Diesel & Gas Prices Shooting through the roof again!

[john3976]

Well I see the oil company's are raising prices like no tomorrow again.



I bet the oil company's record their third straight quarter of record profits.



Has everyones pay went up as fast as these out of control fuel prices to counter their effect?



Regular gas is at 2. 59 a gallon this morning and Diesel is at 2. 69 to 2. 79 at the stations around me.



I also read in the news this last week that oil has dropped below 60. 00 dollars a barrel for the first time in a long time yet all of the sudden oil prices are sky rocketing.



It just burns me up that the oil industry is making RECORD PROFITS, each quarter now.



Stop and think a moment what that means, RECORD PROFITS, each quarter, that means they are making more and more money even when the cost of oil is going down.



Maybe it is time to run the republicans out of office, and I am a republican.

 

[Nate]

I'd like to see the government step in and put some kind of cap on the prices. I'm sick and tired of the aggressive price fluxuations and gouging.



I mean here in Mountain Home, the cheapest place is 2. 67, most expensive is 2. 89. That doesn't even make sense, 0. 22 a gallon more! That's price gouging if I've ever seen it.

 

[Headshot zod]

Oil closed yesterday around $63. 00 a barrel. With problems in Nigeria, Iraq and Iran you can expect a jump of around . 20-. 25 a gallon over the next few days.



If you don't like oil companies don't buy their fuel or least buy less of it. Its that simple you own a diesel you actually have a cloice. And Bush will give you money back for using Biodiesel. I think for the next few years I'll post a copy of my check when I file and get it.

 

[john3976]

Oil closed yesterday at around $63. 00 dollars a barrel you say.



OK, so why the big jump in prices? Oil has been in the 61 to 65 dollar range for months, and yes last week it did close just under $60. 00 a barrel, so again I ask you why the big jump, you say I can look forward to another . 25 cents a gallon over the next few days? Gee that is so nice of the oil company's to rape us all like that, lets see using your new adjustment that means I should see diesel fuel selling at $2. 94 to $3. 04 a gallon in the next few days.



Yep I can see another record quarter of profits for the oil barons!



Hold on to your pocket book people we are not even into the summer driving season yet and we are looking at $3. 00 dollar a gallon diesel fuel, wait until the prices jump up again for the summer driving season, lets see $3. 04 now, add another good . 20 to . 25 cents a gallon on top of that and you are at $3. 24 to $3. 39 a gallon and you say there is no price gouging going on?

 

[john3976]

I'd like to see the government step in and put some kind of cap on the prices. I'm sick and tired of the aggressive price fluxuations and gouging.



I mean here in Mountain Home, the cheapest place is 2. 67, most expensive is 2. 89. That doesn't even make sense, 0. 22 a gallon more! That's price gouging if I've ever seen it.

At one point last year I saw price differences of up . 50 cents a gallon on diesel fuel.



But according to our fine attorney general in the State of Florida there was no price gouging going on.



Face it our government has become nothing but a joke these days, it is no longer "Of the people, By the people, For the people", instead it is all for the politicians at the expense of the American people!

 

[john3976]

Current gas prices up to date.



PETROLEUM ($/bbl)

PRICE* CHANGE % CHANGE TIME

Nymex Crude Future 63. 25 -. 33 -. 52 11:22

IPE Crude Future 63. 62 -. 59 -. 92 11:43

Dated Brent Spot 63. 13 -. 56 -. 88 11:54

WTI Cushing Spot 63. 60 . 02 . 03 10:20





PETROLEUM (¢/gal)

PRICE* CHANGE % CHANGE TIME

Nymex Heating Oil Future 180. 70 -. 55 -. 30 11:23

Nymex Gasoline Future 185. 50 -1. 94 -1. 04 11:22

 

[rteig]

Oil Companies and Bio-Diesel

It's pretty bad when you think that anything under $2. 50/gallon is a good deal it is currently $2. 69/gallon here. I keep thinking that the Bio-Diesel is the way to go and then I read on the Carson Dodge Web site that Cummins won't warranty anything over 5% Bio (if I read that right). I think that the Bio-fuels would be the greatest thing since sliced bread if we can get them to work and can keep the costs down. Why don't we take a pile of the foreign aid money and put it into Bio-fuel R&D? Not to get to political here but we need to flood the politcal staff's inboxes with complaints from Congressional staff to, Governor's, to local delegations and not let up. I have sent my fair share but it takes more than a handful of people complaining to get their attention... ... .

 

[DonTX]

John: I have a daughter liviing in Cape Coral FL, you have my profound sympathy!

 

[john3976]

John: I have a daughter living in Cape Coral FL, you have my profound sympathy!

I am in Homestead at the moment waiting for a transfer back home, but my wife is in our house in Cape Coral, and she called me two days ago asking about the raising gas prices and wondering if they were going up here in Homestead as well.



If the oil company's were not raking in record profits each quarter while trying to pass themselves off as being fair and how they deserve to be making such obscene profits, maybe we could understand, but when they are making profits larger then they ever have in history and each quarter they keep breaking new records for higher profits, well that is what makes me madder then heck!



We all know it not because of more demand, demand has been down yet they keep raising prices.



I know someone will be in here soon with how the oil company's are only making 10% profit and how that is a standard norm, but when you are making so much money that the 10% becomes obscenely high then the percent that is fair needs to be lowered.



After all just how much money do they need? I sure don't see them or even hear about them searching for any new types of energy sources. I don't see them jumping on the bio diesel band wagon.



I have written my congress men and women and my state reps as well but like the one poster said they don't care if only a few people write, they need to get flooded with letters and phone calls to start to think about curing the problem.

 

[Tinman]

LOL. Some of these comment are so ludicrous, I can't help but laugh. But it's sad really. Where do I start.



There is a difference in profits and profit MARGIN. Profit margins haven't changed for the oil companies. Won't expect those educated in a government schools to know the difference.



You want the government to step in a cap prices? I believe you can read more about that in something called the Communist Manifesto by Carl Marx. Obviously, anyone that has that notion doesn't want to live in a free country (which none of us do), nor do they want to be free. I might suggest France.



One of the main reasons of for high prices, government regulation.



The oil is the oil companies property. They can sell in to you for what they want. You don't have a right to cheap fuel. If you don't like the price, don't by it.



How can anyone on this board driving a over powered (many times bombed), too big, ego feeding, toy of a truck (me included :-laf ) complain about fuel prices. Get a TDI. Walk, ride a bike. If you must have a big truck for business, then that's just an operating expense. Many operating cost are going up for a lot of reasons.



Define price gouging. It doesn't exist. If the demand supports the price, then so be it.



Fuels not in more demand. Are you serious? Have you seen a population curve for our planet?



If you really think oil companies are raking in the money and raping us all on fuel prices, then you should have every last cent invested in some or all the oil companies. If you don't, then you either don't believe what you are saying or you just don't like making money.



No, I don't work for an oil company or any big business. No, I don't like these high prices. I don't like big business. I really don't like it when big business "buys" political favors to their benefit. I realize high fuel is a fact of life now for many reasons and I'll deal with it, not ***** about it. I'm really getting sick and tired of all you fussing about fuel prices. DEAL WITH IT. It's not going away. And there is a word for those that want the "government to do something about it; it's called socialism. There, that ought to stir the puddin' a little.

 

[biggy238]

They seem to be ignoring the slumping auto sales... .

 

[john3976]

LOL. Some of these comment are so ludicrous, I can't help but laugh. But it's sad really. Where do I start.



There is a difference in profits and profit MARGIN. Profit margins haven't changed for the oil companies. Won't expect those educated in a government schools to know the difference.



You want the government to step in a cap prices? I believe you can read more about that in something called the Communist Manifesto by Carl Marx. Obviously, anyone that has that notion doesn't want to live in a free country (which none of us do), nor do they want to be free. I might suggest France.



One of the main reasons of for high prices, government regulation.



The oil is the oil companies property. They can sell in to you for what they want. You don't have a right to cheap fuel. If you don't like the price, don't by it.



How can anyone on this board driving a over powered (many times bombed), too big, ego feeding, toy of a truck (me included :-laf ) complain about fuel prices. Get a TDI. Walk, ride a bike. If you must have a big truck for business, then that's just an operating expense. Many operating cost are going up for a lot of reasons.



Define price gouging. It doesn't exist. If the demand supports the price, then so be it.



Fuels not in more demand. Are you serious? Have you seen a population curve for our planet?



If you really think oil companies are raking in the money and raping us all on fuel prices, then you should have every last cent invested in some or all the oil companies. If you don't, then you either don't believe what you are saying or you just don't like making money.



No, I don't work for an oil company or any big business. No, I don't like these high prices. I don't like big business. I really don't like it when big business "buys" political favors to their benefit. I realize high fuel is a fact of life now for many reasons and I'll deal with it, not ***** about it. I'm really getting sick and tired of all you fussing about fuel prices. DEAL WITH IT. It's not going away. And there is a word for those that want the "government to do something about it; it's called socialism. There, that ought to stir the puddin' a little.

LOL, I always get a kick out of people like you, don't you see that you are just the type of person the oil company's are hoping for?



They raise the price and you just stick your head farther ... ... in the sand!



It has been reported that consumer demand has been down this past year, so your whole argument is moot.



Company's are entitled to a fair profit, at no time in history has the oil company's ever made profits as big and obscene as we have seen the last two quarters and I bet you next quarter as well.



But hey lets do it your way and just gouge every one and just maybe we can cause the United States of America to fall into another 1930's era depression.



You don't think it can happen, well gee I bet every one who was living in the roaring twenty's thought it could not happen back then either, but it did.



Just keep pricing everything into the sky and you to will find out the hard way.



May I suggest a very good movie for you to watch that deals with the life of a man who lived through the depression, he was very well off and invested his earnings yet he lost everything. "Cinderella Man", it just might open your eyes to what can happen in life.

 

[john3976]

TinMan would you call sixty cents a gallon difference price gouging?



http://www.miamigasprices.com/index.aspx?s=Y&fuel=D&area=All Areas&tme_limit=48



Low price in Broward county $2. 39



Highest price Dade county $2. 99



How about a three year average to see just how we have been taken to the cleaners: http://www.miamigasprices.com/retail_price_chart.aspx



Lets see at $1. 02 every three years added to the current $2. 52 average which is low in my area, in just 12 years we can expect to be paying about $6. 60 a gallon, whoo hoo I can't wait for that, a fill up of 35 gallons costing $231. 00, man I can't wait how about you?

 

[john3976]

I forgot to add in price increases of the price increase.



Current year $2. 52 x 35 = $88. 20



3 years later $3. 79 x 35 = $132. 65



6 years later $5. 31 x 35 = $185. 85



9 years later $7. 08 x 35 = $247. 80



12 years later $9. 10 x 35 = $ 318. 50



Very real numbers and may be what we are looking to in the near future. :--)



The time to act is now.



By the way I only used . 25 cents extra each three year period added to the $1. 02 that I got from the last three year period. So I am still low on my estimate.

 

[Dieselnut59]

LOL. Some of these comment are so ludicrous, I can't help but laugh. But it's sad really. Where do I start.



There is a difference in profits and profit MARGIN. Profit margins haven't changed for the oil companies. Won't expect those educated in a government schools to know the difference.



You want the government to step in a cap prices? I believe you can read more about that in something called the Communist Manifesto by Carl Marx. Obviously, anyone that has that notion doesn't want to live in a free country (which none of us do), nor do they want to be free. I might suggest France.



One of the main reasons of for high prices, government regulation.



The oil is the oil companies property. They can sell in to you for what they want. You don't have a right to cheap fuel. If you don't like the price, don't by it.



How can anyone on this board driving a over powered (many times bombed), too big, ego feeding, toy of a truck (me included :-laf ) complain about fuel prices. Get a TDI. Walk, ride a bike. If you must have a big truck for business, then that's just an operating expense. Many operating cost are going up for a lot of reasons.



Define price gouging. It doesn't exist. If the demand supports the price, then so be it.



Fuels not in more demand. Are you serious? Have you seen a population curve for our planet?



If you really think oil companies are raking in the money and raping us all on fuel prices, then you should have every last cent invested in some or all the oil companies. If you don't, then you either don't believe what you are saying or you just don't like making money.



No, I don't work for an oil company or any big business. No, I don't like these high prices. I don't like big business. I really don't like it when big business "buys" political favors to their benefit. I realize high fuel is a fact of life now for many reasons and I'll deal with it, not ***** about it. I'm really getting sick and tired of all you fussing about fuel prices. DEAL WITH IT. It's not going away. And there is a word for those that want the "government to do something about it; it's called socialism. There, that ought to stir the puddin' a little.

Tinman, FINALLY someone with some economic sense. This is PRIVATE INDUSTRY. In private industry, if something sells at a certain price (usually due to high demand and short supply), why would someone cut their price "just for the heck of it"? When government steps in and "caps" prices, it ruins the law of supply and demand. Our beloved Georgia governor did just that and Georgia went from having the nation's lowest fuel prices to now being in about the average. If you have government takeover of private industry, it becomes socialism. Nobody likes high fuel prices, but face it: demand is going up and supply is limited, so the prices are going to be high. There is a HUGE difference in a profit and a profit margin. Government schools do not teach economics, so not many people understand the principals of how private industry is run. There is not a single thing the government can do that private industry can't do better. If you think fuel prices are outragous now, let the government take it over like some other countries do. Our fuel prices in this country are the lowest in the world. Why? It is due to private industry, the free market and the law of supply and demand.

The scenerio another guy mentioned, where one station is 20 some cents a gallon more than others, well that goes on around here too... and ya know what: the guy with the 20 some cent a gallon higher fuel still sells his fuel. If it were not selling, the demand would go down and therefore so would the price. Competition drives down price and if his fuel is not selling, he will bring his price closer to the lower priced competition. If is is selling, why would he shoot himself in the foot and lower his price for no reason?

The government needs to STAY OUT of private industry if we are to remain a free market.

Besides the actual cost of the crude, TAXES make up the majority of the expense in fuel price. The government makes more off a gallon of fuel than the oil company or the retailer. Taxes are based on a percent of the dollar. If the govenrment makes 7% on sales tax, they would make 7 cents on a gallon of fuel priced at $1. 00/gallon at the pump. If the price rises to $3. 00/gallon, the government is now making 21 cents on that same gallon of fuel and that is just sales tax. There is also fuel tax. If anything is a ripoff, it is what the GOVERNMENT does!! You shall know the TRUTH and the TRUTH shall make you MAD!!

 

[john3976]

Tinman, FINALLY someone with some economic sense. This is PRIVATE INDUSTRY. In private industry, if something sells at a certain price (usually due to high demand and short supply), why would someone cut their price "just for the heck of it"? When government steps in and "caps" prices, it ruins the law of supply and demand. Our beloved Georgia governor did just that and Georgia went from having the nation's lowest fuel prices to now being in about the average. If you have government takeover of private industry, it becomes socialism. Nobody likes high fuel prices, but face it: demand is going up and supply is limited, so the prices are going to be high. There is a HUGE difference in a profit and a profit margin. Government schools do not teach economics, so not many people understand the principals of how private industry is run. There is not a single thing the government can do that private industry can't do better. If you think fuel prices are outragous now, let the government take it over like some other countries do. Our fuel prices in this country are the lowest in the world. Why? It is due to private industry, the free market and the law of supply and demand.

The scenerio another guy mentioned, where one station is 20 some cents a gallon more than others, well that goes on around here too... and ya know what: the guy with the 20 some cent a gallon higher fuel still sells his fuel. If it were not selling, the demand would go down and therefore so would the price. Competition drives down price and if his fuel is not selling, he will bring his price closer to the lower priced competition. If is is selling, why would he shoot himself in the foot and lower his price for no reason?

The government needs to STAY OUT of private industry if we are to remain a free market.

Besides the actual cost of the crude, TAXES make up the majority of the expense in fuel price. The government makes more off a gallon of fuel than the oil company or the retailer.

You know what they say, "A Fool and His Money are Soon Parted".



Our economy cannot withstand the direction prices are going. You don't seem to understand that if you break the back of the working man you break the back of the country and that my friend will lead to depression.



You day traders will all be just as broke as the working man at that point, the only difference is the working man will be able to pull out of the depression while all of you day traders with no real skills will be left behind.

 

[john3976]

DieselNut59 I have question for you, Diesel has been around for years what has improved in diesel fuel to justify these high prices?



Your truck will not travel any farther then it did in the past, it does not run any better, in fact there really have been no real improvements at all that benefit the consumer.



Low sulfur is about the only thing happening and that does nothing to add to the durability of the engines and adds no extra fuel mileage. If anything the changes made to diesel fuel have hurt mileage so we are not only being penalized by price but with a product that does not perform as well as in the past.



I see no advantages to justify any price increases.



Your statement of just don't buy it really shows how much you fail to see the light.



Fuel is something that we need it is not something you can just stop buying.



People have to go to the store to buy food, go to the doctor, go to work, ect.



going back to the horse and buggy days is no longer an option.



By the way Gas in Iraq is . 05 cents a gallon, the united states is no where near the cheapest fuel in the world. The reason fuel cost so much in other parts of the world is due to being taxed to death not because the fuel costs any more.

 

[john3976]

Here are some real fuel prices and break downs from overseas:



http://www2.exxonmobil.com/files/PA/UK/uk_pump_prices.pdf

 

[Dieselnut59]

DieselNut59 I have question for you, Diesel has been around for years what has improved in diesel fuel to justify these high prices?



Your truck will not travel any farther then it did in the past, it does not run any better, in fact there really have been no real improvements at all that benefit the consumer.



Low sulfur is about the only thing happening and that does nothing to add to the durability of the engines and adds no extra fuel mileage. If anything the changes made to diesel fuel have hurt mileage so we are not only being penalized by price but with a product that does not perform as well as in the past.



I see no advantages to justify any price increases.



Your statement of just don't buy it really shows how much you fail to see the light.



Fuel is something that we need it is not something you can just stop buying.



People have to go to the store to buy food, go to the doctor, go to work, ect.



going back to the horse and buggy days is no longer an option.



By the way Gas in Iraq is . 05 cents a gallon, the united states is no where near the cheapest fuel in the world. The reason fuel cost so much in other parts of the world is due to being taxed to death not because the fuel costs any more.

I never had a statement of "just don't buy it", although you can buy LESS of it if the price is a huge issue. That, in turn would make demand go down, which would lower the price in the long run.

You just don't understand the law of supply and demand. The price is higher, not because of the quality of the fuel being any better, but because supply is down in relation to demand. Our refineries are maxed out, our oil supply is shady. If we want action, we need more domestic refineries, more domestic drilling, as well as alternative fuels. The prices are also higher due to inflation. Any growing economy has inflation. You used to be able to buy a pickup truck new for $1000 or a house new for $10,000. Fuel prices, like the price of any other good, have gone up due to inflation.

As for the "day trader" comment, well you obviously do not know me. I am a very hard worker, but with blue collar and white collar skills. I help run our family forklift and material handling equipment sales/service business, as well as work on the equipment (mechanic) and do electrical maintenance (electrician) for several warehouses and local companies on the weekends. If the bottom falls out of the economy or if we lose our business, I will find work. I am a hard worker and not some button pushing "day trader". It takes quite a lot of skill to run a business, which is also something you must know nothing about. Keep on depending on the good ole government to take care of you! Thankfully, due to good management and skills our business has done well. The fuel prices have been felt by us too. Some of the cost is directly passed on to the customer and some of it is indirect or just soaked up by the company profit margin. We have a fleet of four Dodge/Cummins trucks, as well as a gasoline powered delivery truck, so it bites us hard too. Unlike most people who want to bash private industry when prices get to what they feel are "too high", I understand economics and would much rather ANYTHING be handled by the private sector than the government. Yes, this even includes education, which, if done in the private sector, would eleminate this total lack of understanding of economics and what influences the price of a good or service.

 

[john3976]

You like to reply with the quote "economics" yet you fail to have an answer for the economic impact of the raise in fuel prices that I put together covering a 12 year period. Why do you avoid that?



I took real numbers from the last three years and was conservative in my adjustments for the following three year periods covering the next 12 years.



Further more demand for fuel has been down this year from years past, not up as you want to present.



In fact demand is so low in the United States that we are shipping our excess diesel fuel to other countries who will pay more for it. If we kept our fuel here the price could be lower, can you say price controlling by the oil company's?



By the way this has all been reported in the news this past year.