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More gas pains

Rising pump prices put townships in a bind

February 6, 2013

Despite diesel and other fuel prices on an upward swing, local township officials have been hitting the roads for days, trying to keep them clear of ice and sno....

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(19)

ReasonableVoice

Feb-10-13 11:45 PM

Mary... if you want to avoid coming across as a crazy nutter, try to avoid saying things like "the government controls everything" on a public forum.

Also, try not to do it when the very basic layers of economics have been explained to you ad nauseum.

It kinda deflates every statement you ever make from then on out, and every statement you made previously. Nobody's going to pay attention to the nutter that thinks the government is a conspiracy.

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MaryPoppins

Feb-10-13 6:45 PM

I believe the government controls everything.

I know what the market does to prices, and I know the government if it wants to can regulate anything.

Just saying.

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exofDevola

Feb-06-13 11:45 PM

Politicians do not control the price of oil, it's a free market. And although this is the product produced by oil companies , they do not control the price either .not everyone who works for an oil company is an oil baron, and most of them realize the price fluctuates wildly and do not drive large gas guzzling trucks and SUVs ,like I see all over the area. For a depressed area you all drive some very large vehicles but wait that 's your choice, so don t drive an energy efficient vehicle and the price will change next week. Or let the very efficient government control the price, it'll be so good kinda like the post office.

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exofDevola

Feb-06-13 11:42 PM

Politicians do not control the price of oil, it's a free market. And although this is the product produced by oil companies , they do not control the price either .not everyone who works for an oil company is an oil baron, and most of them realize the price fluctuates wildly and do not drive large gas guzzling trucks and SUVs ,like I see all over the area. For a depressed area you all drive some very large vehicles but wait that 's your choice, so don t drive an energy efficient vehicle do get over thr prices which will chsnge when the oil price er barrel goes den or let the government control the market. I'm sure they will do a real great job kinda like the post office.

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MaryPoppins

Feb-06-13 10:23 PM

What doesn't make sense is why politicians allow high prices.

No matter how much a gallon of gasoline costs us, approximately 40 cents goes to gasoline tax.

So; if I can afford 16 gallons at a lower price; rather than 8 gallons at a higher price; my local government gets more money.

So if the guys in Washington or Columbus gave two hoot for us locally, prices could be regulated more and held down.

And Harley....the guy who wonders why the prices are so high....so do we; no lesson on the process please.

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scrappile

Feb-06-13 8:21 PM

Ok by somes own stats only 53% of earners pays income taxes to D.C.,now I know there are more federal taxes, but the oil companies do not pay the gas tax we consumers do, so 53% of 150 million is roughly 80 million paying at least 15% of their income to govt., now Oil companies sell to billions so at 5% profit that still a good sum, I`d be more interested if those 53% would look up the cost of gas in 3rd world countries, dont tell me about Europe, or other industrialized countries, how many pennies per gallon are spent in Arabic states, Smaller economies of South America, why even the price in China and India, and see what % of income it is now it`s 4% In U.S. 30 year highs, while inventories are at 22 year highs....Just sayin.

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Tessie

Feb-06-13 6:20 PM

Harley, your condescension is surpassed only by your very own ignorance. Talk about gas pains!

Reggie, every single food item in the US has been marked up because of the increased transportation costs. It was a convenient excuse to raise food prices. Even if gas prices fall, food prices will not.

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Reggie

Feb-06-13 5:21 PM

3rd quarter 2012 net profits BP-----------------5.89% Chevron------------9.05% Exxon--------------8.43% Campbells soup-----10.49 Proctor and Gambol-50.0% Apple -------------23.99%

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Harleyrider

Feb-06-13 4:59 PM

MaryPoppins, I never defended high prices, I explained how it worked. The way that it has always worked, does not apply now.

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Harleyrider

Feb-06-13 4:58 PM

Tessie, this is not driven by big oil. You fail to even understand the market. How about this for greed, the evil oil company makes about 7% while the government makes 15% for not doing a darn thing. Who is the greedy one now?

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roksmith

Feb-06-13 4:15 PM

Not feeling sorry for them. If there weren't busy paying for all the damage they have caused in the past couple of years they would be making much higher profit margins. Take a look at Exxon and Chevron. Much different stories there. The price of gas and oil have NOTHING to do with US supply or demand. It's based on the world economy.. and by world, I mean China. As long as they continue to pollute their part of the world like it's going out of style, we will continue to pay for overpriced oil and gasoline.

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Reggie

Feb-06-13 3:56 PM

Those were averages I used but the highs were above the normals.

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Reggie

Feb-06-13 3:53 PM

Ok folks I ave heard enoutgh about big oil and their profits. BP had a profit of 5.89 percent in 3rd quarter of 2012.( last data I have) Since 2001 they have been between 5 and 8% with a high of 8.43%. I had Campbell soup for lunch today so I looked up their data. 3rd quarter of 2012-10.49% Range since 2001- 7%-13%. High 28.3%. Let's attack BIG SOUP!!!!!!!!!!!

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JoshBrown

Feb-06-13 3:45 PM

@ Harleyrider The reason is really simple the oil companies took a beating back in 2008 when oil went through the roof and gas prices stayed low for a while before they jacked up the price. So the oil companies aren't going to let that happen again.It's all about greed we can drill in the USA till we have oil up to our necks and it won't matter. Because the oil companies sell to the world and to the highest bidder.

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mattelliott

Feb-06-13 12:20 PM

IMO...gasoline prices are only part of a well choreographed strategy to destroy America.

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MaryPoppins

Feb-06-13 11:02 AM

Harley, you have defended high prices before.

I remember when others tried to complain you had very lengthy explanations of the market etc.

Glad to see you question the issue.

If we have to face these issues, it is another reason twonships need that 85% of the 1% sales tax. Smaller governments lose all the way around.

Kasick grabs local government funds, the Commissioners grab a HUGE portion of the sales tax and the townships, suffer.

If the larger forms of gov could only do as much as the twps do with so little money, we'd all be better off.

And if the Oil Barons big money people had to live as we did, we'd be better off. Money goes where money is.

Lots of people getting rich on shale these days.....soon natural gas will be sky high. Mark my word. Big glut right now, but when they get big surpluses, then the price will shoot for the moon.

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scrappile

Feb-06-13 10:12 AM

Harley I have been saying this for years only to be disagreed with, we use less oil, gas, and other petroleum products that we did in the 70`s. The law of supply and demand is no longer applicable. thing is the profits of the top 5 were over 35 billion last qtr. alone. and they still are subsidized by taxpayers, talk about welfare queens, and organized theft, or it could be Rexy couldnt handle being the no. 2 corp. in the world,behind some computer geeks.

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Tessie

Feb-06-13 9:42 AM

Harley the explanation is greed. Big oil holds "we, the people" hostage by keeping the prices high. And we are too dumb to develop alternative means of powering our vehicles and our homes.

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Harleyrider

Feb-06-13 8:29 AM

Ever stop and wonder why we don't see very many stories about the price of gas? I have followed this market for a few decades now, and what is happening as of late makes no sense. We have seen the price of oil at these levels before, yet the price of gas was far from this high. This has been the trend for several years and it defies explaination.

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