price of gas

IF the Republicans think I,am going to change my vote because of lower gas prces their WRONG.

Yea lets all vote Demo that way the TAX on the gas can double Gas was $2.59 in Cairo NE yesterday. Keep on coming down baby and down with the demo’s

Where did that come from?

You sure you don’t mean $2.59. At 1.59 I’m out buying some storage tanks.

We are showing a low of 2.57 here in the Twin Cities and a high of 3.09 (Full Service), still a lot of them at 2.99. So tell me that the station owners are not gouging.

At the start of the new millennium in January 2000, the price of gasoline stood at $1.26. This was the average per gallon for regular unleaded in the U.S., reported by the Energy Information Administration. Mutiply that by 2 and what do you get…… The price of gas more than doubling while the reps are in control.

So can you find figures on how much taxes have decreased sinces the Reps have been in control?? Thanks Ben and I look foreward to your numbers. I should have known that all that tree hugger food was fueling your demo side

This could get out of hand in a hurry. LOL. Gas has gone up considerably since 2000, maybe it would have with a democrat too, who knows. I vote on the issues, not on the party. And I know the station owners are not the ones getting rich, but smaller stations have to make enough on one load of gas to pay for the next should there be an increase, thats pretty simple to understand. If you cant even pay for the gas to sell, you are probably not going to make it.

Of coarse you wouldn’t want to mention that China has been gobbling up all the raw materials and oil they can get their hands on in the last 6 years.

You remember that little country over in Asia don’t you? They only have about a billion more people than we have. A BILLION!

And they are just starting to get their groove on and catch up with the rest of the world.

This couldn’t drive the price of oil up could it?????

So if the Dems get voted back in are gas prices going to go back down to $1.26?

I wish I lived in a world where things were that easy.

Why the .90 increase in the last 6 months ?

big g

So the demand from China has suddenly subsided?

I think the “record profits” for oil companies, says it all.

big g

Wow guys, Deep Breath, Deep Breath.

My first question is how can the Republicans have that much say over the gas prices, that all the sudden prices go down when campains are starting.

This is a little more then a Political issue, and there are way too many pi$%@d off people that are trying to blame one party or the other.

One word, Relax, We will never have control over it, get over it and do what you have to.

Political instability in the mid-east is the main reason for the inflated prices. Most recently, the flair up between Israel and Lebanon. Particularly disturbing is the fact that Hezbola is backed financially by Iran who has a stated goal of the total destruction of Israel. Don’t care to face the facts? Then don’t pull your head out of the sand in which it is currently stuck!

Heres the facts. What you stated about Hezbola, are excuses for higher prices, not facts. My head is fine.

Oil Profits

Record profits are the “result” of political instability, not the “cause”. Google up future markets and how they work.

-J.

Record profits are the “result” of higher prices at the pump. Don’t need to Google that.

My question is.. During the 80’s when something made the headlines, why didnt gas prices go up? It seems everytime theres a headline, theres an excuse.

I remember the day gas went from .89 to $1.31 like it was yesterday. It was one week after Iraq invaded Kuwait.

There was concern for an oil shortage if Iraq gained control. Many oil fields were lit a blaze. But that was 15 years ago. The US gets very little oil from the mideast. We can assume gas prices would increase over the years. But not everytime something makes the news. Its getting ridiculous. And isnt this a big travel weekend? How come gas is coming down everyday?????

If I said this once, I’ve said this 25 times in the past year on the site.

That is:
Price of gas is all based on future projections. Gas is bought on “futures”.

Please, do some research on how this works in the market. Don’t look at some goofy political site that puts a spin on it. Do research on how they come up with the price of oil. It has nothing to do with an oil man sitting in office or a peanut farmer from Georgia.

It is about OPEC and buying of “futures”.

If a catastophe, war, embargo, hurricane effect “todays” production or causes a “risk”, then the price of the future barrel of oil increases.

It is no different than farm prices for corn. We (MN, ND, SD, NE) have been hit with a drought. Because of this, future prices of corn is high. So, the person this spring that sold 50,000 buschels of corn on the futures market and can deliver that corn is probably going to loose money. Because corn will be higher priced than what that future price will be. He has to sell based on the future price. Not “today’s” price.

Do your homework and your own research on this. It has nothing to do with Bush being in office. For if you think it is Republican’s fault, what is your reasoning for the $1.40/ga for when Carter was in office in the late 70s?

Derek~
That is a good question with this being one of those BIG travel weekends and usually in my area we see a raise in gas on weds. I was always told that the government always told that to control travel and protect against oil shortage the government opts to raise gas prices during these times of busy travel so we the people will limit our travel usage of fuels..
But it is now thursday and the price has stayed where it has been since monday 2.76 a gallon. But I went out yesterday and filled up all my gas cans to make it thru the weekend with plenty of fuel so if they delay the raise I am well set already…

Whatever, neither Republicans nor Democrats can control the price of gas, because most does not rest within our shores. Amd, relatively speaking during the Carter Administration the real price of gas was actually higher.

The prices do hurt, instead of $65.00 to drive back and forth to see my 90 yeat father it is now like a $100.00. However, the subsidies are based more on stuff like E85 which costs more to produce and doesn’t do a darn thing for lowering gas prices. The latter (E85 issue) has been extremely political despite the fact the production of E85 causes more pollution.

And you car/truck does not run as well.

I thought the government was removed from the price control equation due to it’s negative impact back in 1973?

I know the government doesn’t allow price gouging, in which no politician or attorney has ever found in all of their research. However, the government doesn’t control the price of gas was my understanding?

Am I wrong on this?

Quote:

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I was always told that the government always told that to control travel and protect against oil shortage the government opts to raise gas prices during these times of busy travel so we the people will limit our travel usage of fuels..

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That’s funny. Since when does the government have control over gas prices? The government’s only influence over gas prices is taxes! The last time I checked, gas taxes have remained stable for several years here.

-J.

It is the simplest supply and demand that there is, along with inflation gas also has more and more use everyday, more cars on the road, 4 wheelers, snowmobiles, and yes boats, I know it is hard to do but if everyone would cut down on use there would be less use therefore more supply.

Just a little noon time ramble here…..

Here’s what always get my goat when people gripe about gas prices. They want to lay blame, they want it changed, they want “Someone to do something”! But are totally unwilling to do anything themselves. Why is that?

Fact is this country is at war with terrorists and religious fanaticals. It is their main goal to destabilize the US economy. Tripping up oil supplies is and will continue to be one of their main targets. Relate that back to the futures market. For those of you who don’t understand futures, it’s basically a price that an investor is willing to pay today for something that will be delivered in the future. Oil, for example is about a 3 month market. It’s a huge gamble for the oil companies and investors to put up billions of dollars today for something that may or may not be delivered in the future. There in lays the “gamble” that may or may not pay off. Every time a well, pipeline, loading dock, get’s bombed. Every time an oil exec is murdered. Anything tat “Destabilizes the current situation, futures will go up. That can be directly transferred to a “Win” for the terrorists and a price hike for all of us who are “infidels”.

Let me remind everyone that profits are good. Even better for American owned companies and stock holders. If anyone really believes that there is someone sitting in a room deciding what the price of gas will be today, they are severely mistaken.
Let me also remind you that Democrats are really not too concerned about the high prices. That is evident in their total lack of any action on the subject. Why? Because Dems want high prices to lower consumption. (Lower consumption, lower pollution, lower green house gasses, more mass transit…blah, blah,blah.) This was one of John Kerry’s goals in his last election. He campaigned on a pledge to raise federal gas taxes by at least .50 cents a gallon. So the real question here is. Who would you rater have take your money? The government or a publicly held private company. My guess is if you are a Democrat, the answer is Government. If you are a Conservative, the answer is private company.

For me, bottom line is this. I know “I” can’t really do much of anything to affect the price of gas. That’s right – not a thing. Well, except to face reality and deal with it. Everyone one of you reading this should sit down and figure out exactly what and how the price of gas affects you and your family. Look at real numbers and make real decisions and start dealing with reality. For example. In my situation, I’m living in the same house, same car/truck, same boat. When gas was $1.50 a gallon, I spent $1,560 that year on gas. Now I plan on spending twice that much and keep driving, living, making money and having fun. That “Freedom” is well worth the additional $1,560 I will spend this year. That’s me. That’s my reality. Placing blame is going to do nothing to change that reality for me.

I’m ok with that.

-J.

Yepper a big travel weekend. Headed for Winnie for a week and I just see Fleet Farm dropped to $2.54 today. Let’s see 32 gals in the burban and 27 in the boat. I’m happy.

Whoa 2Fishy, Dont bring that crap in here. I dont know where you heard that but you are dead wrong.Ethanol is the fuel of the future. It will be none too soon when we are all driving cars that burn E 85 or better. The Indy racing League cars are burning 100% ethanol this year with an increase in horsepower. You need to do a little homework on credible a web site like http://www.iowacorn.org. There is alot of information on this site that will help reduce such misconceptions like our friend 2Fishy has been fed. Remember, there’s fuel in dem der fields, and I dont wear no turban.

No offense Spinner Dave but I wouldn’t consider a corn growers website an unbiased source. I would suggest do a search on E85 and targeting studies that have been published in journals with a peer review.

None taken James, but who would know better.