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Author Topic: Why the hell are gas prices so high?  (Read 2118 times)

Offline Samwise
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Why the hell are gas prices so high?
« Reply #15 on: August 17, 2005, 11:25:46 PM »
Get used to it. In 15 years you\'ll pay $15+ a gallon...

The oil new finds are getting smaller and smaller. Some of the biggest oil production rigs are over forty years old. There isn\'t much new oil to be found, but the demand is going UP UP UP because of improved standard of living in China for example.

Get used to it, because it sure as hell ain\'t gonna be cheaper from here on.

What I can\'t understand is why more nations don\'t experiment with the energi the earth can produce for you free of charge (solar, wind, wave etc.). Instead we opt for the scarse and polluting kind. Yay for mankind.
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Offline THX
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Why the hell are gas prices so high?
« Reply #16 on: August 17, 2005, 11:34:49 PM »
^


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Offline THX
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Why the hell are gas prices so high?
« Reply #17 on: August 18, 2005, 12:37:53 AM »
So looks like every forum I frequent has a gas rantig thread.  Someone posted this:
__________________

YOU THINK GASOLINE IS EXPENSIVE?

Substance Usual size and Cost Per Gallon
Diet Snapple 16oz for $ 1.29 $ 10.32 per gallon
Lipton Ice Tea 16oz for $ 1.19 $ 9.52 per gallon
Gatorade 20oz for $ 1.59 $ 10.17 per gallon
Ocean Spray 16oz for $ 1.25 $ 10.00 per gallon
Pint of milk 16oz for $ 1.59 $ 12.72 per gallon
STP Brake Fluid 12oz for $ 3.15 $ 33.60 per gallon
Vick’s Nyquil 6oz for $ 8.35 $ 178.13 per gallon
Pepto Bismol 4oz for $ 3.85 $ 123.20 per gallon
Wite Out .7oz for $ 1.39 $ 254.18 per gallon
Scope 1.5 oz for $ 0.99 $ 84.48 per gallon

And this is the REAL KICKER:

Evian water 9oz for $ 1.49 = $ 21.19 per gallon $ 21.19 FOR WATER!!

So next time you’re at the pump, be glad your car doesn’t run on Nyquil, or Scope, or Wite Out!!!!
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\"i thought america alreay had been in the usa??? i know it was in australia and stuff.\" -koppy *MEMBER KOPKING FANCLUB*
\"I thought japaneses where less idiot than americans....\" -Adan
\"When we can press a button to transport our poops from our colon to the toilet, I\'ll be impressed.\" -Gman

Offline Paul2

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Why the hell are gas prices so high?
« Reply #18 on: August 18, 2005, 01:10:30 AM »
^^^
interesting.
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Offline GmanJoe

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Why the hell are gas prices so high?
« Reply #19 on: August 18, 2005, 04:15:29 AM »
The refineries in Texas were shut down for repairs coz of that recent hurricane that hit there this summer. This drove up the price a bit in the US. Venezuela, OPEC and other oil countries aren\'t sucking up enough oil coz most refineries around the world are maxed out at production, and reserving too much oil (coz of the refineries) causes prices to go down. That\'s just one answer.

Then there\'s the artificial inflation OPEC likes to impose. Also, demand still exceeds supply despite the price increase.
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Offline GigaShadow
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Why the hell are gas prices so high?
« Reply #20 on: August 18, 2005, 04:16:41 AM »
Quote
Originally posted by Viper_Fujax
why..because oil companies are greedy and they know they can charge all they want and the public will pay.



This isn\'t why gas prices are high.  Do you realize where most of the cost per gallon of gas goes?  It is federal taxes and has always been this way!  

Also Sammy brought up a good point - China.  Up until recently, North America, Europe, Japan and Australia have been the main consumers of oil, but now with a billion Chinese able to afford to drive they are creating a demand that is putting a strain on the  current supply.
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Offline Coredweller
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Why the hell are gas prices so high?
« Reply #21 on: August 18, 2005, 06:37:42 AM »
Quote
Originally posted by GigaShadow
This isn\'t why gas prices are high.  Do you realize where most of the cost per gallon of gas goes?  It is federal taxes and has always been this way!


Actually, according to the Dept of Energy, taxes do NOT make up the biggest portion of gasoline prices.

http://money.howstuffworks.com/gas-price2.htm

« Last Edit: August 19, 2005, 08:17:59 AM by Coredweller »
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Offline CHIZZY

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Why the hell are gas prices so high?
« Reply #22 on: August 18, 2005, 06:55:29 AM »
also, a refinery hasn\'t been built here since the the 1960\'s...
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Offline GigaShadow
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Why the hell are gas prices so high?
« Reply #23 on: August 18, 2005, 09:59:30 AM »
Quote
Originally posted by Coredweller
Actually, according to the Dept of Energy, taxes do NOT make up the biggest portion of gasoline prices.

http://money.howstuffworks.com/gas-price2.htm



Big deal, 43 percent vs 31 percent based on a 3 year old average.  Besides the oil itself its all taxes.  In any case OPEC is the force that sets the market as Gman said.
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Offline Coredweller
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Why the hell are gas prices so high?
« Reply #24 on: August 18, 2005, 10:16:01 AM »
Oh, sorry for the old data.  Here\'s the current breakdown.

The point is you were wrong.  :)

http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp

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Offline GmanJoe

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Why the hell are gas prices so high?
« Reply #25 on: August 18, 2005, 10:20:31 AM »
I think we should build an off shore oil rig in the Mediterrenean and siphon all the oil from the Middle East. We can use Cypress as a base for dirty oil and stuff. :p
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Offline GigaShadow
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Why the hell are gas prices so high?
« Reply #26 on: August 18, 2005, 10:50:02 AM »
Quote
Originally posted by Coredweller
Oh, sorry for the old data.  Here\'s the current breakdown.

The point is you were wrong.  :)

http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp



At least I don\'t pout and stop posting for days when I am proven wrong eh Core?

Meh... nothing personal just sick of government bureaucracy.
« Last Edit: August 18, 2005, 11:00:21 AM by GigaShadow »
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Offline Coredweller
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Why the hell are gas prices so high?
« Reply #27 on: August 18, 2005, 11:28:45 AM »
I was in the Sequoia National Forest for a week.  A post detailing my adventures will appear in OT as soon as I have my images and video organized.
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Offline THX
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Why the hell are gas prices so high?
« Reply #28 on: August 18, 2005, 01:32:58 PM »
Sounds cool, we need more travel posts.
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\"i thought america alreay had been in the usa??? i know it was in australia and stuff.\" -koppy *MEMBER KOPKING FANCLUB*
\"I thought japaneses where less idiot than americans....\" -Adan
\"When we can press a button to transport our poops from our colon to the toilet, I\'ll be impressed.\" -Gman
Offline Ghettomath
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Why the hell are gas prices so high?
« Reply #29 on: August 18, 2005, 04:15:24 PM »
Quote
Originally posted by GigaShadow

Meh... nothing personal just sick of government bureaucracy.


Whoa whoa whoa. That\'s liberal talk Giga. You sure you\'re okay?
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