Anyone feeling the pain at the pump with their JK yet? Post your local gas prices
JK Enthusiast
Joined: Jan 2012
Posts: 399
Likes: 0
From: Paducah, KY
Bring that oil pipeline in, open up more areas of the country for safe, legal, efficient, and modern drilling, make it easier to build refineries, make the diesel emissions more in step with Europe's, and take steps to make oil a traded commodity and not a speculated commodity and you'd see our price drop dramatically.
In summer 2007 (or was that 8?) when prices spiked all it took was President Bush signing a presidential order opening up Alaska for more exploration and the prices plummeted as the speculators on the market ran in fear for their profits.
Our gas prices are a horrible mishmash of our own making due to government regulation, public ignorance, and stupid trading policies.
In summer 2007 (or was that 8?) when prices spiked all it took was President Bush signing a presidential order opening up Alaska for more exploration and the prices plummeted as the speculators on the market ran in fear for their profits.
Our gas prices are a horrible mishmash of our own making due to government regulation, public ignorance, and stupid trading policies.
JK Enthusiast
Joined: Mar 2007
Posts: 142
Likes: 0
I have family that's worked for Chevron for 30 years, finance and strategic management levels... are you in the business?
They have an old infrastructure... and they should be held accountable for massive oil spills and environmental disasters. They can't decommission old unproductive refineries due to existing EPA regs and when upgrading, they need to meet new regulatory requirements.
Never said it doesn't cost to explore, refine oil into gas and distribute... however price spikes that result in windfall profits in order to pay huge bonuses is just more of the same that we've been experiencing over the past 20 years. That's not government policy, moreover the CEOs, BODs, SVPs, Officers and investors taking money from your pocket. You think the average worker is getting huge bonuses and entitlements? When was the last time they built a new refinery? Have you looked at the wealth disparity in America lately?
Ironic how the BP oil spill trial is delayed and they're getting ready to pay $ billions in fines... gas price increase a coincidence? The investors aren't going to pay for it out of their dividends or from the stock price dropping. Every time there's a explosion at a refinery the price at the pump spikes. Someone said it earlier, Wall Street and their jar full of excuses.
This is definitely Wall Street, corporations and politicians (investors) you vote for my friend... all based on greed, not government policy.
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They have an old infrastructure... and they should be held accountable for massive oil spills and environmental disasters. They can't decommission old unproductive refineries due to existing EPA regs and when upgrading, they need to meet new regulatory requirements.
Never said it doesn't cost to explore, refine oil into gas and distribute... however price spikes that result in windfall profits in order to pay huge bonuses is just more of the same that we've been experiencing over the past 20 years. That's not government policy, moreover the CEOs, BODs, SVPs, Officers and investors taking money from your pocket. You think the average worker is getting huge bonuses and entitlements? When was the last time they built a new refinery? Have you looked at the wealth disparity in America lately?
Ironic how the BP oil spill trial is delayed and they're getting ready to pay $ billions in fines... gas price increase a coincidence? The investors aren't going to pay for it out of their dividends or from the stock price dropping. Every time there's a explosion at a refinery the price at the pump spikes. Someone said it earlier, Wall Street and their jar full of excuses.
This is definitely Wall Street, corporations and politicians (investors) you vote for my friend... all based on greed, not government policy.
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How is this different from any other big business? There are many companies here posting 8 digit bonuses to there executives. Did you even read what Chip stated? The largest oil company in the U.S. is 5th largest in the world. The way you talk you would think they own the monopoly!
The largest American oil company is Exxon Mobil, they are the fifth largest oil company in the world and control less than 5% of the world oil market. The top three US oil companies combined control less than 10% of the world oil market. This is hardly a market dominating monopoly.
Large markets are more efficient than small markets. Any governmental regulation that inhibits the free flow of products or its production will result in either higher prices, product shortages, or both.
No detectable benefit for the incredible expense incurred in brewing up 165 different blends of gasoline!!!
Last edited by richtor; Feb 27, 2012 at 06:10 AM.
JK Enthusiast
Joined: Dec 2009
Posts: 193
Likes: 0
From: SW Michigan
Price shot from about $3.19 to $3.69 in the last 2 weeks. Paying $3.69 a gallon all last week on my 170 mi commute each day in the JK was brutal.
Thankfully the DD is back on the road and getting 40+mpg with a brand new clutch, seeing as I got over 205k miles on the stocker I guess it is not too bad
Thankfully the DD is back on the road and getting 40+mpg with a brand new clutch, seeing as I got over 205k miles on the stocker I guess it is not too bad
JK Freak
Joined: Dec 2008
Posts: 712
Likes: 1
From: Shreveport, LA
Pushing $3.50/gallon here. Not as bad as the rest of you guys out there, I know, but still a lot higher than we are accustomed to paying. I remember after 9-11 I thought going up close to $2.00/gallon was high. Jeez!
Make no mistake about it guys, this is a direct result of current economic policies coupled with environmental policies. We have an administration in power that likes to bow to the wishes of environmentalist PACs just to get more votes in the upcoming November election cycle. Look at how the Keystone XL pipeline was so handily denied by the Owebama-Clinton State Department. Granted, the Keystone pipeline may not be an immediate fix, but it would be a near-future fix. Shutting down drilling in the Gulf of Mexico was an opportunistic action taken to deal yet another blow to an already over-regulated and over-taxed oil industry. What did it do? Created more unemployment and higher energy costs while simultaneously INCREASING the amount of revenue that the Federal Government sucks in.
DRILL BABY DRILL!!!
Make no mistake about it guys, this is a direct result of current economic policies coupled with environmental policies. We have an administration in power that likes to bow to the wishes of environmentalist PACs just to get more votes in the upcoming November election cycle. Look at how the Keystone XL pipeline was so handily denied by the Owebama-Clinton State Department. Granted, the Keystone pipeline may not be an immediate fix, but it would be a near-future fix. Shutting down drilling in the Gulf of Mexico was an opportunistic action taken to deal yet another blow to an already over-regulated and over-taxed oil industry. What did it do? Created more unemployment and higher energy costs while simultaneously INCREASING the amount of revenue that the Federal Government sucks in.
DRILL BABY DRILL!!!
JK Freak
Joined: Jun 2011
Posts: 534
Likes: 0
From: Whittier, CA
Falling oil lifts Wall St to highest since 2008
By Caroline Valetkevitch | Reuters – 3 hrs ago..
"Oil's recent rally has been driven by worries over disruptions to Middle East supplies due to sanctions against Iran. Energy companies fell with oil prices. Shares of Exxon Mobil ended down 0.1 percent at $87.23."
By Caroline Valetkevitch | Reuters – 3 hrs ago..
"Oil's recent rally has been driven by worries over disruptions to Middle East supplies due to sanctions against Iran. Energy companies fell with oil prices. Shares of Exxon Mobil ended down 0.1 percent at $87.23."
Interesting some of the responses and perceptions... read the Rueters headline above.
So what U.S. Government policy today made oil prices drop and gas prices rise? .. or a more appropriate question, who dropped oil prices today that allowed the DOW to trade above 13,000?
We are simply being played by Wall Street, corporate executives, energy moguls and OPEC fat cats that are pulling global supply levers... which has a direct effect on our economy.
I managed and pumped gas at a Mobil Oil station during the energy crisis in 1973-74, Arab Oil Embargo to be exact... I watched Ethyl fuel double in price from $.35 to $.75 per gallon, all within 2-3 months. I can tell you some fairly interesting stories about supply, demand and mass hysteria as people couldn't find gas for their daily needs. I was the guy behind the Mobil curtain shutting off the master switch to the pumps that led consumers to believe there was no gas. Ironic huh?
I think you're sadly mistaken if you believe Obama or any other president is the cause of high gas prices today. I would first look at the balance sheets from all those public and private investors that are pulling the levers...
Hey Mitt R ... maybe it's time to disclose your financial matters and make your "blind trust" visible ... ?
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