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Price of Gas ... a conspiracy?

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The price of gas is $4.01 locally (Buffalo, NY) for me. Why? After the U.S.A. liberated Iraq, and Afghanistan, and intervened or helped in Libya, Somalia and elesewhere. Along with democratic changes in Egypt and other north African countries. Why is the price of gas so high? The oil should be flowing back at prewar levels, why haven't the prices dropped as well? Anyone have conspiracy theories to offer?

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they are feeding it to a giant whale until its organs and stomach is full of oil then they will ignite its insides to blow up china to get rid of are dept. its pretty genius if you ask me i would of never of known unless i made it up right now.

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Unfortunately, inflation.

I have good reason to believe the price was artificially inflated in the beginning and if that is correct then, there is no reason to reduce since consumers are willing to pay and it has not had a negative impact on the market; in fact it only resulted in record profits for producers and producer countries.

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Supply and demand that is heavily influenced by 'futures' market players.

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The price of gas is $4.01 locally (Buffalo, NY) for me. Why? After the U.S.A. liberated Iraq, and Afghanistan, and intervened or helped in Libya, Somalia and elesewhere. Along with democratic changes in Egypt and other north African countries. Why is the price of gas so high? The oil should be flowing back at prewar levels, why haven't the prices dropped as well? Anyone have conspiracy theories to offer?

Is that for a gallon ?,we are paying $1.90 per Litre,thats about $10.45 per gallon, and its rising weekly.

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The price of gas is $4.01 locally (Buffalo, NY) for me. Why? After the U.S.A. liberated Iraq, and Afghanistan, and intervened or helped in Libya, Somalia and elesewhere. Along with democratic changes in Egypt and other north African countries. Why is the price of gas so high? The oil should be flowing back at prewar levels, why haven't the prices dropped as well? Anyone have conspiracy theories to offer?

I guess you missed the storm which blew through the Gulf of Mexico at the end of August. It's all right. Most people unaffected by things like this tend to ignore it. When a hurricane blows through the Gulf of Mexico, all affected oil rigs - and there are many more than you think - shut down so no oil is being pumped out. This has a HUGE impact on the price of gas. Especially if we are trying to become less reliant on foreign oil.

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I guess you missed the storm which blew through the Gulf of Mexico at the end of August. It's all right. Most people unaffected by things like this tend to ignore it. When a hurricane blows through the Gulf of Mexico, all affected oil rigs - and there are many more than you think - shut down so no oil is being pumped out. This has a HUGE impact on the price of gas. Especially if we are trying to become less reliant on foreign oil.

I have wondered why they keep rebuilding. If they know every few years they are gonna get hit. Why not build in a location that is not at such high risk. Have wondered the same about the casinos but they can move further on land.

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Wonder when we're going to switch to natural gas. Cheaper, more abundant, would be nice.

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Ha just had a thought, post 8....Spyd3rCyd3,is talking about natural gas, OK, but I think the thread is about "gas" or petrol as we know it in UK. So how do you American guys differentiate between Natural Gas,which you use in your cooker, and "gas" which you put in your car tank ?...No Offence meant but can some one tell me please..or I shall remain confused forever..

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I guess you missed the storm which blew through the Gulf of Mexico at the end of August. It's all right. Most people unaffected by things like this tend to ignore it. When a hurricane blows through the Gulf of Mexico, all affected oil rigs - and there are many more than you think - shut down so no oil is being pumped out. This has a HUGE impact on the price of gas. Especially if we are trying to become less reliant on foreign oil.

Also the fire at the Chevron Plant in Richmond, Ca. Which refines roughly 60% of all oil on the west coast.

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Ha just had a thought, post 8....Spyd3rCyd3,is talking about natural gas, OK, but I think the thread is about "gas" or petrol as we know it in UK. So how do you American guys differentiate between Natural Gas,which you use in your cooker, and "gas" which you put in your car tank ?...No Offence meant but can some one tell me please..or I shall remain confused forever..

We call gas that we put in our car tanks as just that... gas or gasoline. The stuff we use in a cooker we call natural gas. LOL Pretty simple spud. :)

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We call gas that we put in our car tanks as just that... gas or gasoline. The stuff we use in a cooker we call natural gas. LOL Pretty simple spud. :)

Thankyou Lady K, we use gas for cooking and put petrol in our cars, although some cars these days run on liquid gas which you can buy at some petrol stations,in small pressurised canisters. Oh bother I shouldnt have brought this up, thanks anyway..Regards

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Anytime spud. :)

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I guess you missed the storm which blew through the Gulf of Mexico at the end of August. It's all right. Most people unaffected by things like this tend to ignore it. When a hurricane blows through the Gulf of Mexico, all affected oil rigs - and there are many more than you think - shut down so no oil is being pumped out. This has a HUGE impact on the price of gas. Especially if we are trying to become less reliant on foreign oil.

It 's true I've ignored this aspect of the issue. Of course the natural disasters have affected Americas ability to produce it's own oil. So your vew is that the hurricane damage is a contributing factor in the price gas; and the need of the oil companies to repair the damage?

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Also the fire at the Chevron Plant in Richmond, Ca. Which refines roughly 60% of all oil on the west coast.

Another event that effected the price of gas. Did they determine the cause of that?

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Natural Gas vs. Gasoline, from "How Stuff Works":

The difference is the number of atoms in each molecule. With natural gas, the molecule is very small. There is one carbon atom with four hydrogen atoms bonded to it. Gasoline, on the other hand, is made of eight carbon atoms chained together with 18 hydrogen atoms bonded to the chain.

This means that natural gas is very light – lighter than air in fact – and always a gas at normal temperatures and pressures. Gasoline is much heavier and is always a liquid at normal temperatures and pressures.

Natural gas is also “cleaner” than gasoline from a carbon standpoint. In a natural gas molecule, there are four times as many hydrogen atoms as carbon atoms. In gasoline, the ratio is closer to 2-to-1.

The problem with natural gas from a vehicle standpoint is that it is harder to store than gasoline. Compressing natural gas requires energy, and a tank of compressed natural gas is much larger than a tank of gasoline that contains the same amount of energy.

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We will keep paying this ridiculous price for gas until we stop becoming a nation of sheep. What did the people do 300 years ago when england added more tax on tea? They fought back because they had balls then. What happened to our balls America? Those people back then didnt b**** moan and conplain they did something about it. So gas will continue to go up and we will continue to pay until we grow our balls back.

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I guess you missed the storm which blew through the Gulf of Mexico at the end of August. It's all right. Most people unaffected by things like this tend to ignore it. When a hurricane blows through the Gulf of Mexico, all affected oil rigs - and there are many more than you think - shut down so no oil is being pumped out. This has a HUGE impact on the price of gas. Especially if we are trying to become less reliant on foreign oil.

I don't buy that. Storms over, workers all long been back to work and the gas is even higher now and besides any oil that we're short of could come from our reserves if needed. We were also told the summer blend is ending and prices should go down with that but i have yet to see the price go any direction but up...

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Um... they haven't been back to work that long and yes we have reserves that can be used, but the price of gas today is determined by its availability in the future. So if something had happened to any number of the rigs in the Gulf, the future availability of whatever they produce would be in question.

Edited by Lady Kasey

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We will keep paying this ridiculous price for gas until we stop becoming a nation of sheep. What did the people do 300 years ago when england added more tax on tea? They fought back because they had balls then. What happened to our balls America? Those people back then didnt b**** moan and conplain they did something about it. So gas will continue to go up and we will continue to pay until we grow our balls back.

The problem is that Fuel is not a renewable resource. Tea can be cultivated and grown over and over again. Conventional fuel is not a renewable resource, so unfortunately, we are at the mercy of the Oil companies.

Plus the fact that the state can raises takes on fuel if they wanted to.

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The problem with natural gas from a vehicle standpoint is that it is harder to store than gasoline. Compressing natural gas requires energy, and a tank of compressed natural gas is much larger than a tank of gasoline that contains the same amount of energy.

After giving this a little more thought, I wonder if there's any cheap, efficient additives that could make up some of that difference between the two while maintaining a cheaper cost point than gasoline, at the same time.

Edited by Spid3rCyd3

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For the last few weeks price of oil is going up because of the anticipation of further "quantitative easing" by FED. This Thursday FED will have a press conference regarding QE. After this QE is priced in (assuming it will happen as anticipated), the price of oil should start heading down.

There is no other reason the price of oil should increase really, especially in US. It should start going down with a good pace because there is not enough demand for oil to support this prices. US economy isn't expanding, Europe is on the edge of collapsing. Even Chinese growth is slowing down rapidly. Besides, oil is not as scarce as most people think. This article explains why we will probably never run out of oil.

Edited by MOON IS FAKE
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Sorry the link is for the second page of the article, if you want to read it click here.

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The problem is that Fuel is not a renewable resource. Tea can be cultivated and grown over and over again. Conventional fuel is not a renewable resource, so unfortunately, we are at the mercy of the Oil companies.

Plus the fact that the state can raises takes on fuel if they wanted to.

I agree. I can still remember all of those oil tankers sitting on the bay between San Francisco and Oakland during the 1970s.

There were so many tankers in the bay that you could practically walk on the tankers from San Francisco to Oakland. My next door neighbor worked at the Exon refinery in Benicia, CA. I eventually learned that Exon was hoarding oil to create an artificial shortage in order to raise gas prices. In fact, their storage tanks were already filled to the max, trucks were called in to help store the overload of oil and yet, I kept thinking of all of those tankers sitting in the bay waiting to off-load their oil.

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For the last few weeks price of oil is going up because of the anticipation of further "quantitative easing" by FED. This Thursday FED will have a press conference regarding QE. After this QE is priced in (assuming it will happen as anticipated), the price of oil should start heading down.

There is no other reason the price of oil should increase really, especially in US. It should start going down with a good pace because there is not enough demand for oil to support this prices. US economy isn't expanding, Europe is on the edge of collapsing. Even Chinese growth is slowing down rapidly. Besides, oil is not as scarce as most people think. This article explains why we will probably never run out of oil.

Gold also spiked over the last week too.

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