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Old 03-27-2014, 08:21 AM   #31
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I see this type of thread come up every spring. Not usually on an RV Forum though. I don't believe any of us are buying vehicles because of fuel mileage. So we are part of the reason fuel prices go up this time of year.

Oil Companies do not set oil prices, so don't blame them.

Look into how much percentage of price per gallon is local and federal taxes.

Gas prices are relatively cheap compared to things like bottled water, milk and ice cream. Especially when you factor in what it cost to process oil into gasoline compared to a cow giving milk or pouring spring water into a plastic bottle.

Don't hate the oil companies.
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Old 03-27-2014, 08:31 AM   #32
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Any excuse to gouge the public
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Old 03-27-2014, 09:07 AM   #33
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Go look at the US exports of refined fuels for the past 12 months, prices are high because speculators and investors know they can make more money by selling the fuel refined past capacity to other countries that can not keep up. Since 2009 exports of refined fuel are up in the 200% area.
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Old 03-27-2014, 09:41 AM   #34
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The people making the most money from the oil never touch it- that's why fuel is so high. If only the people producing, refining, transporting and retailing the fuel were making money from it, you'd see MUCH lower prices, IMHO.
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Old 03-27-2014, 11:41 AM   #35
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Originally Posted by dustman_stx View Post
The people making the most money from the oil never touch it- that's why fuel is so high. If only the people producing, refining, transporting and retailing the fuel were making money from it, you'd see MUCH lower prices, IMHO.
X2 Dustman: Speculators buy and sell fuel as a commodity multiple times before it even gets to the refinery. Why?? Because they can since deregulation made it possible.
By betting on the price outcome with only a single futures contract, a speculator has little or no effect on a market. It's simply a bet. But a speculator with the capital to purchase a sizeable number of futures derivatives at one price can actually sway the market. As energy researcher F. William Engdahl put it, "[s]peculators trade on rumor, not fact" [source: Engdahl]. A speculator purchasing vast futures at higher than the current market price can cause oil producers to horde their commodity in the hopes they'll be able to sell it later on at the future price. This drives prices up in reality -- both future and present prices -- due to the decreased amount of oil currently available on the market.
Investment firms that can influence the oil futures market stand to make a lot; oil companies that both produce the commodity and drive prices up of their product up through oil futures derivatives stand to make even more. Investigations into the unregulated oil futures exchanges turned up major financial institutions like Goldman Sachs and Citigroup. But it also revealed energy producers like Vitol, a Swiss company that owned 11 percent of the oil futures contracts on the New York Mercantile Exchange alone [source: Washington Post].
As a result of speculation among these and other major players, an estimated 60 percent of the price of oil per barrel was added; a $100 barrel of oil, in reality, should cost $40 [source: Engdahl]. And despite having an agency created to prevent just such speculative price inflation, Commodity Futures Trading Commission (CFTC), by the time oil prices skyrocketed, the government had made a paper tiger out of the CFTC.
A report issued in September 2008 to the Senate, pointed to correlations between the influx of money in oil futures markets and the rising cost of oil. The price of oil doubled, tripled and eventually quadrupled in step with the increase from $13 billion to $260 billion in the futures market from 2003 to 2008 [source: U.S. Senate]. In response to calls for better regulation of oil futures, Congress introduced the Consumer-First Energy Act in May 2008. The bill would have extended CFTC oversight to foreign markets, but the act died on the Senate floor the following June. Once again the oil company lobbyists earned their millions and our politicians caved to the all mighty dollar. Ultimately we all paid and are still paying for it.
It's no longer capitalism. This is market manipulation by the corporate elites at the expense of the consumer.
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Old 03-27-2014, 01:05 PM   #36
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Originally Posted by Campin Cajun View Post
I see this type of thread come up every spring. Not usually on an RV Forum though. I don't believe any of us are buying vehicles because of fuel mileage. So we are part of the reason fuel prices go up this time of year.

Oil Companies do not set oil prices, so don't blame them.

Look into how much percentage of price per gallon is local and federal taxes.

Gas prices are relatively cheap compared to things like bottled water, milk and ice cream. Especially when you factor in what it cost to process oil into gasoline compared to a cow giving milk or pouring spring water into a plastic bottle.

Don't hate the oil companies.
Have to agree with you there :thumbup: The last time I was at a gas station that actually had a pie chart breaking costs down the taxes of federal and provincial (including our carbon tax) was between 35% and 40%

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Old 03-28-2014, 03:15 AM   #37
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An easy way to convert the US price per gallon to price per liter is to multiply the ppg by .264= price per litre. For example 3.99 a gallon would equal approx 1.05 a litre. To get the true Canadian price per litre you'd just have to multiply your answer by the exchange rate
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Old 03-30-2014, 09:45 PM   #38
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Oil companies are in business for one reason and one reason only....to create profits for their shareholders. They have a captive market and simply do their best to exploit it.
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Old 03-30-2014, 10:07 PM   #39
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Oil companies are in business for one reason and one reason only....to create profits for their shareholders. They have a captive market and simply do their best to exploit it.
No different than any other company or individuals working. Bottom line is it is all about companies and individuals making money the best way they know how to do it.
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Old 03-31-2014, 11:33 AM   #40
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Oil companies are in business for one reason and one reason only....to create profits for their shareholders. They have a captive market and simply do their best to exploit it.
Exploit being the key word here. I don't think anyone has any issue with a business making a fair and reasonable profit for their efforts and investments.
However, when you take advantage of the fact that we are talking about an indispensable commodity and 300% record profit increases then we're looking at exploitation. Much of the huge profit increases over the past three to four years are no more than windfall due to world oil market economy manipulation by the financial, production and political elites. Just like the "Robber Barons" of the past these entities have far to much influence over the commodity price and the consumer has far to little influence over whether to purchase the commodity at that price or not.
In this forum, we complain about the cost of fuel for our RV's. For many in this world this is a matter of not being able to heat their homes through the winter or being able to afford transportation to work or the fact that business have closed due to rising costs of fuel and transportation.
Reasonable profits; No Problem
Exploitive, excessive price gouging; NO Way!
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