Skip to comments.
What's Driving Up Gas Prices This Time
THE WALL STREET JOURNAL ^
| February 22, 2004
| ANDREW BLACKMAN and BHUSHAN BAHREE
Posted on 02/23/2004 1:55:15 AM PST by sarcasm
Edited on 04/22/2004 11:51:09 PM PDT by Jim Robinson.
[history]
A recent surge in the cost of gasoline contributed to the jump in consumer prices reported Friday. And the rules of the gasoline industry are in flux, which could mean still higher prices at the pump this year.
While the traditional rules of supply and demand still largely drive gasoline prices, new factors such as environmental rules and a weaker dollar now have been thrown into the mix.
(Excerpt) Read more at sunday.wsj.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: energyprices; gasprices
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-51 next last
1
posted on
02/23/2004 1:55:16 AM PST
by
sarcasm
To: sarcasm
Sky high prices can also hurt Dubya's chances for reelection. The Feds will get part of the blame.
2
posted on
02/23/2004 2:06:03 AM PST
by
Truth29
To: sarcasm
We need more refineries, that will fix it all, along with more Natural gas pipe lines to relieve the shortage there also.
3
posted on
02/23/2004 2:23:38 AM PST
by
Phyto Chems
(What part of "illegal" don't they understand... :-)))
To: sarcasm
The low dollar.
4
posted on
02/23/2004 2:38:44 AM PST
by
ETERNAL WARMING
(SHUT THE DOOR IN 2004!)
To: sarcasm
As long as they refuse to raise interest rates (before the election) oil will continue to go through the roof.
BUMP
5
posted on
02/23/2004 2:58:32 AM PST
by
tm22721
(May the UN rest in peace)
To: Truth29
LOL, I would hardly call $1.70 per gallon sky-high. Sounds dead cheap to me. We pay over $5.00 per gallon for it here. Now, that's sky-high. It's literally as high as the gov't can set the tax without the populace revolting (the people have revolted in the past over it). I understand Americans think it's a high price, but in perspective, it's really not.
To: Prodigal Son
We've been to Britain a couple of times. When we come back and tell people what you folks pay for gas over there, they still whine. And drive their gas guzzlers. Many Americans seem to think that they have a right to cheap gas.
7
posted on
02/23/2004 4:11:55 AM PST
by
mewzilla
To: sarcasm
GREED, lack of real competition and no regulatory oversight of an almost monopolistic industry.
To: mewzilla
Many Americans seem to think that they have a right to cheap gas. You mean we don't? I am paying only$1.46.
9
posted on
02/23/2004 4:31:23 AM PST
by
SeeRushToldU_So
(I was winning the pool on the Super Bowl for 3.5 minutes.)
To: Prodigal Son
"Sky high" is relative to the country you are in. It will be over $2 USD this summer, maybe significantly higher. That's enough to have political consequences. If you are in Venezuela, gas prices are .30 cents USD. In Europe ...
10
posted on
02/23/2004 4:35:44 AM PST
by
Truth29
To: Phyto Chems
Besides more refineries, we need to cut down on different blends. Go with just two: urban and rural. Or just cut out the damn ethanol entirely, even though Archer Danials Midland screams
To: ETERNAL WARMING
The low dollar.That would be my guess. How unreasonible to raise the ppb after the dollar drops 40%.
12
posted on
02/23/2004 4:52:25 AM PST
by
steve50
("Every decent man is ashamed of the government he lives under." -H. L. Mencken)
To: sarcasm
Drill ANWR NOW!!!!
13
posted on
02/23/2004 4:55:42 AM PST
by
SW6906
To: Phyto Chems
We need more refineries, that will fix it all, Why would anyone invest in a refinery when the world crude oil output is about to peak?
14
posted on
02/23/2004 4:56:56 AM PST
by
palmer
(Solutions, not just slogans -JFKerry)
To: skip2myloo
GREED, lack of real competition and no regulatory oversight of an almost monopolistic industry. This is 2004, not 1904.
15
posted on
02/23/2004 4:57:35 AM PST
by
palmer
(Solutions, not just slogans -JFKerry)
To: SeeRushToldU_So
2.29 a gallon yesterday in LA area.
For one thing, I am really starting to question what the actual cost of credit cards might be. We had a new station open for cash only, at more than ten percent lower price. As soon as they got signed up to take cards at the pump their price jumped up to local norms: I thought it was three percent and not nearly as much as this suggests.
I also wonder what it is costing to clean up the MTBF disaster now that California switched (again)...and where the money comes from/
16
posted on
02/23/2004 5:15:43 AM PST
by
norton
To: Truth29
"Sky high" is relative to the country you are in. Only to a certain extent. The Average income in the US is higher than in Britain and many other costs are lower. So, not only are you making more you pay much less for your petrol.
Petrol costs as a percentage of your income are considerably lower in America. That part is not relative.
To: SeeRushToldU_So
Well, we drive small and fuel-efficient cars. We're about as insulated as we can get from fuel hikes. We've done what we can. Most of the price is taxes, anyway. I don't know why folks don't kvetch about that.
18
posted on
02/23/2004 6:02:42 AM PST
by
mewzilla
To: Prodigal Son
What are light truck sales doing there? Last time we were there, which was a few years ago, we still didn't see a lot of the bigger vehicles on the road. Is that changing?
19
posted on
02/23/2004 6:04:11 AM PST
by
mewzilla
To: Prodigal Son
UK and US **
petrol** costs are within 1.5 cents of each other as I write this, basis Rotterdam and allowing for estimated shipping differentials. The difference in the price at the pump is almost entirely due to the confiscatory tax on petrol that the UK levy.
Nor is this any sort of new development; it's been true for at least 3 decades.
20
posted on
02/23/2004 6:04:54 AM PST
by
SAJ
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-51 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.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson