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10/20/2017 1:01:18 AM
9/22/2017 12:11:25 AM
Posted: 8/17/2005 11:15:49 AM EDT
guy's wife here at work just called from tuscumbia sp? and said that gas just went up to 3.00 a gallon and should be going up here in the morning.


just a heads up.
Link Posted: 8/17/2005 11:17:16 AM EDT
Link Posted: 8/17/2005 1:04:38 PM EDT
Just to see what could happen if I really tried, I filled up my truck on July 30 to see how long I could go without filling it back up again. This is the daily driver to work, grocery store, church, etc.
I'm currently just below half a tank.

I told my wife at lunch today that we need to invest in a 4-cylinder, 5 speed Honda Accord or Civic.
-Hobbit
Link Posted: 8/17/2005 3:03:17 PM EDT
The damn Bush administration needs to get off it's butt and investigate the hedge funds and arbitrators driving up these prices. The speculators are the reason. The ragheads are selling us oil at the same price as 6 months ago. Oops forgot, Jorge and his Veep are oilmen. Read a study the other day that said speculators and hedge fun people are causing oil to be overprices by $30 and it's true market price is $30.

The old taxpayer and American citizen getting screwed again
Link Posted: 8/17/2005 5:09:36 PM EDT

Originally Posted By alaman:
The damn Bush administration needs to get off it's butt and investigate the hedge funds and arbitrators driving up these prices. The speculators are the reason. The ragheads are selling us oil at the same price as 6 months ago. Oops forgot, Jorge and his Veep are oilmen. Read a study the other day that said speculators and hedge fun people are causing oil to be overprices by $30 and it's true market price is $30.

The old taxpayer and American citizen getting screwed again



Price of oil in February '05: $51 a barrel
Price of oil today: $63.25 a barrel


Price of oil once adjusted for inflation:


Link Posted: 8/17/2005 5:39:02 PM EDT

Originally Posted By Avtomat:

Originally Posted By alaman:
The damn Bush administration needs to get off it's butt and investigate the hedge funds and arbitrators driving up these prices. The speculators are the reason. The ragheads are selling us oil at the same price as 6 months ago. Oops forgot, Jorge and his Veep are oilmen. Read a study the other day that said speculators and hedge fun people are causing oil to be overprices by $30 and it's true market price is $30.

The old taxpayer and American citizen getting screwed again



Price of oil in February '05: $51 a barrel
Price of oil today: $63.25 a barrel


Price of oil once adjusted for inflation:

www.chartoftheday.com/20030827.gif



Uh, I was referring to the price the ragheads sell it to us for, not the price increase due to speculators. The Saudis are selling it at the same price as 6 months ago. The entire increase is due to hedge funds and speculators. For instance, the old senile king of Saudi Arabia died and the price jumped. Hurricane in Gulf and price jumps. All the jumps by speculators. Saudis did not raise these prices. It's the futures market. Simply requiring anyone buying futures contracts to take possession would drop the price back to $30.
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