[GCFL-discuss] Gas Prices

[gcfl-discuss at gcfl.net]

Well, at $2.09 a gallon I would rather walk the 6 miles to work, or ride my
bike, or take the bus!
:)
Yolanda Cruz
Office Manager/Executive Assistant
Business for Life
7210 East State Street
Rockford, IL  61108
Phone: (815) 391-9241
Fax: (815) 227-5757
E-mail:  yolanda.c at businessforlife.biz
----- Original Message ----- 
From: <gcfl-discuss at gcfl.net>
To: "Yolanda" <Yolanda.c at businessforlife.biz>
Cc: "Discussion of the Good, Clean Funnies List" <gcfl-discuss at gcfl.net>
Sent: Thursday, May 13, 2004 9:38 AM
Subject: Re: [GCFL-discuss] Gas Prices


> Yolanda,
>      Thank you for the latest e-mail.  I will be sure to fill up on the
> 19th.  If people are attacking an industry that truly has done nothing to
> deserve it I try to support them.  The reason the prices are so high is
not
> because the "evil" oil companies are making money hand over fist.  It is
> because of a number of factors that all basically boil down to the law of
> supply and demand.  There are three main problems.  The first is that OPEC
> has limited production (lower supply).  The second is that with all the
> instability in the gulf people are afraid that oil might be harder to get
> and therefore are hold onto it, but literally and in futures (increased
> demand).  The third problem is that the US has not built a new oil
refinery
> since the mid 1970s.  Most refineries are running at peak performance and
> are still having a hard time keeping up with demand.  (again lower
supply).
>
>       The other problem with nobody buying gas on the 19th is that people
> are not going to drive less, they are just going to fill up on a different
> day.  Consequently the demand is not going to do down overall.  However if
> the oil companies truly do "choke on the supply" they will be forced to
cut
> production.  Therefore on May 20th when more people are filling up there
> will not be as much gas available and there the price will go
up.(increased
> demand, lower supply).  So by making the Oil Companies "choke" you are in
> fact costing yourself more money.
>
> Eagle
>
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