OT: Gas Prices

[Atrocities]

There are already cries to increase both state and federal gas taxes because they are loosing money since people are cutting back do to the high prices. This is the same BS that the electric companies love too pull on us.

"We need you to conserve 20%" - we do and they sell that extra 20% to some other state and make [censored] loads of $$$$ off of it, then cry that domestic sales are down by 20% and raise rates by 20%. So now your not only using 20% less, but your now paying 20% more for using less.

It would be a criminal act, and should be viewed as one, to impose a new tax, or raise any gas taxes in an effort to exploit the current situation.

Any politican that thinks raising the gas tax will improve our economy is not worth voting for.

My $0.02 worth.

[Thermodyne]

OPEC uses a cartel to hold up prices, we need to form a cartel to hold down prices. When gas is over $2.50, we only buy it on odd days.

[Phoenix-D]

Unless you actually reduce the amount of gas consumed, that'll do nothing.

[Thermodyne]

Phoenix-D said:
Unless you actually reduce the amount of gas consumed, that'll do nothing.

Well actually it would throw a monkey wrench into the supply on demand system that is now being used. To increase profits, the oil companies keep inventories at absolute minimums to meet demand. While consumption of gas in the US has risen every year, storage capacity has fallen. They now use these “on demand” inventory numbers to influence price. And of late, they have manipulated the amount of fuel in storage downward so as to pressure the price upwards. If no one bought gas every other day, it would create a huge glut of gas and force prices down. It would also cause some spot shortages on “buy” days, but also create a net lowering of gas consumption. The three stations that my family owns are being held at minimum storage on site. The oil company used to almost force us to keep the tanks full. Now they penalize us for extra deliveries. Each station pumps more than a tanker a day, so at least twice a week we need two deliveries a day. We now pay extra for the second tanker. In the past, we got a discount on the additional loads. They are also holding our credit card receipts and extra day now. That cost us over a 100K in lost cash flow. And the maximum credit card charge at the pump is $70 dollars, which won’t fill up the vehicles that many people around here drive, this drives people to top off, which further stresses limited supplies. The oil companies are using every trick in the book to keep supplies tight and prices high.



If everyone cut their usage by 10%, it would also cause an inventory back up. So go burn your neighbors gas hog SUV to the ground and force the price down

[Kamog]

Gas is so expensive lately! Today I bought gas and it was $1.27 per liter. [img]/threads/images/Graemlins/Cold.gif[/img]

[Renegade 13]

It's even more atrocious than it was this time last year (when the thread was first created). I hesitate to drive for anything other than absolute necessities, it's too bloody expensive.

[Spectarofdeath]

It's $3.20 (a gallon) here, I got gas last monday it was 2.85, by thursday it was 3.20. The experts are saying $4.00 by mid summer. I bet we'll hit $4 by memorial day and $5 before the end of the year. This is getting outrageous. It's pretty bad when it costs you almost half a hours work (if not more) just to pay for the gas to get there.

[Will]

Spectarofdeath said:
It's $3.20 (a gallon) here, I got gas last monday it was 2.85, by thursday it was 3.20. The experts are saying $4.00 by mid summer. I bet we'll hit $4 by memorial day and $5 before the end of the year. This is getting outrageous. It's pretty bad when it costs you almost half a hours work (if not more) just to pay for the gas to get there.

I live close to San Francisco. It hit $3.20/gal a month ago. The station down the street is at $3.60/gal. In the city itself I've seen $3.85/gal.

No doubt in my mind that the average price around here will hit $4/gal by the end of May.

[GuyOfDoom]

Note that despite the "harsh" circumstances forcing the gas price increase Oil companies are making record profits.

[Fyron]

Who'd have thought that supply and demand actually applied in the real world...