Maybe he earned it. Oil doesn't get out of the ground by its own damn self.

Take a hike, pinko.

 

its all a scam

 

The most I payed was 3.19 at exxon yesterday.

 

Payed 3.11 in Melbourne and 3.47 up in Maryland. I have yet to see how much it went up in the Bronx.

 

Right about now in Nebraska, it's around $3.25/gal. Seems we all are in a fairly close range eh?

 

$3.11 a gallon for 93 octane this morning.

 

$3.14 a gallon today for 93.

 

none cuz my car is on stands right now bitches

no, otherwise I was paying like 3.35

 

$3.14


I saw "How hard are you getting..." on the main page for the link to this thread, and I couldn't help it...I had to come see what it was about.

 

You don't think $10.7 Billion dollars in 4th quarter of 2005 is obscene? $10.5 Billion dollars first quarter of 2006? I think it's obscene. Now I don't know about the oil industry, but in every industry I've ever been involved with, when the price of the raw material goes up, the manufacturer takes it in the butt for a while, but then the final product's price goes up in accordance with the material costs...not exponentially as we've seen with fuel prices. How about when the gas prices went up when Israel attacked Hezbollah in Lebanon? Neither of these countries are involved in oil export to the US, but the prices went up. The reason a representative of Exxon gave said that there was a chance that Israel could push into Syria, and that if that happens, Iran might get involved, and Iran does produce oil exports. That sounds like obscene reasoning, too.

While we're at it, Bill Gates doesn't own Microsoft, the shareholders do. He's not even President or CEO anymore, he's the head software engineer (until he steps down later in the year). But I'm just nitpicking now.

You're right, and I agree with all of this...we in the US have a free economy, and it's up to the oil companies to decide what they want to charge for their product. That's fine for most things, but for something like oil, which essentially determines the price of everything, and therefore the state of the economy itself, I think more controls should be in place.

From 1955 to 2000, average fuel prices about doubled, over a span of nearly fifty years. From 2000 to 2006, prices have more than tripled, in a span of only 6 years. I don't really think demand increased that much that quickly.

 

That's not quite how it works. Oil is sold on the global market. Whatever people bid for it... that's the price. The companies don't decide what price is paid, the buyers do. Companies make big profits when they can produce oil for less money than their competitors. Since everyone gets the same price at market, the ones that produce it cheapest are the ones that profit the most.

So is it a f***ing crime to produce something more efficiently?

Where do you think those profits go to, anyway? They go to making sure that they find newer and cheaper ways to produce oil. No profits, no new equipment, no new oil wells drilled, no competent employees hired and retained, etc etc etc.

You and your "I think there should be 'some' controls" bullsh*t can go straight to hell. If you're totally ignorant of economics and the principles of freedom on which this country was founded, then you need to shut your mouth.

 

Hey, nice attitude. You're right, I'm no economic expert, I just see what the rest of the general public sees, and that's oil companies making record profits while we're paying record prices.

See you in Hell, bro.

 

I only use jetfuel

costs about $100/gallon, but that's cool bc it has a performance number of ~120.

 

Just payed $2.93 tonight for 92 octane. I think I got a chubby when I saw the sign

 

I paid $2.94 per gallon yesterday (for 92).

 

3.41 Shell V-Power (93 octane)
5.85 Gas City Rocket Brand Race gas (100 octane)
Dam I use to pay 3.50 for a gallon of 108 LL race gas 4 years ago WTF??
Southside Chicago

 

$2.96 for 93 Octane. I haven't seen anything like that in my area for a long time. I was so excited to see the prices dropping lately.

 

Gas won't stay this high forever. If you look at the oil futures market, people are bidding on 2007, 2008, and 2009 oil at lower $$$ than the price of a barrel today.

A lot of what makes gas so expensive today is not that the gas is much more expensive, but that our dollars are weaker. Inflation is a stone cold b*tch.

This was published back in may but it's still valid to our gas prices right now.

 

Excellent post's from you on this subject.

Like I said before, Most of the guys complaining could NOT define a stock 'future'. They simply regurgitate crap they heard on the evening news and 'think' they know it all...

 

Just glad there's something to be optimistic about.