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#212758 - 02/13/12 08:42 AM
Re: Gas Prices... Again
[Re: Irked]
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old hand
Registered: 01/27/03
Posts: 6348
Loc: Florida/Illinois
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Sure it is. It is part of the price the market, in toto, has placed on the commodity. Should one want to change tha price, one must change the market. Where should we start? Should it be illegal to pay someone today for delivery in 3 months? 6 months? A year? Should it be illegal to sell that promise to a 3rd party? Should it be illegal to sell a share in the promise? Should it be illegal to sell shares in more than 1 promise at the same time to the same buyer? Perhaps all trades in commodities should be restricted to transactions with immediate delivery You describe Bernie Madoff. ... and now ICE... It was not always thus. If Dodd-Frank is ever completed, we will revert to rules that kept this casino under control... What has happened since the rules changed opened the floodgates. Link
_________________________
In what concerns you much, do not think that you have companions: know that you are alone in the world. ~ Henry David Thoreau
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#212811 - 02/13/12 07:30 PM
Re: Gas Prices... Again
[Re: itstarted]
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journeyman
Registered: 04/19/11
Posts: 802
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Didn't President Obama's "Energy Czar", S. Chu, announce he wanted $5/gal. gas not too long ago ? >Mech
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#213438 - 02/20/12 08:35 AM
Re: Gas Prices... Again
[Re: itstarted]
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old hand
Registered: 01/27/03
Posts: 6348
Loc: Florida/Illinois
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Today's wholesale Regular Price started at $3.05, making the probable retail price in March about $3.80 If you average 12,000 miles per year at 22MPG...then: In March 2009, annual gas cost would have been $900. @$1.65gal. Three years later... $2070. @$3.80gal. Fortunate that we don't have inflation, eh? 
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#213440 - 02/20/12 08:46 AM
Re: Gas Prices... Again
[Re: Mechanic]
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veteran
Registered: 12/25/05
Posts: 7673
Loc: Florida
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Didn't President Obama's "Energy Czar", S. Chu, announce he wanted $5/gal. gas not too long ago ? >Mech I believe that he's going to get his wish before too much longer.
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#213442 - 02/20/12 09:06 AM
Re: Gas Prices... Again
[Re: Joe Keegan]
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old hand
Registered: 03/18/03
Posts: 4413
Loc: Highlands, Tx
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had higher gas prices been the "plan" government could have tried to raise prices through more draconian tax measures ... since they did not do so we should be able to conclude raising the price of gas is not the goal however by using high prices it may provide an incentive for Americans to reconsider their gluttonous thirst for oil and change their behaviour ... if however you are a rushbo adherent then your response would be frack them i want my gas at any price for my 2 mpg hummer it appears to me that rushbo is far more concerned about his survival rather than our nation
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#213453 - 02/20/12 11:46 AM
Re: Gas Prices... Again
[Re: itstarted]
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Member
Carpal Tunnel
Registered: 05/09/05
Posts: 33637
Loc: Bay Area, California
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Fricken $4.10/gal here in the Bay Area.
_________________________
Contrarian, extraordinaire
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#213627 - 02/22/12 01:52 PM
Re: Gas Prices... Again
[Re: california rick]
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old hand
Registered: 02/12/04
Posts: 6269
Loc: USA
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Fricken $4.10/gal here in the Bay Area.
Thank quantitative easing for that $4.00+ gas, and they are talking about doing another mass printing of more money, er quantitative easing, in the near future. Gas prices are exactly what Obama wanted, high fuel prices, forcing people to think green. The problem is it happened in 2011 and not 2009.
_________________________
A proud member of the Vast Right-wing Conspiracy, Massachusetts Chapter
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.” Thomas Jefferson
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