Gas price's

[Ron61]

Originally Posted by Bob In Ct

When you leave out the tax it's about the same price as soda. Seems like a bargain. I'd like to know why a box of 50 rounds of 9mm range ammo is costing me almost $20!

Bob

Bob,

I was over at the range shooting yesterday and they can't even get any 9mm ammo. All they had were a few, about a dozen boxes, of odd caliber ammo and Jeff told me that they had been calling every day trying to get 45 and 9mm and just can't get any. Also their selection of guns for sale is very small and he said they are even having a hard time getting new ones to replace them as everything is back ordered. Al, of the gun stores around here are out of 9mm and they say the same thing. People are going from store to store trying to find a gun they like as most of them only have some of the less popular models in stock. I did find one 45 caliber that 8 months ago was priced at $595. It is now $1,295 and is the same gun as I looked at back then.

As for the gas prices they raise them a lot every year up here for the tourist trade. But since the tourists aren't coming in any big numbers this year, they raised the prices more and faster to try and make up for the lost extra money they would have taken in during a normal season. Not only has the economy hurt here, but the drought and the lake being so low also hurts and many people are staying close to home.

Ron

[Wayne Maybury]

The selling price of gasoline is not directly tied to the cost of oil but there certainly is a link. It is also a good excuse for the oil companies to increase the price of gas.

One of the reasons for the cost of oil increasing is that the USD is tanking compared to most major currencies. The US government cannot continue to spend billions (trillions) of dollars more than it takes in without the value of the currency falling.

Wayne

[86Sebring]

its those greedy bast...ds on wall street, check this article from yahooo news:

At the same time, prices are starting to rise for seasonal reasons. Americans drive more in summer, and federal and state laws require different, more expensive gasoline blends this time of year.

The trading markets are at work, too. By mid-February, the price of oil had fallen so far — below $34 a barrel, compared with a peak of $147 last July — that large investors couldn't resist buying in.


Investing momentum feeds on itself, and government data suggests speculative trades are on the rise, meaning people are buying in simply because they know they can sell for a quick profit.

"There's no lack of gasoline right now or the lack of ability to produce it, and anyone who says speculators are not playing a role in this run is delusional," said Tom Kloza, publisher and chief oil analyst at the Oil Price Information Service.

The same thing happened last year, to a much greater extent. Because when the Wall Street crisis struck and the economy tanked, oil prices collapsed. Gas fell to $1.61 by the end of the year.

There should be a regulation to prevent this crap from happening...