Posted on 04/03/2005 6:16:32 PM PDT by BulletBobCo
$2.23 in central Indiana. Driving less and less these days. I can't afford luxury trips any more, not that I did any before.
Gosh, I thought everyone knew by now that Bush gets blamed for Any and ALL bad news, especially regarding the economy. The MSM, don't ya know, has convinced most sheeple that the Bush clan and their oil buddies (along with Haliburton) are responsible for supply & demand, not to mention oil prices.
$2.49 yesterday and $2.50-$2.55 today in southern CA. It’ll go higher.
Can someone explain why gas prices are so high? Assume complete ignorance of even basic economic theory.
We were told that fuel prices would go down after we "stabilized" Iraq. Just the opposite happened.
One of the first things we did was secure the oil wells so that Saddam wouldn't light 'em up like he did after the Kuwait invasion.
Who is Iraq selling their oil to now?
Just wondering...........
Me too.
speculation in the financial markets. the hedge funds and brokerage houses are now using oil as they did with tech stocks in the late 90s. that's about $15 in the price per barrel right now.
Thank you for the graph of rationality. Saves me digging it out.
Remember right after Jimmy Carter (the peanut farmer) was elected how the price skyrocketed on peanut butter?
Weird, huh?
$2.35 here. We finally gave in and bought a new car! Just in time! lol Our Mountaineer gets about 15-20, our Vibe gets about 25-30.In our town, I saw gas prices jump 20 cents a gallon in one day.
its a simple political reality. and Bush doesn't help himself by seeming to be disenaged about the topic - he never speaks about it, and when the administration does, they basically say that there isn't anything that they can do.
I have said it many times - open the strategic reserve and sell oil from it to US refiners at $42 per bbl. Then go sign a contract with the new iraqi government to replace those reserves at $40 per bbl, the $2 spread being spun politically as "war reparations". That will play politically, because americans expected an improved oil supply situation as part of the iraqi war. once the speculators and hedge funds see this move, they will start dumping their positions - and the $12-15 component of the price that is due to speculation can be driven from the market.
Speculation is killing the market and our economy. I have a bad feeling that prolonged prices in the two dollar range will kill our economy. I hope we can do somthing about it (market wise).
It would be nice to see hydrogen fuel cars or somthing come up that would compete market wise against oil combustion vehicles. That would drive down the market.
Upstate New York running $2.29 for regular - $2.49 for super. Everyday it seems to climb a couple of cents.
We were looking to buy a motorhome and semi-retire.......not now, unless we can get one for free.
Blah, blah, blah. Still lower than before, when adjusted for inflation. Compare the price of a gallon of gas with the price of a pack of cigarettes or a bottle of beer now and 30 years ago. Beer, cigs and gas were all about 35 cents. Cigs are now $4.50 or so, beer is $3 at least, and gas is up to $2.24 here.
Subtantial increase in money supply ($US) leads to higher prices for everything. Econ 101
I am glad my new Ford had the 4.6 instead of the big boy 8.
Yes, and how much of each products price is mf'n taxes.
Maybe mergers that reduce competition have something to do with it; to wit, ExxonMobil, ChevronTexaco, ConocoPhillips, BP-Amoco-Arco, and Royal Dutch Shell.
I know some of them have reported record earnings in the past year or two.
In the case of cigarettes and gas, most of the price is tax.
There's plenty of tax on alcohol, too. Nobody in the MSM seems to know that.
Just replace Gas with Taxes and see how you would feel. :)
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