crude oil
 

Can someone tell me why the price of gas keeps going up, when the price of crude keeps dropping?

Re: crude oil
 

It is supposed to be based on a straight supply and demand plus operating/production cost. Right now demand is down, supply is OK and refining capacity is at ~ 70-80% so right now I would set most of the price to speculation.

Re: crude oil
 

Somebody's betting on a couple of storms...

:td:td:td

Re: crude oil
 

I don't know, but I wonder - did Exxon post a record-breaking profit for the umpteenth straight time? If not, there's your answer.

:ss

Re: crude oil
 

Obama's in bed with "big oil"?

Re: crude oil
 

*face palm* there are any number of things you can blame the boy king for but this isn't one of them. if you remember oil hit an all time high under bush I'm all for hating obama but ya gota pick your battles.

the price of oil is going down and gas is going up for any number of reasons, fudging the refinery margins, the in house brokerage firms messing with prices, ect ect ect

Re: crude oil
 

My personal opinion, with absolutely no hard empirical evidence to back it up, is it may have something to do with the government allowing the oil companies to merge, and merge, and merge again, until you now have a few vast monopolies that have driven the independents out of business. With Congress looking the other way, they can now fix prices at pretty much any level they want as long as they're generous with their campaign donations and can come up with some rationale that the media will buy.

Similar to the trusts from a hundred years ago that Teddy Roosevelt busted up.

Re: crude oil
 

Not that I disagree with your general premise... but the price of crude has been going up for a couple of months now.

Re: crude oil
 

Price of crude is up a tad, but right now there are a lot of refineries shut down for scheduled maintenence which is pushing up the current price.

Re: crude oil
 

Yes, it has bounced from the trough and now has been teetering around $70 (flirting north and south of that). It's highly elastic on the uptick, but less so when it drops. Tends to go in the same direction as the market. Luckily, I think the super cycle has been dampened.....well, at least for now.

Re: crude oil
 

Didn't stop the crybaby left from uttering the same nonsense when GWB was in office, despite the fact of having absolutely NOTHING to back it up.

Re: crude oil
 

And it begins. An economic question - which is allowed - turns into a political p!$$ing contest, which is not. I'm gonna go hide now. :rolleyes:

Re: crude oil
 

:tpd: :tf

Re: crude oil
 

All I know is that when crude goes up, my pensions go to hell.
Right now I'm making money like George Bush.
So long as we don't dick with Iraq, I'm gonna be rich. :r

Re: crude oil
 

Ok fellers you know political rhetoric is a no no at the nut house? Lets keep the political bs out of this discussion or this thread will insight passions that do not belong on a cigar forum. At least not this one.

Re: crude oil
 

The way I understand it... the price of gasoline is less dependent on the the price of oil than it is dependent on the the amount of oil that is refined into gasoline. If Exxon Mobil wants to raise the price of gas, they simple reduce the supply (refine less oil into gasoline).

I used to ponder big questions like this, but now that I've given up hope, I'm much more mellow about it all :)

Re: crude oil
 

Can you say, OIL SPECULATORS?? Just my :2
Now, back to :ss

Re: crude oil
 

Obviously it's a Communist plot. I ride a motorycle so I can save on gas,,,if it gets more expensive I'll get a Moped.

Re: crude oil
 

They are raising gas prices because they can.

Re: crude oil
 

I'm not trying to turn this into a pi$$ing match at I'm not fan of GWB by any means. Just illustrating the point that what is good for one is good for another.