Comments on: Today’s fuel price musings - Why is gas going up while oil is going down?

By: Ralph

Ralph — Sat, 13 Sep 2008 16:40:50 +0000

this whole thing with gas and diesel is sad in many ways, years ago when President Nixon was in office, he asked that people would drive
55 mph to help save on fuel, ( believe or not , for the most part I still do)
and i laugh often, people pass me going close to 65 or more, and a few minutes later i can come up behind them at a stop light, so what is gained by speeding? why not just leave sooner,and just maybe safe and alive! most people don`t care, but will complain about prices. also
i feel when fuel prices are down how come food and other products don`t come down!? Guess we just have to except what news media says, cause its always the whole truth!. ya right !! we the people on TIGHT budget pay the price, .

By: Thomas V. Bona

Thomas V. Bona — Wed, 10 Sep 2008 20:08:58 +0000

Folks,

Thanks for your comments. Check out my latest post for answers to your questions.

By: Joe

Joe — Wed, 10 Sep 2008 19:47:03 +0000

The oil is down and the gas price here went from $3.89 2 days ago to $4.17 here in Evergreen Park. Something is wrong here.

By: Chris

Chris — Wed, 10 Sep 2008 14:05:16 +0000

Who cares if they were not making their normal profit when oil companies are making a ridiculous amount of profit anyway. Oil companies do not care if we can afford our groceries or water bills, why should we care how they are SLIGHTLY effected. Although I do not know what type of profits gas stations have I am sure they make out very well especially with their prices on the snakes at their store are way above suggested retail price, killing our pockets again, because we are paying for convinience. I would like to see gas prices ot rise to $4.09 a gallon in Romeoville, Illinois while oil is around $ 106 a barrell and falling to $ 104 a barrell.How come gas rises just as fast as oil rises but not vise versa. That my friend is called gauging. Why should I pay more for gas because they want to keep the price around the same for other states when I live next to chicago and paying way more than the national average? I agree with James Bryan that this reporter must have some stakes or hidden agendas because he is lieing to himself to try and think that we are not being price gauged.

By: James Bryan

James Bryan — Wed, 10 Sep 2008 00:56:28 +0000

I wonder if the writer has a stake in ad revenues to the paper. Each and every time that oil prices went up, within hours the price of gas went up.
Now that oil has fallen below $100 the price at the pumps in the Rockford area is once again on the rise to $4 a gallon. Each station pretty much in lock step. I would say that there is a disconnect which the rrstar has plainly found it not in their interest to follow as a local story.

And pardon me if my concern for oil company margins is not what they would like. At $30 a barrel they were still the top profit making corporations in the country. The cost of refining has not gone up, nor wages in the industry. So wave a rag of rationalizations for Retail prices, but that is all it is. An attempt to get people to accept it, nothing more.