The High Price Of Gas And The Evil Oil Companies
Keywords: high price of gas, oil companies, $4.00 a gallon gas
When people talk to me about their financial problems, there is one thing they always mention to me that they feel is a great stumbling block that has been place in front of them, keeping them from getting down the path to success.
“The price of gas is killing me,” they say. “We got to do something about the evil oil companies ripping off the hard working people.” I’ve heard it so many times I’ve got it memorized perfectly.
Let’s take a close look and see just how badly we’re all getting burnt by the high price of gasoline.
The price of gas is way too high!
The price of gas is high and that has an effect on everything. High gasoline prices cause high shipping prices and this price is passed on to the consumer via higher prices of goods. It’s easy to see if the price of gasoline goes up too much it could cause a substantial economic downturn.
However, right now the inflation rate is a very healthy 2.2%. If high gasoline prices were causing problems, inflation would be high. In other words, if energy prices were at destructive levels, they would be causing a recession. There is no economic downturn right now. Interest rates and the unemployment rate are good. The G.D.P is strong and steady.
Yeah, but I wish prices were like they were in the 50’s!
When adjusted for inflation, the price of gas is about the same, or a little lower than it was in 1980. In the 50’s and 60’s, there were periods of time when the price of gas, in inflation adjusted terms, was higher than it is today.
So, it would probably be inaccurate if you were blaming gas prices for your financial woes, unless you have some very unusual circumstances. Probably $4.00 per gallon gas, for a prolonged period of time, would harm our economy, but the $3.60 that we have experienced for a couple of short bursts, and the $3.00 plus or minus we are paying now, seem to have no negative effect.
Aside from the inflation adjustment analysis, economists believe that the tax cuts that were passed in George W. Bush’s first term have negated the effect of rising energy prices. Economists also agree that raising the income taxes back to where they were before they were cut would slow down our economic growth, and then if the price of gas went up again, it really could cause a recession.
In conclusion, I’d have to say we probably could do better, but as of yet, the high price of gas hasn’t slowed down our economy to any measurable degree.
The big oil companies only care about profits!
The worst thing the high price of energy has done to this point is cause strong hostility toward our nations’ oil companies. This is very much a problem! American oil companies are not evil. Their profit margins are actually smaller than many other businesses’ profit margins.
Across the sea, in any of the several countries who would love to see America fall, they love it when we hate our own companies. They would love to see us repulsed by all of our industry. After all, we have set the standard in the world for capitalistic excellence. That is why they hate us. They are jealous of us. We have everything so they want to see us become poor, miserable, hateful, vengeful, useless slobs just like they are. It truly encourages them when we hate our own leading companies.
Could you imagine the shape we would be in without our oil companies. Which industry would survive without them? Blacksmithing? The Great Depression wouldn’t come close to an example of the way we would be suffering without our nations leading companies being able to survive. The thought of this would make a terrorist’s blow himself up with a smile on his face!
Whatever? Still, the price of gasoline is way too high!
Keep this in mind. Right now New York Unleaded Gasoline is trading for $2.03 a gallon on the New York Mercantile Exchange. You can buy it for that. Of course, you would have to take delivery on 42,000 gallons, but that is what the price is, $2.03. The rest of the price of a gallon of gas that you pay at the pump includes, $.08 a gallon to the gas station and taxes. The gas itself is $2.03.
I just came from the grocery store. I bought, among other things, some bottled water. The container it came in looks like it is a gallon container, but actually, the container size is 3 quarts, 5.4 ounces. This container of water cost me, before taxes, $1.29. By doing a little calculating I found that $1.29 for 3 quarts 5.4 ounces is equal to $1.63 for a gallon.
Now, that’s water! Water is cheaper than gas. Now go find something else.
Ed Lathrop is a successful Real Estate investor. He has developed EzCalculator, a Mortgage, Student Loan, Credit Card and ROI Calculator. The Mortgage Calculator includes the famous “How to Make $100,000 on Your Mortgage” calculator. Come visit this free site at www.ezcalculator.com
Previous Articles Highlighter:
Newer Approaches To Payment (1)
Before credit cards gained in popularity, check payment was the preferred mode of payment when it came to larger sums of money. However, there were some negatives in this kind of payment.
Stop, Look, And Listen - That's How You Apply For A Credit Card The Right Way (2)
It is their one of the alternative recourse every time they are cash-strapped. However, there are still individuals who get a credit card just because they do not want to carry cash within their pockets.
Is Preparing Your Tax Return Online Safe? (3)
It would be wise when having a quote to initially not use your own social security number or actual address for example until you are satisfied with the computations, the process and the price.
How To Save Up To 90% On Title Insurance (4)
For a small fee (usually an additional 10% on the policy), the title company will hold a title commitment open for a year or more. Rather than issue a policy based on the first transfer (from the seller to you), they will issue a policy on the second transfer (from you to the next buyer).
One Of The Few Loans We Do Recommend -- But Only If You Follow These Simple Rules (5)
You can get Biblical tips on health, finance, relationships, parenting, and success, delivered to your email inbox every week. Simply visit www.wisdomsedge.com and sign up for this free e-zine.
The Home And The Need To Belong (6)
Most people these days are have no issues with the idea of taking loans and mortgages to fund their house-buying expenses. In fact, it makes sense to get a home mortgage to help you pay for that dream house of yours.
How To Repay A Student Loan (7)
I personally feel that how you deal with your student loans will be a major factor on how you deal with car payments, mortgage payments, and any other large monthly bill that you have for the rest of your life.
Fall Recorded In Financial Confidence (8)
Wales and the Midlands were said to have seen the largest decrease during the second three-month period of 2007 in Britain, with indexes in the regions falling by nine points to 100.
How To Beat Gas Stations At Their Own Game (9)
With the current drop in prices, I saw a station drop its price by 18 cents in one day. If you had filled up that morning, you would have spent an additional $3.60 on a 20-gallon tank versus filling up later that evening.
A Guide To Career Development Loans (10)
Although you have to pay the loan back with interest, you will not be paying anything during your course, and the money that you pay back should be countered by the extra wages you can earn with your new skills.
A More Optimistic Future For The Marbella Property Market (11)
This was due to the fact that the previous Town Hall granted licenses which were contrary to the previous Marbella planing. At the time a new planning document was drown up but the regional government did not approve it.
Different Credit Repair Options (12)
They provide you loans with almost no security. Whenever they do that they would ask for a premium interest. Obviously you will be paying more interest than other options offer you.
Londoners 'Intent' On Buying Property (13)
Although mortgage expenditure was reported to account for 20.1 per cent of income across consumers of all ages - this figure is the highest level recorded since 2002. Due to rising affordability pressures of property, the age of those getting on the first rung of the housing ladder was now reported to rise past the current average of 29.
How To Refinance Your Credit Card Dues (14)
Businesses have realized that people tend to make more purchases on credit than they do when they pay by cash. And this would be because when they are paying in cash they actually feel what they are spending.
Teenage Holiday Spending 'Could Impact On Parents' Finances' (15)
Philip Robinson, head of debit cards and travel services for Lloyds TSB, said: "Parents are understandably nervous about picking up the bill for their children's fortnightly holiday excesses. One way to help with budgeting is not to send them away with too much cash, which is a temptation".
How To Fight Back After Bankruptcy (16)
You should deposit a fixed some every month. This shows that you are keen on saving for any emergency in the future. Stay away from any further debts.
Credit Counseling: The Basics (17)
But if you are really not in a position to pay back the loan with the interest, then there is hardly any gain for your creditor. You will have to declare that you are bankrupt but the creditor wouldn't gain anything out of that.
What Makes A Gas Rewards Card Worthwhile? (18)
On the other hand, if you rarely or never carry a balance, the interest rate isn't going to matter to you at all. Pay your credit card off and you are getting the rewards without paying extra for the privilege.
6 Ways To Save Money When You Eat Out (19)
You can write off only 50% of meals and entertainment, but it adds up over the year. Many times you can combine two or more of these tips and save even more.
Know Your Options For Student Loans (20)
These tend to be easier to get if your financial situation is worse or if your financial situation is average to excellent then you will probably get a portion of what others may get.
Newer Articles Highlighter:
Online Trading: Abuse Of The Internet (1)
Say a broker wants people to trade on a particular stock. For people to trade on a stock, they must know about it, and then they must be made to understand there will be a definite positive gain in trading on that stock.
Buying Property Abroad Need Not Be A Pain In The Balearics (2)
In order to do this though there are still a number of legalities which have to be covered, this too can be handled by established agents. Nowadays Mallorca property agents can offer off plan villas or complete services to oversee building projects, often helping you to find an architect to draw your tailor made plans, helping you design a Mallorca property specifically to your requirements, again provide lawyers to take care of the legal jargon and then provide you with a complete project management package, which oversees the whole project from plans to completion of building.
System Trading: The Future Of Online Trading (3)
And when conducting a trade is just a click away, it is highly possible that we make such mistakes. To avoid being carried away by our emotions day trading was introduced, where you enter the market on the morning with no shares and you leave the market in the evening without any shares.
The Correct Student Loan Might Help Avoid Debt Consolidation Financing In The Future (4)
How to evaluate the best student loan for you... One of the many basic options is a Stafford loan, hundreds of thousands of current students have used these loans as a needs of partially financing their education and they do have some positive aspects.
Bank 'May' Increase Interest Rates (5)
With new orders within the industry rising at their fastest pace for more than a year and employment increasing for the seventh consecutive month, factory gate inflation is currently said to be at its highest since the PMI began in 1992.
The Pros And Cons Of Online Trading (6)
You don't have to leave your room. Who could have imagined a few years before to trade on stocks while lying on his bed with his laptop in front of him?
Confidence 'Unrattled' But Brits Reported To Face 'Tough Times Ahead' (7)
Consumers are now predicting property prices to increase by some 2.7 per cent over the next six months, in comparison to forecasts of a 2.9 percentage point rise recorded in June.
What Is So Great About Online Investing? (8)
To top it all, it is often very difficult for you to take time out and invest it on maintaining your portfolio. All these factors lead up to you being dependent on someone else or you end up taking the wrong decision because you are not informed enough or you just simply stay away and do nothing.
The Essence Of Online Trading (9)
What you will finally get is something a lot different from what you were expecting. So the feeds have to be live and real time. There can be no two-ways about it.
The Options For Credit Repair (10)
Keywords: credit repair, rate of interest, investor , creditor, loans, bankruptcy, Debt Consolidation Services Credit repair today is a thing that is being discussed in various circles and there is no surprise in that because consumer debt today has hit an all time high in the US.
Online Trading: The Tools You Need (11)
For example you will not need a DVD writer to trade online. But there are a few things that you must not compromise on. First have a wide screen monitor.
Things To Follow After You Emerge Out Of A Debt Trap (12)
These cards require you to deposit an amount with the bank and the bank will allow you credit only up to the amount that you have deposited with the bank.
What Do You Need For Online Trading (13)
Basically you have to be clued in. and that is when you will truly enjoy online trading. You have tried it and tested it and you are happy to go live with it.
Risks Of Online Trading (14)
Keywords: online trading, hackers, micro-caps, stock, internet There are a few kind of risks that are there when you trade online. The first kind of risk is from the hackers.
Forex Trading - How To Read Forex Quotes (15)
If you want to buy one euro unit, therefore, you will have to sell 1.2526 US dollar units. Next is the "bid/ask" spread. The bid/ask spread is the alternative to broker commissions in the forein exhange market.
Basic Forex Trading - What Is Margin And Leverage? (16)
Even though this seems like a bad position to be in, though, this does protect you from losing even more if the broker had left your position open and prices continued to move in the direction opposite to what you had anticipated Therefore, even though no one wants to get that margin call, you can help make sure it doesn't happen by using stop-loss orders so that you can cut your losses before you get to the point of being liquidated.
Why A Business Owner Policy Is Important (17)
It is possible that some businesses find the limits of coverage are not very low, or they do not like the lack of flexibility of options like the coinsurance. However, the flexibility missing at the business owners policy is compensated with lower premiums for its business.
What Should You Look For In An Online Trading Account? (18)
To check the trustworthiness of the service provider is your first job. Secondly, check the kind of investments you can make and if the provider offers you all the options through the account you are subscribing.
What Is Long Term Care Insurance? (19)
The long term care insurance is a very good opportunity to prevent huge nursery expenditures, and to bring calm for many people and their families. And regarding information, it is important to mention that companies offer it for free and they clarify any doubtful aspect of policies.
Basic Forex Trading - What Are Pips? (20)
Therefore, fundamental analysis is very important. When trading currencies you need to know about the countries economic situation. Visit www.123onlinetrading.com to find more great information about online forex trading.
Permalink to The High Price Of Gas And The Evil Oil Companies