Rob96
Active member
Unleaded= $4.47
Diesel= $5.99
Diesel= $5.99
What are you guys paying for gas?
- Thread starter Nick87
- Start date
The problem with that argument is that even with the increased consumption there is no shortage of crude or lack of availability of the refined product so there is no reason for the continual increase in prices. Given the already record profits of the petro companies.
BigHornRam
Well-known member
Hundred dollar oil encourages development in challenging oil fields. Meanwhile Brent, WTI, and nat gas are all up over 5% today. The "value" of the dollar certainly wouldn't have anything to do with continual price increases, would it?
$100 Oil Encourages Iraq To Fast-Track Production At Two Major Oil Fields | OilPrice.com
The Iraqi government is encouraging the development of several oil fields in its ThiQar province, as it looks to capitalize on high oil prices
oilprice.com
Nick87
Well-known member
$4.70 for regular
$5.52 for diesel
$5.52 for diesel
Rob96
Active member
Diesel went up again yesterday in the Allentown, PA area, $6.29 per gallon
Slm864
Well-known member
Same in western PA. Robbery
Mallardsx2
Well-known member
- Joined
- Apr 4, 2015
- Messages
- 2,631
My buddy paid 6.50 for diesel near Wilkes-Barre PA a week ago. Cost him over $220 to fill his 2500 chevy up.
D
Deleted member 28227
Guest
You are confusing a product and a commodity
Commodities Versus Differentiated Products | Ag Decision Maker
This is a great article on the topic.
Is It Fair To Blame Oil Companies For High Prices? | OilPrice.com
Oil companies are catching a lot of flack as prices remain firmly above $100 per barrel, but there’s a few details some finger-pointers may be overlooking
oilprice.com
This is further complicated because many companies aren't actually getting all the profit from prices. A lot of companies hedge their volumes. Many hedge books are currently at $65 and below so oil companies are writing huge checks.
Shale Producers Face $42 Billion In Hedging Losses | OilPrice.com
Upstream companies are reporting blockbuster earnings for Q1 2022, but hedging losses are dimming otherwise stellar earnings reports
oilprice.com
Bottom line, companies to make a lot of money at $100 and $7 natural gas. Companies don't set prices demand does. The entire reason that OPEC exists is to try and fix prices by controlling supply. US and western European companies are not part of a cartel they operate on the free market and therefore don't try and "fix" prices.
The us has has attempted to do this before but it never really worked.
There absolutely is a lack of availability that is exactly what's happening. This is why Biden released oil from the SPR.
The reason you aren't seeing rationing/ our stations being out of gas is because of the price. At $100 oil and $4 demand is eroded and therefore less oil is used. If say the president mandated that oil be sold for $65 a barrel, folks would increase their usage and we would quickly run out of gas.
Last edited by a moderator:
noharleyyet
Well-known member
So the simple answer is not Broseph's conscripted sloganeering, 'Cornpop's Fault'?You are confusing a product and a commodity
Commodities Versus Differentiated Products | Ag Decision Maker
www.extension.iastate.edu
This is a great article on the topic.
Is It Fair To Blame Oil Companies For High Prices? | OilPrice.com
Oil companies are catching a lot of flack as prices remain firmly above $100 per barrel, but there’s a few details some finger-pointers may be overlooking
This is further complicated because many companies aren't actually getting all the profit from prices. A lot of companies hedge their volumes. Many hedge books are currently at $65 and below so oil companies are writing huge checks.
Shale Producers Face $42 Billion In Hedging Losses | OilPrice.com
Upstream companies are reporting blockbuster earnings for Q1 2022, but hedging losses are dimming otherwise stellar earnings reports
Bottom line, companies to make a lot of money at $100 and $7 natural gas. Companies don't set prices demand does. The entire reason that OPEC exists is to try and fix prices by controlling supply. US and western European companies are not part of a cartel they operate on the free market and therefore don't try and "fix" prices.
The us has has attempted to do this before but it never really worked.
There absolutely is a lack of availability that is exactly what's happening. This is why Biden released oil from the SPR.
The reason you aren't seeing rationing/ our stations being out of gas is because of the price. At $100 oil and $4 demand is eroded and therefore less oil is used. If say the president mandated that oil be sold for $65 a barrel, folks would increase their usage and we would quickly run out of gas.
View attachment 221501
You are confusing a product and a commodity
Commodities Versus Differentiated Products | Ag Decision Maker
This is a great article on the topic.
Is It Fair To Blame Oil Companies For High Prices? | OilPrice.com
Oil companies are catching a lot of flack as prices remain firmly above $100 per barrel, but there’s a few details some finger-pointers may be overlooking
This is further complicated because many companies aren't actually getting all the profit from prices. A lot of companies hedge their volumes. Many hedge books are currently at $65 and below so oil companies are writing huge checks.
Shale Producers Face $42 Billion In Hedging Losses | OilPrice.com
Upstream companies are reporting blockbuster earnings for Q1 2022, but hedging losses are dimming otherwise stellar earnings reports
Bottom line, companies to make a lot of money at $100 and $7 natural gas. Companies don't set prices demand does. The entire reason that OPEC exists is to try and fix prices by controlling supply. US and western European companies are not part of a cartel they operate on the free market and therefore don't try and "fix" prices.
The us has has attempted to do this before but it never really worked.
There absolutely is a lack of availability that is exactly what's happening. This is why Biden released oil from the SPR.
The reason you aren't seeing rationing/ our stations being out of gas is because of the price. At $100 oil and $4 demand is eroded and therefore less oil is used. If say the president mandated that oil be sold for $65 a barrel, folks would increase their usage and we would quickly run out of gas.
View attachment 221501
D
Deleted member 28227
Guest
Amazon - Microeconomics For Dummies: Pepall, Lynne, Antonioni, Peter, Rashid, Manzur: 9781119184393: Books
Microeconomics For Dummies [Pepall, Lynne, Antonioni, Peter, Rashid, Manzur] on Amazon.com. *FREE* shipping on qualifying offers. Microeconomics For Dummies
www.amazon.com
FI460
Well-known member
$4.43 at Costco. I saw 5.something at Shell about a mile down the road.
Nick87
Well-known member
Yes we know.
Rob96
Active member
What happens when the OTR guys park their rigs because it is diminishing returns for them to continue hauling?
Already happening.
DouglasR
Well-known member
Fossil fuel forever
I’m no good at toeing lines.
Cool steel guitar in this one
I’m no good at toeing lines.
Cool steel guitar in this one
Huntin' Fool
Well-known member
The trend has been down for decades.
Howie
Well-known member
$4.49 today, diesel is over 6 bucks
