Posted on 01/16/2007 1:09:18 PM PST by 2banana
Can't post but good news as Saudi Arabia's oil minister rejected calls for more production cuts...
http://www.bloomberg.com/apps/news?pid=20602099&sid=ap9i3C_FTkR4&refer=energy
Hopefully good news for all.
In GA we are at $1.99 already.
"why do price reductions always take months to show up at the pump, but increases in oil barrel prices send GAS (already refined, and at the pump) up immediately?"
Retail price is generally on a fairly fixed margin over wholesale.
With this in mind:
Because if there is going to be a supply crimp increase (e.g., a war or hurricane) people all rush out and fill up their tanks w/ cheap gas. Thus, the "cheap" retail gas is rapidly replaced with more expensive wholesale gas.
If prices are falling, people drive until empty, as it's cheaper later. Thus, the expensive retail gas is slowly replaced with cheaper wholesale gas.
Basic consumer dynamics.
they are? how do you figure that. exxon is investing in plug in hybrid cars? coal to diesel? bio-fuels? cellulitic ethanol?
It's a $1.89 in Henderson KY and the last I saw, $1.99 in Evansville
under your 'logic' prices would never go down
1) is false becuas ethey are SELLING gas they paid less for.
2) if 2) is right then it should apply to 1)
A lot of liberals were pushing ethanol and other alternative fuels hard and some likely even invested their own personal money.
You think they're driving up oil prices and trying to justify taxing oil companies to drive them up even higher for nothing?
1.95 here in North Saint Louis County..
Ok. And the price shoots up immediately when the barrel price increases. Is there a little blue pill theory associated with the rapid rise and the protracted decline?
This is hard for me to understand.
Yes, indeed. Where do those obscene profits go, the windfall that Sen Kennedy wants to tax away? Oil shale, tar sands, GMs electric car, solar, wind. Check it out. They are energy companies, not oil. Oil, nat gas, nuclear, solar, on and on long after all the oil is gone. Ever see that old movie Network?
First off it doesn't take months for gas to go down. It actually takes about 3 days. Sometimes less.
That is because prices go up and down not only on the original cost but also on the replacement cost.
They have, and there was nothing to find.
This thread reads like a Chucky Schumer fan club.
Caller not very smart....
Cindy Sheehag gets her face plastered all OVER the media...
Woops.....Wrong thread!
Sorry folks.
we've been hearing that for decades, that oil company profits were being plowed into alternative sources. where are they? they invest in new exploration and development of oil to be sure, but not too much in alternatives.
Gas is selling in the range of $1.80 to $1.89 per gallon in the Detroit area right now.
Saw gas at $1.96 where I live.
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