Avgas Coming Down?

In rec.aviation.owning me wrote:
O.K. Robert

I guess your free market theories don't take in to account there illegal
activities huh !




"This story ran on nwitimes.com on Wednesday, August 30, 2006 12:12 AM CDT

WASHINGTON | Federal investigators are reportedly looking into whether BP
PLC manipulated crude-oil and gasoline markets, the latest in a string of
inquiries into the British oil company."


US investigates gasoline and oil trading by BP
Regulators look for signs company tried to rig market
By Bloomberg News | August 30, 2006

BP P LC, Europe's second-largest oil company, is being investigated by U S
authorities for possible manipulation of the crude-oil and unleaded-gasoline
markets, a spokesman said.

The crude -oil inquiry is the subject of an investigation by the U S
Commodity Futures Trading Commission, which regulates futures markets.




" A responsible oil company should charge you as much as you are willing
to pay. Oil is provided by for-profit companies. Oil prices are held
down by competition. "gouging" implies that either the companies
illegally got together and fixed prices or you don't understand free
market enterprise. If you think the oil companies are making too much
money, switch sides, buy some oil stock and share the profits.

-Robert

So what's your point?

There are illegal activities in every field of human endeavour.

Finding a crook in some business doesn't mean everyone in the business
is a crook.

--
Jim Pennino

Remove .spam.sux to reply.

I can never recall avgas going down.


"Jon Kraus" wrote in message
. ..
Here in Indianapolis I have seen Mogas go down from $3.20 a gallon to
$2.50 and it appears that it will keep on dropping.

On the other hand at my home base I just filled up for a trip and still
are paying $4.50 a gallon. Has anyone noticed if Avgas is coming down
too? Maybe it has to do with not making 100ll as often as Mogas. What
say you?

Jon Kraus
'79 Mooney 201
4443H @ UMP

I think they should all be nationalized.


A responsible oil company should charge you as much as you are willing
to pay.

Great idea. The government never tries to get extra money and is so much
more efficient. Add to that there would be no competition and we would see
gas prices to the point that they'd have to put in pumps that were could for
$9.99 which would give them an excuse to increase the price some more.


"OtisWinslow" wrote in message
...
I think they should all be nationalized.


A responsible oil company should charge you as much as you are willing
to pay.

The "oil companies" do not control the price of crude oil,
it is a world market product, sold at auction. Those buyers
may be refiners "big oil" who actually make gasoline and jet
fuel, or more often they are speculators who sell on the
spot market. The price of crude goes up and down with every
pipeline attack, revolution in the Congo, terrorist threat.
Like the estate auction, emotion drives the price.
The price of gasoline depends on the supply and cost of
crude, the available refining capacity, the means of
delivery [truck, pipeline, train, ship/barge], the demand,
the weather report and EPA/DOT rules.

The USA needs to build refineries, drill where ever oil is
located, or go back to walking and riding animals. Nuclear
power for cars is a long way away. What other power source
is there?

There is plenty of oil in the ground, oil is not a finite
material, it is produced by the Earth. The "shortage" is
caused by government rules, {can't drill in ANWAR, can't
drill off-shore, can't drill if the rig can be seen}, that
refinery smells bad [they do, but so does a hog or chicken
farm] so we haven't built a totally new refinery in decades
[some have been modernized or expanded].

Adjusted for inflation, gasoline is cheaper today than it
was fifty years ago.

Inflation is caused by the government, they control the
money supply.



"OtisWinslow" wrote in message
...
|I think they should all be nationalized.
|
|
| A responsible oil company should charge you as much as
you are willing
| to pay.
|
|

Well said. All major oil companies are public companies and everyone
is free to buy their share, or invest indirectly thru energy focused
mutual funds.

Yours truely for example, bought into energy mutual funds in late 2004
and the gain of that investments exceeds the extra money I paid for gas
many, may times.

I never understand why people complain about the oi price gouging.
Just buy their stock and you'll ge gouging yourself :-)

Robert M. Gary wrote:

If you think the oil companies are making too much
money, switch sides, buy some oil stock and share the profits.

-Robert

"OtisWinslow" wrote:

I can never recall avgas going down.


I have this year or last.

Ron Lee

OtisWinslow wrote:

I can never recall avgas going down.

In real dollars it doesn't happen often (like it is now).

In terms of dollars adjusted for inflation, it actually
happened through the 80's and 90's when the price remained
very stable while other stuff was going up.

"Montblack" wrote in message
...
("ET" wrote)
Oh, and forgot to mention that people don't drive/fly as much with gas
almost triple the price of 5 years ago....


In the late 90's, gasoline at the pump was approx 60¢ for a brief spell
(not adding in tax). It just finished running approx $3.00 (not adding in
tax)

Gas prices have quintupled, inside of 7 years, from extreme to extreme.

From extreme to extreme and back again. Of course, China and India were
buying a tenth of what they do now. Hell, most of the world has developed a
voracious appetite. Capacity here was not as stretched as it is today.

And the US continues to block exploration/extraction here, instead "giving
it to terrorist and environmentalists". Like the old (really old) adage,
America got what it asked for (asked, hell, it threw a wild raving tantrum),
but what they asked for is not what they wanted or expected.

(Somehow my sympathy meter is on the fritz.)

"me" wrote in message ...
O.K. Robert

I guess your free market theories don't take in to account there illegal
activities huh !

A free market is NOT anarchy.

Get a clue, huh!