Oil Speculation

cawacko said:
Probably a stupid question but why is ARCO gas cheaper than Chevron/Shell/Exxon etc.? Is it because of the additives (sp?) they do or don't put in their gas and if so are you hurting your car using ARCO gas vs. the others?
Click to expand...

In part, they do not take credit cards, so they do not have that 2-3% fee associated with their gas. So if gas at ARCO was $4, it should be $4.10 or so at the ones that take credit cards. If there is a greater discrepancy than that, I am not aware of the other factors involved. We don't have ARCO here.

No, their gas is not bad.
 
Superfreak said:
Thank you straw man maker. I didn't say they were a coastal phenomenon. I stated the rates on the coasts are typically spiking at a faster pace and asked you to explain why. You then showed us a wonderful graph of CA and the US and said 'see they about da same'. The comparison you should have been looking for is CA and other coastal states compared to those in the Gulf Coast, Rocky Mountains, midwest/plains.

It was the variance there that I was asking you about.
Click to expand...


Well, show me the variance. I don't think it exists. Prices are increasing at pretty much the same rate pretty much everywhere. Here's a chart of gas prices over the past year for Portland, Oregon, Omaha, Nebraska and Boston, Mass:

ch.gaschart
 
Superfreak said:
In part, they do not take credit cards, so they do not have that 2-3% fee associated with their gas. So if gas at ARCO was $4, it should be $4.10 or so at the ones that take credit cards. If there is a greater discrepancy than that, I am not aware of the other factors involved. We don't have ARCO here.

No, their gas is not bad.
Click to expand...

They also charge a $0.45 processing fee on debit cards so that adds about two cents a gallon. I find them between $0.15 and $0.25 cheaper per gallon than the others.
 
Superfreak said:
It is truly comical that every time the speculation drives prices ABOVE the current supply demand equilibrium price that everyone gets all pissy about speculators. Yet when the opposite occurs and speculators drive prices below the current supply demand equilibrium... no one says a fucking word.

That said, the article does do a good job of discussing the issue. Democrats just use big oil as a whipping post. They want the environment of hate towards big oil to take the heat off of their part in rising oil prices.

One nice point in the article... anyone bitching about the 'excessive speculation' in nat gas right now?
Click to expand...

SF, I was on another board and someone brought up Bernie Sanders saying he wants to eliminate oil speculation. This poster also stated that natural gas prices are down because of a glut of supply and that there's a lot more where that came from and not as a result of speculation. He also stated, "Get rid of oil market speculation, nationalize energy in this country and brent crude and those brokers can do whatever they want."

I assume you probably don't agree with that?
 
As soon as a market shock brought non speculative buyers into a bidding frenzy the uneducated will be praying for someone to lever the market down. Bernie is left of Stalin, not shocking he's not interested in trying free market capitalism. I should send him a thank you card.
 
You must log in or register to reply here.
Back
Top