Why gasoline prices are where they are

Discussion in 'Peak Oil' started by -06, Feb 26, 2012.

  1. -06

    -06 Monkey+++

    A Summary of Obama’s actions on energy policysince January 2009:

    • February 4, 2009 – Just months after Obama’sEnergy Secretary said, “Somehow we have to figure out how to boost the price ofgasoline to the levels in Europe,” the Regime begins “scrapping leases foroil-shale development” and cancels 77 leases for oil and gas production inUtah.
    Gas is $1.91 a gallon.

    • March 7, 2009 – ABC News says the White House is“closely
    monitoring” the expedited Solyndra loan project even as it was delaying newAmerican energy production that would help make us less dependent on foreignenergy.
    Gas is $1.94 a gallon.

    • June 27, 2009 – Obama urges the Senate to adoptHouse Democrats’ “cap and trade” national energy tax – the same plan O onceadmitted would cause electricity rates to “necessarily skyrocket.”
    Gas is $2.50 a gallon.

    • January 7, 2010 – The Regime announces newbureaucratic hurdles to American energy production that Secretary Salazaradmitted “could add delays to the leasing and drilling process.”
    Gas is $2.67 a gallon.

    • March 31, 2010 – Instead of opening new areas toenergy exploration and development, Obama blocks deep-ocean energy productionon 60% of America’s Outer Continental Shelf.
    Gas is $2.80 a gallon.

    •December 1, 2010 – Obama re-imposes and expandsthe moratorium on offshore energy production.
    Gas is $2.86 a gallon.

    • January 2, 2011 – TIME
    reports that the Obama Regime issued the first in a series of regulationsdesigned to unilaterally impose a national energy tax.
    Gas is $3.05 a gallon.

    • May 5, 2011 – The Regime issues a formalstatement opposing House-passed Restarting American Offshore Leasing Now Act(H.R. 1230), and Putting the Gulf of Mexico Back to Work Act (H.R. 1229)legislation designed to jumpstart American energy production, address risinggas prices, and help create new jobs.
    Gas is $3.96 a gallon.

    • June 21, 2011 – The Regime opposes theHouse-passed Jobs & Energy Permitting Act that would unlock an estimated 27billion barrels of oil and 132 trillion cubic feet of natural gas.
    Gas is $3.65 a gallon.

    • November 8, 2011 – The Regime releases a planfor a five-year moratorium on offshore energy production, placing “some of themost promising energy resources in the world off-limits,” according to theHouse Natural Resources Committee.
    Gas is $3.42 a gallon.

    •January 18, 2012 – Obama rejects the bipartisanKeystone XL pipeline and the more than 20,000 jobs that would come with it.
    Gas is $3.39 a gallon.

    • February 24, 2012 – Average price of gas: $3.64

    The ONLY place the democrats want to drill is thewallets of the American people.
  2. ColtCarbine

    ColtCarbine Monkey+++ Founding Member

    They forgot another factor on price of oil

    Sanctions against Iran did not help either.

    TnAndy likes this.
  3. Midnightblue72

    Midnightblue72 Monkey++

    Does not the devaluation of the USD play a major part in this?

    In 1913 you could buy as much with a dollar as you can with $22 in 2010. By 1920, the dollar was worth only half - about $10 in today's value. Deflation (the opposite of inflation) during the Great Depression of 1929 increased the value of the dollar to $13. By 1940, the dollar was worth even more - it could buy as much as $15.57 could today.By 1950, the dollar's value had fallen back to $10. It has fallen ever since:

    • 1960 = $7.67
    • 1970 = $5.62
    • 1980 = $2.65
    • 1990 = $1.67
    • 2000 = $1.27.
    Value of a Dollar Today - What Is the Value of a Dollar Today - Calculate the Value of a Dollar Today


    1980 246.80 $0.405 13.5
    1981 272.40 $0.367 10.4
    1982 289.10 $0.346 6.1
    1983 298.40 $0.335 3.2
    1984 311.10 $0.321 4.3
    1985 322.20 $0.310 3.6
    1986 328.40 $0.305 1.8
    1987 340.40 $0.294 3.6
    1988 354.30 $0.282 4.1
    1989 371.30 $0.269 4.8 Berlin Wall falls
    1990 391.40 $0.255 5.4
    1991 408.00 $0.245 4.2 USSR dissolved; Persian Gulf War
    1992 420.30 $0.238 3
    1993 432.70 $0.231 3
    1994 444.00 $0.225 2.2
    1995 456.50 $0.219 2.8
    1996 469.90 $0.213 2.9
    1997 480.80 $0.208 2.3
    1998 488.30 $0.205 1.6
    1999 499.10 $0.200 2.2
    2000 515.80 $0.194 3.4
    2001 530.10 $0.189 2.8 Attack on U.S. (9-11) [ 1 ] [ 2 ] [ 3 ] [ 4 ]
    2002 538.80 $0.186 1.6 (Oct. 2001) Invasion of Afghanistan
    2003 551.10 $0.181 2.3 Invasion of Iraq
    2004 565.80 $0.177 2.7 oil price increases
    2005 585.1 $0.171 3.3
    2006 603.9 $0.166 3.1
    2007 621.1 $0.161 2.9
    2008 645 $0.155 3.9
    2009 642.7 $0.156 -0.4
    2010* 651.7 $0.153 1.4

    Cephus, ColtCarbine and TnAndy like this.
  4. Suerto

    Suerto Monkey+

    Look at price per gallon in US, and the price per litre in any other country, at anytime in history, and you may see that the dollar purchased more gas per unit at any given time.

    We came off the gold standard, and made the dollar the standard monetary valuation unit for oil (not called black gold for nothin)

    We unhinge the dollar from oil, and that will be the end of the dollar, aka, gas prices thru the roof, and inflation. and that's scares the hell outta TPTB.. (not Obama, the real people in charge) they let him play his little game with hydrocarbons because they could profit from it.

    If you recall, he was ranting about BP incessantly after the spill, and then thier shares began to drop, and affected pensioners in UK, shortly thereafter, Obama never uttered another word about BP (negatively)

    They see now that allowing the global economy to crash, isn't quite the best thing to do.. But they do not want to be beholden to the Chinese or Russians, cuz they have little leverage over them like they do, the rest of the western world. Until they figure out an exit of the dollar, we will maintain the status quo as long as possible...
  5. TnAndy

    TnAndy Senior Member Founding Member

    A VERY major part.

    A pre-65 90% silver US quarter will currently fetch 6 present day "Federal Reserve Note" dollars

    That means gasoline, in terms of pre-65 REAL money is still about 15-20 cents/gallon.

    Gas in 1965, about the time I started driving, was about 30 cents/gallon....quarter plus a nickel.

    Hence, in real terms, gasoline has actually gone down.

    People just have NO CLUE for the most part how bad the govt and the FED are screwing us.
  6. -06

    -06 Monkey+++

    Andy said: "People just have NO CLUE for the most part how bad the govt and the FED are screwing us"..........Many do but there is very little we can do to correct it. We are being sheared just as the rest of the sheep. We work about 1/2 of each year JUST TO PAY TAXES. Guess we should be like the Japaneese saying--"Be happy in your work".
  7. Suerto

    Suerto Monkey+

    off topic..
  8. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Not that it matters much, but 4 closest stations just rolled over to 4.039 per gallon
    yippee. but closest to work is 3.829. Little matter, as tis already showing up in food prices in the past 2 weeks. Big jumps. C'mon spring. I've got a garden to get in. All 3500 sq feet of it!
  9. Tikka

    Tikka Monkey+++

  10. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    w00t! the prices are 3.79 all over. seems the gougers and the undercutters met in the middle ish.
  11. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

    No such thing as gougers. They are a gas station and they bought the land, took the financial risk and when they put the price up, you decide if you want to pay and stop or drive by. if you think they are gouging and everyone else does, no one will stop and they will have to lower their prices. no demand = lower the price
  12. ColtCarbine

    ColtCarbine Monkey+++ Founding Member

    What about the abundance of people in DC that could be making policies to fatten their wallets, being quite a few have large investments in energy and oil companies.
    Gator 45/70 likes this.
  13. Gator 45/70

    Gator 45/70 Monkey+++

    VisuTrac likes this.
  14. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    I'm still going to call them gougers. But it might be that they are right off the interstate, next exit with gas is 15 miles. Only the fools that need gas stop there. Locals avoid them.
  15. Gator 45/70

    Gator 45/70 Monkey+++

    Gougers have alway's set up next to I-someplace...Nature of the beast...
  16. Suerto

    Suerto Monkey+

    you haven't experienced gougers, until you've seen the only station with backup power still going after 3wks when no-one else in a 30 mile radius has electricity after a hurricane..

    that my friend, is true gouging..
    or supply & demand..
    people were buying at the high price.

    Life aint fair, and if you want the govt to regulate fairness into life..

    well, what we have presently in these United States, is what you get.
    you cannot ask the govt to stay out of your business, and then whine to them to intercede when you think someone else's business isn't fair..
    IMO that is a true "republic", letting nature run its course.

    And relying on "natural" laws, to regulate fairly..
    supply and demand, is a natural law..
  17. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

    Land at the freeway exits is more expensive than other areas especially at the right road intersections like the Indian River exit on I-75 with the Shell station and McDonalds or BP and Burger King. You sure route to Petosky or you can keep during north and get killed even worse in Mackinaw City.

    Or you can fill up in standish where there is good competition and make it all the way to deer camp! Without getting gouged.
    VisuTrac likes this.
  18. ssonb

    ssonb Confederate American

    Another side to this "coin"...The Obummer has made a very big impression on the BIG OIL companys in speech and action. If I here BIG OIL I would creep up the price of gasoline to 5.00 or above the closer to election we get cause the sitting Prez gets the blame for the failed policys and high prices, This might be a small price to pay to get him unelected! I'll pay it for a while, a little pain now will be small compaired to fo mo years of this.
    scrapman21009 likes this.
  19. ColtCarbine

    ColtCarbine Monkey+++ Founding Member

    and it's also about supply and demand
  20. ssonb

    ssonb Confederate American

    Yep like the very large SUPPLY that a frendly northern neighbor has and the DEMAND that it be sent elsewhere...(no arguement here just a houmorus comment)
survivalmonkey SSL seal        survivalmonkey.com warrant canary