Gas Prices

[VOLatile]

We should be lucky it's not $6/gallon like in Europe... but then again we don't have the luxury of decent public transportation.

 

[OrangeYankee]

I'm not throwing this out as believed fact but I've been wondering if the 600 billion of printed monopoly money from the feds doesn't factor into this as well?

 

[volinbham]

Gas prices go up when Obama is prez = supply and demand; natural market forces.

Gas prices go up when Bush is prez = Bush helping out his oil buddies.

 

[IPorange]

BS. Demand did not jump by 200% in one year. Production is greater also. They have proven that demand does not control the barrel. The barrel is used more to manipulate economies and growth than any other area. Our dollar is tied directly to oil. There is a reason it is going up and will go up again and it's not due to demand.

So you're blaming inflation? Fine. Regardless, the relative value of oil is increasing for real reasons. It isn't a scam.

 

[MG1968]

I'm not throwing this out as believed fact but I've been wondering if the 600 billion of printed monopoly money from the feds doesn't factor into this as well?

the depressed value of the dollar isn't helping. sure, it's great for US exports, but it sucks otherwise.

 

[rmsmith]

If commodities were taken off the 'market' then we wouldn't have unwarranted price increases. Investors are driving up the prices due to speculation that oil may hit 140. Investors that have no interest in using the commodity they are purchasing.

 

[droski]

If commodities were taken off the 'market' then we wouldn't have unwarranted price increases. Investors are driving up the prices due to speculation that oil may hhit 140. Investors that have no interest in using the commodity they are purchasing.

I agree the speculators probably amplify the highs and lows, but prices can't stay outside of fair value for too long until there is a reversal.

 

[droski]

BS. Demand did not jump by 200% in one year. Production is greater also. They have proven that demand does not control the barrel. The barrel is used more to manipulate economies and growth than any other area. Our dollar is tied directly to oil. There is a reason it is going up and will go up again and it's not due to demand.

Demand doesn't need to go up 100% for the price to double. The cost of production is also far higher than before. No more Saudi oil fields out there.

 

[NEO]

So you're blaming inflation? Fine. Regardless, the relative value of oil is increasing for real reasons. It isn't a scam.

A depressed dollar highly impacts the speculators on a short term basis. Anyone who does not know this needs to stay out of the market completely. A weaker dollar drives investors to oil while slowing production. It's not a scam. It's all about making money.

 

[NEO]

You want to break the US you weaken the dollar under other nations that's dollar is stronger and keep oil based on the USD. This is a great way to crush this nation. Oil is going up because our dollar us going down. It's all about petrodollars and control.