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Can someone explain GAS pricing to me?

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Dawgs Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 02:00 PM
Original message
Can someone explain GAS pricing to me?
I mean, why do gas prices go down or jump so quickly? It was just a few years ago that gas prices were down in the 70 cent range. Now they are talking about them jumping to $3.00. It doesn't make any sense to me. What has changed so much in those few years that such a price difference is necessary?

My skepticism questions this latest talk of price hike. Could it just be a front for Bush and his buddies to drill in Alask and elsewhere?
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BlueEyedSon Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 02:07 PM
Response to Original message
1. Oil went from under $20 a barrel to $55 in under 3 years.
Edited on Fri Mar-04-05 02:10 PM by BlueEyedSon
That might account for something!



http://futures.tradingcharts.com/chart/CO/M
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sui generis Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 02:10 PM
Response to Original message
2. no silly wabbit
no administration, including our own dem administrations, have ever been able to stand up to Big Oil, even when they wanted to.

What are we gonna do, stop going to work? Even our groceries and mail arrive on trucks. They've got us by the very short hairs, and they're happy to let you know.

To answer the question about why oil can jump 6 points and gas can jump 14 - 16%; it's Because They Think that raising it .70 would Really Piss Us Off So We Should Just Be Good Little Sheeples And Be Greatful For Their Generosity. /sarcasm

They don't really care about Alaska - they know that even if they drain every last drop out of ANWR it will only yield 5 years of domestic oil at current consumption. That's not to say that a few people won't get extraordinarily wealthy off it, but it's certainly not for the benefit of ordinary joes like you and me, in terms of gas availability or pricing advantages.


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BiggJawn Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 02:16 PM
Response to Original message
3. Why? Because they can.
What're ya gonna do about it? Ride yer BICYCLE to work?
Har-dee-har-har....

Now STFU and go mortgage yourself to the hilt to buy that CXT and fill it up, like a good God-fearin' Jeebus and Bush lovin' Murkan's SUPPOSED to!


Whoa!...I must have been channeling John D. Rockefeller there for a minute....Now. what was your question again? :P
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tx_dem41 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 02:23 PM
Response to Original message
4. Gas prices vs. inflation rate.....
historically, gas keeps up with inflation, with some peaks and valleys caused by the laws of supply and demand. Its not some big conspiracy.
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independentchristian Donating Member (393 posts) Send PM | Profile | Ignore Fri Mar-04-05 07:43 PM
Response to Original message
5. You haven't seen anything yet
Gas is projected to be at least $80 a barrel in 2 years.

Another thing.

We have oil executives running this country. They are making a lot of money off of these oil prices.

They could care less about the price of oil going up, because it's not like people can do without it.

The earth is running out of oil. In 100 years we have used up half of the oil on the planet and the oil remaining is difficult to get to, therefore, it is more expensive to extract, so the prices are going up because of the amount of work to get to the oil and the fact that it is running out.

60% of the known recoverable oil on the planet is located in the middle east, and if you look at the image, you'll know why the neocons are messing around with those countries. Syria is close enough to their investment to be a nuisance.



Hybrid cars won't do jacksquat. You need oil or gas to produce electricity, unless you want to burn more coal and nuclear energy like the Bush administration is doing. In order to perfect ethanol and other alternative sources of energy, you are going to need the dwindling energy sources that you already have.

You need oil to produce asphalt and rubber for tires. What are you going to drive the car on? It's rims? Making the frame of the car? Electricity or heat to form the metal frames. That's oil.

Are there going to be hybrid airplanes as well? If we don't get our food from overseas in cheap markets, it's going to cost more in the supermarket.

Oil is everywhere and there is nothing that can replace it. Alternative sources of energy should have been researched extensively in the 1960s when the United States passed its peak in oil instead of turning to the middle east to try and get more oil.

As for drilling in Alaska, it won't do anything. I have heard estimates as low as a 2 day supply for the United States to a 2 year supply. If they begin drilling a lot there tomorrow, the price of oil would probably drop because the market gets affected by everything, but it wouldn't last long.

I repeat. The Bush administration has been re-elected, they could care less about the prices of oil. These oil executives are making a lot of money off of these oil prices.
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