I'm a farmer who works full time off the farm to pay for fuel. To get around income tax I had to buy an $8000 credit on my fuel card. Eight fuggin grand! If anyone was pissed off at the way food prices went up a year and a half ago, blame fuel prices. It was all bogus, there's no way in hell it was truly worth twice in July what it is now.

 

yea dude, it's a total scam. i loved how diesel doubled in price once they realized they could get x-amount for regular gas. but you still get pink diesel right? isn't that **** still quite a bit cheaper?

 

How is crude oil down under $40 and gas is still $1.52????? And diesel is $2.49???? Fuking greed! its a sun of a bitch! One man gets rich and a country goes into a recession! Man this gets me all worked up thinking about how we are getting it up that ***!

 

My last 3 fill ups where 45 bucks. (was about 90ish before) Lets just say, true trac and 4.10's say hello to...well my truck

Dustin

 

opec is predicting a price rise in springtime I think or someone in media was anyways. I just like filling my tank again for under $40 with some 91 octane.

 

i hope no one was expecting these prices to last long...

 

how are you twisting this into cheap gas being the cause of layoffs?

heres some cliff notes:

1)expensive gas made the price of EVERYTHING go up because of the cost of transporting goods.

2)when gas gets that expensive the average person has to cut back on purchasing goods to manage the gas bill to and from work.

3)when the average consumer cuts back on spending, the big companies make less money because everyone is pinching pennies to fill their cars and fill their refrigerator. to survive the companies have layoffs to save money themselves.

thats a mini cliff note...there are tons of other factors but that can cover what your looking for.

 

what the other guy is saying is , oil is a commodity , just like everything else we buy eggs milk,electrical wire,tires, and when the demand for oil went down ,so did the metal market , clean copper was selling for $3.50 a pound now its BARLEY $1.20 per pound also the reason the metals went down is because china isnt buying anymore metal from the US like it was recentley everything just stopped around the time of IKE the whole stock market

 

Oil is one of the big reasons Houston is not seeing this downturn as bad as many other cities. It's keeping us alive.

The recession has nothing to do with gas prices. Think financial and housing....and people trying to live above their means when they were clearly unable to. There was certain legislation passed in the Clinton era that made it attractive for companies to support these people. If you want to talk greed, talk about the greedy financial CEOs.

Oil went up due to speculation. Oil companies did not fix the prices. Yes, I'm sure they loved it, but they did not cause it. A friend of mine, who's a financial planner, said that by the end of the year, oil would be below 60. And that was at the beginning of the summer! Every bubble bursts. Oil, housing, tech, .com. It plays out over and over.

Diesel went up because of the new ultra-low sulfur requirement. Refineries had to spend millions and millions of dollars building units that added no new capital value. They only met the regulations. The extra cost got passed onto the consumer.
And I love it when people want to tax the oil companies more because of the profits. If you tax a company, who do you think will really pay that tax? The consumer. The company isn't going to take a hit and lose money.

 

BULLSHIT!!!


financial and housing IS part of the reason, but not all. Gas prices made EVERYTHING more expensive, it wasn't just $100-$200 more a month for gas. it was more $ for food, for clothing, for anything that was transported. It was a LARGE part of the recession.