Gas Prices! What's the deal?
By nelltx
@nelltx (277)
United States
March 6, 2007 1:48am CST
Ok, I went & gassed up my truck today & the gas was 4 cents higher today than it was yesterday. I want to know what happened over night to raise the price? I didn't hear anything on the news, there wasn't any natural disaster that I am aware of, so what was it. When the price of a barrel of oil goes up, the price of gas per gallon skyrockets, but when the price per barrel comes down, the gas prices never do. Oh, they mak trickle down a cent or two, but nothing drastic. First the oil companies blamed the high prices on Hurricane Katrina & Rita, then it was the heating oil needed for the upcoming cold winter (from which I understand was short & mild, by some standards) then, of course, the war. I just don't understand why a gas station can have gas prices that change so dramatically when they are selling the same gas that is in their tanks that was there yesterday!?!? Is there a logical explaination for this? Or is it just big oil companies getting richer on the little guys dime? Some of these companies have reported quarter year earning with profit in the BILLIONS! To me it is just assinine!
2 people like this
3 responses
@quispy (572)
• United States
6 Mar 07
I refuse to buy at Mobil. I had read that they pretty much set the prices and that if they are hit in their pocketbook, they have to come down, then the little guys will also come down. About a year ago, maybe less, Exxon/Mobil posted a quarterly profit of something like 3 billion dollars! C'mon! Give US a break.
1 person likes this
@michelledarcy (5220)
•
6 Mar 07
Perhaps the price is increasing because of the environmental impact of using lots of fuel. In the UK we have high taxes on fuel to try and reduce the use of cars because of their impact on the environment.
1 person likes this
@nelltx (277)
• United States
6 Mar 07
I realize that using fossil fuels do alot of damage to the environment, but I don't see the corrilation between the oil companies profit margin & that. These big companies set the prices that everyone has to pay & they could bring them down if they wanted to. I think that they are to busy lining their own pockets to care about us.
@Modestah (11179)
• United States
6 Mar 07
They fessed up that katrina did not actually affect the supplies and they were over charging us all that time - so why havent the prices gone down? the gas went up - the groceries went up, the gas came down some, the groceries stayed the same, the gas went back up but not as high as the first time, and the groceries went up some more. AUGH. why are they doing it? I think because they can, because they know we will buy it anyway. Our gas had gotten down to 1.83 gal 2 weeks ago, 2 days ago it was up to 2.33.
I feel your pain. It is frustrating and discouraging.
1 person likes this
@nelltx (277)
• United States
6 Mar 07
It is quite iritating that there are things that force prices to go up, but very rarely so they come back down. I guess that companies figure that if we can pay the higher prices when we are forced to, then we have the money to continue to pay those prices. It just makes me ill to do it!
