Its that time again. Gas prices are raising!, Where do you live and what are the prices? Options

[x_itchy_b_x]

$3.02 a gallon for 93 octane.
in mass outside of worcester.
these prices are nuts! i want my old auto ST now

[playr158]

I realize you guys over in the UK pay a lot for gas (pretty much everywhere but the states), but I have something to tell you. WE IN THE STATES ARE NOT USED TO PAYING THIS MUCH!!! Stop griping to us about our complaining when we're used to a certain quality of life, and when gas prices take a 50% hike in a matter of a month, that changes what we're used to. You guys overseas are used to paying the high prices, and those high prices are largely in reason to the amount of taxes on them. That said,

The oil companies are feeling us out to see what we're willing to pay. There's absolutely no valid reason for how our gas prices have been raising recently. I've seen plenty of excuses thrown out, but no real reasons. I personally believe we need federal regulation of the petroleum industry here in the states to keep this incessant price gouging going. It's already being looked at in the natural gas sector, so hopefully it's only a matter of time before it hits the oil compaines too. Just give it a few more weeks until the oil companies start posting their rather large profits again and the government will start turning an eye towards them and they'll back off like what happened last fall.

ok lets all go back to ECONOMICS 101...

gas just like anyother world commodity has a DEMAND and a SUPPLY

now with prices on the "Y" axis and quantity on the "X" axis (just like every other supply and demand graph)

the BLACK lines are your base graph D=demand S= Supply
now when we demand more gas the Demand curve shifts UP (meaning we want more gas aka using more)
so this new increase in demand is our redline...
NOTICE
demand goes up SUPPLY gets less...
why? because your using more DUH!

what happens when you demand more and use it up
the PRICE goes up! as you can see in the new position on the red line

so stop your stupid ignorant bitching about the government and greedy gas station owners....
if you want prices to go down... STOP USING GAS
thus the DEMAND goes down SUPPLY increases and PRICES FALL


~class dismissed

Let's go back to class then. Demand doesn't go up 50% in a single month.

the cheapest i've bought premium for my turbo is 2.33$ in the last year or so

so we'll use that saying that its 3.00$ at highest right now
thats a 23% increase in price.....now that does not reflect the ACTUAL increase in demand
but 23% is not that much...and thats on the EXTREMES

This post has been edited by playr158: Apr 19, 2006 - 10:32 AM