Gas Prices are rising, people are still behind the wheel and buying gas, what does this say to gas companies??

Question

what do you think the gas companies are thinking of when they see the demand for gas is so high? tell me what you think thank you for your answers

Answer 1

My opinion:

People have to get to work. We have to heat/cool our home, we need electricity/gas to cook.

The world has changed to "make life easier" for us and coerced us into needing these things. It is almost impossible now to live without it. Unfortunately, they can make all the fuel efficient, energy efficient homes, cars they want. The problem is, they are expensive and the average household income, is already maxed out in credit card payments and to be able to trade in the current car you drive and get a hybrid is slim to none. I know I can't afford one.
Then our homes, the cost to have a company come in and give you solar panels and solar this, is expensive, our insurance doesn't pay for that so we are screwed.

Gas companies, electric companies no the people have to have these things and we won't stop or cut back because we are accustomed to it.

Answer 2

Well of course people are still going to buy gas, even though we don't like the price it is going up to and all! Everyone has to have a car to go to work or school, even buses and taxi's run on gas! Plus when gas prices go up then so does the price to take a bus or taxi to work, cause we are then paying for there gas! There is no other choice for people to buy gas we have to get around some how! I do agree the gas companies are feeding off of it, and loving that they are having more money going into there companies! Really there is nothing we can do about it, until they decide to drop the prices again! This go's on every summer then towards the end they drop the prices down.

Answer 3

I think that the prices keep going up because people keep buying. They will stop when they actually start losing money and leave it were they get the best money. It would be nice if we stop buying gas and let them think we can't afford the prices, even if we could. I like to keep my money. I'm lower middle class and the truth is I can cut back on a few things and still pay 5 dollars a gallon comfortably. I know it isn't true for everyone. People are already starting to struggle and my friend was recently laid off. I think we need to stop being so spoiled and addictive to gas and take a break. It will not stop as long as they are still bringing in profits. Let them lose money for a little bit.

Answer 4

Because there isn't one "gas company" - - in all likelihood the gasoline in your car right now was sold to you by a retailer, brought to the station by a jobber, sold to the station by a wholesaler, brought to the wholesaler by a pipeline or barge company, sold to the wholesaler by a refiner, who bought the crude from an E+P company or marketer, and none of those companies are related.

I still say natural gas drillers have the most upside in the energy sector right now although I admit I was probably wrong about BRNC being the best on the land side. I own about $2500 worth of BRNC, not a whole lot, but for disclosure I own it, bought it $1 below where it is now and got greedy, I should have sold at $19 and then bought it back after earnings. But tho a laggard it be I still think the rising tide lifts all boats in that sector, and instead of selling it I will be buying other drillers.

Answer 5

Unfortunately, this tells the gas companies that they've got us right where they want us! This will allow the gas companies to continue to exploit the public.

While some people can cut back on their gasoline usage by carpooling or taking public transportation, others (for example, people who live in rural areas and commute long distances to work) cannot! I am in the latter category, living in a rural type of area, commuting 30 miles to work each day, unable to car pool (no one I work with lives near me), and very limited public transportation in my area. I don't have a lot of choice in the matter (I am looking for a closer job, but until I find one, the bills still need to be paid!).

When gas companies see that they are going to profit from people who must fill their gas tanks regularly and often, they will not care to change their practices. They are making a huge profit by exploiting people who must use their products(especially people in my situation!).

We need to have affordable technology that will allow us to become less dependent on fossil feuls (i.e. - electric cars and the like). But as long as the big gas companies are making such a profit, they will be more motivated to keep things just the way they are rather than researching new environmentally friendly modes of transportation.

Answer 6

well to be honest I think they know that lots of people still need to drive there cars due to were they live and car pooling is not always an option so the gas company's still get what they want which is money and we need to as a people stop giving in to the largest and the latest SUV's that are out there even some of the small ones still are just as hungry for gas as the large ones we need to demand other options and we need to see that people can still make money on non gas vehicles.

Answer 7

Well, if it was some little fat guy behind a desk in a dark room, he would probably give his evil laugh.

But it's not. Fuel is a world commodity. With the development of countries that we had once considered "Third World" we now see an increase in our fuel prices. China is reaching our consumption rate at blinding speed and at least 30 other countries have entered the bid for fuel in the last ten years. With the demand rising, so goes our price.

Hell, Gore is trying to hold back Africa on it's development because of his "Global Warming" scam. Yea...a nice guy.

It's all about economics....nothing more.

Answer 8

Maslow lists certain things we can't live without at the lowest levels- food, shelter, security, clothing. But he missed gasoline, telephones, electricity, natural gas, propane, fuel oil, cars, diesel fuel, and Starbuck's. The providers of each of these (to include food) can charge any price they wish, and we'll still buy the products because they are so integral to our lives that we couldn't live without them. Fortunately, food vendors are in a constant battle to win our business and haven't colluded to all raise the price of milk to $10 a gallon. If they did, we'd have to pay their price because our kids need milk. Somehow the oil industry is allowed to be in collusion with itself as evidenced by there never being a "big sale, this weekend only!!", the price from one gas station to the next is never different by more than one or two cents on three dollars, and I've never seen an ad run in the paper announcing a big gasoline sale. They've got us by the you know what, they know we need their product to get to work, take the kids to school, and so on, and they know we'll pay any price to not have to change our lifestyles. Face it, we the consumer are in no position to influence the price of gas, especially in light of the fact that if we don't buy it here in the States, there are plenty of other countries who will buy what we don't. It appears to be a no win situation. And when the next new fuel source is finally developed, it won't be different. We'll pay any price for that fuel, too, so we can continue to drive our cars.

Answer 9

I personally can say that my demand is not higher. But it has not been higher for years.

I think that demand equals need, currently, and that every little bit of gas we don't use equals a lowered demand.

But capitalism is all about supply and demand. I am not for government involvement until we see price gouging, and I think the gas companies know how far they can push it.

Answer 10

People NEED to buy gas. Not everyone lives in NYC where they can take the subway. I live in a suburb where there is no public transportation. The only way I can from A to B is drive.
I do think I'm more aware for where I'm going, I make smarter choices. But I have to buy the gas.