Ban on ‘Excessive’ Gas Prices Heading for House Vote

[The AntiDonald]

Him (I think) like me lived through the 1970s.

BTW how about just drill more, be pro pipeline and stop the lefts 40 year war on coal?

Sorry, but I prefer to breath fresh air. Screw your coal.

 

[Bleeding Head Ken]

What makes the price a "gouge"?

Whatever outrages your subjective morals.

 

[ColdHardTruth]

Can the government sue state governments for price gouging?

For example in South Carolina a pack of Pall Mall red 100s is around $5 bucks a pack and in say Milkwaukee they're around $9 bucks a pack.

Probably not because the pricing is based on the tax rates for that product.

 

[PeacefulWarrior]

Ban on ‘Excessive’ Gas Prices Heading for House Vote | Transport Topics

The U.S. president would have the authority to declare an emergency that would make the sale of gasoline at “excessive” prices illegal under legislation House Democrats plan to bring to the floor next week.

www.ttnews.com

When this fails, next comes price controls and pretty soon you will be waiting in line for 4 hours to buy gas at a "fair" price.


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Excellent news!!
Just like Einstein told us, we could really use some moire Socialism around this place! We subsidize oil giants and then they turn around and gouge us mercilessly for their record profits.

Yessir.....just nationalize the whole darned US energy sector. Its a public necessity and the private profiteers dont have our best interests at heart.

make it so Mr. President!!

 

[ColdHardTruth]

Ban on ‘Excessive’ Gas Prices Heading for House Vote | Transport Topics

The U.S. president would have the authority to declare an emergency that would make the sale of gasoline at “excessive” prices illegal under legislation House Democrats plan to bring to the floor next week.

www.ttnews.com

When this fails, next comes price controls and pretty soon you will be waiting in line for 4 hours to buy gas at a "fair" price.

This is right-wing bullshit. It's the same lies they told about the bread lines. It didn't happen. The right is simply furious because their greed is about to be squashed.

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[eman623]

Thankfully, This has Zero chance of becoming law.

I remember the long gas lines of the 70s

 

[ColdHardTruth]

Ban on ‘Excessive’ Gas Prices Heading for House Vote | Transport Topics

The U.S. president would have the authority to declare an emergency that would make the sale of gasoline at “excessive” prices illegal under legislation House Democrats plan to bring to the floor next week.

www.ttnews.com

When this fails, next comes price controls and pretty soon you will be waiting in line for 4 hours to buy gas at a "fair" price.


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Stop spewing rhetoric. The right-wing only cares about this issue because the members of big oil paying their bribes do not like they idea of been stopped from gouging consumers.

 

[bomberfox]

I think oil companies are closer to charging the true price for fossil fuels…. Thats the most scary thought.

 

[eman623]

Oh if only I were a statist control freak leftist. I too would have the magical power to tell what price increases are reasonable and which are "unconscionably excessive".

 

[ColdHardTruth]

Oh if only I were a statist control freak leftist. I too would have the magical power to tell what price increases are reasonable and which are "unconscionably excessive".

What you mean is that you do not want to be told that your excessive pricing is bad for the country and has to stop.

Oil companies are making BILLIONS each quarter in profit alone. There is no reason they need to be paying CEOs and other corporate scum millions in bonuses while the average American struggles to pay for a gallon of gas.

The corporate scum can cease that behavior and the price of gas can go down.

 

[ttwtt78640]

Ban on ‘Excessive’ Gas Prices Heading for House Vote | Transport Topics

The U.S. president would have the authority to declare an emergency that would make the sale of gasoline at “excessive” prices illegal under legislation House Democrats plan to bring to the floor next week.

www.ttnews.com

When this fails, next comes price controls and pretty soon you will be waiting in line for 4 hours to buy gas at a "fair" price.


View attachment 67390501

With no link to (or number of) the bill, it’s impossible to discuss it.

 

[ColdHardTruth]

With no link to (or number of) the bill, it’s impossible to discuss it.

This bill is designed to control greedy big oil CEOs who have no issue raping the public.

 

[ttwtt78640]

This bill is designed to control greedy big oil CEOs who have no issue raping the public.

By doing what, exactly?

 

[ColdHardTruth]

By doing what, exactly?

By issuing massive fines for price gouging. It would subject the CEOs and corporate scum of big oil companies to the same thing they have been doing to the American people.

 

[ttwtt78640]

By issuing massive fines for price gouging. It would subject the CEOs and corporate scum of big oil companies to the same thing they have been doing to the American people.

How is “price gouging” defined or determined?

The following link might help you, but I doubt it.

https://www.congress.gov/bill/117th-congress/house-bill/7688/text

 

[Eriech]

This bill is designed to control greedy big oil CEOs who have no issue raping the public.

Are the credit card companies gouging? They charge the merchant 2.5 % or (more in some cases) on every transaction. That would be .05 per gallon on $2 gas .15 per gallon on $6 gas. In essence they are tripling their profit on a gallon of gas. Meanwhile the merchant is making less at $6 per gallon than it did at $2

 

[Lethargic Aptitude]

Oh if only I were a statist control freak leftist. I too would have the magical power to tell what price increases are reasonable and which are "unconscionably excessive".

At what point is the cost of fuel too much? The reality is that fuel can only be worth so much before it becomes too inefficient to use. Rising fuel costs will end the internal combustion engine when it is more cost effective to use alternative energy methods. It is the same reality that killed horse-drawn vehicles.

Anything can cost too much, and it is a pretty easy affair to tell when a product is overpriced. Nothing magical just takes a small amount of intelligence.

 

[Jason Warfield]

Ban on ‘Excessive’ Gas Prices Heading for House Vote | Transport Topics

The U.S. president would have the authority to declare an emergency that would make the sale of gasoline at “excessive” prices illegal under legislation House Democrats plan to bring to the floor next week.

www.ttnews.com

When this fails, next comes price controls and pretty soon you will be waiting in line for 4 hours to buy gas at a "fair" price.


View attachment 67390501

If we invested more into hybrids and renewable energy sources, then this wouldnt be an issue, now would it?

Further, the right blames Biden for not getting gas prices lowered…which is socialism as per their definition…then complain about a bill giving that lower to Biden as overreach or socialism or whatever.

Dude, lick one and stick with it, you can t have it both ways.

 

[mrjurrs]

Him (I think) like me lived through the 1970s.

BTW how about just drill more, be pro pipeline and stop the lefts 40 year war on coal?

How about we recognize the impact of fossil fuels on every aspect of our lives

 

[TobyOne]

Won't pass now. Won't even be considered with the new congress. Just a typical dog and pony show democrats love.

 

[Bodi]

Ban on ‘Excessive’ Gas Prices Heading for House Vote | Transport Topics

The U.S. president would have the authority to declare an emergency that would make the sale of gasoline at “excessive” prices illegal under legislation House Democrats plan to bring to the floor next week.

www.ttnews.com

When this fails, next comes price controls and pretty soon you will be waiting in line for 4 hours to buy gas at a "fair" price.

Americans drive too much. Raise prices.

 

[Top Cat]

Strawman

Why should I have to pay for someone else's stupidity?

 

[Peter]

Americans drive too much. Raise prices.

Your towns aren't designed with walking in mind.
It's not surprising people use a car all the time when there are no sidewalks and the nearest shop is a half hour drive away.
I just got back from walking down the town and back to get some ham for some sandwhiches and the entire trip took less than 30 mins.
I'm not in a special town all UK towns are built with walking in mind as most were laid down befofe the invention of the car.

 

[iguanaman]

When supply goes down and demand goes up, prices rise. Price caps generally create shortages. That's not really so much "an opinion" as it is "economics".

Who controls the supply? The refiners do and they made more money refining and exporting jet fuel and diesel than gasoline which drove up the prices here. That is capitalism at its finest. F**k American consumers we do not care about anything but profit margins and we have the GOP to support us and blame Biden instead. That is what we get for electing Republicans. They are the whores of big business. And yes we have a shortage of refining capacity when we are supplying the entire F'ing world. Duh.

US becoming 'refiner to the world' as diesel demand grows​

U.S. refineries are expanding their diesel-production capacity, not so much for truckers in the U.S., but for drivers in places such as Mexico City and Santiago, Chile.
Already running at their highest levels in six years, U.S. refineries are finding strong demand for diesel fuel, used widely in cars outside of the United States, and other distillates, like jet fuel.
"All these companies are expanding their export terminals—Valero, Shell, Marathon Petroleum, all of them," said Fadel Gheit, senior energy analyst at Oppenheimer. "Any companies with refining assets on the Gulf Coast are expanding their export terminals. …The profitability is not that clear, but the trend is very clear.

The U.S. became a net exporter of petroleum products just two years ago and is now the largest exporter in the world.
The product of choice for export is diesel because margins are much higher and demand is growing, and U.S. refiners have an advantage over foreign counterparts. Natural gas to fire up refineries is abundant and much cheaper in the U.S., and the expansion of U.S. oil production has made oil more plentiful and cheaper than if refiners had to buy it on the world market. In fact, the U.S., while still the world's largest importer of crude, this year eliminated most imports from Africa.
As of mid-year, margins on U.S. Gulf Coast-produced diesel were running just above $16 barrel, while the margins on finished gasoline were much lower at just under $8 barrel, and that trend is not new. The data were provided by Valero in a recent investor presentation.

https://www.cnbc.com/id/100943620

 

[cpwill]

Who controls the supply?

Nobody.