Amen. This is what I alluded to in the post above yours.
2.99
Thread Starter
Team Owner
Joined: Dec 2003
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From: When all is said and done... there is a hell of a lot more said than done. Riverside,Texas
St. Jude Donor '05 thru '26
2.99
Bought a little 93 octane for the C6 this morning. So does this give a knock in the head to the theory that "big oil" controls gas prices or is it really supply and demand?
Drifting
Joined: May 2007
Posts: 1,407
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From: Canton/Detroit Michigan
People will believe what they want. Of course big oil can influence, as can any other company out there. However, they can only do that to a certain extent unless it is a true monopoly and they are completely unregulated.
Team Owner
Joined: Jan 2007
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From: In the woods looking for my thrown putter.
St. Jude Donor '13, '15
I paid 3.15 for regular this morning in Houston.
By the way, you think the demand for gas and oil has suddenly "dropped" by 40 percent? Do you know one single person that is using 40% less gas now than a year ago?
Truth is oil prices are not controlled by oil companies or supply and demand.
Le Mans Master
Joined: Aug 2008
Posts: 5,578
Likes: 61
From: Austin TX
Easy speculation seems to have the biggest effect on pricing. No way has demand or supply fluctuated to the degree that would cause these wild price swings.
Team Owner
Joined: Jan 2007
Posts: 22,136
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From: In the woods looking for my thrown putter.
St. Jude Donor '13, '15
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Safety Car
Joined: Dec 2007
Posts: 4,247
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From: Austin TX
I haven't seen sunoco 94 in decades... there used to be no sunocos west of the mississippi. at least none in texas! do they still carry the GT plus 100 octane right at the pump? and do the pumps still have that rotary dial on them? 
Le Mans Master
Joined: Aug 2005
Posts: 6,709
Likes: 1
From: Pacific Northwest
St. Jude Donor '06
I paid 3.15 for regular this morning in Houston.
By the way, you think the demand for gas and oil has suddenly "dropped" by 40 percent? Do you know one single person that is using 40% less gas now than a year ago?
Truth is oil prices are not controlled by oil companies or supply and demand.
By the way, you think the demand for gas and oil has suddenly "dropped" by 40 percent? Do you know one single person that is using 40% less gas now than a year ago?
Truth is oil prices are not controlled by oil companies or supply and demand.
Truth is, IMHO, that gas and oil prices are influenced by supply, demand, oil companies, OPEC, speculators, market psychology, refinery capacity (and I've probably missed some).
Last edited by C-INRED; Oct 10, 2008 at 01:58 PM.
Burning Brakes
Joined: Dec 2004
Posts: 810
Likes: 1
From: Turbocharged in NC
At this point, I'm beginning to think there is no longer a connection between the oil barrel price and gasoline price.
Here in Cary, North Carolina, 93 octane is still $3.99 per gallon, and that is not a typo.
How can oil only be $80 per barrel, and gasoline prices haven't budged downward hardly at all here.
I go to the pump and there is always gas, so no shortages, just high prices, do we just drive more than anyone else in the country?
Here in Cary, North Carolina, 93 octane is still $3.99 per gallon, and that is not a typo.
How can oil only be $80 per barrel, and gasoline prices haven't budged downward hardly at all here.
I go to the pump and there is always gas, so no shortages, just high prices, do we just drive more than anyone else in the country?
Le Mans Master
Joined: May 2005
Posts: 6,656
Likes: 823
From: FORT LAUDERDALE FL
i'm using about 70% less now since closing my office last year and "semi" retiring. my business required alot of driving.
Le Mans Master
Joined: Aug 2005
Posts: 6,709
Likes: 1
From: Pacific Northwest
St. Jude Donor '06
At this point, I'm beginning to think there is no longer a connection between the oil barrel price and gasoline price.
Here in Cary, North Carolina, 93 octane is still $3.99 per gallon, and that is not a typo.
How can oil only be $80 per barrel, and gasoline prices haven't budged downward hardly at all here.
I go to the pump and there is always gas, so no shortages, just high prices, do we just drive more than anyone else in the country?
Here in Cary, North Carolina, 93 octane is still $3.99 per gallon, and that is not a typo.
How can oil only be $80 per barrel, and gasoline prices haven't budged downward hardly at all here.
I go to the pump and there is always gas, so no shortages, just high prices, do we just drive more than anyone else in the country?
Burning Brakes
Joined: Dec 2004
Posts: 810
Likes: 1
From: Turbocharged in NC
My understanding is that the problems in your part of the country started with the last hurricane which reduced refinery capacity. If those refineries are still not up to full speed the higher prices serve to keep demand down to match the reduced gasoline supply from those refineries. Also, I'm sure the oil companies/refineries and retailers would be milking this as long as possible to maximize profits.
We just pay much higher prices than the rest of the country right now.
Does it really make sense for it to be fully a dollar a gallon more here in Cary, NC than it is in Texas where the hurricane hit?\
Also, I thought Georgia was where the shortages were, our prices are higher, what gives?
