The Price Of Oil Down The Price Of Gas The Same?
October 13, 2008 | Author: admin | Category: Obscene InflationYou do realize that we practically live in a virtual world, don’t you? The fact is nothing is what it seems and what you are being told is probably not the truth, so let’s look at the facts— The crude oil prices are dropping rapidly and the price on gas at the pump has come down some. Did you know that it can take about 3-4 months for the pumps to have a decrease from a drop in the oil prices today. Also, did you know that part of the reason for the increase in gas prices, aside from the economy and the war, is that the demand for gasoline has been rising and the supply has not. The United States has not built even one oil refinery since 1976 which is 32 years of ignoring that we need more oil and not taking any action. Also, in fairness to the average gas station, they make very little money on their gasoline sales and rake in a much bigger profit from keeping their gas prices competitively low, to encourage you to come to them and buy something to drink, cigarettes, lottery tickets and so forth. It is the mini marts themselves that bring in the revenue in these places and not so much on the gas.
I still personally see a big difference from region to region on gas prices and in my travels this past weekend found gasoline prices that ranged from the highest price I saw at $3.39 per gallon for regular unleaded to $2.95 per gallon. A savings of .44 per gallon is not laughing matter. Especially when you consider, I didn’t go on a massive country wide trip, I only drove down the highway about an hour and that is how much the gas prices varied on a short drive. I don’t care what they say in the news, I know that some of this must be price gouging, I don’t mind when the prices vary a little but when I can drive to the next town over and spend .20 less per gallon, something is rotten in Denmark!
Tags: come down, comepetitively low, crude oil, drive, economy, gas prices, gas station, gasoline, gasoline prices, highway, lottery tickets, oil, oil refinery, price gouging, price on gas, prices are dropping, pump, pumps, revenue, spend, the war, trip, virtual world, war
October 13th, 2008 at 10:29 am
When the price of crude goes down, the immediate beneficiaries are independent refineries (those not operated by companies that also operate oil wells); their profit margins rise. It takes a while before the refineries decide to refine more gasoline, which would cuase a price reduction in gasoline.