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Well, if we had a Dem POTUS it would be his fault...like it would be Obama's fault.
But since we have Trump, we take it on the chin......
I'm sure that world events have a bit of bearing on it- the price has gone up recently on spot and futures market. Also, we are entering the season of heavier use, therefore less supply.
Americans are also complacent and some have stopped buying the most efficient cars they can - that means they use more gas, meaning the companies can raise prices (supply/demand).
Obama promised energy costs would skyrocket under his energy plan. Obama obviously thought he could control prices. Obama's energy czar told us our gasoline prices would need to be raised to the level of Europe's.
I notice it but I don't talk about it. Why? It doesn't matter what I say. I'm not a lobbyist nor am I an influential CEO of some major corp. I'm just a lowly American citizen.
Don’t be so cynical...gas prices are the ONE THING that politicians respond to. When it gets high enoigh, incumbent politicians actually get squeamish about their re-election chances. It’s one of the few pocketbook issues that they know will cause Americans to turn on even the most beloved politicians.
Don’t be so cynical...gas prices are the ONE THING that politicians respond to. When it gets high enoigh, incumbent politicians actually get squeamish about their re-election chances. It’s one of the few pocketbook issues that they know will cause Americans to turn on even the most beloved politicians.
Sorry, can't help it.
I react to what I see and what I see are a bunch of politicians who don't give a rat's patootie about the struggles of the working and middle class.
I paid $3.12 yesterday, and with a 36 gallon tank that does add up, but it still beats the rationing we had in the early 70s, and it’s relatively cheap compared to cell phones, cable TV, and property taxes. If I were a conspiracy person, I might suspect an effort to unload all of those economy cars, hybrids and EVs sitting on the dealer’s lots.
Yeah, but Americans pay a LOT of money to keep the supply of oil free and secure. Middle Eastern military operations have cost us trillions of dollars since 2003...I think we deserve a return on that investment. When people say that we have no right to cheap gas, I disagree. If not, then let’s get the hell outta the Middle East and let Big Oil pay for their own security to move oil around the globe. Then I’ll gladly pay more.
Lemme just say that I’m not that uptight over this matter. I can afford to pay far more, and if I like a car, I don’t care about the gas mileage. Never did. All I want is some honesty about how gas prices are set. I want the speculators to come clean about this scheme.
And I want folks to stop propagating this nonsense about supply and demand when it’s quite clear that it doesn’t apply here. I also want the lies to stop about more drilling = cheap pump prices. That’s a lie too.
There currently is inelastic demand for gasoline, unless you live in New York City or San Francisco, where you can live a normal life without a car
I would say it’s relatively, but not completely inelastic, under normal circumstances. But the consumer does have influence over the price. As you no doubt remember, during the dark days of the Obama Administration in 2011-12, we found out how much was “too much” to pay for a gallon of gas. That price was $5.00 per gallon. Consumers just quit buying the stuff due to price, and in response gas prices began to retreat due to decreased demand.
Gasoline was so expensive at the retail level at one point during the first Obama term that there were instances of tanker truck drivers being murdered and their trucks stolen by thieves on the highway. Some distributors started to allow their drivers to carry firearms for protection; others hired armed escorts for gas shipments.
When that kind of stuff starts happening again, you’ll know gas prices are getting pretty high.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by Milton Miteybad
I would say it’s relatively, but not completely inelastic, under normal circumstances. But the consumer does have influence over the price. As you no doubt remember, during the dark days of the Obama Administration in 2011-12, we found out how much was “too much” to pay for a gallon of gas. That price was $5.00 per gallon. Consumers just quit buying the stuff due to price, and in response gas prices began to retreat due to decreased demand.
Gasoline was so expensive at the retail level at one point during the first Obama term that there were instances of tanker truck drivers being murdered and their trucks stolen by thieves on the highway. Some distributors started to allow their drivers to carry firearms for protection; others hired armed escorts for gas shipments.
When that kind of stuff starts happening again, you’ll know gas prices are getting pretty high.
I tried doing the carless thing here, lasted 6 months. Our public transportation doesn't run 24-7, so I eventually had to start taking Lyft every morning and taking the bus home. Had to eventually cave and get a car again. So again, pretty inelastic demand currently
Syria has no effect on production or use. None. The Middle East has been unstable since 2003.
There was a very cold winter last year too, and it went into April. Gas didn’t spike.
Demand for gas is no higher now than it was last year. Summer driving season? We just hit Spring two minutes ago. The summer driving season doesn’t even kick off until late next month. Why didn’t gas spike last year in the summer driving season?
Sorry, but your supply and demand argument ain’t holding up. Supplies are abundant. I can’t find a single credible link showing supply as being tight.
I didn’t forget anything. I asked a question. I wouldn’t ask if I’d known. I don’t know.
What I do know is that the typical economic principle of supply and demand doesn’t seem to regulate gas prices one bit.
And please, will you guys chill with the “summer driving season” nonsense? No one is traveling anywhere in April. Heavy driving season begins after Memorial Day. Kids don’t get out of school for another few months. Gas started spiking 2 months ago.
And no, the buyer isn’t setting the price of gas in the United States. That would mean supply and demand...gas doesn’t operate on that principle for the millionth time. Gas prices seem to be determined far more by Wall Street speculators holding oil futures than anything dealing with normal economic laws.
It does if the saudis are trying to sink the Russian energy market by producing a glut. Otherwise, I don’t know. It hasn’t been a dramatic increase and I don’t fill up as much so I haven’t thought about it much.
Anyone ever actually budget the difference in price? Fuel prices are not even close to most people's biggest budget eater.
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