Rising Gas Prices

[lrprn]

Ironically within hours of our voting polls opening in our state yesterday, our gas prices jumped an immediate $.15/gallon....hmmmm.... Doesn't take a genius to figure out that the oil and refinery folks thought they had influenced us as much as they could by lowering the price for awhile and it was time to return to the normal level of "gouge" and profit. I'm thinking we will see more price jumps in the days to come.

Hopefully our newly shifted Congress will be able to bring some accountability by the oil and gasoline companies back into this situation.

[HRx]

I didn't notice any price increases here.

[HRx]

Paid $2.13 this morning for gas.

[AMISLANDER]

2.25 this morning at 711....I filled up the 4runner totally for $30....figured it might be higher by Friday/Payday!

[HRx]

I gassed up last night at a local Hess for $2.19, these teeter-tottering gas prices are pathetic! There's no justification for this either, which makes matters worse!

[FilingOnMyOwn]

I gassed up last night at a local Hess for $2.19, these teeter-tottering gas prices are pathetic! There's no justification for this either, which makes matters worse!

Energy prices are traded on the open market, so as long as we have conflict in the middle east, prices will be inflated due to speculation alone.

[HRx]

Energy prices are traded on the open market, so as long as we have conflict in the middle east, prices will be inflated due to speculation alone.

That's just another one of the many "explanations" that have been thrown at us. They said prices were hight because of: rapid population growth, hurricanes, supply/demand, etc......lol

[FilingOnMyOwn]

That's just another one of the many "explanations" that have been thrown at us. They said prices were hight because of: rapid population growth, hurricanes, supply/demand, etc......lol

Actually, speculation in the marketplace is the only true 'explanation' for the price. Just like the iran/iraq war in the 80's, the iraq gulf war of the 90's, and the war in iraq today. I guarantee that the world would be much better off if the countries of iran and iraq didn't exist, or any of the oil that is present there, and prices would still be even lower despite the loss of supply. Regardless of the reasons given for speculation, huge inflows of money will bid up the prices. Remember the tech/internet bubble? $1 stocks going to $1000 then back to zer0? Nasdaq 5000? Speculation caused all of it.

[HRx]

I was in the Camden, Maine area this past weekend, and the average cost for 83 octane was $2.44, I don't know how folks in this neck of the woods are surviving the fuel expense!

[BassBoy]

Tell me about it HRx. I just don't get the up and down thingy with the cost of fuel. One day it's up, the next day it's down. What gives? If there's a shortage, then the price wouldn't change so frequently as it does. Then all of the sudden it drops, and there's no longer a shortage. Yeah right. It's a damn conspiracy I think.

[HRx]

Tell me about it HRx. I just don't get the up and down thingy with the cost of fuel. One day it's up, the next day it's down. What gives? If there's a shortage, then the price wouldn't change so frequently as it does. Then all of the sudden it drops, and there's no longer a shortage. Yeah right. It's a damn conspiracy I think.

I do believe that there's corporate gas gouging taking place. There hasn't been enough evidence to support the theory of a global fuel shortage. I would like to know how much of a profit gas stations are making on the fuel they sell. We're just becoming more acclimated to the increased fuel costs, just the way the corporate hogs anticipated we would. All we're doing is readjusting how we spend our monies, so that we can afford to pay for the increased fuel prices! With the way prices are increasing, we'll be paying $3.00 per gallon by the second quarter of 2007...that's "only" a $0.70 increase for me!!!

[robivi3]

If we were running out of fuel it'd be twenty bucks a gallon.

My corner Shell, $2.39 for Regular and 2.62 for premium.

[FilingOnMyOwn]

I do believe that there's corporate gas gouging taking place. There hasn't been enough evidence to support the theory of a global fuel shortage. I would like to know how much of a profit gas stations are making on the fuel they sell. We're just becoming more acclimated to the increased fuel costs, just the way the corporate hogs anticipated we would. All we're doing is readjusting how we spend our monies, so that we can afford to pay for the increased fuel prices! With the way prices are increasing, we'll be paying $3.00 per gallon by the second quarter of 2007...that's "only" a $0.70 increase for me!!!

Most local gas stations operate on a commission of around 8%. And about half that goes to maintainance, operation and upkeep of the fuel dispensing pumps. It takes alot of electricity to pump all that fuel from the underground tanks into your car. That being said, when gas stations made 4-5 cents profit on a gallon of gas 5-10 years ago, they now make 10-15 per gallon cents net profit now.

Once again, the refiners and big oil companies have little to do with the price of fuel. The markets determine energy prices, and energy companies pass on their costs to their customers. Their operating profit margins are usually in the 10% range. Cut 10% off the pump price of gasoline, and the big oil companies would not earn a profit.

However, so far in the first 2 trading days of 07 the market price of crude has crashed 10% literally overnight.

Expect to see gas prices this winter drop to near $2 and possibly even less for a short period of time.

[HRx]

Once again, the refiners and big oil companies have little to do with the price of fuel. The markets determine energy prices, and energy companies pass on their costs to their customers. Their operating profit margins are usually in the 10% range. Cut 10% off the pump price of gasoline, and the big oil companies would not earn a profit.

Once again, the market hasn't proven that fuel usuage has spiked to warrant the cost of fuel. Oil companies have made record breaking profits for the past 24 months. The trend of supply/demand for fuel doesn't equate to the prices that we're being charged. A third party investigation really needs to be conducted to on the major fuel hogs. These bozos are making billions at our expense!!

[lrprn]

Paid $1.99/gallon this morning for regular gas in Kansas City, MO. I can't remember the last time I saw gas under $2.00 here....wow!

Yet another indication that the gouging prices we consumers been paying for the last year have NOTHING to do with supply and demand. Just an oil- friendly Congress who looked the other way while the oil companies raked in billions at the expense of our citizens. Greedy bastards.