made in america pbs

The price of gasoline. I was curious to see what the price of gasoline was in 2000?

It’s rather funny in a sick perverted sort of way reading this interview. Someone please tell me the oil industry from OPEC to America isn’t chock full of crooks making billions on us. For almost thirty five years basically nothing has been done to either build new refineries to increase supply or to decrease demand by creating other forms of energy for our society that are more earth friendly. It’s all about the money. With billions in profit, that’s a lot of incentive for dubious business practices. Is the oil industry manipulated or does supply and demand create the business environment. Hope you take the time to read the interview.
http://www.pbs.org/newshour/bb/transportation/jan-june00/gas_3-15.html

Thanks for that link, a little trip back to only 2000. I loved the comments-oil will “never hit $30 a barrel”. Now we’re at $80 and the coast is clear for $100.

I think the oil industry over these years(and yes they do control the price of gasoline but that’s a long explanation no one wants to hear)has been very clever in raising the price in increments. Sure, $30 seemed awful, then later $50, but people got used to that, then refinery operations are somehow “disrupted” and oil goes up some more and all the time we’re assured that this is temporary, this is the “peak”. But it’s not.

This is a 2000 energy outlook(also hilarious).

For the upcoming summer season (April to September), motor gasoline markets are projected to exhibit an extraordinarily tight supply/demand balance.

“Retail gasoline prices (regular grade) are expected to average $1.46 per gallon, 25 percent higher than last summer’s average of $1.17 per gallon. That projection also exceeds the previous (current-dollar) record summer average of $1.35 recorded in 1981. Nominal prices are expected to reach a peak of $1.52 per gallon in April—a new record–and decline steadily to $1.39 per gallon by September due to the impact of increases in world-wide crude oil production. These projections presume no disruptions of refinery motor gasoline production.”

And yes, that is probably the easiest market to manipulate through the commodity futures markets.

One more point-back in the 70s, when their was a “crisis” and gasoline and oil skyrocketed, it was quite sudden and never went down or stabilized so people bought small cars. I bought my 1980 Datsun at that time, before small cars were very popular.

This time, they have been more clever, just when people are ready to sell the SUV, “gas prices stabilize” so they keep it. By the time, a few months later, gas goes up, those people are used to it and complain but don’t sell the SUV. And so on and so on.

Blame the oil companies or the government? Blame both, they are working in tandem.

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