Some "official" answers to your fuel prices

[Walker]

Some "official" answers to fuel prices

Came across this tonight.



US Governments Energy Information Administration official page:



http://www.governmentguide.com/govs...adp?55076483,16920155,http://www.eia.doe.gov/



Go to the right and click on "Gasoline and Diesel Fuel Update"



then



Go down to the middle of the page and click on "Distillate in Depth-"



then



Click on "Click here to start"



Look at the charts and read the info. at the very bottom (scrolls). Some pretty interesting stuff (like #29). This explains quite a bit and gives some projections.

 

[Gary - K7GLD]

With all due respect, relying upon governmental or oil company explanations is a lot like asking the fox what happened to the chickens...



While pointing out what appears to be obscene government (THEY don't dig wells or refine oil, yet make more per gallon profit than the refiners do!) and oil company profits, the larger topic and VASTLY larger contributor to fuel costs, is what price is demanded for crude oil by the Arabic nations - OPEC.



They were getting rich decades ago when crude was at $3 a barrel - and now we see that price greatly increased - and why? Has it become harder or more costly - by a factor of 20, for them to produce and market their oil?



Sure, we have supply, profit and pricing problems INSIDE our borders - but those pale in comparison to what the guys in the Arabic countries are doing to energy prices, just because they CAN!

 

[JOdell]

I'm with you Gary on this one. I would like to know why China's demand on diesel makes our diesel prices go up here when we refine it and pipe/truck it here in the Good Ol' USA. -Jason

 

[klenger]

I'm with you Gary on this one. I would like to know why China's demand on diesel makes our diesel prices go up here when we refine it and pipe/truck it here in the Good Ol' USA. -Jason

Becasue they can. I would if I owned an oil company.

 

[CTait]

When the US and Britain first went to the Arab nations to develop their oil and it sold for 2-3 dollars per barrel, gold was in the thirty-five dollar per ounce range and our paper money was backed by gold and silver. Today our paper money is just that only paper. It has no little or no backing. The Arabs are not stupid. Their oil is still worth about the same amount as it has always been only it takes a helluva lot more worthless dollars now to buy a barrel.