I can't belive this! I paid $2.73 a gallon of gas today. The guy at the gas station today said that it would be up to $3.00 before the end of next week!
What the hell is going on with the world! I'm at the point where I'm paying out a $100 a week for gas. If gas passes $3.00, I will have to ask my job to lay me off because I will make the exact same amount on unemployment! Why work 50 hours a week when i can stay home for free? And on top of that work under the table making a ton of money doing home remodeling? Does anybody know why we are paying so much? Please give your opinion on this.
Jay
Spare Parts
For non-modeling topics and those without a home elsewhere.
For non-modeling topics and those without a home elsewhere.
Hosted by Jim Starkweather
How much did you pay for gas today?
ellevehc86
Member Since: February 15, 2005
entire network: 162 Posts
KitMaker Network: 0 Posts
Posted: Wednesday, August 17, 2005 - 04:46 AM UTC
ShermiesRule
Member Since: December 11, 2003
entire network: 5,409 Posts
KitMaker Network: 0 Posts
Posted: Wednesday, August 17, 2005 - 05:04 AM UTC
I don't think even the experts really know why but there are a number of prevalent factors
1) Instability in the Middle East. Because no one really knows what is going to happen in Iraq, Iran and Saudi Arabia the supply cannot be estimated.
2) Regional formulas in the US. Several stated have different requirements. Therefore the refineries have to stop production of one formula and start up again using the other formula. This goes on several times a year. I see you live in MI just like me. In MI was have a summer and winter blend. Our summer blend is a special mix for our state only. Therefore a refinery has to stop making winter blend that most of the rest of the country uses to make a small amount of our summer blend. Therefore we only have a limited supply of summer blend. If you travel deep into OH you'll see they are usually $0.10-0.15 less than MI because they use the more common winter blend year round.
3) Peak driving season. Summer is when we consume the most gas
4) Not enough refineries. Even if all refineries were working at 100% capacity we consume more gas than they can make. However many refineries are taken offline for repairs thus reducing even further the refining capacity. Some experts say oil companies purposely take them offline for repairs to drive up prices. Others say they have to keep refineries in tip top shape of there will be an even worse shut down later.
5) Emerging nations. China and India now have populations wealthy enough to begin buying cars for the masses. They are also demanding part of the world's oil supply.
6) Speculation. Many people are banking on higher prices because it would appear prices are on the rise. Therefore they are buying up supplies at high prices expecting it to go even higher. Everytime a speculator pays high, prices rise.
There are a number of other factors that sort of revolve around those basics. Experts agree or disagree on every factor.
1) Instability in the Middle East. Because no one really knows what is going to happen in Iraq, Iran and Saudi Arabia the supply cannot be estimated.
2) Regional formulas in the US. Several stated have different requirements. Therefore the refineries have to stop production of one formula and start up again using the other formula. This goes on several times a year. I see you live in MI just like me. In MI was have a summer and winter blend. Our summer blend is a special mix for our state only. Therefore a refinery has to stop making winter blend that most of the rest of the country uses to make a small amount of our summer blend. Therefore we only have a limited supply of summer blend. If you travel deep into OH you'll see they are usually $0.10-0.15 less than MI because they use the more common winter blend year round.
3) Peak driving season. Summer is when we consume the most gas
4) Not enough refineries. Even if all refineries were working at 100% capacity we consume more gas than they can make. However many refineries are taken offline for repairs thus reducing even further the refining capacity. Some experts say oil companies purposely take them offline for repairs to drive up prices. Others say they have to keep refineries in tip top shape of there will be an even worse shut down later.
5) Emerging nations. China and India now have populations wealthy enough to begin buying cars for the masses. They are also demanding part of the world's oil supply.
6) Speculation. Many people are banking on higher prices because it would appear prices are on the rise. Therefore they are buying up supplies at high prices expecting it to go even higher. Everytime a speculator pays high, prices rise.
There are a number of other factors that sort of revolve around those basics. Experts agree or disagree on every factor.
Henk
Member Since: August 07, 2004
entire network: 6,391 Posts
KitMaker Network: 1,600 Posts
Posted: Wednesday, August 17, 2005 - 05:08 AM UTC
I run a diesel, and pay around 97 pence per liter, which is £ 4.36 per Imperial Gallon. I'm not sure what the difference between Imperial and Colonial gallons is, but I sure wish I could fill up on your side of the pond. I looks like it might even hit the £ 1.00 / litre mark soon.. 
. Petrol ( or gas as you call it) is just a few pence cheaper.
Cheers
Henk
. Petrol ( or gas as you call it) is just a few pence cheaper.Cheers
Henk
thathaway3
Member Since: September 10, 2004
entire network: 1,610 Posts
KitMaker Network: 265 Posts
Posted: Wednesday, August 17, 2005 - 05:08 AM UTC
I turned around Monday night to go back to a station that had gas at $2.59 because I was sure it would be a lot more than that the next day (It went up a dime.)
While the sudden dime a day increase is certainly frustrating and hard to figure, I'm guessing we will get absolutely NO sympathy from members on the forum NOT in the US. Most of them would feel like they'd died and gone to heaven if they could get gas as cheap as the equivalent of $3.00 a gallon. That works out to 0.65 Euros per litre I believe.
How bout it guys. That look pretty good?
Tom
While the sudden dime a day increase is certainly frustrating and hard to figure, I'm guessing we will get absolutely NO sympathy from members on the forum NOT in the US. Most of them would feel like they'd died and gone to heaven if they could get gas as cheap as the equivalent of $3.00 a gallon. That works out to 0.65 Euros per litre I believe.
How bout it guys. That look pretty good?
Tom
ellevehc86
Member Since: February 15, 2005
entire network: 162 Posts
KitMaker Network: 0 Posts
Posted: Wednesday, August 17, 2005 - 05:10 AM UTC
Okay, I'm impressed! Somebody definetly knows there stuff! That was a good reply.
slodder
Member Since: February 22, 2002
entire network: 11,718 Posts
KitMaker Network: 2,584 Posts
Posted: Wednesday, August 17, 2005 - 05:11 AM UTC
I paid $2.61ouch.
thinking hybred
thinking hybred
AJLaFleche
Member Since: May 05, 2002
entire network: 8,074 Posts
KitMaker Network: 2,574 Posts
Posted: Wednesday, August 17, 2005 - 05:29 AM UTC
Today reported this morning that one of the big oil companies profits were up 47% since last year, $31,000,000,000 from $21,000,000,000. The guy selling you the stuff at the corner is not getting a cut of that, either.
You do the math.
I paid $2.84 per gallon premium yesterday, up $.09 since Friday.
You do the math.
I paid $2.84 per gallon premium yesterday, up $.09 since Friday.
keenan
Member Since: October 16, 2002
entire network: 5,272 Posts
KitMaker Network: 2,192 Posts
Posted: Wednesday, August 17, 2005 - 05:35 AM UTC
It is 2.65 here in Central Indiana.
The fact that consumption (in the US) has risen by 38% in the last 20 years and refinery capacity has only risen 9% isn't helping...
To add to Alan's point, I heard on the radio yesterday that there are 17 different grades of gasoline that have to be refined differently because states have varying environmental laws.
Shaun
The fact that consumption (in the US) has risen by 38% in the last 20 years and refinery capacity has only risen 9% isn't helping...
To add to Alan's point, I heard on the radio yesterday that there are 17 different grades of gasoline that have to be refined differently because states have varying environmental laws.
Shaun
95bravo
Member Since: November 18, 2003
entire network: 2,242 Posts
KitMaker Network: 488 Posts
Posted: Wednesday, August 17, 2005 - 05:41 AM UTC
Gas this AM, in central Kansas was $2.68. Some stations along I-70 were charging $2.70+/gal.
Henk, 1 Imperial gallon is equal to 1.20 US gallons.
Henk, 1 Imperial gallon is equal to 1.20 US gallons.
007
Member Since: February 18, 2005
entire network: 4,303 Posts
KitMaker Network: 0 Posts
entire network: 4,303 Posts
KitMaker Network: 0 Posts
Posted: Wednesday, August 17, 2005 - 05:50 AM UTC
Jay, it is not that bad!
According to Wikipedia 1 US fluid gallon is about 3,8 litres..
Shell's standard price in the Netherlands is 1,41 euro a litre petrol, so for a US fluid gallon it's 1,41 x 3,8 = 5,36 euro.
Saying 1 euro is 1,227 dollar (according to Universal Currency Converter ).
That makes 5,36 x 1,227= 6,58 dollar
So I actually pay: 6,58 dollar a Gallon!
That is... if I tank at Shell. Luckely I found a pump that asks 1,32 euro for a litre, so it's a bit less painfull..
DON'T LET ME HEAR YOU COMPLAIN!!!
:-) :-) :-) :-)
@Henk;
Here's a link to Wikipedia about the difference between US and UK gallons
Paul
According to Wikipedia 1 US fluid gallon is about 3,8 litres..
Shell's standard price in the Netherlands is 1,41 euro a litre petrol, so for a US fluid gallon it's 1,41 x 3,8 = 5,36 euro.
Saying 1 euro is 1,227 dollar (according to Universal Currency Converter ).
That makes 5,36 x 1,227= 6,58 dollar
So I actually pay: 6,58 dollar a Gallon!
That is... if I tank at Shell. Luckely I found a pump that asks 1,32 euro for a litre, so it's a bit less painfull..
DON'T LET ME HEAR YOU COMPLAIN!!!
:-) :-) :-) :-)
@Henk;
Here's a link to Wikipedia about the difference between US and UK gallons
Paul
mother
Member Since: January 29, 2004
entire network: 3,836 Posts
KitMaker Network: 1,121 Posts
Posted: Wednesday, August 17, 2005 - 06:08 AM UTC
I don't know what to make of it. I mean I read all the stories in the paper and watch all the news reports on tv. Everyone explans, reports it differently. Last year this time average gas prices where at $1.90 a gallon. Last week gas was around $2.55 and yesterday gas was .01 cent cheaper. Every year this happens,and more so the past few. Whats going to happen to our younger drivers that have to work and go to school and thier part time pay. How about the family man living week to week on a pay check just to support and and get by.
Remember the black out a couple years back on the east coast! The big oil companys reported losing profits So how did they recover, they past it on to the consumer. So that only tells you that there's nothing that we can do about it but just pay the high cost of driving, and we will do so as long as we need to get to point A to B and back.
Remember the black out a couple years back on the east coast! The big oil companys reported losing profits So how did they recover, they past it on to the consumer. So that only tells you that there's nothing that we can do about it but just pay the high cost of driving, and we will do so as long as we need to get to point A to B and back.
AJLaFleche
Member Since: May 05, 2002
entire network: 8,074 Posts
KitMaker Network: 2,574 Posts
Posted: Wednesday, August 17, 2005 - 06:19 AM UTC
What's really scary is heating season is coming. heating oil is rising as rapidly as gas. You can manage, mostly, by cutting down on driving. But waht are those people who heat with oil going to do? (I have gas heat, so I'm slightly less affected.) Choose between food and heat? Here's where a serious look at alternatives should be focussed. Work towards effecient solar and wind power. Of course,. there's not going to be much support for that since once that becomes truly viable, the energy companies are left with their choose your analogy :-)
ellevehc86
Member Since: February 15, 2005
entire network: 162 Posts
KitMaker Network: 0 Posts
Posted: Wednesday, August 17, 2005 - 06:40 AM UTC
Your correct on the cost of heating oil. I watched a show called "Oil storm" it was a fictional documentary about the rising cost of gas prices. In that documentary, they said that boston was a major city that still relied on heating oils. That brings up the good point of how many senior citizens won't be able to pay there heating bill this winter!
Jay
Jay
viper29_ca
Member Since: October 18, 2002
entire network: 2,247 Posts
KitMaker Network: 718 Posts
Posted: Wednesday, August 17, 2005 - 07:35 AM UTC
Well I don't know about the prices of my other Canadian bretherens, but here in New Brunswick it is running about $1.13CDN per litre for regular unleaded.
To put that into perspective for our US bretheren, that is about $5.08CDN per US Gallon, or about $4.23US per US Gallon with the exchange.....so yeah guys....I wouldn't mind paying as much as $3US a gallon if I could!! Sorry!!!!
To put that into perspective for our US bretheren, that is about $5.08CDN per US Gallon, or about $4.23US per US Gallon with the exchange.....so yeah guys....I wouldn't mind paying as much as $3US a gallon if I could!! Sorry!!!!
GSPatton
Member Since: September 04, 2002
entire network: 1,411 Posts
KitMaker Network: 785 Posts
Posted: Wednesday, August 17, 2005 - 07:40 AM UTC
California - Orange County - $2.78 per gallon for regular unleaded.
I'm thinking about buying a horse - anthing has to be cheaper that trying to feed my iron steed.
I'm thinking about buying a horse - anthing has to be cheaper that trying to feed my iron steed.
staff_Jim
PublisherMember Since: December 15, 2001
entire network: 12,571 Posts
KitMaker Network: 4,397 Posts
Posted: Wednesday, August 17, 2005 - 07:50 AM UTC
Quoted Text
Today reported this morning that one of the big oil companies profits were up 47% since last year, $31,000,000,000 from $21,000,000,000. The guy selling you the stuff at the corner is not getting a cut of that, either.
You do the math.
I paid $2.84 per gallon premium yesterday, up $.09 since Friday.
Al,
Do you mean this story?
Quoted Text
ExxonMobil profit up on oil prices
IRVING, Texas (AP) — ExxonMobil (XOM), the world's largest publicly traded oil company, said Thursday its profits surged 32% in the second quarter as it reaped the benefits of soaring oil and natural gas prices.
But a more than 4% drop in oil and gas production in the second quarter tempered much of the enthusiasm, adding to Wall Street concerns that large oil companies are finding it increasingly difficult to boost output. (Related: Huge oil profits go for exploration)
ExxonMobil, like its peers, has continued to bask in the glow of an extended bullish run in oil and gas prices, spurred by soaring demand in Asia and increasingly stretched global supplies of crude. Oil prices topped $62 a barrel earlier this month to touch yet another record high.
ExxonMobil year to date.
Persistently strong refining and marketing margins also helped boost the company's bottom line.
"Oil and gas production volumes (and earnings) were disappointing in the quarter, but this was offset by a now-familiar bonanza in the refining and marketing division — particularly in the U.S.," Credit Suisse First Boston analysts said in a research note.
Net income for the April-June quarter rose to $7.64 billion, or $1.20 a share, from $5.79 billion, or 88 cents a share, the year before. Excluding one-time items, earnings totaled $7.84 billion, or $1.23 a share, Exxon said.
The adjusted earnings just missed analysts' expectations for profit of $1.24 a share, according to a Thomson Financial survey.
Revenue totaled $88.57 billion, a gain of 25%.
On an oil-equivalent basis, energy production dropped 4.3% from last year's quarter, reflecting both lower liquids and natural gas volumes, Exxon said.
The company, which has maintained a large stock buyback program as its cash pile soars alongside oil prices, said it would further increase its share repurchase level to $5 billion in the third quarter.
"Fans of huge share buybacks will cheer today's announcement, those looking for progress on production growth will be less happy," CSFB wrote.
They were up 1.7 billion from the previous quarter in profits. I am not trying to defend big oil companies but you can see exactly what kind of markup their is for them... 88 billion in sales = 7.64 billion in profit. That is less than 10%. I don't know too many businesses that operate on less than that (okay well maybe WalMart).
No I personally don't see this as the oil companies fault. You might as well blame WalMart for making more money after a natural disaster (like the Hurricanes in Florida) when they sell people all the replacement products they need.
The problem (to me) rests primarily with us. We drive too many gas-guzzling vehicles and pay way too much for them. $40,000 for a car/truck/suv??? Insane. #:-)
Oh and I had heard that gas stations DO benefit greatly from price hikes like this. Again that would only take a bit of investigation to determine.
Cheers,
Jim
ShermiesRule
Member Since: December 11, 2003
entire network: 5,409 Posts
KitMaker Network: 0 Posts
Posted: Wednesday, August 17, 2005 - 08:10 AM UTC
Just saw in CNN that the high gas prices has NOT affected driving alternatives. People may not drive as much. They may even find ways to get better mileage but there has been no measurable increase in the call for alternative fuels. In fact most people as just sucking it up
Vodnik
Member Since: March 26, 2003
entire network: 4,342 Posts
KitMaker Network: 256 Posts
Posted: Wednesday, August 17, 2005 - 08:13 AM UTC
I paid 4.15 zloty per liter (regular unleaded) two days ago. This means 15.71 zloty per US gallon or $4.81/gallon. You guys in the US really shouldn't complain...
By the way, diesel in Poland is cheaper than gas. It is 3.72 zloty per liter.
Pawel
By the way, diesel in Poland is cheaper than gas. It is 3.72 zloty per liter.
Pawel
Marty
Member Since: June 16, 2002
entire network: 2,312 Posts
KitMaker Network: 871 Posts
Posted: Wednesday, August 17, 2005 - 08:19 AM UTC
Central Mass - $2.59 for regular unleaded
Oh, and I really get peaved when I hear people say that we shouldn't drive as much. Damn those people! I drive 360 miles a week and that's just to and from the train station which then takes me to my office in town. I do not have a choice but to drive 360 miles every week regardless of what the price of gasoline is. I cannot take a shortcut or use alternative means of transportation. As it is I take a train instead of driving in all the way.
I may have to invest money in a motorcycle.
Oh, and I really get peaved when I hear people say that we shouldn't drive as much. Damn those people! I drive 360 miles a week and that's just to and from the train station which then takes me to my office in town. I do not have a choice but to drive 360 miles every week regardless of what the price of gasoline is. I cannot take a shortcut or use alternative means of transportation. As it is I take a train instead of driving in all the way.
I may have to invest money in a motorcycle.
Mojo
Member Since: January 11, 2003
entire network: 1,339 Posts
KitMaker Network: 624 Posts
Posted: Wednesday, August 17, 2005 - 11:46 AM UTC
Alternative power sources..Something that is far far overdue, and is the way of the future no matter what.. Its either that, or get used to pedaling your bike again..
99.9 to 1.04 here in the Collingwood/ Barrie Ontario area
Dave
99.9 to 1.04 here in the Collingwood/ Barrie Ontario area
Dave
AJLaFleche
Member Since: May 05, 2002
entire network: 8,074 Posts
KitMaker Network: 2,574 Posts
Posted: Wednesday, August 17, 2005 - 12:03 PM UTC
Quoted Text
I may have to invest money in a motorcycle.
Could be quite hairy when the temp drops (been there, done that at 18 degrees!! ) and the snow flies (Ain't no snow tires for a cycle!)
Delbert
#073
Member Since: October 05, 2002
entire network: 2,659 Posts
KitMaker Network: 865 Posts
Posted: Wednesday, August 17, 2005 - 12:55 PM UTC
Here in Eastern PA gas today was $2.51 a gallon..
hits pretty hard since I drive a Dodge Durango SUV with the big V8 in it....might have to invest in a moped.... :-)
hits pretty hard since I drive a Dodge Durango SUV with the big V8 in it....might have to invest in a moped.... :-)
TankCarl
Member Since: May 10, 2002
entire network: 3,581 Posts
KitMaker Network: 678 Posts
Posted: Wednesday, August 17, 2005 - 12:57 PM UTC
$2.57 today on the way o work,I get 35 MPG fortunately.
Total was $18.90
Total was $18.90
Silantra
Member Since: March 04, 2004
entire network: 2,511 Posts
KitMaker Network: 1,296 Posts
Posted: Wednesday, August 17, 2005 - 01:36 PM UTC
gretings...
well i guessed we in Malaysia pay a lot more cheaper than everbody else around the world...
I pay RM 1.65 per litre... (about USD 0.45/litre) ..our government was good and has subsidised the fuel. But the figure is beeing increased 2 times this year as the government decided to cut the subsidised to the minimum.... a few years back we conly paid RM 1.24 per litre... even if compare to others, we're still low but given the fact that our country income per capital were still low compare to that of other developed countries, this sudden increases of fuel price is still burden to us... our sallaries are still the same, but the price of everthing is going up as well. for example, the groceries and meat, chicken etc..etc were going up...because they say the transportation cost was increased...so thus everything..they blammed it on the oil price and take forgranted of everything else...
even the diesel price and cooking gas (LPG) are also increased.... so many price going up....
if i choose to use my motorbike, it will not make to many differents since my motorbike also counsumed almost the same fuel as my car..
the only best solution that i could think of is to use bicycle just like the Dutch.. haha..but living in the hot tropical sun, i will sweating like ****&^^% when i get to the office...
my 2 cents
well i guessed we in Malaysia pay a lot more cheaper than everbody else around the world...
I pay RM 1.65 per litre... (about USD 0.45/litre) ..our government was good and has subsidised the fuel. But the figure is beeing increased 2 times this year as the government decided to cut the subsidised to the minimum.... a few years back we conly paid RM 1.24 per litre... even if compare to others, we're still low but given the fact that our country income per capital were still low compare to that of other developed countries, this sudden increases of fuel price is still burden to us... our sallaries are still the same, but the price of everthing is going up as well. for example, the groceries and meat, chicken etc..etc were going up...because they say the transportation cost was increased...so thus everything..they blammed it on the oil price and take forgranted of everything else...
even the diesel price and cooking gas (LPG) are also increased.... so many price going up....
if i choose to use my motorbike, it will not make to many differents since my motorbike also counsumed almost the same fuel as my car..
the only best solution that i could think of is to use bicycle just like the Dutch.. haha..but living in the hot tropical sun, i will sweating like ****&^^% when i get to the office...
my 2 cents
 |
WEB HOSTING BY
Copyright ©2021 KitMaker Network and Kitmaker Network, a subsidiary of Silver Star Enterprises
All Rights Reserved. Please read our Conditions of Use and Privacy Policy.
All Rights Reserved. Please read our Conditions of Use and Privacy Policy.