Found gas today in Fort Worth for $1.95, for regular. It seems to get cheaper every day. Wonder when it will bottom out...
As soon as I retire, I'm outta here. We do have nice weather, but that's it. Too much BS here for me, but was born here so here I am. Just need to find a nice place to retire to. Unfortunatley, I've got about 15 years to go until I can do that....fijfi said:I noticed that you are in Kalifornia.....if you hate it that much, may consider moving.
Wrongo. The price of gas at the pump is not set by the oil companies, It is the retailers that set the price at the pump.JohnHoliday said:It'll bottom out when Mobil/Exon (the most profitable company in the world) decides it's time to take it back up. They manipulate it at will.
Wrong. While a lot of the gas retailers are also guilty in price manipulation, it is the overall manipulation by Mobil et al that rip us off.RustyG said:Wrongo. The price of gas at the pump is not set by the oil companies, It is the retailers that set the price at the pump.
You accept the propaganda bull from the CEO of Mobil? They blame the "speculators" when they themselves are the largest traders/speculators, and then they blame the lack of refineries for the shortage when they themselves are the ones who hold back refinery construction to restrict supply.In an Senate investigation committee interview on C-Span a couple of weeks back, The CEO of Exxon/Mobil said the price of oil in todays market is $35-$37 a barrel. The rest of the price of a barrel is being determined by spectulators who drive up its price thus the cost is passed on the retailers that have no choice but to set the high price at the pump.
Yeah right. The oil companies have nothing to do with influencing their profit margins. They don't want (nor are they responsible for) these prices, it's those dang "speculators" that are paying them the inflated prices for no reason, and of course they're going to take it if it's just given to them. Riddle me this one Batman, what motivation do the oil companies have to build more refineries, and increase supply, (and therefor reduce product prices), if we as a nation are going to maintain or increase the same demand ratio?The oil companies are setting record profits because the spectulators were bidding the price of refined oil higher and higher. The oil companies merely sell to the highest bidder. Hence the large profits.
The oil companies not only get to blame Katrina in part for their price increases and profits, but even if they are now among the most profitable companies in the world (by ripping us off) you think they should get to account for future Katrina recovery costs too? Sheesh!The latest quarterly reports which show the large profits do not take into account the costs to be incurred in recovering from Katrina and the likes.
A shame. But Mobil will still probably be the most profitable company in the world right?The next year or so will likely show a somewhat less profit margin if not losses from some of the refineries.
Gunslinger said:The problem is the gas prices go up and everyone gets pissed off. Then when they start to come down everyone is so happy that they forget they're still getting screwed. I won't be happy until they get back to where they were before the hurricanes.......I guess I'll never be happy:crying:
I hate getting taken advantage of.....75% increase in profits on the backs of Americans is criminal!!!!!!
Regular is in the 2.30 - 2.40 range around here, I think. California's ridiculous taxes and all.....