Gasoline and Diesel usage and pricing

Now the article is not very good,but the graph shows a lot more.In places like Germany and france its about 8 dollars a gallon,in other places its a few cents.But what it fails to show is how much the manipulation in the USA of the price has it higher worldwide.Im sure its a lot.
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If it wasn't for the technology developed and utilized world wide by US oil companies gas would be 20 bucks a gallon if you could find it.

Bingo!

Dean

surely the oppressive regulations enforced by the EPA, the onerous cost of building refineries, and the drilling moratoriums have nothing to do with the elevated cost of fuel, or that emerging markets (think our lienholders in china) aren't driving up cost.....surely not. its those damn speculators....

A big oil executive when called to congress was asked how much speculators had to do with the price of oil and he said 40%.So 40% of the price is manipulated by speculators.It could even be higher than that.Now a big oil executive admitted that,and also big oil didnt do that.Its the crooked bankers and stock speculators who work for them.
There is a lot more to this story.However Bernie Sanders exposed the speculator manipulation,and had several interviews this spring on MSNBC along with others,about the failure of the SFTC to regulate the speculators by the Dodd/Frank act,which would ressurect the Glass/ Steagal act,which the repeal of caused the speculators to be able to run up the price of oil and other commodities.
I still dont see why the Dodd/Frank act has not been enacted.That would be a real good thing to find out is why its not being enacted.I do know that Cantor said at some meeting with big business that he was going to dial back the Dodd/Frank act.Well it appears he has,but he is by no means in any position to dial back anything.People have to wake up.The crooks are trampling laws and just doing as they please,and the news doesnt even attempt to report on it because they are owned by the crooks who are doing the damage.Cantor cant over ride the House,Senate,and the President,but he has,and somebody needs to say something or what they do next will be worse.Its unbelievable that these crooks are getting away with all of this right in front of everybody.

No,the speculators just ran it up 40% higher than it should be for no reason at all.40% could be low.Foreigners are involved in paying the speculators because these foreigners own the banks the speculators work for.Yes it is those damned speculators.Quit arguing with me about it and read up on it yourself!ENRON did all of this,and the bankers took it over from them.
You know,its sort of a way to try and win an argument by discrediting the messenger.You wont do that to me.I looked at this stuff for years.The reason is because the price of fuel affected how much my take home pay was.So you arent going to throw out some talking points crap and think thats going to change my mind.It wont do anything except make me mad.
This is one thing that you can look up easy,and when you do,and you find a lot more than the little dab I put up here,you need to get real mad at these crooks because they are dragging down the whole worlds economy and hiding behind our military.You better wake up.

(quoted from post at 13:56:26 08/06/11) No,the speculators just ran it up 40% higher than it should be for no reason at all.40% could be low.Foreigners are involved in paying the speculators because these foreigners own the banks the speculators work for.Yes it is those damned speculators.Quit arguing with me about it and read up on it yourself!ENRON did all of this,and the bankers took it over from them.
You know,its sort of a way to try and win an argument by discrediting the messenger.You wont do that to me.I looked at this stuff for years.The reason is because the price of fuel affected how much my take home pay was.So you arent going to throw out some talking points crap and think thats going to change my mind.It wont do anything except make me mad.
This is one thing that you can look up easy,and when you do,and you find a lot more than the little dab I put up here,you need to get real mad at these crooks because they are dragging down the whole worlds economy and hiding behind our military.You better wake up.

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trucker-seems like you are in favor of government price controls and regulations, fine with me if you see it that way--you are wrong though-any time a government places controls on a free market system it is tyrrany. once the government controls pricing, they control production, they will control every other aspect of your life...a government strong enough to give you everything will eventually take it all away. i don't care if you get mad or not---limited government as designed in the constitution is the answer....you might start reading it. the policies you are describing give more and more power to the government that is already too large and corrupt.

Im for regulation of speculators.No more of this running stuff up past where supply and demand controls it.Right now we have a huge surplus of gas,but the price goes up.It should be way down,and the whole economy would improve and the price of everything would come down.Thats what Im for.I was working when Nixon froze wages,that sucked.I know what Im talking about.Dont let some yahoos that think they will just run over somebody make you think Im dumb.I am no where close to dumb.
This is all the right wing trying to make things miserable because external_link is President.The right wing needs to be severely punished for about 40 years for this traitorus crap.

Elmer, have you ever watch how the speculators work? I've been watching the oil and gas prices for 20+ years and it is a crooked game that should have more government regulation. When the commodities trading was somewhat de-regulated, the prices started going up.

Our (USA) demand for fuel has been flat and is in fact less than 2007 (the high point for fuel demand in the US). With a demand that is dropping and supplies not scarce, gasoline prices should be less than the trading amount of $ 2.80/gal. And this has dropped $ .35 in a week because of the "debt ceiling" and manufacturing outlook. So what does that say about demand and supply? It means nothing to speculators, especially when they don't even take delivery on it.

Another example, look at the gasoline prices after hurricane Katrina and how they spiked. Did they every go back to the pre-hurricane levels? No. Why because more speculators began entering the market. They jacked the price to $3.50+ gallon in 2008. Then with oil prices peaking, the US & world economies started going into the tank. Price of commodities drops along with thousands of layoffs. Is there a correlation between the two? Yes. Case-in point, look at us now. The price of gasoline at the pumps is at $4.00 a gallon (CT price) and the economy is starting to slip again. People are choosing gasoline for their car over any extras or larges purchase, which begins the spiral slope down again.

Another way of looking at supply and demand and speculators:

2008: crude peak price ~ $147.00 barrel
2008: gas (nat ave) ~ $4.11 gal

2011: crude peak price ~ $114.00
2011 gas (nat ave) ~ $3.91

Where is the correlation? 20 cents difference in gas average compared to 30 dollars per barrel. This is caused mainly by speculation. Yes the dollar is somewhat weaker, but the Euro isn't exactly kicking butt, and Brent oil pricing is even worse.

Lack of drilling and refineries isn't our problem (though we need both). The supply is there and the demand is down, yet prices remain high, putting our economy in risk again.

Thank Wall Street.


bob