Just like GM, Ford, and DCX do with their suppliers, our Government needs to do the same thing to opec. They need to step in and slash the prices that they pay for a barrel of oil and dare them to do something about it.
Opec is supposed to have a meeting when the price of crude goes above $28.00 a barrel for more than 20 consecutive days and if it drops below $22.00 a barrel for more than 10 consecutive days then they are supposed to have a meeting to address the situation. In our case, this did not happen, instead they decided to cut production begining in April.

The reason for the cut is a drop in demand " Meeting in Algiers on Feb. 10, OPEC unexpectedly agreed to cut oil quotas for the second time in less than five months and reduce its total output by about 10 percent in April because of an expected seasonal drop in demand in the second quarter."

Opec believes that going into April and May, their will be excess oil pumped into the supply chain that will cause the price per barrel to go down. This is BS, because people start to driving more after winter going into spring and surely heading into the summer.

Where is the outrage form America? I do agree that gas is still cheap here in comparison to other countries. One thing about this is when something goes down in the middle east, who do they call on? The good old U.S. Since we have the burden to police the world, our oil and gas should be cheap. I think that opec needs to be reminded of this.

 

gee I wonder if my C5 would do that if I ever shifted instead of listening to the pipes?

 

Pulled into Sunoco this afternoon and filled my tank with 94 Ultra. $1.84 a gallon. Yikes!

 

1.89 in RI for 94 octane, but we have one of the highest, if not the highest gasoline tax in the country...however, adjust for inflation, gasoline prices are still very low compared to the run up in 73.

 

The highest gas prices got in the US was back in '81, I believe. If prices today were comparable, they'd be about $2.85 or so a gallon, figuring inflation. Maybe closer to $3.00, but right in that area. So actually, prices today are still cheap. Unless you're in Calif, I guess! I think the prices there have a lot more to do with refinery capacity and oil company greed than taxes.

 

You know I guess I just want winter to get over with up here in Iowa. You guys out in California a lucky, you drive your Vette all year around. But then I have all winter to save up to buy gas for the summer.

 

:mad My Mobil raised it's prices 4 times in 3 days. It capped out at $ 2.11 for 87 reg. A Mobil 6 blocks away is $2.19 for 87 reg. It is probably being raised again while I'm writing this

 

Fuel costs what it costs. Buy it or don't. I don't pay attention to the price of gasoline, because there's nothing I can do about it but feel helpless anger, and that's just not healthy.

Fact is, we'll go to war before we change our wasteful lifestyle. Imagine how much more expensive fuel would have to get for commuters before it made economic sense to actually live where they worked or convenient to public transit. Or even find a carpool.

Screw the politics of fuel prices. Take a step back. We're blessed with cheap gas and lots of choices in what we can drive.

I'm always smiling when I'm pumping gas, because I know as soon as I'm done, I get to drive a Corvette every day. I'll pay $6 a gallon before I give that up. I'll just have to cut back on the hookers...

.Jinx

 

I understand that the Nevada brothels can put you on a payment plan.

 

Out of control here in NV. Guess I will call GWB and threaten him with my vote or else.

 

Poor you

You cant even get higher then 91 octane unless you roll into a speedway. So we are paying higher prices for worthless premium.

Oh well

 

Prices right now are $1.69, $$1.79, and $1.89 at a BP! Look give us one price all year stop the crap!
We have an oil man in the office and hell we have our troops in Iraq! It's costing us 87 billion yeah right we should be getting that oil not just giving them free money and help! Some how these oil companies are screwing us and these taxes are too! The economy runs on fuel don't they know it's hurting us in the long run or maybe do they care?


[Modified by DarkRed95, 7:27 AM 3/4/2004]

 

I paid $2.32 for 91 octane last night. It just keeps on going up. That's the cheapest gas station in town.


[Modified by Butta, 2:00 PM 3/9/2004]

 

WE NEED TO START ORGANIZING BY BOYCOTTING THESE BASTARDS START WITH ONE CO. IE MOBIL AND NOBODY BUY GAS FROM THEM AND SEE IF THE PRICES START COMING DOWN. THATS WHAT I AM DOING AND TELLING EVERYONE I CAN TO DO THE SAME OR WE COULD JUST KEEP LETTING THEM RAPE US AS THEY PLEASE.

 

I'm going to sell my C5 and get a Chevy Aveo.

Just kidding!

$1.96 last week for premium....highest I have ever paid in my life....

...but inflation adjusted, not a bad deal IMHO.

 

You guys are too funny. Subtract the federal and state taxes from the price of a gallon of gasoline and see what the oil companies are really getting for a gallon. If you really think they are getting away w/ robbery, why not buy stock in an oil company and enjoy the spoils? Hmmm?

Let's see, how much has the median price for a home increased since 1975? How about a gallon of milk? An acre of land? A 2 x 4 ? A 16 ounce rib eye steak? A pound of hamburger? A box of cereal? How much has average household income increased since 1975? Compare that to the price for gasoline and you will see that adjusted for inflation, it has increased little to nothing. We pay more for bottled water than for gasoline

And as far as the government refusing to pay more than $xx a barrel.....the government does not buy our oil for us (thank God). Private companies do. Those that understand Capitalism will always have more money in their pockets, nicer cars in the garage, and a smile on their face. Those that don't are destined to live a life of frustration, anger, and belief in conspiracy theory. Life is short. Pick your battles appropriately. :flag

 

Might as well boycott just about every other industry and product, as almost all of them have gone up more than gasoline, inflation adjusted, in the last 30 years. I don't like the higher prices either, but they could be a lot worse, if gasoline had climb like other commodities and durable goods over the years.

 

AMEN

 

You guys need to wake up and smell the ethanol! Speaking specifically of California the "problem" with gasoline prices is not "greedy" OPEC and oil companies. The problem can be found where all our other problems reside - SACRAMENTO!!!

California's "boutique" RFG II is expensive to produce and is only produced by about a dozen refineries in CA. It's constantly referred to as "clean burning fuel", which is mostly bunk promulgated by Sacramento bureaucrats and their cronies in the legislature.

If you want cheaper gas prices, start calling and writting your elected representatives. Ask them to prove that RFG II is "cleaner" and by how much. Data is out there and it shows that the extra price we're paying is providing, at best, a marginal improvement in air quality, and there's not way it passes economic muster when compared to alternatives.

Duke

 

Haven't filled the C5 since the prices started to go up here in the Valley of the Sun (and the Valley of Gas Company Price Gouging). But based on what I'm paying for regular, at $1.92, I would guess it's in the $2.25 to $2.35 range.

Gas companies claim distribution costs will drive up prices. How come I can drive to the middle of no-where in the Arizona desert, and pay $0.20 to $0.40 less for a gallon of gas...

My problem is I may have to start driving my C5 more frequently. It gets a heck of a lot better mileage than my Toyota SUV (14 MPG..) Actually, that ain't all bad!!