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randye
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MAR 14, 02:49 AM
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fierosound
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MAR 14, 10:00 AM
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USFiero
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APR 22, 12:06 AM
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Of course the 'Putin Price Hike' is total BS.
The current administration is making noises like they will go back to issuing gas and oil leases but it doesn't appear to be actually happening.
The solution? Letting 15% Ethanol become a year-round percentage nationwide.
Only problem is that ethanol comes from corn, and in case no one noticed the dotard in the Oval Office has already pronounced food shortages are on the way.
No solutions, just dumb $h!+ hot air from the mushmouth.
Reg gas is easing this week, down from low $3.80's to mid $3.60's.[This message has been edited by USFiero (edited 04-22-2022).]
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jdv
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APR 22, 02:32 PM
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In north central Florida 4.19 off I-75
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USFiero
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MAY 18, 09:11 AM
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Read that stations in Washington state are reconfiguring their pumps to charge over $10/gallon.
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rinselberg
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MAY 23, 10:12 PM
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"High Gas Prices Are a Problem. But Let’s Not Moralize About It."
Peter Coy for the New York Times; May 23, 2022.
https://www.nytimes.com/202...s-price-gouging.html
Peter Coy is the economics editor for Bloomberg Businessweek.
Maybe(?) available as a "freebie", even without a subscription to the New York Times online.
EXCERPT
| quote | ... refiners have little to no control in the short term over the prices they get for the products they make. In the language of antitrust, refiners are “price takers,” not “price setters.”
Refined products such as gasoline and diesel are pure commodities: standardized, storable, easily tradable and produced by thousands of competitors in a global market. A company that tried to charge a dime more than its competitors would quickly lose customers. |
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EXCERPT
| quote | President Biden, frustrated by high inflation, is threatening oil producers and refiners with federal investigations over their pricing practices. In November, even before prices really took off, he asked the Federal Trade Commission to look for evidence of gouging. He wrote to the commission’s chair, Lina Khan, “I do not accept hard-working Americans paying more for gas because of anti-competitive or otherwise potentially illegal conduct.”
But forcing refiners to accept lower prices for their products would only create shortages. The demand for gasoline, diesel, jet fuel and other refined products at the artificially low price would be greater than the supply, a recipe for chaos. Lawrence Summers of Harvard, who served as Treasury secretary in the Clinton administration, told Bloomberg Television this month, “The ‘price gouging at the pump’ stuff, the more general price gouging stuff, is to economic science what President Trump’s remarks about disinfectant in your veins was to medical science.” |
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A "helluva read."[This message has been edited by rinselberg (edited 05-23-2022).]
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Fats
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MAY 23, 10:30 PM
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So the Federal Trade Commission has been looking for signs of price gouging, specifically with anything fuel-related since November, and hasn't found anything.
How do we know they haven't found anything? Because it would be national news and publicized court cases with the Government proudly walking the accused through the streets in handcuffs to show everyone that it wasn't their fault.
So... Logic (This is a hard thing for our Leftie members to understand) tells us that there is no price gouging happening, and further, that the rise in prices is from a source outside of the control of the fuel supply, from the people pumping the oil, transporting it, refining it, and selling it.
If it was something anyone inside the realm of fuel could manipulate, the Government would already have them sitting in a cell.
After all, they have been watching for something... Anything since November.
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MidEngineManiac
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MAY 23, 11:04 PM
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For 2 years the governments (of the entire globe) made it as difficult and expensive as possible to produce anything, and in some cases totally impossible, and they want to go looking for a scape-goat over rising prices ?
Simple free market at work. They caused one hell of a shortage that wasn't noticed because everybody was locked-down and not using "stuff", and then once life returns to semi-normal and demand for "stuff" returns there are shortages and prices skyrocket.
Surprise, surprise.
If they want to know the cause, grab a mirror.
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WonderBoy
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MAY 24, 12:12 AM
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A "helluva admission..."
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USFiero
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MAY 26, 12:46 PM
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Much - if not most of gas prices aren't a product of 'on hand' supplies.
As it was covered pages (and years) ago in this thread speculators - who establish prices on projections are who/what establish prices.
Policy regarding future licences absolutely determines pricing. No one is languishing about the oil rig lot waiting to rush out, drop a drill and start pumping gasoline.
Mix international politics in and the problem is aggravated. America needs to drive the energy sector not withdraw from the field.
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