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Old 04-23-2007, 09:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 05-23-2012, 01:47 PM   #3496
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There are still places near me where it's over $4 a gallon. Which is just pure thievery at this point.
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Old 05-23-2012, 02:32 PM   #3497
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Quote:
Originally Posted by frazod View Post
There are still places near me where it's over $4 a gallon. Which is just pure thievery at this point.
Still $4.199 here. Pure thievery is right.
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Old 05-23-2012, 02:37 PM   #3498
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Originally Posted by frazod View Post
There are still places near me where it's over $4 a gallon. Which is just pure thievery at this point.
If you are referring to the taxes that are factored in to make it that price, yes, I can see that
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Old 05-23-2012, 02:53 PM   #3499
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I had a friend tell me that gas prices can be affected by the president. He said that's why they always go down during election years. I argued against it because that's what I've been told. Whats the correct answer?
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Old 05-23-2012, 03:01 PM   #3500
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I had a friend tell me that gas prices can be affected by the president. He said that's why they always go down during election years. I argued against it because that's what I've been told. Whats the correct answer?
The POTUS (any POTUS) can do very, very little to influence gas prices. The price of gasoline is directly related to the price of crude, and POTUS can do very little to influence that.

Here are just a few examples:

1) Release and sell crude from the SPR. This increases the total amount of crude available (increases supply), which leads to reduced prices. But, only a nickel or so less from your wallet. The SPR has also never been released by any POTUS just to lower pricing, but in reaction to a supply disruption.

2) Along with congress, POTUS could suspend the federal tax on gas, which I believe is $0.18 or so per gallon. I believe this has been done before.

3) Start a war.
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Old 05-23-2012, 03:07 PM   #3501
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If you are referring to the taxes that are factored in to make it that price, yes, I can see that
So you're quite convinced that the oil companies and station owners aren't just upping their profit margins since they know their customers have no choice but to pay whatever they charge?
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Old 05-23-2012, 03:11 PM   #3502
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So you're quite convinced that the oil companies and station owners aren't just upping their profit margins since they know their customers have no choice but to pay whatever they charge?
Yes, I am quite convinced of that. Chicago has one of the highest taxation rates of gasoline than any other city (and state and local) in the country. That's why your gasoline is always higher than the national average.
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Old 05-23-2012, 03:13 PM   #3503
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Old 05-23-2012, 03:14 PM   #3504
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Yes, I am quite convinced of that. Chicago has one of the highest taxation rates of gasoline than any other city (and state and local) in the country. That's why your gasoline is always higher than the national average.
Oh, I'm aware of that. However, I find it laughable that you believe nobody else is to blame.
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Old 05-23-2012, 03:23 PM   #3505
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Oh, I'm aware of that. However, I find it laughable that you believe nobody else is to blame.
I don't know why you think it's laughable. The math is rather obvious. Illinois drivers pay about $0.30 per gallon more in tax that "normal" states do. And that's just additional tax. You also have a rather exotic fuel blend that is more expensive.
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Old 05-30-2012, 09:43 AM   #3506
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Crude down today, now at $88.34 ($2.42 or 2.67%). Gasoline at $3.64
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Old 05-30-2012, 09:57 AM   #3507
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Seems gas prices are affected by:
Taxes
Regulations - special fuel blends for different seasons
Price of oil
Distribution costs, lack of refining capacity, again regulations
Demand

None of these in any specific order. Would that about sum it up?
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Old 05-30-2012, 09:59 AM   #3508
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Old 05-30-2012, 10:07 AM   #3509
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Old 05-30-2012, 10:23 AM   #3510
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Quote:
Originally Posted by InChiefsHell View Post
Seems gas prices are affected by:
Taxes
Regulations - special fuel blends for different seasons
Price of oil
Distribution costs, lack of refining capacity, again regulations
Demand

None of these in any specific order. Would that about sum it up?
Yes, and profit of course.

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