Gas Prices Pass Record

[allvol123]

I was comparing your complaining about someone making too much money to how much money you are making now. When they start charging too much for gas you will find another method to get around.

 

[WA_Vol]

I was comparing your complaining about someone making too much money to how much money you are making now. When they start charging too much for gas you will find another method to get around.

Really. We're going to start riding horses and bicycles to work? I doubt it?

 

[utvolpj]

Facts?

Gas prices are higher then ever and oil companies are making more profits then ever. Those aren't facts?

Please tell me which one of those facts is incorrect?

Making higher profits but not GP%. The oil companies are also involved in many other businesses that add to their bottom line.

Are all those companies raising their prices on a weekly basis for a product most Americans must use everyday?

Must? Replace with "choose" and you might make sense.

 

[allvol123]

Really. We're going to start riding horses and bicycles to work? I doubt it?

Really? Gas prices too much for you? You still buying cable/satellite? Still eating out? Driving the most efficient car? The sky is far from fallen.

 

[WA_Vol]

of course they know they need more capacity, they also have to deal with inane environmental regulations that force them to blend fuels differently for Fargo, ND and Miami, FL.

also, look into why there hasn't been a new refinery built in the US in nearly 30 years. I'll give you a clue, it's the environmentalists and their lobbyists.

It makes sense the oil companies want to flood the market with gasoline so the price will go down and they will make less money. Its the environmentalist who are limiting supply. Not oil companies trying to drive the price of gas up. Thats the last thing they want.

 

[WA_Vol]

Making higher profits but not GP%. The oil companies are also involved in many other businesses that add to their bottom line.



Must? Replace with "choose" and you might make sense.

Give me a practical alternative to transportation that doesn't involve gas? I don't think its realistic to expect the country to start riding bicycles to work.

 

[WA_Vol]

Really? Gas prices too much for you? You still buying cable/satellite? Still eating out? Driving the most efficient car? The sky is far from fallen.

I'm still trying to understand why you think oil companies dont want gas prices to be higher? Demand doesn't go down when the price goes up so why do they want the price to go down?

If they wanted to increase refinery capacity and increase gasoline production, they could find a way to do it. They have huge amount of money to invest in that if they chose too. The results speak for themselves.

 

[allvol123]

Still trying to understand why you complain about it so much. I doubt your quality of life has been impacted that much. If so, as has been said you have other alternatives. Many alternatives that come into play before your favorite "riding horse" mantra.

 

[utvolpj]

Give me a practical alternative to transportation that doesn't involve gas? I don't think its realistic to expect the country to start riding bicycles to work.

You don't have to totally eliminate driving to make a difference. Changing how oftenwe drive would be a huge start. Carpooling, consolidating trips, changing driving habits, using public trans., don't use the max A/C all day, etc. People complain but are making little to no change in their lifestyle. How many choose to have a 30mi commute every day? How many times have you gone grocery shopping with a neighbor? How fast do you take off from that red light? Have you ever taken the bus?

Since I have started doing some of these things my gas bill has dropped to where it was before. I spend no more $$ than I did 1 or 2 years ago.

 

[WA_Vol]

Still trying to understand why you complain about it so much. I doubt your quality of life has been impacted that much. If so, as has been said you have other alternatives. Many alternatives that come into play before your favorite "riding horse" mantra.

What bothers me, is when someone tries to tell me oil companies dont have the ability to lower gasoline prices. That higher gas prices and higher profits for oil companies don't go hand and hand. Especially since demand stays about the say whether the price is low or high.

 

[allvol123]

What bothers me is someone trying to tell a private business they should not try to earn as much profit as possible.

 

[WA_Vol]

What bothers me is someone trying to tell a private business they should not try to earn as much profit as possible.

Yes oil companies should charge as much as they can possibly make. $5, even $10/gal. They have the consumer over a barrel and they should take advantage of it.

 

[allvol123]

Or, they should call oklavol and see how much is a fair price to him. Tell me, why do you think they don't charge 5 or 10 dollars a gallon?

 

[GAVol]

They have the consumer over a barrel and they should take advantage of it.

One thing I think people need to think about is that there is no such concept as "They" when it comes to oil companies. It's not like "they" consult each other in a big room when they make decisions.

 

[allvol123]

Yes they do GA. You are soooooooo lost.

 

[WA_Vol]

One thing I think people need to think about is that there is no such concept as "They" when it comes to oil companies. It's not like "they" consult each other in a big room when they make decisions.

Oil companies aren't sitting around a room trying to figure out a way to lower the price of gas so they can make less money either.

 

[WA_Vol]

Or, they should call oklavol and see how much is a fair price to him. Tell me, why do you think they don't charge 5 or 10 dollars a gallon?

If oil companies thought they could get the majority consumer to pay $5/gal to $10/gal and keep demand at the same level they will.

 

[truefan]

“Democrats have a commonsense plan to help bring down skyrocketing gas prices by cracking down on price gouging, rolling back the billions of dollars in taxpayer subsidies, tax breaks and royalty relief given to big oil and gas companies, and increasing production of alternative fuels.”

From Miss Pelosi's website. So where's the plan? Working well so far?

give it time, you will see it down around $1.50 by '08.........prediction given to me by an ExxonMobil insider

funny how everyone was griping about gas being $1.00/gallon in 2000.

 

[GAVol]

If oil companies thought they could get the majority consumer to pay $5/gal to $10/gal and keep demand at the same level they will.

Uh yeah . . . and you would too if you were running a business. But they can't, so they don't.

 

[allvol123]

If oil companies thought they could get the majority consumer to pay $5/gal to $10/gal and keep demand at the same level they will.

What company wouldn't? You would be a moron not to do that.

 

[allvol123]

give it time, you will see it down around $1.50 by '08.........prediction given to me by an ExxonMobil insider

funny how everyone was griping about gas being $1.00/gallon in 2000.

I have never heard anyone complain about $1 gas.

 

[WA_Vol]

What company wouldn't? You would be a moron not to do that.

yes they are out to make as much money as they can. SO WHY ARE YOU DEFENDING THEM?

 

[WA_Vol]

Uh yeah . . . and you would too if you were running a business. But they can't, so they don't.

Right. So everyone knows they are driving prices up to make more money so why is everyone defending them? We know what they are doing.

 

[GAVol]

yes they are out to make as much money as they can. SO WHY ARE YOU DEFENDING THEM?

Adam Smith and the invisible hand

...every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.

 

[allvol123]

yes they are out to make as much money as they can. SO WHY ARE YOU DEFENDING THEM?

I guess I like that system. Why are you not defending that system? You prefer the government set prices and hand you your bread and water?