Need a loan for gas yet?

[feederband]

I'd LOVE to shove the crude oil up their ***** and see what HAPPENS!

Dennis

The price would just go higher because you would have to drill a second time to retreive it....

[wxmann_91]

Everything's more expensive in California, but gas prices are off the charts. $3.00 a gallon already - FOR REGULAR GAS!!! (of course not everywhere's like that, but I saw that once).

[azsnowman]

What happened? It's been 24 hours since the price went up, what gives? I actually found one station where the price is $2.47 for the cheap stuff whatta BARGAIN huh, compared to the REST of them at $2.65

Dennis

[Stephanie]

I'd LOVE to shove the crude oil up their ***** and see what HAPPENS!

Dennis

The price would just go higher because you would have to drill a second time to retreive it....

Dennis - hopefully that's a GOOD sign. I guess we'll see when the market opens tomorrow.

[Matt-hurricanewatcher]

Between the tree hunging nazi and the uprising of need for oil out of China,India. Is the reason why we are hurting. We need to start pumping oil again our selfs. In Advance our country into the god darn future. Instead of expecting the middle east ot do it. Bush has his hands tied by tree hungers!!! GRRRR!!!!

[feederband]

Lets start protecting human life first we've earned it...I was watching something the other nite about the people that were against the drilling off Florida because it would be harmful to the environment.. Well all the oil platforms that are in the gulf are actually teaming with under water life kind of like artificial reefs. The under water life wasn't like that before the oil platforms went in....

[gtalum]

Drilling our untapped reserves is a good step, but it's only a stopgap measure. Our demand for oil is much too high, and those reserves will only shave a samll percent off of our foreign dependency, and only for a short time.

We need to be working on real fuel alternatives.

[Stephanie]

Drilling our untapped reserves is a good step, but it's only a stopgap measure. Our demand for oil is much too high, and those reserves will only shave a samll percent off of our foreign dependency, and only for a short time.

We need to be working on real fuel alternatives.

Yes. We have the technology - we've been much too lazy and greedy to put it to use. We have noone to blame but ourselves.

[CaptinCrunch]

WTF!!! This past weekend I filled up for the coming week at $2.55 a gallon for regular unleaded...Gas has gone up 23 cents since the first of August. The avg price of reg UL is expected to be at or around $2.75 by Labor day weekend..this is total BS!!!!!!

[HurriCat]

Amen! My big thing with this rip-off is that we hear endless whining about "tight supplies" or "refinery maintenance". OKAY, so why is it that you can go anywhere in the country and buy all of the gas you want? Uh, at the higher prices, OF COURSE. Where are the ration signs? Where are the stations with "No Gas" signs? There's plenty of "gas", alrighty, and a lot of it is blowing out of the media and the oil company P.R. departments!

[feederband]

Amen! My big thing with this rip-off is that we hear endless whining about "tight supplies" or "refinery maintenance". OKAY, so why is it that you can go anywhere in the country and buy all of the gas you want? Uh, at the higher prices, OF COURSE. Where are the ration signs? Where are the stations with "No Gas" signs? There's plenty of "gas", alrighty, and a lot of it is blowing out of the media and the oil company P.R. departments!

Yeah I would like to see some real supply and demand numbers....I agree with what you said why are we not seeing out of gas signs at gas stations..?If the put gas at $4.00 a gallon they know we will still have to buy it...What are we to do....

[gtalum]

What's missing here is a clear lack of understanding of economics.

We have just enough oil to meet demand, which explains the high prices. Until recently, we had enough to meet demand plus make reserves of a few percent

With that extra "slack" gone, prices go up. it's the high prices that have prevented us from running short on gas. As price increases, demand drops somewhat to compensate.

Remember, the US is not in a vacuum. Our demand is surrounded by the demand of teh rest of the world. We trade oil in a truly global market.

[Lindaloo]

Yeah gtalum, that makes alot of sense. Guess that is why the oil companies were showing a HUGE profit last quarter.

[vbhoutex]

I'd LOVE to shove the crude oil up their ***** and see what HAPPENS!

Dennis

The price would just go higher because you would have to drill a second time to retreive it....

ROFLMAO!!!!!Too true!!!!

Unfortunately Matt is wrong in his assumption that the tree huggers are the problem. It is the large oil companies that continue to enjoy thier huge profits and that have huge highly paid lobbying staffs that keep the more environmentally friendly types of energy from being funded/helped by the US. Yet even though they have this portion of the energy industry virtually shut down, they don't drill for more oil at home to even enhance their profits more. Why? I don't know for sure, but apparently it is still cheaper to import foreign oil. I wonder how much of that "foreign" oil they already own? We already know that Shell is a Dutch concern.

[gtalum]

Yeah gtalum, that makes alot of sense. Guess that is why the oil companies were showing a HUGE profit last quarter.

It's exactly why they show a huge profit. They have the same extraction and refining costs, regardless of what the oil sells for on the world market. The only thing that rises for them is the actual cost of the oil itself. As they apply their margin to the more expensive oil, their gross profit margin stays the same but the net profit soars.

[stormraiser]

Well, as of about 1:00 pm my time it was up to 2.669/gallon of the cheap stuff at the cheap places.

[kevin]

Why do the rat illegitimate-children-rds put that 9/10ths of a cent on the end??????

[stormie_skies]

I hate to be the one to say it, because I hate the high gas prices as much as anyone (perhaps more than some, because Houston is a very car-oriented city and my job requires a ton of travel)....but in a lot of ways I think a hike in gas prices has been a long time coming, and may actually be beneficial to the US in the long run.

Powering society with oil and oil alone is anything but wise - it puts us at the mercy of foreign governments (this is unavoidable - even if we drilled the crap out of Alaska, it would still only meet maybe 10% of our oil needs) and finances those that wish to do us harm. But it seems most Americans aren't big on looking at the bigger picture - they want that status SUV and they want it NOW, and they want to drive it all over town, and they don't care where the oil comes from as long as gas is cheap. And if consumers don't care about MPG ratings, the auto manufacturers have no incentive to lower them - why should they care, as long as their product sells?

Now that gas prices are inching up, though, we are seeing a slow change in the auto market .... Hummers aren't selling so well anymore, and there is a mile-long waiting list to get a hybrid Ford Escape. I'm betting that, if this continues, auto makers will push more hybrids into the market faster (I'm sure they can, they just haven't wanted to), and who wouldn't benefit from that?

I know its no fun to pay $2.50 a gallon.... but this might be the only language some people, some corporations, and some government officials can understand....

[yoda]

Between the tree hunging nazi and the uprising of need for oil out of China,India. Is the reason why we are hurting. We need to start pumping oil again our selfs. In Advance our country into the god darn future. Instead of expecting the middle east ot do it. Bush has his hands tied by tree hungers!!! GRRRR!!!!

Tree hungers, eh? Do you eat trees?

[kevin]

"Only idiots discount the value of the environment."
-Nullis Secondus Lucius George