Gas & Oil Prices Back To Inverted - Mercedes-Benz Forum

 
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post #1 of 5 (permalink) Old 02-13-2009, 07:22 AM Thread Starter
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Gas & Oil Prices Back To Inverted

Weeee'rreeeee screwed again!



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post #2 of 5 (permalink) Old 02-13-2009, 07:54 AM
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Weeee'rreeeee screwed again!



Price fixing and price gouging,............ it's amazing how they always get away with this.

We're in the wrong business!!
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post #3 of 5 (permalink) Old 02-13-2009, 07:59 AM
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I repeat myself, Supply and Demand. They Supply it, and They Demand $$ for it.
post #4 of 5 (permalink) Old 02-13-2009, 08:20 AM
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Damn that Bush, he's a marionette puppeteer

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post #5 of 5 (permalink) Old 02-13-2009, 08:51 AM
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Refineries are cutting back capacity due to lower demand. That lowers the supply of gasoline to the consumers. Crude oil producers are propping up economies of entire nations, they can't stop producing because no matter what the price, a barrel not pumped and sold is a barrel's worth of cash not going into their coffers, so the price of crude is headed down. So right now, it's nice to be a refiner. Crude is cheap, gas is high, and where they make their money is on the spread, not on the price of gas or crude. Since those are the people who pay me, as my friend Punjabi would say, heh heh heh.....

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