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Automotive News & Views Are gas prices fueling your pain? 
10042 messages, Last post on Jul 12, 2008 at 3:07 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: dave8697 (Apr 17, 2008 8:18 am) So whether we buy and use Iraqi oil, or Europe buys that oil, decreasing their purchase of North sea oil, which we then buy really doesn't make much difference. With the amount of money these otherwise poor countries are making selling oil, none of them can afford to stop drilling and selling. The thing that is driving the price of oil and gasoline higher is the willingness of an increasing number of people to pay the going-rate. |
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Replying to: gagrice (Apr 17, 2008 7:45 am)
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Replying to: imidazol97 (Apr 17, 2008 4:03 am) Where is that long promised energy policy promise?
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Replying to: larsb (Apr 16, 2008 10:35 am) I actually would like to take transit instead of driving, but for me it's a no-no for work route in terms only having the Metra train, the cost (pass, parking, time) and location. I car-pool as much as possible, get into work early and leave late to avoid as much traffic and hyper-mile (actually just doing the speed limit). And I can take multiple routes if one backs up to avoid the jam-ups. |
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Replying to: 1stpik (Apr 17, 2008 5:01 am) The producers and the oil companies and the refiners are doing what's best for their shareholders and employees by keeping the prices as high as possible by limiting supply to match demand. We are not doing our part as a general rule. Certain like yourself are taking action. Most, meaning a majority, either can't react to the higher prices or they don't care or they are just hoping the nightmare ends and the 90's return again. I don't see this as being Congress' problem or the oil producer's/marketer's problem or anyone's problem except ours. When we decide to buy less then the prices will come down. Congrats on making a small difference. |
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Replying to: lemko (Apr 17, 2008 9:07 am) All business investment from the kid making lemonade, to the person opening a restaurant next month, to buying real estate, to stock and commodity trading is "betting on the future". It's unavoidable to most people. We need people who take risks. Sounds a lot like those who thought real estate values would keep going up up up! And they have historically and will. They just don't go up evenly year after year. I think you are lumping illegal economics with perfectly legal actions of people to make money, when you use the "corrupt" examples. Wanting to make a lot of money on business transactions is not corrupt.
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Replying to: gagrice (Apr 17, 2008 7:45 am) Sorry Gary this is just an error in economics. There is a very real reason why fuel is $115 per bbl. Simply put, we are willing to pay that price. We haven't said "STOP, that's enough!!" It doesn't matter what the level of price is, as long as we are willing to pay it then it's the right price. There's a seller and there's a buyer. The world is in perfect balance. If the producers said 'Hey we've decided that the price of oil should be $130 /bbl." If we pay it then that too is the fair market price. There are a huge numbers of fuel users who just don't care what the price is. These users have certain wants / needs and they aren't willing to change anything, the price of fuel is of little concern and is not going to force them to change. |
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Replying to: imidazol97 (Apr 17, 2008 8:38 am) BTW there is no right of the buying public to purchase vehicles at less than MSRP or by using discounted rates or rebates. It's only a supply imbalance that has caused this. If the auto companies were smart enough they too would limit the supply to match demand and raise prices. But they have other issues which must be addressed first. The steel companies are currently in exactly the same position as the oil companies. With the growth of China and India there is too much demand chasing a limited supply. Wholesale prices have jumped 50-100%. |
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Replying to: kernick (Apr 17, 2008 10:38 am) No, but manipulating the markets so you're guaranteed to make a lot of money on business transactions is corrupt. In some situations, it's also illegal. |
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Replying to: bpizzuti (Apr 17, 2008 10:56 am) If in turn this control/matching drives up prices for a while, well then that's our decision to buy the product at those prices or not. You're viewing this from the perspective that you must have fuel. But that's not a given. None of us 'need' fuel. We 'want' fuel. That's a huge difference. We've come to expect that fuel is readily available at almost no cost. That paradigm has changed. It may become a luxury. |
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