booondocker
New member
After irrational exuberance in the oil speculation department oil is now 83 a barrel and falling. Maybe we can afford to go someone this summer.
Break out da boats!
Break out da boats!
Oil prices finally falling
- Thread starter booondocker
- Start date
whitehorse
Member
Too bad gas prices aren't falling in accordance!....notice how it goes up on speculation but has a hard time going down when the oil price actually drops!
D
Deleted member 10829
Guest
Good point whitehorse! Oil prices are down about 20% but gas is only down 5-10%.
That's how they condition you for higher prices. Next summer gas will be above $4/gallon and we'll just be use to it, and bitching about $5.
Yup! Election yr!
Yup. I'm not 100% sure of this, but I seem to remember some stink being raised a few years ago about the government enacting some very strict rules with regards to new refineries and thus none or not enough were going to be built to keep up with demands.
Plus, Europe's economy is deep in the crapper and so their thirst for crude is not what is typically is and that is partly the cause for the rise in crude stocks.
-John
snowdancer
New member
Just be glad you don't live out on the west coast! They are really getting hit with big prices-over 4.30 and up per gallon. I read somewhere that there refineries are down for maintenance, so it's getting shipped into them from afar. That may be why our prices aren't dropping like we think they should. One thing is for sure though, as long as they keep gouging the consumer with these high energy costs, the general economy is NEVER going to rebound. Tourism will not recover, and the only part of Pure Michigan that I will get to see is this crappy county that we are stuck in!
booondocker
New member
Hummm....seems I read a few months ago that the refineries were EXPORTING gasoline out of the country via shipping. How does that one enter into the mix of crude refinery production shortages???
If they can get higher prices for the stuff by shipping to other countries, it seems that this alone would put pressure to keep prices high even if they are getting plenty of crude domestically. Shipping refined products out of the country would keep supplies short wouldn't they?
Bottom line is, they're going to find one excuse or another to keep gouging us and continue their sky-high profits. Instability in the Middle East (as if there ever were stability), break in a pipeline, fire on a drilling rig, natural disaster, aging refineries can't keep up with demand, the list goes on, blah blah blah. I'd rather they just tell it like it is -- that they're screwing us and there's nothing we can do about it, so we might as well enjoy it.
booondocker
New member
(Taken from USA Today... February 2012)
For the first time since 1949, the United States exported more gasoline, heating oil and diesel fuel last year than it imported, the Energy Department reported today. Bloomberg writes that to offset weak U.S. demand, refiners exported 439,000 barrels a day more than were imported the year before. In 2010, daily imports averaged 269,000 barrels, according to the Petroleum Supply Monthly report.
Imports of crude oil and related products fell 11% last year, reaching a level not seen since 1995.
News of record gasoline exports comes as the pump price rose today for the 22nd straight day ($3.78 a gallon average) and the Energy Department reported separately that gasoline inventories fell last week while crude oil inventories and imports rose.
Full article here--> http://content.usatoday.com/communi...orted-more-gasoline-than-imported-last-year/1
Just another way to keep the squeeze on the price at the pump!
For the first time since 1949, the United States exported more gasoline, heating oil and diesel fuel last year than it imported, the Energy Department reported today. Bloomberg writes that to offset weak U.S. demand, refiners exported 439,000 barrels a day more than were imported the year before. In 2010, daily imports averaged 269,000 barrels, according to the Petroleum Supply Monthly report.
Imports of crude oil and related products fell 11% last year, reaching a level not seen since 1995.
News of record gasoline exports comes as the pump price rose today for the 22nd straight day ($3.78 a gallon average) and the Energy Department reported separately that gasoline inventories fell last week while crude oil inventories and imports rose.
Full article here--> http://content.usatoday.com/communi...orted-more-gasoline-than-imported-last-year/1
Just another way to keep the squeeze on the price at the pump!
I guess another reason why lower crude price does not automatically equal lower gasoline prices.
I'm not any happier about high gasoline prices than anyone else, but it strikes me as humorous that some will rant and rave about avoiding imports, but then seem to complain when certain American companies ARE exporting more than importing.
-John
I'm not any happier about high gasoline prices than anyone else, but it strikes me as humorous that some will rant and rave about avoiding imports, but then seem to complain when certain American companies ARE exporting more than importing.
-John
Actually, without oxygen, gasoline will not burn. So I would imagine they ship it in the absence of oxygen somehow. It would be the loading part that would seem to be complicated to me.
-John
Why is gas in Marquette 20 to 25 cents a gallon more than Escanaba, Menominee, Manistique and not to mention Baraga. KBIC wants to build a new station in Marquette next to Menards like the Pines in Baraga and the local gas stgation people are protesting it to the Marquette Township board this week. I say bring them in quick.
Market forces.
Why are motel rooms in Fish Creek more expensive than Sturgeon Bay? Because that's what the market will bear.
booondocker
New member
World pricing....when the oil companies can refine fuel and sell it for a much higher price outside the country, then you understand why they are exporting gasoline rather than selling it into the markets here. It keeps the prices up domestically, and they receive much higher prices abroad. Win win for the oil companies, but comes at a price to Americans.
As long as Asia and Europe have higher prices for fuels than we do, we will experience "high prices"....in the long run, we are at the lows of gasoline prices of our life time. We will look back on these prices like some of us do remembering the prices of the 1960-70's....which are long gone.
As long as the market for this stuff stays strong outside the country, then we will all suffer and pay higher prices.
Sadly this is no laughing matter for those who todder along on the brink of poverty....each tank of gas to get to work costs more of their incomes and shrinks any ability to spend on descretionary things such as boating and sledding and vacationing. So those industries will either adapt, or die.
As long as they export fuel...we will all pay higher prices.
As long as Asia and Europe have higher prices for fuels than we do, we will experience "high prices"....in the long run, we are at the lows of gasoline prices of our life time. We will look back on these prices like some of us do remembering the prices of the 1960-70's....which are long gone.
As long as the market for this stuff stays strong outside the country, then we will all suffer and pay higher prices.
Sadly this is no laughing matter for those who todder along on the brink of poverty....each tank of gas to get to work costs more of their incomes and shrinks any ability to spend on descretionary things such as boating and sledding and vacationing. So those industries will either adapt, or die.
As long as they export fuel...we will all pay higher prices.