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Originally posted by Ghost375
You don't list averages for any other year but this year?
I don't know whether you took the lowest price for that year or what.
Originally posted by BigBruddah
reply to post by Janky Red
Although you have a good point, elsewhere in the world we pay much much more than that. We pay around $1.30-$1.60 for a litre of petrol in aus which is a quarter of a gallon... In europe its even worse.
Originally posted by neo96
yep it has nothing do with inflation
or the price of a barrel of oil
or the fact there were less people driving
or there was more oil being produced
or the fact that oil refineries are decades old without a single new one built
or the rise of china and india consumption of oil
or bans on drilling in this country and the gulf
no no ats readers those evil big oil companies are ripping you off
Originally posted by neo96
reply to post by Janky Red
yeah im pretty sure 2 billion new drivers in the past 10-20 years has effect the price of oil
i did forget that state taxation that goes into the equation but then agian its got nothing to with that
or the demand for oil has outpaced its supply remember now oh another thing
the more people competing to bring goods and services to market means lower prices what hand full of oil companies left who controls where and what they get to do?
you want cheaper gas get more people producing and open up new means of production.
edit on 19-9-2011 by neo96 because: (no reason given)
Originally posted by beezzer
Drill
Baby
Drill
I'm with you on this, JR! We need to open up drilling, free market baby! Get some new companies, new refineries, new industry, new competition, lower prices!
Boo-Yah!
Originally posted by OccamAssassin
reply to post by Janky Red
Lets see the price in 1991 was US$1.14 and in 2011 it's US$3.66.
Inflation is usually set to make pricing double every 10 years.
But the prices increase 250% in ten years
at one point it was over 300% in 8 years time
Originally posted by OccamAssassin
But you fail to take into account that the period between 1991 to 2001 was only approx 23%.
The last ten years price hike has been due to a lack of sufficient price increase between the period 1991 to 2001.
Originally posted by Janky Red
Originally posted by OccamAssassin
But you fail to take into account that the period between 1991 to 2001 was only approx 23%.
We pay Billions upon Billions to subsidize this sector, the period of time before 81-91 the corollary was
-28%. The US is not the same case as AUS....
The last ten years price hike has been due to a lack of sufficient price increase between the period 1991 to 2001.
No it is not, it is due to speculation
Originally posted by links234
reply to post by beezzer
You're missing the point beez...you're getting ripped off by the oil companies. If they build new refineries they'll increase their prices to 'cover the costs' of the new refineries. Open up new drilling sites? They'll do the same thing.
$30 billion in profit? Not enough to cover the costs, sorry, you need to pay another dollar per gallon.
Record prices=record profit, there's no external reason for the price increase. They're doing it because they can, it's collusion, conspiracy and price gouging.
You're getting f*d by the corporations and you're still blaming the government.