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

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blackangst1

Lifer
Feb 23, 2005
22,914
2,359
126
Originally posted by: dmcowen674
3-7-2007 West Coast prepares for Gasoline Rationing

SAN FRANCISCO - Gasoline prices have jumped above $3 a gallon in some parts of California and Hawaii, and may hit that level other parts of the country when the busy summer driving season approaches.

Analysts say drivers should brace for more increases in the coming weeks. Crude oil, which makes up about half the price of gasoline, is trading above $60 a barrel. Higher demand, refinery maintenance and fears about springtime shortages are also driving up prices, particularly on the West Coast.

The West Coast will certainly be the wild, wild West this year," said Tom Kloza, chief oil analyst for the Oil Price Information Service. Extensive maintenance work at West Coast refineries has curtailed supplies and exacerbated the typical "preseason rally" spurred by jitters about tight supplies.

"In the rest of the country it's just petro-noia. They're worried that they won't have enough gasoline," Kloza said. "But on the West Coast the concern might be warranted."

Dave youre full of sh1t. The word ration or rationing doesnt even appear in your article.

Also your little lie of NOT having to do with supply and demand seems to be in your head. From the article YOU posted:

Nationwide, the average price for a gallon of regular unleaded is up about 32 cents from a month ago, to $2.50, according to the AAA report. That's more than 55 cents shy of the all-time high recorded in September 2005, after hurricanes Katrina and Rita damaged the Gulf of Mexico refinery infrastructure.

Part of the reason is rising demand. The U.S. Energy Information Administration said Wednesday that gasoline demand has averaged more than 9.1 million barrels per day over the past month, a 3.3 percent jump over the same period last year.

 

dmcowen674

No Lifer
Oct 13, 1999
54,894
47
91
www.alienbabeltech.com
Originally posted by: blackangst1
Originally posted by: dmcowen674
3-7-2007 West Coast prepares for Gasoline Rationing

SAN FRANCISCO - Gasoline prices have jumped above $3 a gallon in some parts of California and Hawaii, and may hit that level other parts of the country when the busy summer driving season approaches.

Analysts say drivers should brace for more increases in the coming weeks. Crude oil, which makes up about half the price of gasoline, is trading above $60 a barrel. Higher demand, refinery maintenance and fears about springtime shortages are also driving up prices, particularly on the West Coast.

The West Coast will certainly be the wild, wild West this year," said Tom Kloza, chief oil analyst for the Oil Price Information Service. Extensive maintenance work at West Coast refineries has curtailed supplies and exacerbated the typical "preseason rally" spurred by jitters about tight supplies.

"In the rest of the country it's just petro-noia. They're worried that they won't have enough gasoline," Kloza said. "But on the West Coast the concern might be warranted."

Dave youre full of sh1t. The word ration or rationing doesnt even appear in your article.

Also your little lie of NOT having to do with supply and demand seems to be in your head. From the article YOU posted:

Nationwide, the average price for a gallon of regular unleaded is up about 32 cents from a month ago, to $2.50, according to the AAA report. That's more than 55 cents shy of the all-time high recorded in September 2005, after hurricanes Katrina and Rita damaged the Gulf of Mexico refinery infrastructure.

Part of the reason is rising demand. The U.S. Energy Information Administration said Wednesday that gasoline demand has averaged more than 9.1 million barrels per day over the past month, a 3.3 percent jump over the same period last year.
Notice it says "Part" , what is that 1%?

You really believe all of a sudden Americans are driving like crazy? Why?

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

BoomerD

No Lifer
Feb 26, 2006
63,428
11,757
136
Funny how they keep blaming refineiry maintenance as part of the rising costs, yet in 95, Chevron, Exxon, and Tosco refineries in the S.F. bay area were ALL having fairly long-term shut-downs (more than 3 weeks) at the same time, and the prices didn't budge...until after the MTBE plants came on line, and prices went up by about $.10/gallon to pay for that fiasco...
 
Jun 27, 2005
19,251
1
61
Originally posted by: Whoozyerdaddy
Originally posted by: ShotgunSteven
Originally posted by: Whoozyerdaddy

Oh good lord. Bethel was the first city on the list that was reporting anything... and it was all reported by one guy. Look at the other remote vilage sites and you'll see that gas in the outlying areas is $3.30-3.40. Not great, but not that bad either. What's more, there are no roads to Bethel. Look it up on a map. Everything has to be shipped by air in the winter time. That's one hell of an expense to factor in.

Look at the main cities. Fairbanks, Anchorage... Where you don't have to go to extreme measures to deliver the fuel. You'll see gas is in the $2.20's.

I already tried logic, but they weren't having any of it.

Yeah... I didn't see yours until after I posted mine. Sorry.
And yeah, some people are all about the sensationalism. God help the truth if it gets in their way.

For the record... My town is recognized as having the highest gas prices in the US at $3.20/gal.

Wailuku, HI - We're #1! We're #1! We're #1! (Wailuku no ka 'oi!)
Not that I'm complaining...

WAILUKU TAKES THE TITLE

Among the nation's cities, Wailuku on Maui currently has the highest price for a gallon of regular unleaded at about $3.20.

On the Mainland, the title goes to San Francisco, where a gallon is going for $3.10, a jump of about 34 cents from a month ago but still off the high of $3.36 set in May 2006, according to the AAA Daily Fuel Gauge Report for Wednesday.

 

BigJ

Lifer
Nov 18, 2001
21,335
1
81
Where on Earth are you getting $3.69 for Eastern LI? In Huntington it's only $2.63/gallon, and all the way out in Stony Brook it's only $2.69/gal.
 

JEDIYoda

Lifer
Jul 13, 2005
33,982
3,318
126
Originally posted by: dmcowen674
3-6-07

Alaska $4.75

New York $3.69

California $3.50

Canada rationing Diesel Fuel

The "Drive for Five" has arrived


As usual you are twisting and distorting the actual truth to hook people into reading your dribble!!
Supply & Demand my Ass

Why would a Gas Industry spokesman reveal the Bush administration is manipulated prices?

3-2-2007 Gas Industry spokesman says Wall Street Firms manipulating Gas Prices for extra profit after election

Expert: Wall Street Fuels Higher Gas Prices

Drivers are once again feeling the pain at the pump.

The increased profits are rolling out of the gas stations and through the oil companies to the big-money people on Wall Street.

?I?m talking about Goldman Sachs, those kinds of people, the big brokerage firms,? Dan Bowers, of Mon Valley Petroleum, said. ?They come in and do a lot of buying.

They can manipulate a market and that?s exactly what they?re doing.?

For example, Bowers says they can buy ?a billion dollars worth of gasoline at whatever cost it is today and they sell that for seven cents again tomorrow.

They can make hundreds of thousands of dollars in a day.?

Those in the gas industry believe investment firms are trading gas again on the markets because last summer, the Bush Administration pressured them to get out so prices could fall before the election.

But now that the elections are over, the pressure is off and the firms are back.

===============================================
1-22-2007 Gas prices jump over 30 cents on oil rising back $2 to $53.

===============================================
I don't think LPG is an option for the U.S. since we have to import in.

Haliburton and the Oil Thugs have been building high capcity LPG terminals off the coast of New Orleans for the last two year. Not sure if they are ready yet and if they can survive a Hurricane. If they can't, then just waste of money.

8-14-2006 Australia offers incentives to run cars on LPG

Australians on Monday were offered cash rebates to convert their vehicles to run on liquefied petroleum gas (LPG) rather than petrol in a government move to reduce the country's dependence on Middle East oil.

Prime Minister John Howard unveiled a A$1.6 billion ($1.2 billion) program over eight years to help combat high world oil prices, but said there was no way to escape rising prices.

"This is a difficult time for Australians faced with high petrol prices," Howard told parliament.

He said world oil prices had risen by about 17 percent in the past year and the price of petrol at pumps had followed suit, causing voter anger at the rising cost of filling up the family car.

Under the new program, the government will give a A$1,000 rebate to people who buy new LPG-powered cars for personal use, and a A$2,000 rebate to people who convert their cars to use LPG.

"Australia is exporting LPG. We have ample supplies of it. What we wanted to do is increase consumption of LPG and increase Australia's self-sufficiency," he told Australian television.

Australia's main motoring body, the NRMA, said the measures would make it viable for people to convert their cars to LPG.

Spokesman Alan Evans said motorists who drive 15,000 km (9,300 miles) to 20,000 km a year would save A$30 to A$40 a week on their fuel bill. But he said Australia had shortages of people qualified to install LPG units in cars.

"This is something you cannot have your backyard mechanic do," he told reporters

=====================================================

Bahahahaha High Gas prices and a Captive audience = Higher Taxes baby

Enjoy

7-25-2006 Americans can indeed be forced from their cars at the right price.

Gasoline prices at near-record highs are fueling a big increase in the number of riders on buses and trains.

The boost in ridership has many of the country's transit systems looking to make improvements, with ballot initiatives asking voters for permission to raise local taxes for public transit or to continue taxes that were scheduled to end.

Salt Lake City, where ridership is up 43 percent versus a year ago, is asking the public this fall for $900 million to add 30 miles of tracks to the city's light rail system in a project that is expected to cost $1.2 billion.




=====================================
7-24-2006 Gas prices move past $3 to all-time high

Enjoy

7-13-2006 Gas climbs towards $4 on start of WWIII

4-25-2006 Bush suspends Environmental rules and halts Oil Reserve purchases till Fall.

GasBuddy.com - Check latest Gas station prices in your area or across the Country

4-21-2006 It is really obvious that the Oil Barons watch this thread.

I've been saying show me the stations out of gas and ta daaaaaaaaa, today stations runs out of gas all over the U.S. overnight.

Of course despite the fact that there is a crap load of Oil available and no refineries down.

The Ethanol situation is a complete fabrication by the Bushies.

Congratulations

Today they are blaming the truckers.

I hope truckers don't take this laying down.

Let's see how wussy American truckers are or do they have a set of balls against the Bush Regime.

4-21-2006 US fuel crunch worsens

Virginia - Dozens of gasoline stations from Virginia to Massachusetts ran short of fuel on Friday as suppliers struggled with a transition to a new anti-smog gasoline blend using corn-based ethanol as an additive.

The disruptions, caused in part by a lack of trucks to move ethanol to supply terminals

There you have it in black & white.

The Oil Barons and the Government blaming truckers.

Truckers are you wusses or will you stand up to this blasphemy???
================================================
4-20-2006 $4 plus Gas hits both East & West Coast

New York ($4.14)

California ($4.14)

Colorado ($3.98)

Original Gas Thread link - over 1 1/2 years old

4-20-2006 New and Improved Gas thread

This thread is mainly dedicated the Gas Price and station amount of Gas part of the equation although the price of Oil has a large part of the swing of the prices.

The part that was really wrong was that the proportion of the Gas increase did not quite match the part of the Oil increase.

That however has been changing during the recent run up.

Despite Oil inventories at record levels of 8 year highs and no refineries actually offline due to major issues like a fire, natural disaster etc and no gas stations running out of gas, prices have been jumping anywhere from 20 cents to 50 cents per day.

Oil rises 82 cents per barrel, gas has been jumping 50 cents even though it does not cost 50 cents more per barrel to produce said gallon of gas.

As much as SUPPLY and DEMAND pundits try to justify their ill gotten position everything clearly shows it is a manipulated and bogus Market by the Oil Barons and Politicians, nothing to do with SUPPLY and DEMAND, nothing.

8-2005 Gas hits $9 gal in Atlanta, Katrina blamed.

 

foghorn67

Lifer
Jan 3, 2006
11,885
53
91
There needs to be one Federal standard for all gasoline formulations. Having each state trying to bicker on what is best is stupid. Shipping gas in pipelines makes things difficult to alleviate a local supply problem.
Way to go stupid state lawmakers.
 

johnnobts

Golden Member
Jun 26, 2005
1,105
0
71
let the alaskans drill. plenty of untapped oil. they've been wanting to do it for years now, since before I moved away back in 1997...
 

shrumpage

Golden Member
Mar 1, 2004
1,304
0
0
Originally posted by: dmcowen674
Originally posted by: foghorn67
There needs to be one Federal standard for all gasoline formulations.

and get rid of such a great excuse for the Oil Barons, Politicians and resident Republicans that support them???


I see this term all the time, but do you know who the actual 'Oil Barons" are? can you give names?
 
Nov 14, 2006
50
0
0
What is this fixation people have with the cost of gas? It doesn't make any sense.
The cost of potable water has risen faster every decade, including this decade, than gas has in any decade. And the cost of potable water has a larger influence on a greater number of products and services then any one fuel, gasoline for instance, ever could.

I second Shrumpage's comment. Do any of you people bitching about prices of gas and oil have any clue who you are bitching about or even what they actually do? So far in this thread I haven't seen that from anyone.

Have you people never tracked a commodity future? Done a regression-correlation with other indexes or related and unrelated commodities? Or are you just doing like Steve Martin used to laugh about and "criticize things you don't know about"?
 

imported_Shivetya

Platinum Member
Jul 7, 2005
2,978
1
0
Originally posted by: dmcowen674
Originally posted by: foghorn67
There needs to be one Federal standard for all gasoline formulations.

and get rid of such a great excuse for the Oil Barons, Politicians and resident Republicans that support them???


don't forget all the democrats who benefit from the oil business as well, after all if more of them are millionaires then more of them must be evil by your definition
 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
Originally posted by: iNGEN
What is this fixation people have with the cost of gas? It doesn't make any sense.
The cost of potable water has risen faster every decade, including this decade, than gas has in any decade. And the cost of potable water has a larger influence on a greater number of products and services then any one fuel, gasoline for instance, ever could.

I second Shrumpage's comment. Do any of you people bitching about prices of gas and oil have any clue who you are bitching about or even what they actually do? So far in this thread I haven't seen that from anyone.

Have you people never tracked a commodity future? Done a regression-correlation with other indexes or related and unrelated commodities? Or are you just doing like Steve Martin used to laugh about and "criticize things you don't know about"?

iNGEN, the simple answer to your questions is "No", but that won't stop Dave and his followers from making their outlandish and uninformed allegations and assumptions.
 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
Originally posted by: dmcowen674
Originally posted by: blackangst1
Originally posted by: dmcowen674
3-7-2007 West Coast prepares for Gasoline Rationing

SAN FRANCISCO - Gasoline prices have jumped above $3 a gallon in some parts of California and Hawaii, and may hit that level other parts of the country when the busy summer driving season approaches.

Analysts say drivers should brace for more increases in the coming weeks. Crude oil, which makes up about half the price of gasoline, is trading above $60 a barrel. Higher demand, refinery maintenance and fears about springtime shortages are also driving up prices, particularly on the West Coast.

The West Coast will certainly be the wild, wild West this year," said Tom Kloza, chief oil analyst for the Oil Price Information Service. Extensive maintenance work at West Coast refineries has curtailed supplies and exacerbated the typical "preseason rally" spurred by jitters about tight supplies.

"In the rest of the country it's just petro-noia. They're worried that they won't have enough gasoline," Kloza said. "But on the West Coast the concern might be warranted."

Dave youre full of sh1t. The word ration or rationing doesnt even appear in your article.

Also your little lie of NOT having to do with supply and demand seems to be in your head. From the article YOU posted:

Nationwide, the average price for a gallon of regular unleaded is up about 32 cents from a month ago, to $2.50, according to the AAA report. That's more than 55 cents shy of the all-time high recorded in September 2005, after hurricanes Katrina and Rita damaged the Gulf of Mexico refinery infrastructure.

Part of the reason is rising demand. The U.S. Energy Information Administration said Wednesday that gasoline demand has averaged more than 9.1 million barrels per day over the past month, a 3.3 percent jump over the same period last year.
Notice it says "Part" , what is that 1%?

You really believe all of a sudden Americans are driving like crazy? Why?

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

Dave, did you notice in your article that oil only makes up half of the price of a gallon of gas. Can you guess what makes up the other half? I'll give you a hint: they start with a T and ends with and S.
 

BigJ

Lifer
Nov 18, 2001
21,335
1
81
Originally posted by: Whoozyerdaddy
Dude... pull that $4.75 Alaska gas out of your thread title... It's absolutely dishonest.

Not to mention the Eastern LI, NY quote of $3.69. I drive out to Eastern LI on a daily basis and the max out there is still only $2.70~.
 

dmcowen674

No Lifer
Oct 13, 1999
54,894
47
91
www.alienbabeltech.com
Originally posted by: shrumpage
Originally posted by: dmcowen674
Originally posted by: foghorn67
There needs to be one Federal standard for all gasoline formulations.

and get rid of such a great excuse for the Oil Barons, Politicians and resident Republicans that support them???

I see this term all the time, but do you know who the actual 'Oil Barons" are? can you give names?

2-25-1999 Oil Barons cry that they are losing millions a day

Statement of S. Michael Cantrell, President/Owner, Oklahoma Basic Economy Corporation

Testimony Before the Subcommittee on Oversight,
of the House Committee on Ways and Means

Hearing on the Incentives for Domestic Oil and Gas Production and Status of the Industry

February 25, 1999

Thank you for the opportunity to share with this committee just one man's view of the devastation that is taking place in the domestic independent oil industry and the ramifications to our nation of this oil price crisis.

I am a native Oklahoman and third-generation "oilie." I am a small independent oil producer from Ada, Oklahoma. I employ 10 people. We operate 85 oil wells, all of them located within 30 miles of my home.

The Oil Crisis is Real

The business environment for my company is the worst it's been since the Great Depression. Without boring the committee with a series of statistics, please allow me to provide the following back-drop for my testimony:

* Oklahoma's oilfields are among the most mature in the world. Oklahoma has about 85,000 producing oil wells, which pump a total of about 200,000 barrels a day. That means the average well in our state produces about 2 1/2 barrels of oil a day.

* Average costs to produce an Oklahoma barrel of oil is about $13. In other words, at the prices paid for Oklahoma oil since November, Oklahoma producers, like me, have been losing an average of $4/barrel or close to a million dollars a day. No business -- no industry -- can survive for long in that sort of cash-flow crunch.

* At the beginning of last year, there were 45,000 Oklahomans directly employed in the oil and natural gas industry. There were probably twice that many employed indirectly because of oil and gas exploration and production. Our state oil and gas organization, the Oklahoma Independent Petroleum Association, estimates about 6,000 of those Oklahoma jobs are already gone ... and the rate of layoffs in the Oklahoma oilpatch is escalating at a rate of about 1,500 per month. That means 50 bread-winners a day are being forced to find new work, be re-educated or re-trained or relocate. Just in Oklahoma.

* Oklahoma's preeminent geologist, Dr. Charles Mankin, estimates there are still 18 billion barrels of oil under the ground in Oklahoma. We just celebrated the centennial of our industry in Oklahoma. In 100 years, we've produced 17 billion barrels. But the remaining one-half of the energy resource -- the wealth, the tax base, etc. -- may not be produced if the access to the oil reservoir, the wellbores, are plugged and abandoned prematurely because these marginal wells are too costly to continue to operate at a loss over the near-term.

The Oil Crisis has a Face

Oklahomans are a proud people. Many of us stayed through the horrible oil crash of the mid '80s. This crisis is deeper and has gone on longer than the "bust" of '86. Pumpers, welders, roughnecks, oilfield supply houses, pipe yards, secretaries, accountants, landmen, and company owners. Nobody in the oil industry is spared. But the Oil Crisis doesn't just impact one segment, albeit a major segment, of the Oklahoma economy. It impacts all of us. Hundreds of small "oil towns" across Oklahoma are facing an economic double-whammy as the two staples of our rural culture and economy -- oil and agriculture -- struggle to survive.

The decline in the value of oil just in the past two years, is the equivalent to the loss of a billion-dollar-a-year industry in Oklahoma. It effects the grocer, the pharmacist, the convenience store owner, teachers and other government service providers. The decline in oil-related tax collections is estimated at $10 million a month to the state treasury, perhaps as much as four percent of the overall state budget. This means less money for schools, roads, services

The Oil Crisis "Winners"

There are identifiable winners in this oil crisis. No, I won't start by talking about American consumers, because -- even though all of us benefit in the short run from lower prices for energy products -- these savings won't last.

The winners are the foreign countries, and their oil company partners, who are systematically decimating the U.S. oil producing sector. Every time a U.S. oil well is plugged prematurely, the Oil Barons of the New Millennium, come one step closer to complete control of one of the staples of our existence and one of the foundation pins of our nation's freedom.

The former head of the Venezuelan oil regime announced 15 months ago: " Lower prices will result in some marginal production being shut in and force some high-cost producers, particularly in the U.S., out of business." In the winter of '97, with my oil selling for $18/barrel, that comment flew right past me. Today, it slaps me in the face.

I believe it is Venezuela's goal to displace 1-2 million barrels of U.S. production over the next 3-5 years. I believe they are joined in this global struggle for market share by Iraq, Iran, Canada, Mexico, Saudi Arabia, Norway and other countries. I believe their plan is working. I know some of my friends, neighbors and former colleagues in the oil business are already victims. I understand my company could be a fatality in the not-to-distant future.

What I don't understand is why the U.S. Government is compelled to aid and abet this foreign seizure of control of the global energy marketplace. Some will say it is not prudent for Congress or the Administration to interject itself into the "free market." Frankly, I have come to scoff even at the term.

When U.S. taxpayers subsidize the world's largest oil companies because our government allows these major companies to call the royalties they pay to foreign governments taxes ... which allows these companies to avoid paying taxes to our government. When U.S. oil producers pay upwards of $4/barrel in environmental/regulatory costs that producers in other parts of the world don't face. When U.S. taxpayers provide "free-of-charge" protection, via the U.S. Armed Forces, to tankers in shipping lanes around the globe. There is no free market for oil. There is no level-playing field for U.S. oilfield workers.

What can Congress do to address the Oil Crisis?

I would offer the following:

* The appropriate Congressional committees and/or federal agencies should begin immediately an investigation to identify the true cost of imported oil.

-- Differences in tax treatment of foreign oil production
-- Differences in regulatory/environmental requirements for foreign oil production
-- Factoring in military costs.

* The appropriate Congressional committees and/or federal agencies should begin immediately an investigation into the substantial harm caused to U.S. oilfield workers by the overt and systematic taking of oil markets by foreign-controlled interests.

* Congress or the Administration should impose a graduated tariff (tied to world oil prices) on imported oil and petroleum products.

* Congress should enact major tax changes specifically aimed at preserving marginal oil wells, including the redefinition for tax credit purposes of enhanced recovery to include both new and existing hydro-injection projects.

* Congress should provide small independent oil and natural gas producers an exemption from anti-trust statutes for the purpose of forming cooperatives to aggregate production and improve the prospects for these small market players a more reasonable opportunity to compete against the conglomerates being formed by mergers of the majors and many larger independent producers.
 
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