Gas prices finally retreat »
Posted by: STONERS 1 year, 3 months agoModest decline in gas prices ends streak of a dozen consecutive record highs heading into Memorial Day holiday.
Read Full Story at money.cnn.com
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Melaniki1 year, 3 months ago
Yeah. Right. Whenever the pressure on oil kings get a little uncomfortable, they can always count on their shepherds of farce, the princes in the press to keep the unwitting sheep in line. Anxious as Americans are to hear and believe the best rather than the truth.
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STONERS1 year, 3 months ago
It was 3.49 yesterday morning and by the evening it dropped to 3.25 a gallon but this morning it's 3.11 a gallon for regular gas.
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y_soitenly1 year, 3 months ago
jordan11,
Based on your link above, why is the price for reg. gas higher in Wisconsin, Illinois, and Indiana?
These prices are similar to those posted for California, Washington and Hawaii. Seems like those that reside in the Midwest are gettin' screwed more so than those in the rest of the country.
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jordan111 year, 3 months ago
They want Congress to back off of regulating them, so they're lowering prices maybe?
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vvv63vvv1 year, 3 months ago
not sure i'd lump it under national security or not but the oil theives can't be left to continue abusing their monopoly. competition is a thing of the past
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gsquare1 year, 3 months ago
No thats no good. You people need to get with the program. Hedge the cost of gasoline and make up the difference in futures. Get some people together and buy some gasoline futures. Too late this year. As futures rise in the Spring you offest your costs on the cash market. Then when gasoline is going up, you are just loving it. If you are a little greedy you sell out your position and sell another equal amount on the high. That way you make hay as the price declines. Of course the speculators got creamed last year when they listened to Al Gore about the terrible storm season of 06, which never happened, and gasoline futures never went as high as they had hoped.
Check this graph for 06: http://www.wtrg.com/daily/hufclose.gif It will be much the same for years to come. When you nationalize you never really know the value of a commidity. You would be talking year around very high cost. Hedgeing is a fundamental insurance policy against volitivity. Be a good capatolists.
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TOtheMOON1 year, 3 months ago
Notice how they didn't in any way commit to predicting a rise or decline in prices. It was left wide open. Why then when the price goes up it is usually done because of impending doom? So now they can't predict that impending doom is impending??
On a silly note: Towards the bottom of the article on the right, there is a picture of "Allen Wastler". Thought it was silly.
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slate1 year, 3 months ago
I'll call W and have him reduce it by a dollar on monday if you ask nicely
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zootallures1 year, 3 months ago
what are they talking about? gas went up another 5 cents today. it's $3.50-3.60 for premium here on long island.
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not2needy1 year, 3 months ago
Got a long way to go though, even if this small reprieve lasts.
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canadianrancher571 year, 3 months ago
Boy these gas prices sure confuse me, just a few weeks ago we were told that they are set by bidding on the futuers market, so a quick check shows me that the July contract is off by only three cents from the high so where did this 25 cent move come from. Any one who thinks prices are not being manipulated must have been sniffing fumes.
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groingo1 year, 3 months ago
Don't worry, they'll jump up again sooner than later and when they do go down they never seem to go as low as before they jumped the las time....gradually increasing and never looking back.
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OldRusty1 year, 3 months ago
Now Who in the Hell, thinks this really is a news story?And a true story., the propaganda machines are at it.again.Some one just thought they were going to get caught lieing.
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HateKoolAid1 year, 3 months ago
Depending on how many miles a day you drive it would seem you would topping off every 24 to 48 hours. hope you live right next door to a gas station.
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jenorth1 year, 3 months ago
when Fall comes around, they claim the price goes up because they have to make more heating fuel.
When summer comes around they claim it's because more people are driving.
They are using the same refineries all the time. They aren't changing sub systems to make different types of fuels.
The Oil is there, they just won't make enough of it to go around. That's how they manage to keep raising the price.
The FEDERAL government should set a standard price for the product to cover the entire Country.
HOW MANY BILLIONS OF DOLLARS of profits can we allow the oil companies to earn, without some form of Give back to the american public.
Are they using any of these profits to build new refineries ?
Nope !
When gas prices go up, they do so daily. When they go down, they do so every other month. if they can raise it the same day, why can't they lower it the same day ?
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KingOfTruth1 year, 3 months ago
Actually they are changing the types of fuel made all the tume because of different requirements for summer and winter gas as well as differences in many states, such as California....and they do not switch to making fuel oil for houses but quite obviously that segment slows down in summer....and they are using a lot of those profits to keep 100 year old refineries running as well as for R&D for cleaner and new fuels and for drilling and for paying for more expensive oil....remember it even costs more for them to transport the oil and gas as the cost of fuels go up....
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K-Man1 year, 3 months ago
I know about the different fuel requirements for summer and winter and yes it costs more to transport the gas to the stations but the companies that produce the oil and refine it are making a killing.
Are any new refineries on the drawing map? NO - Why? They have the goose that is laying the golden eggs.
They shut down to do some work on the refineries and the price jumps and they just paid for the work being done.
Oil companies have a right to make a fair profit but I am afraid the high cost of fuel will have a devestating effect on our economy.
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evelyna1 year, 3 months ago
Oh wow, 3/4s of the people did not go anywhere because they could not afford. Eureka! The line! Big deal, profit mogels are disappointed. May they rot in hell and then some!
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MRCOFFEECAKE1 year, 3 months ago
Is that why you sadly voted to sink a no-brainer story..
If we said we're against strangling puppies would you sink that too?
Can you be on the side of the working American JUST ONCE?
We know George isn't!
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HanymanComment removed: User banned.
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Truleaf1 year, 3 months ago
Despite a President that was elected by the oil companies, and tremendous greed by oil producers. I think the hybrid vehicles and alternative energy sources are so good and cost efficient, that oil companies see an end to their big profits. So they are grabbing everything they can while they can. Furthermore... when one raises the price of a product by 300%, then keeps it there until the public says "enuff is enuff", then when the price is lowered by only 1/3, the public is nice and happy, and the price still got increased by 200%. And the best part is, people will speak of revolution, but are to lazy to really revolt.
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saneman1 year, 3 months ago
Oil companies claim that they make a net profit of only 10 cents per gallon, but keep in mind that every possible expense including salaries is first deducted from the revenues to come up with net profit. Every corporation inflates their expenses for tax reasons. The cost of machinery, for example, is usually inflated 4-fold and then depreciated and taken as a business expense. Also, these corporations set up holding companies which are located off shore and also set up trust funds which inflate the expenses to the corporations for doing specialized jobs according to these corporations thus reducing their on-paper net profits as low as possible. Most businesses create paper expenses which aren't really expenses and then deduct them as business expenses. If you believe that the stated net profits by these corporations are their actual net profits, you are terribly duped.
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K-Man1 year, 3 months ago
The shortage of refineries is the main problem today.
And the oil companies and countries that produce oil don't want to build any more, just look at the profit they are making now on the ones they have, refining is the GOLD rush of the 2000's.
Alternative fuels is one solution but the other will be for people to start moving back to cities and closer to where they work, instead of living in the suburbs, or providing a alternate way of travel from the suburbs to the city. Many big cities have that somewhat but in most of the US cars and trucks are what get us to work and some of us travel great distances to go back and forth in order to live where we want to live. That will probally change with the continued high gas prices.
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Harbeas1 year, 3 months ago
fsugrad
You are right about the state and local taxes, however, clarification on the .09 per gallon for the oil companies. From that small amount the oil companies are raking in billions of dollars profit. While profits are needed to sustain any business, there comes a point where profits of this size become unacceptable. Unless state and local taxes increase with any subsequent increase in gas you can't hold them responsible for the huge increase in prices.
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peterwoohoo1 year, 3 months ago
Don't worry...
After HRC becomes President, I'll feel better:
1.) Won't need talk radio...just watch The View or Katie,
or listen to the Hollywood Icons (you know they're
smarter than a Caveman.)
2.) Universal Health Care for everyone in the world,
including illegal's.
3.) Meals, telephone , cable, rent, housing, transportation,
hospital will be free....oops that's Medicaid.
4.) If I'm lucky to own a car(Yaris), I'll be able to fill
up with a voucher at any Government Controlled Petro
Stations.
5.) Won't have to worry about property taxes, school taxes,
estate taxes, wills, legacies, & pensions.
6.) Won't be any more Big Company profits,CEO retirements
small businesses or unions.
Wait a minute....Didn't they try this before?? Oh yeah
In Russia, China, Cuba, North Korea.
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MRCOFFEECAKE1 year, 3 months ago
Written by a republican propgandist who thinks things are selfishly just fine the way they are..
Sad..
Doesn't wash..
Same speech made by your grandad as to what would happen if blacks got to vote, and his grandad if womwn got to vote.
Your scare tactic sarcasm is outdated and pathetic..
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