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#212758 - 02/13/12 08:42 AM Re: Gas Prices... Again [Re: Irked]
itstarted Offline
old hand

Registered: 01/27/03
Posts: 6375
Loc: Florida/Illinois
Quote:
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

rolleyes
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


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#212811 - 02/13/12 07:30 PM Re: Gas Prices... Again [Re: itstarted]
Mechanic Offline
journeyman

Registered: 04/19/11
Posts: 802
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]
itstarted Offline
old hand

Registered: 01/27/03
Posts: 6375
Loc: Florida/Illinois
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? smile

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#213440 - 02/20/12 08:46 AM Re: Gas Prices... Again [Re: Mechanic]
Joe Keegan Offline
veteran

Registered: 12/25/05
Posts: 8707
Originally Posted By: Mechanic
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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#213441 - 02/20/12 09:00 AM Re: Gas Prices... Again [Re: Mechanic]
rporter314 Offline
old hand

Registered: 03/18/03
Posts: 5280
Loc: Highlands, Tx
wow i wish you would at least get the facts right

he is SoE not a czar

he proposed using high gas prices as a way to wean Americans off their dependence of oil by using more efficient cars or alternative energy cars

the last time this was "news" was about a year ago

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#213442 - 02/20/12 09:06 AM Re: Gas Prices... Again [Re: Joe Keegan]
rporter314 Offline
old hand

Registered: 03/18/03
Posts: 5280
Loc: Highlands, Tx
Quote:
get his wish

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]
pdx rick Offline
Member
Carpal Tunnel

Registered: 05/09/05
Posts: 38176
Loc: Portland, Oregon
Fricken $4.10/gal here in the Bay Area.
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#213620 - 02/22/12 12:09 PM Re: Gas Prices... Again [Re: pdx rick]
itstarted Offline
old hand

Registered: 01/27/03
Posts: 6375
Loc: Florida/Illinois
_________________________
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#213625 - 02/22/12 01:16 PM Re: Gas Prices... Again [Re: itstarted]
Joe Keegan Offline
veteran

Registered: 12/25/05
Posts: 8707
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#213627 - 02/22/12 01:52 PM Re: Gas Prices... Again [Re: pdx rick]
Ma_Republican Offline
old hand

Registered: 02/12/04
Posts: 6394
Loc: USA
Originally Posted By: california rick
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.
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