China To Raise Fuel Price

[Barchetta]

This makes me think their might be a light at the end of the tunnel, and it's not the train getting ready to run me over.

A few good things are mentioned in there.

Oil drops as China says it will raise fuel prices: Financial News - Yahoo! Finance

[vitalidle]

Well I think the oil industry has found out how much they can charge and its about 4 dollars a gallon in the ole usa, so thats probobly where it will stay for a long time to come.

[Barchetta]

Maybe not. If China's prices go up, hopefully the demand will go down. Therefore helping us out.

Plus with the Western oil companies headed back to Iraq would certainly help us out.

The other part to consider is that our dollar got a little stronger so that raises the price of oil for other countries and lowered it for us.

[krazeehorse]

I'm with vitalidle. As long as we will give $4 for a gallon of gas the oil companies have no incentive to lower the price. How often do you volunteer to take less pay as long as you could earn what you normally do? Now if that fuel price affects our spending in other areas (and it does) and that starts hurting the oil barons' stock portfolios they might back off a bit to shore up their other investments. Just MHO.

[vitalidle]

Well I hope your right, but I just don't think until we make some drastic changes here at home as consumers they all know what the market will bear and therefore as a business out to make a profit will charge accordingly! Demand will really have to fall off for any price breaks either from us making difficult choices to conserve or new competition from alternative fuels I feel.