State by State Gas Prices=How are gas prices in your area?

[rainstorm]

"These companies are in control and the working class and poor are suffering at their expense."

and to reply to this. they arent in control. im sure you are aware oil companies are the most regulated, taxed companies in america. how are they "in control" what are they in control of?

and how are they in control of the price of a barrel of oil? they arent

[Matt-hurricanewatcher]

I say we drill for our own oil...Then find ways to find other energy to use. Also build more nuclear power plants to power our city's. Forget the middle east...

[brunota2003]

and emotional they will be while we are being torchered with these prices...and it should be the oil companies being blamed, congress talked to them a few months ago, and the oil companies couldnt come up with a single reason why the prices were so high other than PROFIT!!! and the gov't let them get away with it...

[rainstorm]

and emotional they will be while we are being torchered with these prices...and it should be the oil companies being blamed, congress talked to them a few months ago, and the oil companies couldnt come up with a single reason why the prices were so high other than PROFIT!!! and the gov't let them get away with it...

why should they be blamed? their profit margin is rather low. what exactly ids the govt letting them get away with?

[CajunMama]

You need to understand the futures market to understand the price of oil, wheat, coffee, etc. If you don't understand the futures market this article explains it.

http://www.investopedia.com/university/ ... tures2.asp

[rainstorm]

and emotional they will be while we are being torchered with these prices...and it should be the oil companies being blamed, congress talked to them a few months ago, and the oil companies couldnt come up with a single reason why the prices were so high other than PROFIT!!! and the gov't let them get away with it...

again, this is an economics argument. do you agree that if the govt steps in and says a company cant increase supply to meet increasing demand, prices will go up?
oil companies dont own nations where oil is drilled
oil companies dont own any oil
oil companies dont in any way control the price of a barrell of oil.

if i were you, i would be demanding to know why congress blocks new drilling. why they block nuclear
why they block shale oil
why they block refineries

again, its a basic law of economics. if demand increases, and supply doesnt. prices go up.
please place the blame where it belongs

[rainstorm]

You need to understand the futures market to understand the price of oil, wheat, coffee, etc. If you don't understand the futures market this article explains it.

http://www.investopedia.com/university/ ... tures2.asp

thanks mama. this will help some. we also need some understanding in the difference between a commodity and a product

[brunota2003]

OPEC is...grrr...its their falt also...not producing as much oil as they could...then the oil companies...man...when I move out...I'm going with vege oil...roughly $0.90 per gallon...heck yea!!! and in some cases you can make it for $0.50...

[wxmann_91]

$3.15

[angelwing]

All i know is that we couldn't eat last night as I had to get a half-tank of gas...our budget has to be revamped again as our meds got changed and they are higher, now gas & food. I have to talk to the hubby..might have to stop meds, will talk to the dr Monday...this bites

[gtalum]

There are a few simple facts that are being ignored in all of these emotional posts. rainstorm is doing a good job of presenting them, but he's being ignored.

1) Exxon (and all the rest of the oil companies) made about a 9% profit margin last year with their "record profits". If they decided to give up their 9% profit margin completely, you'd save about $0.25 per gallon. That's it. You'd still eb complaining that gas is $2.75 and rising.

2) Exxon's CEO's big $400 Million retirement package, which will eb spread out over years or probably decades, accounts for about 1% of last year's record profits. He helped guide them to that profit, and deserves a piece of it. it's teh American way.

3) We pay less for gas than any other developed nation. the only reason it's painflul for us is because our politicians have done ppor city planning and poor transportation planning. It's them you should be abgry with for allowing our nation to develop in such a way that we are so dependent on individual transportation.

Matt-Hurricanewatcher had a good idea: we need to start building nuclear power plants ASAP. By removing the use of oil that is used for some of our electricity generation, it will free up a bit of supply for other uses as we develop alternative energy sources for transportation.

[gtalum]

to your whole $75 a barrel thing, there are countries that are paying $100 a barrel and their prices are cheaper than ours...then again, they arent as after profit as we are...

Do you have any examples of these magnanimous countries?

also, barrel prices were lowering, and actual gas prices here went up instead of down like you would think they would...IMO that is a sign they are after profit...

The price of oil is only one factor in the price of gasoline. You can again thank our politicians for forcing oil companies to refine dozens of different types of gasoline for different cities and different conditions. If they were not forced to do so they would produce just a few types of gasoline. Supply would be easier to manage and prices would be lower.

If somehow our politicians decided to ignore capitalism and cap gasoline prices, there would be massive shortages instead. As with any commodity of which there is a limited supply, there is a simple choice: you can regulate consumption fo that supply with price or with availability. That's it.

[gtalum]

and it should be the oil companies being blamed, congress talked to them a few months ago, and the oil companies couldnt come up with a single reason why the prices were so high other than PROFIT!!! and the gov't let them get away with it...

Did you actually listen to the hearings? Or did you trake the word of someone else who claimed to? They did in fact list several reasons why the price of gasoline is escalating.

And why shouldn't they profit? Would you run a business that didn't turn a profit?

[rainstorm]

to your whole $75 a barrel thing, there are countries that are paying $100 a barrel and their prices are cheaper than ours...then again, they arent as after profit as we are...

Do you have any examples of these magnanimous countries?

also, barrel prices were lowering, and actual gas prices here went up instead of down like you would think they would...IMO that is a sign they are after profit...

The price of oil is only one factor in the price of gasoline. You can again thank our politicians for forcing oil companies to refine dozens of different types of gasoline for different cities and different conditions. If they were not forced to do so they would produce just a few types of gasoline. Supply would be easier to manage and prices would be lower.

If somehow our politicians decided to ignore capitalism and cap gasoline prices, there would be massive shortages instead. As with any commodity of which there is a limited supply, there is a simple choice: you can regulate consumption fo that supply with price or with availability. That's it.

exactly. and they dont have any examples of gouging either

[Tstormwatcher]

Here are where we get our oil.http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html

By the way, 40% of our oil is homegrown. And opening ANWAR will not help prices a bit.

[conestogo_flood]

$4.05/gallon last I checked down the road.

[Janice]

With what China will demand in the next 20 years, by dumping bicycle for cars, there will be no oil left for the US.

[furluvcats]

I paid 3.39 today...for the CHEAP stuff...ARGH

[wxmann_91]

$3.15

That was on Wednesday.

$3.25 now.

[Lindaloo]

This thread is about state to state gas prices. Let's keep it that way.