I guess they actually believe all the gas stations of the world have conspired to raise their prices concurrently out of sheer greed. The stupid actually hurts.
I assume the price is a reflection of the price of a barrel of oil. However, what someone mentioned to me that I find funny is that as soon as there is whisper of oil prices going up they're out there with the ladder changing the gas prices. But when the oil prices go down they say it will take a while for that price to work it's way to the pump. So somehow when the price of oil goes up there is no delay for that price to work it's way to the pump.
Labor cost increases, supply chain delay, less supply due to less investment in fuel infrastructure. Biden basically said “I will end fossil fuels” during this campaign, I highly doubt any of them are investing any improvements to their infrastructure at this point.
Up in Canada here, when Saudi and Russia flooded the market with oil a few years ago and dropped the price per barrel from $100-$110 to $30(?)-$50 per barrel. The companies up here were like "the economy is gonna crash with oil being so cheap, so we're gonna 'stabilize' the market by raising gas prices by ~CAN$0.20/L." Of course, they increased their profits tremendously, and now that oil is back to where it was before the flood, they refuse to remove their "stabilization increase."
So there's that to add to the price in Canada. Where we average over $8/Gal.
but at gas stations with nearby competition (of a different company and preferably independent) it'll cause them to lose money as people choose to skip their price gauging and take their business elsewhere.
That happens around here. Larger chains will bump their prices up a bit, but others stay where they are, then the larger ones come back down. The prices are all still shooting up, but they're forced to at least do it in a "three steps forward, two steps back" fashion.
I guess they actually believe all the gas stations of the world have conspired to raise their prices concurrently out of sheer greed. The stupid actually hurts.
I assume the price is a reflection of the price of a barrel of oil. However, what someone mentioned to me that I find funny is that as soon as there is whisper of oil prices going up they're out there with the ladder changing the gas prices. But when the oil prices go down they say it will take a while for that price to work it's way to the pump. So somehow when the price of oil goes up there is no delay for that price to work it's way to the pump.
In 2008 oil hit 180 a barrel and pump prices were much lower than they are now with oil at about 120 a barrel. Why is that?
Labor cost increases, supply chain delay, less supply due to less investment in fuel infrastructure. Biden basically said “I will end fossil fuels” during this campaign, I highly doubt any of them are investing any improvements to their infrastructure at this point.
The dollar was worth more (a LOT more) in 2008 than it is today. I suspect that is a large part of its current pricing.
My message to Old Joe is this: Stop collecting taxes on gasoline now! DO IT TODAY! Ya' f*#King moron.
Up in Canada here, when Saudi and Russia flooded the market with oil a few years ago and dropped the price per barrel from $100-$110 to $30(?)-$50 per barrel. The companies up here were like "the economy is gonna crash with oil being so cheap, so we're gonna 'stabilize' the market by raising gas prices by ~CAN$0.20/L." Of course, they increased their profits tremendously, and now that oil is back to where it was before the flood, they refuse to remove their "stabilization increase."
So there's that to add to the price in Canada. Where we average over $8/Gal.
but at gas stations with nearby competition (of a different company and preferably independent) it'll cause them to lose money as people choose to skip their price gauging and take their business elsewhere.
That happens around here. Larger chains will bump their prices up a bit, but others stay where they are, then the larger ones come back down. The prices are all still shooting up, but they're forced to at least do it in a "three steps forward, two steps back" fashion.
The dumbist of motherfuckers!
Believe me!
dumbist
Seriously? Then they would not be able to refill their tanks and consumers would be stranded... Oh wait where is that handbook for war post....
I literally said this out loud when I read it.