Gas prices

old · Oct 31, 2008

Well I filled up today. Price is $1.969 per gal. Now if they would just set a cap on it of say $2 or less I believe a lot of the money problems people are having would slowly go away and the banks could open up and let more money flow. I know a lot of people have had to make a choice of fill there tank and go to work or to pay a house payment and then have to pawn something etc. to go to work so if the price would just stay this way I believe things would get a lot better fast

northener · Oct 31, 2008

TRENTON ONTARIO GAS IS .92 PER LITRE OR 4.14 PER CAN GALLON. HASENT BEEN THIS CHEAP FOR QUITE AWHILE.

rustyfarmall · Oct 31, 2008

Let's not go to celebrating too quick. Even at $1.90 per gallon it is still too high, and Exxon-Mobil is still reporting record profits.

old · Oct 31, 2008

Yes at $2 a gal it is to high but at least at that most people could get back on there feet and maybe get ahead. I know a friend owns a pawn shop and hes about at the end of his limits because of people needing gas money just to get to work and then still not have money to pay the bills so at $2 a gal it sure would help. And its sure better then paying $40 for 10 gal of gas

bill mart · Oct 31, 2008

buffalo ny, $3.09 a gal.

Anonymous-0 · Oct 31, 2008

I'm from near Virden, Manitoba where the crude oil for that gas you've got at Trenton most likely came from. Our price hasn't gone below $1.00 per litre yet, unless it did it today. Still quite an improvment though.

James Babcock · Oct 31, 2008

What's wrong with making a profit? They paid the federal govt. twice as much in tax as they made in profit. Maybe you shoud start an oil company and get in on the easy money.

Anonymous-0 · Oct 31, 2008

Wait a minute. You are advocating SOCIALISM. Don't you know that big business always knows what is best for us! The right wingers are going to kick you out of the club.

jimva · Oct 31, 2008

Price cap seems good. The only problem is if the price cap is set at 2.00, guess what thats what the price will be all the time. Hawaii tried this back a year or so ago they set the limit at 3.00 a gallon. Guess what the price never moved from 3.00 a gallon, even though price could have been lower. It wasnt lowerd until they repealed the price cap.

old · Oct 31, 2008

Well if you look back to before 1974 the gov. did in fact regulate gas prices and when they stopped the price of gas went up to around $0.759 in less then 6 months from the $0.199 that it was in Jan. of 1974

IndianaRed · Oct 31, 2008

What would happen if the price of oil on the world market went above $100 again? And it cost the oil companies $2.50 to produce a gallon of gasoline so that they were losing 50 cents on every gallon of fuel sold? I imagine you might say they could live on the profits they've made the last few years, but that would soon run out, not to mention they would not be able to explore for new deposits, or build new wells.

They would soon run out of money, fire all their employees and shut down. Is that what you are advocating? I'm sure it's not, but that's what would happen if you tampered with the market in the way you said you'd like to see.

I think my steak and corn cost too much. Perhaps we should cap the cost of beef at $1.00/lb and corn at 25 cents a can. How soon would the farmers go under and the market collapse? Very. Same thing.

I know it's easy to say the oil companies make too much, but capping costs cannot and will not work.

Let's just hope the prices stay low, and we begin bringing more domestic oil to market.

Uncle A Rab · Oct 31, 2008

That'd be fine until the world wide demand goes up for oil
again where it was 6 months ago and then no one would ship oil to the US so the US could have 25 cent gas I guess since there'd be none to sell anyway.Even at $60 a barrel that is about $1.40 gal for crude in the Mideast then it has to be shipped to the US,refined,and distributed and the gov't gets their 50 cents/gal tax Federal and State Tax average.So where is all this profit oil companies are making.Americans have got to wake up and realize the freebies are gone.

larry cook · Oct 31, 2008

gas as low as $1.99 today, on the high side it was $2.29.
south texas
larry cook

old · Oct 31, 2008

Back when gas was $0.199 a gal the gas companys made money but after deregulation of gas the price shoot up and has not slowed down up till now. The gas company's have been making record prifits for over a decade and its time for them to get back the a more normal profit of say 10-20% not this 75-90% profit they have been making

Pair-a-dice farm · Oct 31, 2008

The problem with low fuel prices is it makes alternate energy sources less appealing. As long as there is no competition with oil we will always have the cycles. I'm not for putting a cap on prices because that is dangerous territory. The next thing would be to put a cap on beef or soybeans the first time they get high enough to make a little money. Competition is the key.

Anonymous-0 · Oct 31, 2008

Old, they're not making 75-90% profit, it's more like 10-12%. Their profits are at record highs in dollars, not %age of profit. Also, I'm 58 and I remember what happened in 1974. Gas prices weren't regulated per se, yes there were "price controls" that didn't work. The rise in price was due to the Arab oil embargo. They finally got their act together and started controlling out put, thereby raising prices

LenND · Oct 31, 2008

Went down to 2.39/9 here this morning in north central N. Dak. They claim our prices are high because of transporting it. How come this same stuff goes right thru here to eastern states and most of them pay less then us. Go figger, huh. But then the oil companies only make 10 or 12 %. LOL LOL. You,ll have a hard time making the average person around here believe that when it is billions of dollars they are making PROFIT. THAT'S AFTER BILLS ARE PAID. That is more than 10 percent.

WantACaseLASomeday · Oct 31, 2008

And Exxon-Mobil paid record taxes too - but most media didn't report that, did they? But it's a fact.

Andy Motteberg · Oct 31, 2008

I think it was $2.20 (unleaded gasoline) today, it goes down about 3 cents a day.

Anonymous-0 · Oct 31, 2008

Basic economics. They can only charge what the market will bear. Right now, the market will not support 3 or 4 dollar gasoline. When the economy recovers, guess what, oil prices will recover also.

504-2 · Oct 31, 2008

Price controls, gas was cheap but you couldn1`t buy it. Odd days even days,gas stations closing half way through the month because they had sold their allotment for the month. And gas was $49.9 up from 35.9

Don-Wi · Oct 31, 2008

Gas here is $2.319. I went with a 5 gallon and 1 gallon can, pump said I took almost 7 1/2 gallons... Something doesn't seem right there but I normally don't go there. Just the closest one to the farm.

Donovan from Wisconsin

IndianaRed · Oct 31, 2008

Here Old, I typed in the words for you, now go read and enlighten yourself.

I understand your frustration, everything seems to constantly go up while what we make seems to stay the same. But imposing unconstitutional, an-American, anti-capitalist restrictions on the free markets is not the way to go. That's what they did in the former U.S.S.R., and they didn't live very well there, nor was their economy very good.

Your not a victim of the oil companies, none of us are. If the environmentalists, and their supporters in congress, hadn't resticted our ability to bring our own oil to the markets, we never would have had this latest run-up in prices. Put the blame where it belongs, and don't fall for the victimhood argument. They are trying to get you hooked into the class envy argument and keep you from seeing the truth and doing something about it.

There always have been and always will be richer and not so rich. And people move from one to the other, poor people get rich and rich people lose it all. Without the reward and incentive of massing wealth, there is no reason for people to create new things that make our lives better, like my truck that has gone 300,000 miles with not one repair needed, like these computers you and I are using, advances in medicine, and so many other things would we rather not live without.

Best to you,

Brian
All the Info You could Ever Want on Oil Company Profits

trucker40 · Nov 1, 2008

You need to do some reading.Most oil we import comes from Canada and Mexico.What we import from the Middle East comes already refined as gasoline.Its not hard to find this stuff just Google oil imported to the United States or something like that.The supply/demand argument for the price of oil this last time it went up is totally wrong.What happened was stock market speculators got people in the government to sneak in legislation changing laws to where they could say a future stock of oil,even if it wasnt pumped out of the ground yet,was the same as real.Then they bought and sold them over a year in advance of them existing yet.Since this oil didnt exist they claimed there was a "shortage".Disgusting,and it was all brought to you by your crooked politicians.Could end up causing WW3,and there are people that starved in other countrys because of it,not to mention the pain it cost everybody at the pump,in lots of places besides here too.Farm fuel is still high,lots of other side effects.Its too big of a screw up to grasp all at once.This thing is going to be probably the biggest screw up any government ever made as far as the United States is concerned.A true case of the fox guarding the chicken house,there was no regulation of the stock market.It will look like morons were running the country 20 years from now when kids learn about it in school,and are still paying for it when they get out of school and get a job,provided the country is even still here.There are countries that would attack us over it if they though they could win,might still do it if they get together and get organized.

trucker40 · Nov 1, 2008

When big business tells the government what to do its called #ascism.So we are trading Socialism for #ascism a step closer to Communism.Replace the # with F it wont accept the word.

trucker40 · Nov 1, 2008

Well you would have a hard time selling that the oil companies only make 10-12% profit.First off the oil belongs to them and whoever they lease the mineral rights from.If they want to sell a barrel of oil the price goes up and down.They would rather sell a gallon of gas,why?Well its easy,a barrel which is a certain amount of gallons,not 55 gallons,more like 40 gallons is worth 60 dollars say.Even if gas is"only" 2 dollars a gallon,its worth about 90 dollars a barrel.I dont know what it costs to refine,obviously not 30 dollars a barrel.

rexhellwig · Nov 1, 2008

[i:654c4848f0]"..time for them to get back the a more normal profit of say 10-20% not this 75-90% profit they have been making.."[/i:654c4848f0]

Where in the world did you come up with those numbers?

Uncle A Rab · Nov 1, 2008

It could be much much worse, you could be in charge

Jesse James · Nov 1, 2008

Actually they only make an average profit of
8.5% and who gets the profits?the shareholders and if you have a 401(k) or retirement fund more than likely you are a part owner

trucker40 · Nov 1, 2008

You are right about that!If I ran this country lots of people would be leaving in a row boat,most of them would be "Conservatives"or Neocons or stock market manipulators,and they would be happy I gave them a row boat and be headed for Cuba because it would look a lot better to them than being harnessed to a field cultivator.

Gas prices

Well-known Member

Member

Well-known Member

Well-known Member

Well-known Member

Well-known Member

Member

Well-known Member

Member

Well-known Member

Member

New User

Member

Well-known Member

Well-known Member

Well-known Member

Well-known Member

Member

Well-known Member

Well-known Member

Member

Well-known Member

Member

Well-known Member

Well-known Member

Well-known Member

Member

New User

New User

Well-known Member

Similar threads