All Oil Companies are Price Gouging.

[Byte 2.0]

I know this is a major disaster that is going to disrupt oil production, however, when local gas stations raise their prices 2 or 3 times aday which out getting a shipment of gas, they are price Gouging on the gas they got at a cheaper price.

The prices have not had time to reflex at the pump yet, as example when the price of barrel drops, it takes time for the fuel that was produced at a higher price to run out, but as this is, it takes no time for the price to go up.

I saw local gas stations change their price 2 and 3 times today, with out getting a shipment of gas. I ask one of the guys at the station I got gas at and he told me they had not got a shipment.

Last Night the price was 2.49 for the 87. This morning 2.69 per gallon, at lunch time 2.79. Now after work, 2.99 a gallon.

I talked to some gas stations in the state of IL at 3.31 a gallon for the cheapest.



http://money.cnn.com/2005/08/31/news...rices/?cnn=yes

4 dollars a gallon soon.

[enhanced08]

thats crazy! $4 a gallon???? i know i got up this morning and gas had jumped .20 over night. it was at $2.89, no tellin what it is now. the sad part about all this is that we, as consumers, can't do a thing about it! for most people driving isn't an option.

[HAL9000]

And ya know.. there are laws about price fixing, but when it's blatently obvious, nobody does a thing about it.

[tigstah]

2.89, 2.99 and 3.09 now.
who knows what tomorrow will bring.

[Tin]

$3.35 a gallon here it was $2.55 on the way to work yesterday morning, $3.00 on the way home yesterday, $3.15 on the way in this morning, and $3.35 on the way home tonight. damn price gougers.

[kosova]

Texas has about 1/4 of the whole worlds demand for oil. Instead of buying our oil why doesnt america use those reserves and help itself?!? Say america uses all of it in 10 years(im not sure how fast it could but bear with me)..by that time the congress should then put strict laws on car makers to go with hydro-electric aka hybrid cars totally..a complete on-switch from oil to electric

[fudtone]

Looks like someone will keep an eye on it.

http://abclocal.go.com/wls/news/0829...l_gov_gas.html

Funny thing is when fuel went through the roof in the 90's all I ever saw was the gov cracking down on a few private operations... never doing anything to the big companys.

[DonVito]

Wheres all this oil from Iraq?? I don't know if we're not getting it, or if there's some pretter greedy/dirty business going on.

[kosova]

Originally Posted by DonVito Wheres all this oil from Iraq?? I don't know if we're not getting it, or if there's some pretter greedy/dirty business going on.

lol not iraq, but we probably do get a share of iraq oil..i think its like 50% Arabian oil, the other 50% not sure..it could be..British, Russian, and some other countries in europe..

[jeofrey10100900]

right now, in canada, were paying 1.08 per liter!!!! BRING ON THE HORSES!!!
There's a news circulating that if you have diesel engine they could actually modify it to take vegetable oil.

[fudtone]

Originally Posted by jeofrey10100900 There's a news circulating that if you have diesel engine they could actually modify it to take vegetable oil.

Very true. You can use old oil from a fryer (think restaurant) I see them haul about 15 gallons a day out of the Micky Dee's down the road.

[kosova]

if only they could do something about that smell of the oil

[jeofrey10100900]

Originally Posted by fudtone Very true. You can use old oil from a fryer (think restaurant) I see them haul about 15 gallons a day out of the Micky Dee's down the road.

i believe it cost roughly $1500 but at any cost it's a good investment. it's clean and renewable.

[fudtone]

Ok I just found what I was looking for. My brother n law was telling me this but I never know if I can belive him (or this source for that matter)..

http://hubbert.mines.edu/news/Ivanhoe_00-1.pdf

Look at the chart on the second half of page 6 and read the caption that follows.

This makes me very sick...

Seventy-five percent of the
earth’s oil production and 90% of its oil reserves are in the hands of State-owned oil companies.

Don't let them tell you its China or Katrina... its gouging.

[Hi Ho]

There is a gas station in Seattle that went from $2.85 to $3.56 in four hours. How much more obvious can it get? The station owner said he would still lose $5,000 on that shipment of gas.

Around my house the prices were already high mainly due to the fact that the Arco station (always the cheapest buy at least 10-15 cents) is closed for remodelling. The other stations are taking advantage of the lack of competition.

[edfair]

One in NE Atlanta went from 2.69 to 3.99 today. I don't know how many steps to get there.
Doesn't help when the newspaper headline tells everybody that the pipelines are broken and we have about 10 days worth in storage.
I can imagine that most people will stop to fill up (if they can find a station) when their guage gets below 3/4. Definitely has created a supply shortage.
I don't know how much it will cost to replace the infrastructure but I know who will pay for it.

[colecifer]

All we need to do is organize a country wide boycott for one day, if nobody bought gas in a day think how badly they would freak out. Prices would drop dramatically, i'm up for it how about you guys?

[enhanced08]

i would be up for it if it would work. the hard part would be setting a date and getting everyone not to buy gas on that date. back when gas first started going up i got a number of email chain letters about this very thing and as far as i know people still got gas and prices still went up.

[Mac Medic]

Metro Atlanta had a panic buying spree today, Average price was about $3.50, the highest was a gas station in Stockbridge (just south of ATL) $5.87 gal! The governor signed a price gouging law this evening and promised to deal with those taking advantage of a bad situation. Then prices stablized at between $2.60 - $3.00. Crasy stuff.

[HAL9000]

What I don't understand are those that complain complain complain, but don't do anythign about it. Around my area, it's Shell that is first to put the prices up, last to put them down.... common sense says... boycott Shell.... but there are those you see on the TV reports that are suckered by the ads and convinced.. they have better gas there... well.. prob with that statement is that we have our own heavy oil upgrader here in Regina and it supplies ALL the gas for the Shell, Esso, Fast Gas, Co-op, and privately owned stations in Regina with the exception of Mowhawk which gets thiers trucked in because it is a ethenol blend not available at the refinery here.

Now to add to the stupidity, Shell had a press release that at 99 cents per litre, they claimed to be losing money and were forced to raise to 106 per litre... funny how they lose money, but the place affectionaltely known as "the cabbie joint" is selling for 92 cents and then you get a 4 cent per litre rebate when you pay.... so 88 cents... guess where I buy my gas?

[Jaggannath]

I just don't drive much anymore. Simple solution... there are buses

[HAL9000]

Not so simple here.... city workers are on strike.... no busses.. they get paid more than a cop does here and feel that they deserve the same percentages as police on their last increase....

[Alaron]

Same story here. Closest stations to me went from $2.69 last night to $3.09 this morning. One station had a line down the block when they hadn't changed from $2.49. It was up to $2.99 in a hour.

And I commute to school.

[Hi Ho]

What I don't understand are those that complain complain complain, but don't do anythign about it. Around my area, it's Shell that is first to put the prices up, last to put them down.... common sense says... boycott Shell.... but there are those you see on the TV reports that are suckered by the ads and convinced.. they have better gas there... well.. prob with that statement is that we have our own heavy oil upgrader here in Regina and it supplies ALL the gas for the Shell, Esso, Fast Gas, Co-op, and privately owned stations in Regina with the exception of Mowhawk which gets thiers trucked in because it is a ethenol blend not available at the refinery here.

I have friends that will not buy Arco gas no matter what. I was on a road trip with one of them and we were literally in the middle of nowhere (somewhere in Utah) and almost out of gas. We came up on a station but it was an Arco. He didn't stop. It was another 50 miles to the next station. Luckily it was a Chevron instead.

Gasoline is gasoline as far as I'm concerned. I've been running all of my vehicles mainly on arco gas since they were new because Arco is the cheapest 99.9% of the time. With a combined 1,067,000 miles on four vehicles and few problems I'd say my friend's logic is a little messed up. He's had a lot more problems with his vehicles than I have but that could be because they are Chevy's

[Byte 2.0]

All we need to do is organize a country wide boycott for one day, if nobody bought gas in a day think how badly they would freak out. Prices would drop dramatically, i'm up for it how about you guys?

Gas companies are not afraid of that, they know that most people would buy the day before and the day after so in the end they would get about the same about of sales.

However, I boycott the most expensive places which is SHELL.

Today I was about to get Exxon at these prices
2.80, 2.90, 3.00

while shell, 2 blocks away was 2.99, 3.19, 3.29

I got my wifes car, my car and my truck topped off.

The Exxon guy told me they had not had a shippment all day but they had been made to raise their price. So that was proof they raised the price of fuel they had brough at cheaper rates. and like I said before the Shell had raised prices like 3 times today.

[vinylfool]

Guess I'll throw my $3.19 per gallon US fuel into the fire. I see all the same petrol companies in Western Europe (BP, Shell etc) charging 1.25 or so per litre (litre bit more than a quart, remember?) why are we complaining when we've had it so underpriced (read undertaxed) so long. In this age of wanting total world "homogination" (sp?) why do we resist it now. Ride the Bus, ride a bike, doesn't seem to embarass the rest of the world.............

[Byte 2.0]

O yea and the price fixing is just in time for Labor day.

[Hi Ho]

Ride the Bus, ride a bike, doesn't seem to embarass the rest of the world.............

I can't ride a bike or a bus. There is bus service where I live but they come only twice a day. Once at 6 AM and once at 5 PM. The strangest people ride those busses. People that I would rather not be around.

Town (Shelton) is 12 miles away. A 15 minute drive. On a bike that would be a very long ride on a very hilly road. I simply have to buy the gas. Luckily my car gets 42 MPG on average so that helps a lot.

[Nuclear Krusader]

Originally Posted by HAL9000 Not so simple here.... city workers are on strike.... no busses.. they get paid more than a cop does here and feel that they deserve the same percentages as police on their last increase....

Don't get me started. The [insert your fav worst bad word here in plural] rejected the city's last offer which was a 5% increase, because they want the 6% and it's a matter of dignity. Dignity my tailbone! It's just a matter of childish pride that not only do I have to get my sucker but it has to be cherry flavour. Oh, and they were so mad because the mayor told them to "sober up," well, I woulda said worse.

[vinylfool]

Originally Posted by Hi Ho The strangest people ride those busses. People that I would rather not be around.

Indirectly proves my point. Any tram or bus in germany would scare you, worker bees in suits, mothers carrying groceries, youth with mohawks, older men in raincoats. Try it, you may make a friend.