I Have The Lighter Wallet, Almost Empty, Overpriced Gas Pump Blues - Hemi Truck Club
 
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Old 09-04-2012, 09:46 AM   #1
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Speculation, oil companies, gas stations, wars, taxes and politics. So take your pick. Which one will remain to be the greediest after Labor Day in this Ball of Confusion?

Oil, in today’s market, isn't even a $100/barrel. So why is it we are paying more at the pump?

Quote:
From the EIA
"In 2011, about 45% of the petroleum consumed by the United States was imported from foreign countries. This was the lowest level since 1995.

Petroleum includes crude oil and petroleum products. Petroleum products include gasoline, diesel fuel, heating oil, jet fuel, chemical feedstocks, asphalt, biofuels (ethanol and biodiesel), and other products. In 2011, about 60% of the crude oil processed in U.S. refineries was imported."
You think speculation, in a general sense approach, would note that and go “OH” (metaphorically)?

We saber-rattle Iran a little and “BANG”. Great reason, to someone, to jack the price. We are not even at war with them!

Politicians look the other way. Does anyone here get the idea we are purposely being herded into a pen, gradually stripped of our privileges because fuel prices takes a large chunk to maintain a modest lifestyle?

Who do we blame? What happens to the goods delivered to the store? What's going to happen when we combine drought and oil price to food? Where does it stop?


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Old 09-04-2012, 09:46 AM   #2
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Speculation, oil companies, gas stations, wars, taxes and politics. So take your pick. Which one will remain to be the greediest after Labor Day in this Ball of Confusion?

Oil, in today’s market, isn't even a $100/barrel. So why is it we are paying more at the pump?

Quote:
From the EIA
"In 2011, about 45% of the petroleum consumed by the United States was imported from foreign countries. This was the lowest level since 1995.

Petroleum includes crude oil and petroleum products. Petroleum products include gasoline, diesel fuel, heating oil, jet fuel, chemical feedstocks, asphalt, biofuels (ethanol and biodiesel), and other products. In 2011, about 60% of the crude oil processed in U.S. refineries was imported."
You think speculation, in a general sense approach, would note that and go “OH” (metaphorically)?

We saber-rattle Iran a little and “BANG”. Great reason, to someone, to jack the price. We are not even at war with them!

Politicians look the other way. Does anyone here get the idea we are purposely being herded into a pen, gradually stripped of our privileges because fuel prices takes a large chunk to maintain a modest lifestyle?

Who do we blame? What happens to the goods delivered to the store? What's going to happen when we combine drought and oil price to food? Where does it stop?

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Old 09-04-2012, 10:28 AM   #3
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My question has always been why when there is some event that has the potential of raising oil prices occurs the gas price at the corner station immediately jumps. Knowing the gasoline in their ground tank has been bought at a lower price and none of it should reflect the future price, simple, speculation? greed? When Katrina hit my closest gas station immediately priced their gas at over $4 a gallon. I had my motorcycle and thought on my way there to pickup some goodies and I'd top the bike off. To my amazement the place was packed at the pumps with everyone filling their trucks/cars and cans with $4 a gallon gas. I laughed and went home without buying anything. I still don't use that corner store knowing what theives they are. The profits the petroleum companies make is criminal and they couldn't do it without government support. Rant over...
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Old 09-04-2012, 10:47 AM   #4
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Old 09-04-2012, 11:04 AM   #5
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No reason but greed and politicians allowing it to happen. Just to line their own pockets.

Quote:
. I still don't use that corner store knowing what theives they are. The profits the petroleum companies make is criminal and they couldn't do it without government support.
The same thing happened here Greg. A "foreigner" owned the Texaco station here in town and on 9-11 he jacked the price to $4.66 a gallon for regular. People were highly ticked off and his response was "supply and demand". Not long after he sold to another foreigner, uncle cousin or what ever. That's how they work the system. Our government gives them business loans that aren't available to us, and when they have milked it for all they can they "sell" to a relative and the whole process starts over again. I do my best to not trade with any foreign owned business.
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Old 09-04-2012, 12:01 PM   #6
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You echo what is happening here. The three major players are always quick to raise their prices at exactly the same time and dammed slow to reduce them. There is no competition for price here, its all manipulated by the cartels with government blessing.

we are now paying the highest prices ever. Just over $2.30 a litre or $10 a gallon our money, $8 yours. That for our lowest grade 92 octane.

There have been a lot of V10Rams for sale here lately. But at more than 60K they are too rich for me.
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Old 09-04-2012, 12:15 PM   #7
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It is just a vicious cycle and there seems to be no end.
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Old 09-05-2012, 06:18 AM   #8
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Quote:
Originally posted by Redtruck-VA:
My question has always been why when there is some event that has the potential of raising oil prices occurs the gas price at the corner station immediately jumps. Knowing the gasoline in their ground tank has been bought at a lower price and none of it should reflect the future price, simple, speculation? greed? When Katrina hit my closest gas station immediately priced their gas at over $4 a gallon. I had my motorcycle and thought on my way there to pickup some goodies and I'd top the bike off. To my amazement the place was packed at the pumps with everyone filling their trucks/cars and cans with $4 a gallon gas. I laughed and went home without buying anything. I still don't use that corner store knowing what theives they are. The profits the petroleum companies make is criminal and they couldn't do it without government support. Rant over...
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Old 09-05-2012, 10:55 AM   #9
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What better way to reduce the standard of living in the United States, to better match the Global economies, for a one ________(you fill in the blank).
Fuel price effects everything!!!
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Old 09-14-2012, 11:20 AM   #10
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before i bought my third ram first was v10 the other2 hemis i was going to buy something with some mileage but i love my hemi truck.unfortuneatly my mileage varies between 10 and 15 depending on foot pressure but the sound is great.
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