interesting read on gas prices...

[bigriggs00]

This article takes an economics approach in explaining how gas prices aren't that bad relative to history. It includes a chart that shows gas prices adjusted for inflation and spending power during the years after the great depression.



http://www.cato.org/pub_display.php?pub_id=6440

[over55]

Intresting read.

[upondeez]

It is a good read. For me the price of gas in itself is not a huge deal. The reason it has become a huge deal is the effects of rising gas prices on everything we consume.

With the price of gas going up, that means any products that need to be shipped by trucks, airplanes or boats will go up.

Its the $3.50 per gallon of gas, along with the $3 per 18 pack of eggs, $4 per gallon of milk and all the effects from the high gas price.

if gas prices effected nothing at all except for gas then it really would not be that big of a deal. However it greatly effects many things we dont think about on a daily basis.

[TAZ]

I think that is a good point of view. It's hard to adjust to though when you have lived through the late 90's and buying fuel during that time. I do know that incomes have gone up and most households consist of two incomes. Europe's gas prices are far higher than ours.

Now what does piss me off is that despite that justification for the pricing increase. Exxon records the largest profit ever for a US based company.....

NEW YORK (CNNMoney.com) -- Exxon Mobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company

Exxon also set an annual profit record by earning $40.61 billion last year - or nearly $1,300 per second in 2007. That exceeded its previous record of $39.5 billion in 2006

http://money.cnn.com/2008/02/01/news...xxon_earnings/

So while everything goes up in costs it would appear that the oil companies are guilty as hell for price gouging.

-TAZ

[ripsid]

Originally Posted by TAZ

So while everything goes up in costs it would appear that the oil companies are guilty as hell for price gouging.

-TAZ

Taz 2 weekends ago, my gas station had for like 3 days in a row including sat and sunday atleast 3 increases a day! Gas went up about .50 + in a 2 week period. BS! The gas companies are reporting HUGE HUGE HUGE profits and that F*ker in Washington (who's an oil guy himself) has done nothing! BS!

They can't pull 500billion in profits and say they're not gouging! WTF

SiD

[H Bomb]

thats bc bush's campain came from the oil companies so he lets them get away with just like if clinton wins where fucked when it comes to gas, she can cry all she wants but end of the day we are gonna be the only ones cryin, fuckin fake ass bitch

[ripsid]

Hbomb, don't bring her up she make me angrier than GW! F*k her! She'll ruin this country if she gets elected! IMO...

For the record, I'm not a Rep or Dem! I'm a SiD! Who's going to f*k me the least!

SiD

[Growinboy]

Freakin politics... Youre right sid... Last couple elections have you just picking the lesser of two evils... Its to the point now where I cant stand any candidate- and refuse to vote for anyone...

Back to gas- prices should be up- somewhat- not to where theyre at now... and my 4X4 gets 11 mpg!!! Glad I have a work car...

[bigriggs00]

Originally Posted by TAZ

I think that is a good point of view. It's hard to adjust to though when you have lived through the late 90's and buying fuel during that time. I do know that incomes have gone up and most households consist of two incomes. Europe's gas prices are far higher than ours.

Now what does piss me off is that despite that justification for the pricing increase. Exxon records the largest profit ever for a US based company.....





http://money.cnn.com/2008/02/01/news...xxon_earnings/

So while everything goes up in costs it would appear that the oil companies are guilty as hell for price gouging.

-TAZ

If its any consolation, Exxon Mobil is mostly owned by investment firms in mutual funds. Inside ownership is below 1% so the old idea of "oil tycoons" is out the window....I guess you could make the argument that the CEO is the oil tycoon but that is another thread.

That's right, upon retirement grandad will be using these dividends to buy himself a new EZ-Go wheelchair. There is a moderate level of private ownership within the individual investor sector. On the bright side, these "huge dividends" are padding portfolios in this time of recession. If you have ownership of stocks in mutual funds, it is likely you have received some of the dividends.

[H Bomb]

sorry i was on a rant bc i just filled up an hour bf posting and it costs me $130 bucks!!! grrrrrr

[thunder]

Bush needs to make his money before he leaves office.

[bigriggs00]

Originally Posted by H Bomb

sorry i was on a rant bc i just filled up an hour bf posting and it costs me $130 bucks!!! grrrrrr

Hummer? Ford F350?

[mr.nitro]

their are no new refinerys being built. thats the key. not the answer though. that and we need to tap our natural resorces in alaska. exon/mobile are free to charge what they want for fuel. it sucks but they have that right.