Gas Prices

[Halon]

2.29/gal for premium in yuma

[Jana]

Of course he was joking...lol......

Yeah, prices suck but oh well.

[FattyBoomBatty]

Originally posted by dylan@May 20 2004, 10:38 PM
The oil companys don't determine the price of gas. The market determines that, but the oil companys just decide the number of barrels they want to produce.
so, what your saying is that in fact the oil companies DO determine the price of gas...?

supply and demand. think about it.

[A//// Guy]

NO they just make it go either up or down. They dont make the prices for the gas we buy though. They make the barrel price... if that goes up then gas goes up.

[FattyBoomBatty]

supply and demand.

[JET]

OPEC essentially determines the gas prices. They set the amount of production for all of the countries. They are basically all middle eastern countries. They cut oil production about 6 weeks ago and that is why the gas prices went up. OPEC is an evil thing. It is a monopoly on oil, just like DeBeers is on diamonds.

The US does not allow monopolies to sell in the US, that is why there are diamond importers that go overseas to buy diamonds. Monopolies are in total control of the market, but are suceptable to upstart companies. The problem is that the supply of raw materials (crude oil) is limited, so the possibility of an upstart company is very small. We really are at the mercy of the middle east.

This has been your economics lesson for the day. We now return you to your regularily scheduled program...

[Jana]

Thanks Teacher JET :D

[MATCHBX]

Boy, you bitch about our prices over here. Try over in Europe where 10 years ago a gallon of 93 octane (they had higher octanes in Norway, 93 was about the lowest) would run you about $4-5!! That was 10 years ago!!!!!

[Jacek]

lowest octane i saw in poland was 94 i think. im just gonna quit smoking.. benefit on that one either way :)

[fmicmatt]

Its the same here now as it was last year in Hawaii..............I'm used to it.