KGAINES Report post Posted September 2, 2005 I wonder if the grunts on the oil rigs and at the refineries have had their salaries doubled in the last year. Share this post Link to post Share on other sites
ghost hunter Report post Posted September 3, 2005 On Wednesday, I saw the gas go from $2.64 to $2.99 in just a couple of hours. It has gone up .20 again since last night. Just came from Tucson. Cheapest I saw was $2.88 but did see one station go up .20 in less than 2 hours. $3.00 is just the beginning. It will go to $3.50 in the next week or so and will be up to about $4.00 buy spring. The only thing that will stop the upward spiral is when the motoring public finally stops buying so much gas. Everyone grumbles, complains, cusses and just buys more. Only after we reach that point where consumption falls and stays down, will the price stablilize. Just my opinion. Share this post Link to post Share on other sites
az4life Report post Posted September 3, 2005 On Wednesday, I saw the gas go from $2.64 to $2.99 in just a couple of hours. It has gone up .20 again since last night. Just came from Tucson. Cheapest I saw was $2.88 but did see one station go up .20 in less than 2 hours. $3.00 is just the beginning. It will go to $3.50 in the next week or so and will be up to about $4.00 buy spring. The only thing that will stop the upward spiral is when the motoring public finally stops buying so much gas. Everyone grumbles, complains, cusses and just buys more. Only after we reach that point where consumption falls and stays down, will the price stablilize. Just my opinion. <{POST_SNAPBACK}> It will slow down yes. the gripe I have is the oil companies will reap higher profits from lower volume, with the same cost of raw materials and processing. Oil per barrel has hit 70 bucks, but it was nearly 60 for a lot of last year. That should warrant an increase in at most 15%. the hurrricane has slowed production and the panic is on. that should not warrant 100% increase from a year ago, and 25-30% in a week. They have us all by the tailpipes. Amazing that there is nothing we can do but PAY. Every other item we buy and sell is about to jump in price as a result. Get ready, cause if this stays up very long, the economy will not easily recover. Share this post Link to post Share on other sites
KGAINES Report post Posted September 3, 2005 With almost all other items that we buy we have options, we can either buy or not buy, buy something similar, buy something else, with fuel there are no options we have to buy, most of us probably don't work to close to our jobs, we are a nation of commuters and everybody knows that. All other industries rely on fuel too so they will raise their prices also, trucking, airlines, shipping, farming, etc... I don't know the fix for the problem, but I do know there is a problem. Share this post Link to post Share on other sites
