Comments about ‘Global oil supply and demand will drive gas prices in 2013’

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Published: Monday, Feb. 25 2013 5:44 p.m. MST

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Lledrav
West Jordan, UT

If we are told a lie often enough, it is believed. Supply and demand do not affect prices. Supply and demand affect product availability. Greed affects price increases. If demand is increased it does not create more expense in producing that product. The law of business that is responsible for increased prices is lack of competition and charging what the market will bear. In other words this article should read, gasoline prices will remain high because consumers are willing to pay that price and there is no real competition in the market.

george of the jungle
goshen, UT

If the natural resources in the country belong to the country, and our country's taxes payed to get it refined. How come I have to pay soo much to put gas in my car.

rnoble
Pendleton, OR

Price is often sited for the availability of oil, but it is not always because of production related restrictions. Instead it is often the reason for decisions about availability. Speculations on the price and availability is thus a closed system that treats gas and diesel consumers like sheep.

If every producer always produced at peak capacity regardless of price received, then profits would not be as high because supply and demand would be better matched. Consumers & producers of product should be the only people allowed to participate in the oil market. That would create a much less volatile market and reduce the price pressure to rise.

George
Bronx, NY

@george of the jungle
that would be a great question to ask the oil executives who's companies have been posting record profits for the last several years.
unfortunately the truth is Lledav and moble are right they get away with it because we refuse to change our habits and because we allow them to over charge. The common man has given over all control to corporate America. try looking up the history of incorporation in america, we have moved a long way from the old days.

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