Welcome to PatsFans.com

How & Why has the price of gas gone up?

Discussion in 'Political Discussion' started by PatriotsReign, Feb 9, 2009.

  1. PatriotsReign

    PatriotsReign Hall of Fame Poster

    Joined:
    Jan 15, 2007
    Messages:
    26,667
    Likes Received:
    143
    Ratings:
    +387 / 3 / -15

    We have all seen the price of gasoline increase from about $1.59 to near $2.00/gallon while the price of oil has remained around $40/barrell. Can anyone explain this?

    One thing I would like to see the Obama administration do is keep a very close eye on the oil industry to ensure they don't try to increase their profits by increasing the price of gas. The American people just can't afford this right now.
     
  2. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

    Joined:
    Jan 4, 2005
    Messages:
    24,870
    Likes Received:
    108
    Ratings:
    +239 / 8 / -13

    Maybe they should limits profits at your company also, I can't afford it now. I don't care if you don't get a raise....;)
     
  3. wistahpatsfan

    wistahpatsfan Pro Bowl Player

    Joined:
    Jul 30, 2005
    Messages:
    15,675
    Likes Received:
    11
    Ratings:
    +13 / 0 / -1

    #75 Jersey

    Prices are climbing because the big $4/ gallon scare last August subsided faster than it came. Now people are using more fuel because it's cheaper (they think) and aren't as concerned about fuel efficiency because they're stupid. All that matters is what's happening right this second for most Americans. They think that gas will always be $2/ gallon just like they though it would always be $4/ gallon last August. National ADD.
     
  4. PatriotsReign

    PatriotsReign Hall of Fame Poster

    Joined:
    Jan 15, 2007
    Messages:
    26,667
    Likes Received:
    143
    Ratings:
    +387 / 3 / -15

    That's a great point wista. Although with all the people out of work and it being winter and all, you'd think demand would be down. Do you know for a fact that demand has increased?

    Peak demand in the US is typically during summer months.
     
  5. PatriotsReign

    PatriotsReign Hall of Fame Poster

    Joined:
    Jan 15, 2007
    Messages:
    26,667
    Likes Received:
    143
    Ratings:
    +387 / 3 / -15

    Oil & gas are different than any other product, so you can't compare my company with the oil industry. Everyone has no choice but to use oil products while anyone can refuse to buy my company's product if the price is too high.
     
  6. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

    Joined:
    Jan 4, 2005
    Messages:
    24,870
    Likes Received:
    108
    Ratings:
    +239 / 8 / -13

    NIMBY(not in my backyard) , the other guy is always different....
     
  7. wistahpatsfan

    wistahpatsfan Pro Bowl Player

    Joined:
    Jul 30, 2005
    Messages:
    15,675
    Likes Received:
    11
    Ratings:
    +13 / 0 / -1

    #75 Jersey

    No, I can't prove it. Just going on anectdotal evidence and my knowledge of Societal ADD, which cannot be disputed.
     
    Last edited: Feb 9, 2009
  8. STFarmy

    STFarmy In the Starting Line-Up

    Joined:
    Sep 14, 2004
    Messages:
    2,677
    Likes Received:
    6
    Ratings:
    +6 / 0 / -0

    Ding ding! It's a huge concern at 4, but with price as low as 1.50 (a few months ago here in NH), the problem is quickly forgotten. "Hmm I wonder why gas prices dropped fast and the....... heyyyyyy American Idol is on! That Simon is a pisser."

    Stupid is the operative word.
     
  9. wistahpatsfan

    wistahpatsfan Pro Bowl Player

    Joined:
    Jul 30, 2005
    Messages:
    15,675
    Likes Received:
    11
    Ratings:
    +13 / 0 / -1

    #75 Jersey

    Yeah,
    It goes from 1.50 to 1.90 and no one bats an eyelash. As long as it stays under 2.

    I don't know for sure if people are using more gasoline, but they are using more heating oil because of the cold. I don't know enough about the market pressures and relationships between crude, gasoline, #2 heating, etc. Maybe someone else hers can lay it out.
     
  10. STFarmy

    STFarmy In the Starting Line-Up

    Joined:
    Sep 14, 2004
    Messages:
    2,677
    Likes Received:
    6
    Ratings:
    +6 / 0 / -0

    I'd bet it's increased, but not that much. I'd be willing to call shenanigans on the gas/oil companies. I certainly don't think that the barrel of oil prices fell that much just because of demand. I think the economic problems and the spotlight being on some of those greedy pricks helped motivate them to decrease their prices. I'm not a class warfare guy and a supporter of capitalism, but I do not think that the oil companies operate within the parameters of fair competition. But oil isn't rising, just gas is. So I'm not 100% sure what the problem is.
     
  11. Real World

    Real World Moderator Staff Member

    Joined:
    Aug 15, 2006
    Messages:
    27,136
    Likes Received:
    223
    Ratings:
    +533 / 6 / -2

    I've noticed it tick up myself. It's about $1.80 for regular around here.
     
  12. maverick4

    maverick4 Banned

    Joined:
    Jan 17, 2005
    Messages:
    7,669
    Likes Received:
    17
    Ratings:
    +17 / 0 / -0

    Even better, can someone please study why gas went from $2 to $3.5 in the 8 years under Bush, and then immediately dropped back down when Obama was elected? Has anyone seen 'Enron' where they talk about energy price manipulation in California?
     
  13. wistahpatsfan

    wistahpatsfan Pro Bowl Player

    Joined:
    Jul 30, 2005
    Messages:
    15,675
    Likes Received:
    11
    Ratings:
    +13 / 0 / -1

    #75 Jersey

    That's what we have, too. It bottomed out at 1.51 around the first week of january.

    Question is how do you explain that uptic? .30 change over one month! That's a 20% change!
     
  14. PatriotsReign

    PatriotsReign Hall of Fame Poster

    Joined:
    Jan 15, 2007
    Messages:
    26,667
    Likes Received:
    143
    Ratings:
    +387 / 3 / -15

    If you don't see the difference, I can't help you...:cool:
     
  15. PatriotsReign

    PatriotsReign Hall of Fame Poster

    Joined:
    Jan 15, 2007
    Messages:
    26,667
    Likes Received:
    143
    Ratings:
    +387 / 3 / -15

    BTW...if "demand" actually increased, we would have seen the price of a barrell of oil increase as well. You can't have increased demand on gas without it affecting the price of a barrell of oil. As a matter of fact, oil typically increases BEFORE the price of gasoline.

    That's why I think there's something fishy going on.
     
  16. maverick4

    maverick4 Banned

    Joined:
    Jan 17, 2005
    Messages:
    7,669
    Likes Received:
    17
    Ratings:
    +17 / 0 / -0

    Of COURSE there is something fishy going on. Gas went from $1.8 to $3.6 under Bush within a short amount of time, then miraculously went back down after the November election.
     
  17. PatriotsReign

    PatriotsReign Hall of Fame Poster

    Joined:
    Jan 15, 2007
    Messages:
    26,667
    Likes Received:
    143
    Ratings:
    +387 / 3 / -15

    That was definately the manipulation of the markets by investors...total bullsh1t
     
  18. maverick4

    maverick4 Banned

    Joined:
    Jan 17, 2005
    Messages:
    7,669
    Likes Received:
    17
    Ratings:
    +17 / 0 / -0

    I'm with you PR, and personally I want to see some people put to jail for this. Why is there no investigation?
     
  19. PatriotsReign

    PatriotsReign Hall of Fame Poster

    Joined:
    Jan 15, 2007
    Messages:
    26,667
    Likes Received:
    143
    Ratings:
    +387 / 3 / -15

    status quo maybe? I don't know, but I'd love to see an investigation myself.

    I wouldn't doubt that those who drove the prices of oil up were put up to it by members of the oil industry....I effing hate the oil industry.
     
  20. DaBruinz

    DaBruinz Pats, B's, Sox PatsFans.com Supporter

    Joined:
    Feb 8, 2005
    Messages:
    24,331
    Likes Received:
    196
    Ratings:
    +368 / 24 / -48

    #50 Jersey

    The reason it has gone from $1.5 a gallon to $1.85 (or higher) is because the oil in which your gas is coming from was bought at around $55 a barrel when the price of oil spiked back up. It should start dropping again in a couple of weeks.
     

Share This Page

unset ($sidebar_block_show); ?>