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Gas Price Surge Under Bush Follows Unchecked Increase in Refinery Mergers
Bloomberg News ^
| 5/17/04
| Jim Efstathiou Jr.
Posted on 05/17/2004 5:34:34 AM PDT by machman
Edited on 07/19/2004 2:14:12 PM PDT by Jim Robinson.
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To: Servant of the 9; CSM
Hey, I'm on a fixed income and would love to be able to buy one of the hybrids on the market. But I have an idea. This awful digestive problem creates lots of natural gas. Maybe someone could harness the power of the fart to propel my vehicle! ROFL
41
posted on
05/17/2004 8:37:44 AM PDT
by
tob2
(Old Fossil and proud of it!)
To: Dog Gone
You are correct, however the residual materials value normally carry a value at or near the original cost of feedstock. Real cost is a very complicated formulation partly due to thruput variances when modern refining techniques are utilized such as reforming and hydro-cracking which change the balance by increasing output quantities by altering the hydrocarbon chain.
42
posted on
05/17/2004 8:45:22 AM PDT
by
River_Wrangler
(Gun powder for me and a beer for my horse!)
To: Timocrat
43
posted on
05/17/2004 8:48:58 AM PDT
by
River_Wrangler
(Gun powder for me and a beer for my horse!)
To: machman
Mergers?
Blame the environ wackos and the Democrat puppets for unfettered regulation and the failure to pass an energy bill.
We new refineries, every current refinery could be independently owned and operated and we would still see a gas shortage.
OPEC needs to increase production to compensate for the huge growth in China and we need to increase refining capacity.
44
posted on
05/17/2004 8:50:27 AM PDT
by
CyberCowboy777
(Veritas vos liberabit)
To: jeremiah
Would agree, but on the other hand, if Kerry is elected, it will be worse. Kerry will fight drilling tooth and nail. His solution will be to increase the tax on gas.
To: tob2
If you are truly a senior living on a "fixed income" that means you are retired. If the gas prices are affecting you so much, then just stop driving and stay at home. You can avoid the costs much easier than a non-retired person.
In addition, why wouldn't you have made investments when you were younger that accounted for all costs to increase with the same rate as inflation? Gas prices still have not risen to the levels that they should be if you take inflation into account.
Instead you post that the auto manufactures need to make vehicles with premium technology that are affordable to low or fixed income folks. Do you also want the government to grant seniors a "fuel subsidy", much like the drug subsidy?
46
posted on
05/17/2004 9:06:12 AM PDT
by
CSM
(Vote Kerry! Boil the Frog! Speed up the 2nd Revolution! (Be like Spain! At least they're honest))
To: JustAnAmerican
It's gone up a lot more than 6-7 bucks in the last couple of years. Of course, the short term increase you are talking about is due to a lot of things, ranging from an increase in oil prices, to lack of refinery capacity, to higher wages, etc. I doubt that you can ID any mergers that have occurred in the last few weeks that might explain it.
To: machman
48
posted on
05/17/2004 9:12:19 AM PDT
by
Truth666
To: machman
49
posted on
05/17/2004 9:43:43 AM PDT
by
GailA
(Kerry I'm for the death penalty for terrorist, but I'll declare a moratorium on the death penalty)
To: tob2
When a $5 bill won't fill my motorcycle anymore, it's bad.
50
posted on
05/17/2004 10:07:57 AM PDT
by
Indie
(We don't need no steenkin' experts!)
To: tob2
Count your blessings - I filled up yesterday on the north shore of Kauai and spent nearly $40 at a price of $2.49 per gallon for regular.
51
posted on
05/17/2004 11:17:40 AM PDT
by
KAUAIBOUND
(Hawaii - a Socialist paradise)
To: tob2
HERE in RENO GAS is $2.29 per gallon we always get hit, I sure would like to know why.
52
posted on
05/17/2004 11:18:19 AM PDT
by
douglas1
(I)
To: machman
Funny, I'd think that mergers would reduce administrative costs and increase efficiency?
Crude oil prices account for almost half of the cost of gasoline, the Energy Department says. Refining, distribution and marketing costs make up one fourth of the price and taxes account for the rest.
In other words, gas taxes are mostly to blame.... Gas taxes Kerry voted 11 times to increase.
53
posted on
05/17/2004 11:22:30 AM PDT
by
adam_az
(Call your State Republican Party office and VOLUNTEER!!!!)
To: tob2
Here in the Los Angeles area, the cheapest I've been able to find regular gas was at an Arco station in Torrance. Price: $2.22 per gallon up five cents from last week. These days, I'm topping off my tank not letting it get below half a tank. So I bought $10 on Saturday, which got me a quarter of tank's worth. You folks in the rest of the country who are still paying under $2 per gallon don't know how good you have it.
54
posted on
05/17/2004 11:26:23 AM PDT
by
Wolfstar
(I'm sorry the public shrugged when Clinton said truth depended on what the meaning of IS, is.)
To: tob2
the auto manufacturers need to use improved technology so that cars can run efficiently... vehicles and energy sources [need] to be affordable
Regardless,
you're going to pay. When the technology breaks or needs maintenance, it's going to be much more expensive to fix or replace. It's going to be a nightmare for low-incoming families.
And forget about do-it-yourself auto-repair. Not without a lab with hundreds of thousands of dollars worth of electronic diagnostics equipment, thousands of pages of documentation and hundreds of hours of training, expensive specialized single-purpose tools, etc.
To: John Robinson
low-income.
"I have already previewed or do not wish to preview this composition" -- my worst idea ever.
To: machman
I'm sure the fact that no refineries have been built in the U.S. since Nixon was president has nothing to do with the shortage...
57
posted on
05/17/2004 2:51:16 PM PDT
by
snopercod
(It ain't over until I say it's over.)
To: machman
The last new refinery was built in 1973, that's 31 years and many millions of SUVs ago.
To: John Robinson
59
posted on
05/17/2004 2:55:40 PM PDT
by
tob2
(Old Fossil and proud of it!)
To: Wolfstar
Not for long. It's past $2 for premium and regular is not too far behind.
60
posted on
05/17/2004 2:57:17 PM PDT
by
tob2
(Old Fossil and proud of it!)
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