Gas Prices Zooming up again?

[OhBeeHave]

Originally Posted by unctorious

Because nobody buys those products by the gallon, nor do people use gallons of those products per month.

I would hate to see people using gallons of Red Bull. Some people are too hyper as it is.

[suzook]

Price of oil has dropped tremendously this week....yet gas continues to rise. When will the royal screwing end?

[bubbathedog]

Originally Posted by suzook

Price of oil has dropped tremendously this week....yet gas continues to rise. When will the royal screwing end?

When everyone is using a bicycle to commute to work.

BTW, gas and oil have not been correlated for years, since the oil companies now export huge quantities gasoline offshore, creating artificial shortages esp. in the Northeast.

[suzook]

Originally Posted by bubbathedog

When everyone is using a bicycle to commute to work.

BTW, gas and oil have not been correlated for years, since the oil companies now export huge quantities gasoline offshore, creating artificial shortages esp. in the Northeast.

Sure they do. When the price of oil goes up...the next day gasoline goes up.

[bubbathedog]

Originally Posted by suzook

Sure they do. When the price of oil goes up...the next day gasoline goes up.

Actually gasoline goes up when you sneeze funny... just kidding... but not really.

Really, if the correlation was still true, our gasoline prices at the pump would have decreased 2.4% yesterday. It has come down a couple of cents but is still pegged at $4.09. If you view the charts, gas and oil do move generally in the same direction, though they are not moving in lockstep. Basically, both commodities have different fundamentals.

In the retail market, any excuse to raise prices will do. Occassionally, a politician will voice some displeasure and announce an investigation into gas prices, but nothing usually comes of it. Until someone steps in and limits gas exports, putting the USA before profits, and limits speculation in the commodities markets, we'll be paying huge dollars for a gallon of gasoline.