Enough Already...I Surrender

[friscophotoguy]

I filled up with gasoline on Wednesday, the price was $3.19 per gallon. Luckily it was my motorcycle. Last night I observed that the price is $3.35 per gallon. I wonder if I can get a home equity loan to pay for the gasoline for my cars?

Geeez.

[DavidsStudio]

I'm getting ready to close on a new house that is 5 minutes from work rather than the 10 mnutes I drive now. I figure the savings in gas will make my mortgage payment. :)

David

[Digital Prophet]

OMG it is a HUGE load of crap. We are being held hostage by these bastards.

Prophet out.

[DavidsStudio]

Originally Posted by friscophotoguy

I filled up with gasoline on Wednesday, the price was $3.19 per gallon. Luckily it was my motorcycle. Last night I observed that the price is $3.35 per gallon. I wonder if I can get a home equity loan to pay for the gasoline for my cars?

Geeez.

If gas gets any higher, I won't even be able to afford to telecommute.

[TxLerman]

Originally Posted by friscophotoguy

I filled up with gasoline on Wednesday, the price was $3.19 per gallon. Luckily it was my motorcycle. Last night I observed that the price is $3.35 per gallon. I wonder if I can get a home equity loan to pay for the gasoline for my cars?

Geeez.

This is from the Houston Chronicle.....

[redneckbill]

Folks, not that I do not agree with you but I would almost be willing to trade places with you try $10.36bz per gallon which translates to $5.18us Boycott the bastards for three days and you will see the prices return to a plausible level. This has gone on forever and they know they have us by the short hairs and they can and will get away with the price gouging and until we as whole decide to fight back then they will continue to line thier pockets with our gold. I work in the oil industry and I feel it too. Maybe if we could enlsit everone who owns a camera........

[laawaaris]

problem is that i think us as americans have built a tolerance for gas prices hovering around $3.00

as much as people don't like gas being that high, there simply is not being enough done about it to apply downware pressure on the gas price

in any event, anybody here think gas price may climb to $4.00 sometime soon?

[redneckbill]

The gas and oil prices will climb as high as the puppeteers want them to climb!! We the puppets will pay anything they demand if they demand it in small amounts and only once or twice a year. We have been conditioned to expect and accept these small rises in price as acceptable and we can watch it in all phases of our lives. At the grocery strores, the pharmacy, the insurance agents, doctors office, everywhere around us. We need to go back to a simpler way of life, ride bicycle or walk to the store instead of driving the car. I have to bew carefull I will get up on my soapbox and sart a sermon.

[mjdmike]

Sure, boycott, then buy gas later. It won't make any difference. What consumable ISN'T inflating. Milk used to be $0.50 a gallon, bread $0.25 a loaf, 10 cent stamps, power was a whole lot cheaper, you could buy a home for what you now happily pay for a car, the average income was $15 grand per year -- on and on.... it's inflation, and it isn't going to stop.

It's all relative anyway, so what difference does it make?

[redneckbill]

Mike you are correct, but in many cases, gas and oil being one of them, There is an artificial inflation and manipulation of prices to inflte a companies pockets and deflate ours!!!! My question is if this price increase is just in response to inflation then why did the oil companies report record net profits for the last 5-10 years???
No my this is not just in response to inflation. If you will check out the rise of inflation across you will probally find that the rise of the cost of goods are pretty much in correlation with the oil and insurance industries price manipulation.

[JamesDH]

1980 I made about $30,000 and paid 1.30 a gallon.
2007 I will make about $110,00 and am paying $3.20 a gallon.

Seems in line to me.

As far as making a profit. I believe we are still a capitalist country. Making a profit is legal.

[Toad]

I only get mad about how the gas prices go up by dimes, but only go down by pennies. I'd like to see a law that states that the price of gas has to go up and done by the same denomination. If that happened, I wonder if they would keep going up by dimes if they knew they had to go down by times... or if they would start going up by pennies so that going down would only be by pennies.

Here's a sad one for you though. My 1972 Chevy truck is paid for, and only costs me $38 dollars a month for liability insurance. It costs me (right now) $80 dollars in gas a week to drive back and forth to work. That's roughy $320 dollars a month in gas, or $358 a month total with the insurance payment.
With my crappy credit, and the fact that a new car requires full coverage insurance, putting gas in my truck is still cheaper than buying a new car, putting full coverage on it, and filling it up with gas every other week instead of twice a week.
Oh, I would go out and buy a newer car right out, if the motorcycle wreck hadn't killed me financially between copays and being out of work for so long.

Toad

[guitarbug]

Tell me about it! I am about to go out of business if the prices keep rising! Try running 4 trucks around the metroplex weekly. I think we are going to have to add a gas surcharge to our price on pest control service. The high gas price hurts everyone one way or another!

[movingex]

I believe that it is up to those of us who can't afford the gauging to get together and figure out a way to make them stop.

There is a suggestion floating around that we don't purchase gas from the major gas companies. I never do any way.

[TxLerman]

Let's keep a pulse on the actual situation. First, Boycotting will not do any good. All that will happen is that the purchases are delayed a day or two. Hence, there is no harm to the refiners bottom line. Second, we are experiencing very high world crude oil prices that are contributing to the higher gasoline prices. These higher prices are caused by the need to look in more difficult places for oil (deeper water), rising demand by China and India, tensions in the middle east and latin america, restrictions on drilling in the US, shortage of drilling capacity, shortage of geo-sciences trained people. Third, we are entering the summer driving season when prices normally increase because demand increases. Fourth, there are a number of US refineries that are experiencing unexpected outages at the worst time creating a crimp in supply. There are less than 150 refineries in the US. Hence, an outage at just a few can impact the supply of gasoline. Fifth, if consumer really want to impact oil companies, eliminate or dramatically decrease your demand for fossil fuels. Ride a bicycle, car pool, telecommute, etc. When there is more fuel chasing demand, prices fall. When demand is chasing too few available gallons of fuel, prices rise.


One last thing to consider, oil companies maybe recording high profits, but have you compared that to the amount of money they spend looking for the next source of oil? Oil companies spend amounts roughly on the same order of magnitude in looking for oil as they make in profits. ExxonMobil, the company everyone hates made $32 Billion, but spent more than $20 Billion in 2006. If they didn't have the profits, how would they fund the exploration?