Ah, you noticed. But you also notice that the oil companies got you by the jewelery...because they can. Besides that, there is no excess oil around(I mean excess refined fuel-be it gas,jet fuel,diesel,kerosene, and a host of other grades of fuel). You see there is only so much storage capacity. And they continually refine more oil. So the gas prices go down to reduce the excess. Every car is carrying a storage (fuel)tank on their car.
Well, nowadays that excess is bought by other countries who are developing their transportation system(India and China) Oil is auctioned off on the world market to the highest bidder. So, they are willing to pay and the price stays up. Supply demand scenario.If oil is $38 a barrel, why is the pump price so high?
Because of the situation in Gaza. OPEC cuts the supply tighter with every missle dropped in Palestine. The more we support the Jews the higher the price of oil. Hell even if we did still support them stop sending them so much money and give it to the American people to help pay for utilities. With all the moeny we've given Israel every jew should be a millionaire (or at least high 6 figures).
It is easy to be angry about this, and we have every right to be, but the answer is complex and involved. First, crude oil is priced in US dollars, which have lost a lot of value over the past several years. This accounts for much of this disparity. Greed, fear, and uncertainty, also rear their ugly heads. The war in the Gaza strip has been blamed for the recent run-up. Since there is no oil in Israel or Palestine, I personally attribute this to fear and greed. Until we again have confidence in the integrity of our governing institutions, corporate institutions, and elected officials, expect more volatility.
it depends what kind of gas your car uses. one barrel of oil contains 55 gallons of oil. that oil is crude and needs to be refined which costs money. then the people make all of the different gasses out of the refined oil. like premium Diesel and unleaded to name a few. the end product is probably only like 25 gallons of gas at most. to make any profit out of 25 gallons of gas you need to consider you are paying 38 dollars for 25 gallons of gas and at 1 dollar a gallon you only get 25 dollars back. you would need to add an extra 25-30 cents to make any real profit.
-good luck with answers
I've given completely up on trying to figure out fuel price levels.
The pundits all cry ';commodity'; and ';speculation'; and ';supply and demand'; and all of the other BS while the schmucks at big oil slip off into the shadows with their briefcases full of cash.
my friend you are in the world of continual demand! they demand more and we the lemmings must anti up! does it really feel good that 6 months ago we paid around $4 a gallon now like morons we were happy with the $1.89 we paid noe when the year before we paid around $1.49? that surly must make scenes if you give it a logical look at this pack of wolves!(no offense to the wolf they rule!)
it has nothing to do with how much the barrel costs or how much oil we can get. the gov. decides when they want it to be low and when they want it to be high.
No comments:
Post a Comment