Others Pay $.25 For Gas While We Pay $3.00 +

BENBRIZZLE

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JUST READ THIS, AND ITS MAKES ME MAD WHAT EXACTLY IS THE WAR DOING.

Where gasoline is cheap, and why it's making yours pricey
Friday May 4, 3:12 pm ET

By Steve Hargreaves, CNNMoney.com staff writer



In Saudi Arabia gasoline costs about 45 cents a gallon. In Iran it's 33. Venezuelans pay under a quarter.
These absurdly low prices are a direct result of massive government subsidies.

While these numbers are not adjusted for cost of living, it's fair to say that drivers in those countries are getting a good deal.


But it's straining government budgets. More importantly, it's not allowing the free market to do its job. Higher prices on the open market are not leading to a drop in demand, which is keeping the cost of oil high for everyone else.

"Roughly two-thirds of new oil demand is coming from countries that have subsidized oil markets," said Christopher Ruppel, a senior geopolitical analyst with the consulting firm John S. Herold. "So demand is not going to be affected if oil goes from $60 a barrel to $80."

By no means does this let motorists in the Untied States off the hook. Gasoline consumption in this country has been rising even faster than normal, around 2.5 percent annually over the last couple of months, despite average prices over $3 a gallon, close to an all-time record.

But countries where consumption is rising the fastest may be surprising.

With it's white hot economy, it's no surprise China tops the list. The country's oil demand is projected to grow 7.5 percent this year, according to statistics provided by Ruppel.

Ruppel said China still has gasoline subsidies, although lately the government has been trying to whittle them back. The average price for a gallon of gas in Beijing is $2.44 a gallon, according to the research group AIRINC, which provided all the gasoline price numbers in this story.

But the second highest demand growth isn't in the fast growing economies of India or Brazil. It's Saudi Arabia, projected to consume 5.6 percent more oil next year, according to Ruppel.

Iran is number three, guzzling 3.3 percent more.

Russia and Egypt, which Ruppel said both have heavy gas subsidies, are also high on the list.

And the raw numbers aren't small either. The Saudis used over 2 million barrels of oil per day in 2006, and the Iranians used 1.7 million. India, a faster growing economy with far more people, used 2.5 million. (By comparison, the U.S. used about 24 million barrels a day, nearly 10 times as much as India despite having a population nearly four times as small and an economy just three times bigger.)

"Maybe it's adding up," said Lou Pugliaresi, president of the Energy Policy Research Foundation.

Pugliaresi said his group hadn't done any particular studies on subsidies and how they relate to worldwide demand growth and prices, but added "There are places where it's serious, and some of those populations are big enough to make a difference."

Katherine Spector, head of energy strategy at J.P. Morgan, said the bank did a study on price supports and demand a couple years back. Not only was demand rising fastest in countries that had subsidies, it also greatly scaled back once the subsidies were reduced, such as in Thailand and Indonesia.

"A subsidy tells consumers they don't need to adjust their behavior," said Spector.

Of course, subsidies are just one factor contributing to high oil and gas prices, noted Adam Sieminski, chief energy economist at Deutsche Bank.

Sieminski pointed to all the the other reasons why oil prices are high, among them rapid worldwide economic growth, limited supply and not enough refining capacity.

But, he added "to the extend that it creates demand, it's helping push prices higher for everyone."
 
man we got high gas prices cause our gov be fuckin up and cause theres like a car for every person in the us
 
On the west coast in Canada we're well over $4 + / gallon.

The past few weeks have been $1.199 - $1.279 / LITRE here.

Gallon = approx. 3.78 litres

So ... $4.53 - $4.83 / GALLON ... no wonder I hardly drive anymore, or am pushin' 'E' alot.
 
REMINGTON_BLACK said:
yall ninjas better get a motorcycle like me :dance:
If I get a bike its gonna look like this

TJ-Lavin-DJ.jpg
 
In st lucia gas right now is $8.24 a gallon but thats in EC currency so convert that back to U.S dollars and its about 3.05 a gallon :lol:
 
People continue to cry about gas but price hikes have yet to effect consumption and/or demand in the least, so why should the powers that be decrease prices. Also, lets not compare prices with Saudi Arabia and Venezuela as they produce and export their own oil. Feel free to move there if you want but i hope you like dictatorships and annual salaries somewhere around 10K.

Go to Europe and let them listen to how rough you got it for having to pay $3 a gallon for gas. See if they shed a tear as they try not to laugh considering they pay about twice that amount.
 
Amajorfucup said:
People continue to cry about gas but price hikes have yet to effect consumption and/or demand in the least, so why should the powers that be decrease prices. Also, lets not compare prices with Saudi Arabia and Venezuela as they produce and export their own oil. Feel free to move there if you want but i hope you like dictatorships and annual salaries somewhere around 10K.

Go to Europe and let them listen to how rough you got it for having to pay $3 a gallon for gas. See if they shed a tear as they try not to laugh considering they pay about twice that amount.

Real talk newbie :hmm:
 
Amajorfucup said:
People continue to cry about gas but price hikes have yet to effect consumption and/or demand in the least, so why should the powers that be decrease prices. Also, lets not compare prices with Saudi Arabia and Venezuela as they produce and export their own oil. Feel free to move there if you want but i hope you like dictatorships and annual salaries somewhere around 10K.

Go to Europe and let them listen to how rough you got it for having to pay $3 a gallon for gas. See if they shed a tear as they try not to laugh considering they pay about twice that amount.

co sizzle
 
BENBRIZZLE said:
JUST READ THIS, AND ITS MAKES ME MAD WHAT EXACTLY IS THE WAR DOING.

Where gasoline is cheap, and why it's making yours pricey
Friday May 4, 3:12 pm ET

By Steve Hargreaves, CNNMoney.com staff writer




These absurdly low prices are a direct result of massive government subsidies.

While these numbers are "not" adjusted for cost of living, it's fair to say that drivers in those countries are getting a good deal.

But it's straining government budgets. More importantly, it's not allowing the free market to do its job. Higher prices on the open market are not leading to a drop in demand, which is keeping the cost of oil high for everyone else.

"Roughly two-thirds of new oil demand is coming from countries that have subsidized oil markets," said Christopher Ruppel, a senior geopolitical analyst with the consulting firm John S. Herold. "So demand is not going to be affected if oil goes from $60 a barrel to $80."

By no means does this let motorists in the Untied States off the hook. Gasoline consumption in this country has been rising even faster than normal, around 2.5 percent annually over the last couple of months, despite average prices over $3 a gallon, close to an all-time record.

But countries where consumption is rising the fastest may be surprising.

With it's white hot economy, it's no surprise China tops the list. The country's oil demand is projected to grow 7.5 percent this year, according to statistics provided by Ruppel.

Ruppel said China still has gasoline subsidies, although lately the government has been trying to whittle them back. The average price for a gallon of gas in Beijing is $2.44 a gallon, according to the research group AIRINC, which provided all the gasoline price numbers in this story.

But the second highest demand growth isn't in the fast growing economies of India or Brazil. It's Saudi Arabia, projected to consume 5.6 percent more oil next year, according to Ruppel.

Please re-read some of the points I have outlined.....cause its like this... for the size of the U.S. economy... the price of gas is still relatively affordable... and to offset the current surge in U.S. demand for gasoline.... maybe you wanna give up your SUV or whatever other form of "low" mileage vehicle you're driving and consider switching to something a little smaller like a hyundai....

And also.... if you're really using your common "cents"...when you're paying 25 cents a gallon... its probably because you're only making $500 a month....
 
bermyshotta said:
fuc yall yankies buggin i pay like 12/ gallon


ahah word, I have a few friends over seas and I couldn't believe how much they were paying, we definitely have it easy with the gas prices.


But if I were paying $3 dollars a gallon for gas I'd be taking a bus or....

vtth523.jpg
 
In Trinidad the shit was mad cheap also!
One thing to note also, in those other countries, the government uses their oil profits and pass it off towards their people, over here however, it goes towards building more bombs!
 
bromack1 said:
Please re-read some of the points I have outlined.....cause its like this... for the size of the U.S. economy... the price of gas is still relatively affordable... and to offset the current surge in U.S. demand for gasoline.... maybe you wanna give up your SUV or whatever other form of "low" mileage vehicle you're driving and consider switching to something a little smaller like a hyundai....

And also.... if you're really using your common "cents"...when you're paying 25 cents a gallon... its probably because you're only making $500 a month....
SO I SHOULD SPEND MORE MONEY FOR A SMALLER CAR :confused: AND WHATS YOUR POINT IT'S PEOPLE IN THE U.S. WHO MAKE 500 A MONTH AND STILL HAVE TO DRIVE. GAS IS LIKE AIR ITS HARD TO LIVE WITHOUT FOR TO LONG.
 
BENBRIZZLE said:
SO I SHOULD SPEND MORE MONEY FOR A SMALLER CAR :
.


YEP......THATS WHAT HAPPENED BACK IN 1978... THATS WHY HONDA AND TOYOTA BECAME SO POPULAR IN THE US.... THOSE CARS USED "LESS" GAS....

and you know what happened next after we "created" fuel injectors to reduceautomobile fuel consumption....... The Saudis started cutting their prices..

Thats why they call it supply and demand....
 
RoadRage said:
In Trinidad the shit was mad cheap also!
!

And what kinda prices are you talkin about.....does every "home" have a car like here in the U.S. or do they still prefer bicycles....
 
Amajorfucup said:
People continue to cry about gas but price hikes have yet to effect consumption and/or demand in the least, so why should the powers that be decrease prices. Also, lets not compare prices with Saudi Arabia and Venezuela as they produce and export their own oil. Feel free to move there if you want but i hope you like dictatorships and annual salaries somewhere around 10K.

Go to Europe and let them listen to how rough you got it for having to pay $3 a gallon for gas. See if they shed a tear as they try not to laugh considering they pay about twice that amount.

co-sign

the only people really mad are those fools with the land cruisers and H3's, got a big ass car note, living in thier momma's basement, and cant afford gas afterwards

damn glad I got my honda, at least I can bear it for the moment
 
bromack1 said:
And what kinda prices are you talking about.....does every "home" have a car like here in the U.S. or do they still prefer bicycles....
Most have cars, where I was at many had two.
I think that the price of gas breaks down to around 50 cents U.S. Remember Trinidad have huge oil wells, just east of Venezuela!
 
RoadRage said:
Most have cars, where I was at many had two.
I think that the price of gas breaks down to around 50 cents U.S. Remember Trinidad have huge oil wells, just east of Venezuela!
YO R.R. I'LL GIVE YOU $1.00 FOR EVERY GALLON YOU GET ME. LETS MAKE A IMPORT/EXPORT BUSINESS.. BTW IS IT ILLEGAL TO IMPORT MY OWN GAS TO PHILLY. SHYT AT THAT PRICE ILL TAKE A COUPLE THOUSAND BARRELS
 
:lol: I was thinking about filling some barrels up and towing them via boat here to America :lol:
Shit wish I could!
 
Amajorfucup said:
People continue to cry about gas but price hikes have yet to effect consumption and/or demand in the least, so why should the powers that be decrease prices. Also, lets not compare prices with Saudi Arabia and Venezuela as they produce and export their own oil. Feel free to move there if you want but i hope you like dictatorships and annual salaries somewhere around 10K.

Go to Europe and let them listen to how rough you got it for having to pay $3 a gallon for gas. See if they shed a tear as they try not to laugh considering they pay about twice that amount.

nice post newbie :yes: :yes:
 
Laughing Man said:
co-sign

the only people really mad are those fools with the land cruisers and H3's, got a big ass car note, living in thier momma's basement, and cant afford gas afterwards

damn glad I got my honda, at least I can bear it for the moment
yup, and its hard to take gasoline price complaints seriously from a nation of spoiled crybabies who insist on living above their means while financing their gluttonous lifestyles on the VISA at a daily compounded rate of anywhere from 11 to 22% (start your protests with these crooks people!). Not to mention that there are still suckers lining up at the chance to buy one of those horrendous H3's or needlessly gargantuan ford and/or gmc trucks as soon as dealers dangle the carrot on the end of the fishing pole by using catch phrases like "$2000 cash back" or "no cash down".

sure im shaking my head while at the pump but im more pissed when i go inside to pay and end up paying $1.06 for a 16oz. bottle of so-called "spring water". hows that for perspective?
 
Amajorfucup said:
yup, and its hard to take gasoline price complaints seriously from a nation of spoiled crybabies who insist on living above their means while financing their gluttonous lifestyles on the VISA at a daily compounded rate of anywhere from 11 to 22% (start your protests with these crooks people!). Not to mention that there are still suckers lining up at the chance to buy one of those horrendous H3's or needlessly gargantuan ford and/or gmc trucks as soon as dealers dangle the carrot on the end of the fishing pole by using catch phrases like "$2000 cash back" or "no cash down".

sure im shaking my head while at the pump but im more pissed when i go inside to pay and end up paying $1.06 for a 16oz. bottle of so-called "spring water". hows that for perspective?


$1.06? dude in NY its $1.50 hows that for perspective :hmm:
 
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