No need for alarm. The Federal Reserve has assured us that core inflation remains very low and will continue to remain subdued for the foreseeable future.
Our taxes here in California are what are driving the cost of a gallon of gasoline towards the roof, and we need to do something about that. Will we do it? No, because those taxes pay for road-building, maintenance and repair. We’re a very large state, the driving distances to and from work are great, and mass transit won’t work because of those distances (it simply isn’t feasible in an area as large as ours….not being Europe), and we refuse to surrender our independence to rail transit. And we like our cars. Europeans are really no different from us; they like to drive, too. They just don’t have to drive as much as we do. And yes, I guess we’re getting off lightly….not having to pay over $8 per gallon, as in Britain. Then, still, it’s all relative, isn’t it?
And yet many Americans continue to have their head stuck in the sand not finding the need to convert to an alternative energy source. Big Oil rules this country.
Modern-day version of a siege by the Philistines, Caananites or Assyrians. We have embraced their gods and their practices, and thus have given place to the devil. Now we are in their captivity. God always used them as His rod of discipline.
As painful as the gasoline price march is, it could do good….if only we would let loose the economic forces higher prices produce. As the prices rise, domestic oil producers would be tripping all over themselves to put more oil on the market to reap the benefits, thus increasing supply and the pressure for prices to drop. But alas, our enviro-wacko Administration will not let us drill anymore.
The rise in prices would get the coal industry whipped up for coal liquification, which becomes economically feasible at $90/bbl of oil, and also increase liquids supply which would begin to pressure prices lower. But alas, official Washington doesn’t like any of that, so it probably will sit on the back burner also.
So, I guess we will continue to ship our $$ and all the lost opporunity of high paying employment of energy jobs to the usual suspects so that we can keep driving and keep working. And many of those usual suspects hate our guts, so think about the wisdom of our energy policy from that perspective for a moment.
I have, and I came to the conclusion that it’s time for a change in leadership at the top in Washington. We need a Department of Energy which [i]produces ENERGY and not hot air.[/i] So how about a Department of Energy and Natural Resources which is designed to encourage production and economical use of our resources……including gasoline at reasonable (for the guy at the pump, anyway) prices? Just an idea.
More news: Today, April 12th, the price of a gallon of regular gasoline here in Los Banos, California rose from $4.09 to $4.14……an increase of $.05 [b] in ONE day![/b] Now, I know the price is based on supply and demand, and I understand that…..but somewhere there is also [b]greed.[/b] Greed on the part of oil industry executives for more corporate profit, to be sure, but the greatest greed is on the part of the oil producers who jack up the price to $175 per barrel.
Certainly, there is frustration at the pump; I feel it, too, but I know there’s frustration with our own government for placing restrictions on our own oil industry in finding and developing new sources of refinable petroleum so that we can eliminate our dependence on foreign oil. When new sources are found and developed, it takes far too many years for them to come on line and start producing. That has got to be addressed and stopped, and until it is, matters are going to get worse……MUCH worse.
And something else relating to the price increase: Most people in this town of 34,000 either work in Silicon Valley, or know someone who does, and who must commute every day to work. There is no rapid transit system [i]even on the horizon[/i] for them to use, and carpooling has been largely ineffective. The cost of driving an average of 75 miles to and from work is going to cause severe financial hardship for many of these people…..some of whom are relatives and friends of mine. There are no jobs here for most of them, and those jobs that [i]are[/i] here pay not much more than minimum wage. No major industries will move here because we are not a major transportation hub. Merced is the closest…..37 miles from here, and they’re in bad shape. Sensible government policies would help to alleviate the problem, and right now, that’s not happening.
We don’t need a new Dept of Energy. We need to kill the one in place and let industry, capitalism, and the profit motive take over. You will have all the gasoline you need at the lowest price the market (supply vs. demand) will bear.
Folks should go back and read the history of the Esso Corporation, before anti-trust laws killed it. What they did for the demand and price of kerosene would be duplicated again today if we just let the ferocity of competiton loose.
Ours has gone up 10 cents in the last few days. $3.79 here in Texas and we have refineries right down the highway. I was going to visit my son for his birthday and take him out to dinner but I can’t afford to do that. It’s either pay for the gas to cover 300 miles OR buy him dinner. I sent him a gift card. 🙁
I read in the local newspaper that some of the wildcatters who left the oil business would love to get back into it but it takes several years to find and develop new wells. It just wasn’t very profitable for them before; now that it is, they’d have to wait to see any money. And the future is too uncertain right now.
No need for alarm. The Federal Reserve has assured us that core inflation remains very low and will continue to remain subdued for the foreseeable future.
Cue Kevin Bacon’s character in ‘Animal House’, “All is Well! All is Well”
Which, of course, increases the price of anything transported.
Already costing us in the UK $8.20 for one of your gallons.
This is also from urban Chicago, so a bit of this price is self inflicted. You go across the sky bridge to Indiana and its a good 50 cents cheaper.
Our taxes here in California are what are driving the cost of a gallon of gasoline towards the roof, and we need to do something about that. Will we do it? No, because those taxes pay for road-building, maintenance and repair. We’re a very large state, the driving distances to and from work are great, and mass transit won’t work because of those distances (it simply isn’t feasible in an area as large as ours….not being Europe), and we refuse to surrender our independence to rail transit. And we like our cars. Europeans are really no different from us; they like to drive, too. They just don’t have to drive as much as we do. And yes, I guess we’re getting off lightly….not having to pay over $8 per gallon, as in Britain. Then, still, it’s all relative, isn’t it?
And yet many Americans continue to have their head stuck in the sand not finding the need to convert to an alternative energy source. Big Oil rules this country.
Bomb Libya.
Modern-day version of a siege by the Philistines, Caananites or Assyrians. We have embraced their gods and their practices, and thus have given place to the devil. Now we are in their captivity. God always used them as His rod of discipline.
As painful as the gasoline price march is, it could do good….if only we would let loose the economic forces higher prices produce. As the prices rise, domestic oil producers would be tripping all over themselves to put more oil on the market to reap the benefits, thus increasing supply and the pressure for prices to drop. But alas, our enviro-wacko Administration will not let us drill anymore.
The rise in prices would get the coal industry whipped up for coal liquification, which becomes economically feasible at $90/bbl of oil, and also increase liquids supply which would begin to pressure prices lower. But alas, official Washington doesn’t like any of that, so it probably will sit on the back burner also.
So, I guess we will continue to ship our $$ and all the lost opporunity of high paying employment of energy jobs to the usual suspects so that we can keep driving and keep working. And many of those usual suspects hate our guts, so think about the wisdom of our energy policy from that perspective for a moment.
I have, and I came to the conclusion that it’s time for a change in leadership at the top in Washington. We need a Department of Energy which [i]produces ENERGY and not hot air.[/i] So how about a Department of Energy and Natural Resources which is designed to encourage production and economical use of our resources……including gasoline at reasonable (for the guy at the pump, anyway) prices? Just an idea.
More news: Today, April 12th, the price of a gallon of regular gasoline here in Los Banos, California rose from $4.09 to $4.14……an increase of $.05 [b] in ONE day![/b] Now, I know the price is based on supply and demand, and I understand that…..but somewhere there is also [b]greed.[/b] Greed on the part of oil industry executives for more corporate profit, to be sure, but the greatest greed is on the part of the oil producers who jack up the price to $175 per barrel.
Certainly, there is frustration at the pump; I feel it, too, but I know there’s frustration with our own government for placing restrictions on our own oil industry in finding and developing new sources of refinable petroleum so that we can eliminate our dependence on foreign oil. When new sources are found and developed, it takes far too many years for them to come on line and start producing. That has got to be addressed and stopped, and until it is, matters are going to get worse……MUCH worse.
And something else relating to the price increase: Most people in this town of 34,000 either work in Silicon Valley, or know someone who does, and who must commute every day to work. There is no rapid transit system [i]even on the horizon[/i] for them to use, and carpooling has been largely ineffective. The cost of driving an average of 75 miles to and from work is going to cause severe financial hardship for many of these people…..some of whom are relatives and friends of mine. There are no jobs here for most of them, and those jobs that [i]are[/i] here pay not much more than minimum wage. No major industries will move here because we are not a major transportation hub. Merced is the closest…..37 miles from here, and they’re in bad shape. Sensible government policies would help to alleviate the problem, and right now, that’s not happening.
Dear C-13
We don’t need a new Dept of Energy. We need to kill the one in place and let industry, capitalism, and the profit motive take over. You will have all the gasoline you need at the lowest price the market (supply vs. demand) will bear.
Folks should go back and read the history of the Esso Corporation, before anti-trust laws killed it. What they did for the demand and price of kerosene would be duplicated again today if we just let the ferocity of competiton loose.
Exactly……and maybe the jobs situation will improve, too! Now all we have to do is force Congress to take action.
Ours has gone up 10 cents in the last few days. $3.79 here in Texas and we have refineries right down the highway. I was going to visit my son for his birthday and take him out to dinner but I can’t afford to do that. It’s either pay for the gas to cover 300 miles OR buy him dinner. I sent him a gift card. 🙁
I read in the local newspaper that some of the wildcatters who left the oil business would love to get back into it but it takes several years to find and develop new wells. It just wasn’t very profitable for them before; now that it is, they’d have to wait to see any money. And the future is too uncertain right now.