Oil vs. Gas
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Thread: Oil vs. Gas

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    Carpe Noctum i8acobra knows about Elantras i8acobra's Avatar
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    Default Oil vs. Gas

    OK, so when Congress held it's "hearings" (and I use that term loosely), the oil execs said that gas prices go up when oil goes up and they have no control over that. So, why is it that when there's a whiff of trouble in the oil pipeline (figuratively, not the actual pipeline), gas prices shoot up, but when oil plummets to the lowest it's been in over a year, we're still over $3/gallon?

    Check out this chart:

    http://www.gasbuddy.com/gb_retail_price_chart.aspx

    You can change the timeline. Notice that in July, oil was over $145/Bbl. and gas was about $4.12/gal. That's a ratio of about $35:1. Now, oil's about $80/Bbl. and gas is about $3.05/gal. That's a ratio of about $26:1. What's up with that? Using the same ratio as July, gas should be around $2.29/gal. today.

    So, why is it that gas never drops as much as it goes up? Well the answer is simple, but unfortunately there's nothing we or any politician can do about it. How much you wanna bet the oil companies have no problem growing their profits this year even during the "economic downturn".
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    Poster God faraco3 can identify a wrench
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    Default Re: Oil vs. Gas

    How are they going to get rich by making gas cheaper? If people continue to pay $3.29 (currently at the corner gas station, Oceanside) they won't lower the price to $2.29.

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    Default Re: Oil vs. Gas

    Quote Originally Posted by faraco3 View Post
    How are they going to get rich by making gas cheaper? If people continue to pay $3.29 (currently at the corner gas station, Oceanside) they won't lower the price to $2.29.
    Who gives a ****, they don't need to get rich. They've been making record-breaking profits by ripping off the american people.

    They can rot in hell for all I care.


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    Final Fantasy 7=Teh Sex yamaha knows about Elantras yamaha's Avatar
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    Default Re: Oil vs. Gas

    Seriously, will *****ing get you anywhere? I know oil is the lowest it's been for over a year, yet out here it's still 2.9x's/gallon. It's been slowly dropping, but do you expect a company making huge profits to say "Hey, we'll drop prices dramatically and not make as much money as we are.", not the way business works my friend. I don't condone what they do, but yet I could give a **** less, I have more important things to worry about.
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    Super Moderator Cypher knows a lot about Elantras Cypher's Avatar
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    Default Re: Oil vs. Gas

    gas is 2.74 here
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    Calf...Ankles...Cankles!! evan938 knows a lot about Elantras evan938's Avatar
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    Default Re: Oil vs. Gas

    the barrel prices you're looking at it crude oil. they have to refine that crude to get it to us to use for gas in your car. when the hurricanes hit, it put a stop to someo of the refineries in the gulf. this is why you see oil down almost 50% and gasoline down ~30%

    FWIW, gas was $2.65 on my way to work, and i know on the west side of columbus, closer to the mixing stations, gas is around $2.57
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    Default Re: Oil vs. Gas

    2.40'S AROUND HERE. . . and yes, the numbers are huge, but the profit percentages are slim. You try running a small business on 4-5% profit margins.

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    KDM to JDM. Keyan can identify a wrench Keyan's Avatar
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    Default Re: Oil vs. Gas

    ^ good read
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    Default Re: Oil vs. Gas

    Gas prices are quicker to go up than to go down for one reason. Greed, pure and simple.

    Now some of these private stations are simply trying to recoup some losses because at times they were losing money after paying the oil and credit companies.


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    Default Re: Oil vs. Gas

    I'll be happy with $2.10 for regular, 2.30 for premium....espeically if these gas stations stay with their "10 cents less if you pay cash instead of credit" they switched over to when the prices were ****ing rediculous
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    Cool Re: Oil vs. Gas

    I would be happy with anything around 3/gal. LOL.

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    You best be trollin foo UrbanerMezei knows a lot about Elantras UrbanerMezei's Avatar
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    Default Re: Oil vs. Gas

    Gas is dropping here from Sept that saw a high of 130 c/L to a low of 95.3 c/L when I filled up today.

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    Default Re: Oil vs. Gas

    Well, with gas going back under $3/gallon, thank god we can all return to buying monstrously large, inefficient SUVs.
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    Default Re: Oil vs. Gas

    Quote Originally Posted by hyunelan2 View Post
    Well, with gas going back under $3/gallon, thank god we can all return to buying monstrously large, inefficient SUVs.
    Hurray now we can all drive like *******s again.

  18. #16
    Senior Member Stocker can identify a wrench Stocker's Avatar
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    Default Re: Oil vs. Gas

    Gas goes up faster because they have to cover their *** when selling one tank, to pay for the next. It's hard to know from a street corner if the oil futures (then the wholesale gas price) is going to go up a little or a lot. Lately they went up a lot. Now they are going down. Most of the gas station owners are just folks out to make a living, not stick it to the little guy.

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    Full Member dmiller66 has not yet proved knowledgeable
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    Default Re: Oil vs. Gas

    And the sad truth is....we have the technology to get off oil.

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    Default Re: Oil vs. Gas

    Quote Originally Posted by dmiller66 View Post
    And the sad truth is....we have the technology to get off oil.
    Yes but do we have the technology to get off in oil.

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    Default Re: Oil vs. Gas

    Quote Originally Posted by dmiller66 View Post
    And the sad truth is....we have the technology to get off oil.
    And this magic bullet technology is? Sure ain't hydrogen and no way is it ethanol. We may be able to get off oil for electricity, yet the liquid fuels problem remains...
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    Default Re: Oil vs. Gas

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