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I don't get it either - why isn't the price of gasoline a major issue?
The answer conditioning! Over the past year or so gas prices have risen sharpely. We are bombarded daily about news of a new oil price per barrel increase and have passed "the new record" point. Just last week I heard or read oil to go to $70.00 per barrel.
The conditioning works like this:
The consumers are subject to a constant feed about oil price per barrel increases. This is the main "reason" behind increasing pump prices. From time to time new reasons are thrown in - increased consumption in China, Iraq pipeline blow-ups, a refinery here an there goes down, hurricane Ivan, etc.
The price at the pump see-saws back and forth but in each cycle the avg price generally increases. This has been a gradual process over a 2 or so year period. Where I live the cycle runs generally on a Wednesday / Sunday calendar. Here's what it looks like, accelerated over time using hypothetical numbers:
Week 1 S-W - 1.65 per gallon Week 1 Th-S - 1.72 per gallon Week 2 S-W - 1.68 per gallon Week 2 Th - S 1.76 per gallon Week 3 S-M - 1.71 per gallon Week 3 T - 1.75 per gallon (on news an Iraqi pipeline blown up) Week 3 W - 1.73 per gallon Week 3 Th - S 1.79 per gallon Week 4 S-W - 1.76 per gallon Week 4 Th - S 1.85 per gallon Week 5 S-W - 1.80 per gallon Week 5 Th - S 1.89 per gallon (on news of a refinery fire) Week 6 S-W - 1.87 per gallon Week 6 Th - S 1.93 per gallon Week 7 S-W - 1.84 per gallon (Saudis promise more oil) Week 7 Th - S 1.89 per galon Week 8 S-W - 1.86 per gallon Week 8 Th - S 1.93 per gallon
etc etc etc (you get the picture) - over time you just get used to it.
Here's the other thing that makes me nuts:
The rise in the price of gas has risen along with the price per barrel for oil - this is the main driver. Now if the price of oil goes up X and this translates to a corresponding increase in gas prices of Y then how can the oil companies make "record profits"? Afterall the increase in one price causes the increase in the other price, right? Not in oil world!
The other excuse is increased consumption - basic supply and demand law - when demand increases vs the supply the price of an item increases - China is tagged as the big consumer stressing oil prices -must be because of the increase in "transportation and energy" due to all the "outsourcing" US companies opening factories.
So who controls the supply - not the US - but OPEC which is "guided" by our friends the Saudi's. To ease the pain every now and then our "friends" release a few extra million barrels.
Woodward actually busted the scam when he reported the "Saudi late summer Bush election bail-out" - so now the Sauds can't act "to save Bush" - so we the consumers who have been conditioned by the scam process will continue to bend over at the pump and take it, and to do so without much as a whimper. Well at least until after the election depending on the winner.
If Bush manages to get re-elected, I predict gas prices will go down but of course not to where they were a year ago - afterall the oil companies still need to make a "profit". But Dubya will stay be made a he-ro. Of course if Kerry wins, barring any governemnt or legislative intervention, the artificial inflation will continue to a "crisis point" and betting dollars to donuts the repuglickers will try to turn the issue on him.
Explains Bush and the republican's complacency doesn't it?
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