>
> This guy has it right. It's great how everyone always blames things on
> either the middle east or Bush. When in fact it's a bunch of suits that
> are doinig it, AMERICAN Suits. Oil trades like any other commodity and
> they drove the price up in anticipation of problems. BP or any other
> company certainly can't react on prices that fast. But a bunch of
> traders sure can.
>
> Zach Burcham
>
>
Not exactly...
Reason why gas prics are so high is purely because of demand. People
are thinking theres gonna be shortages or high prices, so they are
filling up their vehicles. Demand is at an all time high. Plus with
10-20% of our refining capacity down, supply has been constrained. Put
these two together and you get your $3 a galon prices.
I'm sorry to burst bubbles, but the only ones that are really making
money is the government. Unleaded gasoline (wholesale) closed today
arround $2.10 / gal. Take that and add 25%-45% taxes (depending on the
state), then add your transit and infastructure costs, and youre sitting
at the price level were at now.
It's simple economics, no conspiricies or price fixing, just stupid
people who drive hummers and other cars that increase demand and the
same people thinking we're going to run out of gas.
Gary Hedlin
05 4.7 SLT 2WD
98 3.9 Sport 2WD
http://www.garyhedlin.com
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