Actual left/right wing discussion Message Board

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Politics : Actual left/right wing discussion

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From: Gersh Avery	5/17/2007 9:09:07 AM
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[begin rant] Headline: Our elected officials have decided that $4.00 per gallon gas is OK for us to spend. Conservatives think that it's bad to regulate prices .. free market at nearly any cost. Liberals think that if the price gets high enough, then we'll use less gasoline. Higher prices, so far, have not caused the consumer to lower consumption. It is estimated that we'll consume less starting at the $4.00 per gallon price. These two add up to a free pass to price gouge the consumer. Who is doing the gouging? Oddly enough it isn't the oil companies doing it .. Every day I watch the wholesale price of gasoline on CNBC. For a very long time, there has been a rough mark up of the wholesale price to the gas pumps of about $0.65 per gallon. This $0.65 covers the various taxes and retail markup. Over the last four or 5 weeks that wholesale/retail spread has widened an additional $0.40 per gallon. Every single reason given by all the talking heads for the gain in gas prices have nothing to do with this gain in spread. Example: The last time gas prices were this high was just after Katrina. The price of oil hit about $80 per barrel. It is now about $60. Any bad news impact does not explain why we pay the extra money at the pump. Someone or someones has decided to collect the extra $20 per barrel. That extra money has nothing to do with refineries or Nigeria or anything else .. If it did then the price of oil would now be about $80 per barrel. The impact would be seen there before we saw it at the pumps. The extra money is being siphoned off between the big oil companies and the gas pumps. Some very bad signs are that nobody seems to notice and it seems to have taken place nationwide all at once. ... nationwide price fixing by wholesalers .. those between big oil and the pumps .. and our politicians think it just might be a good idea. [end of this rant for the time being]

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