MyFox
 

SKevin's Rant

by SKevin from Lake Dallas

Last Post 39 days, 6 hours Ago


Exxon's Gas Any Economy Buffs Out There?
Feb 11, 2008 | 7:47 AM
Category: News
Report This Post

I am curious as to how gas prices work. We have all had to suffer through the high gas prices as of late-especially late summer. Fall comes and a leaf may blow into a refinery so prices need to go up. Winter comes and it gets a little cold plus people may drive to relative's homes over the holidays so prices need to go up. They stayed up. A ripple effect happened with airlines raising prices to offset fuel costs. Milk prices went up-I guess because of the leaf in the refinery or something.  All kinds of prices were raised because of fuel prices and then Exxon released its earnings. They had record profits-imagine that. Then gas prices went down not too long after Exxon's earnings were released. Life is good again.

So is there a correlation? And now Exxon wants to spar with Venezuela. Are they doing this so they can create some kind of scare to drive gas prices back up? Are there any economy buffs out there who can explain gas prices or should I just know that cold weather, a possible hurricane somewhere in 2008, falling space debris, and all kinds of fear are the real reasons gas prices go up.

7 Comments |  Add a Comment

Member Comments Total Comments: 7
Page 1 of 1
terrellmom read my blog view my photos
Feb 11, 2008 | 8:32 AM

I don't get it either. And now gas is down to 2.69...what caused the downturn?
UCantHandleThisTruth read my blog
Feb 11, 2008 | 9:54 AM

Its Chavez causing the disturbance.

Generally its supply and demand but the futures contracts has much to do with the price.

but geo politics influences the contract prices.

We should never have given up what was ours via discovery and that was the oil found in the middle-east
rustynickel read my blog
Feb 11, 2008 | 1:01 PM

Explanation in a word --- GREED.
runningdeer read my blog
Feb 11, 2008 | 2:40 PM

http://www.grobetusa.com/ProductDescriptions/economyche
mkotebuff.html
Check this site out I hope that it will help you out some.
ProudAmerican read my blog view my photos
Feb 11, 2008 | 3:58 PM

They have used and reused every excuse under the sun but they aren't gouging the public.

Friday I noticed the gas prices at one Wal-Mart station were 2.77 5 minutes up the road another Wal Mart the price was 2.69.

It's not like they are buying it from another supplier. I bet they even have the same delivery man. So why the difference?
AlwaysWatching read my blog
Feb 11, 2008 | 9:18 PM

What is mind bending..There are 286 million people (aprox.?) in the US. Exxon could have "given" every one of those people, 1 million dollars each and still made a profit of Billions-36 or so.....Wasnt the profit for Exxon 40 Billion last year? Sounds a lot like gouging to me. But that is just how it seems. Gouge does sounds a lot like Greed, except, to gouge is illegal...They would never do anything illegal, would they?.....:)So yes I agree. We will call it Greed..HAHAA
nived23 read my blog view my photos
Feb 11, 2008 | 10:16 PM

There is no reasoning for this ruckus! Seriously! The govt. will just raise prices to make us think that there is something wrong somewhere overseas or in the govt. Its just a whole bunch of BS. Milk... Same thing. The cows are fine. Meat, it really all depends who, where and how the meat is cut and taken care of, but its at the slaughter house's expense to decide these stupid insignificant things. I think its a whole bunch of cow crap! There is nothing we as a whole of the govnt. can do about it. We just have to live with whatever the people in this profession have to decide and do. It really is quite sad that we have to subject to this because they pretty much make us believe that things are not right. Like for instance, this so called "war". Why are we still over there? What's the point? If they want to act stupid and blow themselves up, then we need to get the heck out of Dodge, and then they can just do so. At least there won't be anymore of our guys/girls killed at no damn expence at all and for no good reason. Whoever becomes president next, needs to get our people out of there... yesterday! I just hope things get cleared up and back to normal quick!!!
Page 1 of 1


Write your comment below:




SKevin

I teach at a middle school in a suburb north of Dallas and I love it. I am married to a teacher as well. My wife is from New Orleans and we spend much of our time in New Orleans-the greatest city in the world and I am Dallas born and raised. We wish we could make a life there and we did try because we wanted to help with the recovery but it was just not possible. We see Dallas as our place to work and New Orleans as our place to live. It will come back. When I have free time I like to read, work on home improvement projects, cook, write, and sell/buy on Ebay.

Member Since: 8/5/2006


 

View All Photos


RSS: XMLWhat is RSS?