Gas Prices = Chaos

[zac07]

I guess $3.50 doesn't suck as bad as I thought it did.

[jeepinbanditrider]

It'll keep happening as long as we are willing to take the big petroleum dildo. I ride nearly everywhere I go and my car gets low 30s MPG so I don't really sweat it. Now my Jeep rarely ever moves any more LOL it gets 20 MPG if I'm lucky but around town gets 16 MPG.

To bad the oil companies pretty much have everyone by the balls because no one can do anything unless they use oil in some fashion. Even if you walk everywhere the stuff you buy moves on fuel.

If the fuel were stopped we would have to switch to some kind of local economy and crop system overnight and you can bet people are going to starve. The only way to maintain the population we have now is to burn fossil fuels. NO other way around it.

[45s4life]

As of this morning I saw $3.51/gal. But it amazes me that the barrels that the price has gone up on is still in the ground and the stations are raising prices based on future drilling. In the 70's there was a law against it but I guess the government doesn't care about us working class people.

[afmo]

17 billion...jesus h christ...would it be too much to ask that they cut the price in half and only make 8.5 billion in profit?

[vthompson]

I too paid 3.90 a gallon yesterday.And I happen to have a gas hog 17mpg. I have also been stocking up on ammo too. I have over 1000 rnds.and am getting ready to buy another 1000.

[BabySpice]

$3.50 here this weekend. But it still hurts.

We are stocking up on ammo, canned goods, rice, pasta, all the staples. **** is going to hit the fan and soon!

[Bowser4x4]

I have been running the F150 on E-85. Overall, the decrease in cost is a little more than the the decrease in mileage, so I am coming out ahead, but not by a lot. But I ain't buying as much of the imported oil as I used to.

Yep, do understand that there is a lot of fuel used to make the ethanol, but if the demand keeps going up,and the big tractors/combines start running more bio-diesel, then it will come out more on the positive side.

As I once heard: "I can run my car on corn, but you can't eat your oil!"

Woof
Bowser

[Gadget]

BrickBoy, calling BrickBoy. Come in BrickBoy! We need some input from you on this thread. Over.

Originally Posted by afmo

17 billion...jesus h christ...would it be too much to ask that they cut the price in half and only make 8.5 billion in profit?

Not that I am an expert, but some people don't have a good understanding of economics and the fact that oil is a commodity traded on the world market.

afmo, if I paid a $1 for a gallon of gas and sold it for $1.10, I've made 10 cents profit. If I cut the price I sell it in half, $0.55, my profit doesn't drop to half, I'm now taking a 45 cent loss. It just doesn't work that way.

Oil is sold on the world commodity markets to the highest bidders. Oil buyers are clammoring to be the winning bidder and prices get driven up. Supply and Demand! Read up on it. As Demand rises, so does the price.

[afmo]

yes, i understand that it doesn't work that way...i should have said "cut their markup price in half." not "the price." Gas and Oil prices are the highest they've ever been, and go figure, oil companies are raking in record PROFIT. not income..PROFIT. i'm not saying that profits are a bad thing...but 17billion? c'mon...they are making obscene gobs of money while the rest of us get raped every day at the pump, the government gets almost 20 cents a gallon, state gets almost the same amount...and our infrastructure is falling apart...its a clusterfu*k of epic proportions....

[chromechicken]

It is not the government's place to tell oil companies "you will only make $XXX in profits" or "Gas will be sold at $X.XX, and that's how it is, because the poor little working man has a hard time not buying cigarettes, beer, and McDonald's cheesburgers and paying your prices". It's generally referred to as a FREE MARKET. What some are talking about with regulation by the fedgov is called COMMUNISM. Over-regulation by the government is one of the many reasons we are in this spot right now.

If you want to live in a place where the federal government should have that kind of authority, then you should maybe move to a socialist (or more socialist) country. I'm sure Alec Baldwin and BHO could point you in the right direction. Otherwise, suck it up for a while, the market will sort itself out eventually. I drive 45min to post every day at 5am. That's my fault for buying a house out in the country where I can hunt and shoot. I don't expect the government to bail me out because my decisions are costing me more money, and niether should anyone else.