Why are gas prices so high? Let's find out what Obama did to yOU. (gallon, middle east)

[70Ford]

(Note. ExxonMobil is a very NON LIBERAL entity. This article should be considered extremely slanted to the Conservative viewpoint.)

What am I paying for in the price of a gallon of gasoline? | ExxonMobil's Perspectives Blog

To put that in another way – about $2.62 of the average gallon of gas in this example is set before a refiner even touches the raw material.
Where I find many people get confused is that they assume oil companies are producing all the oil that goes into their own refineries – and therefore can control gas prices by controlling the supply chain. That’s not the case.

That link was based on gas prices in Dec. 2011. It's pretty interesting to see who has control over what goes into the price.

Gheit says that 75 percent of what Americans pay for gasoline comes from the costs of crude oil. For gas to get down to $2.50 per gallon, he said, the price of a barrel of crude oil would have to get down to around $50.

The current price of crude? $116 a barrel. Energy & Oil Prices: Natural Gas, Electricity and Oil - Bloomberg

"Only a depression would bring oil prices down that much," said Gheit.
Could Gingrich really lower gas to $2.50 per gallon? - Political Hotsheet - CBS News

[Kracer]

Weak dollar = high gas prices as a general rule.

Exxon et al keeps the US government afloat with all the tax they pay.

If the 'oil companies' were nationalized, as was GM, they would be less profitable and the 'government' would have less wealth to distribute.

Here again like Goldman sachs Obama rails against Wall st while stufffing his treasury dept with their alumnae. Beat up the oil companies and take all their cash. Obama is a charlatan and huckster who manipulates the ignorant masses the same as the stone age people of the middle east are 'used' for radical political agendas.

Obama's EPA and those before have screwed us royally with ethanol from corn, a crop subject to the vagaries of weather patterns and a component in most of our food. It is insane to talk about high energy costs and ignore the skyrocketing food prices.

Based on some imaginary statistical theory the EPA has deigned to mandate specialized gas formulations for various regions in the country. The EPA and IRS need a big time haircut. As these 3 letter organizations have gone rogue on the American people.

Obama finally fullfills one promise with no hint of a flip flop.... to raise our energy costs. "energy costs will necessarily skyrocket under my energy plan". This statement by Obama clearly tells us he controls, to a large part, the cost of energy. Otherwise he is a naive community organizer or a flat out liar. ...and what plan is he rolling out? another need to know project conducted in the clear like of day.

[Icy Tea]

LUKOIL gas station owners protested LUKOILs heavy handed price gouging by raising gas prices to $8 a gallon in New Jersey and Pennsylvania. Apparently they get charged more to buy gas as owners and their profit margins are far less.

[MMM05]

Originally Posted by 70Ford

(Note. ExxonMobil is a very NON LIBERAL entity. This article should be considered extremely slanted to the Conservative viewpoint.)

What am I paying for in the price of a gallon of gasoline? | ExxonMobil's Perspectives Blog

To put that in another way – about $2.62 of the average gallon of gas in this example is set before a refiner even touches the raw material.
Where I find many people get confused is that they assume oil companies are producing all the oil that goes into their own refineries – and therefore can control gas prices by controlling the supply chain. That’s not the case.

That link was based on gas prices in Dec. 2011. It's pretty interesting to see who has control over what goes into the price.

Gheit says that 75 percent of what Americans pay for gasoline comes from the costs of crude oil. For gas to get down to $2.50 per gallon, he said, the price of a barrel of crude oil would have to get down to around $50.

The current price of crude? $116 a barrel. Energy & Oil Prices: Natural Gas, Electricity and Oil - Bloomberg

"Only a depression would bring oil prices down that much," said Gheit.
Could Gingrich really lower gas to $2.50 per gallon? - Political Hotsheet - CBS News

How could you be so Far off the mark, bud? Crude Oil now is $97.38 >> CNNMoney - Business, financial and personal finance news

CommoditiesOil$97.38