Aug
What really makes gas prices go up and down?
Posted by admin as Gas Prices
Gas prices fell drastically to $1.99/gallon yesterday, and jumped back up $2.13/gallon today. What the hell really makes gas prices flucuate, or do gas stations just set their own prices depending on how much they think we will pay?
What’s driving gas prices higher? The cost of crude oil, which has doubled in the past two years to more than $70 per barrel, is the largest component in the price of gasoline.
This increase — caused most recently by supply disruptions in the Gulf of Mexico and Nigeria — is the main reason gasoline prices have climbed from $1.80 per gallon to almost $3 per gallon since 2004.
However, crude oil prices are not the only factor driving fuel prices. United States refineries do not have enough capacity to meet the country’s demand for gasoline and other fuels. This makes what they do more valuable in the eyes of traders who buy and sell fuels on commodities markets. When traders are willing to pay more, higher prices eventually reach the pump.
Several specific factors combined to cause traders to bid up the price of gasoline since early March: Heavier-than-usual maintenance at refineries has reduced supplies, the implementation of tighter sulfur regulations on gasoline and diesel fuel to reduce pollution, and the switch to ethanol as a gasoline additive in certain markets.
Oil company profits are way up. Are they taking advantage of the situation? In a local market, oil companies charge what the market will bear, while taking cues from commodity and spot markets. Higher prices eventually attract additional supply to the market, which will push prices down.
Some gasoline station operators raise prices during supply disruptions to avoid running out of fuel. That is because they have fixed costs to cover whether or not they are selling fuel.
Will prices eventually level off or even go back down? Gasoline prices are likely to fall from the levels caused by the ethanol conversion, but the federal Energy Information Administration said this month it expected regular gasoline to average $2.62 per gallon nationally this summer. But that estimate assumes nothing goes wrong.
Valero Energy Corp. said Tuesday that U.S. gasoline supplies were enough for 22.2 days, a low level for this time of year. Meanwhile demand is up 1 percent so far this year and is expected to be strong this summer. That will keep upward pressure on gasoline prices.
Aug
Ron Paul On high Gas Price – Peak OiL
Posted by admin as Fuel Prices
Go to http://www.freegas365.com/ and get free gas for a full year.
Natural gas is a gaseous fossil fuel consisting primarily of methane but including significant quantities of ethane, propane, butane, and pentane—heavier hydrocarbons removed prior to use as a consumer fuel —as well as carbon dioxide, nitrogen, helium and hydrogen sulfide.[1]
Fossil natural gas is found in oil fields (associated) either dissolved or isolated in natural gas fields (non-associated), and in coal beds (as coalbed methane).
When methane-rich gases are produced by the anaerobic decay of non-fossil organic material (biomass), these are referred to as biogas (or natural biogas). Sources of biogas include swamps, marshes, and landfills (see landfill gas), as well as sewage sludge and manure by way of anaerobic digesters, in addition to enteric fermentation particularly in cattle.
Since natural gas is not a pure product, when non-associated gas is extracted from a field under supercritical (pressure/temperature) conditions, it may partially condense upon isothermic depressurizing–an effect called retrograde condensation. The liquids thus formed may get trapped by depositing in the pores of the gas reservoir. One method to deal with this problem is to reinject dried gas free of condensate to maintain the underground pressure and to allow reevaporation and extraction of condensates.
Natural gas is often informally referred to as simply gas, especially when compared to other energy sources such as electricity. Before natural gas can be used as a fuel, it must undergo extensive processing to remove almost all materials other than methane. The by-products of that processing include ethane, propane, butanes, pentanes and higher molecular weight hydrocarbons, elemental sulfur, and sometimes helium and nitrogen.
Go to http://www.freegas365.com/ and get free gas for a full year.
Duration : 0:3:24
Aug
What should happen to corrupt leaders that allow gas prices to triple and cripple their constituants?
Posted by admin as Gas Prices
They sit on their hands while oil skyrockets as does profits. One exec got a $400- million bonus, we also payed out bonus’s as taxpayers! Dont mention European gas prices, they dont have oil companies they subsideize as we do, so there so there’s no comparison.
They should have their cars and trucks taken from them to be replaced with tricycles to get to and from work. Then maybe they’ll start to feel how its hurting the rest of us.
Aug
Why gas prices fluctuate
Posted by admin as Gas Prices
Why gas prices fluctuate Credits: , Petro Canada
Duration : 0:1:29
Aug
Money Creation & Destruction, Gas Prices, Peak Oil & the Economic Crisis
Posted by admin as Fuel Prices
Understanding money creation and destruction is essential for those who hope to plan for the future.
Changing gas prices impact the flow of money, and ultimately, the money supply and velocity of money. Long term gas price changes, driven by oil prices, are subject to global peak oil extraction.
The run up of oil and gasoline prices from 2005 to 2008 caused a major stress on the economic system, and ultimately was the leading or at least contributing factor to the economic crisis.
Rising oil prices from their lowest levels at under $10 per barrel led to an era of relaxation of loan and mortgage requirements. While this appears to have helped to support the economy for a time, it led to a great maxing out of credit, which then set up a system that was ripe to fail due to any outside stress, such as the failure of the global oil extraction rate to rise.
The resulting economic crisis, due to peak oil and then peak money creation, signals that our current privately-owned, interest-penalty based, money system will not function in this new area of peaking and declining oil supply.
The solution is an entirely different economic model, which focuses on the creation of local food, energy, and credit money, which can be resilient despite innevitable changes in available oil and other resources.
Educator Aaron Wissner presents basic of money and explains how the combination of resource limits for oil combined with relaxed money creation (lending) standards, led to peak money creation, and in turn to an economic crisis.
This is the middle section of a 30 minute talk on money, oil, the environment, and our local future.
Duration : 0:9:1
Aug
Gas Prices: Little Relief In Sight
Posted by admin as Gas Prices
Gas are hitting an all-time high in many locations around the country. 11 News reporter Jennifer Franciotti reports.
Duration : 0:1:25
Aug
Convert Your Car/Truck to BURN WATER
Posted by admin as Fuel Prices
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Duration : 0:2:41
Aug
How can gas prices be so low when our economy is failing?
Posted by admin as Gas Prices
gas prices keep getting lower and lower. is this safe to do for our economy? is bush just trying to make a lasting statement or a final impression on the american people before he is out of office? will our economy continue to fail no matter how high or low gas prices are? How can our economy get better if no money is being put forth to help it. It’s an obvious thing that what we pay for gases helps, that what we pay for helps the economy. We know it’s not the only thing helping, but its still a big thing.
Bush is not setting fuel prices.
The reason prices have dropped is that the price of crude oil has fallen in the market meltdown. It’s dropped to around $80 per barrel (it was $145 not too long ago) and the price you pay at the pump reflects this change.
The reason for the drop in crude prices, along with the general fall of the market, is that investors are expecting a lengthy recession. When people have less money, they buy less stuff and drive less, and the demand for fuel falls. This makes oil futures a less attractive investment and drives the price down.
Aug
Australian Nation Anthem – Advance Australia Fair
Posted by admin as Petrol Prices Australia
Australian Nation Anthem – Advance Australia Fair.. Aus United – “A Place For All Australians” Join Aus United Today: http://main.ausunited.vlexo.com
Duration : 0:3:37
Aug
Gas prices are going go up………… again.
Posted by admin as Fuel Prices
THIS VIDEO IS DEAD SERIOUS. Every word in here is true.
Gas prices are going to be atleast $2.50-$3.00 higher then what they were in 2008 once the economy starts to improve, which it is just starting to.
So if your afraid of gas prices, you better hope that the recession stays this way. or get worse if you want $1.00 for your gallon of gas
Buy your economy cars right now in bulk. get them while their there.
Duration : 0:7:14
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