Price at the pump isna t all about th...

Price at the pump isna t all about the cost of oil | The Columbus Dispatch

There are 19 comments on the Columbus Dispatch story from Mar 13, 2011, titled Price at the pump isna t all about the cost of oil | The Columbus Dispatch. In it, Columbus Dispatch reports that:

When Jay Ricker, owner of the BP gas station off I-70 in Plainfield, Ind., set the price of unleaded gasoline at $3.44 a gallon on Monday, it was 4 cents higher than the Friday before.

Join the discussion below, or Read more at Columbus Dispatch.

I only buy gas

Blacklick, OH

#1 Mar 13, 2011
I can't remember the last time I set foot inside a gas station. I pay at the pump and don't even think about going in. Why give away more money than I have to? That would be silly.
Lfod

Defiance, OH

#2 Mar 13, 2011
When obozo is doubling the national debt in two years, and wanting to add 7 TRILLION more to"balance" the budget , IT MAKES THE DOLLAR WORTHLESS , JUST LIKE THE JUG EARRED FOOL IN the WhiteHouse!
Retired

Westerville, OH

#3 Mar 13, 2011
I must say this is a helpful article. However, almost all of the gasoline stations in my area must use the same algorithm to calculate their pump price because they change almost simultaneously to the same price, right down to the tenth of a cent.

Which brings me to another point. Why in the world don't the powers that be outlaw the practice of "the tenth of a cent" in pricing? It's goofy to me.
TimH

Columbus, OH

#4 Mar 13, 2011
This article is a repeat from earlier in the week,

This price of gas is manipulated by the refiners who control the production of gasoline to keep prices up. Earlier this year the Dept of Energy reported that there was a surplus of oil supplies in the US, but the supply of gas was down because they weren't refining it.
Miss Rosie

Beaver Falls, PA

#5 Mar 13, 2011
How long has it been since the United States had any NEW refineries built? Takes money to build them, staff them and the oil companies don't want to do it without hefty incentives from the states where the refinery could be built. Then we have a shortage of gas because supply and demand can't keep up and UP go the prices again!It is NOT just the middle east holding us hostage! Companies in our own country are doing the same thing.
Our big mistake was doing away with railroads tracks on local levels.Some enterprising individuals could use trains to "train car pool" people to work and back. They still do that in the eastern panhandle of West Virginia with trains going to Washington ,DC,daily from Martinsburg, Charles Town,etc with government and other workers.Trains did the same thing for workers going into Pittsburgh,Pa with commuters from the north of the city thru Beaver, Pa using them to get to work.BUT, the railroads gave many of their land and tracks to communities and the communities tore them out and sold the land to property owners to have bigger back yards,etc. Talk about shooting OURSELVES in the foot.Now we have few passenger trains at a local level and too high prices on gasoline.
BAD BOY

Saint Petersburg, FL

#6 Mar 13, 2011
Due to the fact= I ain't got no math smarts maybee sum one else duz
an dey kan finger out when gazz wuz $ 80 a burrell da prize at da pummp
were $3 ah gallion--now da prizez ah gallun is $ 4-- due dat meenz dat
da prizz fore da furst $80 burrel were $2.40 a galun?? if dats truee, den
didun.t da prizze jumpy upps to bout $5 a gallun in las'$20 rasce on
last $20 wurks out 2 $???? sory ah cane finger ut out !! buuutt, I dues
tink sum 1 ar's doun da numbur on us'en!! Wutt you tink ???????
BAD BOY

Saint Petersburg, FL

#7 Mar 13, 2011
The point I am trying to make is, if gas was $2.50
for 1st $80 a barrel. At todays price per barrel
the price for gas should be $ 25.00 a GALLON!!!!
Give me a break

Hilliard, OH

#9 Mar 13, 2011
Funny how things have changed. When Bush was president high gas prices were because of high oil prices. Miraculously under Obama high gas prices are a result of many factors. The AP in this story even excuses Big Oil for this Obama propaganda piece. WOW!!
Try again Associated Press
Paul

Kingsport, TN

#10 Mar 13, 2011
Speculators are the biggest factor in rising gas prices!
karon

AOL

#11 Mar 13, 2011
Actually it would be wonderful to have a high speed passenger train running through the state of OHIO! Ohioians could take trips around the cities of Ohio without the dependence of cars! Cars are fine for the local driving in your area, but for a traveling around the state a fast train would be better!
That train is dead

Blacklick, OH

#12 Mar 13, 2011
karon wrote:
Actually it would be wonderful to have a high speed passenger train running through the state of OHIO! Ohioians could take trips around the cities of Ohio without the dependence of cars! Cars are fine for the local driving in your area, but for a traveling around the state a fast train would be better!
The roads are a reality. Your train is not.
karon

AOL

#13 Mar 13, 2011
That train is dead wrote:
<quoted text>
The roads are a reality. Your train is not.
Roads were built on cheap oil back in the last century. 21st century will see high gas prices and will tremendously hurt america economy if we stay dependent on a car and highway policy only! I know it is difficult to understand about trains and the economics they bring , especially since Ohio has known and understand cars for so long. Ohioians will be in a wonderful surprise when they see a high speed train running through their cities and suburban areas!
Richard Couture

Tucson, AZ

#14 Mar 13, 2011
Can't wait to see the profits SOAR in the next quarterly reports. The oil companies work on a percentage so the higher the price the higher the profits and the poorer the public.
Richard Couture

Tucson, AZ

#15 Mar 13, 2011
A new oil refinery has been built in Arizona! Within the last year or two. First in decades I believe.
Miss Rosie wrote:
How long has it been since the United States had any NEW refineries built? Takes money to build them, staff them and the oil companies don't want to do it without hefty incentives from the states where the refinery could be built. Then we have a shortage of gas because supply and demand can't keep up and UP go the prices again!It is NOT just the middle east holding us hostage! Companies in our own country are doing the same thing.
Our big mistake was doing away with railroads tracks on local levels.Some enterprising individuals could use trains to "train car pool" people to work and back. They still do that in the eastern panhandle of West Virginia with trains going to Washington ,DC,daily from Martinsburg, Charles Town,etc with government and other workers.Trains did the same thing for workers going into Pittsburgh,Pa with commuters from the north of the city thru Beaver, Pa using them to get to work.BUT, the railroads gave many of their land and tracks to communities and the communities tore them out and sold the land to property owners to have bigger back yards,etc. Talk about shooting OURSELVES in the foot.Now we have few passenger trains at a local level and too high prices on gasoline.

Since: Sep 09

United States

#16 Mar 13, 2011
Ok, so the price is determined by the exchange and the cost at the pump is good for 24 hours. But yet the oil that produced that gas was what, a few weeks old and not costed at the current exchange rate. So instead of the cost flowing with the commodity,(first in - first out), the price is immediate (last in - first out). So if you filled up your car @$3.25 and now gas is $3.50 and you have a full tank, do you have a profit?
Paul

Kingsport, TN

#17 Mar 13, 2011
Grove City J wrote:
Ok, so the price is determined by the exchange and the cost at the pump is good for 24 hours. But yet the oil that produced that gas was what, a few weeks old and not costed at the current exchange rate. So instead of the cost flowing with the commodity,(first in - first out), the price is immediate (last in - first out). So if you filled up your car @$3.25 and now gas is $3.50 and you have a full tank, do you have a profit?
No, you have the need to get gas, shortly.
CollegeProf

Millersport, OH

#18 Mar 13, 2011
Give me a break wrote:
Funny how things have changed. When Bush was president high gas prices were because of high oil prices. Miraculously under Obama high gas prices are a result of many factors. The AP in this story even excuses Big Oil for this Obama propaganda piece. WOW!!
Try again Associated Press
The same explanations were given back then too -- the difference was a lot of people thought Bush was in addition manipulating things because as an oil man with ties to the Bin Laden family and Saudis, he would personally benefit. It was speculation on the part of people in the general public and not an official declaration of economic theory or economic explanation.
Bear589

Groveport, OH

#19 Mar 13, 2011
Richard Couture wrote:
A new oil refinery has been built in Arizona! Within the last year or two. First in decades I believe.<quoted text>
There has been a permit issued for it (Yuma County), but there's no guarantee it's going to be built. It's still a proposal. The newest U.S. refinery is the Marathon Oil refinery in Garyville Louisiana, built in 1976.
karon

AOL

#20 Mar 13, 2011
That train is dead wrote:
<quoted text>
The roads are a reality. Your train is not.
Since the gas prices are rising more people are taking mass transit and keeping their cars at home. This is happening around Ohio where most usually drive only, times are changing fast! Support high speed passenger trains for OHIO!

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