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Can someone please explain to me why gas prices are so high???

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CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:36 PM
Original message
Can someone please explain to me why gas prices are so high???
no jokes, please.

I live in Atlanta, where gas is normally pretty inexpensive.

But now these prices are getting out of hand.
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nothingshocksmeanymore Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:38 PM
Response to Original message
1. On the west coast we are told it is due to a pipeline rupture
in Az....however, if you go back every single year that the net has been available and research gas prices, you will find some refinery accident or another used to justify HUGE increases in gas prices around every single summer holiday.
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CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:40 PM
Response to Reply #1
5. I heard about that Arizona incident
and BTW: HAPPY BIRTHDAY!!!!

:hi:

:loveya:

:D

:D
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nothingshocksmeanymore Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:43 PM
Response to Reply #5
9. Thanks lovey..here's an article with lots of excuses
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hang a left Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:48 PM
Response to Reply #1
15. gas is $3.99 a gallon in Arizona
I would think that would be enough to compensate for the pipeline. I think the oil companies aren't meeting their projections in Iraq. Got to make it up somewhere.
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CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:55 PM
Response to Reply #15
17. oh................my......................god
$3.99 a gallon????

I have absolutely nothing to bitch about.
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Karenina Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 01:34 PM
Response to Reply #17
28. Europeans pay MUCH MORE.
How is it that Americans expect cheap prices on a non-renewable resource? Never mind that the resource i question is CHOKING US in more ways than 17? :freak:
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hippiegranny Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:16 PM
Response to Reply #17
32. some places were charging $3.99/gallon last week
during the panic-top-off-the-urban-assault-vehicle stage of the fix. this week they are back down to a *mere* $2.12/gallon.
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radwriter0555 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:41 PM
Response to Reply #1
40. LABOR DAY WEEKEND PROFITABILITY.
It happens every holiday kids. Memorial Day, 4th of July, Labor Day, thanksgiving, traditional GOP pal gouge the citizens and take HUGE profits is the rule.
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ArkDem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 05:07 PM
Response to Reply #1
50. Is there a relationship between demand and supply?
.
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rock Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:39 PM
Response to Original message
2. Greed
It's no joke.
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CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:43 PM
Response to Reply #2
8. Hi Rock!!
:hi:

Greed, for lack of a better term, is good..............

Wall Street
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rock Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 04:50 PM
Response to Reply #8
46. Hi CatWoman
You're still the Cat's!
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tom_paine Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:39 PM
Response to Original message
3. Gouging by Fritz Thyssen types who know theie Fuehrer
doesn't have to worry about "votes" r any other characteristics of a Free Nation.

Just like the Phony Energy Crisis of 2001.
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onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:39 PM
Response to Original message
4. Well you see, Dick Cheney had this meeting in '01....
...and his owners told him to...

Hey, who are you guys!.......ahhhgh...urk.......




And onehandle was never seen again.
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onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:41 PM
Response to Reply #4
6. Seriously, It's Perpetual War that is doing it....
All according to plan.
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CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:42 PM
Response to Reply #4
7. I've just GOT to post this cartoon
:hi:

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leftofthedial Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:43 PM
Response to Original message
10. this is no joke
Because the Bushes are raising campign money and know they will need to outspend challengters by 50 to 1 to have any chance of brainwashing the sheeple into keeping the election close enough for their dirty tricks to get them into office.

Same thing happened into run-up to 2000. High gas prices, energy crises, soaring energy costs. It's gouging. The energy companies make huge amounts of "extra" money and most of it finds its way into the Bush Cabal coffers.
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DuctapeFatwa Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:44 PM
Response to Original message
11. Because some rich old men want more money

Why is that so hard for people to understand?
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Nederland Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 01:10 PM
Response to Reply #11
22. I assume
That you are referring to the men that control OPEC?
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DuctapeFatwa Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:22 PM
Response to Reply #22
34. Who do you think controls OPEC :)

The puppet regimes the US installs in the Middle East?
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Brian Sweat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:34 PM
Response to Reply #22
38. have oil prices gone up recently?
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Junkdrawer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:45 PM
Response to Original message
12. Because they can and the media will believe just about anything...
Could someone tell me how a break in a gas pipeline to AZ, which should increase CA supply, causes CA prices to go up?
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Sagan Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:45 PM
Response to Original message
13. oil men in the White House...

Did anyone really expect lower gas prices with Chimp and Cheney in charge?
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CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:47 PM
Response to Reply #13
14. Sagan
:hi:

call me a gullible fool :dunce:
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Noordam Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:49 PM
Response to Original message
16. For once this right winger cartoonist did not blame Clinton's penis
From Lang at CNN

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CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 12:57 PM
Response to Reply #16
18. from another right winger
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PROUDNWLIBERAL Donating Member (220 posts) Send PM | Profile | Ignore Wed Aug-27-03 01:05 PM
Response to Reply #18
20. Cost of Gas
There's an energy bill before Congress! Don't read it just pass it! Shut off brain, bend over and take it! When's the last time you trusted a Repuke Government!
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Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 01:03 PM
Response to Original message
19. Bush* needs more oil money
Plain and simple. It's election time and Republicans need more money so guess what, we pay and pay and pay and it won't do them any good because people aren't as stupid as they think.
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John_H Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 01:09 PM
Response to Original message
21. Easy: Tax Revenue
The Gas tax is the second largest source of revenue. Since Chimpy used the largest source of revenue to pay back his campaign donors, he needs the gas tax to cover up the deficits he created.

The problem ishigh gas prices will further damage the economy and thud further reduce revenue. Man, It makes my heart soar to see this guy fucking himself into oblivion.
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Brian Sweat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:40 PM
Response to Reply #21
39. Increase gas prices do not create extra tax revenue.
Gas is taxed by the gallon, not as a percentage of the price. Increasing the price of gas will only result in reduced consumption and reduced revenue.

Also, revenue from federal fuel taxes go into a trust fund which must be redistributed to the states.
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damnraddem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 01:13 PM
Response to Original message
23. How do you expect us to reply to this without joking?
Gas prices are so high because the suppliers figure they can get away with it. All of the specific regional excuses are just that -- excuses.
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CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 01:17 PM
Response to Reply #23
25. Ok-- should have known better
I stand corrected :D

"How do you expect us to reply to this without joking?"
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Dissenting_Prole Donating Member (519 posts) Send PM | Profile | Ignore Wed Aug-27-03 01:13 PM
Response to Original message
24. The Bigger Picture
"The sudden -- and surprising -- end of the fossil fuel age will stun everyone -- and kill billions. Once the truth is told about gas and oil (it's just a matter of time), your life will change forever. " -
http://www.dieoff.com/

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treepig Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:26 PM
Response to Reply #24
35. good riddance to fossil fuels
Edited on Wed Aug-27-03 02:37 PM by treepig
they're killing the planet!

it should be something to celebrate, not bemoan (and don't worry, there's enough alternate energy sources out there to maintain our wasteful lifestyles, but just in a different way).

if you need oil, how about sacrificing your pet turkey?

http://www.discover.com/may_03/gthere.html?article=featoil.html

(but seriously, replacing all imported oil is nothing to down-play).

and from this site:

http://physics.syr.edu/courses/modules/ENERGY/ENERGY_POLICY/tables.html

we find that annual energy usage worldwide is ~10e21 joules (a one followed by 21 zeros). sure, that's a lot, but during the same time the world receives 10e25 joules of solar radiation. that means if just one out of every 10,000 units of energy from the sun could be turned into useful power, we'd be all set. that's one out of ten thousand - come'on, that's gotta be possible, right?

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Brian Sweat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:30 PM
Response to Reply #24
36. Not a very informed site.
While crude oil production is near or past it's peak, there is plenty of coal left (to much really). There is no reason why a crude oil shortage should have a long term effect on the availability of electricity. We can produce all of the electricity we need from coal (not that I'm saying we sould, just that we can).

A crude oil shortage is only a problem for transportation and the manufacture of plastics. It is true that the demand for oil will soon outstrip our ability to produce it. This will happen in the very near future and gas prices will skyrocket unless an suitable alternative energy source for transportation is found soon.
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TacticalPeek Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 01:21 PM
Response to Original message
26. Because we pay it.
Everybody park it 'til after Labor Day, and you'd see the fastest price decline on record.

Alternatively, we regovern ourselves.
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 01:27 PM
Response to Reply #26
27. I'm staying home
And I only fill my tank once a month.
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Festivito Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 01:35 PM
Response to Original message
29. MI Dem Gov ordered Repub AG to fight gouging.
So, even after the power outages it has risen only 20 cents to 1.79, yesterday.
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leftyandproud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:13 PM
Response to Original message
30. supply: DOWN Demand: UP...very simple econ101 folks
demand always goes up around this time of the year...and prices follow...add in the pipeline burst whichs is costing us a few million barrels, and the fact that labor day weekend is coming up...This was expected. I think we will see prices drop .20-.25 over the next month...thats just the way it goes
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Junkdrawer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:16 PM
Response to Reply #30
31. Are you saying a few million barrels were lost in the AZ pipeline burst?
I don't think so.
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Brian Sweat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:43 PM
Response to Reply #31
41. I think leftyandproud was refering to the amount of
gas that could be transported through the pipeline everyday if the pipeline was online.
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Junkdrawer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:51 PM
Response to Reply #41
42. Then would those "million of barrels" be added to the supply?
In other words, if the people of AZ get almost 0 supply, I would expect their prices to go up, but everyone else's prices to go down.
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Brian Sweat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 04:57 PM
Response to Reply #42
47. Well, that does kind of make since.
If the gas intended for AZ can get their, you would expect their prices to soar, but there should be more for the rest of us and our prices should drop.

The only potential problem with this theory is the so called botique blend gasses. The petroleum industry claims that because laws require them to formulate special blends for different states, they cannot use gas for one state in another. I don't really believe this, but this is the explanation offered.
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treepig Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:53 PM
Response to Reply #41
43. using the supply and demand arguments
Edited on Wed Aug-27-03 02:55 PM by treepig
shouldn't areas in the vicinity of starting point of the pipeline seen a dramatic drop in gas prices?

on edit, sorry junkdrawer for that apparent plagarism of your thoughts (but i started composing my post before seeing yours, honest i did!)
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Brian Sweat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 04:57 PM
Response to Reply #43
48. See my response to junkdrawer.
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jagguy Donating Member (525 posts) Send PM | Profile | Ignore Wed Aug-27-03 02:19 PM
Response to Original message
33. they finally had a few phoney baloney "events" to blame it on
the pipe line thing, the blackout maybe more but it drives me nuts to read about that crap
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Brian Sweat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:31 PM
Response to Original message
37. What is oil selling for right now?
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nannygoat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 02:53 PM
Response to Original message
44. Good commentary about this...
We're not buying lame excuses for high gas prices
http://www.modbee.com/opinion/story/7347932p-8270179c.html
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texastoast Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 04:39 PM
Response to Original message
45. The spin is because . . .
The power outage in the east caused seven refineries to go down. Not the usual amount of oil processed, so it is a "temporary" shortage, shooting the prices up. It is a convenient excuse to increase the prices, although there might be some small validity in it. It takes a couple of days to bring a refinery back up to full speed after an outage.

I noticed the gas prices creeping up here in Texas after the facts about Saudi royalty's involvement in Al-Qaida became a little more mainstream. That should threaten the investors somewhat. Anytime the investors are threatened, gas prices will go up.
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mlawson Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 05:07 PM
Response to Original message
49. It's inelastic demand.
Prices for product that are *perceived* to be necessities, and for which there is no immediate substitute, can rise steadily, with quantity demanded relatively unchanged. Need I say, in such circumstances, revenues soar.

For a while.
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AntiCoup2K4 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 05:10 PM
Response to Original message
51. Why are gas prices so high?
Because the hostile takeover of Iraq didn't bring about the obscene profits as quickly as expected, and the Bush Criminal Empire needs the cash to finance the sleaze machine for '04.
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liberalpress Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-03 05:31 PM
Response to Original message
52. Because...
..of the War in Iraq. The peace-loving people of the formerly-opressed state are so happy at the American Liberators that they are turning over their oil reserves to the the worthy American petroleum companies in heart-felt grattitude for... oh, wait.. you said why are proces going "up"... sorry...my bad.
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MiltonLeBerle Donating Member (956 posts) Send PM | Profile | Ignore Wed Aug-27-03 06:21 PM
Response to Original message
53. Mo' Money-
Edited on Wed Aug-27-03 06:21 PM by MiltonLeBerle
for the Friends of the Junta.

Why?

Because.
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