No one entity controls the price...for example there is only one non government oil company in the top ten, world wide!
Politics also play a large part. Natural disasters, lack of sufficient trained workers in some instances; environment concerns withold discoveries etc. etc.etc.
The stock markets also play a large role..traders and shorters affect the price to some extent, but as you can see
the price depends on many separate causes, very often not working in tandem. This is a very complicated question. Dont listen to the politicians..they are not intersted in the truth, only in furthering their own careersY oil prices still moving up?who is really controlling the price?
the 5 oil company's.Y oil prices still moving up?who is really controlling the price?
the government, they are looking for more money.
the feds are in on it too..
Bush! George Bush has ruined this whole country! Why did people vote for him? TWICE?!
No one ';controls'; prices as long as the government is uninvolved. Each oil company sets its prices, and consumers choose to buy or not. The problem is that the demand for gas is very steep, and when the price jumps a lot, our consumption goes down very little.
There is a possibility that they are collaborating, but most economists agree that the incentives to cheat on the deal are so great that a deal like that is essentially unworkable.
oil controler
Monday, August 23, 2010
The oil price in my country is vey high, what is your petrol price ?
$2.69...oklahoma city, oklahomaThe oil price in my country is vey high, what is your petrol price ?
I Live in Australia and i pay $1.41 per litre for unleaded fuel in my car and its wrong how it can keep going up n up n up.?The oil price in my country is vey high, what is your petrol price ?
Most expensive grade of petrol ';Shell V- power'; S$1.98 per litre in Singapore.
$2.80 a gallon in Florida
1.3 Euro/liter ( thessaloniki city GREECE)
2.55.IN.LAVONIA.GA.
$3.01/ gallon - Chicago SW suburbs
I Live in Australia and i pay $1.41 per litre for unleaded fuel in my car and its wrong how it can keep going up n up n up.?The oil price in my country is vey high, what is your petrol price ?
Most expensive grade of petrol ';Shell V- power'; S$1.98 per litre in Singapore.
$2.80 a gallon in Florida
1.3 Euro/liter ( thessaloniki city GREECE)
2.55.IN.LAVONIA.GA.
$3.01/ gallon - Chicago SW suburbs
The oil price is now almost half what it was. So why is petrol/gas still the same price?
Oil companies expect us to believe that this is due to currency fluctuations. It's strange that I've never heard them use this argument before. Can someone shed some light on this?
I suspect a large part of this is down to profiteering. If this is the case, what can the consumer do about it?The oil price is now almost half what it was. So why is petrol/gas still the same price?
Always find the cheapest gas station and buy from them. If you PAY the high prices then there is no incentive for them to DROP the price. Why should they?
You probably pay more money per gallon of bottled water than you do gasoline, but you never complain about that. The oil price is now almost half what it was. So why is petrol/gas still the same price?
An unbelievable set of answers above!!!
Yes, the price of crude oil is getting on for half of what it was back in ths summer ($80 per barrel now, dropped from $147 per barrel). This is the price of the raw stuff, not the refined petrol or diesel you put in your cars. But most importantly - the bulk of what consumers pay at the pumps is tax. The profit margins from the petrol stations is relatively small; and whilst the cost of the stuff may fluctuate wildly, the government's take remains constant (in the case of the UK, constantly high).
Aside from that, no one ever considers the huge expenses that oil and gas companies have to make to go out and explore for the stuff - an ever increasingly difficult task these days. To go out and explore, you need to plough back most of those profits, or raise money via loans from the city (can't see that happening right now). To put it into perspective - just a single exploratory well will cost millions of dollars, and will certainly not be guaranteed to find oil.
Reduced oil company profits will directly lead to reduced exploration budgets. This will feed back into the cycle with even higher oil prices a few years down the line.
There seems to be a perception out there that (like the recently maligned ';fat-cat'; city bankers), oil company workers are all on mega million $$$ bonuses, driving porsches, etc, etc. and leeching off the rest of the economy.
As one who works in the sector - I can say... ';if only!!!';
Because the oil companies are ripping everybody off.
They will claim that it takes time for the new price to reach the petrol pumps but notice that this does not apply when the price is going up, when they seem to be able to react on an hourly basis.
The government must react to this by slapping a windfall tax on the oil companies this year to help pay for all the money that has gone to rescuing the banks from their own greed and stupidity
good question and i wonder the same, and why are food prices not reflecting the same, they are not, and i can see that even with lower oil prices the customer is going to be the loser, i only have seen temporary lowering of prices, in some supermarkets, but that's not going to stay like that for long. we get rubbished whichever way you look at it.
ed
the consumer can't stop driving, how do you get to work, for many car is the only option, with little or no public transport
I personally don't worry about gas prices after finding info on how to pay much less for gas and groceries - ALL I DID was do a Yahoo search for ';1940 gas prices impossible no'; a few sites came up and some videos - I watched them - followed thier guides and am now paying unbelievable prices
I no longer spend time doing searching the net for the lowest prices for gasoline in my area, city, town, neighborhood or looking on the internet for gas stations with the cheapest price.
AND THATS THE TRUTH
I agree its disgusting but many of the petrol company buy their petrol in advance not on a daily basis so we have to wait till they can buy the cheaper fuel. OF course the thing that would help more was if the goverment would cut the tax but there is no chance of that
It is profiteering. And it isn't halved. I agree though. The oil price rises, they pass the cost to us instantly. The price drops, it takes forever to pass on the saving.
wankers
The consumer can stop driving.
The money helps pay for the new TV Ads where the oil companies try to convince you that they're the good guys, while they rob you blind at the pump. Remember when they used to advertise their gasoline?
Oil needs to stay at this price for about 2-3 weeks to see the big drops, because that is about how long it takes to refine the oil.
I share your disgust over these high prices.
In England some places have cut the cost of petrol.The others say it as not reached the forecourts.I reckon there lining there pockets.The
only thing a consumer can do is catch the bus or walk.
How can you complain about petrol prices? You drive a car which continually uses a non-renewable energy source. Millions of other people also do this.
How did you not see it coming?!
Because they find more places to drill oil that way there is more oil than petrol and gas
Petrol in my town has dropped to 拢1.06.
because ted dibiase says so!jane iredale
I suspect a large part of this is down to profiteering. If this is the case, what can the consumer do about it?The oil price is now almost half what it was. So why is petrol/gas still the same price?
Always find the cheapest gas station and buy from them. If you PAY the high prices then there is no incentive for them to DROP the price. Why should they?
You probably pay more money per gallon of bottled water than you do gasoline, but you never complain about that. The oil price is now almost half what it was. So why is petrol/gas still the same price?
An unbelievable set of answers above!!!
Yes, the price of crude oil is getting on for half of what it was back in ths summer ($80 per barrel now, dropped from $147 per barrel). This is the price of the raw stuff, not the refined petrol or diesel you put in your cars. But most importantly - the bulk of what consumers pay at the pumps is tax. The profit margins from the petrol stations is relatively small; and whilst the cost of the stuff may fluctuate wildly, the government's take remains constant (in the case of the UK, constantly high).
Aside from that, no one ever considers the huge expenses that oil and gas companies have to make to go out and explore for the stuff - an ever increasingly difficult task these days. To go out and explore, you need to plough back most of those profits, or raise money via loans from the city (can't see that happening right now). To put it into perspective - just a single exploratory well will cost millions of dollars, and will certainly not be guaranteed to find oil.
Reduced oil company profits will directly lead to reduced exploration budgets. This will feed back into the cycle with even higher oil prices a few years down the line.
There seems to be a perception out there that (like the recently maligned ';fat-cat'; city bankers), oil company workers are all on mega million $$$ bonuses, driving porsches, etc, etc. and leeching off the rest of the economy.
As one who works in the sector - I can say... ';if only!!!';
Because the oil companies are ripping everybody off.
They will claim that it takes time for the new price to reach the petrol pumps but notice that this does not apply when the price is going up, when they seem to be able to react on an hourly basis.
The government must react to this by slapping a windfall tax on the oil companies this year to help pay for all the money that has gone to rescuing the banks from their own greed and stupidity
good question and i wonder the same, and why are food prices not reflecting the same, they are not, and i can see that even with lower oil prices the customer is going to be the loser, i only have seen temporary lowering of prices, in some supermarkets, but that's not going to stay like that for long. we get rubbished whichever way you look at it.
ed
the consumer can't stop driving, how do you get to work, for many car is the only option, with little or no public transport
I personally don't worry about gas prices after finding info on how to pay much less for gas and groceries - ALL I DID was do a Yahoo search for ';1940 gas prices impossible no'; a few sites came up and some videos - I watched them - followed thier guides and am now paying unbelievable prices
I no longer spend time doing searching the net for the lowest prices for gasoline in my area, city, town, neighborhood or looking on the internet for gas stations with the cheapest price.
AND THATS THE TRUTH
I agree its disgusting but many of the petrol company buy their petrol in advance not on a daily basis so we have to wait till they can buy the cheaper fuel. OF course the thing that would help more was if the goverment would cut the tax but there is no chance of that
It is profiteering. And it isn't halved. I agree though. The oil price rises, they pass the cost to us instantly. The price drops, it takes forever to pass on the saving.
wankers
The consumer can stop driving.
The money helps pay for the new TV Ads where the oil companies try to convince you that they're the good guys, while they rob you blind at the pump. Remember when they used to advertise their gasoline?
Oil needs to stay at this price for about 2-3 weeks to see the big drops, because that is about how long it takes to refine the oil.
I share your disgust over these high prices.
In England some places have cut the cost of petrol.The others say it as not reached the forecourts.I reckon there lining there pockets.The
only thing a consumer can do is catch the bus or walk.
How can you complain about petrol prices? You drive a car which continually uses a non-renewable energy source. Millions of other people also do this.
How did you not see it coming?!
Because they find more places to drill oil that way there is more oil than petrol and gas
Petrol in my town has dropped to 拢1.06.
because ted dibiase says so!
Where is the price of oil going to?
97.07 in nmWhere is the price of oil going to?
Over $100 and beyond.聽 The poor oil companies are only going to make a net profit of $40 Billion this quarter.Where is the price of oil going to?
It all depends on how rich Bush wants to get.
US 120 bbls within the next 6 months (predicted based on the grwoth trends (artficial growth) not based on any economic reasons.
going sky up,,soon only rich peaople will be able to afford gas the ones that get paid 200 gs a year
Over $100 and beyond.聽 The poor oil companies are only going to make a net profit of $40 Billion this quarter.Where is the price of oil going to?
It all depends on how rich Bush wants to get.
US 120 bbls within the next 6 months (predicted based on the grwoth trends (artficial growth) not based on any economic reasons.
going sky up,,soon only rich peaople will be able to afford gas the ones that get paid 200 gs a year
If we nationalize oil companies then we can control oil prices, should we?
That way only Americans will consume the oil here instead of shipping it to Asia.If we nationalize oil companies then we can control oil prices, should we?
You're absolutely right - history has taught us that any time we nationalize an industry we can control prices. It has also demonstrated throughout the socialist world that supply completely dries up.
So we can get back to $0.99/gal, but you'll get a ration of a gallon a week.If we nationalize oil companies then we can control oil prices, should we?
About 70 percent of the oil and refined products we consume are imported, and we don't control the market price of oil any more than our oil companies do.
If you look at the oil companies that have had their operations nationalized, you will see that those operations were involved in extraction in producing countries such as Saudi Arabia and Venezuela. Exxon is our biggest oil refiner, but how would we bring prices down by seizing its refineries when the price of the oil it refines is not within its control? And what would we do if we seized its distribution-related assets? We can't bring prices down by seizing its trucking fleets.
The reason we ship some of our oil to Asia is because we don't have the refinery capacity to process all the products we need. So we sell some of our crude abroad and use the proceeds to buy (or trade for) refined products from foreign suppliers..
That's just what we need - the government running the oil industry because it's done such a good job with health care. The cost of oil is high because of the high demand. When anything is in high demand, the item goes to the highest bidder. Foreign oil is commanding high prices just because it can. We've got to stop depending on it by drilling here while at the same time researching alternative sources of energy and conserving. Next time you are out and about, look at the string of cars going in the same direction with just the driver. In many cases, where buses are lacking, we could consider car pooling.
The big three almost have a monopoly of oil, once the large companies were broken up to promote competition, they have merged with government approval, and most probably control price.as they once did. Can't trust government to protect us from the giants, where will we be if government controls the oil.
thats what mexico does and its not a good idea
there gas is 2.50 right now, but cant dig for more because they dont have enought money to do so since most of the money goes to goverment pograms
now there trying to sell the oil company (PEMEX) so private companies that have the money to do so, will give more oil to the country
big fight right now
Yes, we absolutely should. When Exxon-Mobil makes $11 billion profits on the backs of us I get upset. That is incredibly greedy. Unfortunately, the oil lobby will buy all the politician's votes and the oil industry will always be privately operated.
Oh, and hisdivineshadow: gas is 11 cents/gallon in venezuela, what are you talking about?
And what has the government gotten it's hands on that it didn't screw up in one way or the other? We don't need government involved in health care or oil! We do not need bigger government or more government control. Let them put their time and energy in keeping us safe from terrorists...let them run the military!
when you take away the free market, then you get Socialism, we need to offer tax incentives for people to drill American, I read this quote; the only reason that Hollywood liberals think it is better for the environment to drill in South America is because they don't have to see it from they re Malibu Mansions That doesn't really have anything to do with your question, I just liked the quote
yes, we will then make sure that prize of oil sky rocket to $10.00 a gallon no one would have freedom to buy their own type of car, only goverment issue cars:. retro fit your house with solar power energy systems 25,000 - 75,000 a house:. and the rents will be force to pay some sort of {home owner taxes equivalent} just to rent in California. you should go to Energytomorrow.com
get your facts strait
America has no control over foreign oil prices. We can just set tax on it, which is pretty low compared to other countries. Germany pays the same for oil as America, but they just tax it more, that's why it's so much more money.
Have you ever seen the government take over something and do it better than private companies do it? The government has screwed us enough.
If you want to live where private companies are Nationalized look at Venezuela and Hugo Chavez. No thanks!
I can't freely answer to your question
because if I do then all low life they will report me
and my account will be suspended
Americans kill the freedom of speech...
NO..this is what the National Socialist did in Germany
what would be next for the government to take over?
yes
we are the only country that hasnt nationalized
HELL NO !!!!!
of course not
You know which country that tried this idea fairly recently? Venezuela. Do we really want to be like them?
You're absolutely right - history has taught us that any time we nationalize an industry we can control prices. It has also demonstrated throughout the socialist world that supply completely dries up.
So we can get back to $0.99/gal, but you'll get a ration of a gallon a week.If we nationalize oil companies then we can control oil prices, should we?
About 70 percent of the oil and refined products we consume are imported, and we don't control the market price of oil any more than our oil companies do.
If you look at the oil companies that have had their operations nationalized, you will see that those operations were involved in extraction in producing countries such as Saudi Arabia and Venezuela. Exxon is our biggest oil refiner, but how would we bring prices down by seizing its refineries when the price of the oil it refines is not within its control? And what would we do if we seized its distribution-related assets? We can't bring prices down by seizing its trucking fleets.
The reason we ship some of our oil to Asia is because we don't have the refinery capacity to process all the products we need. So we sell some of our crude abroad and use the proceeds to buy (or trade for) refined products from foreign suppliers..
That's just what we need - the government running the oil industry because it's done such a good job with health care. The cost of oil is high because of the high demand. When anything is in high demand, the item goes to the highest bidder. Foreign oil is commanding high prices just because it can. We've got to stop depending on it by drilling here while at the same time researching alternative sources of energy and conserving. Next time you are out and about, look at the string of cars going in the same direction with just the driver. In many cases, where buses are lacking, we could consider car pooling.
The big three almost have a monopoly of oil, once the large companies were broken up to promote competition, they have merged with government approval, and most probably control price.as they once did. Can't trust government to protect us from the giants, where will we be if government controls the oil.
thats what mexico does and its not a good idea
there gas is 2.50 right now, but cant dig for more because they dont have enought money to do so since most of the money goes to goverment pograms
now there trying to sell the oil company (PEMEX) so private companies that have the money to do so, will give more oil to the country
big fight right now
Yes, we absolutely should. When Exxon-Mobil makes $11 billion profits on the backs of us I get upset. That is incredibly greedy. Unfortunately, the oil lobby will buy all the politician's votes and the oil industry will always be privately operated.
Oh, and hisdivineshadow: gas is 11 cents/gallon in venezuela, what are you talking about?
And what has the government gotten it's hands on that it didn't screw up in one way or the other? We don't need government involved in health care or oil! We do not need bigger government or more government control. Let them put their time and energy in keeping us safe from terrorists...let them run the military!
when you take away the free market, then you get Socialism, we need to offer tax incentives for people to drill American, I read this quote; the only reason that Hollywood liberals think it is better for the environment to drill in South America is because they don't have to see it from they re Malibu Mansions That doesn't really have anything to do with your question, I just liked the quote
yes, we will then make sure that prize of oil sky rocket to $10.00 a gallon no one would have freedom to buy their own type of car, only goverment issue cars:. retro fit your house with solar power energy systems 25,000 - 75,000 a house:. and the rents will be force to pay some sort of {home owner taxes equivalent} just to rent in California. you should go to Energytomorrow.com
get your facts strait
America has no control over foreign oil prices. We can just set tax on it, which is pretty low compared to other countries. Germany pays the same for oil as America, but they just tax it more, that's why it's so much more money.
Have you ever seen the government take over something and do it better than private companies do it? The government has screwed us enough.
If you want to live where private companies are Nationalized look at Venezuela and Hugo Chavez. No thanks!
I can't freely answer to your question
because if I do then all low life they will report me
and my account will be suspended
Americans kill the freedom of speech...
NO..this is what the National Socialist did in Germany
what would be next for the government to take over?
yes
we are the only country that hasnt nationalized
HELL NO !!!!!
of course not
You know which country that tried this idea fairly recently? Venezuela. Do we really want to be like them?
Price of Oil price is over $100? News that health care went up?
The news today that the cost of health care and medicine is expected to go up and price of oil is over $100. This smells fishy. Like my mind is being conditioned to accept all economic hardships whoever wins in the elections. It's like manipulation by the real powers that control the legislature and the executive body of the land.
We know that U.S. economies where - oil, Health care and Pharmaceutical industry are sucking our blood dry. Do you know how rich these sectors of the economy is? Their profits are skyrocketing and they continuously raise their prices. To the detriment of the American people. Many of these entities are not even U. S. corporation. So profits are pouring out of the country. What could be a good reason to raise the price of oil and health care and medicines? To kill us as a NATION?
Some laws are against the interest of the nation. Washington is broken and needs to be fixed. Who do we elect into office to fix our LAW MAKING BODY and EXECUTIVE? SAME O SAME O?Price of Oil price is over $100? News that health care went up?
Unfortunately, short of a real revolution, its always going to be same o, same oPrice of Oil price is over $100? News that health care went up?
No mention of how President Bush caused all this? What's up with that?!
Policies need to be changed and rewritten. How the government runs needs to be changed. The country is heading for a revolution of some kind. When it'll come I have no idea. But if this keeps up, it's bound to happen.
Lol,
Liberals your policies come home to roost.
We told you so
Can't quarrel with your points. Out of the ';menu of choices,'; though I'm not enthused, I'm voting for McCain. However, I study ALL the issues and candidates and regard my Congressional, proposition, and other votes as very important as well--because they are.
I study what I consider to be the key issues and I write, write, write--from locals through feds--on the major issues. I know that my voice, along with sometimes just a thousand others, DOES make a difference on SOME things because pols still need us to get re-elected--something most want.
I wish everyone who felt as you do would read a really good book that came out a short time ago--Cassandra Nathan's Save America, Save the World--because in it she did her research and offers suggestions in many areas that are NOT the ';same o, same o'; on things from health care to taxation to energy to Social Security to immigration and more. She respects the Founders and the Constitution and applies a realist's point of view for achieving important goals.
I also wish people would read Thomas Sowell's Basic Economics and Arthur C Brooks, Who Really Cares? and see that WE the people are NOT powerless, but if we educate ourselves on key issues, we CAN affect the course of our nation.
Every once in a while we get lucky and get a good person in office who does appreciate the Constitution and tries to make a difference. I am GRATEFUL for Ron Paul, for example--he puts forth a certain amount of legislation that is SENSIBLE. I see Jeff Flake taking up his torch on a piece of legislation we NEED: demanding that ALL potential legislation carry IN it a citation for where in the Constitution it is AUTHORIZED. If it can't justify itself Constitutionally, it can't be.
Now THAT would save us TRILLIONS.
Interesting how the media really don't discuss that, isn't it. I know they have the really pressing issues of the day like tracking Britney and finding pix of Obama in African garb, but if they could spend a couple of minutes a day on goofy stuff like pending legislation in Congress, I would appreciate it.
We know that U.S. economies where - oil, Health care and Pharmaceutical industry are sucking our blood dry. Do you know how rich these sectors of the economy is? Their profits are skyrocketing and they continuously raise their prices. To the detriment of the American people. Many of these entities are not even U. S. corporation. So profits are pouring out of the country. What could be a good reason to raise the price of oil and health care and medicines? To kill us as a NATION?
Some laws are against the interest of the nation. Washington is broken and needs to be fixed. Who do we elect into office to fix our LAW MAKING BODY and EXECUTIVE? SAME O SAME O?Price of Oil price is over $100? News that health care went up?
Unfortunately, short of a real revolution, its always going to be same o, same oPrice of Oil price is over $100? News that health care went up?
No mention of how President Bush caused all this? What's up with that?!
Policies need to be changed and rewritten. How the government runs needs to be changed. The country is heading for a revolution of some kind. When it'll come I have no idea. But if this keeps up, it's bound to happen.
Lol,
Liberals your policies come home to roost.
We told you so
Can't quarrel with your points. Out of the ';menu of choices,'; though I'm not enthused, I'm voting for McCain. However, I study ALL the issues and candidates and regard my Congressional, proposition, and other votes as very important as well--because they are.
I study what I consider to be the key issues and I write, write, write--from locals through feds--on the major issues. I know that my voice, along with sometimes just a thousand others, DOES make a difference on SOME things because pols still need us to get re-elected--something most want.
I wish everyone who felt as you do would read a really good book that came out a short time ago--Cassandra Nathan's Save America, Save the World--because in it she did her research and offers suggestions in many areas that are NOT the ';same o, same o'; on things from health care to taxation to energy to Social Security to immigration and more. She respects the Founders and the Constitution and applies a realist's point of view for achieving important goals.
I also wish people would read Thomas Sowell's Basic Economics and Arthur C Brooks, Who Really Cares? and see that WE the people are NOT powerless, but if we educate ourselves on key issues, we CAN affect the course of our nation.
Every once in a while we get lucky and get a good person in office who does appreciate the Constitution and tries to make a difference. I am GRATEFUL for Ron Paul, for example--he puts forth a certain amount of legislation that is SENSIBLE. I see Jeff Flake taking up his torch on a piece of legislation we NEED: demanding that ALL potential legislation carry IN it a citation for where in the Constitution it is AUTHORIZED. If it can't justify itself Constitutionally, it can't be.
Now THAT would save us TRILLIONS.
Interesting how the media really don't discuss that, isn't it. I know they have the really pressing issues of the day like tracking Britney and finding pix of Obama in African garb, but if they could spend a couple of minutes a day on goofy stuff like pending legislation in Congress, I would appreciate it.
Is it possible that gasoline prices in the US could be @ $4 a gallon again with oil prices staying as they are?
Especially in the high tax states, NY,CA, Northeast!Is it possible that gasoline prices in the US could be @ $4 a gallon again with oil prices staying as they are?
Drilling American oil would solve that problem.....and it will not take 10 years to do........Is it possible that gasoline prices in the US could be @ $4 a gallon again with oil prices staying as they are?
I don't recommend that anyone assume oil prices will stay where they are. Current oil production projects are reliant on oil in the $70-80 barrel range in order to be profitable. I think we will see a concerted push to get oil prices back up to that range.
Please keep in mind that gas prices can move independently of oil prices depending on refining capacity and other production factors.
No ! The prices rise when the speculators begin driving them up.
I have a solution for that however. It's called a bounty on their @ss. It's time we played hard ball with this crude. It's time they were exposed to the public, each time they create a new bull market on oil !
yes.
almost all of the gasoline to the east coast is supplied by a handful of pipelines. if one of these breaks down and another catches fire, expect local gas prices to go up rapidly.
It is absloutely certain that unless alternative fuels come into use that gasoline will be much more expensive the 4.00 a gallon. China is still growing at an 8% rate and increasing there gasoline consumption faster.
who knows, the oil companies do what they want and have us by the balls, we are all suckers to their little game, they are being nice now that the economy is in ****, but I am sure they will jack it up soon
When the economy recovers probably.
yes, this little low gas price respite is the quiet before the storm.
Yes
depends on the demand I suppose
Drilling American oil would solve that problem.....and it will not take 10 years to do........Is it possible that gasoline prices in the US could be @ $4 a gallon again with oil prices staying as they are?
I don't recommend that anyone assume oil prices will stay where they are. Current oil production projects are reliant on oil in the $70-80 barrel range in order to be profitable. I think we will see a concerted push to get oil prices back up to that range.
Please keep in mind that gas prices can move independently of oil prices depending on refining capacity and other production factors.
No ! The prices rise when the speculators begin driving them up.
I have a solution for that however. It's called a bounty on their @ss. It's time we played hard ball with this crude. It's time they were exposed to the public, each time they create a new bull market on oil !
yes.
almost all of the gasoline to the east coast is supplied by a handful of pipelines. if one of these breaks down and another catches fire, expect local gas prices to go up rapidly.
It is absloutely certain that unless alternative fuels come into use that gasoline will be much more expensive the 4.00 a gallon. China is still growing at an 8% rate and increasing there gasoline consumption faster.
who knows, the oil companies do what they want and have us by the balls, we are all suckers to their little game, they are being nice now that the economy is in ****, but I am sure they will jack it up soon
When the economy recovers probably.
yes, this little low gas price respite is the quiet before the storm.
Yes
depends on the demand I suppose
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