Explanation for High Fuel Prices

[john3976]

Well as Yogi said "It's Deja Vu All Over Again", the oil companies are gaming the supply system again, they didn't learn anything from 'Enron', see article>

It was bad enough that the CEO of Exxon/Mobil retired with a $60 million pension and a $96 million bonus at our expense, but now they're sticking it to us again!



http://www.consumerwatchdog.org/energy/pr/?postId=6144



:{ Oo.

But Dowg says Big Oil is being fair and we should be thankful to Big Oil but I found evidence that does not support Dowgs statement:



On August 8, for example, the price of gas in the US, without taxes, would be $2. 17, instead of $2. 56; in Britain, it would be $1. 97, instead of $6. 06.



America = 2. 17



Britain = 1. 97



Please do explain Dowg once more how Big Oil is not raping the America Public!

 

[Jumbo Jet]

Go check world wide fuel prices here -



http://money.cnn.com/pf/features/lists/global_gasprices/

 

[john3976]

In a few Latin America and Middle-East nations, such as Venezuela and Saudi Arabia, oil is produced by a government-owned company and local gasoline prices are kept low as a benefit to the nation's citizens, he said. All prices updated March, 2005.



To bad the Big Oil companies would fight this tooth and nail. My god, take care of our citizens, that would be a first.

 

[john3976]

Big Oil sticking it to us again:



NEWS RELEASE

April 21, 2006



CONTACT: Judy Dugan (310) 392-0522 ext. 305 & Jamie Court, ext. 327



California Refiners Export Gasoline as Prices Zoom Statewide;

Price Manipulation Charged By Consumer Advocates

Santa Monica, CA -- A consumer group called on state legislators to respond to new state government data showing oil companies are slowing production and exporting supply to drive up the price of gasoline. The Foundation for Taxpayer and Consumer Rights (FTCR) called on legislative leaders and the Governor to immediately consider regulation of the state¿s refiners by the public utilities commission and pass legislation returning windfall profits to motorists via rebate.



Read FTCR's report with details on some of these proposals.



The California Energy Commission reported this week that oil refineries in the state produced 10. 3% less gasoline and diesel fuel week-to-week for use in-state, "tightening the market and causing spot prices for California-use gasoline to jump 22 cents between April 10 and April 17. "



Not only was less fuel produced overall, but some refiners switched production from California¿s low-smog gasoline formula to gasoline for other states including Arizona, Nevada and Oregon. The supply of export gasoline increased by a startling 38. 5%.

 

[george]

What amazes me is the price we pay for bottled water! We pay more for water than we do gas & fuel, but nobody thinks paying $4 a gal for water in small convient 20 oz bottles is greedy

What knucklehead would pay $4 for a gallon of water?

 

[WyattEarp]

Saw yesterday watching CNN pple across the country are pawning possessions for gas money, this is just Pathetic to no end if you ask me... And last year the United states was given the opportunity to have all the gas they wanted imported from Venezuala for practically nothing on the dollar, would have driven gas prices down below 1. 00 here in the states but the Gov't here said no... makes you wonder don't it... And now Bush said a few days ago that the high fuel prices were like an extra tax on the working class, Hello where the hell has he been for the past 2. 5 yrs??? Now all of a sudden the high gas prices are hurting america... Its been hitting me hard for going on 3yrs now, don't know about the rest of you... .

 

[RustyJC]

And last year the United states was given the opportunity to have all the gas they wanted imported from Venezuala for practically nothing on the dollar, would have driven gas prices down below 1. 00 here in the states but the Gov't here said no.

Do you have a credible cite for this?



Rusty

 

[nps]

Do you have a credible cite for this?



Rusty

Probably not, but it sure sounded good huh.

 

[WyattEarp]

same place that i saw where pple are pawning the valuables for gas( which was ran yesterday), its called CNN, don't know how more credible a *S*ite you can get.

 

[RustyJC]

Want to post a link to it? You see, if I believed that Chavez had any concern about the typical American consumer (and I don't - he's virulently anti-American), Citgo is a wholly-owned subsidiary of Petroleos de Venezuela, SA (PdVSA), the Venezuelan state-owned oil company. Citgo has refining capacity and retail operations in the United States. So, why didn't Citgo just drop their price to $1. 00/gallon if they wanted to flood the U. S. market with cheap gasoline?



Oh, and "C"ite is the correct word in my application - check it out - definitions #2 and #4 below.



Main Entry: cite

Pronunciation: 'sIt

Function: transitive verb

Inflected Form(s): cit·ed; cit·ing

Etymology: Middle French citer to cite, summon, from Latin citare to put in motion, rouse, summon, from frequentative of ciEre to stir, move -- more at -KINESIS

1 : to call upon officially or authoritatively to appear (as before a court)

2 : to quote by way of example, authority, or proof

3 a : to refer to; especially : to mention formally in commendation or praise b : to name in a citation

4 : to bring forward or call to another's attention especially as an example, proof, or precedent

synonym see SUMMON

- cit·able /'sI-t&-b&l/ adjective



Rusty

 

[nps]

same place that i saw where pple are pawning the valuables for gas( which was ran yesterday), its called CNN, don't know how more credible a *S*ite you can get.

Hummm..... on CNN only one article from the last few days mentions Venezuela, an it references a quote that suggests they are guilty of violating anti-trust laws. Long way away from free oil.

Specter said that after the chief executives of top oil companies testified in Congress last month, he has co-sponsored legislation that would, in part, "make the OPEC countries, Saudi Arabia and Venezuela and the other countries, subject to our antitrust laws. "



"They get together, reduce the supply of oil, and that drives up prices," he said.

 

[Hohn]

My dad has a Sinclair card that he uses whenever he can. The discount increases as the price of fuel increases, but it's weighted in the buyers favor as the price goes higher. It's not just a straight percentage, the percentage goes up as fuel goes up. Right now I think it may be capped at $0. 14/gal. That's a pretty good discount. Comes off right at the cashier, no waiting for a refund.

My normal business doesn't take me past any Sinclair's so I don't have one. I'm pretty sure there is an annual fee, but it's easily made up.

I bought a bigger trailer and lucked out. I get the same mileage pulling 15-20% more. Eliminated a load a week. That alone is almost making the trailer payment. I probably shouldn't mention that the extra weight is probably gonna shorten my trucks useful life and increase repair costs...

I am currently running B20. It's not THE answer, but it will certainly help.

I buy Mobile fuel. I don't like Exxon Mobile, but the only other option is Cenex. Good fuel, but they're no different. Besides, the Mobile guy is an INDEPENDENT reseller and is a pretty good guy. I look at it as giving him my business, not Mobile. Kinda splitting hairs, but it works. He's also a huge supporter of Biodiesel, running B20-25 in his own rigs.

That wouldn't be the same Sinclair involved in the Teapot Dome Scandal during the Harding administration, would it?


Folks, freedom isn't free. Yes, it's often applied to the military service, but let's think of it economically.


We are "Free" as of late to drive much faster on the interstates than ever before. I remember 55 on the interstates, and then how everyone CHEERED when JUST the interstates were raised to 65.

Now we generally cruise at 80 (or higher ) in a 75mph zone and THEN complain about high fuel prices.


Not only are we driving faster, but we are driving boxlike SUVs that are less aerodynamic. This inflicts on us a double penalty.


Compare the fuel economy of a Honda Accord @ 55mph to a Ford Escape at 75mph. The Escape has a little more space (not much), but at what price? What about the speed difference?



In my own experience, I've seen extreme cases of mpg variance based on steady hwy speed.

In one case, I had mattresses in the back of the truck, and had to "make time" with pregnant wife on a long Interstate run in teen-temp weather. First fill up was a heart stopping 14. 5mpg! I've gotten better towing!

Opposite extreme: I had to drive for an extended period at just 52mph because of icy roads. I had 4x4 locked in the whole time. MPG? An astounding 24. 5mpg.

So, i've PERSONALLY seen about 10mpg variance based just on driving speed.


Now, what if I weren't driving my truck, but instead driving a compact car? Could it be the difference between 30 and 40mpg?


What I find amusing is that people will complain about the high price of FUEL, but rarely do we hear complaints about the high price of the new CAR.


By my reasoning, if you can afford a $50K truck, you can afford fuel for it. If you can't afford the fuel, you should have bought a late model used truck for a lot less.




There are very few people that actually have credibility in complaining about high fuel prices, and I can assure you that the guy driving the H2 well over the speed limit is NOT one of them!!

Justin

 

[Hohn]

same place that i saw where pple are pawning the valuables for gas( which was ran yesterday), its called CNN, don't know how more credible a *S*ite you can get.

Cite: citation, reference, documentation
Site: location (web SITE, contruction SITE)
Sight: the sense of vision


C'mon people-- get your own "poop in a group" before correcting others.

(**Hypocrisy disclaimer**) Not that I'm any less guilty of it

 

[WyattEarp]

nps the yesteday CNN was about pple pawning their valuables for gas, the Venezuala giving gas to the US. was mid last year. And i did expect some to criticize me for what i post, imagine that. I was throwing it out there for the better lack of conversation on the subject not to be scrutinized by some on what i posted. If some are this smart on the subject why haven't they come forward with a idea to help solve the problem at hand...

As for driving slower, 45mph on the highway and im tacking on an extra 100+ miles on a tank, makes a difference that is for sure, but im venturing into the veggie oil and when completely set up, i could care less if the station nearby is $4. 00 for fuel or gas.

 

[PKitzman]

Ran a quick test yesterday to see what my mpg were at different speeds (actually I was checking to see if I would get better or worse mpg with and without the Rocktech sensor).



16-17 mpg running at 75 mph.

22-23 mpg running at 54 mph.



BTW the Rocktech sensor helped by 0. 5 mpg (not much difference, but then again it doesn't cost too much either)



My point is that our fuel pinch costs could easily be put to rest by lowing the speed limit. Even cutting it to just 65 mph would save millions of gallons per day and send fuel prices down hill.



The problem is if prices go back down right away, everybody will forget about fuel efficiency and go back to buying gas guzzlers. The longer the gas prices stay high the more we will be forced to go down the road toward oil independence.

 

[RustyJC]

... the Venezuala giving gas to the US. was mid last year. And i did expect some to criticize me for what i post, imagine that. I was throwing it out there for the better lack of conversation on the subject not to be scrutinized by some on what i posted... .

So I take it that you don't have a cite for your allegation?



Rusty

 

[MCummings]

But Dowg says Big Oil is being fair and we should be thankful to Big Oil but I found evidence that does not support Dowgs statement:



On August 8, for example, the price of gas in the US, without taxes, would be $2. 17, instead of $2. 56; in Britain, it would be $1. 97, instead of $6. 06.



America = 2. 17



Britain = 1. 97



Please do explain Dowg once more how Big Oil is not raping the America Public!

Big Oil IS being fair. Selling Crude at market prices. Just like other traded commodities... It's the nature of the beast... . Soon it will go down when the crude oil prices fall because America starts using less fuel,, unless government steps in first... (not good)





Merrick

 

[JFaulkner]

Big Oil IS being fair. Selling Crude at market prices. Just like other traded commodities... It's the nature of the beast... . Soon it will go down when the crude oil prices fall because America starts using less fuel,, unless government steps in first... (not good)





Merrick

Your wasting your time, most Americans don't understand the free market system, and the capitalism theory. According to Gene Henssler, President of the Henssler Financial Group, refiners are making $0. 09 per gallon or 6 to 7%. While Procter & Gamble are operating off of a 21% profit margin, Pepsi 23. 5%. I want to see some small business owners on here say openly that they want regulations put on them limiting the amount of profit they can make. The price of commodities are limited to only what the market will allow. Right now due to the high demand (US and not to mention developing countries i. e. China) and low supply (switching to summer blends) the price can and will go up!

By my reasoning, if you can afford a $50K truck, you can afford fuel for it. If you can't afford the fuel, you should have bought a late model used truck for a lot less.

How dare you even suggest that people stop living above their means! :-laf

same place that i saw where pple are pawning the valuables for gas( which was ran yesterday), its called CNN, don't know how more credible a *S*ite you can get.

Pawning valuables? Please! Don't believe everything you see on TV. They probably looked and looked to find someone that would say that on camera. News organizations only report on things that make ratings. It's all political... CNN=Ted Turner

 

[macdaddy]

I believe you spelled that word wrong, it's actually spelled JEALOUSY!



It could also be spelled CAPITALISM!



But I guess greed works for the un-informed. If this guy would have ran a computer company, or one that made cheese no one would have even thought about it. But since he worked for a company that he helped make very successful which just happens to refine oil it's a big deal only because it effects you. Amazing!



The real "Explanation for High Fuel Prices" is supply and demand, look it up!

Well put JF I agree!!!!!!



People that don't understand our system of economics, will always sound off in a negative way.



I guess the demy's would like it if our country were to go to a system of government like one in eastern Europe, can you say socialism???.



Mac

 

[elandon1201]

I fully understand capitalism and it is based on supply, demand and COMPETITION to keep it alive. Price fixing and cooperation by the oil companies so they can all gouge and make record profits is not free market capitalism, it is extortion, this is a delicate system where one big player effects the prices for EVERYTHING in our free market, driving up prices on ALL products and services. Without checks and balances the greed and gluttony will collapse our system. Calling for government aide is asking for socialism, much like the current entitelments crippling us with taxes, soon we will be so dependent on our government it will easily take away all of our rights. If companies would not abuse the system you would not hear cries for help and politicians salivating for your vote vowing to cure your woes.