Gas Prices

[Innervision]

According to Yahoo news, gas prices have risen 41 days in a row. Refinery problems are shown as high prices but as you know imagine there are big players in gas industry. Some people say that oil demand is still weak. So how this is happening? If demand is weak then prices should go down. What’s your opinion?

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[Aleta]

I think that it is time to step up to driving less again. Seems like that was the only thing that brought the prices down. It does hurt the businesses though but, if you organize your errands, you can still do the shopping you need to do.

Since the prices have gone back up, I'm watching my speed and a few of the rules we were using when it was above $4.

[reptile411]

There are several indicators that our economy is getting better. Because of this there is not so much fear among consumers and they end up driving mroe and spending more money rather than watching there funds and hording money. I don't think these indicators matter to the oil industry though. Prices go up this time of year as they have forever and will continue to. I agree we should all drive less. I live in a small town and can do much of my traveling on my mountain bike rather than starting the gas hog 8MPG SUV, I however am screwed with work as I work in another town and will all the DUI's on the highway between home and work I wont take the 15 mile risk of dieing at 11pm on my way home. I think I will however start looking for a new vehicle. I go through about $100 per week just to gas up the SUV while my wife spends about $30 per month to gas up her new little Sentra.

[simpleyme]

Oregon state just added a gas tax among the many taxes it has passed in the past week ,our state hates us and is trying to drive us out one new tax at a time

[feh]

Originally Posted by Innervision

According to Yahoo news, gas prices have risen 41 days in a row. Refinery problems are shown as high prices but as you know imagine there are big players in gas industry. Some people say that oil demand is still weak. So how this is happening? If demand is weak then prices should go down. What’s your opinion?

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One thing to keep in mind - when you consider demand, it's demand to purchase oil, not necessarily consume it. One of the things that has driven the price of oil up over the last couple months is speculators getting back into the market.

[Shane Watson]

The thing about oil is that, its not demand its need, like food or something. So, to whatever we show our interest in, will effect the economic equilibrium but for oil it does not need to have any effect from our visibility. It only depends on the supplier which is, what should be the price level?