Gas prices?

Question

Demand for gasoline has been down this quarter, is there any possible way we can see up to a 50 cents on the gallon decrease in the price of gasoline at the pump? Maybe we can tap into those federal oil reserves just a little to give some much needed relief. No its not where people would want it to be, but it would show that the government is feeling the bite of soaring gas prices as everyone else is.

Answer 1

The thing about the current gas prices is, if the fed were to open up the reserves and allow US refineries to operate at full capacity, the oil companies would want to increase the price of fuel to pay the salaries of thier execs.

The futures market plays a large role in what we pay for gas these days. For instance, "there is trouble in the middle-east, the Arabs want more money to fund terrorists, lets jack the price of oil to $75.00 a barrel and make the non arab countries pay out the nose."

We are already using the oil we have here in the US, to support other countries, instead of using right here in the US. Which makes us dependent on Arab oil to supply our needs. But then again, Arabia is buying oil from Argentina and Brazil to supply their needs. Go Figure!

As long as the current administration is in power here in the US, Do not expect the worlds oil prices to fall. in this case, the people get screwed, big oil companies and governments win with substantial dividends and income.

Here is a little known fact, if the US were to cut off supplying oil to Asia and Central America, there would be a significant enough of a surplus to last the US for the next 1500 Years. Unfortunately, cutting off oil supplies to Asia in the late 1930's is what brought Japan to the breaking point, and brought the US into WWII in 1941.

Do we cut off our nose dispite our face? In this instance, Yes. Then shut down our boarders, close our sea lanes, restrict all import/export from/to Arab, and communist countries.

This will not only bring down our oil prices, but allow us to live independently from other nations.

Rough? Yes. But it will make other countries think long and hard about who is making up thier economies. And it will save us $.50 at the gas pumps.

Answer 2

You are lucky. In the UK gasoline is currently at an equivalent price of about $8.50 - $9.00 per US gallon. And now that BP have shut off a major pipeling in Alaska, the price goes up again. Not that those wonderfully generous oil companies are deliberately screwing us over or anything. Perish the thought. It still only costs about $20.00 per barrel to extract and refine the stuff.

There is currently an artificially created shortage to boost the profits and create obscene bonuses.

Answer 3

No hurricanes this year, so they are shutting down the Alaska pipe line for maintenance..So there's another 50 cent hike. The government isn't going to do anything about it.. they are allowing it...(kickbacks)

Answer 4

What do you pay for gas? here it's $115.9 a liter, which is $4.63 a gallon.

Answer 5

$0.75 a gallon in taxes , let's start there!
Call your congressman

Answer 6

I like your idea but probably not.

Answer 7

ZIP IT GAS IS ALREADY IN MY NIGHTMARES.