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Utah gas prices top U.S. average several factors can be blamed
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It's the quirks of the retail market.
Honestly it sounds to me, and has for the past year, that the price can't be explained through normal economic terms. Basically as Utahns we are getting taken.
VOTE ONLY FOR THOSE WHO PLEDGE TO END THE OIL BASED ECONOMY.
By the way, Canadian futures prices vs spot markets make sense relative to how the Utah market behaves.
We need to force Congress into action within the next two months before they adjoun for the year. We must warn them that if they want to return nxt year, they've got to get moving on offshore drilling and ANWAR. Flood their e-mails and phones. The official House and Senate websites contain web pages for all members. CALL THEM NoW!
House, 202-224-3121 or 202-225-1904
Senate, 202-225-6827
If it were much, much more expensive to ship oil, you might benefit from a local source while the rest of the country suffered. But luckily billion of dollar's worth of investment makes transport fairly efficient. Which means no discount for local sources.
GREED.
Please, enlighten all of us with your economic prowess. Just exactly how is 'big oil' gouging the consumer? How are they manipulating the market?
Ah, but whose greed? The oil companies, that earn about 10% of their investment? The speculators that are eventually going to push it too high and lose their shirts? Or the government, that makes more profits off gasoline than anyone else?
Or is it the greed of a lot of people, that were spoiled by cheap oil in the 1990s and now think they have an entitlement to it, just for being alive?
Greed? If the oil companies have this much power to set market prices, why wasn't gas $4 a gallon two years ago? Five years ago? Why isn't it $10 a gallon now?
Do us all a favor and get some economic lessons.
Drill here. Drill now. Pay less.
Greed indeed. CEOs and shareholders are greedy and want max profit from their holdings. And citizens are greedy and want to set their own prices for their own purchases. In few other markets do I hear of consumers demanding the right to set the price.
The honest, hard truth is this: laws of capitalism are working right. It's time to quit chasing the boogey man and start increasing supply and decreasing demand. That's the bottom line folks. There is no other answer, in the long term or short term.
Also, it's hilarious to read some of these comments by you people who think you know how the oil and gasoline industries work. Can any of you answer these two simple questions, to demonstrate how well you understand the issues?
1) How many gallons are in a barrel of crude?
2) How many gallons of gasoline can you get from a barrel of crude?
No fair googling it first. I just wanted demonstrate the ignorance of most of the people who are commenting as if they're industry experts when in actuality they know very little if anything about what they're referring to. The news does NOT give you a complete picture.
First you elect a president with a prime interest in making money with oil interests.
Second you create a war to eliminate any competition to the OPEC world oil monopoly. And after taking over the oil supply in that country you kill the president of that country to prevent resurgance.
Third you get together with your close family ties to your Saudi family and plot the control over world oil.
forth you set the prices and supply to obtain the greatest gain.
fifth you use every ruse that comes along to raise the price of oil.
sixth you stop building refineries and drilling for oil using the excuse that others are preventing you from doing so.
seventh you use the excuse that you need new places to drill so that you can obtain full controll over these places so that no competitor can come in.
Eighth, you work to prevent substitute efforts to lesson the use of oil like public transportation and design of cities and vehicles for transportation other than by gas vehicle.
There are probably more but you can get the idea.
Ex | 9:26 a.m. July 23, 2008
We will probably see a large change in everything when the present clowns are voted out of office."
I've been around a while. Seen a lot of presidents come and go, and no matter which side is in office, there are always 50% of the people who call them clowns, and blame them for everything. Its childish, and immature, and shows complete lack of understanding, and an addiction to ABC news, and CNN.
People who want to call the president a clown, a thief, and a murderer, are allowed to do so, but it gets old after a while. Those words were used against Clinton, and Bush before him, and Reagan before him, and Carter (LOL!) and Ford, and Nixon, et al.
You know what the constant is in all those presidential terms where everyone blamed the one man? Kerry, Kennedy, Hatch, Byrd, and a long list of other clowns that stupid Americans keep sending back, hoping that by changing the president every four or eight years, will fix everything.
Well, the verdict is in. Its NOT the president, its the lifelong members of Congress who have destroyed this country.
Got your food storage?
I know there are some profits from the crude oli, but it seems that governments are getting a high percentage of the profits from a gallon of gas.
What gets me is our mindset that under $4 a gallon is cheap, when last year we balked at $3 a gallon. We're the frogs in the slowly heating pot who don't understand how much hotter it can get.
All we can do to affect gasoline prices is to make sensible decisions on the personal level: drive fewer miles and buy less gasoline. That may sound difficult, but it's possible. And when more people do that, those who sell gasoline will sell fewer gallons and, as a consequence, the prices will fall. It won't happen overnight, but It all comes down to decisions made by individuals on an individual basis.
Most imported oil is purchased from the saudis and it is not open market. It can be effected by market but not as much as oil companies would have you think. It is purchased by large oil companies that have contracts for the oil and own the ships and the refineries, no one else has the funds to do this. No one is building refineries, becauese that could cause a drop in the prices. dont kid youselves it is the biggest proffits in the history of the world.
Let's get that Utah oil shale project going ASAP.
Look up 'Petrosix' and see how Brazil is processing 8,500 tons of oil shale every day.
That makes a lot of fuel while also creating well paying jobs.
DRILL NOW. Utah has the resources.
So keep your liberal rhetoric to yourself until you actually understand what is going on and keep your liberal talking points out of the conversation. You are only showing your ignorance.
DRILL HERE, DRILL NOW!!!
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