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Close Topic OptionsThe Price Of Oil - Page 30 of 81
I doubt we will see any changes at the pumps - Page 30 - Politics, Business, Civil, History - Posted: 9th Jul, 2008 - 12:20pm
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Gas Prices Go Up and Up and Up - Global Fuel - A lot of North Americans complain about the high price of Gasoline, but did you know that North Americans pay less than many other developed nations for Oil and Gas?Post Date: 5th Jul, 2008 - 2:11pm / Post ID: #
The Price Of Oil - Page 30
Well gas prices around here bumped up anther dime today. We are now sitting at $3.90 a gallon. I hope it stays there for awhile but we will see.
Alskann I do not think they care. They are watching all these billions of dollars coming their way and making their pockets so much heavier. They do not have to buy gas. Of if they do it is pocket change to them. I would love to quite buying gasoline and watch them wonder where all their profits have gone. But right now I can not do that.
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It's the classic case of the rich getting richer and the poor getting poorer. OPEC nations don't care what we have to struggle through, as long as we keep paying. Since the price of oil is pegged to the value of the US dollar, as long as the dollar is weak the price will continue to climb. I think if they change to euros - as Iran and Venezuela have - the price would likely come down a bit, but not much. Production has to rise in addition to the value of the currency in order to make any difference at all in the price of gas at the pump.
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The Price Of Oil History & Civil Business Politics
I paid $100 to fill up my tank the other day. I don't see any signs of the prices going down. Our governor is talking about sending each resident $1200 to compensate for rising oil costs. That would pay for one month's commuting in our household.
So many here in Alaska depend on oil for transportation, home heating and their employment. Our state also brings in a lot of revenue from the oil fields. So here it is a double edged sword.
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Problem is it would only be a temporary fix. It would not resolve the real problem of higher oil costs which in return causes higher prices in other areas including the grocery stores. We have fishermen who cannot even afford to put fuel in their boats to get to where the fish are. I would imagine it is causing similar problems for farmers. The trucking industry is hurting. $1200 is like cutting off your hand and then putting a band-aid on it.
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The Price Of Oil
Here's an interesting little tidbit: Ford is selling a model of the popular Focus in the UK that sports a diesel engine getting 50-60 mpg. Only it's not available in the US! What do you make of that?
https://www.ford.co.uk/
https://www.fordvehicles.com/cars/focus/
Only 35 mpg on the American model. Ridiculous! Because our government doesn't require it yet? That really annoys me.
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The Price Oil - Page 30
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| Price of oil falls $10 in two days By ADAM SCHRECK The Associated Press (07/08/08 10:20:47) NEW YORK - Oil prices fell as much as $6 a barrel today, bringing crude down $10 this week and hurling prices back to levels not seen since June 26. Traders, keeping a wary eye on the global economy, cashed in gains from oil's recent rally. A barrel of light, sweet crude for August delivery fell $5.79 by midday to $135.58 a barrel on the New York Mercantile Exchange, following a $3.92 slide Monday. The market's bearish turn this week erases, at least for the time being, the effect of a rally that pushed prices past $145 in a string of record-setting sessions before the Fourth of July. Analysts attributed much of the recent sell-off to profit-taking, saying traders were cashing in on the previous week's gains. At the same time, concerns about supply disruptions subsided and fears that the economic slowdown is spreading moved to the forefront. "Sagging global equities, which are tipping a lack of confidence in economic growth in both developed and emerging economies, helped trigger the retreat in the energy markets," Addison Armstrong, director of market research at Tradition Energy, said in a research note. Still, analysts warned the pullback could be fleeting, saying it is a correction that could quickly shift and send prices bolting higher. Trader and analyst Stephen Schork said the expectation just a few days ago that crude prices would touch $150 this week "does not look like the proverbial done deal." "Be that as it may, we have seen this movie before, I.e. crude oil weakens a little and the bubble-bears jump in," he wrote in a daily market commentary, suggesting the price respite might be temporary. A decline in oil prices wouldn't translate to a pullback at the gas pump for some time. Retail gasoline prices in the U.S. held steady at a record $4.11 a gallon, according to AAA auto club, the Oil Price Information Service and Wright Express. Diesel continued to advance, rising more than half a penny to a record $4.81 a gallon. The average price in Alaska for regular gasoline was $4.63, and for diesel it was $5.25. In Anchorage, the average prices were $4.41 a gallon for gas and $5.08 for diesel, AAA said. |
I certainly don't see any changes at the pump yet.
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Post Date: 9th Jul, 2008 - 12:20pm / Post ID: #
The Price Oil Politics Business Civil & History - Page 30
I doubt we will see any changes at the pumps unless it falls even further. I do not look for it to fall much more but go back up again.
I looked at the ford site where you can get some nice MPG. Why we can not get those type of cars here in the US astounds me. I think the oil companies and the auto makers are in bed together screwing us americans.
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