Gas Junkie - Gasoline Prices Questions

Question #1:

Economics homework help?

As the price of gasoline fell in the the United States during the 1990s, more people bought large automobiles (such as SUVs)

a) what is the market in question

b) did a shift in demand or supply occur, what direction was the shift, and what induced the shift

c) the effect of the shift on the equilibrium price and equilibrium quantity.

Question #2:

Does anyone remember paying $1.64 to $1.75 for a gallon of gas when g.w.bush was prez?

Mitt Romney said a few weeks ago, gasoline has doubled in price since Obama became president.
Newt Gingrich said the same thing today on CNN.
Now either both of them are incredibly stupid or Republicans lie so much they have to have a neighbor call their dog.
I seem to recall gas being over 4 bucks a gallon when bushjr was prez.

Question #3:

What year will Electric cars Exceed Gasoline Cars on the streets?

The Auto industry is investing heavily in Electric cars and alternative Fuel. What is the expectations from the segment growth? and is it related to the price of Gas as to when this will happen?

Question #4:

how many of americas poor has president 0bama helped?

with all the millions of jobs he has created, the economy with its massive comeback. lower gasoline prices and all that other stuff he inherited and fixed. how many of americas poor are now better off today then they were 3 years ago?

Question #5:

Help with linear programming equations?

A manufacturing process requires that oil refineries manufacture at least 2 gallons of gasoline for each gallon of fuel oil. To meet the winter demand for fuel oil, at least 3 million gallons a day must be produced. The winter demand for gasoline is no more than 6.4 million gallons per day. If the price of gasoline is $1.90 per gallon and the price of fuel oil is $1.50 per gallon, how much of each should be produced to maximize revenue?


Here's what I have so far:

x= gasoline
y= fuel oil

Revenue: 1.9x+1.5y

The rest of these I'm not so sure about

2x+y
x > 3 million
y < 6.4 million

Question #6:

How high will gasoline prices go before the election/after?

Why doesn't obama just self nuclear attack the USA and make the destruction fast instead of slow and painful.

Question #7:

has gasoline prices went down under the 0bama administration?

people blamed former president bush for high gasoline prices, what has 0bama done about gas besides make the prices jump more?
didnt he say how he was going to fix gas prices?

Question #8:

HELP! i have math homework and i dont understand it.?

Help and Explain these please.

1. Gasoline prices are expected to increase by 22% next year. If gas is currently selling for $3.75 a gallon, how much do you expect it to next year?

2. Belinda saw that food prices increased by 11% in the past two years. How much would $100 worth of groceries purchased two years ago cost today?

3. Guya paid 20% more for a name-brand entertainment system than a generic one would have cost him. Assuming the generic system was $400, how much did he pay for his home-entertainment system?

Question #9:

Do you think that the reduction in natural gas prices will assure Obama's re-election?

It's costing me a lot less to heat my house with natural gas this year.
In fact, the amount I'm saving more than makes up for the increase in what I'm paying for gasoline.

Should this make me happy to re-elect Obama?

Question #10:

is this bad news for repubs?

1) The United States is reducing its dependence on foreign oil. According to EIA forecasts (which, do note, are far from perfect), Americans will likely continue restraining their gasoline consumption, thanks, in part, to the Obama administration’s new fuel-economy standards for cars and lights trucks. Meanwhile, oil and gas production in places such as North Dakota has been booming, thanks to higher prices and new drilling technology. Put those together, the EIA calculates, and the United States is set to import just 36 percent of its petroleum by 2035, down from 60 percent in 2005.

Question #11:

Are you proud of 0bama being on your side when it comes to the price of gasoline? Oh...and which side is he on?

Question #12:

Suppose a legislation passed by the government encourages domestic oil exploration thereby reducing petroleum?

The world price of petroleum would decline.
The domestic price of petroleum would decline.
The world price of gasoline will remain unaffected.
Crude oil consumption in the domestic and the world market would decrease.

Question #13:

Agree or Disagree: the biggest problem with small business training programs today is they don't teach?

potential entrepreneurs to be aggressive enough?

One thing that drives me crazy about these small business seminars is that it seems like they're setting people up to fail. There's a lot of talk about "having the vision" and "living the dream" but there's nothing about thinking aggressively or employing the elements in Sun-Tzu's book "The Art of War" to business planning.

I'll give you an example. In the OWS-PC group we do use the Sun-Tzu style approach and in one of our projects - the Fischer-Tropsch methane to gasoline units we figured out our price point with some simple calculations: A unit that's about the size of a standard Ford or Chevy van which produces one petroleum barrel (42 gallons) of liquid gasoline or diesel per day; it's not likely that gasoline or diesel will ever fall below $3 per gallon so we're looking at an output value of $126 per day; Companies depreciate equipment on a two year cycle so we have 730 depreciation days; that means the total installation cost of the unit may not exceed $91980. Installation costs can be substantial so we settled on a final unit price of $72,000 as our target.

Small business owners need to be able to think aggressively and to make those kinds of calculations easily, but the market for small business planning materials does not seem to address those matters at all. It really does seem to resemble the market for Weight Loss products in that the materials that are out there seem to be designed for rubes and dreamers and the only ones with a chance of being successful are those who know how to read between the lines.

Your thoughts?

Question #14:

Do liberals remember when Obama said "gasoline prices in the US are too low"?

Or have they conveniently forgotten about that?

Question #15:

Obama has said in the past that "gasoline prices are too low" because he thinks higher fuel prices will cause?

People to conserve on fuel and that will cause less pollution.

But higher fuel prices hit low income earners the hardest.

If "folks" making $10 an hour have to pay $100 to fill up their car and then can't afford groceries or clothes for their kids how does this help them or the economy?
Patrick, I gave you the source, Obama. Look it up yourself it's common knowledge he said that.

Question #16:

Obama supporters, do you read and believe liberal newspapers?

A lead story in today's Pittsburgh Post-Gazette covers natural gas development in the US. Natural gas is so plentiful that producers are cutting back on production. The price has dropped to the point where they cannot make money by producing more. That is free enterprise at work because Obama cannot control gas production.

In the same paper, on Sunday January 22, 2012. There is an article predicting that gasoline prices will hit $4.00 by this spring. Obama is halting production in an around the US. He stopped the Keystone oil pipeline. Government controls do not work.

Don't you see how Obama is screwing us all?
I first posted this question at 6:30 am Eastern time. No responses. My bad. On the east coast, welfare offices and food pantries were not open yet. No reason for Obama supporters to get out of bed.
On the west coast it was 3:30 am. Obama supporters would have been sleeping off a drunken stupor for about one hour at that time.

Question #17:

Will this have a negative impact on our gasoline prices?

Click Here

Was Obama counting on this oil deal as part of his energy policy?
as far as pointing fingers at congress, what did they specifically do or fail to do on this?
as far as pointing fingers at congress, what did they specifically do or fail to do on this?
Yes, I read everything.

Obama has invested money in Brazil, and he gets the middle finger in return.

Question #18:

Republican SuperPacs have been placing huge margin orders on oil and gasoline futures to drive up the price of?

gas at the pump. They are hoping that if they drive the price of gasoline up high enough they'll increase public dissatisfaction with the President. This is back-firing though as many large oil and gas refiners are caught in a pinch. Retail gasoline vendors are finding increased resistance from consumers the longer the price of 87 octane unleaded remains above $3 per gallon. The bidding up of oil and gasoline futures by Republican SuperPacs along with consumer resistance to high gas prices has caught oil and gas refiners in the middle.

How long do you think it will take for oil and gas companies in the US to put a kibosh on Republican SuperPac activities?

Question #19:

Hess Energy is closing their St. Croix refinery in the Virgin Islands due to losses of 1.3 Billion dollars on?

refining operations due to the "pinch" that's going on with oil and gasoline markets right now where bidders keep pushing up the price of oil futures but the refiners are finding resistance from retail customers who keep cutting back on consumption as oil prices remain above $3 per gallon.

Seeing as Hess Energy will be writing off all of that 1.3 Billion on their US Federal taxes, this effectively represents a $1.3 Billion subsidy (that's more than 2.5 Solyndras) for the oil and gas industry.

When are Conservatives going to admit that oil and gasoline have weaknesses as fuel sources and we can't go on subsidizing Big Oil to the tune of Billions of dollars a year?
J Smooth - there's actually plenty of open space to drill in the Gulf of Mexico. The pinch that's happening to oil producers right now has nothing to do with production levels. IF you actually understood oil markets you'd realize that.

Question #20:

Why do US Richclass Republicans lie and say the Keystone Pipeline will cut gasoline prices for the US?

Why do US Richclass Republican liars lie about the Keystone Pipeline cutting gas prices in the US (LOL)…?

…when the only thing the Pipeline will do is give US richclass oil moguls more fuel to export -- so they can get personally richer than richer than sh@t? All the while after the Pipeline is in operation, US gasoline supply will be just as rigged, fixed, and scammed as it is today…

“America’s top export in 2011 was… fuel?”

Click Here

US working class cons believing this load of cr@p from US Richclass Republicans proves just one thing: US working class is just as much the sucker as ever. So, get ready for the next great robbery of US economy by US richclass… Coming soon to neighborhoods near you…
@Rayhere - Did you even read my backup? It says that more gasoline in the US market WILL JUST BE EXPORTED -- and as proven by my link. Which means -- no added gasoline in the US market. Please read again.
@More Japanese prostitutes? Fine by me. At least they aren't physically aggressive and boisterously loud like US prostitutes.
@? - You suggesting I don't know that most of your national debt plus ongoing interest is paid to US richclass banksters (from US working class tax coffers)? Sorry, you're barking up the wrong tree. Take your accusations of childishness to the proper target, fella. I know what time it is.
@? - And I live in Japan for 15 years now, Wise-@ss. I'm not on either side in the US. Watch who you're calling "stupid," Stupid.





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