Let me see re: gas prices

[exUte]

http://www.bloomberg.com/apps/news?p...efer=worldwide

Output (supply) is up and will remain up. Demand is down. Cost per barrel of oil is down. Gas prices still high.

You supply/demand nutz, tell the rest of us why.

[Indy Coug]

Originally Posted by exUte

http://www.bloomberg.com/apps/news?p...efer=worldwide

Output (supply) is up and will remain up. Demand is down. Cost per barrel of oil is down. Gas prices still high.

You supply/demand nutz, tell the rest of us why.

Gas prices are nearly 20% lower than 2 months ago where I live. "Still high"? Yeah, but they aren't as high as they were.

[SeattleUte]

Originally Posted by exUte

http://www.bloomberg.com/apps/news?p...efer=worldwide

Output (supply) is up and will remain up. Demand is down. Cost per barrel of oil is down. Gas prices still high.

You supply/demand nutz, tell the rest of us why.

There's not much more disgusting than an unprincipled conservative. Leave the oil companies alone, you creep.

[exUte]

Originally Posted by SeattleUte

There's not much more disgusting than an unprincipled conservative. Leave the oil companies alone, you creep.

now we'll here about the oil companies not being monopolies. When I go to any intersection in America and see all the gas prices the same, that is a defacto monopoly.

[BYU71]

Originally Posted by exUte

now we'll here about the oil companies not being monopolies. When I go to any intersection in America and see all the gas prices the same, that is a defacto monopoly.

I have never thought of it that way. How different are the prices at Wendy's and McDonalds. If you go into the convenience store at the gas station, is there a big difference in the price of a can of pepsi vs a can of coke.

I think also if you want to make the effort you could drive around and find some price differences on the price of gas.

[ChinoCoug]

Originally Posted by exUte

now we'll here about the oil companies not being monopolies. When I go to any intersection in America and see all the gas prices the same, that is a defacto monopoly.

no, under perfect competition the prices are all the same too. that's not a sign of monopoly.

[Indy Coug]

Originally Posted by exUte

now we'll here about the oil companies not being monopolies. When I go to any intersection in America and see all the gas prices the same, that is a defacto monopoly.

At any given intersection, the gas prices may indeed be all the same (due to the competitive pressures of a free market where people can readily shop for a better price within eyesight), but go another 1/4 - 1/2 mile down the street and you often will see different prices.

I live next to a street with a bunch of car dealerships and in the space of 1.5 miles I can find prices that vary by as much as $0.15 a gallon, depending on their proximity to the interstate highway that the street has access to.

[exUte]

Originally Posted by BYU71

I have never thought of it that way. How different are the prices at Wendy's and McDonalds. If you go into the convenience store at the gas station, is there a big difference in the price of a can of pepsi vs a can of coke.

I think also if you want to make the effort you could drive around and find some price differences on the price of gas.

And you don't have to eat out. You do have to put gas in your car......last time I checked. It's not an option for 99% of the citizenry.

[landpoke]

Originally Posted by exUte

And you don't have to eat out. You do have to put gas in your car......last time I checked. It's not an option for 99% of the citizenry.

Bullshit. There are plenty of other options for 99% of the citizenry. You're just a spoiled little bitch like most Americans and won't make the personal sacrifice needed to take advantage of those options. Instead you want the government to step in and make the big bad oil companies lower their prices. At best that's socialism, at worst communism.

It's time for you to take some responsibility for your life.

[Coonass]

Originally Posted by exUte

http://www.bloomberg.com/apps/news?p...efer=worldwide

Output (supply) is up and will remain up. Demand is down. Cost per barrel of oil is down. Gas prices still high.

You supply/demand nutz, tell the rest of us why.

unfortunately, contrary to popular belief, oil prices tend to be regional in nature. How much oil a certain region (south, rocky mountains) has, has an affect on prices locally. Local with an international twist. Yes, international prices dictate the going rate but local markets can dictate supply and demand and whether prices fall quickly or not. The more liquidity there is in the region, the lower the prices will go quicker. It also depends on the dynamics of the local markets. Are there a lot of diesel, Kero or Jet fuel demands or is it just gasoline? Producers can push their cuts of products different direction depending on where the price is highest..................by the way, they are in the business to make money.

Given the fact that the producers (majors like Exxon and Chevron) only make about 8.5% profit, its a wonder they get hammered so hard. Even food producers often make more than that...........Who says gasoline isn't as emotional as politics?