National Average Price of Gasoline Hits an All-Time High

#2,127
#2,127
rekinhavoc said:
Why gas prices are so high and oil companies enjoy record profits | Stever Robbins
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However, if you or I parked some of our money in something that promised a 10% return, we'd expect the same 10% if we added to it and not settle for maybe 8%. Why should a business look at it differently? I guess my question is why hasn't the world gone after OPEC and other cartels around the world? I'd bet most countries have laws similar to our own antitrust laws to tame monopolistic behaviors.
 
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#2,128
#2,128
rekinhavoc said:
Why gas prices are so high and oil companies enjoy record profits | Stever Robbins
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A second thought is that if you really want to do something about gas and diesel prices which are directly related to the cost of crude oil - cost plus return on investment, then do something about crude prices. There are a lot of things pushing increases there - some real issues and others created issues. For example, all the transportation of crude and refined products that create a global market with OPEC being a big part of the global market. OPEC is a huge roadblock in the normal supply and demand equation. Secondly there is market speculation in crude - hands and trades involved beyond the crude producer selling to the refiner and the refiner selling to the distributor; cut out the middlemen who do nothing more than speculate and drive the cost. Another is political policy; you can't tell an industry you are going to kill it and expect them to be friendly in the face of your stupidity. There are still shipping methods and costs and regulatory measures among other things that drive inefficiencies and costs.
 
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#2,136
#2,136
For the oblivious who do not think. Rhetoric impacts revenue. Policy effects prices.
Bold and underline by me.

US rejoins Paris accord: Biden's first act sets tone for ambitious approach

"I think the United States needs to recognise that the world is very different than it was four years ago and enter in, in partnership and humility, not coming back in telling everybody what they should be doing, because the world's gone on," said Jennifer Morgan, executive director of Greenpeace International.

"I think the expectation's there, if you look at global climate politics, that climate will now play a role in security policy.
"Fossil fuels are like weapons of mass destruction - they need to be kept in the ground."
That sentiment found an echo in President Biden's other executive action on his first day.

His cancellation of the Keystone XL pipeline permit is a carefully calculated message to the oil industry.
"This new executive order on the Keystone pipeline is a very tangible, visible decision," said Rémy Rioux, the head of the French development agency and a negotiator for the French government during the Paris climate talks.
"The US is saying 'we're back' - and 'not only are we back on track, but we're back with a fuller commitment and momentum'."

While campaigning, he highlighted electric vehicles and charging infrastructure, building high-speed railways, and improving energy efficiency in homes and offices.
Tackling the energy sector remains key though, with President Biden committed to 100% clean electricity by 2035.
 
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#2,141
#2,141
I believe I am noticing a lot less traffic in my area. McRib feels like morning traffic is about the same as usual. I wonder at what price point, do the driving behaviors change?
 
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#2,142
#2,142
McDad said:
I believe I am noticing a lot less traffic in my area. McRib feels like morning traffic is about the same as usual. I wonder at what price point, do the driving behaviors change?
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I did like driving a lot more during the covid shutdown when people were off the roads ... and it was cheaper. Maybe those were the good ole days?
 
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#2,143
#2,143
AM64 said:
I did like driving a lot more during the covid shutdown when people were off the roads ... and it was cheaper. Maybe those were the good ole days?
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Gotta admit not having semi trucks all over the interstate was sweet while it lasted. Also, having enough gaps to go around the morons who drive the speed limit or slower in the left lane was a treat, too.
 
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#2,147
#2,147
VolStrom said:
I agree, but there are stupid truck drivers that are trying to make a buck, most of us are just trying to get somewhere.
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I do generally figure that truck drivers are more competent than most people on the road, but sometimes their thoughts about passing seem baffling. Some car drivers appear baffled all the time though, so maybe it's all semi equal.
 
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#2,148
#2,148
AM64 said:
I do generally figure that truck drivers are more competent than most people on the road, but sometimes their thoughts about passing seem baffling. Some car drivers appear baffled all the time though, so maybe it's all semi equal.
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There’s all kinds . Nothing good comes from making decisions that will just cost you more money then or eventually, when you roll snake eyes . Slow and steady wins the race . Bullhaulers are the worst , operators hauling onions are a close second , anybody from SWIFT and apparently government contractors that haul Covid infected monkeys across the US without telling anybody . ( bet you can’t find any new articles on that one )
 
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#2,150
#2,150
Orangeburst said:
Saw this posted;

Oil companies makes about 10 cents on each gallon of gas before taxes. Federal Government makes 18.3 to 24.4 cents per gallon. States make from 15 cents to 67 cents per gallon. I don't think the oil companies are the problem.
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Do you actually think this problem is that simple?
 
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