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

May 19, 2022
8:47:48am

homegrown All-American

production. Making up for slow times (gas was hit hard during Covid) Demand is higher (especially going into summer) than it was.

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homegrown

Previous username: pac12stickerhater
Bio page: homegrown
Joined: Sep 6, 2016
Last login: Apr 19, 2024
Total posts: 3,691 (3 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

Oil companies fleecing the consumer

Deleted

5/19/22 8:03am

Brilliant! Wait, so why dont they just charge $15/gallon all the time?

Backcountry

5/19/22 8:04am

RE: Oil companies fleecing the consumer

pegushin

5/19/22 8:34am

RE: Oil companies fleecing the consumer

jamfam

5/19/22 9:12am

This guy doesn’t understand how economics work.

Ozymandias

5/19/22 9:18am

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

IBC

5/19/22 8:05am

Willing? No. Captive? Yes

Turnpike Lane

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

Turnpike Lane

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.

dYrtbYkerYder

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

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