General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI posted the other day about gas by me going
from 4.85 to 5.50 per gallon overnight. Now about a week later just went up this afternoon to 5.89 per gallon. That's 1.00 dollars a gallon in a couple of weeks. Now have we gone to war somewhere I don't know about ? Have all the refineries in America shut down ? What the ever loving fuck is going on ? How can they get away with this ? Is anyone going to stop this outright gouging ?
FoxNewsSucks
(10,429 posts)What are we gonna do, go to the station across the street? They're just as high.
They do it because they can.
Dave says
(4,616 posts)Time to break up some of these companies. Well past time to end their opulent tax breaks. Now!
bucolic_frolic
(43,146 posts)Response to bucolic_frolic (Reply #2)
Chin music This message was self-deleted by its author.
Novara
(5,841 posts)... that would have made them stop gouging the public.
Blame the greedy oil companies and the republicans who've been bought by the greedy oil companies.
I am kicking myself for not filling up Monday, when it was less than it is now.
inthewind21
(4,616 posts)do you suggest? No, all the refineries have not shut down. No we have not gone to war anywhere. What is going on, capitalism run amok. Isn't it glorious! Know how to lower the price of gas? Stop using it. Supply and demand.
kairos12
(12,858 posts)Petro companies would claim a refinery "emergency" and tighten the supplies. Or a broken pipeline. Or martians landed. Whatever.
Petro thieves.
Bayard
(22,062 posts)"The US government has subsidized coal, oil, and gas for decades, despite the fact that a majority of voters want to end fossil fuel subsidies. Currently, experts estimate that direct subsidies to the fossil fuel industry total around $20 billion every year, $15 billion of that from the federal government. Indirect subsidies policies that arent targeted at fossil fuel corporations specifically but still benefit them total a whopping $649 billion per year in the US alone."
https://www.greenpeace.org/usa/fighting-climate-chaos/everything-you-need-to-know-about-fossil-fuel-subsidies/
Beachnutt
(7,320 posts)and flip off the oil companies...
Response to Beachnutt (Reply #7)
Chin music This message was self-deleted by its author.
Meadowoak
(5,545 posts)The money you would have spent on gas. And don't forget the tax credit for buying an EV.
Response to Meadowoak (Reply #19)
Chin music This message was self-deleted by its author.
ripcord
(5,372 posts)The lady said the government should know all about price gouging since we are paying $1.18 cents a gallon in taxes.
maxsolomon
(33,327 posts)Gas Taxes subsidize driving.
TheRealNorth
(9,478 posts)In a market where the price point is being driven by scarcity, the price is going to be the whatever price point that the supply vs demand curve meets.
Cutting the gas tax will only increase the oil companies' profits.
PXR-5
(522 posts)approved drilling permits, so why aren't they Drill Baby Drilling?
Hey at least the oil company stocks are surging!
maxsolomon
(33,327 posts)reformulated gasoline before oxygenate blending. It is trading at $4.04/gallon today.
Old article, but here is the crux:
Over the past several years, the realized U.S. regular gasoline retail price (the pump price) averaged about 70 cents per gallon higher than the RBOB futures contract price.
https://www.eurasiareview.com/12052011-relationship-between-retail-gas-prices-and-nymex-rbob-futures-analysis/#:~:text=Because%20this%20is%20a%20physically,the%20RBOB%20futures%20contract%20price.
in2herbs
(2,945 posts)federal gas tax by $0.18/gallon. This made me mad! That reduction means the income of the fed govt will go down but not the income of the corporations -- the one's who are gouging us at the pumps.
The burden of making up the deficit will fall to the middle and lower class to make up for the deficit caused by the reduction/suspension in federal gas taxes.
beaglelover
(3,469 posts)Glad I got a Tesla in 2020. But I do feel very badly for those who are living paycheck to paycheck trying to survive in today's economy.
Just A Box Of Rain
(5,104 posts)I'd really suggest you become more informed as we are facing the greatest challenge to world order since WWII and we need to help defeat Putin.
There are people making much greater sacrifices than we are.
kacekwl
(7,016 posts)read my post. If you still want to reply the way you did then fine. What you said has absolutely nothing to do with the original post.
Just A Box Of Rain
(5,104 posts)And then never acknowledged the role of Vladimir Putin's genocidal war on Ukraine, which is where the blame lies.
Instead you pass rising gas prices off as an example of price gouging.
This is on Putin. We should be clear about that.