Stupid Gas Prices
Guitar92player
Posts: 664
Gas where I live is $4.29 right now. Fuckin ridiculous.
I'm not a gas expert, so who determines gas prices? (I already know its not the President, lol)
I'm not a gas expert, so who determines gas prices? (I already know its not the President, lol)
~Carter~
You can spend your time alone, redigesting past regrets, oh
or you can come to terms and realize
you're the only one who can't forgive yourself, oh
makes much more sense to live in the present tense - Present Tense
You can spend your time alone, redigesting past regrets, oh
or you can come to terms and realize
you're the only one who can't forgive yourself, oh
makes much more sense to live in the present tense - Present Tense
Post edited by Unknown User on
0
Comments
force people to conserve.
You can see a general sense of how gas tracks oil on this graph ...
if you are asking how the price of a barrel of oil is determined ... haha ... well ... in the very near term it is set by supply constraints ... so that is to say it will go up abruptly if some major oil producing country or company has an "issue" ... otherwise in the medium term (a month to a few months) the price of oil more or less fluctuates based on chart patterns and ranges. In other words, the current range has been from about $80 to $110 a barrel. So oil will bounce its way around from the low end to the high end. When it tops out, it will bounce it's way back down.
You can see that fairly easily by looking the last two years trading in this NYMEX chart. It's been range trading since the finance crash of 08.
If I opened it now would you not understand?
I can't say I love it but I do agree it's mostly good. We use too much gas and pay too little for this non-renewable resource. My European friends laugh (or sneer) when they hear Americans complain about gas prices. They've been paying far more for a long time. We burn it up fast because it's cheap which both depletes the resource more quickly and is a major contributor to climate change. Now if only more of the money for those raised prices were going into developing clean alternatives it would all be good.
I Will
Some states have a law that Gas has to be sold for no less than a certain mark up. Like in WI it is 9% I believe. So no gas retailer can sell a gallon at less than 9% mark up. I find that to be very interesting. I don't believe any other industry has the same rules.
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
And then see gas for $4 a gallon today.
travashamockery.
:fp:
The poison from the poison stream caught up to you ELEVEN years ago and you floated out of here. Sept. 14, 08
last year through may, i paid an average of 3.87 a gallon. this year's average is 3.82 a gallon.
Germany was great
You can ride trains all over the place
Or they could just be a bunch of pansies.
I didn't fall for that advertising campaign during WWII and I'm not going to now...
Dark
Too soon?
Wow