We're being hosed - Houston Gas Prices

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Friday, November 21, 2008 6:27:28 PM

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GasBuddy News Article

We're being hosed Friday, September 05, 2008
The Toronto Sun -- This not what a prime minister heading into an election would wish for. Today, motorists will be seeing red as they watch pump prices jump even though world crude futures fell to their lowest levels in five months. For five days, oil prices have been on a retreat, yesterday falling another $1.46 to $107.89 US a barrel for light, sweet crude for October delivery. That's a long way from its record high of $147.27 US on July 11, when motorists were going broke paying almost $1.40 a litre.
Visit The Toronto Sun for full article

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JT Moderator	Message Posted: 9/5/2008 9:47:10 AM	Ignore JT Report Abuse
	Friday, September 05, 2008 The Toronto Sun -- This not what a prime minister heading into an election would wish for. Today, motorists will be seeing red as they watch pump prices jump even though world crude futures fell to their lowest levels in five months. For five days, oil prices have been on a retreat, yesterday falling another $1.46 to $107.89 US a barrel for light, sweet crude for October delivery. That's a long way from its record high of $147.27 US on July 11, when motorists were going broke paying almost $1.40 a litre. Visit The Toronto Sun for full article

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dloriginal Sophomore Author Nova Scotia Posts:161 Points:9,600 Joined:Apr 2008	Message Posted: 9/7/2008 7:55:32 AM	Ignore dloriginal Report Abuse
	Not thinking about the people that gave him is job
jmuse All-Star Author Long Island Posts:933 Points:189,905 Joined:May 2008	Message Posted: 9/6/2008 10:39:58 PM	Ignore jmuse Report Abuse
	Nice headline. Is the Toronto Sun owned by Rupert Murdoch?
Martinman Champion Author Mississippi Posts:2,766 Points:553,770 Joined:Sep 2005	Message Posted: 9/6/2008 8:34:53 PM	Ignore Martinman Report Abuse
	This is why DRILLING WILL NEVER AFFECT/RESULT IN LOWER GAS PRICES... Get a clue people, this has nothing to do with supply; it only has to do with price manipulation. Anyone remember ENRON ?
STEVE853 Champion Author Florida Posts:1,237 Points:315,965 Joined:Nov 2007	Message Posted: 9/6/2008 2:12:54 PM	Ignore STEVE853 Report Abuse
	GREEDY big oil!
jb47 All-Star Author Shreveport Posts:512 Points:289,850 Joined:Aug 2007	Message Posted: 9/6/2008 12:49:52 PM	Ignore jb47 Report Abuse
	When oil goes up they raise the price blaming it on the price of oil. When oil goes down they just stick it to us
tazdriver Champion Author Alabama Posts:2,318 Points:572,485 Joined:Jan 2007	Message Posted: 9/6/2008 9:04:39 AM	Ignore tazdriver Report Abuse
	No it is not opportunistic greed, it is socialism, and what happens when you have socialist entities in the oil chain, it wreaks havoc on the free market system, since the socialists are siphoning off profits that should go back into improving the production of oil and gas.
91Acclaim Veteran Author Maryland Posts:360 Points:74,860 Joined:Aug 2008	Message Posted: 9/6/2008 8:57:42 AM	Ignore 91Acclaim Report Abuse
	Subtle deceit? No, outright opportunistic greed.
unicornpmb Veteran Author Buffalo Posts:275 Points:30,835 Joined:Sep 2005	Message Posted: 9/6/2008 8:47:14 AM	Ignore unicornpmb Report Abuse
	What else is new?
mrpc90 Champion Author Illinois Posts:1,385 Points:378,735 Joined:Dec 2004	Message Posted: 9/6/2008 8:44:45 AM	Ignore mrpc90 Report Abuse
	Yes, we are...
Zygnatz Champion Author British Columbia Posts:4,986 Points:979,080 Joined:Oct 2005	Message Posted: 9/6/2008 8:41:20 AM	Ignore Zygnatz Report Abuse
	We've been getting it in the rear for some time now. Guess what! One of the candidates for election is proposing an additional tax on fuel.
rvnvet70 Champion Author Michigan Posts:1,836 Points:990,230 Joined:Sep 2005	Message Posted: 9/6/2008 8:38:50 AM	Ignore rvnvet70 Report Abuse
	Thats not the word for it!
Crumbfel Champion Author Virginia Posts:4,326 Points:780,235 Joined:Aug 2006	Message Posted: 9/6/2008 8:33:23 AM	Ignore Crumbfel Report Abuse
	If you confuse the system long enough those that watch will grow tired of trying to figure the system out. If it makes no sense long enough we just stop fighting.
evasilion All-Star Author Virginia Beach Posts:701 Points:132,320 Joined:Mar 2008	Message Posted: 9/6/2008 8:32:21 AM	Ignore evasilion Report Abuse
	Pass the lubricant.
Jacks45 Champion Author Michigan Posts:2,173 Points:438,000 Joined:Jul 2007	Message Posted: 9/6/2008 8:30:38 AM	Ignore Jacks45 Report Abuse
	Hosed he!! more like getting raped and getting away with it.
cv Champion Author Raleigh Posts:6,972 Points:1,643,715 Joined:Oct 2003	Message Posted: 9/6/2008 8:29:55 AM	Ignore cv Report Abuse
	Government does not solve problems, they create them.
MajorSteve All-Star Author Oklahoma City Posts:505 Points:238,570 Joined:Sep 2006	Message Posted: 9/6/2008 8:29:50 AM	Ignore MajorSteve Report Abuse
	all cost savings should go to the consumer. The government would only return 25 cents on the dollar back to the tax payer. Every beurocrat has to have a piece of the pie.
mahenv7 Champion Author Toronto Posts:1,209 Points:244,115 Joined:Oct 2004	Message Posted: 9/6/2008 8:27:51 AM	Ignore mahenv7 Report Abuse
	People are gredyyy
GasholeMI Champion Author Lansing Posts:1,500 Points:115,490 Joined:Jul 2008	Message Posted: 9/6/2008 8:22:23 AM	Ignore GasholeMI Report Abuse
	I agree with NedW. We do NOT need a windfall profits tax. Everyone knows how government works: First we start with a tax on the oil companies--later the tax is extended to include medium sized business--later still it eventually includes your babysitter. In the end the consumer (you) simply pay more. We do need the government. We just do not need a large and expanding government. Become self-sufficient yourself and not depend on government.
MightyDude Champion Author Minnesota Posts:2,030 Points:1,029,545 Joined:Mar 2003	Message Posted: 9/6/2008 8:21:34 AM	Ignore MightyDude Report Abuse
	really?
jackson661 Veteran Author Columbus Posts:446 Points:48,450 Joined:May 2006	Message Posted: 9/6/2008 8:21:03 AM	Ignore jackson661 Report Abuse
	This is clearly price fixing at its highest. Is there no supply and demand balance? That is paying $1.34 a liter here. That's about $4.80 a gallon USA.
Gerund1 Champion Author Toronto Posts:1,152 Points:828,780 Joined:Apr 2003	Message Posted: 9/6/2008 8:21:03 AM	Ignore Gerund1 Report Abuse
	We are still being hosed, but not quite as much. The price/litre this morning, Saturday in not $1.235. Still too much considering the price of oil is around $105 which, to me, means that gas should be no more than $1.10/litre-max.
cudatim All-Star Author San Antonio Posts:739 Points:371,765 Joined:Jan 2007	Message Posted: 9/6/2008 8:20:15 AM	Ignore cudatim Report Abuse
	It just doesn't seem fair does it??
techque All-Star Author St. Louis Posts:671 Points:954,000 Joined:Apr 2005	Message Posted: 9/6/2008 8:20:09 AM	Ignore techque Report Abuse
	rocket science is knowing the difference between PROFITS and COSTS OF DOING BUSINESS. PROFITS are what is left over after COSTS.DAH!!
techque All-Star Author St. Louis Posts:671 Points:954,000 Joined:Apr 2005	Message Posted: 9/6/2008 8:18:04 AM	Ignore techque Report Abuse
	summarizes what we've been saying.
matman01 Champion Author Detroit Posts:2,449 Points:391,705 Joined:May 2007	Message Posted: 9/6/2008 8:15:50 AM	Ignore matman01 Report Abuse
	Finally, a headline that tells it like it is!
NedW All-Star Author Indianapolis Posts:628 Points:161,230 Joined:Mar 2008	Message Posted: 9/6/2008 8:15:11 AM	Ignore NedW Report Abuse
	I need to respond to the post by cwbm, who calls for "taxing windfall profits" and anyone who thinks like that. If you have a business and the government comes along and raises your taxes, you have to raise the selling price of your goods and or services accordingly, or you go OUT of business. Which means, the consumer is going to pay more for those goods and services. Why would anyone want to pay more than we're already paying? DAMN! This isn't rocket science.
GasholeMI Champion Author Lansing Posts:1,500 Points:115,490 Joined:Jul 2008	Message Posted: 9/6/2008 8:14:13 AM	Ignore GasholeMI Report Abuse
	Keep it dropping--use less. And do not forget Drill Drill Drill.
LeeFree Champion Author Detroit Posts:1,290 Points:670,725 Joined:Jun 2005	Message Posted: 9/6/2008 8:13:57 AM	Ignore LeeFree Report Abuse
	Reading the article it's a lot of finger pointing. Nobody can prove anything so the consumer continues to take it in the giggy.
Marson Champion Author Scranton Posts:1,138 Points:503,990 Joined:Oct 2006	Message Posted: 9/6/2008 8:10:05 AM	Ignore Marson Report Abuse
	Thats bigoil's law gas prices, they go straight up but coast down ever so slowly!
PFCASTA Sophomore Author Worcester Posts:159 Points:567,980 Joined:Apr 2006	Message Posted: 9/6/2008 8:08:57 AM	Ignore PFCASTA Report Abuse
	NOTHING NEW
tags610 Champion Author Lincoln Posts:2,362 Points:521,025 Joined:Nov 2005	Message Posted: 9/6/2008 8:08:35 AM	Ignore tags610 Report Abuse
	This is a couple years late.
CSharpGuy Champion Author Colorado Springs Posts:1,286 Points:280,580 Joined:Jan 2008	Message Posted: 9/6/2008 8:08:01 AM	Ignore CSharpGuy Report Abuse
	Hosers!
HDUltra03 Champion Author Oregon Posts:6,910 Points:1,070,475 Joined:Nov 2005	Message Posted: 9/6/2008 8:07:37 AM	Ignore HDUltra03 Report Abuse
	As soon as oil per barrel goes up the price is immediate at the pump, BUT when the price falls it takes weeks or months for the price to drop.
Handiman Champion Author Saskatchewan Posts:8,929 Points:1,519,770 Joined:Feb 2004	Message Posted: 9/6/2008 8:06:46 AM	Ignore Handiman Report Abuse
	You mean it has taken these idiots this long to realize this---trust Toronto media---and they still think the Leafs are a hockey team I bet
Mazdaman7Q Champion Author South Carolina Posts:3,736 Points:790,285 Joined:Jun 2006	Message Posted: 9/6/2008 8:06:14 AM	Ignore Mazdaman7Q Report Abuse
	Hosed, scammed, ripped off... call it what you want!
Brn2bEvl All-Star Author New York Posts:842 Points:183,350 Joined:Apr 2008	Message Posted: 9/6/2008 8:01:52 AM	Ignore Brn2bEvl Report Abuse
	OH! CANADA!!!
nocturnaljam78 All-Star Author Tacoma Posts:735 Points:202,645 Joined:Nov 2007	Message Posted: 9/6/2008 8:00:35 AM	Ignore nocturnaljam78 Report Abuse
	that really sucks, eh?
hooky Champion Author Michigan Posts:7,653 Points:816,125 Joined:Sep 2005	Message Posted: 9/6/2008 7:59:39 AM	Ignore hooky Report Abuse
	Stay off the , stay off the road, stay off the road!
Drill_It All-Star Author Michigan Posts:733 Points:121,985 Joined:Jul 2008	Message Posted: 9/6/2008 7:59:31 AM	Ignore Drill_It Report Abuse
	Being hosed is putting it nicely.
NedW All-Star Author Indianapolis Posts:628 Points:161,230 Joined:Mar 2008	Message Posted: 9/6/2008 7:58:11 AM	Ignore NedW Report Abuse
	Thank you for saying that, purvismike. You've got my vote.
cdaisey Veteran Author Maine Posts:288 Points:17,785 Joined:Jan 2008	Message Posted: 9/6/2008 7:57:46 AM	Ignore cdaisey Report Abuse
	HOSED!BIG TIME!
GAWalv Champion Author Oklahoma City Posts:2,224 Points:567,780 Joined:Feb 2007	Message Posted: 9/6/2008 7:55:42 AM	Ignore GAWalv Report Abuse
	gouging
Lonewolftx Champion Author Houston Posts:5,719 Points:1,125,985 Joined:Sep 2005	Message Posted: 9/6/2008 7:52:32 AM	Ignore Lonewolftx Report Abuse
	Yes you are.
bug27 Champion Author Kentucky Posts:1,969 Points:1,174,400 Joined:Apr 2005	Message Posted: 9/6/2008 7:50:22 AM	Ignore bug27 Report Abuse
	Amen!
purvismike All-Star Author Wisconsin Posts:594 Points:127,950 Joined:Feb 2008	Message Posted: 9/6/2008 7:49:55 AM	Ignore purvismike Report Abuse
	The simplest solution and the one where the technology is already established is the whole point of DRILL! DRILL! DRILL! More REFINERIES must be built away from Costal Areas. Either way we go we well still need more REFINERIES as when the production increase was established to pump more oil out of the ground world wide all the Refineries in the world could not handle the load and therefore we have barges of oil sitting idle for longer periods of time. While this is being done we should be converting to a Natural Gas use in our country. Which we have the world wide abundance of plus they are already doing this in IRAN and other countries. We should employ more Wind Farms, use more SOLAR where feasible, explore more use of Geothermal as used in Iceland for decades and develope mining techniques for the ocean floor which holds an abundance of Methane Gas to use. We do not stand still and only drill and refine oil. Lets not be so damn MORONIC!!!
cwbm Champion Author Michigan Posts:5,205 Points:101,355 Joined:Jul 2008	Message Posted: 9/6/2008 7:49:05 AM	Ignore cwbm Report Abuse
	Windfall profit tax, windfall profit tax, windfall profit tax.
NedW All-Star Author Indianapolis Posts:628 Points:161,230 Joined:Mar 2008	Message Posted: 9/6/2008 7:48:48 AM	Ignore NedW Report Abuse
	The moratorium concerning drilling and exploration in the Legislature expires Sept. 30. Email and phone your 2 Senators and your Congressmen and pressure them to allow drilling and exploration and to disallow any extensions of the moratorium. If you’re unsure of who’s yours are you can find out quickly, as well as how to contact them, by going to the following web sites: Senators www.senate.gov Congressman www.house.gov
timwil Champion Author Arkansas Posts:2,256 Points:494,080 Joined:May 2007	Message Posted: 9/6/2008 7:46:17 AM	Ignore timwil Report Abuse
	stick it to the little man
Matts_Pap Champion Author Pennsylvania Posts:1,282 Points:197,965 Joined:Feb 2008	Message Posted: 9/6/2008 7:44:55 AM	Ignore Matts_Pap Report Abuse
	Pitiful, pitiful, pitiful.
buckoMD Champion Author Maryland Posts:1,854 Points:439,045 Joined:Jul 2007	Message Posted: 9/6/2008 7:42:41 AM	Ignore buckoMD Report Abuse
	That's true, but only part of the story, plumb. Supply and Demand dictates that oil companies will try to charge as much as they can (and that customers will try to spend as little as they can). Teh stupids drop out of the game. It's annoying, but it's not evil - it's how things get done.