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Started By
Message
How is gas $5.00 a gallon in NY when oil is $80 a barrel - I smell greed
Posted on 5/22/18 at 11:04 am
Posted on 5/22/18 at 11:04 am
Gas was the same price there a few years back when oil was $140 a barrel. And the cost per barrel and OPEC were the reasons oil companies used for jacking up prices
What excuse are they going to use this year?
What excuse are they going to use this year?
17
Posted on 5/22/18 at 11:04 am to theunknownknight
Supply and demand?
Posted on 5/22/18 at 11:05 am to theunknownknight
Taxes are a big part of it I imagine.
This post was edited on 5/22/18 at 11:05 am
Posted on 5/22/18 at 11:05 am to theunknownknight
Check how much of that $5 is taxes and youll find your answer on who is greedy.
Posted on 5/22/18 at 11:06 am to 3deadtrolls
Bingo. Govt realized what people are willing to pay and levied taxes accordingly.
Posted on 5/22/18 at 11:06 am to theunknownknight
NY loves them some taxes.
Posted on 5/22/18 at 11:07 am to theunknownknight
You price for what the market is willing to pay, not what it cost to produce, simple economics.
Posted on 5/22/18 at 11:08 am to theunknownknight
Yeah, that'll happen when you tax the hell out of every gallon of gas
Posted on 5/22/18 at 11:12 am to Tiguar
With there being a trucker shortage there is also that burden thrown in.
Posted on 5/22/18 at 11:13 am to theunknownknight
Where in New York? Gasbuddy says it's a touch over 3 bucks in Manhattan.
Posted on 5/22/18 at 11:14 am to theunknownknight
Taxes for one thing.
Another is that gas is not oil. Sure, generally speaking as the price of oil goes up so will gas. But if some other distillate becomes much more valuable (say there's a big run on a certain kind of plastic) that will reduce the supply of gasoline.
Another is that gas is not oil. Sure, generally speaking as the price of oil goes up so will gas. But if some other distillate becomes much more valuable (say there's a big run on a certain kind of plastic) that will reduce the supply of gasoline.
Posted on 5/22/18 at 11:14 am to theunknownknight
INFLATTTIIIOOONN...
Do you speak it!!
The economy is heating up with all those inflated dollars dumped into the system the last near decade.
Do you speak it!!
The economy is heating up with all those inflated dollars dumped into the system the last near decade.
Posted on 5/22/18 at 11:15 am to theunknownknight
taxes bro. you should have went vote instead of having brunch
Posted on 5/22/18 at 11:16 am to theunknownknight
Things are always more expensive with a republican in the WH.
They love helping big Corp.
They love helping big Corp.
Posted on 5/22/18 at 11:16 am to theunknownknight
Posted on 5/22/18 at 11:19 am to Nado Jenkins83
quote:
taxes bro.
It looks like only one station in Hell's Kitchen is doing it so the answer may be closer to "because he can"
Posted on 5/22/18 at 11:23 am to GetCocky11
thats from last jan 2017.
when prices were low
when prices were low
Posted on 5/22/18 at 11:27 am to theunknownknight
quote:
Gas was the same price there a few years back when oil was $140 a barrel. And the cost per barrel and OPEC were the reasons oil companies used for jacking up prices
What excuse are they going to use this year?
I'm fine with their gas tax policy.
NY has a mindboggling volume of commuters. Higher prices may take some of those cars off the roads in lieu of mass transit which is actually pretty good. It may also spur demand for lower cost electric/hybrid vehicles.
Posted on 5/22/18 at 11:31 am to theunknownknight
quote:
How is gas $5.00 a gallon in NY when oil is $80 a barrel
Maybe the barrels got smaller?
Posted on 5/22/18 at 11:33 am to theunknownknight
Funny how no one came close to answering the question.
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