Question:
Why is gas $2.87 on Thurdsday morning at 9:00a.m. and on Friday morning at 9:00a.m its $2.79?
I live in Ohio and earlier this week, I also saw it go on Monday from $2.61 to $2.89 on Tuesday.
There can't be that much fluctuation in a 24 hour time span.
Do race cars use the same gas as us if not what is it ?
Why does this happen?
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Thank you.
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Answers:
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my friend,i live in amarillo texas and we are the highest gas in texas,because a guy that owns all the toot n tootums .he just charges us what he wants' and when he raises prices,it's not cents,it's dimes... be thankful you dont have one of these guys in your town yet!!!!!Nissan Maxima, Toyota Avalon, or Honda Accord?
Yea I live in Ohio too and I noticed it too it is nuts.What kind of exhaust system should i put on my 2005 stratus sxt!!?
Because the oil companies have no competition, so they can do whatever they want. Our President is bought & paid for by them as well.Name a car that has an animal's name?
It is a balancing act by the oil companies.It is based on the wholesale oil price.
The stock market price per barrel.
The refinery cracking capacity.
Oh, I forgot transportation costs to a geographic location.
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the Truth is we as a consumer are being riped of by the gas co,It is due to an exemption in the competition act for the oil companies. The exemption dealt with an act called the Competion Act that revoked Standard Oil's monoply and stopped Standard Oil from the same thing that is being done now -- oil products were artifically high and kept high by the monopoly.
After the Standard Oil company monoply had been broken up in the early 20th century, the seperate oil companies were still controlled by ex-Standard oil company sharholders.
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After some time had passed by, there was another giant gas shortage the 1970s it was a very bad crisis.
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To help alleviate this gas shortage, Congress passed an exemption for oil companies and revoked the part the competition act after having been in force for nearly 70 years that held the oil companies in check. The monoply that Rockerfeller created was re-established by Congress but this time the monoply was created in a different way.
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The reason was because OPEC was restricting the flow of crude and there was a severe gas shortage in the United States.
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The companies had refineries with no crude to process and asked congress for this exemption in the competion act, which they received. However the exemption was permanent, meaning should the supply of crude oil ever be restored, the exemption in the competition act remained in force.
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All the oil companies are allowed to "share" the production of one refinery, eliminating the need for each chain that has both upstream and downstream operations to get all their gas for a certain geographical area from the same refinery. It does not matter which company owns the refinery it's production is legally shared by all in geographical areas that have been drawn up under a legal agreement by the oil companies.
They actually have a map showing which company and which refinery provides for each area and a contract between them. This arrangement and this contract has created a virtual monopoly -- the same that Rockerfeller had established and gouged the American public for decades.
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Since all companies, even the independent retailers, buy their gas from the same refinery there is no competiton and the big oil companies set the price themselves, it is no longer illegal.
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The fact is that there is more crude being produced from non OPEC sources and OPEC sources than there was ten years ago. Since the producers buy only enough crude that their refinery system needs now, the price of crude has no longer has any relationship to the price of gasoline.
Just as DeBeers controls the price of diamonds by holding diamonds off the market, the oil companies control the price of gasoline by holding crude oil off the market, they are the market.
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All it would take to end this "oil crisis" is revoking the exemption the oil companies legal allowance to share production from the same refinery which was written for conditions that no longer that exist.
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Oil companies would be forced to drill again and more importantly open up capped oil wells that exist all over the United States.
These wells were drilled with tax payer money during the 1970's to provide crude oil to make up for the crude shortage from OPECs cartel.
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During the mid-1980s most of these wells were capped because the price of crude had plummeted almost seventy percent after OPEC was forced to end witholding crude from the world market during the end of the 1970's.
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However, it is now the major oil companies that are witholding oil off the market. An amendment to natural resources act which would force oil companies to reopen the capped wells drilled during the 1970s died in committee.
If these capped wells were reopened the oil shortage would be ended with the stroke of a pen and no new drilling would have to be done, but oil companies don't get paid for not drilling new wells.
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In the 1970s it was OPEC who witheld crude off the market which caused the large jump in gas prices.
In 2007 it is the major oil companies witholding refined gas and crude oil from capped wells off the market that is causing the sharp raise in gas prices.
It is no longer true that most crude is in the Gulf nations and because Iraq and Iran the politically instability is causing the rise in gas prices. That is a fairy tale. There is plenty of crude oil, but the profit is in selling crude at inflated prices and the fairy tail about Arabian Gulf nations being the only realistic supply of crude allows the sale of crude and therefore the sale of gasoline at inflated prices.
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There is no more instability in the world than there was in the early 1900s, if fact there is less.
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