Oil just hit $110/barrel!!!!
- Thread starter jcardona1
- Start date
jcardona1;1599640; said:I'm just waiting for $4 gas. I remember back in the days when gas hit $2/gallon and it seemed like it took sooooo much money to fill up the tank. I thought it was the end of the world!!!
Ha! I remember back in the day when I first had a car and gas was like .83¢ a gallon. Those were the days....
I fill up in NJ, and it is still 2.97. So not only can I not afford the tank I want, I can barely afford the gas to get to work.
Vicious_Fish;1599657; said:
how so? Im not saying your wrong i just want to understand how it effects us
Vicious_Fish;1599671; said:
You must be around my age since i remember when gas was about $0.90 a gallon
i should ave just made one post lol
Can some one show me how GWB is getting richer?
I hate paying $3.50 a gallon of regular as much as yall, but the same ole blame GWB cause he is doing it for greed BS is getting old! I mean hell, if we invaded Iraq for oil then why the hell is the price going up not down?
Still, compared to other things like prescription drugs (I used this example as I price them and see the sometimes 10,000% mark up providers charge) the markup on gas is REALLY small. I whole heartily believe in captalisim and the fact market determines price and I would strongly oppose any govt that tries to fix prices.
Think of it this way, no one *****es when an importer brings in a fish from south america and charges you 3x what he paid. A fish is a good just like oil and business is business.
I hate paying $3.50 a gallon of regular as much as yall, but the same ole blame GWB cause he is doing it for greed BS is getting old! I mean hell, if we invaded Iraq for oil then why the hell is the price going up not down?
Still, compared to other things like prescription drugs (I used this example as I price them and see the sometimes 10,000% mark up providers charge) the markup on gas is REALLY small. I whole heartily believe in captalisim and the fact market determines price and I would strongly oppose any govt that tries to fix prices.
Think of it this way, no one *****es when an importer brings in a fish from south america and charges you 3x what he paid. A fish is a good just like oil and business is business.
PMK;1599759; said:
It's all about demand my friend. It's a limited resource. They want it, we want it. China's oil dependence has doubled in the last few years. More people over there can afford cars now so the demand is only going to go up.
PMK;1599759; said:
Umm very simple. Oil is a global good with a finite supply. An increased demand in one part of the world will descrease supply overall causing an increase in price.
