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Ever wonder why?

L

loneranger

Well-Known Member
Ever wonder why, when oil market prices go up 2 dollars, the gas price goes up at least 10 cents, within 24 hrs,,but when the price of oil drops $9.00, as it has in the last 48 hrs, the gas price drops 2 cents.????
 
It doesnt go down because enough demand hasnt been killed off in the rest of the world. Our demand went down a million barrels a day recently but that only makes it that more accesible to countries like China.
 
Sorry,,I don't buy the supply-demand arguement.The oil Market speculation,,is a Monopoly. The Oil Companies are International Companies not American Companies anymore,,and are also Monopolies. Neither have America's welfare in mind.
 
I found the article interesting, too. One of our state newspapers ran a story about the current popularity among Europeans who come to America, rent a car (often the best they can afford) and cruise to popular American tourist sites. They quoted some German guy, who said gas was $8/gallon (or litre or whatever) there and he thought they were getting a real cheapie vacation here... /forum/images/%%GRAEMLIN_URL%%/crazy.gif
 
I have heard gas at 16$ in Great Britan. The thing about the European countries is that they are built with less travel distances in mind. People don't go so far to shop or to their work.There is more mass transit, and bike riding. America is laid out for distance. Possibly,, with energy going the way it is this will change. The downtowns of the small towns may look good again.
 
Fuel prices in Europe have always been much higher then ours. When I was stationed in Germany gas was two or three times higher then in the U.S. in the eighty's. I had a car when over there but like said before there public transit is so much better then ours,that we either walked,took a cab or train. Most of the time drinking was involved so I did not want to drive anyway. Nothing like passing out on a train and ending up not knowing where the hell your at at and praying you still have enough money to get back to the base.
 
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