Gas prices.... Gouging?

[scaeagles]

Originally Posted by Ghoulish Delight

Hmm, actually, what recent history seems to be showing is that increasing supply ain't gonna do much. Refineries are at or near capacity, so increased supply to the refineries will not equate to incerased supply on the market.

I agree with that 100%. We also desperately need to increase refining capacity. As I mentioned earlier or in some other thread, no new refineries have been built in the US since the 70s. That is simply disgusting. I'd love to talk about the reasons, but I suppose this thread isn't the place for my rant on that.

[sleepyjeff]

Originally Posted by PanTheMan

The basic point is not about drilling, or OPEC or Supply and Demand, or some rare sea slug habitat off SB...

The point is GOUGING. If an Oil Company reports 26 BILLION in profit for a Quarter (3 MONTHS!) Dont you think they may POSSIBLY be overcharging?

The simple solution would be to hedge yourself against high oil prices by buying oil futures

[TigerLily]

somehting I found of interest. On the news they said for gas at the pumps to hit $3.00 a gallon the price per barrel should ahve been $95.00, but the price per barrel was only $65.00...seems like gouging to me.