Midwest Gasoline to Spike $0.50-$1.00 Per gallon

[riptides]

Supply and demand.

Look for who controls the supply...including final product.

 

[Torvy]

Supply and demand.

Look for who controls the supply...including final product.

I'm glad you understand. It is the governments. Only governments have a large enough control over supply to affect anything. Any individual company has too little command of supply to affect real change as their competitors will fill the vacuum. That is why OPEC has been (at times) effective at price fixing, but even with them and their large control, individual states sometimes take the profit. I think too many people believe the Hollywood myth that companies that compete with each other are in some nefarious plot to fix prices. Even in the heyday of trusts in the early 1900s, they had less power than most people understand.

 

[JasperFrank]

Hay Dude, I was at the local supermarket today, and all I saw was a sea of huge parked SUVs, and Luxury Pickup Trucks, 4,200 pound or better vehicles..... to pick up groceries. I did a palm slap to my head. How did this ever happen? If you need a F350, or a Denali, or an Exculade, than that's the vehicle you need to use. But if you don't, need it, you have no standing to complain about gas prices. So, I have very little sympathy. And gas prices don't really effect transportation of goods. A 52 foot trailer loaded with stuff, is effected in a tiny way, pennies, per unit shipped with any fuel price increase. Some Ag is effected, but not all Ag is effected the same way, depending on economy of scale. When I hear cotton or soy bean, 1,200 acre farmers complain, I have to wince, as those crops have price supports. They absolutely know what their market is going to be, cause its set. So, all these people driving around with behemoth vehicles, just to commute to work? Or pick up groceries? Drop the kids off at the Montessori school,... We did this to ourselves. And some how there was a disconnect that an ICE 400 or so HP engine, was ever going to get a good fuel economy in a 2.5 ton vehicle.

 

[Hay Dude]

Hay Dude, I was at the local supermarket today, and all I saw was a sea of huge parked SUVs, and Luxury Pickup Trucks, 4,200 pound or better vehicles..... to pick up groceries. I did a palm slap to my head. How did this ever happen? If you need a F350, or a Denali, or an Exculade, than that's the vehicle you need to use. But if you don't, need it, you have no standing to complain about gas prices. So, I have very little sympathy. And gas prices don't really effect transportation of goods. A 52 foot trailer loaded with stuff, is effected in a tiny way, pennies, per unit shipped with any fuel price increase. Some Ag is effected, but not all Ag is effected the same way, depending on economy of scale. When I hear cotton or soy bean, 1,200 acre farmers complain, I have to wince, as those crops have price supports. They absolutely know what their market is going to be, cause its set. So, all these people driving around with behemoth vehicles, just to commute to work? Or pick up groceries? Drop the kids off at the Montessori school,... We did this to ourselves. And some how there was a disconnect that an ICE 450 or so HP engine, was ever going to get a good fuel economy in a 2.5 ton vehicle.

I think you're deflecting here. I completely agree that it’s wasteful to drive around in an empty pickup or just for filling a void missing in life.
My Ram is seen in Wal Mart or Ace Hardware parking lots all the time. I pick up DEF, grease, batteries, tools, basic parts, etc all the time. How do you know which truck is used for “real” work and which is a grocery getter?

That is a separate issue from the cost of fuel affecting agriculture, manufacturing and transportation.
Trust me, as a farmer I can tell you firsthand, it’s more significant than you think.

 

[riptides]

I have trucks for safety and hauling chores. Both business and personal reasons. That daily driver may be multi purpose. Who knows.

 

[riptides]

.... I think too many people believe the Hollywood myth that companies that compete with each other are in some nefarious plot to fix prices. Even in the heyday of trusts in the early 1900s, they had less power than most people understand.

Former CEO Convicted of Fixing Prices For Canned Tuna

The former President and Chief Executive Officer of Bumble Bee Foods LLC was convicted today in San Francisco for his participation in an antitrust conspiracy to fix prices of canned tuna, the Justice Department announced.

www.justice.gov

 

[Torvy]

Former CEO Convicted of Fixing Prices For Canned Tuna

The former President and Chief Executive Officer of Bumble Bee Foods LLC was convicted today in San Francisco for his participation in an antitrust conspiracy to fix prices of canned tuna, the Justice Department announced.

www.justice.gov

Exactly, it's against the law and they get punished if they try it. If they got tuna canners, do you really think they aren't watching oil companies?

 

[JasperFrank]

"How do you know which truck is used for “real” work and which is a grocery getter?" Cause the bed liner is Armor All'ed and perfect with no scratches or dents.

 

[kenmac]

oil prices are up ! I'm making some money again on my oil stocks again !

 

[kenmac]

Goldman Sachs warns that Russia and Saudi cuts could send oil prices above $100 a barrel by the end of 2024, just in time for Election Day​

If true, It will be very good for those with oil stocks !