How are gas prices set?

How are gas prices set?

There are 17 comments on the WTSP Tampa Bay story from May 28, 2008, titled How are gas prices set?. In it, WTSP Tampa Bay reports that:

Tampa, Florida There is some good news on the gas front today: oil prices dropped to below $127 a barrel.

Join the discussion below, or Read more at WTSP Tampa Bay.

Since: Apr 08

Palm Harbor, FL

#2 May 28, 2008
yeah yeah yeah.. They can keep telling us how and why and how the rich like punk azz Bush sympathizes but they will never do anything about it as long as the population does nothing to try and take the cash back out of their pockets. Until that happens nothing will ever happen to better this
ewharper

Range, AL

#3 May 28, 2008
All that high definition video technology Channel 10 has, and you gotta record on a cell phone? Where's the camera man? Come on Preston!
LAV

Quinton, VA

#4 May 28, 2008
Joe of Port Richey wrote:
yeah yeah yeah.. They can keep telling us how and why and how the rich like punk azz Bush sympathizes but they will never do anything about it as long as the population does nothing to try and take the cash back out of their pockets. Until that happens nothing will ever happen to better this
Take cash out of there pockets? If any one is to blame it's Bill Cliton along with all the democrats that vote angaist drilling for domestic oil.
The price per barrle goes up and down every day but the price at the pump just goes up and never goes down.

Since: Feb 07

St. Petersburg, FL

#5 May 28, 2008
ewharper wrote:
All that high definition video technology Channel 10 has, and you gotta record on a cell phone? Where's the camera man? Come on Preston!
We're experimenting with some different ways to get video online quickly that doesn't necessarily involve all of our big heavy camera equipment.

Preston obviously won't be doing his full story using the handheld camera.
rich

Dade City, FL

#6 May 28, 2008
LAV wrote:
<quoted text>
Take cash out of there pockets? If any one is to blame it's Bill Cliton along with all the democrats that vote angaist drilling for domestic oil.
The price per barrle goes up and down every day but the price at the pump just goes up and never goes down.
Until last november the house was controlled by the republicans..so why blame the dems.. the republicans had 8yrs to straighten it and out.. but the price goes up.. hmmm who screwed up?
poor man -tampa

United States

#7 May 28, 2008
MR RICH, yes you are correct, the republicans were in charge until Nov, and look at what has happen SINCE THE DEMS TOOK OVER !!! HIGH gas prices, failing housing market, shall I go on......
poor man -tampa

United States

#8 May 28, 2008
I don't recall paying over $2.75 per gallon in
Oct 07
Geraldine Strehl

Tampa, FL

#9 May 28, 2008
Tryingv to find the link for Cheap gas prices Rivervvie area

33569
Joe land o lakes

Saint Petersburg, FL

#10 May 28, 2008
Geraldine Strehl wrote:
Tryingv to find the link for Cheap gas prices Rivervvie area
33569
good luck with that.what is cheap gas???
when you find it let me know
Doug

Tampa, FL

#11 May 28, 2008
Just hearing your report on the price of gas..I was amazed to find that a station can actually charge customers on what they expect to pay on their next delivery. Why is this allowed?? Or why do prices change daily, yet oil sells on futures 120 days in advance...it should increase or decrease accordingly every 120 days. Why don't we insist that our Government allow drilling and exploration? We have over 200 years of oil just sitting there...and if Congress keeps stopping the Oil companies from tapping it...tell Congress enough is enough.
Doug

Tampa, FL

#12 May 28, 2008
I see the question "Why blame the Dem's". The Dem's keep blocking oil companies from processing and drilling for oil. The Dem's used giving every American Homes as a tax windfall...every new home through Fannie or Freddie May and Strens increased the Dem's tax based so Clinton could look good on paper. Taxing the Oil companies would furtuer increase prices at the pumps. Oil companies make 4% profit...Government makes 44.9%-54.9%. A penny saved is a penny earned...so every $1.00 paid at the pump the Oil companies get 0.04 cents. Government get's 45 to 55 cents for every dollar. Bush is the Greatest President we have had in a very long time...and history will show this truth.
corvett

United States

#13 May 28, 2008
WOW! there is a lot of stupid people!
Grady Jud for president.
Lara

Palmetto, FL

#14 May 28, 2008
Working by a gas station, we've seen the prices change every couple of days- sometimes twice in one day. This happens even when a shipment hasn't come. If this happened after a hurricane, they'd call it price gouging. So how can the owners get away with it when they didn't get a new shipment??

LAV

Since: May 08

Quinton, VA

#15 May 28, 2008
rich wrote:
<quoted text>Until last november the house was controlled by the republicans..so why blame the dems.. the republicans had 8yrs to straighten it and out.. but the price goes up.. hmmm who screwed up?
LOL the majorty of the vote against drilling domestic oil was and is from the dems, regarless of who is in control of the house both parties must agree right? at least some what?
As I recall the one time it passed te house Bill Clinton vetod drilling in anwr. he must vacation there.
Fred

AOL

#16 May 28, 2008
I'd like to know how much stock and holding the bush Family have in OIL???
Simon

Saint Petersburg, FL

#17 May 28, 2008
simple - the more big oil campaign contributors you have, the higher gas will be towards the end of your term. gotta get that "return on investment" somehow!
LMA

Polk City, FL

#18 May 29, 2008
How are gas prices set?
Bend Over....

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