posted on May, 10 2011 @ 12:14 PM
With oil companies hitting record profits, there is absolutely NO reason why prices are also hitting record highs...
Here's a thought on how to drive prices down maybe:
This method will force us to go to the gas-station more often, but it will hurt the gas companies profit margin in the long run.
A little bit of background first.
Oil is typically refined into gasoline and then shipped out to regional storage facilities, from these facilitites, a tanker comes and fills up to
distribute gasoline to the different stations, this is done either daily or every other day, depending on the demand.
There IS a way to reduce demand. Simply buy gas 1/2 tank at a time.
Assuming we all fill up at every visit to the gas bar, most of us will purchase less gas than normal if we cap it off at 1/2 a tank, therefore there
is more gas left at the station that we could've bought, but didn't.
The next time the tanker comes to fill the station up, it does not unload as much gas.
If every station has gas left over in their reserves, then the tanker must return to the storage facilities still carrying gas in it's tank.
The gas company will notice this and interpret it as a drop in demand. If enough people do this (and sadly, it would have to be in the millions) we
would see gas prices drop, but we would have to keep doing it until they go below $0.99/litre (sorry, I'm in Canada, we do it by litres here). I know
way too many people who now believe gas @ $1.30/litre is cheap and will horde and fill up all their vehicles, this urge will need to be resisted.
So, to summarize: More gas left over at the station = more gas left over at the tanker = more gas left over at the regional storage facility = less
gasoline needed to be shipped in from the refinery, and ultimately hurting the bottom line of the oil companies.
Just my 2 cents worth.