- Joined:
- May 15, 2010
- Posts:
- 5,024
- Liked Posts:
- 0
Look at the 8 year chart. What stands out to you?
Notice how the price in 2008 was a spike and that now the average price is consistently higher?
Gas Prices
- Thread starter IceHogsFan
- Start date
Look at the 8 year chart. What stands out to you?
Notice how the price in 2008 was a spike and that now the average price is consistently higher?
Pez68
Fire Waldron
- Joined:
- Oct 31, 2014
- Posts:
- 5,020
- Liked Posts:
- 838
I will say again....
Does Obama somehow have control over the Unleaded Gas commodities trading? Because that's why the gas prices are where they are.
It is trading at $2.87 a gallon as of today. So....
- Joined:
- May 14, 2010
- Posts:
- 17,856
- Liked Posts:
- 2,554
Yeah but without seeing the 8 years before that, we can't say that the previous four aren't teh same thing. And it's still gone from point A. to point b. The bumper sticker doesn't say that over the last 4 years gas prices have on average been consistently higher than they previous 4 years. It says, he entered at 1.87 and now look at it.
What's interesting to me is the upswoops. If you look at the previous 4 years compared to the current 4 years you'll see the trends are very similar. Including 4 peaks. So basically all it says to me you can see when they released more of the oil reserves to try and combat the pricing, which is the end is the only real control they have over how much gas is.
- Joined:
- May 15, 2010
- Posts:
- 5,024
- Liked Posts:
- 0
Pez68
Fire Waldron
- Joined:
- Oct 31, 2014
- Posts:
- 5,020
- Liked Posts:
- 838
It's absolutely amazing how you continue to ignore the question.
- Joined:
- May 14, 2010
- Posts:
- 5,014
- Liked Posts:
- 4
- Location:
- Plainfield, IL
One question. If gas prices are Obama's fault, what on earth is he doing to make it so, because I sure as hell don't know and this is an honest question.
I just see oil companies gouging the shit out of us.
- Joined:
- May 15, 2010
- Posts:
- 5,024
- Liked Posts:
- 0
Nothing is ever Obama's fault. That was statement early on and it is still relevant. Everything that happens under his watch is a reflection of policies, regulations and vision that he and his staff control. Is Obama directly responsible for gas prices, no. Do some research and you will see that his policies are hostile to the gas and oil industry. Green energy would be good to Google.
Let me make a point from a different perspective. What is Obama and his administration doing to lessen the cost to consumers for this staple while in a period of economic uncertainty?
LordKOTL
Scratched for Vorobiev
- Joined:
- Dec 8, 2014
- Posts:
- 8,682
- Liked Posts:
- 3,049
- Location:
- PacNW
My favorite teams
If he was really hostile to the oil industry, he would have nationalised it and fixed the price of gas to a manageble cost to the end consumers.
Of course, while that would be very good for all commuters, the oil industry would cry foul and people would accuse him of being a communist.
Pez68
Fire Waldron
- Joined:
- Oct 31, 2014
- Posts:
- 5,020
- Liked Posts:
- 838
Delusional.
If he took action to lessen the cost to consumers, you'd be blasting him for being a socialist and interfering with capitalism. Lose lose with you. Always.
- Joined:
- May 15, 2010
- Posts:
- 2,490
- Liked Posts:
- 0
- Location:
- Back in Jax
Here's the way I see our gubment: We'll just show those evil, rich corporations who is boss. We'll tax the shit out of them! Yeah, they won't know what the hell happened.
So the VP goes into the CEO's office at ExxonMobil. "Hey boss, you aren't going to like this. The government has put another tax on us."
Boss: "Really? Again? When will they learn? Well, you know what to do."
VP: "Yeah, you want me to roll this tax into the cost of gas."
Boss: "You betcha. Now get to it."
So ExxonMobile raises the cost of gas instead of taking money out of profits to pay taxes. The cost of gas goes up.
The VP of Trucking company Z walks into CEO's office: "Hey boss, the cost of diesel has gone up again."
Boss: "Again? Damn, well we don't have a choice but to pay for fuel, so tell our customers the price to move goods is going up."
VP: "You got it. I'll let everyone know."
Trucking Company Z raises the cost to get loads from point A to point B.
VP of Wholesale Vegetable Company x walks into the bosses office: "Hey boss, just got off the phone with Trucking Company Z. Rates for shipping are going up due to fuel costs. I checked with our alternate shipping companies and they are also raising rates due to fuel."
Boss: "Well, you better get on the phone to our retailers and let them know that the price is going up on vegetables."
VP: "Ok boss, you got it."
Wholesale Vegetable Company X raises cost on vegetables.
VP of local grocery chain walks into bosses office: "Hey, we just got a notice from our wholesaler that the cost of vegetables is going up."
Boss: "Well, you better get busy changing those price signs/stickers."
VP: "Ok boss, I'll have them changed by the end of the night."
Grocery chain raises prices on vegetables.
Can someone please explain to me how our gubment sticking it to "the man" is not really just a tax increase on all of us?
So the VP goes into the CEO's office at ExxonMobil. "Hey boss, you aren't going to like this. The government has put another tax on us."
Boss: "Really? Again? When will they learn? Well, you know what to do."
VP: "Yeah, you want me to roll this tax into the cost of gas."
Boss: "You betcha. Now get to it."
So ExxonMobile raises the cost of gas instead of taking money out of profits to pay taxes. The cost of gas goes up.
The VP of Trucking company Z walks into CEO's office: "Hey boss, the cost of diesel has gone up again."
Boss: "Again? Damn, well we don't have a choice but to pay for fuel, so tell our customers the price to move goods is going up."
VP: "You got it. I'll let everyone know."
Trucking Company Z raises the cost to get loads from point A to point B.
VP of Wholesale Vegetable Company x walks into the bosses office: "Hey boss, just got off the phone with Trucking Company Z. Rates for shipping are going up due to fuel costs. I checked with our alternate shipping companies and they are also raising rates due to fuel."
Boss: "Well, you better get on the phone to our retailers and let them know that the price is going up on vegetables."
VP: "Ok boss, you got it."
Wholesale Vegetable Company X raises cost on vegetables.
VP of local grocery chain walks into bosses office: "Hey, we just got a notice from our wholesaler that the cost of vegetables is going up."
Boss: "Well, you better get busy changing those price signs/stickers."
VP: "Ok boss, I'll have them changed by the end of the night."
Grocery chain raises prices on vegetables.
Can someone please explain to me how our gubment sticking it to "the man" is not really just a tax increase on all of us?
Pez68
Fire Waldron
- Joined:
- Oct 31, 2014
- Posts:
- 5,020
- Liked Posts:
- 838
Can you explain to me when taxes on corporations were increased in recent history? Enough to triple the cost of gas?
Can you explain to me how a company that pays $0 in taxes to the federal government(Exxon-Mobil) at the end of the year, could possibly use taxes as a justification for raising prices?
Gas prices are where they are because of COMMODITY trading. Please people, do some research on this. It's nothing but price gouging and setting the market. It has NOTHING to do with government policy. Nothing. There are people pulling strings on the gas prices like a yoyo, making billions of dollars. Just like any other trading.
Is Romney going to regulate the shit out of the commodities market and the speculators to put an end to this? Very unlikely.
Can you explain to me how a company that pays $0 in taxes to the federal government(Exxon-Mobil) at the end of the year, could possibly use taxes as a justification for raising prices?
Gas prices are where they are because of COMMODITY trading. Please people, do some research on this. It's nothing but price gouging and setting the market. It has NOTHING to do with government policy. Nothing. There are people pulling strings on the gas prices like a yoyo, making billions of dollars. Just like any other trading.
Is Romney going to regulate the shit out of the commodities market and the speculators to put an end to this? Very unlikely.
- Joined:
- May 15, 2010
- Posts:
- 2,490
- Liked Posts:
- 0
- Location:
- Back in Jax
[font=Arial, Helvetica, sans-serif]Can you explain to me when taxes on corporations were increased in recent history? Enough to triple the cost of gas?[/font]
[font=Arial, Helvetica, sans-serif]Can you explain to me how a company that pays $0 in taxes to the federal government(Exxon-Mobil) at the end of the year, could possibly use taxes as a justification for raising prices?[/font]
[font=Arial, Helvetica, sans-serif]No. I'm not disagreeing with you. My point in short was that corporations don't pay taxes. They shift costs to the consumer, that's all. Not necessarily having to do with gas, just using that as an example on the whole.[/font]
[font=Arial, Helvetica, sans-serif]Can you explain to me how a company that pays $0 in taxes to the federal government(Exxon-Mobil) at the end of the year, could possibly use taxes as a justification for raising prices?[/font]
[font=Arial, Helvetica, sans-serif]No. I'm not disagreeing with you. My point in short was that corporations don't pay taxes. They shift costs to the consumer, that's all. Not necessarily having to do with gas, just using that as an example on the whole.[/font]
Pez68
Fire Waldron
- Joined:
- Oct 31, 2014
- Posts:
- 5,020
- Liked Posts:
- 838
You have a strange way of agreeing with me!
Pez68
Fire Waldron
- Joined:
- Oct 31, 2014
- Posts:
- 5,020
- Liked Posts:
- 838
I love how IHF will make ludicrous claims and accusations, and then when confronted on them, let the thread die, only to be revived the next time he tries to make a political argument out of it.
- Joined:
- May 15, 2010
- Posts:
- 13,392
- Liked Posts:
- 5,207
Can someone explain me why the price of gas goes up when a hurricane or fire damages a refinery or pipeline?
- Joined:
- May 15, 2010
- Posts:
- 2,490
- Liked Posts:
- 0
- Location:
- Back in Jax
I'm going with answer A ) Any excuse to **** us.
- Joined:
- May 15, 2010
- Posts:
- 3,533
- Liked Posts:
- 440
- Joined:
- May 14, 2010
- Posts:
- 5,014
- Liked Posts:
- 4
- Location:
- Plainfield, IL
It is the same shit with cell phones. Except cell companies dont even hide it, they put it right on your bill.
- Joined:
- May 15, 2010
- Posts:
- 991
- Liked Posts:
- 0
- Location:
- Not far from 127th and Archer
Light sweet crude down about 4 1/4 % today. Technical analysts see oil breaking a support level and continuing the downward trend. With the removal of more expensive summer blends, there should be a drop in gas prices.
I won't hold my breath for that to happen any time soon.
I won't hold my breath for that to happen any time soon.
cplmac
New member
- Joined:
- Apr 18, 2012
- Posts:
- 483
- Liked Posts:
- 2
- Location:
- Watford City, North Dakota
Can you explain to me how a company that pays $0 in taxes to the federal government(Exxon-Mobil) at the end of the year, could possibly use taxes as a justification for raising prices?
Gas prices are where they are because of COMMODITY trading. Please people, do some research on this. It's nothing but price gouging and setting the market. It has NOTHING to do with government policy. Nothing. There are people pulling strings on the gas prices like a yoyo, making billions of dollars. Just like any other trading.
Is Romney going to regulate the shit out of the commodities market and the speculators to put an end to this? Very unlikely.
Actually Exxon-Mobil pays almost $10 Billion a year in taxes to the US government, but I've never heard them use taxes to justify the cost of fuel even though there is an argument to be made there. It's not just federal taxes, fuel gets taxed by everybody with a legal taxing authority, municipal, county, state and federal. That's a big part of the reason why fuel is so much more expensive in blue states like California, New York and Illinois. Commodity trading can and does impact the cost of fuel, but futures are not traded in a vacuum. Like every other commodity that is traded, many factors influence the market and traders buy and sell fuel at prices they base on market conditions (hurricanes, supply, demand, geo political stability, exploration and discovery to name a few). These factors are greatly affected by government policy. If federal land is closed to exploration then an enormous slice of the natural resource pie is off the table artificially limiting supply and driving up the market value. If a technology that exponentially increases our ability to recover natural resources from known reserves is targeted for shutdown by the government it chills exploration and keeps the market price high. If offshore drilling is frozen it artificially constrains the supply driving market prices up. If Canadian oil is not allowed to enter our country though an inexpensive pipeline the cost of transporting that oil to our refineries goes up exponentially driving up the market price. If we do not allow all of our known reserves to be explored and recovered we lose a valuable tool to drive down the market price. ALL of these things are government policy driven. What is not government driven but can be government influenced is the production OPEC arbitrarily decides to put in play. They can turn down the tap any time they want and drive prices up. Middle East unrest causes disruptions in the OPEC supply, we've had a bit of that lately. America is capable of energy independence even with fossil fuels which would eliminate OPEC from the picture regarding our fuel supply and prices. Another not often talked about factor is the emerging Asian market. China and India have exploding demand for fuel increasing the market value. I wrote a short piece on fossil fuels back in March.
There are only a dozen or so major refineries that provide almost all of America's fuel, and almost all of them are on the gulf coast. When a refinery blows, it's a major undertaking to get it put back together and train a new batch of workers, fortunately it's pretty rare. With hurricanes it's a different problem, the refineries don't always shut down for a hurricane but the oil wells do. It's called shutting in, and when a hurricane is forecast to roll through the neighborhood the offshore rigs and onshore gulfcoast wells that are thought to be in the area are shut down. When you shut down a well or rig it's called shutting in, but it's not like turning a light on or off. It turns off no problem, but getting a well pumping again after turning it off is time consuming because you have to prime the whole system including the pipeline that every well runs through. It might only take a few hours to get a well back online, but you have to multiply that by tens of thousands of wells. When Isaac rolled through here about a month ago, thousands of wells were shut in and it took almost two weeks for everything to be brought back online. Offshore rigs are worse, they have to fly the crews back to the rigs and that's assuming a crew will be available because a lot of them are dealing with a hurrican rolling through their neighborhood. They also have to have their rigs inspected for damage and get the okay to fire back up.
Significantly yes, entirely no.