BS
nothing but GREED and EXCUSES

Yesterday there was an article stating that prices are below March 4th's price per barrel. I did some research and found out that was around 3.17 a gallon on March. Why is not down to near that price now?

It's all BS. The establishment robs us for summer travel then they kill us in the winter for heating fuel. Too bad the same thing can't happen to the oil giants like what has happened on Wall Street with all their greed. Explain to me why they can't build more refineries? With all their profits I thought they said they could build their infrastructure. Just another excuse to line their pockets and stick it to us. I hope they burn and rot in Hell!

THE GOVERNMENT IS NO LONGER LOOKING BECAUSE NO ONE CARES - AMERICANS ARE TOO INTERESTED IN SOME SOCCER MOM, VP WANANBEEEE... TO CARE ABOUT ANYTHING ELSE

why can't gas be at the price it was when oil was at $92.00 a bar

That is unqualified bullshit. The highest determining factor of the price of gas is the raw material used to produce it, oil. Oil is down today to $94 from a high of $147. The cost of transport and the alleged inadequate refinery capacity is the same as before. They affect the price very little. In fact, this summer due to the high price at the pump, the American public has shifted the entire demand curve to the left and reduced their overall demand. In Economics 101 they taught you that a shift to the left of demand, decreased demand not quantity demanded would lower the price of a given item. The American public has not seen any of this. There is no valid explanation, economically or physically to justify the high price of gas other than theft. The American public's demand for gas has dropped, the worldwide demand for oil has dropped due to the recession and yet the price is inflated.

The contrived oil industry in this country looks for every opportunity to raise gas prices, keep them there and provide the necessary public relations spin to support their theivery. These are the same crooks that brought you the savings and loan disaster, the dotcom implosion, enron and worldcom, and now the collapse of housing and subsequently banks, brokerage houses and insurance companies. I wonder how many of these blowups the country can take before the goose is dead. Unfortunately, there are plenty of well to do in the country who have profited from each of these economic implosions. It's only been people who work for a living and at one time thought to be the backbone of this nation who are getting hurt. Bush, Cheney, Carl Grove, Newt Gingrigh and now McCain and Palin should be ashamed of themselves for supporting such an idealogy. I can not imagine why people in this country that have so much are so willing to sell out the rest of the nation so they can have more.

My first wake-up call, when I first managed an operation, was smart inventory management that determined whether I made a profit or loss. I learned that cost of goods are not based on actual costs but rather on replacement costs for the items sold. When oil prices are dropping, you would think prices would drop accordingly, but they haven't. I believe gasoline suppliers are not quite convinced that this will last and are still basing replacement costs on expected rising oil prices again. To hedge their bets, it's better to take your time about it since consumers are reducing their consumption as well.

your government is allowing you to be ripped off by companies like oil giants and drug companies who buy our politicians with their campaign donations and bribes. Exxon reaps record profits up to 100 billion dollars and our congress does nothing. If an individual reaps a windfall of even $25,000 the irs would come calling taking up to 50% claiming a windfall profit. why not the oil companies too. tax them 50% of their profits and see what would happen. We all know that will never happen because our politicians are being bribed with oil money and would never bite the hand that feeds them

Didn't notice anything about speculators in the story. Just the same old crap about supply and demand. We've been fed this line so much, people are starting to believe it. I liked the line I heard about "dealers have to make up for when a barrel was $148 because they couldn't charge the price that a gallon of gas really should have been."

What bothers me about this report, is the fact that the question appears to be avoided. Yeah we have been through hurricanes before, floods, etc... What our government (which by the way is FOR THE PEOPLE) have not done enough to help out the normal working class people. They don't even pay for their own gas, we as tax payers DO! The government (for the people) should step in and stop this Greed and maybe the economy would have a chance to rebound. Look back in time when things were (cheap= good economy) gas .10 bread .05 milk .10 what happend to those days. The dollar then went further then, then it does now even making $30.00 an hour minus your taxes your down to $20.00 and at the rate of the inflation you have nothing left at the end of the day. People making $4.00 an hour still had nice cars were able to afford the same luxurys then as we do now. WHAT HAPPEND? wait I know, we pay for other countries wars and try to better there economy. Want to see somthing scary google "SECRET RULERS OF THE WORLD" its a 29 part video on youtube really sums alot of things up!

Once again we see price gouging and the gov't is doing nothing but sitting on their asses in Washington. Someone will say let's form a committee to study the problem. Remember 1973? Still nothing done. Vote against anyone now in both houses. They are the biggest problem.

The Houston plant is down, they refine 20 - 30 % of the US gas. We have a shortage of Gasoline at this point not oil. We can buy all the oil we want, but we cannot have gas if we cannot refine it. Please do your reseach before posting about items you dont understand.

Oil companies are the same as the rest of U.S. companies, they seek to maximize profits. You can find fault in them for being greedy bastards, but rememeber that the executives at almost all U.S. companies are the same way. It is human nature to be greedy, humans are the among the worst animals on the planet.
We should have zebras running the planet, they already have the right uniforms.

"Natalie said...

The Houston plant is down, they refine 20 - 30 % of the US gas. We have a shortage of Gasoline at this point not oil. We can buy all the oil we want, but we cannot have gas if we cannot refine it. Please do your reseach before posting about items you dont understand. "

Houston has three refineries that produce less than 500,000 bbl/day. There are 23 other refineries in Texas alone and produce over 4million bbl/day so the Houston refineries don't even refine 20% of the gas coming out of Texas let alone the country. Talk about someone having to do some research.

Plus there are over 125 refineries all over the country that were not affected by the storm. The problem is that the oil in this country is controlled by a handful of companies. If the SEC didn't allow all these mergers to take place, there would be more competition and lower prices.

Bottom line is our leaders aren't doing anything about this at all. None of them. I agree with #12 John's comment about voting out our current congress. They don't care about us.

remember this is for oil delivered for next month, now we are paying the price of last months oil price

HOW QUICKLY WE FORGET,
Crude was 55.00 A BARREL, 24 months ago.

Demand Certainly Has Not DOUBLED.
So, What Is the Real Price Today?

Take The Riduculous Speculation, That Drove Up The Price,
And Guess What--We Are Back To reality

By the way, Reality Is Also Finding It's Way Into the Stock Market

Gas Prices--Are Tied To Crude input Prices--There Will Be A Lag--But they Will Reflect The Input Price---

EMIL J KOVACH JR

Can you say crap? This is such a crop of you know what. Anyone with half a brain and a little business sense will know that this is so not true. When the price of the barrel was climbing they said that this was the cause of the gas prices being so high. So why now that the barrel has dropped significantly are they saying that it does not play a significant part in the price of gas. The answer is that they are saying whatever they need to get people to shut up and just take it. The fact of the matter is that the oil companies and most of the people in our government are making a very nice profit from the high price of gas that we poor schmucks are paying. They are lining their pockets very nicely. Take a look at the economy. The only businesses that are recording double digit profits every quarter in these tough times are oil and gas companies. That is because they are raping us and the government will not step in because it's head is a family of oil tycoons. Nothing will change. We will keep getting screwed and they will keep giving us bs answers as to why. Canada keeps on looking better and better each day.

When oil was going up you would see them change the price of gas twice a day, now the price oil is going down it takes a week or two for the price to change at the pump, talk about a rip off.

Here is an interesting fact. Look whose in office, who is in the vp office. They both have millions in the oil business. You want oil to stay high. Why not elect in the one who also has million in oil named McCain. You want oil to drop get the so called inexperienced in. The whole oil thing is a political story. It's stupid as hell and no one is going to do shit about it because the big man in the chair is making way too m uch money from it. He doesn't care about us, he cares about his pocket and to see how many Americans can be killed over sea's. But I do agree to tax the oil companies who said 8 months ago they weren't profitting but, just 4 months ago claimed their biggest profit in the history of thier company. UM duh like we are all as stupid as the big man in the chair. Hello, we know you are price gougding us.