Gas jumped again

[gotigers1]

Gas just went up at a few area Speedway stations to $3.45 a gal. :stars:

[Banks]

Oil sets fresh record above $109


New York light sweet crude fell back after hitting the high to trade at $108.75. London Brent set a record at $105.40, before retreating to $105.06.

Recent rises are being attributed to the falling value of the US dollar against the Japanese yen and the euro.

Some investors are buying oil, which is seen keeping its value, to protect themselves against the weaker dollar.

Analysts are predicting that the dollar will weaken further if interest rates are cut again on 18 March.

[SternRulz]

Here's a cool link to finding the lowest gas prices in our area...as long as people report them.

http://www.akrongasprices.com/index.aspx?&area=Massillon

[Kamd50]

Gas just went up at a few area Speedway stations to $3.45 a gal. :stars:

Wow That's a 20cent jump just since last night:gasp: I can't wait to see how bad this is going to get.

[OTC TIGER]

Speedway is usually the first to jump prices..:wtf:

[TigerLily]

Oh, for the “good ‘ol days"!!!!

http://hk.ibtimes.com/data/articlethumbs/310.jpg

http://smileys.smileycentral.com/cat/23/23_30_123.gif

[Paul Brown]

I think the Mustang is getting flashed back to a stock tune.. $3.75 a gallon this morning is ridiculous.

[TigerCoach]

I work in Belden Village. The Marathon at the corner of Everhard & Dressler was $3.19 at 7:30 this morning. When a co-worker came to work at 8:30, it was $3.49. I just went out to lunch and it's back down to $3.29. Crazy speculators!

[Paul Brown]

Palm Springs has a Belden Village too?

[TigerCoach]

Palm Springs has a Belden Village too?

No, I'm back in Canton this week. Spent a week playing PGA West and other local places.

[Paul Brown]

No, I'm back in Canton this week. Spent a week playing PGA West and other local places.

I hate you.

[obiefan]

PB- you got that prototype done for the 150MPG ???

[TigerCoach]

There's a public muni course in Palm Desert called The Desert Willow. Most beautiful golf course I've ever been on. Desert landscape in the roughs, snowcap mountains in the horizon, cactus everywhere, roadrunners and jack rabbits all over the course. I shot my career best round there, 79.

[gotigers1]

http://www.cantonrep.com/photos/2008/03/sf11secW_sf_gas_prices.jpg

This the intersection Tigercoach?

Photo from the http://www.cantonrep.com (http://www.cantonrep.com/)

[Kamd50]

How much do you want to bet that along with the price increase we will also see an increace in people stealing and siphoning gas:furious:

[Paul Brown]

PB- you got that prototype done for the 150MPG ???

214 mpg, but i'm stuck at a setback right now.

[TigerCoach]

http://www.cantonrep.com/photos/2008/03/sf11secW_sf_gas_prices.jpg

This the intersection Tigercoach?

Photo from the http://www.cantonrep.com (http://www.cantonrep.com/)

No, that looks like the Speedway on Fulton & Everhard. I'm talking about the Marathon across from The Pub.

[Smitty]

... Recent rises are being attributed to the falling value of the US dollar against the Japanese yen and the euro....

The price of gasoline has NOTHING to do with the trading of currency, the politics in Baghdad (or Washington DC), or the number of refineries in production;

... it's all "supply and demand". Economics 101, my friends. When demand goes down, the cost will go down.

[gotigers1]

No, that looks like the Speedway on Fulton & Everhard. I'm talking about the Marathon across from The Pub.

Ok, I got confused. That's the Bellstore Marathon and Speedway at Everhard.

[Banks]

The price of gasoline has NOTHING to do with the trading of currency, the politics in Baghdad (or Washington DC), or the number of refineries in production;

... it's all "supply and demand". Economics 101, my friends. When demand goes down, the cost will go down.


Another factor pushing up prices was last week's decision by the Opec group of oil producing nations to keep output unchanged, despite rising demand for crude in China.

At the same time, the dollar has fallen to new lows against the euro and other key currencies, and was hit again on Friday by a US employment report showing the labour market was at its weakest in five years.

This prompted traders to seek refuge in commodities, including oil and gold, which are more likely to sustain their value than the US currency.

Opec has blamed the high prices on speculators, but in its latest monthly report the International Energy Agency (IEA) warned that speculation is not the only cause and that high oil prices are here to stay.

The IEA also said that while a slowdown in the US may moderate the demand for oil from the West, it would be offset by increased demand from the rest of the world.

"Only a protracted and severe global recession would justify a sustained dip in oil prices" to below $60 a barrel, the report said.

[hartville tiger]

I heard rumors that gas may go as high as $4.10 a gallon soon. What most people don't realize is that when the price of gas goes up all consumables are tied to it. The truck drivers that deliver goods will have to pass the cost unto the consumers. Your favorite restaurant will also raise their prices. What are we looking at $5.00 a gallon next year. The high prices will effect the economy, because people will choose to stay home instead of spending money. The only people benefitting from this is the oil company's and it's stock holders. Not one dam presidential candidate will address or attempt to do anything about it either. Oil companies are big political money for the candidate who choose to do nothing.

[Dingma608]

When Bush took office the price of gas was $1.47 a gallon. Cheney was the CEO of Halliburton and the head of the energy commission who negotiated all the big oil deals with companies like Enron and made all those CEO's rich. Now Cheney is going to the Middle East to talk to OPEC about producing more oil and bringing down the prices. What a joke! I don't claim to know alot about how it works but even I can see how hypocratical this is. If this isn't the most corrupt administration ever, I don't know which one is.

[freddy g]

Up here in Parma this morning it was 3.19. Today on my way home from work it was 3.69. Just think it's only Tuesday, wait until the weekend.

[werperry]

When Bush took office the price of gas was $1.47 a gallon. Cheney was the CEO of Halliburton and the head of the energy commission who negotiated all the big oil deals with companies like Enron and made all those CEO's rich. Now Cheney is going to the Middle East to talk to OPEC about producing more oil and bringing down the prices. What a joke! I don't claim to know alot about how it works but even I can see how hypocratical this is. If this isn't the most corrupt administration ever, I don't know which one is.

:notlistening: ...i am no longer a fan of W...but, Jesus Mary & Joseph..i am sick of idiotic talk like this. blah, blah, blah...

:wall:

[werperry]

i filled up in Madison, WI today for 3.09/gallon....

in the northern Chicago suburb where i am...it's $3.29.

in the city...the news showed prices ranging from $3.40 - $ 3.59/gallon.

[austinsm11]

I guess I am lucky paying $3.15 a gallon.

[CarlE]

What a joke! I don't claim to know alot about how it works

Well, at least this part of your post was right. By the way, I DESPISE The Dick Cheney.

[massillonmarine]

I paid $3.999 today for Diesel in my work truck.

[massillonmarine]

Actual image from a gas station in Georgia during the black out.....

http://cdn.news.aol.com/aolnews_photos/0c/03/20050901143609990001

[dataintsmiff]

When Bush took office the price of gas was $1.47 a gallon. Cheney was the CEO of Halliburton and the head of the energy commission who negotiated all the big oil deals with companies like Enron and made all those CEO's rich. Now Cheney is going to the Middle East to talk to OPEC about producing more oil and bringing down the prices. What a joke! I don't claim to know alot about how it works but even I can see how hypocratical this is. If this isn't the most corrupt administration ever, I don't know which one is.

I know, I know, its all GW's fault...How many times do we have to hear that before it gets old? :cry:

[massillonmarine]

I'm guessing this was about ten years ago....

http://i29.tinypic.com/2j4vgaa.jpg

[TigerCoach]

The only people benefitting from this is the oil company's and it's stock holders.

And just who do you think those stockholders are? That's another great idea from our dumocrat party, let's create a windfall tax and take money away from these big oil companies. Take notes:

More taxes for oil companies means less profit...
Less profit means declining stock prices and possible reduced dividends....
Declining stock prices means lower value for shareholders...
For retirees, lower values and reduced dividends mean lower income....
And who ae these stockholders again?

We, the people, who own stocks and mutual funds. The management of Exxon only owns 1%-2% of the shares, the balance is owned by mutual funds that we ALL own in our 401(k), pension plans, and annuities.

Now does that sound like a great idea? Class dismissed.

[CarlE]

And just who do you think those stockholders are? Now does that sound like a great idea? Class dismissed.

I know I am. But let everybody else bitch about it instead of using some logic and INVESTING in it.

And I like how you ended your post, TC.

[Red50Go]

Small consolation to the independent truckdriver going out of business or senior citizen who cant afford heat. Probably not the ones heavily invested in Exxon or big oil stocks.

Hey I am the same way. But I have money. And made more money off war, bird flu, hurricane, flood, you name it. Kinda callous though not to acknowledge those that are hurting. I am not here to bash Bush but I think there was a moral obligation to have an energy policy and get off oil when we sent our kids there to fight and die.

[savage4president]

The price of gasoline has NOTHING to do with the trading of currency, the politics in Baghdad (or Washington DC), or the number of refineries in production;

... it's all "supply and demand". Economics 101, my friends. When demand goes down, the cost will go down.

Or when that cabal known as OPEC decides to up the supply!

[savage4president]

When Bush took office the price of gas was $1.47 a gallon. Cheney was the CEO of Halliburton and the head of the energy commission who negotiated all the big oil deals with companies like Enron and made all those CEO's rich. Now Cheney is going to the Middle East to talk to OPEC about producing more oil and bringing down the prices. What a joke! I don't claim to know alot about how it works but even I can see how hypocratical this is. If this isn't the most corrupt administration ever, I don't know which one is.

You're right...you don't know much about it.

[Red50Go]

The price of gasoline has NOTHING to do with the trading of currency, the politics in Baghdad (or Washington DC), or the number of refineries in production;

... it's all "supply and demand". Economics 101, my friends. When demand goes down, the cost will go down.

True, but I hope you agree our monetary, domestic, and foreign policies do affect supply/demand - which of course directly affects gas & oil. Btw, economics 101 says oil at $75 and gas well under $3. I buy ALOT of energy, and thats where most leading experts price them based on fundamentals. The rest is built in premiums on spec. trading (artificial supply/demand), fears, "the war", etc.

[section3]

i just checked a web site that compares gas prices and as of march 3rd. we were averaging at $3.39 a gallon including taxes. internationally france was at $7.91, germany $8.13, italy $7.99, u.k. $7.91, netherlands $8.85. this was converting liters to gallons and averaging it out.

[SuperBran]

More taxes for oil companies means less profit...
Less profit means declining stock prices and possible reduced dividends....
Declining stock prices means lower value for shareholders...
For retirees, lower values and reduced dividends mean lower income....
And who ae these stockholders again?


and how many people own stock in oil companies compared to those who don't? i'm guessing that the vast majority of people in this country do not own this stock. your post would be more persuasive if most people in this country owned exxon stock.

i hope their dividends exceed the money they pay for gas and the other increased prices they will be paying due to the climbing gas prices.

[CarlE]

and how many people own stock in oil companies compared to those who don't? i'm guessing that the vast majority of people in this country do not own this stock. your post would be more persuasive if most people in this country owned exxon stock.

i hope their dividends exceed the money they pay for gas and the other increased prices they will be paying due to the climbing gas prices.

Um, whose fault is it that they don't own stock in the oil companies. It's out there every day to buy. His post is VERY persuasive. Unfortunately, people have chosen different routes to deal with the companies. Perhaps some folks should wake up and listen to what TC is saying.

[savage4president]

Um, whose fault is it that they don't own stock in the oil companies. It's out there every day to buy. His post is VERY persuasive. Unfortunately, people have chosen different routes to deal with the companies. Perhaps some folks should wake up and listen to what TC is saying.

It's the governments fault...don't you know that in socialist societies, they are just supposed to give you wealth? I mean individual initative is bunk, we need the nanny state to make certain that every individual is given 100 shares of Exxon at birth in a dividend replacement plan. Forget the little football, we need stocks!!!!!!!!

[pnthrfan]

Come on now everybody....we can't blame the President for the gas prices....HELL he doesn't even know how much a gallon of gas costs. :upside: Check it out!!


http://www.youtube.com/watch?v=rIHDPd7jHjE&feature=related

[SuperBran]

Um, whose fault is it that they don't own stock in the oil companies. It's out there every day to buy. His post is VERY persuasive. Unfortunately, people have chosen different routes to deal with the companies. Perhaps some folks should wake up and listen to what TC is saying.


how many people in this country actually have enough money to spare to buy enough shares right now to have it actually pay off? there are so many people out there who cannot afford to buy stock b/c they're strapped for cash. this includes many americans who work harder than you and me. last i checked exxon was selling at $86/share. $1000 gets you a whopping 11 shares.

his post is not persuasive at all. again, if most people had stock in oil companies then he could make an argument. then you could say that lowering gas prices would affect most of america. however, i'll guarantee that the vast majority of people in this country do NOT own such stock. there are more people being affected right now by rising gas costs than there would be stock owners of oil companies should the price drop.

gas prices continue to rise dramatically. it wasn't too long ago that people were shocked about gas rising above $2. now we're worried about $4/gallon. our ecomony is coughing right now, trying to avoid getting sick. i highly doubt that lowering the price of gas would put us in a worse position than we are in right now while gas prices steadily climb.

the oil companies can be as greedy as they want. that's the way it works in this country, and is also what makes our country is so great. however, their greed will soon come back to bite them right in the butt. pretty soon people won't be able to travel (especially air travel). the airlines will have to raise their prices due to the increase gas prices, and people just won't be able to afford to fly. then the government will have to find a way to keep our airlines from going under. people will also stick close to home and won't have much extra money to spend. that, coupled with merchants having to raise prices to cover the higher gas prices, will really affect our economy. the prices will also push people to develop new sources of fuel, and to develop more gas efficient cars. when this comes to a head, we'll see how much profit these oil companies take in.

[savage4president]

i highly doubt that lowering the price of gas would put us in a worse position than we are in right now while gas prices steadily climb.

How do you lower the price of gas??? Do you want artificial restraints on Oil Companies? A windfall tax? Government intervention such as price ceilings? Any way you look at it...all of those things are bad for a Capitalist society. I'm yet to ever hear of a single economist (non-marxian) that argues for the benefits of such things as price control. When you tell any corporation that they are not free to make profits...there is NO incentive for them to keep prices down because anyway you slice it they will only be allowed to make $X amount in profits. Look at government sponsored monopolies if you need examples.

[SuperBran]

How do you lower the price of gas??? Do you want artificial restraints on Oil Companies? A windfall tax? Government intervention such as price ceilings? Any way you look at it...all of those things are bad for a Capitalist society. I'm yet to ever hear of a single economist (non-marxian) that argues for the benefits of such things as price control. When you tell any corporation that they are not free to make profits...there is NO incentive for them to keep prices down because anyway you slice it they will only be allowed to make $X amount in profits. Look at government sponsored monopolies if you need examples.


you misinterpret my argument. of course regulation of prices, etc. is bad for capitalism. i'm not arguing for or against regulation of gas prices. i'm simply arguing why lower gas prices would improve our economy. i'm saying that i don't buy into the idea that lower gas prices would put us in a worse position. rather, i think our economy would be much healthier if prices were lower. oil companies aren't going to just lower prices, and lose money, just to make everyone happy....especially when they're making record profits. they are certainly free to do whatever they want; however, their greed will come back to haunt them.

[savage4president]

you misinterpret my argument. of course regulation of prices, etc. is bad for capitalism. i'm not arguing for or against regulation of gas prices. i'm simply arguing why lower gas prices would improve our economy. i'm saying that i don't buy into the idea that lower gas prices would put us in a worse position. rather, i think our economy would be much healthier if prices were lower. oil companies aren't going to just lower prices, and lose money, just to make everyone happy....especially when they're making record profits. they are certainly free to do whatever they want; however, their greed will come back to haunt them.

I understood your argument, I was pointing out that the only way prices will lower is if demand decreases dramatically, or if the government gets involved. If the gov't does decide to get involved, the economy will more than likely worsen. I do not see it as greed though, I see it as capitalizing on the current state of supply/demand. Now, if prices begin to bother someone bad enough, you can bet someone somewhere will make a fortune inventing an affordable hydrogen powered vehicle...and intern become incredibly wealthy themself. I guess i'm pointing out that it takes individual initiative to bring about true change. When people quit complaining about the state of nature and actually begin to change that state...then we will see progress.

[ak-rowdy]

my soc teacher says it's the natural order of things. gas prices go up as long as the repressed keep learning its true value.

[SuperBran]

I understood your argument, I was pointing out that the only way prices will lower is if demand decreases dramatically, or if the government gets involved.

exactly. i personally feel (as expressed in an earlier post) that demand is going to decrease once we cross that line where the cost is just too much. if things keep going the way they've been going, our economy's going to feel the weight of those prices.

i definitely think the oil companies will continue to face more and more public pressure to lower their prices.

Now, if prices begin to bother someone bad enough, you can bet someone somewhere will make a fortune inventing an affordable hydrogen powered vehicle...and intern become incredibly wealthy themself.

i'd have no problem with someone become incredibly rich off of that technology if they can save most of us money. however, something tells me that if we mass produced a car that runs on water, the price of water would go up drastically.

[savage4president]

exactly. i personally feel (as expressed in an earlier post) that demand is going to decrease once we cross that line where the cost is just too much. if things keep going the way they've been going, our economy's going to feel the weight of those prices.

i definitely think the oil companies will continue to face more and more public pressure to lower their prices.



i'd have no problem with someone become incredibly rich off of that technology if they can save most of us money. however, something tells me that if we mass produced a car that runs on water, the price of water would go up drastically.



That last sentence has got me laughing and smiling. thanks for the levity for the day!!!

[SternRulz]

Um, whose fault is it that they don't own stock in the oil companies. It's out there every day to buy. His post is VERY persuasive. Unfortunately, people have chosen different routes to deal with the companies. Perhaps some folks should wake up and listen to what TC is saying.

Uh...not everybody is as "mega-wealthy" as you are, CarlE. Some people are worried about putting food on their table, shoes on their kids' feet, or filling their gas tanks to get to work every day. Playing the stock market isn't an option that everyone has.

[SternRulz]

I understood your argument, I was pointing out that the only way prices will lower is if demand decreases dramatically, or if the government gets involved. If the gov't does decide to get involved, the economy will more than likely worsen. I do not see it as greed though, I see it as capitalizing on the current state of supply/demand. Now, if prices begin to bother someone bad enough, you can bet someone somewhere will make a fortune inventing an affordable hydrogen powered vehicle...and intern become incredibly wealthy themself. I guess i'm pointing out that it takes individual initiative to bring about true change. When people quit complaining about the state of nature and actually begin to change that state...then we will see progress.

Can someone post why the demand is suddenly through the roof? What changed so suddenly?

[SuperBran]

Can someone post why the demand is suddenly through the roof?

the oil companies demanded more money. LOL.


i'm here all week. try the veal.

[savage4president]

Uh...not everybody is as "mega-wealthy" as you are, CarlE. Some people are worried about putting food on their table, shoes on their kids' feet, or filling their gas tanks to get to work every day. Playing the stock market isn't an option that everyone has.

Yes it is...it is called budgeting and going without non-necessities. Sure there are a lot of individuals that will not be able to go out and buy 1K shares of Microsoft...but almost everyone can save up and by 10 shares of McDonalds under a dividend reinvestment plan. The dividends are automatically used to by as little as 1/4 shares of that stock. It does not take very long for those 10 shares to begin multiplying. Think about someone you know that is always complaining about their lack of money. Then ask them if they have a cell phone, cable television, high speed internet, how many T.V.'s are in there house, do they smoke, do they go out for dinner, do they drink alcohol? There are many things people can do to save money and invest for the future.

[SternRulz]

Yes it is...it is called budgeting and going without non-necessities. Sure there are a lot of individuals that will not be able to go out and buy 1K shares of Microsoft...but almost everyone can save up and by 10 shares of McDonalds under a dividend reinvestment plan. The dividends are automatically used to by as little as 1/4 shares of that stock. It does not take very long for those 10 shares to begin multiplying. Think about someone you know that is always complaining about their lack of money. Then ask them if they have a cell phone, cable television, high speed internet, how many T.V.'s are in there house, do they smoke, do they go out for dinner, do they drink alcohol? There are many things people can do to save money and invest for the future.

And if they don't have any of those things mentioned and live paycheck to paycheck, then what? Again...not everybody has the option. To some, feeding their kids is a bit more important.

[warren1st]

I know you Bush Haters love to blame him or the rich oil companies. As Smitty wrote, it's a matter of supply and demand. We have more vehicles on the road every day and China has a huge, huge demand.

Maybe we better get off our duffs and remove all the restrictions the "Green People" want and start drilling off-shore! Does anyone know that Russia is planning to drill off shore very near our Alaskan borders?

America better wake up and do the necessary off-shore drilling before you will ever see prices come down significatly.

Btw, TC, that was a great post and CarlE posts makes very good sense.

[Red50Go]

Can someone post why the demand is suddenly through the roof? What changed so suddenly?

Specific to gasoline its mostly refining capacity (which refiners can/do manipulate) and oil prices. As I mentioned earlier there are artificial supply/demand issues also - speculative traders (not actual users) buy, sell, & manipulate - all to make money, and they're pretty good at it. Hey its capitalism I suppose. Uncertainty of supply (strife in S. America, Mid-East, etc) drives fears also. Lastly, the dollar keeps dropping, relative to world securites. In the time the price of oil doubled in Europe, it has tripled in the US.

So basically demand, especially here, is not necessarily "through the roof." In fact we've obviously slowed some.

[savage4president]

And if they don't have any of those things mentioned and live paycheck to paycheck, then what? Again...not everybody has the option. To some, feeding their kids is a bit more important.

You know as well as i do, that what I said is a heck of a lot closer to reality than your little synopsis...you just don't want to admit it. Ok...to go with your theory...I would then ask this question; Why are you having children if you can't afford them? Don't you think things would be better if you could get yourself in some sort of financial shape to actually raise these children. Plus the people you speak of are getting plenty of money to feed their children via welfare programs of both state and federal levels.

Maybe my heart does not bleed enough...but maybe yours is bleeding a little too much.

[Red50Go]

I know you Bush Haters love to blame him or the rich oil companies. As Smitty wrote, it's a matter of supply and demand. We have more vehicles on the road every day and China has a huge, huge demand.

Maybe we better get off our duffs and remove all the restrictions the "Green People" want and start drilling off-shore! Does anyone know that Russia is planning to drill off shore very near our Alaskan borders?

America better wake up and do the necessary off-shore drilling before you will ever see prices come down significatly.

Btw, TC, that was a great post and CarlE posts makes very good sense.

Seriously? I think using less makes more sense than drilling more. The culprit is our dependence on oil. Nothing good can ever come of it. Invest (our money) in other technologies, fuel efficiencies, etc.

[SternRulz]

You know as well as i do, that what I said is a heck of a lot closer to reality than your little synopsis...you just don't want to admit it. Ok...to go with your theory...I would then ask this question; Why are you having children if you can't afford them? Don't you think things would be better if you could get yourself in some sort of financial shape to actually raise these children. Plus the people you speak of are getting plenty of money to feed their children via welfare programs of both state and federal levels.

Maybe my heart does not bleed enough...but maybe yours is bleeding a little too much.

You're wrong. I do know a couple people personally that do live paycheck to paycheck and have none of the amenities mentioned. As far as having kids...at one point, they could afford them. Seems a lot of people are losing jobs these days. Are you suggesting they get rid of them now?

[savage4president]

You're wrong. I do know a couple people personally that do live paycheck to paycheck and have none of the amenities mentioned. As far as having kids...at one point, they could afford them. Seems a lot of people are losing jobs these days. Are you suggeting they get rid of them now?

If at one point in time they had enough to have children...they should've had enough sense to invest their money or at least make certain to save up for a rainy day because apparently it is pouring on them.

[SternRulz]

If at one point in time they had enough to have children...they should've had enough sense to invest their money or at least make certain to save up for a rainy day because apparently it is pouring on them.

Because of the current job market. They've burned through most of their savings and will continue to do so until jobs are found.

I'm not saying everyone or even the majority is like this, but obviously these situations do exist. It's silly to assume everybody is in the same boat.

[TigerCoach]

SuperBran,

It's not just a benefit to people who own Exxon stock, but also the people who have any large-cap mutual fund in their 401(k) at work or a growth fund in their annuity. Granted, the number of people who own individual stocks are slim, but the people who have mutual funds are astronomical. I guarantee you part of that fund owns Exxon.

Also, for you economists out there. Supply & Demand has a major impact on the price of oil & gasoline, but it's not the only force. There are also speculators who are bidding up futures contracts that artificially push the spot prices of oil. You watch, at some point, these speculators will be selling and the price of oil could hit $90 again in a matter of days. There are also political concerns, among others that make the price go up. Right now, refineries are getting ready to switch from "winter mix" gas over to "summer mix" gas, and that depletes gas inventories temporarily while they make that switch.

You should have paid more attention in Economics!

[warren1st]

SuperBran,

It's not just a benefit to people who own Exxon stock, but also the people who have any large-cap mutual fund in their 401(k) at work or a growth fund in their annuity. Granted, the number of people who own individual stocks are slim, but the people who have mutual funds are astronomical. I guarantee you part of that fund owns Exxon.

Also, for you economists out there. Supply & Demand has a major impact on the price of oil & gasoline, but it's not the only force. There are also speculators who are bidding up futures contracts that artificially push the spot prices of oil. You watch, at some point, these speculators will be selling and the price of oil could hit $90 again in a matter of days. There are also political concerns, among others that make the price go up. Right now, refineries are getting ready to switch from "winter mix" gas over to "summer mix" gas, and that depletes gas inventories temporarily while they make that switch.

You should have paid more attention in Economics!

You are so right on both accounts, TC. However, we better quit worrying about what the "Greens" think and start off-shore drilling as the world becomes more "sophisticated!"

[warren1st]

Seriously? I think using less makes more sense than drilling more. The culprit is our dependence on oil. Nothing good can ever come of it. Invest (our money) in other technologies, fuel efficiencies, etc.

I would agree if we truly could discover an alternative which [B]no one[B] has had the ability to do so at this point.

[Paul Brown]

I would agree if we truly could discover an alternative which [B]no one[B] has had the ability to do so at this point.

You're naive if you think this.

[npaflas]

Ok guy's gas is going to hit 4.00 dollars a gallon by summer. And food will go up to and every thing else to. This is getting out of hand. And nobody is doing anything about it.

[CarlE]

Ok guy's gas is going to hit 4.00 dollars a gallon by summer. And food will go up to and every thing else to. This is getting out of hand. And nobody is doing anything about it.

You can do something about it in November. Don't vote for George Bush's party. Remember, it's all his fault.

[freddy g]

What I don't get is when I watch TV and see hillbillies from Wyoming making cars run on fastfood grease. And we have all these scientists all across the country that can't figure it out? C'mon something's up.

I believe TC hit it with the whole supply and demand theory. The groups; Gov, Exxon, Bush, Dems, Reps, McK fans. Whoever you want to blame, they have us by the marbles, because everyone needs gas. To heat homes, drive cars, use appliances, a number of things.

How about we try and bring the demand down though? Take the bus, ride a bike, walk, carpool. Everybody talks about it, but how many actually do it?

[Tiger77]

You can do something about it in November. Don't vote for George Bush's party. Remember, it's all his fault.

Finally, we agree on something Carl! LOL!

[Red50Go]

How about we try and bring the demand down though? Take the bus, ride a bike, walk, carpool. Everybody talks about it, but how many actually do it?

We can do that but its like pulling teeth. People dont like to sacrifice their conveniences these days. There are SEVERAL ways to bring down demand including nuclear, bio, solar, wind, geothermal, clean coal. We have more coal reserves right here than they have oil. But we have a HUGE roadblock, called politics. Cant agree on anything anymore. It is also naive to think big oil and their lobbyists have no influence over our policies & laws.

[CarlE]

Finally, we agree on something Carl! LOL!

Hey, wait a minute. THAT'S not how I meant it!! LOL. Actually, you guys are safe. There AREN'T any Republicans running this election anyway!!

[tig62]

Seriously? I think using less makes more sense than drilling more. The culprit is our dependence on oil. Nothing good can ever come of it. Invest (our money) in other technologies, fuel efficiencies, etc.
I would agree if we truly could discover an alternative which no one[b] has had the ability to do so at this point.
What I don't get is when I watch TV and see hillbillies from Wyoming making cars run on fastfood grease. And we have all these scientists all across the country that can't figure it out? C'mon something's up.

[B]
Check this out, their is enhanced technology that is here and now:
http://www.fastcompany.com/magazine/120/motorhead-messiah.html