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Gas Prices: WTH?


Sword Breaker
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Ok, this is somthing that's been slowly and steadily scaring the crap out of me. Gas. I've noticed gas prices have steadily been increasing, and, now, are simply... outrageous! This morning the price was 82.9 a liter (A gallon is three liters aprox) which is outrageous enough, but, later today, the gas had climbed to 89.9! Seriously, WTH?

The oil companies are all making the "It's becoming harder to find the oil, so it must cost more" excuse, but statistics show that Oil companies are experiancing the highest profit in decades!

Well, I was just wondering what your thoughrts on the matter were, and what your theories on why this is happening!

(Oh, and I can only assume that it's happening in the US aswell)
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[quote name='Sword Breaker'](Oh, and I can only assume that it's happening in the US aswell)[/quote]
It was. We had gas at $2.00+ a gallon (from ~1.40) For about a year. Then, litterally overnight, it fell from 1.95 to 1.65 and then to 1.55. As Baron said, there is no shortage, except for a shortage of dignity among Executives.
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[COLOR=GREEN]Well, I think gas prices have been going up and down between $1.55 and $1.85 a gallon since they peeked at around the $2 mark back in the summer (I think). But don't you think all that fighting in Iraq has something to do with the high prices? I mean, there's all this oil under there, and because of all the insergencies and fighting, no one can touch a drop of it. :huh:[/COLOR]
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[font=Verdana][size=1]Okay, what [i]I[/i] find ridiculous is that when I was in England, the price for a litre of fuel was [i]something [/i]like 97 pence. The English pound is stronger than both American and Australian money; it roughly translates to something like 2.4 Australian dollars per litre. Crazy, neh?[/size][/font]
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[font=Verdana][size=1]It's really scary to see what the fuel cartels can do when they all decide to jack up prices. By doing that, the service stations will have to jack up prices, so we'll have to pay more, as well. [/size][/font]
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[font=Verdana][size=1]Of course, that's the way with cartels, isn't it. If they [i]all[/i] decide they won't sell their services/goods for under X amount of money, then what can the consumer do but pay it?[/size][/font]
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[font=Verdana][size=1][/economics post][/size][/font]
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[font=Verdana][size=1][/size][/font]
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[SIZE=-3]Gas here in Vegas is all over the place. I've seen it as high as $2.35 at times. It used to be as low, even averaging around...$1.50. But that was at least, two years ago since I last saw those kinds of prices. It really is quite ridiculous. It's currently $2.00 right now.

I remember a few months ago, when the price of oil hit $50 US dollars for one barrel, for the first time in history...there was a world wide commotion. I mean, this is just insane. The oil companies (OPEC in particular) say they are doing what they can to lower prices, but I don't believe that at all. :D[/SIZE]
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Perhaps the oil companies are testing us to see where we'll draw the line... and trying to see how much they can rob us for... before we absolutely rebel and decide that we're just going to walk the grueling, laborious 5 blocks to the neighborhood store... ;)
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[color=#ff6600]Since moving to college (and walking almost [i]everywhere[/i]), I've stopped paying much attention to gas prices. (Also, there are no gas stations by campus, heh.) I think, generally, prices here are less than they are back home (both 'home' and 'school' are in the upper Midwest of the United States).

I might have purchased gas once or twice when I was home over break. Prices are much better than they were this summer, as a few people in this thread have already said--they peaked at about $2.20 or $2.30 by my house.

One thing I have noticed is how many gas stations are putting up their price signs differently than I remember. In stead of showing the prices for their three different 'levels' of gas (say, "Unleaded," "Premium," "Super") they now show "Unleaded," "Premium," and "Cigarettes." I don't remember every noticing that before last summer, heh, although maybe I just never looked too closely.

In any case, my basis for displeasure is this: if a gallon of gas costs less than a pack of cigarettes, I can deal with it.

always low prices, always,
Sara[/color]
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[color=indigo]I think it is a good thing that gas prices have remained as high as they are. Eventually OPEC and the Oil Barons in Texas and Venezuela will have shot themselves in the foot. The longer prices remain high the more effort will be placed in finding alternative fuel supplies. After all ?necessity is the mother of invention?.

I think that quite a few countries are already launching an initiative by offering tax credits for hybrid vehicles. However, I think it would be beneficial if governments took it one step further and offered tax credits for the use of public transportation.

I am glad that the U.S, as well as so many other countries, is pouring public funds into the research of alternative fuels, hopefully a feasible breakthrough will occur sooner rather than later.[/color]
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[QUOTE=Heaven's Cloud][color=indigo]

I think that quite a few countries are already launching an initiative by offering tax credits for hybrid vehicles. However, I think it would be beneficial if governments took it one step further and offered tax credits for the use of public transportation.

[/color][/QUOTE]

Yeah, but have you seen how ugly those cars are? lol. I know it sounds superficial, but if government truly wants to seek alternative fuels (They estimate that gasoline will last us for at maximum, 35 years), then they could at least make the cars seem a little more aero-dynamic. Not a plastic block sitting next to the pavement. I must admit, I find the Smart cars attractively cute. Though they're semi-electric.

I agree with Sephiroth. I think petrol prices are exceeding what would be thought of as 'reasonable', and I don't even drive yet! The UK are charging us citizens a little too much. (I say little... Heh.)
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[quote name='Juuthena][size=1']But then again, gas prices in San Francisco are up to $2.29...[/size][/quote]

[color=green]CA has some of the US's highest gas prices because of it's strict environmental regulations, which would be even stricter in LA if the city weren't given a special exception from the EPA mandates on clean air.

Gas prices are influenced by OPEC, supply and demand, government taxes and most importantly, what people are willing to pay. Frankly, I think the last of these is the most important. When people stop sucking the added cost up and drive only when they must, those who produce, supply and govern will take notice.[/color]
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[color=darkviolet] Wel, my husband's online and I asked him where my lower cost gas was, and when he was going to send some to me, but he just said it was wrong to ask.

A few places around my neck of the woods are finally going under $2.00 a gallon Of course those are the places that are near the Delta Sonic which always has cheap gas. So right now Delta Sonic is about $1.96.9/10 (don't ask about the 9/10) a gallon. So the HEss across the street will be $1.98.9/10 and the Mobil a bit further down will be $1.99. However the A+ near there is $2.01 a gallon and there's a Gulf down on Stone Rd (I'm mentioning where it is so if anyone is in my neck of the woods you can go bug the nasty lady who works there) has been $2.09 since last Christmas when Lincoln was up here (ie x-mas 2003) and when everyone else was at the most $2.11 she was $2.20.

Maybe I'll just go my brother's route and ask my parents for gas money...heh, like that will happen.

I'll agree with Boba, but what I think needs to happen is some more reliable public transportation in the smaller cities as well as the larger ones.

[b]Edit[/b] Hey, after reading Lcrisler's post, who wants to go over to Iraq for some gas? Raise your hand![/color]
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[QUOTE=lcrisler]One of my buddies over here said the other day he saw an Iraqi dude fill up the empty tank of his SUV and two spare gas cans and pay roughly .40 for the whole purchase.

Enjoy! :D[/QUOTE]

[color=green]It's an extreme version of the 'buying drugs from Canada' scenario. Remember how much we pay Iraqi soldiers, police and other governmental service professions - then how much you make. I think it's a safe bet to say the costs are pretty similar, if not more over there, based on percentage of total income.

Prices should be cheaper, but terrorist attacks on refineries and convoys have made fuel hard to come by. The [URL=http://iraq-iraqis.blogspot.com/]Iraq and Iraqis Blog[/URL] is a good place to glean information with regard to this and other issues of the like.[/color]
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[QUOTE=Boba Fett][color=green]CA has some of the US's highest gas prices because of it's strict environmental regulations, which would be even stricter in LA if the city weren't given a special exception from the EPA mandates on clean air.

Gas prices are influenced by OPEC, supply and demand, government taxes and most importantly, what people are willing to pay. Frankly, I think the last of these is the most important. When people stop sucking the added cost up and drive only when they must, those who produce, supply and govern will take notice.[/color][/QUOTE]


Welcome to California. The money-hungry state. I live near San Francisco as well Juuth, and its not pretty half the time... :flaming:
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