They realized that people are willing to $5 a gallon so why lower it?

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May 19, 2022
8:05:03am

IBC FTT

They realized that people are willing to $5 a gallon so why lower it?

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IBC

Previous username: IceBlueCoug
Bio page: IBC
Joined: Mar 13, 2014
Last login: Apr 29, 2024
Total posts: 25,692 (4,853 FO)

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Messages

Author

Time

Why is the price of oil per barrel lower than it has been historically yet gas

stenso

5/19/22 8:03am

They realized that people are willing to $5 a gallon so why lower it?

IBC

5/19/22 8:05am

Willing? No. Captive? Yes

5/19/22 8:10am

Because they can blame it on Russia and make a lot of money

Cougz19

5/19/22 8:07am

Yes that makes perfect sense if you don't believe in basic economic theory.

Baron

5/19/22 8:09am

TNT knew Russians were trouble when he watched For Your Eyes Only

TNT

5/19/22 8:09am

Legit question

5/19/22 8:09am

Supply chain issues? Also, are you comparing real prices to real prices?

Baron

5/19/22 8:09am

Part of it. Refinery capacity is at its lowest since ~2014

HuskerFan2

5/19/22 8:17am

At least some of the spr oil is going to Europe

dex13

5/19/22 1:23pm

Transport costs are higher due to high fuel costs.

5/19/22 8:10am

which fuel costs which increases transport costs which increases fuel costs

Pro Logic

5/19/22 8:14am

Inflation in the other associated costs & gas taxes.

RdF3

5/19/22 8:11am

Wonder how much taxes have changed over time

Dr T-bone

5/19/22 8:11am

Everything else is higher. The land the gas station sit on is

cougarfann888

5/19/22 8:11am

Time has a factor here

Cosmokid

5/19/22 8:14am

A guess: the oil for sale now is not the oil that has been refined and is now

Socrates Johnson

5/19/22 8:15am

It's still a supply and demand thing. Less oil supply is driving up the crude

JuicyJam

5/19/22 8:20am

Tax hikes, lower refining capacity and myriad other things

2FarGone

5/19/22 8:21am

Gas supply is very low now. Not all oil is used to make gas.

Dangerous

5/19/22 8:31am

The article above says supply isn’t an issue

kotacoug

5/19/22 8:38am

EIA data shows gas stocks are 8% below 5 year average

dex13

5/19/22 1:01pm

Obviously it is Putin's fault.

RexIdaCoug

5/19/22 8:35am

Myriad of reasons. Cost of labor, uptick in other costs associated with

homegrown

5/19/22 8:47am

Paying off politicians that want to ruin your business model isnt cheap.

panacablue

5/19/22 8:58am

ESG impact on oil company capital investments, esp refineries also plays a part

NavyCougar

5/19/22 10:58am

No doubt. It's not a growing industry. Big capital investments are harder and

JuicyJam

5/19/22 11:03am

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