A little voice told me I needed to top off my gas tank yesterday when gas was $2.52/gal. I listened and filled my half-empty tank. Today, prices went up 35 cents. I win!
Adding – WTF, 35 cents in ONE day?
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3 comments:
The State Fair brings touri$t$ to town. Didn't our notorious State leaders pass a gas gouging law just recently?
I'll limp by on a quarter tank until the end of the week, and hope the prices come back down.
What's fascinating is that we have all the elements in place:
Conspiracy
Price Fixing
That's a criminal enterprise right there.
Of course our elected officials (Ha) couldn't care less about We the People. It's whose greasing their palms that's important - and we can't compete with the campaign contributions, and junkets that the Petroleum lobby provides.
When someone finally gets around to a show hearing that's all it is for show. A bunch of pointed questions are asked, and if any fines are handed out their token fines at best - wink wink.
But this is just a couple of locally owned gas stations ripping off people during Fair Week you say. I'd add, and every other time even any hint that any disruption to supply exist even long before it has any effect on gas prices.
Gasoline is treated as a commodity to be speculated upon. There isn't any other way to see this except as being the result of too few companies with too little competition.
JP
Supply and demand. We have plenty of oil. We just cannot convert it to gasoline fast enough. We have not built a new refinery in over 25 years. The current ones are old and and operating at over 99%. One problem at one refinery and prices sky rocket.
Also, we have several types of "blends" that are mandated to go into effect at various dates throughout the year. It takes time for the refineries to be able to switch over to these "blends" and our gas supply is cut down during this time. This leads to an immediate increase in prices. Also, each part of the country has different "blend" requirements so that is why gas varies so much from state to state.
Yes, we need to conserve and up the mileage requirements on autos. However those are long term fixes. The only way to cut prices in the near term (next 5 years) is to build more refineries.
Regarding conspiracies, I believe that the oil companies have secured the patents for alternative fuels...biodiesels, hydrogen fuel cells, etc...and the oil companies just sit on those patents in order to protect their product, oil.
Until some politician, and I dont hear the Dems talking about this, makes a significant push for alternatives we will continue to spend a large percentage of our take home pay on gasoline.
Another issue that is a joke is this huge push for corn based ethanol. Not only is it close to a wash on the amount of energy needed to create a gallon of corn based ethanol vs. the amount of gasoline saved, corn based ethanol just drives up costs in other areas of our lives....ie food! So in the long run we are actually paying more for this gallon of corn based ethanol.....one solution that might help a little is to lift the tariff on Brazillian sugar cane based ethanol. We currently have a 50cent per gallon tariff on sugar cane based ethanol coming from Brazil. Sugar cane based ethanol is produced much more efficiently than our corn based ethanol and much cheaper in the long run. But our Senators from both parties here in the midwest continue to feed the large corn farmers with these huge subsidies and by passing unnecessary requirements for corn based ethanol use. We are going down the wrong road with corn based ethanol.
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