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Oh, I was up in arms about it then . . .
such as a long-haired liberal college student could be. But I saw Mr. Peanut as a fellow liberal, and one to be trusted to do what was best.
What was I thinking? And, by the way, I like you, Glenn.
posted by
WriterofLight
on March 12, 2006 at 4:07 PM
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WriterofLight,
I guess you missed the part about Americans being up in arms over the price back then? You were a long haired Liberal?? What does that mean?? I really hate you!!!
posted by
Glennb
on March 9, 2006 at 7:56 PM
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Oh, and Glenn .. .
Yup, I just had to do throw that in! A little perspective never hurts. I was still a long-haired, woefully naive liberal when Carter was afflicting us. It took his ineptitude and incompetence to get me to see the light of conservatism.
posted by
WriterofLight
on March 9, 2006 at 6:24 PM
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Thanks for commenting!
Ga$ price update - down a whole ten cents in respect for the new dvelopments, after going up 25-30 cents on total speculation.
Jehtro, I think you hit it. It's not only our demand, but demand elsewhere as well. I seriously doubt China or India would have any of our inhibitions about cars and oil refining. On the other hand, China is probably going to restrict personal travel, in the tradition of Communism.
posted by
WriterofLight
on March 9, 2006 at 6:22 PM
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WriterofLight,
You just had to throw that last little dig! I have a question! What would be the price of "oil" if we did not have this "war on terror" as the justification? I remember those so called prices under President Carter! There was talk of invading and taking over the Arab oil fields! Remember? Or did you conveniently forget??
posted by
Glennb
on March 9, 2006 at 2:18 PM
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This link should give some hint at what's to come...
http://www.cbiz.cn/news/showarticle.asp?id=2344
posted by
jethro
on March 9, 2006 at 6:16 AM
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On the supply side gas usually has a small spike in the beginning of spring because companies decrease output as they switch blends from winter ones to spring/summer ones. This could be avoided if there were less states demanding any number of boutique fuels to please environmentalists. Every state has different requirements.
As for the demand it is in fact increasing every day and probably will for the next several decades absent new innovations. China and India are just beginning to tap their gargantuan potential for industrial and personal consumption. Every day there are tens of thousands of people over there with cars who never had them before. Likewise with factories that didn't exist before.
We must remember that the government makes several times the profit on a gallon of gas through taxes than the oil company does.
posted by
jethro
on March 8, 2006 at 7:46 PM
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A strange twist on this scenario. The one gas station in town here in N. Midwest depends primarily on snowmobile traffic coming through, so, accordingly, there's an upward local adjustment of the price of gas. However, last summer, we had the lowest gas prices in the state...go figure! (Weird reasoning to the whole game.)
posted by
reasons
on March 8, 2006 at 7:05 PM
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I filled up today in NY at $2.34 a gallon we have been in that
price range for awhile, I would love to see $2.10
posted by
scoop
on March 8, 2006 at 6:18 PM
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