Posted on 04/25/2006 2:40:18 PM PDT by keithtoo
Crude oil and gasoline futures fell Tuesday after President Bush gave the Environmental Protection Agency the authority to relax regional clean-fuel standards to attract more imports of gasoline to the United States and to make it easier for supplies to be moved from one state to another. President Bush also said he would halt deposits of oil to the nation's strategic petroleum reserve until the fall, but analysts said that measure would have next to no impact on crude prices and certainly would not help make gasoline any cheaper. Even the fuel-specification waivers will have a marginal impact, analysts said, given that the main force behind today's soaring pump prices is the near-record price of crude oil.
No our "spicket" is always wide open. Why would we want it any other way?
"And when we had the Carter era of 18% inflation, gas lines, 12% unemployment and gutting the military. Now those were the days."
Yeah I remember those days, weren't they great? (sarc)
I will take these days over those days.....
Great News!
I’m down to only about 1/3 of a tank, so I need to fill up in the next week. This should drop the price maybe as much as two cents a gallon!
Sure... you have access to the 'way back machine'?
Easy to throw an accusation isn't it?
Sort of a verbal molotov cocktail.
Maybe the Libs who shut down busnesses, and destroy refinery capacity, drilling in proved reserves and make enemies out of one-time friends like Iran would have more compassion for us.
Oops, John Kerry advocates 5.00/gal. gasoline.
Close to US$ 54! Ain’t all that tax great?
I agree there. But I can't resist messing with the cartel!
I forgot that. Do you still have your cardigan sweater? LOL
I've actually defended Coleman for his stance on ANWR because it was a campaign promise, I think pols should keep their promises, and without it he probably wouldn't have been elected in that state. Though the Wellstone Memorial backlash didn't hurt.
I won't defend him on the pandering at expense of the oil companies because he and Congress won't get their butts in gear and do things that would help alleviate this energy shortage. To my knowledge he made no promise not to cut the federal, and advocate states cut, the gas tax.
He'd better occupy his time wiping that tax off the books then putting out Liberal propaganda.
I generally like Cioleman well enough, far better than I expect of a Republican from his state. But my tolerance for rudderless pandering has reached a new low.
Good post!
Senator Coleman, Look! There is a price gouger in your mirror.
Until we build new refineries and start pumping oil from our land I will never believe the the government has any intention of doing anything but gum flap.
The people need to demand that the government authorize 10 new refineries and open all viable oil fields. If they happen to find oil in my back yard I will donate my property to the cause.
By small fraction, you mean more than half?
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Your model looks like it was created by the oil companies...:-) --- it leaves out profits at the manufacturing, wholesale and retail levels. No way that crude is near 55%. Not at todays inflated prices.
I utterly hate it. Britain is a net energy exporter, it should not be like this.
Regards, Ivan
Right! What about those North Sea oil fields?
The North Sea Oil fields are still producing - the government is actually giving companies incentives to drill.
I am just so sick of the Middle East. I long for the day when we are free to turn the Islamic world into the largest sheet of glass on the planet.
Regards, Ivan
The percentage of the retail price for gasoline that represents the real cost of crude oil, is a small fraction. ... I listened to an "oil company executive" on a talk show today who tried to convince his audience that the price of crude change over the past 18 months or so had a direct correlation to the pump price and was the major cost controller. WHOA BUDDY! --- not so, for those of us who can do arithmeticYou sure about your arithmetic? 1 barrel of oil = 42 gallons. When the price of crude gets to $84/barrel, crude costs $2/gallon before refining costs, shipping, etc. And you don't get 1 gallon of gasoline for each gallon of crude. Not sure what kind of fuzzy arithmetic you're using to assert that the price of crude is such a small fraction of the pump price.
I am just so sick of the Middle East. I long for the day when we are free to turn the Islamic world into the largest sheet of glass on the planet.
A barrel of oil is 42 galons.
At $73.00/barrel. Crude oil costs $1.74/gal.
In Englewood colorado, gas near my work is $2.72/gal.
Thus, in my area, crude acounts for 64% of the cost of gasoline.
Gas companies are doing what they can, very sensitive right now to accusation of so-called gouging.
If a Democrat or RINO politician wants to find a, "Gas Gouger," he simply needs to look into the mirror.
Compare oil and gasoline prices from a decade ago. Which one has risen more?
Er,
Make that,
A barrel of oil is 42 gallons.
At $73.00/barrel. Crude oil costs $1.74/gal.
In Englewood colorado, gas near my work is $2.72/gal.
Thus, in my area, crude accounts for 64% of the cost of gasoline.
Gas companies are doing what they can, very sensitive right now to accusation of so-called gouging.
If a Democrat or RINO politician wants to find a, "Gas Gouger," he simply needs to look into the mirror.
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