Nissan 370Z Forum - What's Up With The Price Of Gas?

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What's Up With The Price Of Gas?

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The price of gasoline's certainly lower than the record highs of this past summer. But are they low enough?

We make no allusions to intimately knowing the intricacies of the global oil production system and the resultant pricing flim-flam, but recent pricing has given us pause. The price of a barrel of oil closed below $34 yesterday, which strikes us as odd since in the late 1990's, such prices correlated to per-gallon prices at the pump between $1.25 and $1.50.

When we fueled up yesterday, prices for regular unleaded where between $1.89 and $2.00 — depending on what state we were in. Now, we aren't saying there's some kind of grand conspiracy to bilk the consumer by desensitizing them to high prices and then leaving prices at artificially high levels once oil prices fall, but the historical record makes it hard to not be suspicious. [Graph courtesy pf SeekingAlpha]

Source: Carpocalypse Now: What's Up With The Price Of Gas?

Working in the oil industry I can say it takes more than just one factor to go into what makes the gas price. The cost of a barrel of oil is a major piece, but only makes up a percent of the price at the pump. I once had a nice break down of the price at the pump and what contributed what percent, but it was an email from a few years ago.

the price per barrel went down but at the gas pumps....not much difference....dammit

Default What's Up With The Price Of Gas?

Quote:

Originally Posted by AK370Z (Post 31640)

http://cache.gawker.com/assets/image...s_Gasoline.jpg

Source: Carpocalypse Now: What's Up With The Price Of Gas?

What's Up With The Price Of Gas? GREED

I'm sure taxes on gas are much higher than they were even 10-15 years ago. Most gas taxes are flat rates instead of percentages. That could explain some of this issue. But I agree that we have been desensitized to higher prices.

Quote:

Originally Posted by AK370Z (Post 31640)

http://cache.gawker.com/assets/image...s_Gasoline.jpg

Source: Carpocalypse Now: What's Up With The Price Of Gas?

Gas is the main reason why we went into a recession but it seems no one in the government seems to care about that.

We don't care as a nation, because we were paying $4.00 a gallon. We now know what thats like , so we are appreciative of anything below $3.00 a gallon.

Sad but true.

In all honesty, they could jack the price up to $4.00 a gallon again and get it. Just like they did before. People bitched, but what can you do when OPEC holds the reigns...nothing.

robbing us without a weapon

I think they are smart.
They know we need the gas, so they can raise it up to whatever they want to.
Look at last summer, that **** was ridiculous.

I smell price gouging on this

My area's gas prices are slowly rising again!
MAN, why now?!
The weathers gettin betterrrrrrrr...
:<

So I saw this thread, and decided to resurrect it like a number of zombie threads returning recently.

Prices have really started climbing around here lately. Anybody else feeling the pinch at the pump?

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Originally Posted by BanningZ (Post 185752)

Cost me $52 to fill the Z up the last time I was at the station. :mad: