Posted on 03/02/2007 7:59:19 AM PST by newzjunkey
Once again San Diego, a Big Oil "get healthy" market, is getting hit harder than market forces can justify.
Gas prices are up because Americans are trying to drive far enough to get away from all the Anna Nicole Smith coverage.
{ {{ PING San Diego Area Freepers PING } }}
Once again San Diego, a Big Oil "get healthy" market, is getting hit harder than market forces can justify.
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Many prices in the Bay Area are OVER $3.00 per gallon. There is no justification -- just greed.
A monopoly can charge whatever it wants for as long as people will pay it. This is why we need an alternate fuel.
There's a place you can do that??? WHERE?
" The petroleum industry has long said that crude oil costs are just one factor in gasoline pricing, the others being supply and demand. "
Demand by Al Gore and his supporters.
I just wish they would quit buying gasoline.
It is also the Democrats' fault for not allowing us to drill for more of our own oil or build or own refineries. I wonder if there's any way Bush or any other president could use the military as a cover for such actions, under the power of being CiC?
They're trying to coerece Al Gore into reducing the size of his "carbon footprint".
Check the accuracy of your chart. It goes out to 3/29 (4 weeks from today) and has a price of $57 and change whereas the spot price this morning is $62 and change.
Greed? Collusion?
You are correct...one poster here indicated "is getting hit harder than market forces can justify"...so true. But, as you can see, there are many here who post charts that indicate there is no gouging, no price fixing...they ignore the reality there is...Perhaps a nickle, a dime above where the prices should be but multiply that by the billins of gallons purchased per day...One moron trying to justify out of whack prices where a gallon of gas price goes up the same day as a barrel price increase (depite lag time of at least a week to see that gas make to the pump) indicated it was bacause station owenrs had to charge more so when they had to buy the new inventory they had the additional funds to do it.Well, with that logic when barrell prices go down shouldn't the price at the pump fall immediately since they neeed less money to secure new inventoey a week away? The clear point that showz one is being gouged is that when gas prices spike for barrel, within a day there is an increase at the pump...when they drop appreciably that savings does not show up at the pump for weeks at times...Clearly, this is price fixing and gouging...But now you will see all those who defend big oil print their charts that seems to suggest that does not happen when we all know it does...I guess they have a ton of money in oil stocks...they want to justify the gouging, they make money off of it after all.
However, investing in a refinery is a risky proposition because the government is likely to change the regulations or activists are likely to sue and delay or stall indefinitely the construction of the refinery. That means the builder could end up with many millions of dollars of assets tied up in a project that it stalled, and may not be very profitable when it gets completed because the government my tax or regulate away all the profits.
I have heard that ExxonMobil are shutting down all their Mobil stations in Maryland. Anyone know anything about that?
I have heard that ExxonMobil are shutting down all their Mobil stations in Maryland. Anyone know anything about that?
I have heard that ExxonMobil are shutting down all their Mobil stations in Maryland. Anyone know anything about that?
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