Gas prices keep climbing even as oil prices drop
May 29th, 2008 . by TexasFredNEW YORK (AP) - The gasoline price record keeps getting broken with each passing day. AAA puts the national average for a gallon of regular at a record $3.95. It’s jumped 35 cents in the past month and is 76-cents-a-gallon higher than a year ago.
If you need premium, it’s also never been more expensive. The auto club says the national average for premium is $4.35. That’s an 84-cent-a-gallon jump over last year.
Oil prices fell back Thursday ahead of a report expected to show U.S. inventories of crude and petroleum products grew last week.
Prices remained volatile, though, buffeted about by threats against Nigerian oil facilities, worries about falling gasoline demand in the U.S. and a strengthening U.S. dollar.
By midday in Europe, light, sweet crude contract for July delivery was down 65 cents at $130.38 a barrel in electronic trade on the New York Mercantile Exchange.
In London, July Brent crude fell 86 cents to $130.07 a barrel on the ICE Futures exchange.
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Gas prices keep climbing even as oil prices drop
There are many things that can be said regarding this oil and fuel pricing crisis and much of it can be summed up in 2 words blurbs that are so easy to understand that even the dimmest of libbers should be able to comprehend their meaning…
Not the real cause: oil shortage, short supply, high demand…
The real reasons we have incredibly high gas prices: price gouging, greedy bastards, Big Oil, rich Arabs, profit taking, record profits, price fixing, consumer abuse, rich executives, massive bonuses, tree huggers, spotted owl, snail darter and the list goes on and on, but I think you get the idea…
I don’t begrudge any company the opportunity to make money, that’s what free enterprise is all about, but when the oil companies sit back on their butts and tell us how much they are doing for us, and what it’s costing them to do it, well, I am astounded that the American consumer is falling for that line of BS.
I know a little bit about business, and you don’t have all those operating costs that Big Oil is saying they have and those supposed costs being what is driving them to record levels of profit, BILLIONS of dollars in profit, look folks, profit is figured in AFTER all costs of doing business are taken out, these record profits are just that, profit, financial gain, money in the pockets of the Big Oil executives, profit is what’s left after ALL operating expenses are covered…
By ALL, I mean exploration, drilling, production, transportation, refining, marketing, all of it, those costs are, or should be figured in before so much as a dollar of profit is figured into the equation, otherwise, if Big Oil was laying all that money out there and not making anything in return, it would be called losses, record losses, and I don’t recall hearing of any Big Oil companies that were recording record losses…
We’re being taken for a ride my friends, and the Big Oil companies aren’t even greasing it before they stick it to us…
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