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bob_G

Gas prices should be falling, not rising. Why?

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About a month back, one of the Boston stations has a business professor from MIT's Sloan School of Mgt pontificating about the price of crude, and it's relation to current gas prices.

He claimed that once crude enters the refinement pipeline, it takes about 3 weeks for the price of gas to catch up.

OK? confused.gif Gas is below $40/brl, and has been for some time. Why is gas continuing to climb?

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Because people are willing to pay it.

 

They're still trying to find that magic price where oil companies can bleed customers but not so much that everyone starts running out to buy hybrids.

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View Postbecause our President thinks 4 dollar gas is a good thing.

 

It can be. Not short term but long term, it could be a great thing. Necessity is the mother of invention. Look at the great push there was for fuel economic vehicles when gas was so expensive.

 

Imagine what the world would be like if we didn't rely so heavily on oil.

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The talking heads said that the refineries cut back/stop production every year at this time for maintenance, using supplies on hand until full production is resumed. Lets hope for .99¢ this summer. wink.gif

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to Obama directly - gas companies are just charging what htye can get away with

 

Do a little research and see what gas prices were the last time oil was $40 a barrell - so fast to hike prices when oil goes up, so slow to drop when it goes down

 

Also have to look at refinery capacity, etc. all of these tie into the price of gas - as well as wall st speculation wink.gif

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O P E C

 

 

simple supply and demand.

 

Price is high= people dont buy = price goes down.

Price is down + people dont buy = surplus.

surplus / slow production = no surplus

No surplus = higer prices = Rich oil company execs.

Rich oil Co. excs = High priced hookers for politicians.

Rich oil Co. exec = Kick backs to politicians

High priced hookers+ kick backs = Happy politicians.

Happy politicians = easy bail out cash.

Easy bail out cash = more High priced hookers+ kick backs for politicians.

Happy politicians = tax relief + bail out for automakers = happy auto makers.

Happy automakers=more High priced hookers+ kick backs for politicians.

Happy oil excs.+happy politicians+happy auto makers =0.02% tax cut to working stiffs.

Working stiffs with extra,02% decide they need vacation.

Vacation = drive or fly to destination.

Travel = purchase gas for car or plane + associated taxable fees for food, lodging , bagage

More tax money collected = more perks for politicians and oil excs.

More travel = happy automakers+ happy airlines+happy oil excs.x crooked politicians.

Happy automakers+happy airlines+happy oil excs = president gets reelected.

Its a viscious circle.

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View PostAbout a month back, one of the Boston stations has a business professor from MIT's Sloan School of Mgt pontificating about the price of crude, and it's relation to current gas prices.

He claimed that once crude enters the refinement pipeline, it takes about 3 weeks for the price of gas to catch up.

OK? confused.gif Gas is below $40/brl, and has been for some time. Why is gas continuing to climb?

 

 

Just wait--Cadillac Coupe Deval is thinking about asking the Hackarama to impose a new 27 cent a gallon tax mad.gif

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View Postwhy the funk are the montreal canadians called the "hab's"

 

 

View Postwell, you have the habs, and the hab nots. if you're not on the canadiens, you're a hab not.

 

 

View Posthow'd I know you'd come through??? clapping.gif

 

 

And both of you probably knew that I'd come along with the real answer cwm27.gif

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