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Gas price manipulation proven with easy mathematics

 
Anonymous Coward
User ID: 37106776
United States
11/27/2014 07:30 PM
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Gas price manipulation proven with easy mathematics
Let's say:

Late 90's gas was around $0.95-0.99/gal

Oil $20/bbl = $1/gal gas

Oil $40/bbl = $2/gal gas

Oil $60/bbl = $3/gal gas

Oil $80/bbl = $4/gal gas

Why is gas still being held artificially high?


Chain stores should give gas vouchers. Purchase in bulk and save.
Anonymous Coward
User ID: 65469553
United States
11/27/2014 07:33 PM
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Re: Gas price manipulation proven with easy mathematics
All markets are manipulated.

Logic does not apply any longer.
Anonymous Coward (OP)
User ID: 37106776
United States
11/27/2014 07:34 PM
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Re: Gas price manipulation proven with easy mathematics
All markets are manipulated.

Logic does not apply any longer.
 Quoting: Anonymous Coward 65469553


I know. This is actually a test of sorts.
Anonymous Coward
User ID: 65469553
United States
11/27/2014 07:36 PM
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Re: Gas price manipulation proven with easy mathematics
All markets are manipulated.

Logic does not apply any longer.
 Quoting: Anonymous Coward 65469553


I know. This is actually a test of sorts.
 Quoting: Anonymous Coward 37106776


Supply and demand is a farce. I know what you are getting at though.
Thulsa

User ID: 61984016
United States
11/27/2014 08:27 PM
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Re: Gas price manipulation proven with easy mathematics
Let's say:

Late 90's gas was around $0.95-0.99/gal

Oil $20/bbl = $1/gal gas

Oil $40/bbl = $2/gal gas

Oil $60/bbl = $3/gal gas

Oil $80/bbl = $4/gal gas

Why is gas still being held artificially high?


Chain stores should give gas vouchers. Purchase in bulk and save.
 Quoting: Anonymous Coward 37106776


Hey, I know, let's look at what has happened with state and federal gasoline taxes as part of our math problem, ok?

And let's look at the regulated formulations that came into existence over the period of time you're quoting, too...

Great!

Last Edited by Thulsa on 11/27/2014 08:28 PM
There is nothing quite as compelling as a bad idea whose time has come...
Thulsa
simple
User ID: 54052935
United States
11/27/2014 08:50 PM
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Re: Gas price manipulation proven with easy mathematics
Hey dont try to logic-bomb him with things like inflated taxes.

He can only simple math.
Anonymous Coward
User ID: 65271271
United States
11/27/2014 09:02 PM
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Re: Gas price manipulation proven with easy mathematics
Gas, a finished or refined product, does not have such a simple relationship to the price of crude.

How many new refineries have been built in the U.S.?
LongrodVonHugendong

User ID: 63894219
United States
11/27/2014 09:10 PM
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Re: Gas price manipulation proven with easy mathematics
Let's say:

Late 90's gas was around $0.95-0.99/gal

Oil $20/bbl = $1/gal gas

Oil $40/bbl = $2/gal gas

Oil $60/bbl = $3/gal gas

Oil $80/bbl = $4/gal gas

Why is gas still being held artificially high?


Chain stores should give gas vouchers. Purchase in bulk and save.
 Quoting: Anonymous Coward 37106776


According to your equations, gas is lower than it should be now. If gas is ever higher than it should be compared to oil, then it could be chalked up in the cost of doing business (in this case refining) skyrocketing in every sector. Whether political or finance caused, the cost of everything seems to be going hockeystick right now. (EDIT: minus Chinese produced goods)

The low price of oil right now reminds me of an old episode of the Sopranos where NY and NJ were feuding. NY ended up shutting down the joint project they had. This cost NY a lot but they were hoping it would cost NJ enough to cave to their demands. I think this is what is going on with US and Russia and gas.

Last Edited by LongrodVonHugendong on 11/27/2014 09:11 PM
ID THINKER

User ID: 9060532
United States
11/27/2014 09:18 PM
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Re: Gas price manipulation proven with easy mathematics
Yes I would purchase a gas futures card at the current price good at the same price in the future.
Anonymous Coward
User ID: 61189139
United States
11/27/2014 11:58 PM
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Re: Gas price manipulation proven with easy mathematics
its so easy to manipulate the prices with a software of a computer.
Anonymous Coward
User ID: 46773353
United States
11/28/2014 12:29 AM
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Re: Gas price manipulation proven with easy mathematics
Blame our government for taxing us a huge chunk of that gas purchase at the pump





GLP