Original Gas Thread: Americans enjoying $4 gallon despite oil oversupply highest in 8 yrs

[ElFenix]

Originally posted by: dmcowen674
Gas jumped up 10 cents overnight here again.

Still early run up to Memorial Day gouging that is allowed???

please provide a definition of gouging based on economics principles

 

[dmcowen674]

Originally posted by: Deptacon

Originally posted by: dmcowen674

Originally posted by: Deptacon

Oh please STFU.... yes it would....and it would be more,

cause dems dont have connections to twist arms over to turn up oroduction like bush has been doing

im so sick of reading ur studi fvcking posts

Ah beautiful, gotcha to admit the Oil/Haliburton connection between Bush & the Saudi's :thumbsup:

If production is so high, tons of supply, then why still the high Oil and Gas prices???

every politican has connections.....please.... like kerry was clean from soft money hahahahahahaha. Bush's familiy was in the oil business, and Haliburton isnt a oil company, they are a drilling/govt contracting company, and have been doing govt contract work for over 20 yrs, not just under bush. my Source, im currently preparing to work as a contractor for them.

Bush meeting, and the famuous GARDEN WALK ARM TWIST PICTURES. Bush oil connections give him more power to do something about oil prices then any dem so please. No immeditate promises, but higher increases over time then saudi's had planned

http://www.cnn.com/2005/US/04/25/bush.saudi/

http://www.npr.org/templates/story/story.php?storyId=4618022&sourceCode=RSS

http://www.npr.org/templates/story/story.php?storyId=4618022&sourceCode=RSS


your knowledge of the WORLD OIL market is obviously ZERO. OIL CONSUMPTION WORLD WIDE is going way up, while production isnt moving. It isnt so much our consumption, its china's. here are SOME LINKS, since you guys are link nazi's

http://www.asiantribune.com/show_news.php?id=13996

http://www.startribune.com/stories/535/5311910.html

http://www.iags.org/futureofoil.html

http://www.iags.org/china.htm

Bush oil connections give him more power to do something about oil prices then any dem so please.

So much for your Bush God has more connections to something about Oil prices.

Oil Prices Rebound Above $50 a Barrel Mark

The latest petroleum supply snapshot from the U.S. Department of Energy showed a 2.6 million barrel increase in crude oil last week, bringing the nation's inventories to 327 million barrels, or 9 percent above year ago levels.

The supply of gasoline grew by 2.2 million barrels to 213.5 million barrels, or 6 percent above year ago levels.

Oil analyst Tim Evans at IFR Energy Services in New York said there is plenty of crude oil and gasoline in the market,

and that traders and speculators are downplaying these supply-demand fundamentals.

He said what's keeping oil prices high is "a near-religious belief that although the market is not tight now, it will be later."
====================================================
Again in Bolded Black and White that it has NOTHING to do with SUPPLY and DEMAND, NOTHING

 

[Deptacon]

Originally posted by: dmcowen674

Originally posted by: Deptacon

Originally posted by: dmcowen674

Originally posted by: Deptacon

Oh please STFU.... yes it would....and it would be more,

cause dems dont have connections to twist arms over to turn up oroduction like bush has been doing

im so sick of reading ur studi fvcking posts

Ah beautiful, gotcha to admit the Oil/Haliburton connection between Bush & the Saudi's :thumbsup:

If production is so high, tons of supply, then why still the high Oil and Gas prices???

every politican has connections.....please.... like kerry was clean from soft money hahahahahahaha. Bush's familiy was in the oil business, and Haliburton isnt a oil company, they are a drilling/govt contracting company, and have been doing govt contract work for over 20 yrs, not just under bush. my Source, im currently preparing to work as a contractor for them.

Bush meeting, and the famuous GARDEN WALK ARM TWIST PICTURES. Bush oil connections give him more power to do something about oil prices then any dem so please. No immeditate promises, but higher increases over time then saudi's had planned

http://www.cnn.com/2005/US/04/25/bush.saudi/

http://www.npr.org/templates/story/story.php?storyId=4618022&sourceCode=RSS

http://www.npr.org/templates/story/story.php?storyId=4618022&sourceCode=RSS


your knowledge of the WORLD OIL market is obviously ZERO. OIL CONSUMPTION WORLD WIDE is going way up, while production isnt moving. It isnt so much our consumption, its china's. here are SOME LINKS, since you guys are link nazi's

http://www.asiantribune.com/show_news.php?id=13996

http://www.startribune.com/stories/535/5311910.html

http://www.iags.org/futureofoil.html

http://www.iags.org/china.htm

Bush oil connections give him more power to do something about oil prices then any dem so please.

So much for your Bush God has more connections to something about Oil prices.

Oil Prices Rebound Above $50 a Barrel Mark

The latest petroleum supply snapshot from the U.S. Department of Energy showed a 2.6 million barrel increase in crude oil last week, bringing the nation's inventories to 327 million barrels, or 9 percent above year ago levels.

The supply of gasoline grew by 2.2 million barrels to 213.5 million barrels, or 6 percent above year ago levels.

Oil analyst Tim Evans at IFR Energy Services in New York said there is plenty of crude oil and gasoline in the market,

and that traders and speculators are downplaying these supply-demand fundamentals.

He said what's keeping oil prices high is "a near-religious belief that although the market is not tight now, it will be later."
====================================================
Again in Bolded Black and White that it has NOTHING to do with SUPPLY and DEMAND, NOTHING

why are you double posting, trying to show off on a message board or soemthing....hahahaha loser... here is my response


quote:

--------------------------------------------------------------------------------
Originally posted by: dmcowen674

Oil Prices Rebound Above $50 a Barrel Mark


yeah bush could do more, if it was kerry or clinton, you would be paying 3-4 a gallon, not to mention, ever asking someone in ENgland or France, or Italy how much they pay for gas???? Aks em? its way more than we do

"The latest petroleum supply snapshot from the U.S. Department of Energy showed a 2.6 million barrel increase in crude oil last week, bringing the nation's inventories to 327 million barrels, or 9 percent above year ago levels."

The supply of gasoline grew by 2.2 million barrels to 213.5 million barrels, or 6 percent above year ago levels.



He said what's keeping oil prices high is "a near-religious belief that although the market is not tight now, it will be later."

--------------------------------------------------------------------------------



nice links, to bad they all talk about supply and not consumption, look at the barrel counts buddy, supply increases DO NOT MATCH CONSUMPTION INCREASES...also, you are only accounting for american supply and consumption, oil is a global market...

anticipation of demand affects prices just as much as a regualr supply crunch would.....

just like your qoute says, it has to do with anticiaption of demand....


BUT REGARDLESS, WHat do you suggest Dubya do?????eh???? ideas, didnt tihnk so.....

dont say strategic oil reserves.....cause key WORD IS STRATEGIC, which is long term, and taking your pump cost down 50 cents isnt a reason to dip into our emergency supply....

"Crude futures remain about 28 percent above year ago levels even after falling sharply from their intraday high of $58.28 in early April. Oil prices would need to surpass $90 a barrel to exceed the inflation-adjusted high set in 1980."

Bush doesnt have a button in his office controlling Oil prices, he is asking for higher output from OPEc, there isnt much else he can do, less drill in alaksa, which A) wont do much at all B) would piss off all you tree huggers

the other funny things is THIS IS THE ONLY ARTICLE OUT OF MANY DOZENS that I have read that states the supply and dmeand factor is wrong, not to mention, IT SAYS TRADERS AND SPECULATORS are downplaying, not INDUSTRY EXPERTS

 

[nergee]

Originally posted by: ElFenix

Originally posted by: dmcowen674
Gas jumped up 10 cents overnight here again.

Still early run up to Memorial Day gouging that is allowed???

please provide a definition of gouging based on economics principles

....still waiting for this one...........

 

[Deptacon]

Originally posted by: nergee

Originally posted by: ElFenix

Originally posted by: dmcowen674
Gas jumped up 10 cents overnight here again.

Still early run up to Memorial Day gouging that is allowed???

please provide a definition of gouging based on economics principles

....still waiting for this one...........

keep waiting for him, he post random thoughts more than I do.....

 

[dmcowen674]

No surprise here.

Figures the Ford Escape is a joke when it come to mileage for a hybrid:

5-10-2005 Greenhybrid.com Real Mileage Database

Honda Insight 63

Toyota Pruis II 48

Honda Civic 46

Toyota Prius I 45

Honda Accord 31

Ford Escape 28

Lexus RX 27

 

[SuperTool]

Why didn't you change the title to Lexus RX is a joke for Hybrid Gas mileage?
Actually if you look at how much gas it saves over a comparable non hybrid model, the 4 cylinder that makes 20mpg.
That is a 33% savings in fuel per mile, or 0.016 gallons per mile
For comparison, Civic hybrid's only has about 20% savings in fuel per mile over civic HX, or 0.0057 miles gallons per mile.
So every hybrid Escape will save 3 times as much fuel per mile compared to a nonhybrid 4 cylinder escape as a hybrid civic will save compared to a nonhybrid civic.
30mpg for a 3800lb AWD SUV is very impressive.

 

[Tommunist]

Originally posted by: SuperTool
Why didn't you change the title to Lexus RX is a joke for Hybrid Gas mileage?
Actually if you look at how much gas it saves over a comparable non hybrid model, the 4 cylinder that makes 20mpg.
That is a 33% savings in fuel per mile, or 0.016 gallons per mile
For comparison, Civic hybrid's only has about 20% savings in fuel per mile over civic HX, or 0.0057 miles gallons per mile.
So every hybrid Escape will save 3 times as much fuel per mile compared to a nonhybrid 4 cylinder escape as a hybrid civic will save compared to a nonhybrid civic.
30mpg for a 3800lb AWD SUV is very impressive.

indeed - if all SUVs got in the upper 20s in mpg we'd be a lot better off considering most of them are low 20s right now.

 

[SuperTool]

I don't get why people pay $6000 more for Civic hybrid over the Civic HX with CVT to save some punly 0.005 gallons per mile. That's 1 cent a mile. You'd have to drive 600K miles to recoup the cost, assuming the battery miraculously lasts that long. And the Hybrid has 93HP vs HX 117HP If you put the hybrid's 1.3L into the HX instead of the 1.7L, you'd get almost identical mileage to the hybrid.
And the sad thing is I see tonnes of Civic hybrids here in the Valley driven by engineers who should know math.

 

[StageLeft]

*shrug* Hybrids kind of, well suck. The honda insight gets very impressive numbers, but that's in huge part because it's got less power than my left bicep and weighs about as much as well. Throw a pissant gas-only power plant into a tiny car shaped like a teardrop and that's what happens. Hybrid obviously saves gas but by the time you throw in the extra purchase cost it's not very impressive.

I was reading this month's C&D and apparently JD Power sees Hyrbids making about 3% market share in 8 (I think it was) years. Currently they are responsible for .5% of new car sales. Diesel is a possibility, but for what savings it offers you've got the initial purchase price again--engines are expensive--then you've got the difficulty of meeting emissions, plus the fact that currently diesel is expensive. It's prevalent in Europe in huge part because of taxes. In Germany, for instance, there's a 40% tax benefit to diesel. In places like Switzerland where there is none (?) far fewer use diesel cars. The internal combustion engine as we know it now is not going anywhere soon.

 

[ElFenix]

Originally posted by: dmcowen674
No surprise here.

Figures the Ford Escape is a joke when it come to mileage for a hybrid:

5-10-2005 Greenhybrid.com Real Mileage Database

Honda Insight 63

Toyota Pruis II 48

Honda Civic 46

Toyota Prius I 45

Honda Accord 31

Ford Escape 28

Lexus RX 27

troll much lately?

 

[SuperTool]

But none of the car mags are telling their readers that hybrids just aren't worth it. And the media is in love with them. I think when there was just Prius it was hard to compare it to anything, so it looked impressive. Now that we have hybrid versions of nonhybrid cars, we can do a head to head comparison, and hybrids aren't all that impressive at all in terms of fuel savings vs the price. It's just sad to see morons buy stripped down civic hybrids with 93 hp for what they could have a nicely equipped 4 cylinder Accord LX with 165 hp. And it seems like almost every other new Civic I see in the Valley is a hybrid.

 

[StageLeft]

Originally posted by: SuperTool
But none of the car mags are telling their readers that hybrids just aren't worth it. And the media is in love with them. I think when there was just Prius it was hard to compare it to anything, so it looked impressive. Now that we have hybrid versions of nonhybrid cars, we can do a head to head comparison, and hybrids aren't all that impressive at all in terms of fuel savings vs the price. It's just sad to see morons buy stripped down civic hybrids with 93 hp for what they could have a nicely equipped 4 cylinder Accord LX with 165 hp. And it seems like almost every other new Civic I see in the Valley is a hybrid.

Actually the recent C&D pretty much did. One of the editorials at the beginning! The media does love them though. I've only seen a couple of those civics. Hell, either alabamians are smarter or poorer...maybe a bit of both

The C&D blurb mentioned that we still don't really know how long the batteries will last or how costly they'll be, and when you have most people in the summer driving with AC it really cuts into savings. It said the highway savings are normally not great, and city there is some, but it's still ultimately not a great bang for buck.

 

[SuperTool]

Originally posted by: Skoorb

Originally posted by: SuperTool
But none of the car mags are telling their readers that hybrids just aren't worth it. And the media is in love with them. I think when there was just Prius it was hard to compare it to anything, so it looked impressive. Now that we have hybrid versions of nonhybrid cars, we can do a head to head comparison, and hybrids aren't all that impressive at all in terms of fuel savings vs the price. It's just sad to see morons buy stripped down civic hybrids with 93 hp for what they could have a nicely equipped 4 cylinder Accord LX with 165 hp. And it seems like almost every other new Civic I see in the Valley is a hybrid.

Actually the recent C&D pretty much did. One of the editorials at the beginning! The media does love them though. I've only seen a couple of those civics. Hell, either alabamians are smarter or poorer...maybe a bit of both

The C&D blurb mentioned that we still don't really know how long the batteries will last or how costly they'll be, and when you have most people in the summer driving with AC it really cuts into savings. It said the highway savings are normally not great, and city there is some, but it's still ultimately not a great bang for buck.

Actually, if you look at the website Dave posted and click on nonhybrid link, there are Civic VX's getting over 50mpg, which is better than the Hybrid. And that's with a 117 hp engine vs 93 hp. I think people in Silicon Valley are just nerds with too much money on their hands, they just get excited by the technology for the sake of technology. As far as not seeing them in Alabama, I think the hybrid makers are targeting CA for their scam, and it's paying off because a lot of people here are poseurs, wannabe environmentalists, and not too good with money.

 

[StageLeft]

because a lot of people here are poseurs, wannabe environmentalists, and not too good with money.

Concur!

 

[nergee]

Oregon is considering a vehicle mileage tax on hybrids to make up for lost tax revenue.....

"As gas prices continue to top $2 a gallon, all those drivers of fuel-efficient cars may not have reason to gloat for much longer. Oregon is worried that too many Honda Insights and Toyota Priuses hitting the roads will rob it of the cash it expects out of its 24-cent-a-gallon tax. So the Beaver State is studying ways to ensure that "hybrid" car owners pay their "fair share" of taxes for the miles they drive. That means allowing the taxman to catch up to hybrid owners just as often as he catches up to gas guzzling SUV drivers. And if Oregon goes ahead, it won't be long before other states follow."

And here's the best part.....................

"To administer this tax, a global positioning system would be mounted in each car. As a driver fuels up, the device would relay mileage information to the gas pump, which would calculate the VMT. A simple electronic odometer-reading device would do the trick, but Oregon is looking at GPS devices because they would also allow for charging higher VMT rates for miles driven in "congested" areas during rush hour or to exempt miles driven out of state."

Revolution is the only answer.....................

 

[dmcowen674]

Originally posted by: nergee
Oregon is considering a vehicle mileage tax on hybrids to make up for lost tax revenue.....

"As gas prices continue to top $2 a gallon, all those drivers of fuel-efficient cars may not have reason to gloat for much longer. Oregon is worried that too many Honda Insights and Toyota Priuses hitting the roads will rob it of the cash it expects out of its 24-cent-a-gallon tax. So the Beaver State is studying ways to ensure that "hybrid" car owners pay their "fair share" of taxes for the miles they drive. That means allowing the taxman to catch up to hybrid owners just as often as he catches up to gas guzzling SUV drivers. And if Oregon goes ahead, it won't be long before other states follow."

And here's the best part.....................

"To administer this tax, a global positioning system would be mounted in each car. As a driver fuels up, the device would relay mileage information to the gas pump, which would calculate the VMT. A simple electronic odometer-reading device would do the trick, but Oregon is looking at GPS devices because they would also allow for charging higher VMT rates for miles driven in "congested" areas during rush hour or to exempt miles driven out of state."

Revolution is the only answer.....................

Revolution is the only answer.....................

Inevitable at this rate and coming on fast

Sadly I just installed the Technology that makes the part about tracking whether you drove in congested areas or out of State

I can track anybody, anywhere, anytime.

 

[dmcowen674]

Hysterical

News must be slow now, making a huge deal out of a 6 cent drop in Gas prices and like I said Gas at just above $2 is now considered cheap Gas. Mission accomplished.

Interesting that Gas is slightly lower in very poor part of the Country in Mississippi. Gas is close to that price in Louisiana as well as Alabama.

Gets it's one of the only advantages to being in the poor depressed South Red States.

5-22-2005 Gas Prices Drop by Average of 6 Cents

The average gasoline price nationwide for all grades tumbled 6 cents in two weeks, continuing a slide in pump prices that began last month, an industry analyst said Sunday.

The most popular grade, self-serve regular, was priced at $2.15 a gallon

Average gasoline prices spiked 49 cents per gallon between Jan. 1 and April 8

The highest average gas price in the nation for regular unleaded among the stations surveyed was $2.51 a gallon in San Francisco. The lowest was $1.94 in Jackson, Miss.

 

[nergee]

Regular unlead in my town is $2.09 - $2.11 but I noticed on my way to work that it was $1.98 - $1.99 a couple
of towns over from me....nice little local gas war going on over there..................

 

[sonoma1993]

on friday the barrel of oil closed at $46.80 i think, so shouldnt gas prices be around $1.75 instead of $2.00+ So what taking so long for our gas prices to drop? they have no problem raising our gas prices asap when barrel of oil rasies 10 cents

 

[WiseOldDude]

It is called "marketing" are you just now figuring this out :Q

 

[EagleKeeper]

Originally posted by: sonoma1993
on friday the barrel of oil closed at $46.80 i think, so shouldnt gas prices be around $1.75 instead of $2.00+ So what taking so long for our gas prices to drop? they have no problem raising our gas prices asap when barrel of oil rasies 10 cents

Laws oif supply and demand.

Crude was already purchased at the higher price; That higher cost supply must be pruged out of the system first.

Then if the cost of Crude at the origin jumps, prices must be adjusted to take into account that it will cost more to replace what is currently in the system.

So say the price makers.

 

[dmcowen674]

Originally posted by: EagleKeeper

Originally posted by: sonoma1993
on friday the barrel of oil closed at $46.80 i think, so shouldnt gas prices be around $1.75 instead of $2.00+ So what taking so long for our gas prices to drop? they have no problem raising our gas prices asap when barrel of oil rasies 10 cents

Laws of supply and demand.

Crude was already purchased at the higher price; That higher cost supply must be purged out of the system first.

Then if the cost of Crude at the origin jumps, prices must be adjusted to take into account that it will cost more to replace what is currently in the system.

So say the price makers.

Still with the S&D BS eh?

How do you explain how they raise the prices instantly by leaps and bounds overnight or sometimes 2 and 3 times during one day when Oil per Barrel went up but yet when Oil falls takes months and they lower it by a penny at a time???

You can't use the argument that is what it cost them for that truck load because that does not expalin the multiple increases in one day, overnight and by as high as 30 cent jump in one clip.

 

[EagleKeeper]

Originally posted by: dmcowen674

Originally posted by: EagleKeeper

Originally posted by: sonoma1993
on friday the barrel of oil closed at $46.80 i think, so shouldnt gas prices be around $1.75 instead of $2.00+ So what taking so long for our gas prices to drop? they have no problem raising our gas prices asap when barrel of oil rasies 10 cents

Laws of supply and demand.

Crude was already purchased at the higher price; That higher cost supply must be purged out of the system first.

Then if the cost of Crude at the origin jumps, prices must be adjusted to take into account that it will cost more to replace what is currently in the system.

So say the price makers.

Still with the S&D BS eh?

How do you explain how they raise the prices instantly by leaps and bounds overnight or sometimes 2 and 3 times during one day when Oil per Barrel went up but yet when Oil falls takes months and they lower it by a penny at a time???

You can't use the argument that is what it cost them for that truck load because that does not expalin the multiple increases in one day, overnight and by as high as 30 cent jump in one clip.

Look at the rest of the explanation before you jump down the S&D path.

That may explain why you see the price fluctuations.

Anticipation is sweet!!

 

[dmcowen674]

Originally posted by: EagleKeeper

Originally posted by: dmcowen674

Originally posted by: EagleKeeper

Originally posted by: sonoma1993
on friday the barrel of oil closed at $46.80 i think, so shouldnt gas prices be around $1.75 instead of $2.00+ So what taking so long for our gas prices to drop? they have no problem raising our gas prices asap when barrel of oil rasies 10 cents

Laws of supply and demand.

Crude was already purchased at the higher price; That higher cost supply must be purged out of the system first.

Then if the cost of Crude at the origin jumps, prices must be adjusted to take into account that it will cost more to replace what is currently in the system.

So say the price makers.

Still with the S&D BS eh?

How do you explain how they raise the prices instantly by leaps and bounds overnight or sometimes 2 and 3 times during one day when Oil per Barrel went up but yet when Oil falls takes months and they lower it by a penny at a time???

You can't use the argument that is what it cost them for that truck load because that does not expalin the multiple increases in one day, overnight and by as high as 30 cent jump in one clip.

Look at the rest of the explanation before you jump down the S&D path.

That may explain why you see the price fluctuations.

Anticipation is sweet!!

I think you mean "speculation"???

Specuative fears, worries and legal price gouging is more like it.