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Barrels and gallons

Posted Friday, September 5, 2008, at 4:03 PM

The price of a barrel of crude oil has dropped drastically this week so I shouldn't have been surprised to notice today the cost of a gallon of gasoline had risen six cents.

I realize it takes a little time for the cost to consumers to trickle down, but it sure takes little time at all for the price to leap upward.

Have you refused to buy a certain brand of gasoline in recent months? I have absolutely avoided Exxon, in my opinion the most greedy of the greedy.


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Well, first of all, I would avoid at all costs Kangaroo. Particularly the one on 231 in Murfreesboro since I was able to put 25 gallons into my 22 gallon tank, and I wasn't even running on fumes. I've pretty much avoided Exxon, but that's the only one that I've avoided because of their greed.

-- Posted by Thom on Fri, Sep 5, 2008, at 6:43 PM

I have also avoided Exxon and agree that they are the most greedy. They are also the highest price and naturally I am going to go to the cheapest place. Here in Texas, Kroger is our best price. Would you go to Exxon if there price at the pumps were below everyone else?

-- Posted by cookie on Fri, Sep 5, 2008, at 6:49 PM

I have noticed that at some of the gas stations here in town also (I won't mention any names but) I have managed to get 10 gallons in my 8 gallon tank when I am on a quarter of a tank.

-- Posted by Dianatn on Fri, Sep 5, 2008, at 10:01 PM

Wouldn't the State be happy to help them with their accuracy?

-- Posted by stevemills on Sat, Sep 6, 2008, at 9:29 AM

That's what I figured, so I called up the Department of Agriculture (1.800.628.2631 or 615.837.5109) and reported them. When I went inside to talk to the manager, I was told that she wasn't there. I asked the cashier to call her and he said "What good is that going to do?" Eventually the other cashier called her when I told him I was calling the police and that they would be able to contact the manager. That is theft, plain and simple.

-- Posted by Thom on Sat, Sep 6, 2008, at 9:47 AM

Oil, is at its lowest price per barrel since April, yet the price is going up??? Gotta love it.

-- Posted by nascarfanatic on Sun, Sep 7, 2008, at 2:44 AM

You also gotta pay it!!!

-- Posted by bomelson on Sun, Sep 7, 2008, at 4:09 PM

They actually had a news piece on one of the Nashville TV channels about area gas station in where the pumps were not reading correctly and dispensing less gas than it was stating. The state goes and checks them every so often and I think they fine them and such. The thing is that you need to report these gas station if this is occurring so they know to make sure and target these places or things like this slide.

The best thing to do though is call or email Andy Cordan with That's Messed Up from Channel 2. He is such an annoying person but definitely makes a scene and definitely gets the attention of businesses that are doing wrong and brings attention to them in the worst way.

Here is one story about a man who pumped more than his tank should hold.

http://www.wkrn.com/global/story.asp?s=8...

-- Posted by jaxspike on Mon, Sep 8, 2008, at 7:25 AM

Supposedly gas is going to hit the $4.50/gal mark by the weekend... VOTE MORE REPUBLICANS IN!!!!!!!!!!!!!

-- Posted by Disturbia on Thu, Sep 11, 2008, at 10:07 PM

Yea Boy...Gotta watch those Republicans that can conjure up hurricanes.

-- Posted by Dianatn on Thu, Sep 11, 2008, at 10:18 PM

The hurricanes may be the reason for the gas hike...but it's only a convenient reason. This excuse just happened to fall in the lap of the already obscenely rich. They're always digging for some excuse to gouge the prices on everything from food to gas to taxes and anything else you can name.

As the saying goes: "The rich keep getting richer and poor keep getting poorer".

-- Posted by time2relax on Fri, Sep 12, 2008, at 1:10 PM

time2relax,

AMEN!

-- Posted by Disturbia on Mon, Sep 15, 2008, at 7:55 AM

http://news.yahoo.com/s/nm/20080915/bs_n...

Price per barrel is $94.18, it has fallen $7 a barrel today alone... I wonder how long it takes to see that reflected at the pumps?

-- Posted by darrick_04 on Mon, Sep 15, 2008, at 8:23 AM

I too am curious as to when that will happen. I'll not be on the roads till tomorrow, so I guess I'll find out then.

-- Posted by Sharon22 on Mon, Sep 15, 2008, at 12:52 PM

March 2008: Price per barrel~ $95, Regular gasoline/gallon $3.26

September 2008: Price per barrel~ $95, Regular gasoline/gallon $3.84

These were the prices per gallon back in March when the price per barrel was a mirror image of what it is today... So, in other words the price per barrel is the same today as it was 6 months ago yet it now costs us .58 more per gallon... which means if you have a 20 gallon tank, and you fill it up every 7 days for the entire year, you'll be paying $603 more than you should.

-- Posted by darrick_04 on Mon, Sep 15, 2008, at 3:42 PM

Yes the price of crude oil is down but you will not see that crude oil in your gas stations for 3-6 months. And that is if the refineries start producing again soon.

When gas went up this past weekend that was on spectualtion of a shortage not because their gas cost them any more than it did the day before.

Keep in mind Gas Prices are mainly gaged on Supply and Demand.

Use Less, Drive the price down!

-- Posted by Dianatn on Mon, Sep 15, 2008, at 6:09 PM

I don't think supply and demand is the case when 5 of the top 10 largest corporations in America are oil companies... Whom each have recorded record profits for the last few consecutive years.

When OPEC, the countries that produce the oil, say there is plenty of oil there, and the oil companies said there was more demand than supply, then suddenly weeks later stories come out saying that demand has been down all year, who do you believe?

-- Posted by Disturbia on Mon, Sep 15, 2008, at 10:13 PM

Disturbia

You possibly could be right but consider this for one minute. The news was gas prices would rise $1.25 over night. What happened when this news got around town? Cars lined up at every gas station across America to fill their cars before the prices went up but when you got up the next morning they were up by 11 cents. Thus increasing the demand...prices went higher. The gas that was already in the tanks at the service stations was already purchased gas..Why would it need to go up except for the fact of demand?

The crude oil is sitting waiting now to be refined ...supply will be limited until the refineries go back up and running again. Many stations are running out of gas already in larger cities..thus keeping the prices high. When the supply goes up the prices will come down.

Why else do you think the gas prices are always higher during the summer months and Holidays...people travel more thus making the demand higher.

-- Posted by Dianatn on Tue, Sep 16, 2008, at 12:10 AM

You know you can use this same scenario for any business: Take Wal-Mart- let's say Wal-mart has some really cute T-shirts every kid in town wants one of these shirts, they sell for $10.00 each. Wal-Mart sells so many of these shirts they reorder more but they decide because there is such a run on these shirts they will sell them for $12.00 each. When this Fad is over Wal-Mart still has cases of these T-shirts that did not sell...what do they do? They put them on Clearance and sell them for $5.00....Supply and Demand. Demand makes these shirts higher...Supply of unused shirts makes them go down.

-- Posted by Dianatn on Tue, Sep 16, 2008, at 12:19 AM

I don't think supply and demand is the case when 5 of the top 10 largest corporations in America are oil companies... Whom each have recorded record profits for the last few consecutive years.

-- Posted by Disturbia on Mon, Sep 15, 2008, at 10:13 PM

SERIOUSLY? You think that the size of their company has ANYTHONG whatsoever to do with supply and demand? Wow, that's a stretch. I think they're hosing us, but I wouldn't say that the laws of supply and demand cease to exist when a corporation reaches a certain point.

The supply will increase when people realize that we have GOT to have more refineries. We haven't had a refinery built in over 30 years and we've had a number of them shut down. If they would only build two or three refineries, that would help at least until we can get several forms of alternative energy going. Personally, I like ethanol and as soon as I get me a still built I'll be burning that in my cars. Even if I have to pay the state road tax on my ethanol, I'll still be coming out ahead.

-- Posted by Thom on Tue, Sep 16, 2008, at 6:43 PM

SERIOUSLY? You think that the size of their company has ANYTHONG whatsoever to do with supply and demand? Wow, that's a stretch. I think they're hosing us, but I wouldn't say that the laws of supply and demand cease to exist when a corporation reaches a certain point.

-- Posted by Thom on Tue, Sep 16, 2008, at 6:43 PM

Well being as the current price per barrel is $92, and the price per gallon is $3.99... AND the supply is still there (overall), AND the demand is down (overall) then the only conclusion I can draw is that NO, supply and demand has nothing to do with market speculation, which by the way is the ONLY reason oil reached $147 a barrel in July... Once Congress talked about launching investigations, there was a MASSIVE sell off of oil futures, which has thus resulted in a decreases of $55 per barrel... Yet the price at the pump is just the same now, as it was in July.

-- Posted by Disturbia on Tue, Sep 16, 2008, at 9:14 PM

Gas stations across America are running out of gas, how is the supply there? refineries still are not up and running in the Gulf so there is no gas coming from the gulf.

Crude oil is sitting waiting...Demand is still here but No Supply.

What you need to be asking is why one gas station can charge 3.89 and the one across the street is charging 4.00.

-- Posted by Dianatn on Tue, Sep 16, 2008, at 11:16 PM

At some stations in Mufreesboro, one station is charging $4.29/gallon while across town some are charging $3.99/gallon. Same brand of gas too. Hmmm

-- Posted by darrick_04 on Tue, Sep 16, 2008, at 11:31 PM

Well being as the current price per barrel is $92, and the price per gallon is $3.99... AND the supply is still there (overall), AND the demand is down (overall) then the only conclusion I can draw is that NO, supply and demand has nothing to do with market speculation, which by the way is the ONLY reason oil reached $147 a barrel in July... Once Congress talked about launching investigations, there was a MASSIVE sell off of oil futures, which has thus resulted in a decreases of $55 per barrel... Yet the price at the pump is just the same now, as it was in July.

-- Posted by Disturbia on Tue, Sep 16, 2008, at 9:14 PM

This just reinforces the fact that we don't have enough refineries. You can have all of the oil in the world, but if you don't have enough refineries to make the gasoline, then you CANNOT possibly have enough to keep up with the demand...even though it's declining. The "supply" that I was talking about was the supply of REFINED oil, not oil in general.

-- Posted by Thom on Wed, Sep 17, 2008, at 7:57 PM


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Bo Melson is a retired sports and police beat editor of the Times-Gazette.
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