Sunday, April 23, 2006

Rising gas prices frustrate the stupid people.

Nation: Its people like Colley where I cheer on any hardship they get from high gas prices to offset the fact they are too idiotic to take seriously.

Patricia Colley drove past two gas stations in the Georgetown neighborhood Friday to save 4 cents a gallon at the Union 76 station on Michigan Street. She wasn't even filling up. Colley needed just enough gas in her Acura to make it to Tacoma, where she knew unleaded regular gas would be cheaper than $2.98 a gallon, the best price she could find nearby.
You can read that over and let it sink into your mind.
Prices are rising, "and there's not any rhyme or reason for it," said Colley, who recently moved from Denver to Seattle for a new job. "And that's frustrating."
Most likely took one economics class and forgot her lessons. But the article does point out some of the reasons for high gas prices.
Analysts say oil prices are likely to climb even higher in the weeks ahead as worries grow about how international pressure on Iran, OPEC's No. 2 oil producer, will affect its crude-oil output. Another factor is disruption caused by rebels in Nigeria, the fifth-biggest source of U.S. oil imports. Finance officials from the Group of Seven countries expressed concern Friday about rising oil prices and pledged to take action to prevent the disruption of the global economy. Policy-makers encouraged the nations -- the United States, Japan, Germany, France, Britain, Italy and Canada -- to commit to greater energy efficiency, conservation and diversification. Accounting for inflation, gas prices in the United States are still about 20 percent below the records reached in 1981, when supplies tightened after a revolution in Iran and a war between Iraq and Iran. At a Shell station in Rainier Valley, the grumbling by customers is growing louder. "They say: 'You guys are too high. You guys make too much money. You guys don't care about your customers,' " said the station owner, who asked that his name not be published. In fact, "we're not making extra money," he said. "When prices go up, we make less." That's because he makes a set profit -- about 10 cents per gallon sold -- regardless of price, he said. Customers deterred by higher prices are buying less gas, he said, and if they pay with a credit card, his profits are reduced by the fees he owes card issuers.
Don't forget to add rising demand from developing countries like China/India, it would help if America could go drilling for more oil domestically, but you the caribou and all that.
Colley said Americans are being "jerked around by oil companies" and need to be thinking of transportation and fuel alternatives. "Until then," she said, "we're stuck at the pump."
Someone tell this twit to go learn about economics.

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