Monday, August 23, 2010
If crude oil is going down in price, why hasn't gasoline?
I may be completely confused, but isn't gasoline refined from crude oil? I've seen on the news lately that crude oil has gone down in price several times, but gasoline hasn't. In some cases it's gotten more expensive. So...why?If crude oil is going down in price, why hasn't gasoline?
because everyone keeps buying it
stop buying or stop cryingIf crude oil is going down in price, why hasn't gasoline?
Because gas companies are crooks! Ha although this response is correct it is not the correct answer. Oil prices are not based 100% on the price of crude but on ';speculation'; Basically market traders that are speculating on the price of ';tomorrow';
Write your congressmen and encourage them to limit oil speculation. However again that could mean the downfall of capitalism as we know it. Damned if you do, damned if you don't. I suggest you get a hybrid (actually they are too expensive) better yet get yourself a great performing car such as the toyota yaris. Very inexpensive and great on gas.
Good question. I know there can be a lot of reasons, but it still doesn't answer the question of Why prices can and do change from day to day.
It just doesn't make sense for gas to fluctuate from $4.00 to $3.42 in less than 3 days and then go back up to $3.79 4 days later.
I stll believe it is price gouging
Now that the summer season is over they move to the other excuses, Hurricane Yogi bear or of course the winter fuel needed for heating. They are screwing us all, they don't even give us a good time first.
Theres problems with the refineries from Ike. Plus, theres always corruption too.
Refineries to make gas from oil. Also, I'm sure other factors like demand for gas go into it.
Crude oil just went up almost $17 a barrel yesterday...
maybe shipping...because ppl are going insane buying it up faster than they can supply it? idk
becus the gas people can get away with stealing our money becus we have to have gasoline.jane iredale
because everyone keeps buying it
stop buying or stop cryingIf crude oil is going down in price, why hasn't gasoline?
Because gas companies are crooks! Ha although this response is correct it is not the correct answer. Oil prices are not based 100% on the price of crude but on ';speculation'; Basically market traders that are speculating on the price of ';tomorrow';
Write your congressmen and encourage them to limit oil speculation. However again that could mean the downfall of capitalism as we know it. Damned if you do, damned if you don't. I suggest you get a hybrid (actually they are too expensive) better yet get yourself a great performing car such as the toyota yaris. Very inexpensive and great on gas.
Good question. I know there can be a lot of reasons, but it still doesn't answer the question of Why prices can and do change from day to day.
It just doesn't make sense for gas to fluctuate from $4.00 to $3.42 in less than 3 days and then go back up to $3.79 4 days later.
I stll believe it is price gouging
Now that the summer season is over they move to the other excuses, Hurricane Yogi bear or of course the winter fuel needed for heating. They are screwing us all, they don't even give us a good time first.
Theres problems with the refineries from Ike. Plus, theres always corruption too.
Refineries to make gas from oil. Also, I'm sure other factors like demand for gas go into it.
Crude oil just went up almost $17 a barrel yesterday...
maybe shipping...because ppl are going insane buying it up faster than they can supply it? idk
becus the gas people can get away with stealing our money becus we have to have gasoline.
Cons, How much stock do you need in the oil companies to offset the price gouging?
Not sure they can answer since 80% of the cons on Y! Answers are still in school, and yet to understand how it is to have a Mortgage to pay, and kids to feed, one day they'll take the blinders off!Cons, How much stock do you need in the oil companies to offset the price gouging?
I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only over $140 a barrel. So here is my difficulty :
I have requested my agents spin the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon” But it does not work price up fast enough.
I have paid the mainstream media, the Think Tanks, and the major PR talking heads, to spin China and India (supply and demand) responsible for price hike, to deflect American public anger. But that does not go far enough.
Right now, I am extremely nervous and worried. I urgently need a prey to buy those “paper barrels” on my hording. So I can profit. But where can I find my prey ?
ADD:
Airline industry has requested and demanded Congress stop oil speculation. I have my lobby on Capitol Hill work the Senators and Congressmen around the clock. But I do not how long they can hold.
Airlines urge Congress to curb oil speculation
http://www.boston.com/business/articles/…Cons, How much stock do you need in the oil companies to offset the price gouging?
Like I said in response to your other question, we don't need to offset anything. We have VRWC gas cards that automatically charge our purchases to the accounts of moonbats. They'll never notice. They'll think it went to their Cheetos.
Not a whole lot but since they are also the number one group of companies looking into alternate energy sources I keep buying them...buying them for 20 years now so one way or the other I'm doing fine...jeshhh all those people waiting in line to by the iPhone can't be too concerned about gas prices or health car cost ;-)
Sunoco stock has fallen 50% in 1 year.
The stocks aren't going up nearly as much as oil.
So, it might not work at all. Tell that to Pelosi
Libs, how come you never complain about almighty government price gouging via. gas tax?
Not as much as I need to offset the oppressive government taxes I pay on gasoline..
a billion kajillion shares of Amalgamted Tin and Lead co.
Only the democrat congress knows for sure, I bet their hedge funds are paying off well...
Libs!
I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only over $140 a barrel. So here is my difficulty :
I have requested my agents spin the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon” But it does not work price up fast enough.
I have paid the mainstream media, the Think Tanks, and the major PR talking heads, to spin China and India (supply and demand) responsible for price hike, to deflect American public anger. But that does not go far enough.
Right now, I am extremely nervous and worried. I urgently need a prey to buy those “paper barrels” on my hording. So I can profit. But where can I find my prey ?
ADD:
Airline industry has requested and demanded Congress stop oil speculation. I have my lobby on Capitol Hill work the Senators and Congressmen around the clock. But I do not how long they can hold.
Airlines urge Congress to curb oil speculation
http://www.boston.com/business/articles/…Cons, How much stock do you need in the oil companies to offset the price gouging?
Like I said in response to your other question, we don't need to offset anything. We have VRWC gas cards that automatically charge our purchases to the accounts of moonbats. They'll never notice. They'll think it went to their Cheetos.
Not a whole lot but since they are also the number one group of companies looking into alternate energy sources I keep buying them...buying them for 20 years now so one way or the other I'm doing fine...jeshhh all those people waiting in line to by the iPhone can't be too concerned about gas prices or health car cost ;-)
Sunoco stock has fallen 50% in 1 year.
The stocks aren't going up nearly as much as oil.
So, it might not work at all. Tell that to Pelosi
Libs, how come you never complain about almighty government price gouging via. gas tax?
Not as much as I need to offset the oppressive government taxes I pay on gasoline..
a billion kajillion shares of Amalgamted Tin and Lead co.
Only the democrat congress knows for sure, I bet their hedge funds are paying off well...
Libs!
My oil fired hot water heater broke and i need a new one. any one know the price of this job? thanks!?
Basically the tank was leaking water all over my basement and the tec said I need a new one. He said that water had gotten into the fire chamber.the tank is about 15 years old.if you know of any web sites that i could look up to compare prices that would help. i searched endlessly with no answers. thanks....My oil fired hot water heater broke and i need a new one. any one know the price of this job? thanks!?
Funny...this happened to us just 2 days ago. We live in CT. Water leaked out of the bottom seam all over the place. We replaced it with a good quality tank by Bock, 50 gallon, and the total cost installed was $2500. This included the tank, as well as the work of the plumber and heating technician. Unless you're really handy (can solder well), you'll need to call in the plumber; also disposing of the old one is tricky because it's considered hazardous due to the oil. Good luck.My oil fired hot water heater broke and i need a new one. any one know the price of this job? thanks!?
Check out Lowe's or home depot.. They a have all kinds of tanks to chose from. They will probably hook it up for you at a given price too.
Oh I just realized you said oil. They only have gas and electric. Sorry. I would go to a local oil supply company.
I would recommend goin to a plumbing supply store, or even the oil/gas company im sure they could help.
Funny...this happened to us just 2 days ago. We live in CT. Water leaked out of the bottom seam all over the place. We replaced it with a good quality tank by Bock, 50 gallon, and the total cost installed was $2500. This included the tank, as well as the work of the plumber and heating technician. Unless you're really handy (can solder well), you'll need to call in the plumber; also disposing of the old one is tricky because it's considered hazardous due to the oil. Good luck.My oil fired hot water heater broke and i need a new one. any one know the price of this job? thanks!?
Check out Lowe's or home depot.. They a have all kinds of tanks to chose from. They will probably hook it up for you at a given price too.
Oh I just realized you said oil. They only have gas and electric. Sorry. I would go to a local oil supply company.
I would recommend goin to a plumbing supply store, or even the oil/gas company im sure they could help.
What factors can one look at when deciding whether oil prices are fair or not compared to old prices?
Oil Consumption, Oil Discovery, Oil Production, Difference of wagesWhat factors can one look at when deciding whether oil prices are fair or not compared to old prices?
Check out the website listed below. It shows inflation adjusted gas prices (for the US) over the last several decades.
The second link provides inflation adjusted oil prices for the same time periods.
In addition to inflation, one has to take in other variables at play in the crude oil market. The following is a short list:
- OPEC and other cartels that determine production volumes
- Global demand
- Political unrest, war, terrorism, etc. at or near production facilities
- Environmental and climatological issues (ship wrecks, hurricanes, etc.)
- Taxes
- Speculators
- Production regulations (drilling prohibitions, lack of refinery capacity, etc.) that affect supply.
- Distribution Issues (breakdowns in delivery between production and refining areas)
I'm sure there are many others, but these were off the top of my head.
Check out the website listed below. It shows inflation adjusted gas prices (for the US) over the last several decades.
The second link provides inflation adjusted oil prices for the same time periods.
In addition to inflation, one has to take in other variables at play in the crude oil market. The following is a short list:
- OPEC and other cartels that determine production volumes
- Global demand
- Political unrest, war, terrorism, etc. at or near production facilities
- Environmental and climatological issues (ship wrecks, hurricanes, etc.)
- Taxes
- Speculators
- Production regulations (drilling prohibitions, lack of refinery capacity, etc.) that affect supply.
- Distribution Issues (breakdowns in delivery between production and refining areas)
I'm sure there are many others, but these were off the top of my head.
Conusmer confidence sinks to a 26 year low and could they figure out that oil prices are causing it?
Sorry to say, It's NOT ONLY Oil!
Food prices are SKYROCKETING almost as 'fast' as Gasoline/Oil prices. (I 'feel' for Anyone who is in the Colder Climates and Still uses 'Oil' to Heat their homes in Winter)
The 'whole' Economy is in the shytter and the Republicans
are NOT HELPING any! BIG Business %26amp; the Oil Industry is their IDEAL/GOD!
I'm not too THRILLED with the Democrats either.
WE/America is in a 'SAD' state of Affairs...(Elections)
';No-Party Affiliation';, here. I Vote the Man or Woman, NOT the Party!Conusmer confidence sinks to a 26 year low and could they figure out that oil prices are causing it?
You question reeks with political undertones.
Oil prices are only one factor and the primary problem with the oil ';crises'; is our own US Government. We are prohibiting the oil companies from drilling in the Artic (like the Russians are doing), prohibting drilling in the Grul of Mexico (like the Mexicans are doing); prohibit the drilling of oil off the coast of Florida (like the Chinese are doing) this is why we have an oil crises. We are subsidizing farmers, and we are using our food sources to supplement the oil problem
Oil prices are being driven up by OPEC, the Russian %26amp; Venezulia nations in order to weaken the US economy, and it's working. So between the Liberals and the Tree Huggers our economy is getting weaker.
Consurmer confidence is low, a a great part of if has to do with the Liberalization of America. America is turning into a socialistic country, this is not what America great.
This is a business/investing section and should not be used for political comments and statements, I just answered your remarks because I think they are Un-American and was not posted for informational purposesConusmer confidence sinks to a 26 year low and could they figure out that oil prices are causing it?
It's not just oil prices. Food prices are also going up--and the oil crisis is at the heart of that as well, because of ethanol. Ethanol is a boondoggle, but it has driven up the price of corn (and, hence, beef and chicken) and has also driven up the prices of other grains as well, because farmers can make more money if they grow corn than, say, wheat or hops.
We're screwed, basically, and it didn't help to have an oilman in the White House for these past 8 years.
Well that is certainly one factor, but rising mortgage rates, and declining home values, along with inflation on core items like food aren't helping. Unfortunately the middle eastern oil producing cartel have us by the throat and there doesn't seem to be much we can do about it.
Oil is one factor... but there are others. Unemployment is on the rise and companies are starting to cut employees. That is another factor ... there are many others
Food prices are SKYROCKETING almost as 'fast' as Gasoline/Oil prices. (I 'feel' for Anyone who is in the Colder Climates and Still uses 'Oil' to Heat their homes in Winter)
The 'whole' Economy is in the shytter and the Republicans
are NOT HELPING any! BIG Business %26amp; the Oil Industry is their IDEAL/GOD!
I'm not too THRILLED with the Democrats either.
WE/America is in a 'SAD' state of Affairs...(Elections)
';No-Party Affiliation';, here. I Vote the Man or Woman, NOT the Party!Conusmer confidence sinks to a 26 year low and could they figure out that oil prices are causing it?
You question reeks with political undertones.
Oil prices are only one factor and the primary problem with the oil ';crises'; is our own US Government. We are prohibiting the oil companies from drilling in the Artic (like the Russians are doing), prohibting drilling in the Grul of Mexico (like the Mexicans are doing); prohibit the drilling of oil off the coast of Florida (like the Chinese are doing) this is why we have an oil crises. We are subsidizing farmers, and we are using our food sources to supplement the oil problem
Oil prices are being driven up by OPEC, the Russian %26amp; Venezulia nations in order to weaken the US economy, and it's working. So between the Liberals and the Tree Huggers our economy is getting weaker.
Consurmer confidence is low, a a great part of if has to do with the Liberalization of America. America is turning into a socialistic country, this is not what America great.
This is a business/investing section and should not be used for political comments and statements, I just answered your remarks because I think they are Un-American and was not posted for informational purposesConusmer confidence sinks to a 26 year low and could they figure out that oil prices are causing it?
It's not just oil prices. Food prices are also going up--and the oil crisis is at the heart of that as well, because of ethanol. Ethanol is a boondoggle, but it has driven up the price of corn (and, hence, beef and chicken) and has also driven up the prices of other grains as well, because farmers can make more money if they grow corn than, say, wheat or hops.
We're screwed, basically, and it didn't help to have an oilman in the White House for these past 8 years.
Well that is certainly one factor, but rising mortgage rates, and declining home values, along with inflation on core items like food aren't helping. Unfortunately the middle eastern oil producing cartel have us by the throat and there doesn't seem to be much we can do about it.
Oil is one factor... but there are others. Unemployment is on the rise and companies are starting to cut employees. That is another factor ... there are many others
Oil Prices: If the price of a barrel of oil has fallen why haven't the prices fallen at the pump?
I know people will say that is because the oil at the pump cost a certain price, but if that were true why does the price at the pump go up almost daily when the price of oil rises. Also, another question we have been told that the prices rose because of supply and demand, but lo and behold it's speculation that made the prices go up. Now, wouldn't you like to know who was doing that speculating?
http://news.yahoo.com/s/ap/20080910/ap_o鈥?/a>Oil Prices: If the price of a barrel of oil has fallen why haven't the prices fallen at the pump?
Frank, I'm 65 years old. Never in my life have I seen anything that has gone UP, come down! I'm serious.
When I started driving, I could fill my tank up for $4.00. Now it's $60.00. Of course I don't expect it to go down to $4,I'm just making the comparison.
Keep this in mind too. Since gasoline has gone up, so have thousands of other things that depend on gasoline to transport them. Especially groceries. Will groceries go back down? They haven't yet! And I don't expect they will.Oil Prices: If the price of a barrel of oil has fallen why haven't the prices fallen at the pump?
The price of crude oil now is actually the price of crude oil *futures* 6 months from now; the price of gasoline on the commodities market is the price of gasoline *futures*. It takes about 6 months for oil to come from the well to be catalyzed into gasoline in the pump at the convenience store.
Also, there are winter and summer blends of gasoline; winter blends are cheaper and should be hitting the pumps within a month. This might make the price drop by 10 cents...15 if we are lucky.
Speculation does have a lot to do with it. Gasoline prices in my area jumped 15 cents the day *before* Gustav hit. After it did no major damage, the price dropped...5 cents. Remind me to be overjoyed, ok?
http://news.yahoo.com/s/ap/20080910/ap_o鈥?/a>Oil Prices: If the price of a barrel of oil has fallen why haven't the prices fallen at the pump?
Frank, I'm 65 years old. Never in my life have I seen anything that has gone UP, come down! I'm serious.
When I started driving, I could fill my tank up for $4.00. Now it's $60.00. Of course I don't expect it to go down to $4,I'm just making the comparison.
Keep this in mind too. Since gasoline has gone up, so have thousands of other things that depend on gasoline to transport them. Especially groceries. Will groceries go back down? They haven't yet! And I don't expect they will.Oil Prices: If the price of a barrel of oil has fallen why haven't the prices fallen at the pump?
The price of crude oil now is actually the price of crude oil *futures* 6 months from now; the price of gasoline on the commodities market is the price of gasoline *futures*. It takes about 6 months for oil to come from the well to be catalyzed into gasoline in the pump at the convenience store.
Also, there are winter and summer blends of gasoline; winter blends are cheaper and should be hitting the pumps within a month. This might make the price drop by 10 cents...15 if we are lucky.
Speculation does have a lot to do with it. Gasoline prices in my area jumped 15 cents the day *before* Gustav hit. After it did no major damage, the price dropped...5 cents. Remind me to be overjoyed, ok?
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