Message Forum - Read Message

Category: Voting poll discussion > Topics	Add to favorite topics Post New Topic

Author	Topic: [Poll: 2010.12]: What factor do you think impacts fuel prices the most?	Post a Reply Back to Topics

JT Moderator	Message Posted: Mar 14, 2010 12:01:00 AM Ignore JT Report Abuse What factor do you think impacts fuel prices the most? Supply and demand OPEC policy Other geopolitical issues Market speculation Oil industry profit motives Government policies Another factor (explain in the discussion) Post your thoughts about this poll below.

Moderator

Message Posted: Mar 14, 2010 12:01:00 AM

Ignore JT Report Abuse

What factor do you think impacts fuel prices the most?
Supply and demand
OPEC policy
Other geopolitical issues
Market speculation
Oil industry profit motives
Government policies
Another factor (explain in the discussion)

Post your thoughts about this poll below.

REPLIES (newest first)

First

Next Last

SAVEITIL Veteran Author Chicago Posts:365 Points:199,675 Joined:May 2009	Message Posted: Aug 3, 2010 3:00:03 AM Ignore SAVEITIL Report Abuse Market speculation
pkhdonovan Champion Author Maine Posts:7,052 Points:1,730,395 Joined:Sep 2005	Message Posted: Jul 19, 2010 7:41:27 AM Ignore pkhdonovan Report Abuse market
april4 Champion Author Virginia Beach Posts:7,232 Points:1,436,375 Joined:Oct 2005	Message Posted: Jul 19, 2010 7:36:27 AM Ignore april4 Report Abuse Market speculation
fuel1971 Rookie Author San Antonio Posts:73 Points:29,510 Joined:Jun 2010	Message Posted: Jul 3, 2010 10:42:37 PM Ignore fuel1971 Report Abuse Market speculation
bell05 Champion Author Atlanta Posts:4,356 Points:907,155 Joined:Jun 2005	Message Posted: Jun 7, 2010 8:28:07 AM Ignore bell05 Report Abuse Many different factors
Tundralimited2009 Champion Author Dallas Posts:2,587 Points:520,450 Joined:Feb 2009	Message Posted: May 30, 2010 10:17:58 AM Ignore Tundralimited2009 Report Abuse Everything
LXH18 Champion Author Los Angeles Posts:10,775 Points:2,237,575 Joined:Jun 2004	Message Posted: May 29, 2010 3:33:47 AM Ignore LXH18 Report Abuse Supply and demand, Market speculation and climate.
DanielleNC Rookie Author North Carolina Posts:11 Points:2,305 Joined:May 2010	Message Posted: May 25, 2010 2:08:15 AM Ignore DanielleNC Report Abuse WELL supply and demand, economy, barrel prices, weather.
g357 Veteran Author Mobile Posts:462 Points:142,470 Joined:Jul 2009	Message Posted: May 23, 2010 9:19:02 PM Ignore g357 Report Abuse Wall St.speculation,seasonal,weather,investor demands fuels the roller coaster prices increases across the globe.
DavoIL Veteran Author Chicago Posts:436 Points:332,705 Joined:May 2009	Message Posted: May 23, 2010 9:13:20 PM Ignore DavoIL Report Abuse definitely supply & demand but with alot of speculative factors
FocusGuy Champion Author Seattle Posts:2,121 Points:458,350 Joined:Apr 2009	Message Posted: May 21, 2010 7:40:11 AM Ignore FocusGuy Report Abuse supply-demand with some influence of predictors.
RobinM2010 Rookie Author Pennsylvania Posts:5 Points:3,780 Joined:May 2010	Message Posted: May 4, 2010 9:39:14 AM Ignore RobinM2010 Report Abuse Definitely, oil company profits are what drives the market. Example, since the explosion in the Gulf of Mexico, the prices for heating oil and gasoline have jumped considerably. The oil companies have raised the price of oil that's already here (and refined). It happens all the time - they jump on any excuse to raise the prices: it's cold - let's raise the price of heating oil, it's holiday time - let's raise gas prices when everyone is travelling. Obama said taxpayers will not be footing the bill for the clean-up. How stupid do you think we are - we most certainly will be paying for the clean-up; maybe not thru our tax dollars but thru higher prices at the pump and to heat our homes.
boatcrazyinme Veteran Author Maine Posts:347 Points:82,615 Joined:Apr 2010	Message Posted: May 3, 2010 7:01:51 PM Ignore boatcrazyinme Report Abuse I belive it is all market speculation an greed.
dental man Champion Author San Diego Posts:10,156 Points:2,263,075 Joined:Mar 2003	Message Posted: May 2, 2010 3:07:19 PM Ignore dental man Report Abuse Supply and demand
g357 Veteran Author Mobile Posts:462 Points:142,470 Joined:Jul 2009	Message Posted: May 2, 2010 2:55:38 PM Ignore g357 Report Abuse Wall Street Investors demands,Speculation to drive-up prices,Maybe a regional conflict/potential war,Supply & Demand, Weather/Hurricane or Winter Blizzard,Downright Greedy Brokers.
BIGBOOTYJUDY Rookie Author St. Louis Posts:40 Points:5,670 Joined:Apr 2010	Message Posted: Apr 30, 2010 5:59:32 PM Ignore BIGBOOTYJUDY Report Abuse I think we pay what they want us to pay. The goverment is afraid that if they give us a break in the price they would have to come off of their high horses.LOL
thinkaboutit All-Star Author Colorado Posts:870 Points:50,010 Joined:Jul 2005	Message Posted: Apr 28, 2010 12:19:25 AM Ignore thinkaboutit Report Abuse Costumer preference! The willingness of millions of customers to rather cut back on other expenses than not buying expensive gas has de facto led to a revaluation of currencies' purchasing power.
jeffrey561 Rookie Author Baltimore Posts:84 Points:26,005 Joined:May 2009	Message Posted: Apr 27, 2010 12:26:37 PM Ignore jeffrey561 Report Abuse Greedy OPEC. Period!
boatcrazyinme Veteran Author Maine Posts:347 Points:82,615 Joined:Apr 2010	Message Posted: Apr 23, 2010 4:20:50 PM Ignore boatcrazyinme Report Abuse any world event, is a good reason for them to rise gas prices an GREED itself.
ggreenwood4 Rookie Author Oklahoma City Posts:1 Points:395 Joined:Sep 2005	Message Posted: Apr 6, 2010 10:02:02 PM Ignore ggreenwood4 Report Abuse Total and Absolute GREED!
rickskitty Rookie Author Arizona Posts:4 Points:180 Joined:Apr 2010	Message Posted: Apr 5, 2010 5:36:17 AM Ignore rickskitty Report Abuse I think the government. Just like in other products I believe they either pay to not produce oil or just don't use certain wells to inflate the prices. I have friends who get dividend checks for oil but if 100 barrels isn't pumped from their wells they don't get paid. Here is the problem, when gas prices are high they don't get paid because I believe their wells arent being used.
Danny2010 Rookie Author New Hampshire Posts:36 Points:73,795 Joined:Mar 2010	Message Posted: Apr 2, 2010 9:33:29 AM Ignore Danny2010 Report Abuse It is mostly greed.
HFAJR0034 Champion Author New Mexico Posts:1,130 Points:276,415 Joined:Jul 2009	Message Posted: Mar 31, 2010 12:47:51 PM Ignore HFAJR0034 Report Abuse greed
HowardBealeCA Rookie Author Oakland Posts:5 Points:1,905 Joined:Mar 2010	Message Posted: Mar 30, 2010 9:29:48 PM Ignore HowardBealeCA Report Abuse Unbridled avarice, a gov that represents corporate interests before those of "We the People," and our total reliance on petroleum based technologies.
haley623 Rookie Author California Posts:10 Points:470 Joined:Mar 2010	Message Posted: Mar 30, 2010 6:12:01 PM Ignore haley623 Report Abuse yes, the oil companies do account for much of the fuel prices, but also the actual stations as well. I have heard of the barrel prices being reduces, but the price we pay remains the same. who do you think is taking in the extra money? I hate that market speculation has become such a huge factor as to why the prices increase, but I know it does. Gas should be cheap, thus more people will probably use it less sparingly.
xheavyd53 Rookie Author Alabama Posts:1 Points:120 Joined:Mar 2010	Message Posted: Mar 29, 2010 8:50:33 AM Ignore xheavyd53 Report Abuse just straight up greed by oil companies
dannyshouse Champion Author San Francisco Posts:1,461 Points:666,950 Joined:Apr 2008	Message Posted: Mar 28, 2010 11:17:21 AM Ignore dannyshouse Report Abuse speculators' greed
CrazgsupS All-Star Author San Diego Posts:510 Points:55,615 Joined:Mar 2010	Message Posted: Mar 27, 2010 3:32:29 PM Ignore CrazgsupS Report Abuse I think it starts with OPEC, then supply and demand, then market share
LonghornBubba Champion Author Houston Posts:8,482 Points:1,678,780 Joined:Jul 2005	Message Posted: Mar 25, 2010 10:32:48 AM Ignore LonghornBubba Report Abuse Market speculation
g357 Veteran Author Mobile Posts:462 Points:142,470 Joined:Jul 2009	Message Posted: Mar 24, 2010 11:02:57 PM Ignore g357 Report Abuse Pure undisputed market speculation,shorting,greedy commodity brokers,investors demand,unregulated wall street advanced tactics,circumventing & manipulating market rules of operations/government regulations,legal income tax evasion by investors.
pipercub1941 Rookie Author Quebec Posts:1 Points:770 Joined:Jun 2008	Message Posted: Mar 22, 2010 9:25:39 PM Ignore pipercub1941 Report Abuse Price fixing. Vast difference in price. Low cost for shipping and higher prices than where it is very expensive to ship and still have a 15% lower price [Edited by: pipercub1941 at 3/22/2010 9:28:05 PM EST]
Danny2010 Rookie Author New Hampshire Posts:36 Points:73,795 Joined:Mar 2010	Message Posted: Mar 21, 2010 8:05:52 PM Ignore Danny2010 Report Abuse definitely GREED
Soulplayez Veteran Author Oakland Posts:438 Points:881,620 Joined:Aug 2006	Message Posted: Mar 21, 2010 1:30:52 AM Ignore Soulplayez Report Abuse Greed!!!
forty69 Rookie Author British Columbia Posts:1 Points:121,095 Joined:Nov 2006	Message Posted: Mar 21, 2010 12:30:21 AM Ignore forty69 Report Abuse Supply and Demand. If you don't buy it. There's no demand. IE. The price go's down.
doc327hank Sophomore Author Maryland Posts:245 Points:80,430 Joined:Jun 2009	Message Posted: Mar 20, 2010 9:54:56 PM Ignore doc327hank Report Abuse There are 4 basic pieces that make up the cost of gasolline, not including taxes. The cost of crude, the cost of transportation, the markup at the service station and the "Crack Spread". Transportation and the service station costs are preety well fixed. The cost of crude is generally supply and demand, plus stock piles and also geopolitical risk. The last can go up and down rapidly. Speculation is usually not a major factor. Ususally does not mean never; a few years ago, the Big Money shifted from stocks and bonds into commodities and drove the price of crude way up. Some in Big MOney made out OK; SOme lost part of their shirts. That's why it;s called specualting. The reatil consumer across the globe preety much got hurt. The last item is the "Crack Spread". That's the cost differential of a gallon of crude that a refinery pays and the price it gets for a gallon of gasoline. That is almost purely a result of supply, which is related to the refining capacity and percentage of utilization, and demand. When demand is high, even if the price of crude is low, the refiners make money. The demand is low, even if the price of gas is high, as has been the case for the past few years in the USA, the refiners don't make money. A few years back, when the USA didn't have enough refining capacity on line, the only thing that saved us from gas prices going way through the roof (way past $4.00), was the fact that the refineres in Europe had excess gasoline capacity, because Europe had been switching to Diesel, and the prices in the USA (specifically in the New YOrk City Area) were high enough that they could make money shipping the gasoline here. Wihtout a doubt the most significant is supply and demand. But the supply is affected by, Opec Policy, Geopolitic Risk, and Government (not only US government) Policies.
357revo Champion Author Pittsburgh Posts:11,408 Points:1,413,145 Joined:Sep 2006	Message Posted: Mar 20, 2010 9:26:59 PM Ignore 357revo Report Abuse Most of the posters here are either ignoring, or ignorant, of the effect that government decisions have on the fuel supply and the resulting prices. For example, did you know that the Obama administration rejected issuing new oil exploration leases for the next five years in the gulf and coastal waters? Did you know that the Democrats made it off limits to develop shale oil deposits?
Bonanza Champion Author Boston Posts:6,253 Points:1,578,590 Joined:Jun 2004	Message Posted: Mar 20, 2010 8:58:05 PM Ignore Bonanza Report Abuse Market speculation
FranklinGasGuy Champion Author Nashville Posts:3,600 Points:708,060 Joined:Aug 2008	Message Posted: Mar 20, 2010 8:40:33 PM Ignore FranklinGasGuy Report Abuse Government is the cause of why we can't drill and build refineries. NEED I SAY MORE!! YES WE NEED CHANGE!, VOTE!
chui Champion Author Dallas Posts:1,969 Points:1,621,795 Joined:Sep 2004	Message Posted: Mar 20, 2010 7:26:33 PM Ignore chui Report Abuse I, fill the market .
Muradia Champion Author Toronto Posts:5,213 Points:1,145,950 Joined:Nov 2006	Message Posted: Mar 20, 2010 7:21:08 PM Ignore Muradia Report Abuse Market speculation
71wedge Rookie Author Calgary Posts:2 Points:14,190 Joined:Jun 2006	Message Posted: Mar 20, 2010 5:57:05 PM Ignore 71wedge Report Abuse refining capacity, and demand.
pkhdonovan Champion Author Maine Posts:7,052 Points:1,730,395 Joined:Sep 2005	Message Posted: Mar 20, 2010 4:56:59 PM Ignore pkhdonovan Report Abuse speculation is #1, then is civil unrest anywheres
popeye2009 Sophomore Author Ottawa Posts:172 Points:164,345 Joined:Sep 2009	Message Posted: Mar 20, 2010 3:56:29 PM Ignore popeye2009 Report Abuse The super powers after the oil suppliers. eg IMF, World Bank, they set the price that goes to OPEC. They all take extreme profits before it hits the fuel station. Prices collusions set the same price at all stations therefore competition is gone. Competiton has been gone for many years.
Dancin Champion Author Toronto Posts:4,222 Points:1,784,965 Joined:Mar 2004	Message Posted: Mar 20, 2010 3:30:15 PM Ignore Dancin Report Abuse Supply and demand rule the day, but Toronto prices are not explainable. WHY is it that fuel prices are higher in the most competitive market in Canada, and lower outside the GTA ? This is NOT competition !
CPGas1815 Champion Author Michigan Posts:1,696 Points:249,870 Joined:Apr 2008	Message Posted: Mar 20, 2010 2:08:37 PM Ignore CPGas1815 Report Abuse The absence of effective regulations to curb the abuses that corporations inflictt upon their very own customers.
OKRifle Champion Author Oklahoma City Posts:4,885 Points:851,020 Joined:Oct 2007	Message Posted: Mar 20, 2010 1:13:49 PM Ignore OKRifle Report Abuse Still, Market Speculation!
investmentdr All-Star Author Cleveland Posts:527 Points:532,585 Joined:Sep 2008	Message Posted: Mar 20, 2010 12:18:04 PM Ignore investmentdr Report Abuse conserve
investmentdr All-Star Author Cleveland Posts:527 Points:532,585 Joined:Sep 2008	Message Posted: Mar 20, 2010 12:17:49 PM Ignore investmentdr Report Abuse conserve
investmentdr All-Star Author Cleveland Posts:527 Points:532,585 Joined:Sep 2008	Message Posted: Mar 20, 2010 12:17:17 PM Ignore investmentdr Report Abuse conserve [Edited by: investmentdr at 3/20/2010 12:17:29 PM EST]
zacksnanny All-Star Author New Brunswick Posts:552 Points:1,345,480 Joined:Aug 2005	Message Posted: Mar 20, 2010 10:10:44 AM Ignore zacksnanny Report Abuse Market speculation