[kellynla]

A Primer on Gasoline Prices
http://www.eia.doe.gov/bookshelf/brochures/gasolinepricesprimer/
Energy Information Administration

[P8riot]

At these prices it’s not even worthwhile shopping for the lowest price in town. I just fill up at the nearest station. All of their prices are obscene. Thanks RATs & RINOs

[meyer]

Anybody know where I can find hard data on profit per gallon of gas sold vs. taxes per gallon collected?

[CharlesWayneCT]

That’s much better than the Washington Post, who ran a front-page story on how evil Exxon-Mobil was even taking advantage of their own franchise owners in their evil lust for a few more pennies of profit.

[Hardastarboard]

"Crude is the driver," said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates in Galena, Ill. "As long as it stays up there, gasoline's not going to be able to decline much at all, even if demand slips. That's just the way it is."

This is one of the most appalling stupid statements I've ever read. What does Mr. Ritterbusch think DRIVES the price of crude, if not for the components it's made into? If the demand for gasoline suddenly dropped fifty percent overnight, what would that do to the price of crude oil (absent any sudden change in the demand for other petroleum products)? Geez this guy's a moron.

[CapnJack]

Lower demand should mean lower prices -- but it takes time for that to happen, given the enormous scale of refining operations that produce gasoline. "Once demand begins to slow, that needs to translate into inventories, then you get some price weakening," Ritterbusch said. "But it takes a while."

EXACTLY! Just like it takes time for prices to rise ... "it takes a while". /sarc

[kempo]

The price of gas is set at a price to keep a steady supply of gas in the tanks of the service stations we fill up at without having the stations run out of gas. Its that simple. We have three choices. Pay the high prices which makes us drive less or reduce the price of gas and stand in long lines for hours at a time to fill up or ration gas. Thats our choices. I don't like any of them but it's going to be that way until congress allows new areas to be opened for exploration and drilling. There is no short term solution. Long term buy more fuel efficient transportation.

[gibsosa]

bump

[enviros_kill]

This will rock your world. Listen to all 75 minutes. Our nation’s energy independence was sold out in the early 1970s to the world bankers. The media is keeping us in a matrix-like existence by not revealing the real story for $4 gas. The war and free-spending politicos have emptied the U.S. treasury so they had to boost the gas price so the Saudi’s could buy off our enlarged debt by essentially forcing us to pay higher taxes at the pump.

Lindsey Williams seems fairly credible and the historical events tie together, plus the oil exec collaboration. Has anybody heard this from other sources? Are other OPEC nations also required to buy our debt or only Saudi?

The Energy Non-Crisis

http://video.google.com/videoplay?docid=3340274697167011147

“Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams’ love for his country and concern for the spiritual welfare of the “pipeliners,” he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis.
After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.”

Discussed on FR recently.
http://www.freerepublic.com/focus/f-news/2017546/posts