larry wrote:
Baloney, gas prices are all the same or near the same throughout the country, Here in Pa. the local refinery gets the same price as the distant refinery. Why? because they can and do fix prices to maintain a fixed profit. At this point, we are all willing to pay the price no matter what, because we have no better alternative.
We do have alternatives--drive more fuel efficient cars. This lowers our out of pocket expense and puts downward pressure on oil based on less consumption.
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In China because there are no gas stations around like they are here, everybody rides a bike. Would you ride your bike instead of driving ten miles? Most free wheelers are riding motorcycles because of the lower cost.
China is the second largest consumer of oil and the largest importer of oil in the world. Now what is your point?
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You raise fuel prices, and everything costs more. Food, Water Home heating, Medicine, beer, everything. How do you justify the present price of Fuel when the processing cost hasn't changed in forty years. Except for increased wages and cost of maintenance. Only 40% of a barrel of oil goes for fuel, the rest goes for countless other high priced cook offs. The profit in a barrel of oil is more than 200 times it's cost.
Oil is a world wide commodity--when you increase demand in one area prices go up in all areas. That really all the justification there needs to be...