Summer gasoline prices 16 cents less ...

Summer gasoline prices 16 cents less than 2012; why not lower?

There are 39 comments on the www.latimes.com story from May 8, 2013, titled Summer gasoline prices 16 cents less than 2012; why not lower?. In it, www.latimes.com reports that:

Blame those exports.

U.S. refineries have been exporting record amounts of fuel overseas

U.S. refineries have been exporting record amounts of fuel overseas

Summer gasoline prices will be lower in the U.S. than they were last year. But they won't be much lower, experts say, because U.S. refineries have been exporting record amounts of fuel overseas.

That's behind what would normally just be a good news story for U.S. drivers. U.S. production of its own crude oil is booming at such a rate that it is expected to reach 8.2 million barrels a day in 2014 for the first time since 1988, the Energy Department says.

U.S. production of its own crude oil is booming at such a rate that it is expected to reach 8.2 million barrels a day in 2014

Join the discussion below, or Read more at www.latimes.com.

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BandMaster

Since: Sep 11

Location hidden

#1 May 8, 2013
Barack has to go. Benghazi.

“Hello Trump”

Since: Jan 07

Goodby Hillary

#2 May 8, 2013
Big freaking whoop. In 2007 gas was $1.60 and change. By 2009 it was over $3.00/gal and climbing. THE overriding factor has been our petro-phobic President and his reluctance for comprehensive,PROductive energy policies.
Chuck Hays

Clifton Hill, MO

#3 May 8, 2013
okimar wrote:
Big freaking whoop. In 2007 gas was $1.60 and change. By 2009 it was over $3.00/gal and climbing. THE overriding factor has been our petro-phobic President and his reluctance for comprehensive,PROductive energy policies.
In the summer and fall of 2008 it was $4.25 a gallon. Obama wasn't President then.

“Hello Trump”

Since: Jan 07

Goodby Hillary

#4 May 8, 2013
Chuck Hays wrote:
<quoted text>
In the summer and fall of 2008 it was $4.25 a gallon. Obama wasn't President then.
Gas peaked HERE at $360 something in '08and was falling. By fall of '08n it was around $2.00 or so. Why did the trend reverse when Obama was elected? Has it even been CLOSE to $2.00 on President Obama's watch?

Since: Dec 07

Spring, TX

#5 May 8, 2013
Chuck Hays wrote:
<quoted text>
In the summer and fall of 2008 it was $4.25 a gallon. Obama wasn't President then.
It peaked at 4.12 summere of 2008, by Nov. 2008 it went back down to 1.45, Bush was still President when it went down.

http://www.gasbuddy.com/gb_retail_price_chart...
Try again.

“I Am No One Else”

Since: Apr 12

Seattle

#6 May 8, 2013
okimar wrote:
<quoted text>Gas peaked HERE at $360 something in '08and was falling. By fall of '08n it was around $2.00 or so. Why did the trend reverse when Obama was elected? Has it even been CLOSE to $2.00 on President Obama's watch?
Does anyone not realize that the president himself has no control over this? It's the stock market, based on predictions of supply and demand, that ultimately determines how much companies will charge for anything. Such as the increase in electric car sales also seen at the same time, or the wars threatening to cut off a large portion of the supply ... or any of the hundreds of other events that can change the supply and demand of the product.

Sheesh, it's all about "us vs. them" bull now, and none of the supporters are smart enough to see that they're part of the problem.

“Hello Trump”

Since: Jan 07

Goodby Hillary

#7 May 8, 2013
KittenKoder wrote:
<quoted text>
Does anyone not realize that the president himself has no control over this? It's the stock market, based on predictions of supply and demand, that ultimately determines how much companies will charge for anything. Such as the increase in electric car sales also seen at the same time, or the wars threatening to cut off a large portion of the supply ... or any of the hundreds of other events that can change the supply and demand of the product.
Sheesh, it's all about "us vs. them" bull now, and none of the supporters are smart enough to see that they're part of the problem.
A President's policies on energy makes a difference. Businesses plan/project years out. If a President is petro-phobic/hostile in his policies towards that business sector it reflects in the market place. Thus we've had $3.00+/gal for the past 5 years.

“I Am No One Else”

Since: Apr 12

Seattle

#8 May 8, 2013
okimar wrote:
<quoted text>A President's policies on energy makes a difference. Businesses plan/project years out. If a President is petro-phobic/hostile in his policies towards that business sector it reflects in the market place. Thus we've had $3.00+/gal for the past 5 years.
One of hundreds of factors that impact price, did you not read what I typed? One of many hundred of factors means: No direct control over the price.

“Hello Trump”

Since: Jan 07

Goodby Hillary

#9 May 8, 2013
KittenKoder wrote:
<quoted text>
One of hundreds of factors that impact price, did you not read what I typed? One of many hundred of factors means: No direct control over the price.
An INFLUENTIAL one.......

“I Am No One Else”

Since: Apr 12

Seattle

#11 May 8, 2013
okimar wrote:
<quoted text>An INFLUENTIAL one.......
Not nearly as influential as you think. Anyhow, if the companies need our government's money in order to make a profit, they shouldn't exist at all. S if what you're saying is correct, screw the oil companies for being poorly managed and operated companies as to need a government handout.

Since: Dec 07

Spring, TX

#12 May 8, 2013
KittenKoder wrote:
<quoted text>
Not nearly as influential as you think. Anyhow, if the companies need our government's money in order to make a profit, they shouldn't exist at all. S if what you're saying is correct, screw the oil companies for being poorly managed and operated companies as to need a government handout.
They don't get governments money..they get tax breaks for exploration, research, university support, payroll, and construction of new facilities. Yes, they have record profits which go back into the above mentioned catagroies. Takes a lot of money to produce a tank of gas for you to drive your SUV to protest meetings and for al gore to fly his lear jet.

“I Am No One Else”

Since: Apr 12

Seattle

#13 May 8, 2013
Bluebonnets-Thistle wrote:
<quoted text>
They don't get governments money..they get tax breaks for exploration, research, university support, payroll, and construction of new facilities. Yes, they have record profits which go back into the above mentioned catagroies. Takes a lot of money to produce a tank of gas for you to drive your SUV to protest meetings and for al gore to fly his lear jet.
You should probably get to know someone before attempting to assert things about them. I don't drive, at all, I take the bus when it's a long distance, but prefer to walk actually. I discount everything said by Gore, oh, and Gore likes oil companies, he owns stock in them, FYI.

Tax breaks ARE government handouts, moron. The same tax breaks that the government has given "green" companies, actually, all of which I am against because they are picking favorites. End of story, if you are for the government picking the winners, then you are not conservative, idiot.

Since: Dec 07

Frankston, TX

#14 May 8, 2013
KittenKoder wrote:
<quoted text>
You should probably get to know someone before attempting to assert things about them. I don't drive, at all, I take the bus when it's a long distance, but prefer to walk actually. I discount everything said by Gore, oh, and Gore likes oil companies, he owns stock in them, FYI.
Tax breaks ARE government handouts, moron. The same tax breaks that the government has given "green" companies, actually, all of which I am against because they are picking favorites. End of story, if you are for the government picking the winners, then you are not conservative, idiot.
No, jerkoff...you so far off base you're getting picked off. Without the tax breaks..gasoline would be $25 a gallon and your bus fare would unaffordable.........you have no idea what I'm for..just contradicting your bogus accusations, bozo.

“I Am No One Else”

Since: Apr 12

Seattle

#15 May 8, 2013
Bluebonnets-Thistle wrote:
<quoted text>
No, jerkoff...you so far off base you're getting picked off. Without the tax breaks..gasoline would be $25 a gallon and your bus fare would unaffordable.........you have no idea what I'm for..just contradicting your bogus accusations, bozo.
Guess who pays for those "tax breaks," you are still paying $25 a gallon. Gah, you paranoid liberals are all such idiots.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#16 May 9, 2013
okimar wrote:
<quoted text>A President's policies on energy makes a difference. Businesses plan/project years out. If a President is petro-phobic/hostile in his policies towards that business sector it reflects in the market place. Thus we've had $3.00+/gal for the past 5 years.
Almost correct.
The president has no say on exports, but the congress has.

If the US Congress were to approve a high export tariff, then President Obama could enforce it, and bring our gasoline prices down to below $2.30.

Look at the story again.
Our price for gasoline is high because our US fuel is being exported onto the world market for higher profit.

This is why KEYSTONE XL will do nothing for us. It is also for export, Canade to China.

“Hello Trump”

Since: Jan 07

Goodby Hillary

#17 May 9, 2013
Mr_Bill wrote:
<quoted text>
Almost correct.
The president has no say on exports, but the congress has.
If the US Congress were to approve a high export tariff, then President Obama could enforce it, and bring our gasoline prices down to below $2.30.
Look at the story again.
Our price for gasoline is high because our US fuel is being exported onto the world market for higher profit.
This is why KEYSTONE XL will do nothing for us. It is also for export, Canade to China.
Petroleum products are a global commodity. Every country that produces sells on that market. Others buy as needed or can afford to. Partially I have no problem with that. On the other hand there is a complicated issue of needs. Here we have the refining capability that makes us(US)the world's supplier of gas derived from crude,along with other products. The bulk of which is exported,sold on the open market. Our DOWN side is the failure to expand our refining capabilities. We haven't duilt a NEW refinery in over two decades. And the ones we DO have are ageing. Not to mention the occasional shut down of one due to fire/explosion,which leaves us(US)with even less refining capability. We need at least another 20/25 NEW refineries built to increase or ability to supply not just America,but the world. OR we can choose to become dependant on any Country that out paces us(US)in that capacity.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#18 May 9, 2013
okimar wrote:
<quoted text>Petroleum products are a global commodity. Every country that produces sells on that market. Others buy as needed or can afford to. Partially I have no problem with that. On the other hand there is a complicated issue of needs. Here we have the refining capability that makes us(US)the world's supplier of gas derived from crude,along with other products. The bulk of which is exported,sold on the open market. Our DOWN side is the failure to expand our refining capabilities. We haven't duilt a NEW refinery in over two decades. And the ones we DO have are ageing. Not to mention the occasional shut down of one due to fire/explosion,which leaves us(US)with even less refining capability. We need at least another 20/25 NEW refineries built to increase or ability to supply not just America,but the world. OR we can choose to become dependant on any Country that out paces us(US)in that capacity.
Ulimately, the mineral wealth of the US belongs to us all. Our system grants mineral 'rights' to exploit them. With petroleum, there alre also tract leases.

The fuel being exported is refined fuel, so your refinery argument, while relevent, is a dead end.

A tariff is a win-win for us. Money derived can pay down the National Debt. Lower domestic prices will lead to more development and quicker recovery and job creation.

The US can certanly extract a tariff, or royalty on any fuel we export. However, that would hurt the contributers to many congressmen, of both parties, by shaving their profit; even though it would probably end much of our US economic suffering.
So, the choice is
EXCESS PROFIT OR PATRIOTISM.
XDR

Miami, FL

#19 May 9, 2013
Mr_Bill wrote:
<quoted text>
Almost correct.
This is why KEYSTONE XL will do nothing for us. It is also for export, Canade to China.
Not necessarily true--adding more supply to the world oil markets will pressure world oil prices downwards. America buys oil on the world market. There may be some benefit to American consumers.

“Hello Trump”

Since: Jan 07

Goodby Hillary

#20 May 9, 2013
Mr_Bill wrote:
<quoted text>
Ulimately, the mineral wealth of the US belongs to us all. Our system grants mineral 'rights' to exploit them. With petroleum, there alre also tract leases.
The fuel being exported is refined fuel, so your refinery argument, while relevent, is a dead end.
A tariff is a win-win for us. Money derived can pay down the National Debt. Lower domestic prices will lead to more development and quicker recovery and job creation.
The US can certanly extract a tariff, or royalty on any fuel we export. However, that would hurt the contributers to many congressmen, of both parties, by shaving their profit; even though it would probably end much of our US economic suffering.
So, the choice is
EXCESS PROFIT OR PATRIOTISM.
My wife and I "own" a 70+ acre farm... Since you are into the "collective" WE. HOW much of OUR farm do you own? I don"t recall you sending any payments for the purchase of the land OR porforming any of the needed jobs for the upkeep of the place....

Please send me an address where I might send a Bill.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#21 May 9, 2013
XDR wrote:
<quoted text>
Not necessarily true--adding more supply to the world oil markets will pressure world oil prices downwards. America buys oil on the world market. There may be some benefit to American consumers.
Your theory is that if we feed the world, we will derive a benefit from the "big picture." BALONEY.

We will pay much higher fuel prices, and the world price won't know the differnce.
What cabbage truck did you fall off?

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