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Why is gas going up?
MaxOHMS
Member Posts: 14,715
http://www.youtube.com/watch?v=5NYIPWENfic&feature=feedu
Comments
I don't get it either. The News says, "Gas prices likely to jump due to unrest in Libya." The next day, US pump prices soar. Wait a minute! The oil hasn't even been processed, so how can the already processed oil cost more? In some time, yes...but instantly? RIPOFF!
heres the justification for that:
a gas station has to sell gas today for what it will be buying gas for tomorrow. the profit margin is so thin on a gallon of gas at the pump that there frequently isnt room to front the extra cost for tomorrows delivery from yesterdays sales.
of course, that only goes one way. when prices are expected to go down, the station charges yesterdays price for as long as they can.
quote:Originally posted by OLDCOP
I don't get it either. The News says, "Gas prices likely to jump due to unrest in Libya." The next day, US pump prices soar. Wait a minute! The oil hasn't even been processed, so how can the already processed oil cost more? In some time, yes...but instantly? RIPOFF!
heres the justification for that:
a gas station has to sell gas today for what it will be buying gas for tomorrow. the profit margin is so thin on a gallon of gas at the pump that there frequently isnt room to front the extra cost for tomorrows delivery from yesterdays sales.
of course, that only goes one way. when prices are expected to go down, the station charges yesterdays price for as long as they can.
Above in red is what they tell you while you drink the Kool-Aid
Here is an idea for the driving public, stop buying SUV's and other gas hogs.
Fuel doesn't need any reason to go up. It just does. [:X]
Very seldom do we ask why it goes down.
Because we don't care why anything goes down![:0]
That it does is enough for us.
Italy is the country most exposed to the shortfall - buying almost a quarter of its oil imports from Libya - followed by France and Spain. They will now have to bid for replacement supplies on the open market. Britain relies on Libya for less than 10 per cent of its oil imports, and produces around 1.4 million barrels per day (mb/d) from the North Sea, while consuming 1.6 million.
Click here for the story out of the UK
What I'm afraid of, the price of cheese will skyrocket due to the unrest in Wisconsin.
You have a good reason to worry! Petroleum from Libia generally goes to Europe I believe.
You know what will happen ... cheese from California and Europe will now skyrocket in price no doubt!
Three primary reasons for the prices going up:
1) Greed
2) An opportunity to shaft us.
3) Because they can ... and will get away with it.
Nothing new ... sameoh sameoh.
Awhile back: I seem to recall the same sort of jacked-up gasoline prices in President Bush's last year in office ... and there was a petroleum glut, with no shortaqe anywhere in the USA or the world.
Short while ago: Iran ... and I don't believe that we get petroleum from there?
In the present: Tunisia, Egypt, Bahrain, Libya ... the excuses vary ... but the actual reasons are unchanging! Sameoh, sameoh.
Oil goes up, that panics the gas refining companies, they bump their prices immediately, even though as discussed, any increase would only work its way through to the consumer months later as the oil bought today is sold down the road.
In short- rabid lemming stampede off a cliff panic coupled with a little old fashioned greed.
Because people buy oil on the commodities market and it is fueled by emotion, not reason, worry rather than proven reality.
Oil goes up, that panics the gas refining companies, they bump their prices immediately, even though as discussed, any increase would only work its way through to the consumer months later as the oil bought today is sold down the road.
In short- rabid lemming stampede off a cliff panic coupled with a little old fashioned greed.
If you think the oil companies ever panic, try and point to a time in history where they were not at the top of the money making hill. Since we started pumping it out of the ground that is.
The guy is telling you that we, by design, have shafted the OPEC countries.
We made a deal with them in the 1970's that we would buy their oil and not produce our own.
The next part of the deal was that they would then use some of the money they made to buy US T-bills.
So...now that Arab oil reserves have run their course we are shafting them because the dollar and their T-bills are soon to be WORTHLESS.
He also reveals that we have three HUGE oil deposits in the US that dwarf the Arab reserves.
One deposit in northern Montana, northern South Dakota, western North Dakota and Canada can fuel the US consumption until the year 2041.
Another one larger than that is at the base of the Rocky Mountains in Colorado.
Further, we have another in and around Gull Island in Alaska that could fuel the US for 200 years.
The bottleneck in oil supplies is COMPLETELY MAN MADE.
THERE IS NO SHORTAGE OF CRUDE OIL......WE HAVE MORE THAN WE CAN USE.
However.....since petroleum is so vital to modern human survival it is being used as an instrument of control.
I repeat...THERE IS NO OIL SHORTAGE AND THERE NEVER HAS BEEN.
All "scarcity" of petroleum is intentional and controlled to further enslave humanity to a very select few people.
When the September 11, 2001 terrorists attacks happened, several gas stations (owned by Middle Eastern people) in this area jacked prices up by over $2 a gallon. They were prosecuted and fined for price gouging. The oil companies and speculators are doing the same thing in order to keep the share holders happy, yet the oil companies and speculators are not prosecuted. No U. S. or European oil company has suffered a monetary loss in over 50 years. Obummy and the world socialist are bringing our nation to its knees. This is all in the plan.
It's all in the plan all right but Obama isn't the one calling the shots.
The world governments answer to Big Oil and Big Oil alone.
skicat, run down to your Texaco station and fill up. Or Pure or....
How could I forget the Great Texaco boycott?
Mergers and rebranding don't equate to panic.
(Remember, there is a THEM, and THEY are out to get us.)
I have told you folks that a friend of mine works for a company that works for several banks.
He is given a list of properties each week in a 3 or 4 county area to take pictures of (checking condition and whether occupied or not).
(He is very busy, there are as many as 40 properties in one subdivision in the Austin area.)
He is to visit each property monthly.
At first, there were several different names of mortgage companies on the different properties.
On the second visit with MOST of the properties, a DIFFERENT company name is on them.
ALL ARE THE SAME COMPANY.
We have also learned about the foreclosure scam.
Homes are being foreclosed on illegally by companies that have no standing.
I have the same question as Swampgut:
How many of you took the time to watch this?
Even the cost of transporting the crude oil to refineries goes up
then the cost of distributing gasoline goes up and those costs have to be figured in too.
when the price of the crude rises based on demand; real, perceived or speculated the cost at the pump reacts almost instantaniously.
1 cent rise in the cost of a gallon of gasoline costs Americans 1 billion a day and around here gas has gone up 40 cents in the last month. I wonder what that will do to the presidebts 1.46 trillion dollar deficit? anyone want to work that math out?
One good thing about all this unrest, OPEC is certainly going to cease to set prices and their monopoly will be broken.
If you are adrift in a life raft with other people, and all of you have food and water, and you have a pocketful of money that the other people will accept in payment for their food and water, whose food and water do you consume first ?
That's a perfect analogy.
The problem is that they have no qualms fleecing us too.
It's like something else I've learned.
If you know somebody that is always gossiping TO you about somebody else do you really think they don't gossip ABOUT you?
If you know someone who steals from others do you think they won't steal from you?
When the consumer will no longer pay the price, the price
will go down. I made a 120 mile trip down I-95 yesterday
from Palm Bay to West Palm Beach, cars were bumper to bumper
all the way, and every one of them was paying more for fuel
than they did before. Filled up in WPB @ 364.9 per gal. and
yes I gripe about it, but I still pay it.
We're not stopping there
this thread really shows how far people stretch to try to make their point.
at the retail level, the guy selling on the corner, it doesn't matter what the next load costs. you have to set price off the lowest price near you or your area. theres a balance between inside sales and gas profit(which pretty well stopped existing when wal-mart got in the business). if your branded, you can give the no-name a couple of cents, because most of you still think that chevron or exxon is actually chevron or exxon all the time and you'll pay 2 cents more.
depending on the market, the cheapest guy in town always sets the price for his area. yes, i have priced matched(gas war) a next door station down to .019 per gallon for 2 days when cost was $1.259 or so. fun times, glad i sold out. now its mostly muhotma sandles owning stores and keeping the sales tax to send home instead of to the state.
Gas goes up for one reason and one reason only Speculators. I'd really like to know their names and where they live.
Yes and no. The average "speculator" does not have a tanker off the coast. Hence, the "investment" the speculator purchases must be sold before the execution date on the contract. It's either that or take possession of the physical oil.
None of us would buy up and hoard anything like extra guns and thousands of primers, pounds of powder, and boxes of slugs and bullets just because of a scare if, oh, say, some politicians we didn't like got elected.
Nope, gun owners would never just react with complete panic, claim the end of the market(world?) was here, the prices would go through the roof, and we were going to get ours and sell them for a profit when the market blew up. Not us, we aren't like that.
We'd also never hoard gold and silver either, or years worth of food and TP.
Course, if we ever did, it would just be because we're smarter than those other folks. Right?
Now, remind me again just how any of that is one bit different other than that "they" are buying stuff you don't.
It's a market folks, and unless you want more of that government regulation you claim to hate, that's the way markets work.
Buy in or don't *.
Yeah, those "speculators" are really out of line, I'm sure glad gun owners and reloaders don't act like that.
None of us would buy up and hoard anything like extra guns and thousands of primers, pounds of powder, and boxes of slugs and bullets just because of a scare if, oh, say, some politicians we didn't like got elected.
Nope, gun owners would never just react with complete panic, claim the end of the market(world?) was here, the prices would go through the roof, and we were going to get ours and sell them for a profit when the market blew up. Not us, we aren't like that.
We'd also never hoard gold and silver either, or years worth of food and TP.
Course, if we ever did, it would just be because we're smarter than those other folks. Right?
Now, remind me again just how any of that is one bit different other than that "they" are buying stuff you don't.
It's a market folks, and unless you want more of that government regulation you claim to hate, that's the way markets work.
Buy in or don't *.
Government regulation is keeping us from developing our own oil fields at the BEHEST of the oil companies.
Government regulations CREATE monopolies where there would be none otherwise.
There's nothing remotely resembling a free market in this country or damn near any other country.
If you are adrift in a life raft with other people, and all of you have food and water, and you have a pocketful of money that the other people will accept in payment for their food and water, whose food and water do you consume first ?
Many can not understand the concept.
quote:Originally posted by dlrjj
Yeah, those "speculators" are really out of line, I'm sure glad gun owners and reloaders don't act like that.
None of us would buy up and hoard anything like extra guns and thousands of primers, pounds of powder, and boxes of slugs and bullets just because of a scare if, oh, say, some politicians we didn't like got elected.
Nope, gun owners would never just react with complete panic, claim the end of the market(world?) was here, the prices would go through the roof, and we were going to get ours and sell them for a profit when the market blew up. Not us, we aren't like that.
We'd also never hoard gold and silver either, or years worth of food and TP.
Course, if we ever did, it would just be because we're smarter than those other folks. Right?
Now, remind me again just how any of that is one bit different other than that "they" are buying stuff you don't.
It's a market folks, and unless you want more of that government regulation you claim to hate, that's the way markets work.
Buy in or don't *.
Government regulation is keeping us from developing our own oil fields at the BEHEST of the oil companies.
Government regulations CREATE monopolies where there would be none otherwise.
There's nothing remotely resembling a free market in this country or damn near any other country.
You can't be serious, can you?
I would suggest just a modest study of the history of Trusts in this country, long before ANY government regulation of them existed.
Knowledge can be your friend, but for some it's a stranger.
quote:Originally posted by Barzillia
If you are adrift in a life raft with other people, and all of you have food and water, and you have a pocketful of money that the other people will accept in payment for their food and water, whose food and water do you consume first ?
Many can not understand the concept.
You are correct.
One might stop to consider just what "our" oil will be worth when "their" oil is gone vs what we would have to pay for "their" oil when "our" oil is gone.
Simple concept.