What the Heck Is Going On With Gas Prices Again?

Gas prices lag when oil goes down and quick to rise just as snidely said, but to look at the real direction and price of gas you need to look at the RBOB prices.
https://commodities.about.com/od/profilesofcommodities/p/gas_futures.htm

$3.35 a gallon here in Texas

It's well known that gas station owners play this game: When oil prices go up, the pumps reflect higher prices the next day. When oil prices go down, they play the "we are still paying the higher prices when the oil was purchased!" Bull shit.

You're right, Congress will not do a thing but talk up the rhetoric on one side of their face while pocketing campaign donations from the oil companies.

When oil prices per barrel went down this past few weeks, NOW the claim that prices at the pump are going up because of REFINERIES are being shut down for cleaning and such. Bull shit.

Oil complanies are pocking PROFITS (after expenses) in the billions per QUARTER. When the cost of gas goes up, their percentages per gallon stay steady: $2 a gallon, oil companies make $.20...$5 a gallan, oil companies make $.50 per gallon. The LOVE when the price goes up...more profits..their percentage of profit stay the same regardless of the price.

Want to bring oil prices down? Freeze Wall Street from trading in oil stocks. Speculation ends, and the TRUE cost of supply and demand takes over. Simple.

When Congress okayed the oil companies to merge and left America with only four major oil companies, they allowed a market of silent monopoly. Anyone who tells you there is not collusion between the companies is lying to you.

Usual rhetoric with no facts.

The oil companies have been investigated numerous times, with no proof of price fixing.

The federal company makes more money thru oil taxes than any oil company.

Oil companies profits are in the 6% range, not the 10%+ claimed by a poster. Oil company profits % are below average.

Banning trading in oil company stocks is illegal and even if it was allowed how would that lower prices? Should we ban trading in Google as it's net income is 30% of revenue? Should google be investigated for price gouging?

Gas Prices across the US

As long as we are on the subject of consumer affairs, let me tell you what really frosts me. When I buy peaches for, say, $1.49 a pound, I am paying for the pit that is unedible! It should be a pro-rated amount on purchase taking into account the weight of the pit. So if my peach weighs 5 ounces they should only charge me for about 3 ounces, subtracting for the pit. It's a total ripoff. Someone should contact the attorney general.

I believe the poster was talking about banning trading in Oil Commodity Futures...not oil company stocks. There is some merit to methods of reducing (not banning) speculation in Commodity futures by hedge funds with no ability to ever take delivery on a commodity. Rampant speculation by those without capability of taking delivery of an asset serves no real purpose in the market except to artifically drive up or drive down prices....it disconnects the market from true supply and demand.

This is why I only buy skinless and boneless chicken breasts. Only a fool would pay for bones that you can't eat.

Just paid $3.23 at a Nashville Sams club.
My gas bill last month was north of $1400 (average $3.65), so I'm loving it!

I would never have guesed that was what was meant, since the poster's exact words were "freeze Wall Street from trading in oil company stocks".