03-06-2012, 20:36
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#1
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Quiet Professional
Join Date: Aug 2004
Location: NorCal
Posts: 15,370
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What's Behind These High Gas Prices?
Interesting reading.
With Americans consuming 300 million gallons of gasoline every day, this really is a billion-dollar question. The answer? It's complicated. The U.S. is the world's biggest gasoline consumer, and it increasingly relies on imports of foreign crude oil to meet that need. Global crude supply and demand, which is influenced by politics, speculation and natural disasters, has a powerful effect on the cost of gas in America. Federal and state taxes, regulations and the cost of distribution top off prices at the pump.
http://www.npr.org/2012/03/06/148087...medium=twitter
And so it goes...
Richard 
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“Sometimes the Bible in the hand of one man is worse than a whisky bottle in the hand of (another)… There are just some kind of men who – who’re so busy worrying about the next world they’ve never learned to live in this one, and you can look down the street and see the results.” - To Kill A Mockingbird (Atticus Finch)
“Almost any sect, cult, or religion will legislate its creed into law if it acquires the political power to do so.” - Robert Heinlein
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Richard is offline
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03-06-2012, 22:01
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#2
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Area Commander
Join Date: Aug 2007
Location: Page/Lake Powell, Arizona
Posts: 3,426
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Quote:
Originally Posted by Richard
Interesting reading.
With Americans consuming 300 million gallons of gasoline every day, this really is a billion-dollar question. The answer? It's complicated. The U.S. is the world's biggest gasoline consumer, and it increasingly relies on imports of foreign crude oil to meet that need. Global crude supply and demand, which is influenced by politics, speculation and natural disasters, has a powerful effect on the cost of gas in America. Federal and state taxes, regulations and the cost of distribution top off prices at the pump.
http://www.npr.org/2012/03/06/148087...medium=twitter
And so it goes...
Richard |
Not sure what they meant by this.
Net imports are a the same level they were in 1995 and have decreased dramatically in the last 5 years.
http://www.eia.gov/dnav/pet/hist/Lea...s=wttntus2&f=4
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GratefulCitizen is offline
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03-06-2012, 22:21
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#3
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Quiet Professional
Join Date: Jan 2004
Location: Colorado Springs
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Quote:
Originally Posted by GratefulCitizen
Not sure what they meant by this.
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You did take note of the source, right?
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Razor is offline
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03-07-2012, 05:02
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#4
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Quiet Professional
Join Date: Dec 2010
Location: Florida
Posts: 1,511
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Rising gas prices are a sign that the economy is improving, unless your name was George Bush........
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ddoering is offline
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03-07-2012, 05:10
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#5
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Quiet Professional
Join Date: Aug 2004
Location: NorCal
Posts: 15,370
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Quote:
Originally Posted by GratefulCitizen
Not sure what they meant by this.
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I took it to mean that although net quantities may be less, the quantity of imported crude as a % of whatever the net may be has risen.
Richard
__________________
“Sometimes the Bible in the hand of one man is worse than a whisky bottle in the hand of (another)… There are just some kind of men who – who’re so busy worrying about the next world they’ve never learned to live in this one, and you can look down the street and see the results.” - To Kill A Mockingbird (Atticus Finch)
“Almost any sect, cult, or religion will legislate its creed into law if it acquires the political power to do so.” - Robert Heinlein
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Richard is offline
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03-07-2012, 06:06
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#6
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Quiet Professional
Join Date: Apr 2008
Location: 18 yrs upstate NY, 30 yrs South Florida, 20 yrs Conch Republic, now chasing G-Kids in NOVA & UK
Posts: 11,901
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Stop ALL exploration,
Close down ALL oil producing wells, fricks & fracks,,
Close ALL petrol chemical plants,,
Consume ALL agriculture products (corn, sugar beets, grains) in an effort to create clean fuel AND starve the world (double points)..
This is good for the GREEN economy.
At least that's what the tree buggers say...
Remember,, dead people use less resources than the living...
It's a Win-Win
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JJ_BPK is offline
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03-07-2012, 06:46
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#7
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RIP Quiet Professional
Join Date: Jun 2009
Location: The Ozarks
Posts: 10,072
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NPR? Well, it's bound to be the solid, unbiased truth, but let me crosscheck this with the WaPo and the NYT to weed out any slant. 
Seriously, why don't they just put the reserve up for bid to drive the current price down like they did back in the day?
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Dusty is offline
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03-07-2012, 07:12
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#8
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Quiet Professional
Join Date: Apr 2008
Location: 18 yrs upstate NY, 30 yrs South Florida, 20 yrs Conch Republic, now chasing G-Kids in NOVA & UK
Posts: 11,901
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Quote:
Originally Posted by Dusty
Seriously, why don't they just put the reserve up for bid to drive the current price down like they did back in the day?
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Sounds legit... 
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Go raibh tú leathuair ar Neamh sula mbeadh a fhios ag an diabhal go bhfuil tú marbh
"May you be a half hour in heaven before the devil knows you’re dead"
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JJ_BPK is offline
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03-07-2012, 09:03
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#9
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Quiet Professional
Join Date: Dec 2011
Location: Denver, CO
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IMO, oil futures need to be removed from the commodities trading market. It's just too volatile an industry and has too much of a negative impact on our society. $5 gas will be here soon.
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CW3SF is offline
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03-07-2012, 09:07
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#10
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Quiet Professional
Join Date: Jan 2004
Location: Phoenix, AZ
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Richard posts those articles to keep us on our feet. Nothing like a little NPR or CNN to jolt someone back to reality.... 
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Team Sergeant is offline
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03-07-2012, 09:33
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#11
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BANNED USER
Join Date: Jan 2007
Posts: 3,751
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I can't help noticing how it was $4.21 under GWBII in Jul of 2008 then crashed to below $2 at the election. Now we hear and see the comparisons of gas from when "BHO took office and today". A truthful lie based on clear market manipulation.
Well . . . when I started workin' and drivin', gas was $.33 and minimum wage was $1.60 and I could get 2 chesseburgers, fries, and a Coke and change back from my dollar.
Gas is about 10X more, Minimum wage is 5.2X higher and the same lunch at McD will get me change from my $5.
All I really miss is tossing a buck (for gas) to my buddy as I piled into his car with three other chums; cruisin' Riverside Ave on a Friday night and taking the girls we met to the Mc D after the slow circling. (American Graffitti was a live and well in the mid-70's.) Darn.
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Dozer523 is offline
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03-07-2012, 09:36
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#12
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Asset
Join Date: May 2009
Location: Kansas City MO
Posts: 10
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Quote:
Originally Posted by CW3SF
IMO, oil futures need to be removed from the commodities trading market. It's just too volatile an industry and has too much of a negative impact on our society. $5 gas will be here soon.
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if we eliminated the CL futures contract, how would you propose to perform functions such as price discovery or risk management(hedging)?
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Herdbull is offline
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03-07-2012, 18:54
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#13
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Quiet Professional
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To me, the telling statistic is the number of refineries opened since 1976 (0) versus the number shut down (>100)...
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lksteve is offline
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03-07-2012, 19:11
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#14
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Quiet Professional
Join Date: Aug 2007
Location: Philadelphia,Pa.
Posts: 1,490
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The High Price of GASOLINE?
Quote:
Originally Posted by lksteve
To me, the telling statistic is the number of refineries opened since 1976 (0) versus the number shut down (>100)...
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3 Big Refineries just shut down in the Delaware Valley in the last month?
The new Economics: The less produced ; The Higher the price.
Basically; IT'S JUST GREED. TK
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tom kelly is offline
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03-07-2012, 19:57
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#15
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Guerrilla Chief
Join Date: Sep 2005
Location: DFW area
Posts: 861
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I heard that building ( ASAP, heh, heh ) 5 refineries or so ( sweet and sour ) wouldn't hurt.
Can't wait to drive my golf cart, er, clean electric car around for all of my transportation needs.
Uh, how are they going to generate all that electricity in a cleanly fashion with so many electric cars on the road?
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Last edited by dr. mabuse; 03-07-2012 at 20:00.
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