[:0] Oh my gosh!!! What are they trying to pull?? Call the president!!! Call your congressman!!! I am shocked and appalled that *they * would let the market determine what gas sells for !!! [:0]
Yes, I am poking fun at some people. If you don’t see the humor, you might be one of those people.[;)]
Wow, down a whole 34 cents? Kinda equal to going up $1.50 or so the past few years! Feel bad that exxon-mobil will not be able to post the greatest quarterly profit in the history of U.S. again.
But,but,but…if it goes down 34 cents every day for 5 days-we’d be in 7th heaven, right? Gotta go-time to buy a lottery ticket![:-,]
And it will probably go down a lot more soon when those 50 supertankers hit the shores and just as many behind them, by the way , check your shares in oil companies lately???
…34 cents…! Our price here in central In. dropped 5 cents…!! Now 2.79
2.55!!! Somebody’s got to do something!![}:)]
…I did hear that 2.55 figure somewhere on the news today but I thought I heard it wrong…What a sham…We see that figure and we feel we’re seeing a bargin.
Wow, and Bush didn’t wave his magic wand at the oil companies and say “don’t charge so much.” Yep the free market works.
Yes, I am poking fun at some people. If you don’t see the humor, you might be one of those people.
…Yea it’s been “free market” all right…free to charge us what they care to…Read the profit column for big oil…
Now if gas price will just keep going down and my paycheck go up…
The main reason that prices are so high is related to environmental regulations and the fact that we have not built a new refinery in my life time. Based solely on crude oil prices, gas should be under $1.50 a gallon. It is not because the radical environmentalists wont allow for the construction of new or the expansion of existing refineries. Personally I want additional refineries to lower the cost of finished oil prices and to increase traffic for the railroads.
If you support bans on offshore drilling, bans on drilling on Alaska’s North Slope, bans on construction of new refineries, and forcing the oil companies to provide a different gasoline blend to comply with the standards of each state, then you have no right to complain about the price of gasoline.
Ouengr is exactly right.
When the free market and the laws of supply and demand are allowed to function without interference, the consumer comes out ahead. Some dummy proposed price controls on gasoline recently; this wouldn’t increase the supply at all, and wouldn’t affect demand.
Modelcar - do you begrudge the oil companies their profits? Or any other company? Suppose you owned a company. Wouldn’t you want to make a profit? Would you want some complainers going to the government to make it tell you how much money you could make?
I don’t think so.
Use your heads, guys. When supply goes up, prices go down. It’s as simple as that.
Old Timer
Old Timer,
Wise words, friend.
Old Timer…I respect your opinion. Most of us have one. I have many years of experience with how much of what we’re discussing here works too. {Yes, I agree “big Oil” must make a profit, a decent profit }, and they have been and most of us know that margin has vastly increased recently…I even own some of their stock but I’m not interested in their insane prices for the fast buck…done on the backs of most Americans. Especially some of it done in times of crisis, such as recent turmoil of hurricanes. Back in the early days of this weather turmoil gasoline prices rose 70 cents in one 24 hr. period here in our “town”.
No it hasn’t! The reason the price of gasoline went up during the hurricane was the damage to the refineries, and the oil tankers were delayed. I suggest you change your news source about the oil industry.
James…I’m well aware of what affects the hurricanes had…And I believe I can find proper news sources without your advice.
"Modelcar - do you begrudge the oil companies their profits? Or any other company? Suppose you owned a company. Wouldn’t you want to make a profit? Would you want some complainers going to the government to make it tell you how much money you could make?
I don’t think so.
Use your heads, guys. When supply goes up, prices go down. It’s as simple as that."
Large profit? It woudn’t be gouging, now would it?! I believe thats against the law.
A New Orleans area friend told me last Tuesday that BP announced they were going to donate $440 million to the recovery effort. Not exactly chump change.
payton…not sure what the point is of repeating Old Timer’s statement but I simply made my feelings on the subject clear and we’ll just leave it at that.
Lets put gas at a buck 50 again and let everyone me happy.