How and why gas is priced like it is.

[edo783]

I found this artical that delves into the how and why gas prices are where they are. Pay attention to the refining vs expolration/recover parts. Very interesting. We all like to blame the oil companies, but maybe they aren't causing it as much as we thought.

http://news.yahoo.com/s/ap/20080524/...in_the_tank_12

[HPF Bob]

The causes:

1) weakened U.S. dollar
2) increased demand, particularly in Asia, raising crude oil price
3) U.S. stupidity toward oil/gas drilling/refining/remixing.

Fix any one of these three problems and the price or oil would plummet.But it seems most politicians would rather demonize "big oil" than do anything to actually fix the problem.

[edo783]

Originally Posted by HPF Bob

The causes:

1) weakened U.S. dollar
2) increased demand, particularly in Asia, raising crude oil price
3) U.S. stupidity toward oil/gas drilling/refining/remixing.

Fix any one of these three problems and the price or oil would plummet.But it seems most politicians would rather demonize "big oil" than do anything to actually fix the problem.

I would also add "Rampent speculation" as a cause for the rise along with those you have submitted.

[KJ3]

"Mayra Perez said she works two fast-food jobs to help support her family, and gasoline is becoming harder to afford."

why work 2 fast food jobs when you could just go get 1 good job? why work 1 fast food job when you are older than 18? maybe it's just me but i have NO interest in working fast food jobs. magnify that statement if i had kids to take care of. you need more money so the answer is grab onto that 2nd burger flipper? nope. what is ignorant is that she actually had a fix for the government haha...to "limit the price of gasoline" hahaha....silly. she's got the world's problems down though her own are spotlighted. silly silly silly.

it's scary to think that oil has even the slightest possibility of renaming our country "new rome". but i suppose if i'm worried about economic collapse, or collapse of any sort that there have always been much more prevalent entities to cling to...

[Vinny]

Originally Posted by KJ3

"Mayra Perez said she works two fast-food jobs to help support her family, and gasoline is becoming harder to afford."

why work 2 fast food jobs when you could just go get 1 good job? why work 1 fast food job when you are older than 18? maybe it's just me but i have NO interest in working fast food jobs. magnify that statement if i had kids to take care of. you need more money so the answer is grab onto that 2nd burger flipper? nope. what is ignorant is that she actually had a fix for the government haha...to "limit the price of gasoline" hahaha....silly. she's got the world's problems down though her own are spotlighted. silly silly silly.

it's scary to think that oil has even the slightest possibility of renaming our country "new rome". but i suppose if i'm worried about economic collapse, or collapse of any sort that there have always been much more prevalent entities to cling to...

Hey it's honest work...perhaps there is nothing in her town except the service sector. The ghost of past factory jobs in the NE used to be a staple of the economy...but thousands of jobs have been outsourced since the investor class found out that if you hire pauper wages in other countries you can have fatter returns on your investments.

[KJ3]

Originally Posted by Vinny

Hey it's honest work...perhaps there is nothing in her town except the service sector. The ghost of past factory jobs in the NE used to be a staple of the economy...but thousands of jobs have been outsourced since the investor class found out that if you hire pauper wages in other countries you can have fatter returns on your investments.

there are many things i have to say in response of that but none of them are pleasant so i'll pass and keep my heart rate down hahaha.... i assume you don't really appreciate the jobs being passed over the people that need it here either? (like ms. 2 fastfood jobs)

how 'bout that economy huh?