[joelfmi]

Originally Posted by MartinSE

And the Doctors degree cost $3,000 or something silly back then, so they could afford to make house calls for $10.

Here is an idea, lets just divide all salaries by 20 - anyone making $100/hr will tomorrow be making $5/hr ($10k/year) and divide all prices by 20, so a car costing $80K will cost $4K. That is about what they cost back then.

Then we can stop with the dreamy memories of paying $0.10 for a cup of coffee. As I tell my wife often, it's all just zeros tagged on the end. The cost is about the same today - just with zeros added, and wages are about the same today, just with zeros added.

The egg of today is better than the hen of tomorrow.

[Andyb]

Not buying your positive comment on gas prices, while many Americans are suffering. It did not have to skyrocket, if we would have stayed energy independent.

[OhioBuckeye]

You’re missing our point it’s not the gas prices it’s why they’re 4 & $5.00 a gal. It’s not because Putin they’re high. THINK about why they’re high!

[MartinSE]

Sad, everything is a conspiracy - it just makes common sense.

[/sarcasm]

[airstreamingypsy]

Has it occurred to anyone that the pandemic has calmed down. People went back to work. To get there they drove their cars. So what does this do to demand for gas and oil? It goes up. What happens when the demand for something goes up and supply stays the same? Prices go up.

[Topspinmo]

Originally Posted by airstreamingypsy

Has it occurred to anyone that the pandemic has calmed down. People went back to work. To get there they drove their cars. So what does this do to demand for gas and oil? It goes up. What happens when the demand for something goes up and supply stays the same? Prices go up.

So, you’re saying there was no demand before the pandemic.

[haysus7]

Oil company’s still making huge profits

[Topspinmo]

Originally Posted by haysus7

Oil company’s still making huge profits

They are business in free country that’s oK.

[MartinSE]

Originally Posted by Topspinmo

So, you’re saying there was no demand before the pandemic.

No, and you know they are not saying that. They are saying there was less demand. Which results in the just in time inventory to ramp down. Once down it takes time to ramp back up.

And since the Oil companies are making historic level profits they don't have a lot of motivation to increase production.

[MartinSE]

Originally Posted by Topspinmo

They are business in free country that’s oK.

So, you are okay with $250/vial for insulin too? It's called predatory capitalism, and it sacrifices people for profits. So, I disagree with you, I do not believe that any amount of profit at any cost is acceptable.

[JMintzer]

Originally Posted by airstreamingypsy

Has it occurred to anyone that the pandemic has calmed down. People went back to work. To get there they drove their cars. So what does this do to demand for gas and oil? It goes up. What happens when the demand for something goes up and supply stays the same? Prices go up.

So why wasn't it well over $4.00/gallon BEFORE the pandemic, when people were actually driving MORE than they are now?

[JMintzer]

Originally Posted by MartinSE

No, and you know they are not saying that. They are saying there was less demand. Which results in the just in time inventory to ramp down. Once down it takes time to ramp back up.

And since the Oil companies are making historic level profits they don't have a lot of motivation to increase production.

Why was there less demand? Your comment makes zero sense...

[OrangeBlossomBaby]

Originally Posted by Tvflguy

More current comparison to gas prices of 2020 is actually a more valuable and cause/effect lesson. Parade is a typical Mass Media publication, attempting to dilute and avoid actualities of the current issue.

If you think your math is superior to the syndicated columnist in that weekly publication, then let's see it. Do the same comparisons and show us how your answer is different.

[OrangeBlossomBaby]

Originally Posted by Love2Swim

According to the experts, there are three factors at play:

1. Post Pandemic demand. During the pandemic people sheltered at home so the typical driver cut their demand for gas in half. That sharp decline caused gas prices to plummet to a low of $1.94/gallon in April 2020.

2. Cuts to Oil Production. As the global economy recovered from the pandemic, OPEC was slow to ramp up production. The demand was far higher than the supply, causing higher prices.

3. War on Ukraine and global sanctions make it difficult for Russian oil to flow to the global market causing a 20% spike in oil and gas prices in just weeks.

Experts say oil and gas drilling in the US has increased but companies in the U.S. are constrained by tight supplies of rigs, trucks and labor that they need to supply more oil.

Even so, when adjusted for inflation, today's fuel prices are still below their peak in 2008.

The conspiracies about the Keystone pipeline also play RIGHT into the hands of the oil companies, who are the only one who stand to benefit when the masses believe that the conspiracies are true.

Facts: the oil is still getting here, same as it always has. Nothing has changed in that regard. Not a single thing. There is no shortage coming from Keystone. At all. Zilch.

2. The pipeline being complained about would not be built until NEXT YEAR even if it was approved 100% and construction had begun on it last year. So it would have ZERO impact - zilch, nada, on TODAY's gas prices.

3. The main petroleum companies in the world have published record profits for 2020, before the price spikes began. They're not hurting for distribution. They're putting a choke-hold on it because it is in their best financial interest to do so. The rich folks running the show can afford $6/gallon gas, especially when they're earning several million dollars every year in profits.

Summary: Gas prices are going up because oil companies have CHOSEN to jack up the prices. It's as simple as that.

[JMintzer]

Originally Posted by OrangeBlossomBaby

The conspiracies about the Keystone pipeline also play RIGHT into the hands of the oil companies, who are the only one who stand to benefit when the masses believe that the conspiracies are true.

Facts: the oil is still getting here, same as it always has. Nothing has changed in that regard. Not a single thing. There is no shortage coming from Keystone. At all. Zilch.

2. The pipeline being complained about would not be built until NEXT YEAR even if it was approved 100% and construction had begun on it last year. So it would have ZERO impact - zilch, nada, on TODAY's gas prices.

3. The main petroleum companies in the world have published record profits for 2020, before the price spikes began. They're not hurting for distribution. They're putting a choke-hold on it because it is in their best financial interest to do so. The rich folks running the show can afford $6/gallon gas, especially when they're earning several million dollars every year in profits.

Summary: Gas prices are going up because oil companies have CHOSEN to jack up the prices. It's as simple as that.

So YOUR conspiracy theories are correct and everyone else's are wrong? Cool...