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On 8/31/2005 22:33, Gary Hedlin wrote:
| 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.
Gas stations I passed today had fewer customers than normal. No extra
demand compared to last week, at least around here. There is definitely
price gouging going on right now - at the very least, people are taking
advantage of the current situation. While demand may be up, and supply
down some, it's not enough to justify a 10% price jump in a matter of hours.
Bush opening up the reserves will help? That's all Crude Oil, it's
gotta get refined somewhere. If refining capacity is down, we can't
make use of that Crude.
| 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.
Last I heard, the gas companies were still posting record profits. Just
one example (check the date - 8/11)
http://abcnews.go.com/WNT/story?id=1029991 . They could drop prices and
still be making plenty of profit.
| 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.
Pot, meet the kettle? Let's be honest with ourselves here, guys. How
many of us are driving our trucks around every day with multiple people
in them (RCs are exempt from this, but my QC seats 5 and I think I can
count the number of times it's moved more than 2 people at once on my
fingers and toes), fully loaded with stuff that couldn't be reasonably
carried/hauled/towed by a more fuel-efficient vehicle? *We are* some
of those "stupid people who drive hummers and other cars that increase
demand".
- --
- -andy
http://home.rochester.rr.com/alevy/dakota - andy-dml@levyclan.us
- --------------------------------------------
"Whatever Adam does, do the opposite and you'll be fine"
-Bob Tom
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