Gas Prices!!

Discussion in 'Off Topic Forum' started by cereal killer, Feb 27, 2011.

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  1. Gritwater

    Gritwater Member

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    Sounds like everyone wants gas to be nationalized..... and that will only lead to shortages.

    I'll happily pay 10$ if that prevents the nationalization of a private business

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  2. JustisLewis

    JustisLewis Member

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  3. Gritwater

    Gritwater Member

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  4. JustisLewis

    JustisLewis Member

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  5. X_TAC23

    X_TAC23 Super Moderator

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    Ok guys let's get back on track and keep our political views to ourselves, and keep it friendly.
     
  6. grinchy

    grinchy Member

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    this sums it up quite nicely!
     
  7. Palazuelosva

    Palazuelosva Member

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    It is true the consumer controls the market not the provider but not this market. Our government is rich in oil but we dnt use it bcuz we prefer exhausting opecs provition and then the coin would flip and it won't be us asking opec for oil but them asking us for oil. Its a very hard topic but the fact is us the average citizen and the local business cnt do much about but go with the flow. Gas prices are insane, oil prices will never be fully regulated since the opec has the upper hand. The only solution I found was selling my V8 SUV and buying a V4 coupe. Doesn't fix the problem but it helps

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  8. Palazuelosva

    Palazuelosva Member

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    Dude that is exactly the right answer! 100% agree lmfao



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  9. tnronin

    tnronin Member

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    I'm not an apologist for the oil companies, but when we complain about them, don't forget we are complaining about a 9.7% profit margin. As opposed to google who made a 25% profit as of the date of my info from CNN. We need to refine more or get more efficient.
     
  10. mewshi

    mewshi Member

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    Usually, gouging is seen as excessively pricing a good seen as necessary - like gasoline. The thing about gasoline prices is that the elasticity is incredibly low; that is, a 1% increase in price has a much less than 1% effect on consumption. I think it is usually safe to say that the gasoline market is far out of equilibrium.

    really, if we are going to give billions in tax cuts to them, they need to lower prices since we are already taking on their share of taxes.

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  11. Backnblack

    Backnblack Premium Member
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    Last refinery was built more than 3 decades ago....Garyville, Louisiana and it started up in 76.
     
  12. Gritwater

    Gritwater Member

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    The only complaint I have is the fact there is no good substitute. Your only option is get a better mpg vehicle like a motorcycle or scooter....but that's not always ideal.

    However....as pointed out...profit margins are what I look at. They could easily go for a 100% profit margin, then I could get on board with complaining.

    Google is 'greedier' than big oil....big oil simply works in higher volumes.

    Elasticity is a much better argument though, than calling it gouging when it really isn't.

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