Oil prices fall, pump prices don't

Oil prices fall, pump prices don't

There are 68 comments on the WOOD-TV Grand Rapids and Michigan story from May 28, 2008, titled Oil prices fall, pump prices don't. In it, WOOD-TV Grand Rapids and Michigan reports that:

Though the price of a barrel of oil dropped below $126 Wednesday, the price of a gallon of gas has not dropped at the same rate.

Join the discussion below, or Read more at WOOD-TV Grand Rapids and Michigan.

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pjdutchville

United States

#64 May 30, 2008
Refining capacity is one of the major problems we face.
mimi

Grand Rapids, MI

#65 May 30, 2008
I just don't understand why they use the excuse that demand is high. It's the same as always, it's not like we placed a billion extra cars on the roads in a particular day. I feel frustrated, it's not like we have a choice, we have to drive, we don't just step out of the house into the bus stop, we have kids we have to carry also, and talk about the winter, we can't be walking with children in the cold and snow. They know all this and take advantage of it, the sad thing is that the gov. who should be looking after it's people are only thinking about enriching themselfs. We will pay whatever the price of gas is, and there's nothing we can do.
old_timer

Syracuse, NY

#66 May 30, 2008
Brittany wrote:
<quoted text> China has created hydrogen generators, which convert water into energy. However, they are illegal to bring into the U.S. This might just have soemthing to do with the fact that if everyone starts using water to fuel their cars and heat their homes, the government won't get all that money from oil that we buy! We have a pathetic corrupt government that does not give a sht about us. Just their money.
Scroll back Bittany, I didn't write that piece.
pjdutchville

United States

#67 Jun 2, 2008
spookie wrote:
who says we can't vote for Ron Paul? Try voting for someone you know can make a change.... he only dropped out because he doesn't have money to keep going with his campaign, or so I've been told. This keeps up, we're gonna hit the bottom before long, even with the Economic Stimulus Payment (or whatever you like to call it) or the minimum wage being raised, it still isn't going to help us. Why not just vote for Ron Paul? see what happens? Maybe if enough people voted for him it will happen. People only pay full price because they're told to, not because they negotiate for it (I don't think people know they can negotiate most things, especially in a grocery store!). That is why new vehicles cost so much, because most people pay the full price instead of negotiating.
Ron Paul had the same opportunity to raise as much money as any other candidate. The problem is, he didn't. But if you can convince say, 68 million people to vote for him, he might have a shot at winning. If you want to cast your vote for him, go ahead...it's a free country.

And the biggest reason that a new car costs so much, is because of the built-in cost to pay for the benefits for all of that union labor.
Old Rocker

Deerfield, IL

#68 Jun 2, 2008
Marcus V wrote:
I think it's time we start looking to US soil for oil. I understand that most of our oil comes from Canada, and a little from the Middle East. But why can't we be more self sufficient? On top of that, wouldn't it create more jobs in the US? The Caribou and other animals can wait a little bit until we come up with an cost effective, clean, alternative fuel..
This should have been started in the 70's.
We also need to replace the internal combustion engine with affordable alternate technologies. There are already other technologies out there that could be developed. This would take a long time, but it would create jobs in the process.
AmberandJosh

South Haven, MI

#69 Jun 3, 2008
you know this is just the most stupidest thing that the US has ever did, people are not getting paid the money to have to spend all of it on gas. We have bills to pay and it defeats the purpose of going to work to make money when all that you are doing is making enough to get to work!!! If you want to know what i think our country has just gone to hell since Bush was put in office. I know that Clinton had PERSONAL issues, but that doesnt mean that he was a horrible president, because atleast with him we had lower gas prices, we were not in a war and we had no debt. That is why our gas is so high it is because Bush is trying to pay off his debt with our Gas Money!!! it is just not right at all!!!!!!
NONE OF YOUR BUSINESS

Ashburn, VA

#70 Jun 3, 2008
upset wrote:
I agree, it is rediculous. The moment the price of a barrel goes up so do the prices at the pump. Now that the price is dropping, one would assume that price at the pump should drop also. Not a chance. They talk about supply and demand, please, people have not cut back on the use of the fuel enough to make a slight dent the big mans pocket. I am tired of the little guy being taken for a ride.
This is what I've been saying for quite some time, it's not about supply and demand. It's about the GREED of the supplier, then of course all the college educated "experts" start quoting their textbooks.

Since: Jun 08

Grand Rapids, MI

#71 Jun 4, 2008
Let the richer get richer and the poorer get poorer.

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