Gas Prices

[El_Phil]

Well the hurricane isn't a surprise. It's been factored in ever since people knew it was going to hit. Look back a few days, thats when the stock market dropped. When something's happening it's already old news.

Since then consider the news: When it hit it was only a category 3, it missed the middle of New Orleans, it won't cost insurance firms as much as they thought, the US is releasing emergency oil stocks lowering the price of oil. Hence the market goes up on the 'good' news.

What did you expect the entire world just to stop as something bad happened in the US? Did the US stop when the earthquake hit Bam killing tens of thousands? Life goes on, and part of that life is the stock market.

[Kamog]

One of my coworkers drives about an hour to get to work each day and another hour to get home. He got a house far from the city center because houses are less expensive out there and he could afford to buy a nice big house. Now he's crying because gas expenses are eating up so much of his money and he has to fill up his tank every few days, even with carpooling. The poor guy says he's hardly making any money from the job because the commuting cost is so high.

[El_Phil]

Hey capitalism at work baby! Supply and demand, etc..

If you don't like it I hear fuel is pretty cheap in Communist China. Of course that's because if it isn't cheap then everyone at the state owned oil company is shot.

[Atrocities]

The chines will rule the world one day and the those of people still left alive after the world wide genocide will be little more than food stock and slaves.

[Baron Munchausen]

Kamog said:
One of my coworkers drives about an hour to get to work each day and another hour to get home. He got a house far from the city center because houses are less expensive out there and he could afford to buy a nice big house. Now he's crying because gas expenses are eating up so much of his money and he has to fill up his tank every few days, even with carpooling. The poor guy says he's hardly making any money from the job because the commuting cost is so high.

What does he drive? An SUV? Or something with a reasonable level of fuel economy? If the public reacts properly this might actually turn out to be a good thing. Maybe Americans will finally think about how much energy they are using and start to buy cars, appliances, etc. that are efficient.

[Atrocities]

Yes, the high prices are having an environmental effect and that is one of the only good things about this.

Ok here's the problem now. Fewer people are buying gas now, so many states are loosing tax revenue so in response they are going to hike their gas tax to compensate for lost revenue. [shaking head] It figures.

[Atrocities]

Here is a link to the Hawaii state gas cap law I mentioned.
Gas Cap Law

[Kamog]

Today I filled up the car and the price was $1.188 per liter! The gas prices keep going up higher and higher!

[Xrati]

Get used to it! The oil companies now know that we will pay this kind of money for gas. They will keep the prices up there until there is no more oil on this planet to sell us. I find it funny how they still say that alcohol is still to expensive as a gas substitute. How high do gas prices have to go before we can get a cheap and readily available alternate source?
As long as we keep using oil products the demand will always exceed the supply. We need more refineries! We have more then enough oil, but if you can't refine it, it will never get to market. The oil companies have used this to keep their price up there and now with the loss of the Gulf States refining we have a major shortage because companies wanted to keep supply to the point of maximizing their profits. It's backfired and people are pissed. NOW people will demand that the oil companies account for themselves and we will all be waiting for the next quarterly statements, where their profits will be way up there despite new and replaced equipment they will have to replace from the hurricane.