$3.22 for regular in MIchigan? Why? - PeachParts Mercedes-Benz Forum

strelnik · #1 09-15-2010, 05:56 PM

Gas has jumped through the roof, supposedly because there was a pipeline leak here which has now been stopped.

If it was so little, why should gas go up 40 cents in two days?

Another screw job.

Skid Row Joe · #2 09-15-2010, 07:03 PM

The price of oil is being artificially held up by the Central Banking System in the U.S. An audit of their books would disclose this, but it's not going to happen.

We are awash in oil - more oil than we have ever had in the past 30 years.

Based on supply and demand economics, there's no reason why oil should not be selling for between $10 and $12 a barrel. It should cost no more than a dollar a gallon at the pump.

At $10 a barrel, we (the United States) would bring the Middle eastern Countries to their knees, as well as Venezuela, and Russia. The U.S., Japan, India, China and most of the world including European countries would have an economic boom that had never before been seen in history.

LandYaghtLover · #3 09-15-2010, 09:07 PM

^ What he said.

I just paid $3.19 for premium. But I found a place at $3.09. Crazy.

Pooka · #4 09-15-2010, 09:14 PM

When the pipeline leak began there was already another pipeline leak on another line. This shut down not only the primary but the secondary source as well.

So refiners have to scale back on production. If they shut down then restarting is a rather big production.

Crude can be bought up from the south, from Nederland, TX, and Cushing, OK, but it will take a week or so to get there.

Since demand for gasoline has remained steady it has to come from somewhere and it is likely being trucked in from terminals south of you. You are paying for the shipping fees by truck.

When the crude lines out of Canada are repaired the price should drop.

pawoSD · #5 09-15-2010, 09:35 PM

Quote:

Originally Posted by strelnik

Gas has jumped through the roof, supposedly because there was a pipeline leak here which has now been stopped.

If it was so little, why should gas go up 40 cents in two days?

Another screw job.

3.22? I can get premium for 3.03 around here.....its up maybe 10-15 cents, but has dropped about 5 in the past couple days.

Diesel only went up 4 cents, so I am not complaining. 2.89

My wife only drives 400 miles a month, so barely $50 of fuel....so price really isn't an issue.

#6 09-16-2010, 12:43 AM

Here is a whine-o-thin on the subject by independent stations.

Fulcrum525 · #7 09-16-2010, 02:12 AM

Gotta compensate for that extra 5 cents that you get on bottle returns

pawoSD · #8 09-16-2010, 07:22 AM

Quote:

Originally Posted by Fulcrum525

Gotta compensate for that extra 5 cents that you get on bottle returns

Exxxxcellent.

dynalow · #9 09-16-2010, 08:09 AM

Quote:

Originally Posted by Fulcrum525

Gotta compensate for that extra 5 cents that you get on bottle returns

That looks like a guy on April 15th doing his tax return.

In Jersey premium around here is 2.81 per and you still don't have to pump your own gas.

HuskyMan · #10 09-16-2010, 08:41 AM

once upon a time, I worked for a major oil company and was in charge of some financial reports. just raising gas a dime meant billions upon billions in extra revenue for them. we are talkin' serious six foot high stacks of CASH.

so......it doesn't take a rocket scientist to figure out they use "trigger events" to jack up the price. an oil spill here, a broken pipeline there, a war breaks out, whatever, there is no good reason to jack up the price other than it is great for the oil company's bottom line. the oil guys are always going to have their hands in our pockets. squeezing us for all we've got (and then some).

buffa98 · #11 09-17-2010, 12:23 AM

Quote:

Originally Posted by dynalow

That looks like a guy on April 15th doing his tax return.

In Jersey premium around here is 2.81 per and you still don't have to pump your own gas.

BUT you property tax more than makes up for it

Pavka007 · #12 09-17-2010, 01:08 AM

Quote:

Originally Posted by Skid Row Joe

The price of oil is being artificially held up by the Central Banking System in the U.S. An audit of their books would disclose this, but it's not going to happen.

We are awash in oil - more oil than we have ever had in the past 30 years.

Based on supply and demand economics, there's no reason why oil should not be selling for between $10 and $12 a barrel. It should cost no more than a dollar a gallon at the pump.

At $10 a barrel, we (the United States) would bring the Middle eastern Countries to their knees, as well as Venezuela, and Russia. The U.S., Japan, India, China and most of the world including European countries would have an economic boom that had never before been seen in history.

Yes everyone will bow to the demand of the US.......

You really need to wake up....
The official figures for Venezuela for example are 74%, do you really think that anyone in the US in the middle of this deal would like to cut his/hers billions dollars profit just for you? Following the same economics you are referring to, it DOESN'T make any sense for the Oil company to do so, because the share holders will sell out if there are not HUGE profits. So for them (the companies) to compensate the loss of the Venezuela oil they have to pay whatever the market ask.....so in the long run it will get even more expensive. Supply and demand......
You really need to educate yourself more in global economics.....

As soon as US (as per your opinion) try to demand lower prices, the sooner all this oil will be redirected to China, India etc...

aklim · #13 09-17-2010, 11:44 AM

Quote:

Originally Posted by HuskyMan

once upon a time, I worked for a major oil company and was in charge of some financial reports. just raising gas a dime meant billions upon billions in extra revenue for them. we are talkin' serious six foot high stacks of CASH.

so......it doesn't take a rocket scientist to figure out they use "trigger events" to jack up the price. an oil spill here, a broken pipeline there, a war breaks out, whatever, there is no good reason to jack up the price other than it is great for the oil company's bottom line. the oil guys are always going to have their hands in our pockets. squeezing us for all we've got (and then some).

While a price raise means more money, how would they actually convince the buyer to do that? I'm just curious. Can they simply slap on a higher price or does it get traded in some other fashion?

BobK · #14 09-17-2010, 02:44 PM

http://news.cincinnati.com/article/20100917/BIZ01/309170028/Repaired-pipeline-lower-gas-prices-

HuskyMan · #15 09-17-2010, 03:48 PM

Quote:

Originally Posted by aklim

While a price raise means more money, how would they actually convince the buyer to do that? I'm just curious. Can they simply slap on a higher price or does it get traded in some other fashion?

there always has to be a 'crisis'. the Gulf War in 1991 created an 'oil shortage', thus the oil companies raised gas prices. my job was preparing reports that were sent to the government that backed up the oil companies claim that there really was a shortage and thus, the need to raise prices.

also, in case you haven't noticed, every gasoline outlet's prices in a particular area is within a nickel or two of each other. gasoline is a highly controlled market and nobody is allowed to substantially lower (fifty cents or more) under anyone else.