- We need to change the futures market to keep the speculators out of driving up these prices. Something needs to be done. The crude oil prices do not climb to the degree that the gasoline futures do. It is also interesting that when oil prices rise the gasoline prices rise quickly like the next day to compensate but when oil prices fall it takes several days to weeks sometimes to see gasoline prices fall. There is a lot of profit being made by someone in this process. It needs to change and soon.
- —Guest tj
- funny how every election year the price of gas get very low, is it to encourage people to go out and vote and to think things are getting better, then the very next day after the election results gas prices rise like a hot balloon.
- —Guest fred
speculators and refineries
- Two things, easy to do would immediately drop the price. Force speculators (many are now large public sector retirement investment funds) to take delivery of the product they have on the books each week. Two, deal with the refineries having changed their internal processes and get the Retail departments out of the price fixing game. Two years ago Suncor put the Retail folks in charge of daily pricing. Since that occurred the price for retail outlets has gone up dramatically. They will push the limits again this year. Expect them to fold at 3.99 per gallon in the middle of the country, much higher out west and in the rust belt. They will then drop the price to where they think the consumer will still buy in the Summer months. Last year, that was around 3.70 per gallon wholesale in the middle of the country.
- —Guest jake
- i see people who are so greeded they dont care about the hardship .they are causing .when the econ.falls and it will ;and the greeded sob have got it all.and the commom man ,cant even aford to go to work ?thats if their is work. mabe the greeded basterd can dink some oil
- —Guest george
- Bunch of bull. As soon as something different happens to crude, gas prices immediately jump. I certainly haven't seen it wait six weeks.
- —Guest firstname.lastname@example.org
HIGH GASOLINE PRICES KILLS ECONOMY
- The ridiculously high gasoline prices will no only serve to enrich oil companies, but it will stall and halt any growth in the economy. People will curtail spending. The speculators need to be assessed a very high tax on their trades in hopes of curbing such harmful trades which drive up the price. Oil cos., have been closing refineries: nice ploy. Reduce supply and watch the prices skyrocket. I wish our gov.t would get into oil business and sell gasoline at the pump to consumers only.
- —Guest fishfinder
- The typical patetrn that I have noticed, is that when gas prices rise, politicians make a nice loud, large, splashy spectacle of dragging in the oil execs and then raking them over the coals simply for the benefit of looking as if they are actually trying to accomplish something.As you pointed out in your Fox News piece, Dr. Lott, markets drive the price, not the oil companies themselves.
- —Guest dTLZwxVcuWQn
- Oil should not be a traded commodity! There should be a set price and that's it. No more fake excuses we are going to run out.
- —Guest pat
- what should be done about gasoline and diesel prices? First of all I would like the government, and those behind fuel prices such as big oil companies stop telling lies about why prices are so high. Next stop subsidizing oil producers and put that money into lowering the gas tax, that would help some. Then open up all of our oil fields to drilling and create an oil glut in the world, it may take a while to do so, but whatever it takes. Most importantly build more refineries in strategic parts of the country, and finally get the government out of the oil business, they can not even do what they are payed to do now and that is to protect, represent, and do what is right for the people of this country. Last but not least get the government out of the auto industry so that the big three can make a car that gets excellent gas mileage as we all know they have the technology to accomplish.
- —Guest Tom
- enough with the legalized stealing thats what it is nothing more nothing less , guess some people need more than they can possibly spend in a life time its sad
- —Guest dave
raise produce prices
- Lets start charging 10 times as much for our food exports to the countries we import oil from
- —Guest john
The real solution
- We don't need to cut consumption to lower the price of oil... We need to simply ban speculative trading except for those who are actualy taking delivery of a shipment. When this policy was in place before the year 2000, gas was cheap......What's absolutely sickening is that 80 percent of the people in the markets bidding up the price of oil have no connection to the oil companies themselves... They are simply buying up millions.of barrels of.oil with interest free loans from the feds.. essentially adding millions of middle men to drive up the price...does it make.sense.to allow a.small 1/10 of one percent of the population to drive up the price on a commodity that completely dictates the economics of America, if there not.even taking delivery of the shipments...what's wrong with that picture....can u.imagine what the economy would be like if every one had that extra 150 dollars of gas money as disposable income elsewhere to spend...sT something about it media.... Crap this is Crazy
- —Guest Joseph Rice
Gas to high
- People are sacrificing for having high gas price. Why our President cannot do about it. We like the price to go down to 3.30 per gallon. Right now when i put gas in my car it cost me $32.00 full tank. before I spend $23.00 per gallon for a full tank. $9.00 added for my gas. That a lot.
- —Guest Someone who care
- there are a million reasons for high gas prices but the main reason is price gouging by big oil companies, that is the bottom line.
- —Guest Tom
- I agree Satan plays a big role in every aspect of Local and Federal Government, music industry, your cereal! Really! Wake up! Wake up! Wake up!
- —Guest al b sure