Jet Pilot

Gas Prices Will Go Up with a Fury

I know this article is somewhat dated, but here iare my comments anyway.
You said,"Exploring, producing, refining and marketing oil is a business, although many people in the U.S. seem to be under the delusion that we have some form of inalienable right to cheap gasoline. "

The wholesale price of gasoline (RBOB) has moved from $1.06 to $1.24 in the last 60 days. Yet in Redding, California in the last sixty days, pump prices have gone from $1.49 to $2.15. WHY? Are we running out of gas? All the refinery problems are caused by the refiners themselves, so they should pay the difference, even if it means lower profits. THEY ARE GOUGING plain and simple. I am only willing to pay $1.50 per gallon. I have to drive to work, pick up kids from school etc. So I am forced to adhere to the oil companies extortion. They should be fined.

Who's Kidding Whom on Gas Prices?

Endeavor:

You are about the only one who gets it! The government allowed mergers in the oil industry, to eliminate competion. There are only a few refiners nad oil comapnies now, and every gas station where I live in Redding, California all sell gas within .05 cents of each other. SOMEONE IS CONTROLLING AND MANIPULATING THE PRICES,otherwise Icould by gas for .50 cents a gallon. It is not the stations, it is the refiners. They are buying cheap oil right now and gouging cunsumers by selling it to the stations for above market prices. Wholesale Gasoline is (RBOB) $1.16/gallon. Why does a gallon cost $2.05 here in Redding today. There is no lag as we keep hearing, these stations immediately raise prices when wholesale gas rises, yet they are very slow to lower the price when wholesale gas falls. I am tired of these greedy oil refiners, gouging consumers.

Who's Kidding Whom on Gas Prices?

Swissone:

What???? The last thing we need is more taxation. I am getting taxed way to much now. Let me keep my hard earned money. Gasoline is way over taxed now and the money is NOT used where it is supposed to-THE ROADWAYS. Gas should be $2.00 a gallons TOPS. When gas rose up to $4.50 / gallon it sent the economy into chaos. Companies are going bankrupt, layoffs, etc. OUTRAGEOUS. We have an unlimited oil supply on the earth. The earth is making oil as I type this. The Oil industry wants everyone to believe, that oil is of limited supply so they can gouge consumers. IT IS A BIG LIE. Oil is like diamonds. Did you know there are enough diamonds already mined to give everyone on earth handfuls of jewels? They are just shiny rocks. Worthless. The supply, like oil is held back, so we pay more. Big oil is ripping off the world and it must stop.


On Jan 20 04:37 PM swissone wrote:

> Let the price of gas rise.
>
> Psychologically, the best LONG TERM thing for this country would
> be for either gas prices to rise again, or for taxes on gas to be
> drastically increased, and prod this country to continue last year's
> progress in exploring alternative energy sources for vehicles and
> the grid. We are woefully behind the global curve on this.
>

Who's Kidding Whom on Gas Prices?

Bob:
Thank you for the reply, you are awesome and you are doing a good job.

Im the reply you said, "The last thing we need is for government intervention by either instituting price controls or draconian tax measures."

This is exactly what is needed. If price controls were in effect two years ago, the economy would not be in chaos now. If the government said gas will cost $2.00/ gallon, all the speculation would not have happened. I just want to pay the same price every time I fill my car. I do not want to pay ten cents more every week. The government instituted price controls in effect on the banking industry TARP program. Why not rein in the greed by big oil also. As far as Flying J, that is such a small portion of the over market, it DOES NOT jusify raising prices by .50 cents a gallon in two weeks. What needs to happen is this. NO oil specualtion at all, unless you plan on taking delivery of the fuel. (Airlines, Trucking, Suppliers) Fuel is to important of a compenent in the economy to include in speculation. If you want to sit at your computer and daytrade Cisco Shares, go ahead. But oil??? The entities that ran fuel up to $150.00 / barrel should be in jail. I lost a job over this. Jet fuel topped $6.00/gallon in July. Outrageous. The government, Agencies like SEC, Commodity Trading should have control over "who" trades these contracts to prevent Cal-Pers (my tax dollars), JPM, Goldman Sachs, Wells, Etc from repeating the same run-up in Oil Prices. My Bank and insurance company have NO business trading oil. It is outrageous.

Who's Kidding Whom on Gas Prices?

Gas in Redding, California took a jump from $1.50/gallon and $36 barrel on December 20th, and has done nothing but increase to $2.05/ gallon and climbing. All this with STILL $36.00/barrel oil. What a scam. I have had three phone conversations with local distributors and they all say the oil companies are gouging consumers. The is NO justification for the rise in price per gallon in Northern, California. In fact the NYMEX price bottomed in December at $35.54 a barrel and this price was never reflected at the pump. These greedy oil companies are acting with monopolistic behavoir and they need to be fined for gouging the California comsumer. Their greed is really showing, and I hope oil falls to $15.00/barrel so they cannot hide their greed anymore.