Where can I buy US gas?

[Gumbo4x4]

I have to disagree. And it might sound like a conspiracy theory.

Gas prices increased dramatically before the housing and credit crisis hit. It was those high gas prices that broke most people's budgets and resulted in them not being able to pay their credit cards or mortgage. Gas prices (and foreign control of energy) was a cause, not result or byproduct of the recession.

The current low oil prices are an attempt for those foreign countries to retain control over the US energy markets by putting alternative producers out of business. Gas prices will stay low long enough for the alternatives to go away, and then we see the same problem again; history repeating itself.

Agreed. It was the high gas prices that caused the bubble to burst when it burst. It's really just common sense. The average middle clas American is maxed out - essentially spending as fast as it come in. When gas went from $2 to $4 in a short span, people suddenly found themselves spending an extra $500 a month they didn't plan for. Wasn't long before many of them found themselves in REAL trouble & couldn't make their house payments. And it didn't help that the auto industry went into the toilet because - you guessed it - gas prices were sky high.

The housing bubble was a decade in the making, but it was the high price of gas that was the pin that pricked that bubble.

 

[Gumbo4x4]

The Great Recession had nothing to do with oil prices. Oil was high in large part because the global economy was growing like crazy so demand was healthy. When the global economy tanked (due in large part to a massive real estate bubble and banking crisis) prices came down because demand softened. We will have to disagree about what history says about oil's role in economic growth. It's much more complex than what you are stating especially now that the U.S. produces a decent amount.

Yeah, there's more to it than what I stated, but not as MUCH more as everyone thinks. This is one of those cases where it really is pretty straight forward. The U.S. economy has always been driven by cheap fuel. It's always been that way & it might always be that way.

 

[havaneselover]

I have to disagree. And it might sound like a conspiracy theory.

Gas prices increased dramatically before the housing and credit crisis hit. It was those high gas prices that broke most people's budgets and resulted in them not being able to pay their credit cards or mortgage. Gas prices (and foreign control of energy) was a cause, not result or byproduct of the recession.

The current low oil prices are an attempt for those foreign countries to retain control over the US energy markets by putting alternative producers out of business. Gas prices will stay low long enough for the alternatives to go away, and then we see the same problem again; history repeating itself.

We will definitely have to disagree on the cause of the Great Recession

 

[manning]

Used to work for a major oil company. Here is how it works.

Each oil company refines its own gas to the same standards. Then it is fed into a common pipeline I.E. they are all mixed together. It then travels to a distribution terminal. This is where the difference takes place. As each company truck is loaded their additives are added.

Same gas, different additives

 

[NinaBella]

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