Forum Discussion
80 Replies
DutchmenSport wrote:
I hate to drum up an old idea that seemed to get a lot of folks agitated, but I just filled up the car with Regular gas. It was $2.99 today. One week ago it was $2.32, same gas station.... yup ... the elections are over all right!
Can you (or anyone else) explain the connection between oil/gasoline prices and elections?- ......
- Same around here with a 18-22 cents a gallon rise.
- I hate to drum up an old idea that seemed to get a lot of folks agitated, but I just filled up the car with Regular gas. It was $2.99 today. One week ago it was $2.32, same gas station.... yup ... the elections are over all right!
- Fully one third of the price of a barrel of oil is the result of speculators like Goldman Sachs and others of equal infamy playing the market. The futures market used to be comprised of oil producers and heavy users like the airlines who wanted to stabilize prices. But in our current anything goes so long as their is a profit this has changed radically.
With a decline in the price of a barrel of crude from Saudi Arabia and the temporary supply for the next two years from fracking in the USA, the speculators have to shed their positions in a hurry. The drop in the current market price reflects the real price without the influence of the banksters.
It is temporary as the average well from fracking lasts less than 24 months. Most lose 60-90 percent of their output in the first 18 months which is why tens of thousands of them have been drilled as new wells are needed to replace the lost output from wells drilled a year or two earlier. bgum wrote:
Some people never let the facts stand in the way. Here are the facts:
Consider that the average price of a regular gallon of gas at U.S. pumps was $1.85 when Bush was sworn in for his second term in January 2005 and $1.84 when Obama took office in January 2009 on the promise of change, according to the U.S. Energy Information Administration.
Adjusting for inflation, prices rose to $2.52 (Bush) and $2.53 (Obama) seven months into their terms, $2.76 and $2.71, respectively, nearly two years in and $3.27 each three years in.
The highest national average price in history was $4.11 on July 7th, 2008 when Bush was president.
With that said, the president has no control over gas prices.mobilefleet wrote:
And jfkmk's comment is just silly considering he's complaining from New Jersey, a state where you can't even pump your own gas. Maybe your legislature should consider getting in the 21st century and save a few bucks by getting rid of the fuel pump jockeys? and while they're at it, a toll-free NJ turnpike would be nice too.
By the way, I simply made an observation that more fuel efficient cars result in less trips to get fuel, which results in less demand, which results in suppliers reducing prices. Somehow that makes the haters come out of the woodwork.
Dude, I'm not complaining at all! Not sure what your comment regarding NJ residents having full service means. Our gas is still among the cheapest in the nation! As far as toll roads go....I'm with you! They should ALL be torn down!
Not sure what you mean by "hater". Dude, drive whatever you want! It just makes me laugh when folks think their electric cars are "zero emission" since electricity is produced by some petty dirty fuel. Or, in the case of hydroelectric, some of the most ecological unfriendly things like dams. Or windmills that take out thousands of birds. And the batteries are extremely hazardous to the environment.
By the way, the subsidized electric and hybrid cars mean less tax money from the gas tax. Do you think politicians from either party are going to do with less? Don't think so. They will raise the tax somewhere else. It's already being talked about.Ron3rd wrote:
bigred1cav wrote:
election is over Republicans won, prices will skyrocket.
Not really, Washington or even the President has very little control over the price of gas.
Really, oil companies control the costs and in every election year since gas skyrocketed the oil companies lowered costs prior to the election. Koch etal know where their bread gets buttered.mobilefleet wrote:
beemerphile1 wrote:
mobilefleet wrote:
it's going down because more people are driving a prius like me...
Let's not forget that it is also tax $$ that are supplementing the purchase of electrics and hybrids through tax credits.
Can I borrow the Prius this weekend, seems only fair since I helped pay for it? :B
wondering how you paid for it, since the tax credits are an offset on MY income when I file taxes, not yours. Credits don't come from a pile of other people's pooled money. But I guess you didn't know that. Thus, the supplement would be from what I earned, not what you earned....
Partly correct, you paid less tax on your income than I and other taxpayers. Those are tax dollars that did not go into paying the country's bills. Consequently all taxpayers contributed to the purchase of your car.
I don't blame anyone for paying the minimum in taxes, only a fool would pay more than required. However, the fact is that tax credits come out of everyone's pockets.- In days of old OPEC got bold and jacked the prices a bit, Oil companies got even bolder and really jacked the prices, way more than they should have.
Well, this sparked a move to "Economy". where as cars back then double digit MPG's were considered good and triple a dream.. Today we have 30-40 MPG cars all over the road and some of the electric/gas models easily push triple digits (Of course they burn Kilo-watts more than gas so that savings is not so big to the owner but it sure hits those OPEC Shieks where they live.
The result is the US has reduced it's oil consumption by several times what we import from OPEC. We can indeed tell 'em to stuff it back in the ground.. Why we have not I do not know. (Well, I do know, but I do not want to discuss it here) ...
We really need to tell 'em where to stuff it.
But what we really need is to throw a party for the oil company execs.. A good old fashion Western Necktie party, at least the political equivalent (the real thing is kind of illegal after all).
