mfeldstein
Champion Author
Ontario
Posts:1,659
Points:645,220
Joined:Feb 2007
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Message Posted: Aug 30, 2008 9:42:14 PM
Not only the oil companies and OPEC; the refineries also control supply and pricing.
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JoeKR
Champion Author
New Jersey
Posts:3,015
Points:771,875
Joined:Feb 2006
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Message Posted: Aug 30, 2008 1:31:26 PM
Business as usual! Hope this is the speculators last hurrah and the stations that have jumped their prices with no corresponding rise in their cost are left holding the bag.
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weenerdog
Champion Author
Detroit
Posts:2,812
Points:522,860
Joined:Jan 2008
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Message Posted: Aug 30, 2008 1:13:39 PM
They're surprised that gasoline supplies have been dropping too? If the demand is dropping and the supplies are also dropping, it's probably because companies have responded to the drop in demand by cutting back on production. No company is going keep piling on more surplus to their inventories, no matter what product they make.
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billy44bo
Champion Author
Mobile
Posts:2,155
Points:394,275
Joined:Feb 2008
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Message Posted: Aug 30, 2008 12:15:45 PM
they are going up on they gulf coast and some station are out of gas
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dabuzman
Champion Author
Seattle
Posts:2,164
Points:663,365
Joined:Apr 2006
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Message Posted: Aug 30, 2008 12:05:11 PM
Yap!
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letmathe
Champion Author
Chicago
Posts:8,055
Points:1,906,540
Joined:May 2001
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Message Posted: Aug 30, 2008 12:02:33 PM
ditto
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mrkel
Champion Author
Cincinnati
Posts:2,633
Points:1,024,710
Joined:Apr 2006
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Message Posted: Aug 30, 2008 11:58:24 AM
I'm surprised gas prices did not shoot up before the weekend and with the threat of Gustav causing possible havoc on the Gulf operations.
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LeeFree
Champion Author
Pittsburgh
Posts:2,411
Points:892,850
Joined:Jun 2005
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Message Posted: Aug 30, 2008 11:55:33 AM
That's because gasoline prices were artificially high and still are.
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travelzonecente
Champion Author
Riverside
Posts:1,601
Points:351,410
Joined:Jun 2008
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Message Posted: Aug 30, 2008 11:50:58 AM
It will go back up as soon as the elections are over.
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REVLAW
Champion Author
San Antonio
Posts:3,229
Points:611,215
Joined:Jul 2007
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Message Posted: Aug 30, 2008 11:49:46 AM
A poor guy was walking down the street the other day with a penny in his hand. Strange, a rich man was following closely watching the penny.
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woos777
Champion Author
Washington
Posts:2,611
Points:864,055
Joined:Sep 2006
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Message Posted: Aug 30, 2008 11:46:51 AM
Whatever it takes. Keep them falling
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HawaiianGuy
Champion Author
Idaho
Posts:2,501
Points:1,697,420
Joined:May 2003
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Message Posted: Aug 30, 2008 11:40:38 AM
Supply and demand doesn't seem to work anymore, at least not around hereabouts.
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pricechecker08
Champion Author
Ohio
Posts:2,063
Points:427,425
Joined:Jan 2008
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Message Posted: Aug 30, 2008 11:40:22 AM
I STILL SEE PRICES OVER 4 DOLLARS IN CALIFORNIA
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dreamweaver7050
Champion Author
Louisiana
Posts:1,174
Points:574,390
Joined:Sep 2006
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Message Posted: Aug 30, 2008 11:37:58 AM
going up
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GasholeMI
Champion Author
Lansing
Posts:3,072
Points:336,415
Joined:Jul 2008
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Message Posted: Aug 30, 2008 11:34:47 AM
They went up here a tiny bit and they are dropping already.
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DerHahn
Champion Author
Illinois
Posts:4,887
Points:724,470
Joined:May 2004
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Message Posted: Aug 30, 2008 11:34:20 AM
what does apply when it comes to gas? demand has dropped drastically yet prices have only "slipped" from the highs they reached.
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patbob56
Champion Author
Colorado Springs
Posts:2,875
Points:584,685
Joined:Apr 2006
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Message Posted: Aug 30, 2008 11:33:43 AM
prices are rising here
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ironbox_sara
Champion Author
Albany
Posts:2,622
Points:899,795
Joined:Mar 2006
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Message Posted: Aug 30, 2008 11:33:16 AM
Keep dropping.
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qwikss
Veteran Author
Phoenix
Posts:253
Points:82,745
Joined:May 2006
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Message Posted: Aug 30, 2008 11:24:34 AM
Old story
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Cuzilla
Champion Author
Indianapolis
Posts:6,910
Points:1,181,525
Joined:Sep 2005
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Message Posted: Aug 30, 2008 11:23:26 AM
Drop, drop, drop!!!
Drill, drill, drill!!!
Drill here, drill now, pay less!!!
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rbrowdersr
Champion Author
Detroit
Posts:1,973
Points:639,895
Joined:Aug 2006
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Message Posted: Aug 30, 2008 11:23:25 AM
Gas prices will rise by whatever means.
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coke_kid
All-Star Author
Chicago
Posts:843
Points:200,305
Joined:Nov 2005
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Message Posted: Aug 30, 2008 11:18:43 AM
Nice thought duriarte but too late at this point...I wish..
gas is no where near dropping fast or enough to please any of us..way tooooooo high.. still a buck higher than last year when we were upset over 3 bucks and still are..The US is in danger! while we let gas co corrupt us in the pocket..
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kevski
Champion Author
Oregon
Posts:2,684
Points:417,270
Joined:Feb 2008
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Message Posted: Aug 30, 2008 11:16:22 AM
big oil will find a way to jack prices
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murdershewrote
Champion Author
Riverside
Posts:2,651
Points:1,214,860
Joined:Mar 2005
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Message Posted: Aug 30, 2008 11:15:44 AM
lets see what happens now with ol' gustav...say he's a howling
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baddog58
Veteran Author
Texas
Posts:378
Points:174,280
Joined:May 2007
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Message Posted: Aug 30, 2008 11:14:48 AM
Labor Day weekend + start of school year will reverse the falling of prices...at least temporarily.
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duriarte
All-Star Author
Utah
Posts:888
Points:276,760
Joined:May 2008
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Message Posted: Aug 30, 2008 11:10:46 AM
We as a country are in big trouble if we think either of these political yahoos are going to do anything to help the common person. I think we need to start a grass roots movement to Vote For NONE OF THE ABOVE. Lets get some new candidates in there to run!
And if we don't like them, then we will keep voting NONE OF THE ABOVE until we get the right people to run.
Our Constitution states "WE THE PEOPLE", we need to take back this political process form the politicians
[Edited by: duriarte at 8/30/2008 11:15:19 AM EST]
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RdHogg
Champion Author
Houston
Posts:11,983
Points:1,518,645
Joined:Jun 2004
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Message Posted: Aug 30, 2008 11:08:19 AM
OK?
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Razzincain
Champion Author
Kansas
Posts:1,341
Points:667,420
Joined:Aug 2005
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Message Posted: Aug 30, 2008 11:05:07 AM
Lets all request a $1200 check in the mail like the Governor in Alaska did for her people. Then maybe all of us could take a short vacation.
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Wolfwings
Champion Author
Delaware
Posts:1,823
Points:423,850
Joined:May 2004
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Message Posted: Aug 30, 2008 11:03:59 AM
Last year, the price was $2.581. This year, almost $1.00 higher. When my social security check comes it does not reflect this jump. I will remember this each time I hear another lie from either of the politicians PROMISING to make MY life better in the next four years. I PROMISE!
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evasilion
All-Star Author
Virginia Beach
Posts:701
Points:132,320
Joined:Mar 2008
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Message Posted: Aug 30, 2008 11:03:58 AM
What?
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DTape
Rookie Author
Houston
Posts:98
Points:519,540
Joined:Dec 2005
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Message Posted: Aug 30, 2008 10:59:57 AM
Hmm again I agree this is OLD NEWS, but the reason SUPPLY has been FALLING is that REFINERIES HAVE BEEN CUTTING BACK ON PRODUCTION to try to sustain the higher prices.
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Prodaddy
Champion Author
Houston
Posts:2,380
Points:629,905
Joined:May 2007
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Message Posted: Aug 30, 2008 10:59:35 AM
maakes sense
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HEBster
Champion Author
Kentucky
Posts:1,911
Points:991,160
Joined:May 2006
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Message Posted: Aug 30, 2008 10:58:30 AM
What else is new???
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Parif
Champion Author
Virginia
Posts:1,123
Points:205,015
Joined:May 2008
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Message Posted: Aug 30, 2008 10:57:34 AM
everyone says this
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chas_commuter
All-Star Author
South Carolina
Posts:815
Points:203,785
Joined:Mar 2008
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Message Posted: Aug 30, 2008 10:56:50 AM
Blah blah blah, this is old news
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C4U
Champion Author
Salt Lake City
Posts:2,102
Points:394,985
Joined:May 2008
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Message Posted: Aug 30, 2008 10:56:46 AM
The drop is because as consumers continue to use less they buy less so if speculator want to speculate higher prices to get rich the consumer just buys less.
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ardmoretoday
Champion Author
Oklahoma
Posts:1,424
Points:569,265
Joined:May 2007
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Message Posted: Aug 30, 2008 10:48:38 AM
Old news
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Don20
Champion Author
Oklahoma City
Posts:2,632
Points:1,231,705
Joined:Mar 2005
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Message Posted: Aug 30, 2008 10:46:46 AM
If demand is down, so should the price.??
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WestsideGuyIN
All-Star Author
Indiana
Posts:872
Points:185,385
Joined:Aug 2007
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Message Posted: Aug 30, 2008 10:46:26 AM
Where did this person get her degree? This is one of the most poorly written articles I've ever read. Where's the flow and continuity leading to the conclusion?
In the end, usual factors do apply. Gas is expensive, people stop buying it. When companies artificially depress supply, people get angry and purchase even less. At some point, somethings gotta give. I for one believe the consumer will ultimately win.
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bbreff
Champion Author
Atlanta
Posts:3,172
Points:1,241,220
Joined:Jun 2005
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Message Posted: Aug 30, 2008 10:46:11 AM
OK
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Lengas
Champion Author
Gary
Posts:5,972
Points:1,324,200
Joined:Nov 2004
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Message Posted: Aug 30, 2008 10:44:25 AM
Its 25 to 30 cents a gloon cheaper in PA than at home.
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cantonbill
All-Star Author
Atlanta
Posts:532
Points:130,525
Joined:Mar 2008
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Message Posted: Aug 30, 2008 10:43:19 AM
I've always wondered why people will go to more expensive gas station when cheaper gas is right next door.
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rjb21760
Champion Author
Chicago
Posts:1,788
Points:605,970
Joined:Oct 2006
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Message Posted: Aug 30, 2008 10:42:41 AM
How do you factor in greed from speculators?
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EXTREMESNOW
Champion Author
Oregon
Posts:2,334
Points:531,210
Joined:Jul 2006
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Message Posted: Aug 30, 2008 10:41:47 AM
THEY HAVE CUT BACK ON PRODUCTION TO KEEP PRICES FROM PLUMMETING AT THE SAME RATE AS OIL.
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bluebird1
Champion Author
Toronto
Posts:8,508
Points:1,721,615
Joined:May 2004
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Message Posted: Aug 30, 2008 10:40:56 AM
Well cantonbill, I guess your prices haven't hit hard enough there then. You don't see that happening much anymore up here (except in case on discount cards) but we are at $5.85 /gal Cdn....and no our prices haven't been falling consistently at all & only 6-7 cents a Liter from the summer highs (high of 1.36/L, currenty 1.297/L).
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TTPDX
Sophomore Author
Portland
Posts:231
Points:42,795
Joined:Jan 2008
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Message Posted: Aug 30, 2008 10:38:59 AM
Since when was the 'free' market really free? The oil industry has been dominated by oligarchy since the 19th century-- whether in the West or the Middle East.
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mwhals
Champion Author
Charleston
Posts:6,267
Points:1,045,435
Joined:Jun 2006
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Message Posted: Aug 30, 2008 10:37:22 AM
There is no real rhyme or reason as to how gas prices are calculated any more.
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cantonbill
All-Star Author
Atlanta
Posts:532
Points:130,525
Joined:Mar 2008
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Message Posted: Aug 30, 2008 10:34:20 AM
People are stupid about buying the cheapest gas. We had a $.13/gallon differential in price between a name brand and a discount brand right next to one another and people were still filling up at the more expensive name brand station.
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cantonbill
All-Star Author
Atlanta
Posts:532
Points:130,525
Joined:Mar 2008
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Message Posted: Aug 30, 2008 10:31:56 AM
Why have supplies been falling if demand is down? This strikes me as an attempt to create artificial shortage and keep prices high.
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GasaHawg
All-Star Author
Texas
Posts:620
Points:125,770
Joined:Nov 2005
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Message Posted: Aug 30, 2008 10:31:43 AM
And why are the gas supplies dropping with less demand. So much for a free market.
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