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  #1  
Old 05-04-2007, 11:59 AM
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Default Soaring Gas Prices

Over here in SoCal, we are a few cents shy of paying $3.50 for regular. A new record high. It's been the same thing year after year. Gas prices soar to a new unbelievable amount due to "refinery problems" or "terrorism" or "war with Iran" or "hurricanes" and then and the end of the business year these same gas companies are posting record breaking profits.


Does anyone else see a pattern? Is anyone else sick of this? Am I missing something? Am I ignorant about this matter? Are you sick of me asking questions yet?
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  #2  
Old 05-04-2007, 12:11 PM
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Default

Yes, Yes, No, No, and No.
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  #3  
Old 05-04-2007, 12:16 PM
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Default

Gas just jumped to $3.20 here in So. Ohio, which I'm sure is a record. There blaming the high prices on "refinery disruptions" which are causing supply problems. Whatever!!! If gas prices are this high now, I hate to see what will happen if a major hurricane hits the Gulf again or terrorists blow up oil refineries.
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  #4  
Old 05-04-2007, 12:24 PM
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Default

Yikes!

It's still under $3.00 in my area, I am hoping it stays that way.
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  #5  
Old 05-04-2007, 06:45 PM
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Default

Gas is at 2.95 here in Mass.

New types of gas formulations and additives are a huge cause of high base prices on fuel. In other words, the EPA isn't helping any to keep prices under control. I work on engines for a living and see on a daily basis the damage these additives do to electronic injection and especially carburated systems all in the name of this carbon footprint crap.
Gasoline producers have to balance the cost of fuel based not only on the market but also meeting emissions standards set down by the EPA. Everyone wants cleaner fuel but are unwilling to pay for the cost of chemical additives and processes required to make it. Blaming "The Man" is just all the rage.
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  #6  
Old 05-04-2007, 07:11 PM
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$3.20, here, which is the highest I've ever seen it.

How high do you think it will have to get before people just say. "Screw it." and use bikes?
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  #7  
Old 05-04-2007, 07:15 PM
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Quote:
Originally Posted by Prometheus View Post
$3.20, here, which is the highest I've ever seen it.

How high do you think it will have to get before people just say. "Screw it." and use bikes?
For some of us that just isn't an option. As much as I'd like to be a machine, I can't bike 30 miles to school every day. It's not even practical for me to bike 15 miles to the grocery store.
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Old 05-04-2007, 07:20 PM
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Gas follows the same laws of supply and demand as everything else. People drive more in the summer, especially long distances, so it's easy to charge people more.
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  #9  
Old 05-05-2007, 03:23 AM
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According to my boss at the gas station I used to work at;
"Gas prices at set by the stock market's current price for oil, and a gas station charges just enough to refill the fuel supplies."
It does make since that you have to charge enough to refill the supplies, and keep it as low as possibly to draw in customers.
With the large oil deposit being discovered in China, gas should be droping, not rising.
Gas was around 2.90 only a few days ago, and now sits at 3.40 at some places. Someone's gotta be making a profit.
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  #10