Gas prices jump again
#1
05-13-2008, 01:15 PM
Join Date: Jun 2007
Posts: 1,152
Likes: 0
Received 0 Likes
on
0 Posts
#2
05-13-2008, 01:17 PM
#3
05-13-2008, 02:00 PM
#5
05-13-2008, 02:25 PM
Join Date: Feb 2005
Location: Columbus, Ohio
Posts: 63
Likes: 0
Received 0 Likes
on
0 Posts
RE: Gas prices jump again
i know what you all mean. it is ridiculous how much gas prices have gone up in the last year and half...and we thought it was crazy then! on the news last week, they were talking about if oil prices shoot up to around $200 in a few years, we will see gas prices around $8-$10 a gallon! if the government can put price caps on everything else, why can't they do anything with gas prices? what's crazy to me is that you can go fill up one day at one price, and the next day it is 25 cents more...and you know they did not buy the gas in those tanks for the higher price, esp when they did not refill em since then! just my thoughts.
#6
05-13-2008, 02:30 PM
Join Date: Jun 2007
Posts: 1,152
Likes: 0
Received 0 Likes
on
0 Posts
RE: Gas prices jump again
Price caps don't work on gas because the refineries wouldn't make any money so they wouldn't produce as much. One problem we are having is that the refineries are producing less today than they were at this time last year. (as reported by Exxon mobile in their Q1 statement) What we need to do is allow drilling in Alaska and off Florida. The reserves alone in Alaska would supply us with over a million barrels a day. It may take some time to drill and get the crude to market, but it's not going back to $.99 in 6 months. At least now they are extracting from Shale in the Dakotas and in Colorado. That was something that wasn't being done at $40 a barrel.
#8
05-13-2008, 02:56 PM
Senior Member
Join Date: Aug 2006
Location: Los Angeles, CA
Posts: 1,588
Likes: 0
Received 0 Likes
on
0 Posts
#9
05-13-2008, 03:16 PM
