Gas Thread:8-22-07 Gas stations owners file lawsuit alleging price fixing by Saudi owned Refiners in U.S.

[AnyMal]

Yep. $1.89 here today

 

[XZeroII]

Originally posted by: jrenz

Originally posted by: dmcowen674

Originally posted by: jlbenedict
Despite all the drops in oil prices, prices at the pump have NOT dropped here since the elections. Still holding strong @ $2.30-2.35 / gallon up here in the sticks of Maryland.

Same here, the two big cities in Oklahoma, Tulsa and Oklahoma city have seen a drop in price to the point they are lowest in the Country right now but they are still holding the price around the $2 mark in the rest of the state.

The selective price gouging is very regional now.

LOL... there goes Dave again.

Prices in his state are now the lowest in the country, and most stations are around $2?

So basically according to you, prices have fallen about 40-50 cents since November... but apparently the price gouging continues...

Who's paying you to say this stuff, cause they aren't paying you enough, Mr. Shill

:laugh: :laugh: :laugh: :laugh: :laugh: :laugh: :laugh: :laugh: :laugh: :laugh:

Edit: I also love the edit in the title... "Drive for five on hold for now" to "Drive for five on very temporary hold".

You really are clueless in life, aren't you?

Of course he can't tell you who is paying him! It only works if it's a secret. Although the act is getting pretty thin. I mean look at his current topic summary. It's laughable.

 

[dmcowen674]

1-18-2007 House rolls back oil company subsidies

WASHINGTON - The House rolled back billions of dollars in oil industry subsidies Thursday

"We do not need a tax on domestic energy production and development," said Rep. Dennis Hastert, R-Ill., the former House speaker. "Increasing taxes on our nation's energy industry means one thing ? more reliance on foreign oil and gasoline."

 

[jrenz]

Originally posted by: dmcowen674
1-18-2007 House rolls back oil company subsidies

WASHINGTON - The House rolled back billions of dollars in oil industry subsidies Thursday

"We do not need a tax on domestic energy production and development," said Rep. Dennis Hastert, R-Ill., the former House speaker. "Increasing taxes on our nation's energy industry means one thing ? more reliance on foreign oil and gasoline."

There you go Dave... pretend like the rest of the thread doesn't exist and try to change the topic.

Everyone knows how much of a joke you are :laugh:

 

[dmcowen674]

Originally posted by: jrenz
There you go Dave... pretend like the rest of the thread doesn't exist and try to change the topic.

Everyone knows how much of a joke you are :laugh:

What are you blabbling about?

This is exactly on topic especially since my friends in the local oil business here said they csn't wait for the reaction from everybody when they have to shell out so much for gas.

 

[jlbenedict]

There was a Republican on C-SPAN lastnight pulling the ole "price per barrel" twist by using items such as tea and ice cream. Ice cream costs $900'something per barrel, while oil is $52.80 (numbers used during the programming of this video).

I wonder how much he was being paid by Exxon?

 

[jrenz]

Originally posted by: dmcowen674

Originally posted by: jrenz
There you go Dave... pretend like the rest of the thread doesn't exist and try to change the topic.

Everyone knows how much of a joke you are :laugh:

What are you blabbling about?

This is exactly on topic especially since my friends in the local oil business here said they csn't wait for the reaction from everybody when they have to shell out so much for gas.

I'm blabbing about the fact that you never respond to any of the multiple posts calling you out after every one of your idiotic ramblings. You continue to lie to yourself and others with your made-up Drive for $5, which you can't seem to get away from. You wait for gas to climb 5 cents and then say it's skyrocketing, ignoring the fact that it dropped 10 cents the day before.

Maybe your "friend in the oil business" isn't paying you enough :laugh: I'm surprised that you'd associate with a Rich Republican Money-Grubbing Oil-Baron. Hypocritical shill :laugh:

 

[ebaycj]

Now THIS is friggin' hilarious:

Originally posted by: GWB (courtesy of Yahoo! news)
The White House said it strongly opposes the new production fees and future lease bans. Those steps could reduce domestic production, according to the administration. It views the repeal of the tax break for oil companies as unfairly singling out an industry.

Who's in bed with who, again?

 

[CPA]

<---intensly searching for the quote where oil barons promis $5 gas......

 

[jlbenedict]

House Seeks More Oil Royalties; Kills Tax Breaks

"WASHINGTON (Reuters) - The new Democratic-led House of Representatives passed legislation on Thursday aimed at "Big Oil" that would roll back some industry tax breaks and force energy companies to pay more drilling royalties, valued at $14 billion over 10 years.

Passage of the bill by a vote of 264-163 capped House Speaker Nancy Pelosi (news, bio, voting record)'s 100-hour agenda, which included measures to raise the minimum wage, lower student loan interest rates and bolster homeland security.

The $14 billion raised from the additional royalties and repealed tax breaks would fund research for renewable energy sources. The measure must be approved by the Senate and the president before it becomes law.

It is unclear if President George W. Bush would sign the measure. He supports repealing some of the tax breaks but opposes renegotiating royalty contracts.

Going after major integrated U.S. oil firms like Exxon Mobil Corp., Chevron Corp. and ConocoPhillips has been a top priority for the House Democratic leadership, which says the companies' record profits have come at the expense of U.S. motorists paying high gasoline prices.

"The oil and gas industry is extraordinarily well established and well off," said House Democratic leader Steny Hoyer. "It does not need the American taxpayer's help to be successful or to make a dollar."

'WIN FOR OPEC'
Republican opponents said the bill would raise U.S. energy costs, and Republican Rep. Roy Blunt (news, bio, voting record) of Missouri called it "a win for OPEC," referring to the group of oil-exporting nations that produces over a third of the world's oil.

About half the bill's savings comes from eliminating a lower tax rate on oil companies, which will bring in about $6.5 billion from 2007 to 2016, according to a congressional estimate. The lower tax rate had been given to all U.S. manufacturers in 2004, including oil companies.

The rest of the money would come from a "conservation fee" on oil and gas production that the bill would impose on energy companies that refused to renegotiate faulty leases signed in 1998 and 1999. That would raise about $7.6 billion.

Republicans and U.S. oil and gas industry groups said such measures would hurt U.S. consumers by making it more expensive to find and produce domestic supplies.

"In reality, the only people it punishes is the American people," said Rep. Dennis Hastert, Illinois Republican and former House speaker.

Rep. Mike Rogers, Michigan Republican, said the bill would require U.S. consumers to import more oil from U.S. nations like Iran and Venezuela, which are both OPEC members and foes of U.S. policy.

"If you care about our children, stop sending the money to (Iranian President Mahmoud) Ahmadinejad and (Venezuelan President Hugo) Chavez," Rogers said.

Bush has said big oil companies do not need government help amid historically high oil prices, but opposed forcing energy companies to renegotiate faulty drilling contracts, which as written would allow energy companies to avoid paying about $10 billion in royalties.

 

[nullzero]

Good time to load up on oil stocks when there is blood in the streets. I doubt oil will fall much more Im sure we are near the bottom. Buy some USO for a oil price play and VLO for gasoline and oil play both are showing some bottoming action.

 

[jrenz]

Originally posted by: nullzero
Good time to load up on oil stocks when there is blood in the streets. I doubt oil will fall much more Im sure we are near the bottom. Buy some USO for a oil price play and VLO for gasoline and oil play both are showing some bottoming action.

You sound like one of the retarded 17 year olds who posts on Yahoo finance boards. The same who were saying exactly the same thing a month ago about how oil wouldn't get lower than $60.

 

[dmcowen674]

AP writer gives latest excuses for high gas prices.

I bet all three Oil Compnaies have her on their payroll.

1-19-2007 The headlines say oil prices have fallen 15 percent this year. Gas station receipts tell a different story ? the cost of filling 'er up has slipped from about $35 to $33. Big deal.

Kevin Lindemer, head of Global Insight's energy group, said that historically, gasoline prices tend to drop 2-2.5 cents for every $1 that crude oil drops in the energy markets. With crude oil prices down $10 now from its December levels, U.S. drivers are likely to see pump prices fall about 10 cents further.

That's an average of all U.S. gasoline prices; many regions are already seeing pump prices well under $2 a gallon, while others are still around $3.

Only three states, as of Friday, saw an average price under $2: Michigan, Missouri and Oklahoma. What makes these states special is lower taxes, Sundstrom said, as well as proximity to pipelines and barge routes, which make distribution costs lower. The states that generally see the highest gas prices are California, Hawaii, Oregon and Washington.

 

[ntdz]

http://money.cnn.com/2007/01/21/news/economy/gasprices/

Gas prices have fallen 14 cents over the last 2 weeks.

 

[dmcowen674]

Originally posted by: ntdz
http://money.cnn.com/2007/01/21/news/economy/gasprices/

Gas prices have fallen 14 cents over the last 2 weeks.

The cheapest gas in the country was found in Detroit, where the price of self-serve regular was $1.86. The highest average price for that grade was $2.81 a gallon in Honolulu.

California prices on average for regular grade was $2.52, down nearly 9 cents from two weeks ago. Among California cities surveyed, the highest price was in San Francisco at $2.62, and the lowest was in Bakersfield at $2.44.
=============================================

Whoopie too do

 

[palehorse]

Originally posted by: dmcowen674

Originally posted by: ntdz
http://money.cnn.com/2007/01/21/news/economy/gasprices/

Gas prices have fallen 14 cents over the last 2 weeks.

The cheapest gas in the country was found in Detroit, where the price of self-serve regular was $1.86. The highest average price for that grade was $2.81 a gallon in Honolulu.

California prices on average for regular grade was $2.52, down nearly 9 cents from two weeks ago. Among California cities surveyed, the highest price was in San Francisco at $2.62, and the lowest was in Bakersfield at $2.44.
=============================================

Whoopie too do

so... Dave... when will the prices be over $5?

tick tock...tick tock.... still waiting... tick tock... tick tock...

ps: That is the sound of a cookoo clock you hear!

 

[Schadenfroh]

Originally posted by: palehorse74

Originally posted by: dmcowen674

Originally posted by: ntdz
http://money.cnn.com/2007/01/21/news/economy/gasprices/

Gas prices have fallen 14 cents over the last 2 weeks.

The cheapest gas in the country was found in Detroit, where the price of self-serve regular was $1.86. The highest average price for that grade was $2.81 a gallon in Honolulu.

California prices on average for regular grade was $2.52, down nearly 9 cents from two weeks ago. Among California cities surveyed, the highest price was in San Francisco at $2.62, and the lowest was in Bakersfield at $2.44.
=============================================

Whoopie too do

so... Dave... when will the prices be over $5?

tick tock...tick tock.... still waiting... tick tock... tick tock...

Maybe in several decades when inflation causes $3 2007 to = $5?

 

[SSSnail]

I don't get it, it seems most people in here are waaaayyy too happy paying for higher gas prices. I don't care if it's $5 or $2.56 on average, it's a bit more than what I should pay for it, quit the damn price gouging and apologetic bs already.

So by arguing the point of "nuh uh, it's not $$$ like you said", why don't you peel that veil back and look at the real issue, the fact that we're paying more than we should. Damn you guys are easily distracted, jedi mind tricks work well here huh?

 

[jrenz]

Originally posted by: SSSnail
I don't get it, it seems most people in here are waaaayyy too happy paying for higher gas prices. I don't care if it's $5 or $2.56 on average, it's a bit more than what I should pay for it, quit the damn price gouging and apologetic bs already.

So by arguing the point of "nuh uh, it's not $$$ like you said", why don't you peel that veil back and look at the real issue, the fact that we're paying more than we should. Damn you guys are easily distracted, jedi mind tricks work well here huh?

Who determines what we should pay for it? You?

 

[SSSnail]

Originally posted by: jrenz

Originally posted by: SSSnail
I don't get it, it seems most people in here are waaaayyy too happy paying for higher gas prices. I don't care if it's $5 or $2.56 on average, it's a bit more than what I should pay for it, quit the damn price gouging and apologetic bs already.

So by arguing the point of "nuh uh, it's not $$$ like you said", why don't you peel that veil back and look at the real issue, the fact that we're paying more than we should. Damn you guys are easily distracted, jedi mind tricks work well here huh?

Who determines what we should pay for it? You?

Apparently no one right now, and that's just absolutely peachy.

 

[jrenz]

Originally posted by: SSSnail

Originally posted by: jrenz

Originally posted by: SSSnail
I don't get it, it seems most people in here are waaaayyy too happy paying for higher gas prices. I don't care if it's $5 or $2.56 on average, it's a bit more than what I should pay for it, quit the damn price gouging and apologetic bs already.

So by arguing the point of "nuh uh, it's not $$$ like you said", why don't you peel that veil back and look at the real issue, the fact that we're paying more than we should. Damn you guys are easily distracted, jedi mind tricks work well here huh?

Who determines what we should pay for it? You?

Apparently no one right now, and that's just absolutely peachy.

Well you just said that we are paying too much, so you obviously know what we should pay for it. How much?

 

[SSSnail]

Originally posted by: jrenz

Originally posted by: SSSnail

Originally posted by: jrenz

Originally posted by: SSSnail
I don't get it, it seems most people in here are waaaayyy too happy paying for higher gas prices. I don't care if it's $5 or $2.56 on average, it's a bit more than what I should pay for it, quit the damn price gouging and apologetic bs already.

So by arguing the point of "nuh uh, it's not $$$ like you said", why don't you peel that veil back and look at the real issue, the fact that we're paying more than we should. Damn you guys are easily distracted, jedi mind tricks work well here huh?

Who determines what we should pay for it? You?

Apparently no one right now, and that's just absolutely peachy.

Well you just said that we are paying too much, so you obviously know what we should pay for it. How much?

Not twice what I paid for a few years ago, is that clear enough? I thought people were intelligent enough to grasp the subtle innuendos of my comments, obviously not.

 

[dmcowen674]

Originally posted by: SSSnail

Originally posted by: jrenz

Originally posted by: SSSnail

Originally posted by: jrenz

Originally posted by: SSSnail
I don't get it, it seems most people in here are waaaayyy too happy paying for higher gas prices. I don't care if it's $5 or $2.56 on average, it's a bit more than what I should pay for it, quit the damn price gouging and apologetic bs already.

So by arguing the point of "nuh uh, it's not $$$ like you said", why don't you peel that veil back and look at the real issue, the fact that we're paying more than we should. Damn you guys are easily distracted, jedi mind tricks work well here huh?

Who determines what we should pay for it? You?

Apparently no one right now, and that's just absolutely peachy.

Well you just said that we are paying too much, so you obviously know what we should pay for it. How much?

Not twice what I paid for a few years ago, is that clear enough?

I thought people were intelligent enough to grasp the subtle innuendos of my comments, obviously not.

What? Inflation didn't go up 100% like gas prices?

 

[SSSnail]

Originally posted by: dmcowen674

What? Inflation didn't go up 100% like gas prices?

How could I miss that! Leave it to the might of the dollar to curb that inflation. Oh wait...

 

[dmcowen674]

Price gouging as told by one town

1-22-2007Gas prices down, but not in Mokena

While gasoline prices hover near the $2 per gallon mark throughout the Chicago area, Mokena residents have been left wondering why gas stations in their town haven't caught on yet.

In nearby Joliet, several gas stations recorded prices of $1.97 or $1.99 per gallon late last week, according to www.gasprices.com. And in neighboring New Lenox, prices were as low as $2.09.

But in Mokena, four stations on LaGrange Road all were selling regular fuel for $2.29 per gallon.

It's an issue that's been bugging Trustee Don Labriola for quite awhile. He can't understand why Mokena's gas prices consistently have been higher than neighboring towns.

"The government should look into the profits the oil companies are making on the backs of hardworking Americans. If they weren't making a profit, I wouldn't have a problem," he said. "There needs to be some accountability."

According to Dave Sykuta, executive director of the Illinois Petroleum Council, gas prices vary widely because of local taxes and location.

On top of federal, state and county taxes, local home rule municipalities can add their own tax. Illinois is the only state that allows local taxes on gas.

By referendum, Mokena has added a one-half percent sales tax to pay for road improvements.

"I can't tell you why stations in Mokena are doing that. If it were me, I'd avoid Mokena," Sykuta said. "If the stations are still in business, they must be selling a lot of lattes, and that's their decision."
==============================================
Bahahahahaha one-half percent sales tax translating into 29 cents higher per gallon at the pump. :laugh: