Comments on: Today I’m Gonna Gas Up Like it’s 2006 http://blogging.la/2008/10/29/untitled-1/ Lizard people dude. Seriously. Thu, 09 Feb 2012 03:54:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: frazgo http://blogging.la/2008/10/29/untitled-1/comment-page-1/#comment-27115 frazgo Thu, 30 Oct 2008 13:30:32 +0000 http://la.metblogs.com/2008/10/29/untitled-1/#comment-27115 And Exxon posted the highest profit ever for a quarter by a US company, in the news the AM, 15 <b>BILLION</b> freaking dollars. At some point even the capitalist within says that sort of margin warrants some investment back into the communities either by direct donations or taxation. I'm with Matt on the shock doctrine, run it up high and break our banks then we are happy to see it drop even though it is still way better than twice the cost a few years ago. And Exxon posted the highest profit ever for a quarter by a US company, in the news the AM, 15 BILLION freaking dollars. At some point even the capitalist within says that sort of margin warrants some investment back into the communities either by direct donations or taxation.

I’m with Matt on the shock doctrine, run it up high and break our banks then we are happy to see it drop even though it is still way better than twice the cost a few years ago.

]]> By: Matt Mason http://blogging.la/2008/10/29/untitled-1/comment-page-1/#comment-27114 Matt Mason Thu, 30 Oct 2008 08:11:27 +0000 http://la.metblogs.com/2008/10/29/untitled-1/#comment-27114 While the current decline in prices is a relief, I think it's still a <a href="http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24" rel="nofollow">bit premature</a> to pop those champagne corks. While the current decline in prices is a relief, I think it’s still a bit premature to pop those champagne corks.

]]> By: Spencer Cross http://blogging.la/2008/10/29/untitled-1/comment-page-1/#comment-27113 Spencer Cross Thu, 30 Oct 2008 06:13:46 +0000 http://la.metblogs.com/2008/10/29/untitled-1/#comment-27113 <blockquote>If being elated at gas at over $3 per gallon isn’t the epitome of the Battered Child Syndrome (or the Shock Doctrine, or both), I don’t know what is.</blockquote>Maybe, but I think I'm elated at gas being <em>under</em> $3/gallon.

If being elated at gas at over $3 per gallon isn’t the epitome of the Battered Child Syndrome (or the Shock Doctrine, or both), I don’t know what is.

Maybe, but I think I’m elated at gas being under $3/gallon.

]]> By: Chal Pivik http://blogging.la/2008/10/29/untitled-1/comment-page-1/#comment-27112 Chal Pivik Thu, 30 Oct 2008 04:10:49 +0000 http://la.metblogs.com/2008/10/29/untitled-1/#comment-27112 $2.85/gal. Valero, Melrose and Western, cash price only. I gassed up my fleet of Hummers today. Yee-haw, I'm a plumber! $2.85/gal. Valero, Melrose and Western, cash price only. I gassed up my fleet of Hummers today. Yee-haw, I’m a plumber!

]]> By: Matt Mason http://blogging.la/2008/10/29/untitled-1/comment-page-1/#comment-27111 Matt Mason Thu, 30 Oct 2008 02:49:24 +0000 http://la.metblogs.com/2008/10/29/untitled-1/#comment-27111 I agree with Fraz. Plus, how about all those "fuel surcharges" we had to pay to the airlines and others when the price of gasoline and other fuels skyrocketed, as well as similar surcharges in previous years? Those will now be repealed, right? Riiight. If being elated at gas at over $3 per gallon isn't the epitome of the Battered Child Syndrome (or the Shock Doctrine, or both), I don't know what is. I agree with Fraz. Plus, how about all those “fuel surcharges” we had to pay to the airlines and others when the price of gasoline and other fuels skyrocketed, as well as similar surcharges in previous years? Those will now be repealed, right? Riiight. If being elated at gas at over $3 per gallon isn’t the epitome of the Battered Child Syndrome (or the Shock Doctrine, or both), I don’t know what is.

]]> By: frazgo http://blogging.la/2008/10/29/untitled-1/comment-page-1/#comment-27110 frazgo Thu, 30 Oct 2008 01:46:22 +0000 http://la.metblogs.com/2008/10/29/untitled-1/#comment-27110 I think OPEC realized that the world economy couldn't handle the price of oil at its peak, a bit too late to bring about a faster turn around. Our gas prices are no where near what they should be with oil at $63 barrel. That is way over 1/2, almost 2/3 below the peak per barrel costs over the summer. I just want to know exactly how much profit is still being made, and I suspect it is a lot, given how slow the gas costs have dropped in comparision to the crude oil barrel price drops. I think OPEC realized that the world economy couldn’t handle the price of oil at its peak, a bit too late to bring about a faster turn around.

Our gas prices are no where near what they should be with oil at $63 barrel. That is way over 1/2, almost 2/3 below the peak per barrel costs over the summer. I just want to know exactly how much profit is still being made, and I suspect it is a lot, given how slow the gas costs have dropped in comparision to the crude oil barrel price drops.

]]> By: Spencer Cross http://blogging.la/2008/10/29/untitled-1/comment-page-1/#comment-27109 Spencer Cross Thu, 30 Oct 2008 00:56:13 +0000 http://la.metblogs.com/2008/10/29/untitled-1/#comment-27109 I was trying to find another article I was reading saying something similar about how prices are artificially low because people are dumping oil holdings to "meet margins" or some such, but I coudlnt' find it. I was trying to find another article I was reading saying something similar about how prices are artificially low because people are dumping oil holdings to “meet margins” or some such, but I coudlnt’ find it.

]]> By: dhosek http://blogging.la/2008/10/29/untitled-1/comment-page-1/#comment-27108 dhosek Thu, 30 Oct 2008 00:46:14 +0000 http://la.metblogs.com/2008/10/29/untitled-1/#comment-27108 Actually it's worse than that. Prices are down because the economy is so bad, many people can't afford to drive or don't have a job to drive to. The low prices on oil futures indicate that traders think the economy is going to tank even worse than it has. Actually it’s worse than that. Prices are down because the economy is so bad, many people can’t afford to drive or don’t have a job to drive to. The low prices on oil futures indicate that traders think the economy is going to tank even worse than it has.

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