My personal feeling on this is that there are too many politicians with interests in the oil companies. Either their family owns one, or vice versa...
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Old 08-09-2006, 12:21 PM   #40
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I agree... and as long as oil companys back the politicans whos going to go up against them. its political death!
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