Gas prices continue to fall

The gas prices near me have remained at 3.87 for about 2 weeks...why not continue to drop..or are the speculators of gas controlling that part also?
They made a killing raising the prices from June to August!
So who is monitoring all of these PIGS!

Obviously the GAS PRICES HAVEN'T FALLEN DOWN ENOUGH OR FAST ENOUGH. When they get down to $2.00 a gallon HERE in BUFFALO, then we can feel better. Guess EXXON-MOBILE WON'T LETB THAT HAPPEN. They're the ONL ONES CELEBRATING with their EXCESSIVE PROFITS. Their CEO's and CFO's are LAUGHING THEMSELVES SILLY! This has been the BEST YEAR of their GAS GOUGING LIVES!

I have a question and a comment. First my comment, the last time I heard oil futures had closed on the market for about $107.00 a barrel. Can anyone tell me what we were paying for a gallon of gas at that time? If it was cheaper than what we are paying now, why is that?
Secondly, with all the shooting occuring in the city of Buffalo, why not impose Marshall Law and have the NY State National Guard patrol the city streets after dark. If the parents of those involved with the shootings can't raise their children to respect the law perhaps the use of force will wake them up.

Prices will continue to fall till after the elections. This is what happens when you elect an oil man in office. The repub. will say that things are looking better and after 7years of problems now all the sudden they have things all figured out and working well, Ya right. They are banking on everyones short term memory to kick in. Don't forget it's an election year.

I'm just wondering why you can go across the state line into Pennsylvania and get gas on average 21 cents a gallon cheaper than anywhere in New York. What is gas in New York different or special in some way that it costs the consumers more? Or is it just another ploy by the state to make the residents pay for their over spending?

chris wrote:

Prices will continue to fall till after the elections. This is what happens when you elect an oil man in office. The repub. will say that things are looking better and after 7years of problems now all the sudden they have things all figured out and working well, Ya right. They are banking on everyones short term memory to kick in. Don't forget it's an election year.

You got that exactly RIGHT!

Where have they "fallen"? New Jersey? It ain't happenin' in NYS especially Grand Island. The 3 stations in the middle of the Island have a pact and keep them all at $3.91, more than any other community in WNY. 2948

I've lived on Grand Island for the past 2 years, but I NEVER buy gas there. Lately, I've avoided buying it anywhere in the Buffalo area because of the way we're getting gouged.

I regularly travel through the Rochester and Binghamton areas and I always fill my tank while I'm there so I don't have to fill it here. They've been in the $3.65-3.75 range for weeks, so I'm not impressed with a $3.88 average in the Buffalo area. If WIVB really wants to do some investigative reporting, let them find out why gas is so much more expensive in Buffalo (not just the usual "excuse du jour" about us being at the end of the line either - if that excuse were actually true, places like North Dakota wouldn't be 30-40 cents cheaper than Buffalo) and then find out what's being done about it.

'gas prices continue to fall'- will this go on forever?

its about time,but how long before it sky rockets again?

SAH wrote:

<quoted text>You got that exactly RIGHT!

thats what i figured after i wrote my first comment

Just keep paying.
A vote for me guarantees higher taxes on everything in WNY.
Vote for Dale morons. I've only been in office for 36 yrs........

Damn the people in my district are so damn stupid!
I love it! They believe anything I tell them!

Silver Stag wrote:

Obviously the GAS PRICES HAVEN'T FALLEN DOWN ENOUGH OR FAST ENOUGH. When they get down to $2.00 a gallon HERE in BUFFALO, then we can feel better. Guess EXXON-MOBILE WON'T LETB THAT HAPPEN. They're the ONL ONES CELEBRATING with their EXCESSIVE PROFITS. Their CEO's and CFO's are LAUGHING THEMSELVES SILLY! This has been the BEST YEAR of their GAS GOUGING LIVES!

Silver Stag,

The oil companies operate on an 8% profit margin which is hardly excessive. What gets my goat is that Exxon-Mobil makes an $11 billion quarterly profit and everyone goes nuts. However, in that same quarter Exxon-Mobil paid $34 billion in taxes. If you ask me....I think the government has no interest in seeing prices fall. Follow the money....who is the one getting the most? In a related item, GM posted a $15 billion dollar loss in the same quarter, no outcry about the potential for a staple of our national economy tanking.

The Commie

When I was in Germany ('81-'83), gas was about 2.50DM per liter, wich was over $5. a gallon, then. I have long predicted our gas catching up to the rest of the world. As far as record earnings for oil companies, McDonald's also had record earnings, why? Burger gouging? No, they sold more burgers... Higher oil earnings... we bought more gallons... We have to change our wicked ways. In todays world we have zero margin of error in the world oil supply... Almost any event can up the price of oil overnight, wars, hurricanes, terrorist attacks, explosions, fires, or breakdowns at refineries...

Boo wrote:

I'm just wondering why you can go across the state line into Pennsylvania and get gas on average 21 cents a gallon cheaper than anywhere in New York. What is gas in New York different or special in some way that it costs the consumers more? Or is it just another ploy by the state to make the residents pay for their over spending?

In our region ( I don't know exactly what area that "region" actually covers im total) we are required to use what is known as "boutique" gasoline; a special blend that's suppose to reduce smog and other pollution more than the more common "mass produced" gasoline. For various reasons that sort of fuel costs about 20-25 cents more per gallon to produce. Add to that cost the differances in state and local taxes over what PA. might impose.

thenycommie wrote:

<quoted text>
Silver Stag,
The oil companies operate on an 8% profit margin which is hardly excessive. What gets my goat is that Exxon-Mobil makes an $11 billion quarterly profit and everyone goes nuts. However, in that same quarter Exxon-Mobil paid $34 billion in taxes. If you ask me....I think the government has no interest in seeing prices fall. Follow the money....who is the one getting the most? In a related item, GM posted a $15 billion dollar loss in the same quarter, no outcry about the potential for a staple of our national economy tanking.
The Commie

You're correct theycommie, it's the " government" that's the largest single beneficiary of the oil industry business, taxes. What folks are apparently failing to understand is that taxation costs MUST and WILL eventually be passed through to the CONSUMER, as is true of any and all production costs in WHATEVER business you choose to examine. Those folks who demand that any business pay more in taxes WILL eventually PAY MORE for the product; THAT'S AN UNAVOIDABE, ECONOMIC FACT OF LIFE!
Should the market (or government interferance) somehow not allow for those cost pass throughs (ie. windfall profits tax), thereby causing the minimum financial return demanded by investors to be non-obtainable, the business will either cut back on production or shut down. Then EVERYBODY, investor and consumer alike, loses.
I believe that the squawk about the aggregate profit figure of E-M is merely a matter of "scale". Folks simply cannot invision such figures; either the value of the MASSIVE, unsecured investment that is poured into E-M by it's stockholders, or the profit figure itself. ANY assesment or judgement made without comparing those two factors is just meaningless BS.
The fact is that @ an 8% return E-M's return is actually LESS than the average U.S. industrial venture! If folks want E-M to pay more in taxes on that sort of return then they should logically demand simliar taxation rates on the "average" U.S. industry. Then they can pay more for the products they buy!

Gas prices rise every summer. The oil companies tell us it's not gouging, it's because demand is up.
But this summer demand did not rise very much but prices still rose a lot......

Rad wrote:

Gas prices rise every summer. The oil companies tell us it's not gouging, it's because demand is up.
But this summer demand did not rise very much but prices still rose a lot......

You're correct as to U.S. market demand this summer. Unfortunately it was the huge and rapid rise in the worldwide cost of crude that drove up retail gasoline costs. Those crude costs FAR outstripped any seasonal demand costs and would have been reflected in U.S. gasoline prices even if it was wintertime, when demand is normally down.

enforcer wrote:

When I was in Germany ('81-'83), gas was about 2.50DM per liter, wich was over $5. a gallon, then. I have long predicted our gas catching up to the rest of the world. As far as record earnings for oil companies, McDonald's also had record earnings, why? Burger gouging? No, they sold more burgers... Higher oil earnings... we bought more gallons... We have to change our wicked ways. In todays world we have zero margin of error in the world oil supply... Almost any event can up the price of oil overnight, wars, hurricanes, terrorist attacks, explosions, fires, or breakdowns at refineries...

McDonalds doesn't raise the price of their burgers 300% in one year like the oil companies do. Also, eating at McDonalds is your choice, you need gas to survive. I agree we have to find an alternative but that will never happen as long as the oil companies have any say about it.

Rad wrote:

Gas prices rise every summer. The oil companies tell us it's not gouging, it's because demand is up.
But this summer demand did not rise very much but prices still rose a lot......

In fact, didnt demand fall this summer, compared to precious summers?

Has anybody looked at the amount of taxes that there on a gallon of gas? Last I looked (when gas was around $2.90/gal) in NY there were approx $0.65/gal in taxes!!

A few of those were percentage-based, meaning as gas went up, so did winfall to the governments, local, state and federal. Some of those were taxes on taxes.. sales taxes were charged upon the fed taxes added before the gallon has left the refinery.