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

[dmcowen674]

Oil went up $2 barrel so that translates to instant gas spikes as usual:

1-22-2007 Gas Prices Spike 34 cents

If you didn't fill-up Thursday, you are out of luck

Gas prices shot up Friday morning, as much as 34 cents

Some stations selling unleaded regular for $1.75 Thursday, raised prices to $2.09 by noon Friday.

Some motorists were frustrated.

"Who did we bomb overnight?" asked one unidentifed man filling up at the 7-Eleven on Upton in West Toledo. "Gas prices jumping 34-cents overnight --- That's ridiculous."

Herbie Howard, President of American Petroleum, says the prices did not really shoot up.

"Consumers were actually getting prices that were at or below cost in recent days. What happened Friday was a correction," he said.

Whatever its called --- a correction or a spike --- it follows a slight recovery from recent declines in oil prices.

This comes a day after the Energy Department reported the highest rise in crude inventories in more than four years.

 

[jrenz]

So you quote an article from Toledo, OH, which had gas prices that were WELL below national averages, and you make it seem like an above-normal jump, bringing prices back to normal levels, is absurd?

You're really pathetic Dave.

 

[CPA]

Originally posted by: 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?

Please don't bring up the inflation argument.

Price of a gallon unleaded gas in 1975

Adjusted for inflation from 1975 - 2005.


What cost $.57 in 1975 would cost $2.13 in 2005.
Also, if you were to buy exactly the same products in 2005 and 1975,
they would cost you $.57 and $0.15 respectively.

Do you want to do another calculation?



Seems like we are paying exactly what we should be paying.

 

[SSSnail]

Originally posted by: CPA
Please don't bring up the inflation argument.

Price of a gallon unleaded gas in 1975

Adjusted for inflation from 1975 - 2005.


What cost $.57 in 1975 would cost $2.13 in 2005.
Also, if you were to buy exactly the same products in 2005 and 1975,
they would cost you $.57 and $0.15 respectively.

Do you want to do another calculation?



Seems like we are paying exactly what we should be paying.

Orly? So we can't do a good job of keeping things under perspective and NOT having to follow a projected inflation curve, instead, we MUST follow that curve.

This is your argument:

According to statistic, we should have roughly 10% of students with D average, last year, we had only 3%. This year, we failed a few to keep up with the statistic, because that's what we SHOULD have. (I just made that up).

Anyways, I'm gonna go and get a breath of fresh air, when I come back I expect a new nested quote here somewhere.

 

[CPA]

Originally posted by: SSSnail

Originally posted by: CPA
Please don't bring up the inflation argument.

Price of a gallon unleaded gas in 1975

Adjusted for inflation from 1975 - 2005.


What cost $.57 in 1975 would cost $2.13 in 2005.
Also, if you were to buy exactly the same products in 2005 and 1975,
they would cost you $.57 and $0.15 respectively.

Do you want to do another calculation?



Seems like we are paying exactly what we should be paying.

Orly? So we can't do a good job of keeping things under perspective and NOT having to follow a projected inflation curve, instead, we MUST follow that curve.

This is your argument:

According to statistic, we should have roughly 10% of students with D average, last year, we had only 3%. This year, we failed a few to keep up with the statistic, because that's what we SHOULD have. (I just made that up).

Anyways, I'm gonna go and get a breath of fresh air, when I come back I expect a new nested quote here somewhere.

lol, I like your last line, I know what you mean.

But my argument was simple: taking Dave's qoute about inflation and the previous quote about what we should be paying, I used an inflations calculator to show what prices should be based on the prevailing inflation rates over the last 30 years. Simple. The only perspective needed is the fact that you can't change history.

I guess my question is "if gasoline kept up with the rate of inflation for the last 30 years, would we be having the same arguments today?" I don't think we would. I think people would more or less understand that things don't stay constant. Now, the fact that gasoline prices have jumped considerably the last couple of years, for whatever reasons, gets people riled, but taken in context of CPI increases, it's done nothing but flatten the expected curve.

 

[Vic]

Gas prices are falling. Down to a national average of $2.16 from $2.34 a month ago. Text. Expect this trend to continue, although those people who are already paying less than $2 per gallon *cough* Dave *cough* should expect prices to stablize while those who are still paying close to $3 per gallon (like me) should expect to see prices fall.

People here should ask themselves... if high gas prices are bad according to Dave (and according to everyone else, I'm sure we'd all agree), then why does he always cheer when they go up, and get upset/lie/make up stories when they go down? Could it be that pushing an agenda on an internet forum and being right about it is more important to him?

 

[CPA]

Originally posted by: Vic
Gas prices are falling. Down to a national average of $2.16 from $2.34 a month ago. Text. Expect this trend to continue, although those people who are already paying less than $2 per gallon *cough* Dave *cough* should expect prices to stablize while those who are still paying close to $3 per gallon (like me) should expect to see prices fall.

People here should ask themselves... if high gas prices are bad according to Dave (and according to everyone else, I'm sure we'd all agree), then why does he always cheer when they go up, and get upset/lie/make up stories when they go down? Could it be that pushing an agenda on an internet forum and being right about it is more important to him?

Or is it because he likes to play both sides of the fence, therefore he's never wrong?

 

[Vic]

Originally posted by: CPA

Originally posted by: Vic
Gas prices are falling. Down to a national average of $2.16 from $2.34 a month ago. Text. Expect this trend to continue, although those people who are already paying less than $2 per gallon *cough* Dave *cough* should expect prices to stablize while those who are still paying close to $3 per gallon (like me) should expect to see prices fall.

People here should ask themselves... if high gas prices are bad according to Dave (and according to everyone else, I'm sure we'd all agree), then why does he always cheer when they go up, and get upset/lie/make up stories when they go down? Could it be that pushing an agenda on an internet forum and being right about it is more important to him?

Or is it because he likes to play both sides of the fence, therefore he's never wrong?

Heh... if that's the case, then he's doing a really poor job of it!

 

[blackangst1]

huh...wierd stuff...prices fell 13 cents in the last 6 days to 2.13 in Phoenix, and down 11 cents in OKC to 1.79.

WTF? Prices are going the wrong way!

 

[ntdz]

Gas Thread 1-22-07:Gas prices jump over 30 cents on oil rising back $2 to $53

Hmm...dave's topic title is exactly the OPPOSITE of what happened today. Gas prices have fallen 14 cents in the last 2 weeks, and oil FELL $1 today to $51.

Why do you insist on straight up lying when we can go look at the facts with one click ?

 

[MrBond]

Toledo, Ohio here, gas is down to $1.99/gallon citywide now (only $0.15 higher than the citywide average on Thursday).

The increase on Friday was pretty standard here for the weekend. I wouldn't be surprised to see it drop until Thursday, then shoot back up.

The stations screw around with prices like that during periods of price stability. They change the day they hike the price to keep motorists on their toes - I wouldn't be surprised to see the increase come on Thursday morning this week, for example. Sometimes they'll keep the price low for the weekend, then bump it up on Monday.

 

[dmcowen674]

Originally posted by: ntdz

Gas Thread 1-22-07:Gas prices jump over 30 cents on oil rising back $2 to $53

Hmm...dave's topic title is exactly the OPPOSITE of what happened today. Gas prices have fallen 14 cents in the last 2 weeks, and oil FELL $1 today to $51.

Why do you insist on straight up lying when we can go look at the facts with one click ?

Try clicking on new links sometime:

1-23-2007 Oil prices rebound amid cold weather
World oil prices have rallied, with the price of Brent crude pushing back above 53 dollars per barrel amid higher demand for heating fuel owing to cold weather in the United States.

In London, the price of Brent North Sea crude for March delivery rose 35 cents to 53.05 dollars per barrel in electronic trading Tuesday.

Tony Nunan, who manages energy risk for Mitsubishi Corp in Tokyo, meanwhile warned that in the long-term prices would remain under pressure from geopolitical risks.

In the long-term "we still face a very dangerous world", he said.

 

[jrenz]

Try clicking on new links sometime:

Why don't you try responding to old allegations sometimes, jackass? :laugh:

 

[dmcowen674]

Originally posted by: jrenz

Try clicking on new links sometime:

Why don't you try responding to old allegations sometimes, jackass? :laugh:

Because I'm a Jackass, I don't hee, I only haw.

 

[dmcowen674]

$5 here we come.

1-24-2007 Gas stations raising prices

On Tuesday, oil futures jumped sharply, to more than $54 dollars a barrel.

 

[palehorse]

Originally posted by: dmcowen674
$5 here we come.

1-24-2007 Gas stations raising prices

On Tuesday, oil futures jumped sharply, to more than $54 dollars a barrel.

LOL... you never learn, do you?

have you ever been locked in a room with padded walls? just curious...

 

[BoberFett]

No, he's more of a room with bars kinda guy.

 

[jrenz]

Gas in my area doesn't know how to sto pgoing down. Filled up at $1.82 yesterday. Saw it as low as $1.80

 

[palehorse]

Originally posted by: jrenz
Gas in my area doesn't know how to sto pgoing down. Filled up at $1.82 yesterday. Saw it as low as $1.80

duuuuude, that's so crazy!!! Gas is, like, $4.99 per gallon in Dave's neighborhood! Or so we keep hearing...

 

[dmcowen674]

Gas prices have nothing to with Supply and Demand:

1-27-2007 Source: Fill up now, gas prices going up

Even the gas station owners themselves are at the mercy of the global market climate. Oil companies such as Exxon Mobil and Citgo might be making record profits, Schierl said, but because the price of gasoline for retailers is set by what they pay for their fuel at the local level, those profits don?t make it down to the area station owners or drivers.

Schierl purchased his latest shipment of gasoline Friday from a refinery in Junction City at $2.01 for 87-octane fuel, he will only make 8 cents a gallon on his investment at the current market rate of $2.09. To offset that low return, Schierl and fellow retailers use other means of attracting customers to the stores with rewards programs and good customer service.

?It?s out of our control so we are trying to focus on what we can control,? he said.

The only accurate measure Schierl could determine for the future price of gas would be to watch a major station chain because they have the ability to purchase larger quantities of fuel at the same price.

?The real answer is tell me what Kwik Trip will be and were the lowest station is and it will settle out.? he said.
=========================================
Will not only the American Sheeple ever rise up to the absolute bullshit of price fixing but the world? Sadly doesn't look that way.

Just feed the sheeple the bull line of "Supply & Demand" and they just bend over and pay.

 

[dmcowen674]

Gas prices have nothing to with Supply and Demand:

1-27-2007 Source: Fill up now, gas prices going up

Even the gas station owners themselves are at the mercy of the global market climate. Oil companies such as Exxon Mobil and Citgo might be making record profits, Schierl said, but because the price of gasoline for retailers is set by what they pay for their fuel at the local level, those profits don?t make it down to the area station owners or drivers.

Schierl purchased his latest shipment of gasoline Friday from a refinery in Junction City at $2.01 for 87-octane fuel, he will only make 8 cents a gallon on his investment at the current market rate of $2.09. To offset that low return, Schierl and fellow retailers use other means of attracting customers to the stores with rewards programs and good customer service.

?It?s out of our control so we are trying to focus on what we can control,? he said.

The only accurate measure Schierl could determine for the future price of gas would be to watch a major station chain because they have the ability to purchase larger quantities of fuel at the same price.

?The real answer is tell me what Kwik Trip will be and were the lowest station is and it will settle out.? he said.
=========================================
Will not only the American Sheeple ever rise up to the absolute bullshit of price fixing but the world? Sadly doesn't look that way.

Just feed the sheeple the bull line of "Supply & Demand" and they just bend over and pay.

 

[jrenz]

I'm done replying to your moronic posts. You're a child who never grew up.

 

[TheSlamma]

By the time it gets to $5 it will just be due to normal inflation

 

[senseamp]

Why are we still filling the strategic petroleum reserve? It seems to me like price support program for big oil.
When is it going to be full already?

 

[dmcowen674]

Originally posted by: senseamp
Why are we still filling the strategic petroleum reserve? It seems to me like price support program for big oil.
When is it going to be full already?

From what I understand it was full at 669 million barrels.

They are doubling it's capacity.