Price of gasoline

[Falcon[anti-yL]]

$3.38 here, there are long lines at the gas stations, people are expecting it to rise alot more.

[shout]

3.40

[CrAz3D]

Seriously, these freaking gas companies need to stop raising their prices.  There wasn't that much damage to justify these prices.  They're just preying on the demand people have now.

[hismajesty]

Seriously, these freaking gas companies need to stop raising their prices. There wasn't that much damage to justify these prices. They're just preying on the demand people have now.

Don't blame the gas companies, they aren't the ones out there mining.

[CrAz3D]

But they are the ones falsly inflating the price of gas.  There has not been enough damage to justify these prices...Shell & companies like that are taking advantage of people because they know people will buy gas

[hismajesty]

30% of our oil comes from the Gulf of Mexico. I totally think that losing that 30% is "enough damage."

[Adron]

Actually, people are the ones inflating gas prices. Capitalism market economy says that gas prices will and should go up when there are lines of people waiting for gas. If people stop buying so much gas, prices will go down. Increasing prices until there is a new balance point between supply and demand is the way it is supposed to work.

[Topaz]

Gas companies have to inflate prices, or else they won't make profit. They're losing a lot of money otherwise, and it wouldn't be worth staying in business while making meager earnings.

[CrAz3D]

Actually, people are the ones inflating gas prices. Capitalism market economy says that gas prices will and should go up when there are lines of people waiting for gas. If people stop buying so much gas, prices will go down. Increasing prices until there is a new balance point between supply and demand is the way it is supposed to work.

yeah, totally...but do the gas companies have to take such advantage of people?

[hismajesty]

Yes, they have a bottom line. They pay (what is it it like $75 or $80) for a barrel of crude oil, then it costs money for the refinery to refine the oil, then the gas companies have to buy it, then they have to sell it. Until the initial suppliers (gogo Arabs!) stop raising the price, the gas companies won't be able to lower it.

I agree with Adron.

[Option]

gas here is $2.99 at the lowest. rose 50¢ overnight the other day. :\

[Hitmen]

http://money.howstuffworks.com/gas-price.htm

[Invert]

http://money.howstuffworks.com/gas-price.htm

Good info.

I got gas at 2.99pg today.

[shout]

I'm still trying to squeeze every last drop I can out of the gas I got at $2.62. Quarter of a tank left!

[hismajesty]

On the way home today I saw it had gone down to about $3.19 everywhere, we were able to get it at $2.99 on the way down to OBX though.