C & C Land & Catt
Well-known member
how bout them fuel prices?
Craig-TX":1sfrihyf said:Take the taxes out of fuel and the regulations off of the industry and the problem will be solved. Three of the main reasons fuel is high: 1) Government, 2) Government, and 3) Government.
Craig-TX
C & C Land & Catt":wkkmp7og said:how bout them fuel prices?
Frankie":38e6mrge said:Thank you, Canadians, for our oil. IMO, gasoline prices are simply a reflection of the greed in the oil industry. There's no shortage of oil. How much gasoline we can refine in the US has nothing to do with the price of a barrel of oil. We have the same refining capability as we did this time last year and gas is over a dollar higher. I couldn't believe Alan Greenspan told us that the price of gasoline will have no effect on the economy! My quarterly bill for trash pickup had a $15 surcharge for fuel. Last quarter it was "only" a $6 surcharge. Groceries are higher, trips to the doctor will cost more, fertilizer, diesel is higher here than regular gasoline and the guy in charge of our banking system says it won't affect the economy. That's scary.
Campground Cattle":fwj5pb51 said:Frankie":fwj5pb51 said:Thank you, Canadians, for our oil. IMO, gasoline prices are simply a reflection of the greed in the oil industry. There's no shortage of oil. How much gasoline we can refine in the US has nothing to do with the price of a barrel of oil. We have the same refining capability as we did this time last year and gas is over a dollar higher. I couldn't believe Alan Greenspan told us that the price of gasoline will have no effect on the economy! My quarterly bill for trash pickup had a $15 surcharge for fuel. Last quarter it was "only" a $6 surcharge. Groceries are higher, trips to the doctor will cost more, fertilizer, diesel is higher here than regular gasoline and the guy in charge of our banking system says it won't affect the economy. That's scary.
This is where I have to throw the BS flag Frankie, you might know epd's , but you know squat about refining in the US. It's simple supply and demand economics .
It is real simple there is 12 million barrels a day of refining capacity today virtually the same as in the late 1970's the industry has not grown, but actually downsized due to regulations. Demand has continued to grow and is still growing. If you don't believe that ask the people of Eldorada Ak, Neodasha Ks, Casper Wy, Sugar Creek Mo. what happened to their refineries to just name a few.
Frankie":3uaa5m9f said:Campground Cattle":3uaa5m9f said:Frankie":3uaa5m9f said:Thank you, Canadians, for our oil. IMO, gasoline prices are simply a reflection of the greed in the oil industry. There's no shortage of oil. How much gasoline we can refine in the US has nothing to do with the price of a barrel of oil. We have the same refining capability as we did this time last year and gas is over a dollar higher. I couldn't believe Alan Greenspan told us that the price of gasoline will have no effect on the economy! My quarterly bill for trash pickup had a $15 surcharge for fuel. Last quarter it was "only" a $6 surcharge. Groceries are higher, trips to the doctor will cost more, fertilizer, diesel is higher here than regular gasoline and the guy in charge of our banking system says it won't affect the economy. That's scary.
This is where I have to throw the BS flag Frankie, you might know epd's , but you know squat about refining in the US. It's simple supply and demand economics .
It is real simple there is 12 million barrels a day of refining capacity today virtually the same as in the late 1970's the industry has not grown, but actually downsized due to regulations. Demand has continued to grow and is still growing. If you don't believe that ask the people of Eldorada Ak, Neodasha Ks, Casper Wy, Sugar Creek Mo. what happened to their refineries to just name a few.
Throw that flag all you want, CC. We have a closed refinery not far from where I live and it's an environmental disaster waiting to happen. Thank goodness, an oil company has stepped forward and offered to pay for cleaning it up. In fact, there are dozens of places around here that the oil companies have footed the bill to clean up. But tell me why gasoline prices are $1+ higher this year than last? Demand hasn't gone up that much. And what does refining ability have to do with oil prices? There is plenty of oil; even the Saudis say that. I'm more than willing to learn, so, please, tell educate me as to why gasoline prices are $1+ compared to last year?