08-05-2008, 08:52 PM | #1 |
Senior Member
Join Date: Nov 2007
Posts: 2,326
|
So let's see.....crude oil goes down
18% in the last 2 weeks, as does demand. But the price of gas remains (at least in Utah) at around it's peak? You supply/demand nutz, still believe it's supply/demand or crude oil prices that is driving the cost at the fuel pump?
|
08-05-2008, 09:05 PM | #2 | |
Senior Member
Join Date: Jan 2006
Posts: 5,084
|
Quote:
Perhaps you didn't notice when prices shot up above $4 nationally they were for a time lower than $4 here in Utah. I don't know how to explain that or the current situation. However, to test any economic formula, I get a lot bigger sample size than the state of Utah. |
|
08-05-2008, 09:12 PM | #3 | |
Recruiting Coordinator/Bosom Inspector
Join Date: Jan 2006
Posts: 3,412
|
Quote:
__________________
She had a psychiatrist who said because I didn't trust the water system, the school system, the government, I was paranoid," he said. "I had a psychiatrist who said her psychiatrist was stupid." |
|
08-05-2008, 09:13 PM | #4 |
Senior Member
Join Date: Jul 2007
Location: North Central God's Country
Posts: 1,534
|
You do realize that the gas at the station was refined some time ago under the higher per barrel price? And that the gas station paid a higher price for that particular gas because the price of the oil from whence it came was higher? And that the cheaper gas made from the cheaper oil we have today will eventually make it's way to the gas station with the resultant lower price passed on for you to bitch about?
__________________
I see a hobo. And when I see the hobo, I think to myself, "This man is poor. His monetary value is low, and my monetary value is high, and it's a shame that he is himself. What can I do?" |
08-05-2008, 09:14 PM | #5 | |
I must not tell lies
Join Date: Aug 2005
Posts: 5,103
|
Quote:
Meanwhile, the crude prices you read about are based on speculations and futures. It takes time for that price to go from the pipeline to the refinery to your friendly neighborhood gas station. |
|
08-05-2008, 09:25 PM | #6 |
Senior Member
Join Date: Jan 2006
Posts: 5,084
|
|
08-05-2008, 11:14 PM | #7 | |
Senior Member
Join Date: Nov 2007
Posts: 2,326
|
So......why do gas prices go up faster
Quote:
|
|
08-05-2008, 11:17 PM | #8 | |
Senior Member
Join Date: Nov 2007
Posts: 2,326
|
Let me take a stab at your question.
Quote:
|
|
08-06-2008, 12:21 AM | #9 | |
Board Pinhead
Join Date: Jan 2006
Location: In the basement of my house, Murray, Utah.
Posts: 15,941
|
Quote:
You really are clueless, aren't you?
__________________
"The beauty of baseball is not having to explain it." - Chuck Shriver "This is now the joke that stupid people laugh at." - Christopher Hitchens on IQ jokes about GWB. |
|
08-06-2008, 12:30 AM | #10 |
Senior Member
Join Date: Aug 2005
Location: The Bluth Home
Posts: 3,877
|
Exute is right for once. I was listening to a broadcast a few days ago about AAA's most recent report that during the period when crude prices fell 15% pump prices only fell 3% nationally. They take the position that while prices eventually come down, station owners will wait a week or so before passing the savings on to the consumer where as they will raise prices immediately when demand or prices increase. It also seems that stations near one another almost invariable refrain from competing with each other, but rather collude so that they all profit.
I think it is a legitimate question to ask whether this is an industry where the market principles that make most things work are actually in operation. It seems like there are many anticompetitive practices being utilized. If this is so, it ought not be. EDIT: Here is the article they were talking about. http://www.nypost.com/seven/08032008...ump_122827.htm
__________________
The Bible tells us how to go to heaven, not how the heavens go. -Galileo Last edited by UtahDan; 08-06-2008 at 12:39 AM. |
Bookmarks |
|
|