Why Gas Prices Are Rising So Soon

Why Gas Prices Are Rising So Soon

There are 66 comments on the Hartford Courant story from Mar 14, 2007, titled Why Gas Prices Are Rising So Soon. In it, Hartford Courant reports that:

Temporary Refinery Shutdowns Seen As One Factor; Governor Calls For Investigation March 15, 2007 By MARK PETERS , Courant Staff Writer The groans over rising gas prices are starting earlier this year.

Join the discussion below, or Read more at Hartford Courant.

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High School Parent

South Windsor, CT

#1 Mar 15, 2007
you know........its just pathetic how these oil companies find any excuse.......whatsoever, to justify price increases. I predicted this already. But they can do what they want...when they want and there's not a damn thing we can do. No matter what the governor or anyone else does, the bottom line is the oil companies have all the influence on what controls the driving population. I just hope one day a really good alternate solution to gasoline is found...and the oil companies are driven straight to hell !
JoeyB

Jamesville, NC

#2 Mar 15, 2007
The oil companies found out last year that no matter how high the prices go, people will not cut back and continue to fill their tanks.

As a result, we'll continue to see record oil company profits and there's nothing anyone can do about it.
Joe

Boston, MA

#3 Mar 15, 2007
If you don't like high gas prices, then don't buy gas!
bboomerr

Corona, NY

#4 Mar 15, 2007
the cause for rising gas prices is rather complex... this article does a good job pointing out that refining units are typically taken off line for spring maintenance. however, it fails to mention that a root cause for demand going up is the recent switch to using ethanol as a blending component. this switch has merit, but it is not a panacea for getting off foreign oil as it takes more energy to produce ethanol than there is energy contained within it. consequently, when you fill your tank you are, depending on the blending ratios between the gas and ethanol additive, getting at the very best about 10% LESS mileage per tankful. ths means that during the peak summer vacation driving season here in the USA, we are going to be consuming more gas that in previous years to travel to the same places, which means we need more oil to refine.
Tony

Newington, CT

#5 Mar 15, 2007
I agree with Joe. Quit whining and try public transit, walk, or ride a bike.

There is already a good alternative to internal combustion. Don't drive.
bboomerr

Corona, NY

#6 Mar 15, 2007
one more thing.... americans need to keep a perspective on what we pay for gasoline.... for compared to ALL other major industrialized nations in the world, the price per gallon paid here is 75% cheaper per gallon equivalent. moreover, the total volume of oil consumed in america daily (i.e. all products like jet fuel, diesel, heating oil, gasoline, etc) equates to roughly 25% of the total daily global crude oil production. so despite prices going up each year, we have it better than anywhere else AND the supply is reliable. it is not our given right to expect cheap reliable energy. if you would like to complain about the amount of money oil companies make, then go out and buy stock in these companise and then participate in great job they are doing making money for their shareholders, othewise, stop complaining!

“the baby who would be king!!!!”

Since: Jan 07

fort worth

#7 Mar 15, 2007
JoeyB wrote:
The oil companies found out last year that no matter how high the prices go, people will not cut back and continue to fill their tanks.
As a result, we'll continue to see record oil company profits and there's nothing anyone can do about it.
your statement about nothing anyonce can do is not true !

we have the ultimate power people ! change your behaviors and practices and stop buying the gas and i promise the companies will take notice !
bboomerr

Corona, NY

#8 Mar 15, 2007
the cause for rising gas prices is rather complex... this article does a good job pointing out that refining units are typically taken off line for spring maintenance. however, it fails to mention that a root cause for demand going up is the recent switch to using ethanol as a blending component. this switch has merit, but it is not a panacea for getting off foreign oil as it takes more energy to produce ethanol than there is energy contained within it. consequently, when you fill your tank you are, depending on the blending ratios between the gas and ethanol additive, getting at the very best about 10% LESS mileage per tankful. ths means that during the peak summer vacation driving season here in the USA, we are going to be consuming more gas than in previous years to travel to the same places, which means we need more oil to refine.
Lucas Murdock

Bristol, CT

#9 Mar 15, 2007
There is one thing that you did not mention. Last November the Republicans had their oil company buddies lower prices in an attempt to keep their stranglehold on the government. Those lost profits must now be recouped. We can't have Exxon Mobil not set another record breaking profit year. The horror of it!We MUST keep the trend of breaking the profit record each year. This is America!

Since: Mar 07

Harrison, NJ

#10 Mar 15, 2007
bboomerr wrote:
the cause for rising gas prices is rather complex... this article does a good job pointing out that refining units are typically taken off line for spring maintenance. however, it fails to mention that a root cause for demand going up is the recent switch to using ethanol as a blending component. this switch has merit, but it is not a panacea for getting off foreign oil as it takes more energy to produce ethanol than there is energy contained within it. consequently, when you fill your tank you are, depending on the blending ratios between the gas and ethanol additive, getting at the very best about 10% LESS mileage per tankful. ths means that during the peak summer vacation driving season here in the USA, we are going to be consuming more gas than in previous years to travel to the same places, which means we need more oil to refine.
Carefull there bboomerr, you're making the fatal mistake of making sense and on this board that is definitely taboo. The weirder, more outlandish, more paranoid the accusation the better in this forum.

Since: Mar 07

Corona, NY

#11 Mar 16, 2007
Lucas Murdock wrote:
There is one thing that you did not mention. Last November the Republicans had their oil company buddies lower prices in an attempt to keep their stranglehold on the government. Those lost profits must now be recouped. We can't have Exxon Mobil not set another record breaking profit year. The horror of it!We MUST keep the trend of breaking the profit record each year. This is America!
Lucas... you are either incredibly ignorant OR you just dont pay enouch attention to the news.... Acutully, you are both!!! Firstly, the republicans LOST the majority stake in both houses of congress. Yes that is right, the [brain dead liberal] DEOMCRATS hold a majority stake in the senate and house of representatives. Secondly,neither the US government nor the major oil companies control GLOBAL oil prices. Crude oil is traded around the world where the price per barrel of oil is set by the forces of supply and demand, otherwise known as a free market. The point morons like you fail to grasp is ExxonMobil, Chevron, Conoco etc are all publicly traded US for PROFIT companies that are in the business to maximize shareholder equity, which makes you eligible to participate in their success. These companies are staffed by well informed individuals, who can formulate foward market opinions that will help them to realize sigificant returns on their investments. China and India, the 2 most populus nations on earth, are experiencing enormous econonic growth. China has seen its economy grow in the neighborhood of 11%/yr for the last 4 years, taking it from the 4th largest oil consumer to the second [behind the US] in a very short period of time. ALL of these companies saw this coming from "miles" away and took advantage of the situation, BY TAKING DERIVATIVE POSITIONS in the financial markets to make huge profits, in addition to the main busines of drilling and refining oil. So despite your theory that YOU are being unfairly exploited by the big bad oil companies, you could NOT be further from the truth. Like I said in my previous postings, we Americans have the cheapest energy prices and the most reliable energy supplies than anywhere in the WROLd. I suggest you get in your delapidated inefficient "pick'em" up truck, drive to a charles schwab office and buy a few shares of an oil company so you can cheer them on for being so good at making YOU money.

Since: Mar 07

Harrison, NJ

#12 Mar 16, 2007
Bboomerr baby, I warned you. You actually said the "p" word (profit) and the "f" word (free market). Don't you know those are code words for Cheney/Halliburton?
Also, everyone knows that Bush/Cheney control GLOBAL oil prices. Do you think their Texas buddies don't force them to do their bidding?

If you keep making sense, I don't know how long you will be able to stick around. Stay on topic with the black helicopter,Bush is a moron, Bush is evil, Bush is able to control the entire world with his insidious plans even though he is an evil moron crowd.
bboomerr

Corona, NY

#13 Mar 16, 2007
Fed Up with the Socialism wrote:
Bboomerr baby, I warned you. You actually said the "p" word (profit) and the "f" word (free market). Don't you know those are code words for Cheney/Halliburton?
Also, everyone knows that Bush/Cheney control GLOBAL oil prices. Do you think their Texas buddies don't force them to do their bidding?
If you keep making sense, I don't know how long you will be able to stick around. Stay on topic with the black helicopter,Bush is a moron, Bush is evil, Bush is able to control the entire world with his insidious plans even though he is an evil moron crowd.
... i dont know if you are mocking me or praising me... but it you are funny... so i will take it as praise and say thanks!
Judy

United States

#14 Mar 16, 2007
I am amazed that there are still people who think gas prices are low here so it's ok. Come on oil prices are down do we know that no the media doesn't report it. We sure can make a difference and until we the consumer do they are going to keep making a profit PURE PROFIT It's not okay to pay high gas prices when there is NO reason for it. If everyone that could took a sick day and stayed home one day I think they would notice we need to organize look at the stupid things people gripe about
bboomerr

Corona, NY

#15 Mar 16, 2007
Judy wrote:
I am amazed that there are still people who think gas prices are low here so it's ok. Come on oil prices are down do we know that no the media doesn't report it. We sure can make a difference and until we the consumer do they are going to keep making a profit PURE PROFIT It's not okay to pay high gas prices when there is NO reason for it. If everyone that could took a sick day and stayed home one day I think they would notice we need to organize look at the stupid things people gripe about
i am amazed you think it is your given right to have cheap energy prices!!! despite that you are receiving the lowest price for ANY major industrialized country in the WORLD, why do you think are entitled to even cheaper prices??? if you had the capability to refine oil into consumable products, what would you charge??? just because the RAW material price {i.e crude oil} has fallen, it still costs $$$ to transport it, refine it and then ship it to your local filling station. what you have NOT grasped is, though US oil companies are fetching MUCH CHEAPER product prices in the US relative to the foreign oil companies selling products that are greater than 100% more expensive than what we pay, they are making a greater profit. how about this,,,, since you are complaining about gas prices, that implies you have a car... why dont you sell me your car for $10??? I bet you would not sell it to me because it not enough and there is someone out their willing to pay more... so you will be seeking the highest price possible for your possesion. this country was founded on capitalism, which provides market competition and, therefore, efficient pricing. if you do NOT like it, you can become a damn socialist for that is exactily what you and your brain dead, ill informed kind propose when you intimate seizing profits. that is absurd!!!
Phillip Turner

Asheville, NC

#16 Mar 17, 2007
What does it matter what gas pirces are we are still going to pay it and the goverment knows it so they have us where they want us. We think hybird cars going to help us, well no they just help in town not on the interstates so we are really in the say boat no matter what we do unless we go back to horse and buggy then they would say they price of hay goes up they will tax us anyways they can cuz taxes are over a dollar a gal. now for gas i rember when gas was only a dollar a gal. and i am only 31 to tell you the truth i rember when it was as cheap as .76.9 cent a gal and now we pay more than that in taxes. it is just a way for them to make money no matter what we do they going to raise prices on what we need most even water that should be close to free now we are paying more for it than a gal. of gas if you thin about it a $1.50 for 20 oz. shucks witch is worse something you can get out of a natural spring for free or gas how should we look at the world it is all about how you can get something for free is how the world works. but get more money for what you don't have or have very little in to that you got for free
Lisa O

AOL

#17 Mar 17, 2007
Has anyone tried the grocery store incentive programs. Price Chopper for example. I started the program when it first came out, and my last fillup was about 1.70/gallon
bboomerr

Corona, NY

#19 Mar 19, 2007
Todd wrote:
<quoted text>
IDIOT, how are people in rural areas going to get to work? HOw are they going to buy groceries? How are they going to get to the doctor? How are they going to going to goto college? HUH? You must have an Exxon or Texaco CEO's Dick up your ass to say something like that.
the world is NOT coming to an end.. it is just higher energy prices that should not entirely prohibit discourage OTHER discretionary spending... considering most economy sized cars have a 15 gallon tank, you are talking about an extra $1.50 per fill up for each $0.10/gallon increase in gasoline [assuming one drives until the warning light comes on]. that is rigth... for less than the cost of 1 bottle of beer or even the cost of your favorite latte at starbucks, that is what the rise in fuel amounts to. so why dont you take the dick out of your MOUTH, and stop sreaming the sky is falling???.... our energy costs are cheap relative to what anyone in europe or japan are paying... i just think americans like you and most of the people who have responded to this article complain because they are just happy to complain without thinking things through.
Todd

Toccoa, GA

#20 Mar 19, 2007
bboomerr wrote:
<quoted text> the world is NOT coming to an end.. it is just higher energy prices that should not entirely prohibit discourage OTHER discretionary spending... considering most economy sized cars have a 15 gallon tank, you are talking about an extra $1.50 per fill up for each $0.10/gallon increase in gasoline [assuming one drives until the warning light comes on]. that is rigth... for less than the cost of 1 bottle of beer or even the cost of your favorite latte at starbucks, that is what the rise in fuel amounts to. so why dont you take the dick out of your MOUTH, and stop sreaming the sky is falling???.... our energy costs are cheap relative to what anyone in europe or japan are paying... i just think americans like you and most of the people who have responded to this article complain because they are just happy to complain without thinking things through.
I never said the sky was falling, or screaming about prices, I was responding to a remark a guy made about if we wanted prices to go down, quit driving. People can't quit driving, especially people who live in rural areas. Thats all i was saying.

Since: Mar 07

Harrison, NJ

#22 Mar 19, 2007
bboomerr wrote:
<quoted text>... i dont know if you are mocking me or praising me... but it you are funny... so i will take it as praise and say thanks!
You're welcome, and I am on your side, I was actually mocking all those who see a nefarious plot behind gas prices.

What they never mention or acknowledge is that the
taxes paid to federal state and municipal agencies dwarfs any profits made bt the big bad oil companies.
The various taxes accumulated on gas would make the profits look like chump change. So the quickest way to reduce gas prices? Eliminate some of the taxes.

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