Can you say OUCH!!

[azhuntnut]

Try filling up 81 gallons of diesel and see how that feels. For the lazy, that is $235.00. But I don't have to stop for fuel while hunting or scouting. It comes in real handy when you go hunting over on the San Carlos. David

[Huntn coues]

http://www.npr.org/templates/story/story.php?storyId=5365439

 

----

 

Then who sets the prices?

 

Oil companies don't set crude-oil prices; the global market does. Basically, the market decides what people are willing to pay at a certain moment in time. And a lot of that has to do with the fact that the world is getting richer. Countries like India and China are growing, and that has created more demand for oil and gas. In the United States, we're still going full throttle when it comes to energy use. At the same time, there have been supply disruptions and political instability in major oil-producing nations. So you have a situation where demand has been growing steadily and inexorably, and the system of supply is quite vulnerable. That's the basic recipe for high prices.

 

 

This is what people don't understand. Big oil does not set the market price for oil / gas. So, to put the blame on oil companies is just a cop out. Plus, there is nothing illegal about making a profit. How are you going to tell a corporation that they are breaking the law by making a profit?

 

Instead, how about the fact that the greenies have made it almost impossible to build a new refinery in this country? Not one new refinery has been put into product in the US in 25 years, yet we all know that there are many more cars on the road than 25 years ago, just in the USA. Now, each state has their own laws on what type of fule can be sold within it's borders. Cali has their own blend, so they take up a lot of refining capacity to make fuel that can only be sold in California. AZ has different blends that are sold at different times of the year. Those refineries have to shut down to make the switch from winter to summer gas. How about we have one nationwide standard for gas? Guess what? Try to make that change and you will have every tofu eating, Birkenstock wearing, non-bathing, ALGOR worshipping, dreadlocked hippey in the country sueing to stop it.

 

Percentage wise, the price of an elk tag has gone as much or more in the last 5 years, than the price of gas.

 

Didn't the government make Microsoft split or something like that because they were getting to big and making to much mula? Just thought I remembered hearing this. Also is there a law on being a Monopoly?

[muskrat]

I'm no expert, but I believe that there are enough oil companies that those kinds of rules don't apply....

[DesertBull]

Making huge amounts of cash has nothing to do with being a monopoly.

If you think that Exxon is a couple fat guys sitting in Texas, smoking cigars, and counting their money you are wrong. Exxon is owned by million of different people, many of which are everyday working guys and gals, like you and me. IF you have a pension or 401(k), I'll bet you own it too. Plus, they employ hundreds of thousands with good paying jobs.

 

There is nothing wrong with an American company thriving. I wish more would, like our auto industry. Just think, if the unions would not have ruined this countries auto industry, maybe we would have less expensive, more durable cars and trucks and gas priced would not be as big of an issue. If your car payment was 1/2 of what it is now, you'd have more money for gas.

[mulie hunter]

Making huge amounts of cash has nothing to do with being a monopoly.

If you think that Exxon is a couple fat guys sitting in Texas, smoking cigars, and counting their money you are wrong. Exxon is owned by million of different people, many of which are everyday working guys and gals, like you and me. IF you have a pension or 401(k), I'll bet you own it too. Plus, they employ hundreds of thousands with good paying jobs.

 

There is nothing wrong with an American company thriving. I wish more would, like our auto industry. Just think, if the unions would not have ruined this countries auto industry, maybe we would have less expensive, more durable cars and trucks and gas priced would not be as big of an issue. If your car payment was 1/2 of what it is now, you'd have more money for gas.

Who's gettiing the million dollar bonuses, it ain't the 401 k holder, or the dude driving the Exxon truck , but some execs sitting in a office.

Gas prices suck. There's no reason for them to keep going up except greed.

[az4life]

Where I am in Nebraska, it is 3.45 low to a 3.69 high. I saw it yesterday in Pine Bluffs Wyoming for 3.29. What a bargain!

 

Just remember to thank your politicians.

The truth (inconvenient or not) is, The government is making more off the taxes than the profit made by the oil companies.

 

Retailers everywhere have GOT to be suffering as the dollar can only stretch so far. This IS going to hurt the economy.

It already has hurt my economy!

[mattys281]

Making huge amounts of cash has nothing to do with being a monopoly.

If you think that Exxon is a couple fat guys sitting in Texas, smoking cigars, and counting their money you are wrong. Exxon is owned by million of different people, many of which are everyday working guys and gals, like you and me. IF you have a pension or 401(k), I'll bet you own it too. Plus, they employ hundreds of thousands with good paying jobs.

 

There is nothing wrong with an American company thriving. I wish more would, like our auto industry. Just think, if the unions would not have ruined this countries auto industry, maybe we would have less expensive, more durable cars and trucks and gas priced would not be as big of an issue. If your car payment was 1/2 of what it is now, you'd have more money for gas.

 

The topic of uninos & our manufacturing industry (all of it, not just the automotive side) is a debate that I'm not going to touch. I personally think, however, that the larger problem is unchecked credit spending. In the last 20 years the price of autos. has increased over 200% while the average workers wage has increase less than 20%. And that 20% is exagerated by all the CEO's making millions more than they were for doing the same job in the 80's. Every year they cost more, but rather than letting supply & demand level things out, they come out with more creative ways of financing to take off the sting from the purchase price, like 0% financing and 72 month loans. I can't believe people are willing to agree to pay $500 or more per month for 6 years on a car, but they do. The oil companies are the same. They do whatever they want to the price, because we'll continue to find a way to pay and they know it.

[hawkeye]

I dont see how this crap is legal! They are making billions and trillions of dollars, how can it b legal for them to make sooooo much money from us when the reason the prices are so dang much is because they want to keep making money? I dont understand how they can legally do it!

 

Actually the biggest profiteer when it comes to gas is the Federal Government. You want lower prices, have them suspend/alter/adjust the fuel taxes. Yeah, the oil companies make a lot of dollars, but they also spend a lot. Their profit margins are in the single digits... 8 or 9% if I remember correctly. There are lots of businesses that make a far healthier profit than that, off of us.

 

http://www.npr.org/templates/story/story.php?storyId=5365439

 

http://www.angelfire.com/pa/sergeman/issue...t/gas/main.html

 

That is a crock. Last year Exon Mobile made the biggest profit for a corporation in the history of the world.

[DesertBull]

That is a crock. Last year Exon Mobile made the biggest profit for a corporation in the history of the world.

 

Good for them. They have a product that is in high demand and limited supply, has high overhead cost to produce and deliver, and highly regulated by the Gov't. They took the risk of buying up oil rights when crude was selling at less than $20 / bbl. Now, it is closing in on $70 / bbl and they are reaping the rewards of their investment.

 

They employee thousands of people with good paying jobs and good benefits. If our Gov't was operated as well as Exxon, we would all be a lot better off.

 

As a stockholder, I would be ticked off beyond belief if they sold their product at below market value.

[AZP&Y]

The US consumes 25% of the worlds oil production yet represents 5% of the worlds population.

Oil Companies LOVE this and will capitalize on this until the end ...

 

Oil is a finite resource.

 

I spent the last month in India and they along with China are more hungry for oil than ever.

But still this is the "norm" - 6, 8, 10, 12 people in every car! Of course each of those countries has a population of more than a billion people, so the need to fill that request is greater than ever!

 

The car you see below , is a 1.1 litre Hyundai.

 

http://www.nationmaster.com/graph/ene_oil_...oil-consumption

 

 

AzP&Y

[jamaro]

Shoot you guys have nothing on us in Silver, it is 3.55 a gallon for unleaded but still 2.99 for diesel

It is nice that big oil is having record profits and we are all taking it in the rear BIODIESEL here I come!! ag

 

FFD... There is a group that is trying to brew very limited amounts of Bio.... I really don't think it is working very well. It is a co-op. I guess one of the issues is they can't find enough veggie oil....

j-

[mulie hunter]

That is a crock. Last year Exon Mobile made the biggest profit for a corporation in the history of the world.

 

Good for them. They have a product that is in high demand and limited supply, has high overhead cost to produce and deliver, and highly regulated by the Gov't. They took the risk of buying up oil rights when crude was selling at less than $20 / bbl. Now, it is closing in on $70 / bbl and they are reaping the rewards of their investment.

 

They employee thousands of people with good paying jobs and good benefits. If our Gov't was operated as well as Exxon, we would all be a lot better off.

 

As a stockholder, I would be ticked off beyond belief if they sold their product at below market value.

 

Can you say brainwashed? Who decides market value? High demand maybe, but not limited suppy! C'mon Desert bull wisen up.

[DesertBull]

That is a crock. Last year Exon Mobile made the biggest profit for a corporation in the history of the world.

 

Good for them. They have a product that is in high demand and limited supply, has high overhead cost to produce and deliver, and highly regulated by the Gov't. They took the risk of buying up oil rights when crude was selling at less than $20 / bbl. Now, it is closing in on $70 / bbl and they are reaping the rewards of their investment.

 

They employee thousands of people with good paying jobs and good benefits. If our Gov't was operated as well as Exxon, we would all be a lot better off.

 

As a stockholder, I would be ticked off beyond belief if they sold their product at below market value.

 

Can you say brainwashed? Who decides market value? High demand maybe, but not limited suppy! C'mon Desert bull wisen up.

 

 

[az4life]

It reall is a shame that most of those educated in government screwels cannot understand the difference between Profit, and Profit Margin. I guess teaching ALGORE's halfwitted theory on global warming is more important than basic economics.

 

Sure, the oil companies are making big bucks year after year, but they are doing this mostly because of the US demand for oil keeps climbing, year after year, in spite of higher prices. Take out the costs of doing business, and you have

Unbelievably "Big Profit".

Now That does not mean the "profit margin" is Unbelievably big.

 

The government taxes definitely do make up more than standard profit margin in the oil companies.

 

Yes, I think the oil guys are raising prices more than what is reasonable, and the price is painful. but last month, for the first time in recorded history, the US used less gasoline than the previous month. Seems like we found the magic $ figure to slow it down, but what will turn it the other way. I vote for more refineries as we have plenty of oil. If we had 30% more refining capacity, things would be different.

Get the dang liberal treehuggers to let us build a few.

BTW 3.69 here in Sidney Nebraska, so it really does Hurt when driving anything bigger than a moped.

[russd]

well oil is worthless to me. give me a 55gallon barrel of oil and what do i do with it?? look at it... i don't know if its true but i heard once that gas was the by product of kerosene and was thrown away?? seems the demand for oil is the refineries not us. i don't think something that can affect our nation such as gas should be left to a few companies control, but then again the govt isn't all that great an option either.