Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

So ... Why ARE gasoline prices going up ... THIS time ?
self ^ | May 21, 2009 | knarf

Posted on 05/21/2009 5:04:02 AM PDT by knarf

I admit to being confused.


TOPICS: Business/Economy
KEYWORDS: 0bama; 0bamaisfailing; bigteapartyjuly4; co2isnotpollution; cost; drillheredrillnow; gasoline; givemeliberty; globalcooling; idiocracy; keepthechange; madashell; newnukesnow; notsosmartcars
Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-104 next last
To: knarf

I’d read somewhere that they removed a lot of tax breaks for oil companies.


81 posted on 05/21/2009 6:16:53 AM PDT by RandallFlagg (Satisfaction was my sin)
[ Post Reply | Private Reply | To 1 | View Replies]

To: calex59

“because the dimwits are in charge and everyone knows there will be no drilling of new oil or increases of the domestic supply as long as they are in charge.”

Bingo. This is why we need a national energy policy of incentives for drilling and refining. We need enough capability such that we essentially cap the top side of the price range that speculators will bid crude up to. Even if we are not at all times using 100% of our capability, speculators would know that we could ramp it up in fairly short order.

If we had had such a policy for the last few decades, prices would never have gone to $4/gallon last summer, and would not have killed the US auto makers. Why? Because consumers would have felt safe enough to purchase the SUVs and trucks that Detroit actually make profits on!

But no, we couldn’t have that. We have to try to become France.


82 posted on 05/21/2009 6:21:15 AM PDT by mtrott
[ Post Reply | Private Reply | To 79 | View Replies]

To: Beagle8U
In the past month gas has gone up 70 cents a gallon. That is 35%. I don't think that is gradual.

Reading and understanding are two different things. Did the gas go up just for memorial day weekend (immediately) or did it go up the past month (gradual)? It was gradual as opposed to immediate.
83 posted on 05/21/2009 6:22:10 AM PDT by presently no screen name
[ Post Reply | Private Reply | To 69 | View Replies]

To: presently no screen name
“It was gradual as opposed to immediate.”

OK, you are right. 35% a month is a gradual increase, after all, it wouldn't double for 90 days!

84 posted on 05/21/2009 6:27:47 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
[ Post Reply | Private Reply | To 83 | View Replies]

To: Beagle8U

You are addressing the ‘price’ - I was responding to a poster on the ‘timing’ - it didn’t just go up for this weekend.


85 posted on 05/21/2009 6:30:41 AM PDT by presently no screen name
[ Post Reply | Private Reply | To 84 | View Replies]

To: IronJack

Oh NO! Profiteering. Not Profiteering. Can’t have profits now can we!


86 posted on 05/21/2009 6:32:37 AM PDT by PjhCPA (economic ignorance will be the death of this country)
[ Post Reply | Private Reply | To 76 | View Replies]

To: knarf
Over on the DUmmies board, they're absolutely convinced it is those evil speculators. They fail to see that rising gas prices make their Lord Zero look like a prophet for raising the CAFE standards.

They're funny, they jabber on and on about "Peak Oil", yet they bitch, gripe and moan about the prices of gasoline when there is a rise.

87 posted on 05/21/2009 6:47:35 AM PDT by hunter112 (SHRUG - Stop Hussein's Radical Utopian Gameplan!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lonesome in Massachussets

At least we will be able to payoff our mortgages with cheaper dollars.


88 posted on 05/21/2009 6:59:40 AM PDT by east1234 (It's the borders stupid! My new enviromentalist inspired tagline: cut, kill, dig and drill)
[ Post Reply | Private Reply | To 43 | View Replies]

To: calex59
Because they can.

I was going to say the exact same thing.

That's some catch, that Catch-22.

89 posted on 05/21/2009 7:01:10 AM PDT by BelegStrongbow (I'm still waiting for the One to say something that isn't a lie)
[ Post Reply | Private Reply | To 79 | View Replies]

To: presently no screen name

Memorial Day, happens every year.


90 posted on 05/21/2009 7:41:38 AM PDT by PROTESTBYPROXY (msm cover up the truth!!!)
[ Post Reply | Private Reply | To 10 | View Replies]

To: knarf

Come on, you already know the answer: Because it is that time of year again for everyone involved in the oil industry including speculators and those who can make billions on others pain and suffering to Rape the consumer. We have no options because we all have to drive and all we can do is complain.


91 posted on 05/21/2009 8:13:23 AM PDT by Jmouse007 (tot)
[ Post Reply | Private Reply | To 1 | View Replies]

To: east1234

Silly me, I paid off my mortgage, stayed out of debt, saved for retirement, avoided unhealthy life style choices.

It’s people like me that are dragging the rest of America down.


92 posted on 05/21/2009 8:24:23 AM PDT by Lonesome in Massachussets (AGWT is very robust with respect to data. All observations confirm it at the 100% confidence level.)
[ Post Reply | Private Reply | To 88 | View Replies]

To: PROTESTBYPROXY

no kidding - so does my birthday. What’s your point?


93 posted on 05/21/2009 9:15:46 AM PDT by presently no screen name
[ Post Reply | Private Reply | To 90 | View Replies]

To: knarf
Because the price is being manipulated by the financial institutions that we bailed out.

There is no consumer demand support for this, so I wouldn't be surprised if the price crashes again. Unless the dollar crashes first or cap and trade is enacted.
94 posted on 05/21/2009 9:20:32 AM PDT by mysterio
[ Post Reply | Private Reply | To 1 | View Replies]

To: knarf

why are gas prices going up?

because oil prices are going up.

why are oil prices going up?

traders either think that (1) the economy is going to rebound, (2) there is going to be inflation, or (3) both. Any of them are valid reasons for being bullish on commodities, of which oil is a commodity.


95 posted on 05/21/2009 9:22:41 AM PDT by GreatDaggar
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lonesome in Massachussets
Silly me, I paid off my mortgage, stayed out of debt, saved for retirement, avoided unhealthy life style choices.

You do know that Democrats HATE your kind of people, right?

96 posted on 05/21/2009 10:42:54 AM PDT by Obadiah (Obama: Chains you can believe in!)
[ Post Reply | Private Reply | To 92 | View Replies]

To: knarf

Obama’s fault


97 posted on 05/21/2009 11:31:22 AM PDT by mockingbyrd (Dick Cheney gets results!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: PjhCPA
Look up "profit."

Then look up "profiteering."

You'll find they're not synonymous.

98 posted on 05/21/2009 4:19:29 PM PDT by IronJack (=)
[ Post Reply | Private Reply | To 86 | View Replies]

To: knarf
Dixie didn’t think it was necesary to add .. /s.

I don't pay attention to these sorts of comments... there are ALWAYS exceptions to the GENERAL RULE.
99 posted on 05/21/2009 5:39:21 PM PDT by plsvn
[ Post Reply | Private Reply | To 60 | View Replies]

To: knarf

Before Bush left office he opened up vast off shore areas to leasing by the oil companies. When Obama came to office he reversed this.

The Obama administration also has closed off on shore oil producing areas to oil companies.

demand is up and the Obama Administration is at the same time ending America’s dependence on oil. he used to call it it America’s dependence on “foreign oil” now he just calls it America’s dependence on “oil”.


100 posted on 05/27/2009 4:06:01 AM PDT by reaganator
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-104 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson