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[Half_Crazy]

OK, I'm heading out to scout the local gas stations to check for big price drops.  We all know how they increase prices daily based on "futures" prices on the crude oil markets, right.  Well today saw a roughly 9% drop in crude prices, with US crude dropping below $100 per barrel for the first time in months.  So I assume I'll be able to see the pump prices plummeting as I drive around the area.

Doesn't seem to be working. The station across the street has regular @ 3.94/gallon...

[Wild Card]

" Boy, I got vision, and the rest of the world wears bifocals."



B B 

Boy, with font that large, I'm beginning to suspect you haven't got vision at all!   

[Dr.D]

I swear if I get an oil company man in my dental chair all prices go up 100% but than damn numbing shot is $500 a lick. I'd love to gouge the chit out of one.

[Spiderman]

Boy, with font that large, I'm beginning to suspect you haven't got vision at all!  

Now I'm confused. I always thought according to internet protocal, font size was relative to hearing issues ?

B B

[spada84]

Yup, and I think he's trying to stir up some stuff again.  

Uhhh, what makes you think government could run the oil business any better than they run the government business?  At least the oil business isn't broke and living off loans from China.


Jerry 

X2

[Spiderman]

X2

We're not supposed to talk politics, so I'll try to keep this as non-political as possible. Nationalizing the US Oil Companies does NOT mean that they would be run by the government. It just means that the huge profits (windfalls) they experience would be shared with those who own the resources being exploited (you and I and all the citizens of the USA) I'll leave it at that so this tread doesn't get whacked by the mods


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[dlaws01]

Nationalizing our fuel supply system is fine with me just as long as the government stays out of it. If you can show how that will be done, I'll vote for it!

[Spiderman]

Nationalizing our fuel supply system is fine with me just as long as the government stays out of it. If you can show how that will be done, I'll vote for it!

Just like they do in Alaska - - -Royalties baby Royalties
We not only lease the bastards the land they drill on for next to nothing we subsidize the SOB's
How bout THEY pay US instead.
It works like this. The US Government says that all natural resources are the property of the American people
Anyone who profits from those resources on public property PAYS a percentage. Simple as that
Nationalizing anything does not mean the government has to run the show, just that the people doing business PAY for the privilege
And NO, I am NOT trying to talk politics here but the cost of fuel is in the realm of National Security to my way of thinking
Put another way, why are utilities regulated ? Electricity and water are regulated. Why not oil ?
OK, that's it, I've already gone too far with this, but the way things are now is a total travesty

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[Eqcons]

Where are the Europeans?!  Remind us Americans that we complain too much about gas prices.   

Paying $8.81 for a US gallon here in Scotland.....

[Eqcons]

I would ask those in Europe what they pay in property taxes ? What do you pay in income taxes ? What other taxes do you have. We Americans get taxed on every single aspect of our lives. The air we breath, the water we drink, the food we eat - - you name it, we pay taxes on it. As such, our government does not tax any one thing to the extreme I would suspect you are being taxed on gasoline -- - -or petrol as you call it. Further, we subsidize the oil companies in our country as well as give them the rights to drill on public lands for fractional amounts of pennies. Trust me, even at $2/gallon, Americans pay more for their oil than anyone in the world. 

B B

Spide, I can assure you that here in the UK we pay more tax than you on EVERYTHING  Income tax is higher, VAT is 20% for the whole country (no tax free if bought from another state here!), property taxes vary with region and house, (I pay $400/month, quite low). On our gas, we even pay tax on tax! (Excise duty on the fuel, then VAT on the whole cost!) National Insurance. Road tax for every vehicle you own every year. Stamp duty if you buy/sell a house. Inheritance tax when you die, so your savings and property, the money for which you have already paid income tax on, get taxed again.   Trust me, tax wise you get off very lightly.

Jim

[JCZ]

OK, I'm heading out to scout the local gas stations to check for big price drops.  We all know how they increase prices daily based on "futures" prices on the crude oil markets, right.  Well today saw a roughly 9% drop in crude prices, with US crude dropping below $100 per barrel for the first time in months.  So I assume I'll be able to see the pump prices plummeting as I drive around the area.


Jerry

I'm still paying $4.25 for regular here in Sacramento.

I drove over to the bay area twice in the past week.  I'd have to bring the president of the bank with me to buy gas over there.  San Francisco is the highest in the nation but the rest of the bay area is right behind SF.

[JCZ]

I'm trading my trucks in......   http://www.coolthings.com/tom-wrights-street-legal-bumper-cars/ 

[C2CRider]

reported this morning:  "Big Oil" makes approx 0.07 per gallon.  Government makes approx 0.88 per gallon.  

[grc]

Well, after crude oil prices dropped significantly over the past few weeks, I'm proud to report that I've seen an average drop in prices here at the pump of a whopping ten cents ($4.35 to $4.25).  Hmmmm.  Twenty percent drop in price for the refiners, two percent drop in price for the suckers consumers.  Sounds about right.

BTW, according to the CEO of Exxon when responding to questions from Congress today, the real market value of a barrel of crude should be about $60 - $70 based on normal supply and demand data.  While he didn't come right out and say it, the difference between that number and the $100+ numbers we've been seeing is speculators and manipulators. 


Jerry

[dayne66]

Here on the Island it's about $4.40/ US gal....about 10 cents / mile...ouch!