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 > Gas 11 years ago from a Forum memeber

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FloridaRosebud

Melbourne

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Posted: 06/29/22 11:09am Link  |  Quote  |  Print  |  Notify Moderator

way2roll wrote:

People believe what they want to believe and there are plenty of media on either side of the aisle to feed constituents' hungry agendas. Facts are slippery things and often it's hard to even tell what the facts are when biased news outlets literally tell absolute lies on a daily basis.

But Oil is a commodity traded just like orange juice. It's subject to supply, demand and speculation. During covid, oil companies were actually losing money. There was no demand because no one went anywhere - for a long time. Post covid demand went from nothing to everything in a shorter span than oil companies could react to ramp up production. Neverminded the hesitancy to over produce if demand suddenly dropped off again which would result in another negative return. And then Russia - one of the largest oil producing nations in the world - attacked Ukraine. That's a big of an impact on speculation and a scramble for reactivity as one can imagine. The entire world is in a state of runaway inflation and oil is expensive literally everywhere on the planet. Many countries are paying much more than the US at the pump. Sure there's politics at play, but nothing on the order of a global pandemic and one of the number one suppliers at war and under extreme sanctions. Believe what you want, but no one person is responsible for gas prices. But everyone likes to blame someone and it's usually a person they already don't like.


Thank you! I was going to post something similar, but you beat me to it. Thanks for being the voice of reason.

Al

Cloud Dancer

San Antonio and Livingston TX USA

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Posted: 06/29/22 01:59pm Link  |  Quote  |  Print  |  Notify Moderator

I just paid $4.22 per gallon for gasoline, in San Antonio. If you insist, I'll give credit where credit is due.


Willie & Betty Sue
Miko & Sparky
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JIMNLIN

Oklahoma

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Posted: 06/29/22 02:14pm Link  |  Quote  |  Print  |  Notify Moderator

For years the voice of big oil and supporters and political despots was drill baby drill so we can be self sufficient which will bring cheaper fuel costs.

We achieved the self sufficient part but doing so didn't bring the cheap fuel cost part . I'm still waiting.


"good judgment comes from experience, and a lot of that comes from bad judgment" ............ Will Rogers

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RLS7201

Beautyful Downtown Gladstone, MO

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Posted: 06/29/22 02:56pm Link  |  Quote  |  Print  |  Notify Moderator

Doug, after getting your hands slapped so hard you may not be able to pick up a wrench for a few days. GRIN...........

Richard


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Moderator

Tennessee

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Posted: 06/29/22 04:33pm Link  |  Quote  |  Print  |  Notify Moderator

Just a reminder folks: we are NOT going to get into political postings.

wa8yxm

Davison Michigan (East of Flint)

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Posted: 06/29/22 04:47pm Link  |  Quote  |  Print  |  Notify Moderator

HappyKayakers wrote:

Amazing how some people have to go political when politics has nothing to do with the price of fuel today.


SO TRUE.

Oh and gas right now around me about 5.50/gallon (rounded) in 2008 dollars. 2008 the average price was about 4.14

4.04 in 2008 dollars is about 5.50 in today's dollars
(Source multiple internet searches)

In short. we are cheaper now, in real dollars, than in 2008

Here is a real kicker

A few years ago (like 2017) sign in a Waffle House. Darien GA
Bottled water (Coke's brand) 16.9 oz $1.69

That's 12.80/gallon folks,, people were happily paying it FOR WATER.

So.. why you bellyaching about the price of gas?


Home was where I park it. but alas the.
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fj12ryder

Platte City, MO

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Posted: 06/29/22 05:03pm Link  |  Quote  |  Print  |  Notify Moderator

"So.. why you bellyaching about the price of gas?" Because I don't buy bottled water?


Howard and Peggy

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MEXICOWANDERER

las peƱas, michoacan, mexico

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Posted: 06/29/22 05:35pm Link  |  Quote  |  Print  |  Notify Moderator

Yep. Things are getting tough even down here. Esmeralda parked her Honda and was leading her burro to the market with an X pack saddle. She hitches the contrary animal to an entrance barrier pipe. Theft proof. It'll bite anyone that tries to steal it.
But humor aside, it must be rough with kids to face the cost of fuel for a vacation.
One of the pressures that would temper the cost of fuel (cutting back) hasn't seemed to have happened yet.

BCSnob

Middletown, MD

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Posted: 06/30/22 07:02am Link  |  Quote  |  Print  |  Notify Moderator

Analogy time

I raise sheep. Occasionally a local buyer will come wanting to buy sheep at $150 a head. But I can take my sheep to a livestock auction ~1hr away where many buyers are bidding ~$300 a head. Should I sell my sheep to the local buyer, out of loyalty; or go down the road for the higher price enduring the complaints of my high prices by the local buyer?

bucky

Raleigh metro

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Posted: 07/01/22 04:24am Link  |  Quote  |  Print  |  Notify Moderator

It's always the person in charge who gets blamed. It's just the way things are. It's not political at all until someone makes it that way.
The Board of Directors fires the CEO when it is they that directed said CEO.


2005 Cummins 3500 2WD LB quad cab dually pulling a 2014 Blue Ridge 3025RL


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