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Report Your Local Gas Prices Here (retired discussion, please see the new one)

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Comments

  • rockyleerockylee Wyoming, MichiganMember Posts: 13,994
    Ouch !!!!!!!!!!! :surprise:

    Rocky
  • fintailfintail Member Posts: 53,695
    I wonder if the oil industry records record profits yet again, if they'll get an even larger energy bill/early Christmas present.
  • rockyleerockylee Wyoming, MichiganMember Posts: 13,994
    I would count on it. :surprise:

    :cry:

    Rocky
  • wilcoxwilcox Member Posts: 584
    = Greed

    That's with a capital "G" IMO.

    Guess we should be buying "futures" as per sneakers comment.
  • fintailfintail Member Posts: 53,695
    2.57/2.67/2.77

    Such fond memories of last year's gouge
  • PF_FlyerPF_Flyer Pennsylvania Furnace, PAMember Posts: 9,400
    It might not be the stupidest thing I would have ever done if I got together with some folks and we looked into unleaded futures. Heck, the sentiment that *I* see in the public is that there's no end in sight for this summer. But now I have to think... when everyone is thinking UP, might it be to late to get in on it??? :P

    Kind of like when you start hearing ads to buy gold or invest in heating oil futures. By the time the general public starts to hear about it, most of the upside is probably gone already!

    Still hanging at $2.59 in Happy Valley, although we have one small station that is at $2.55 if paying by cash, $2.61 for a credit card purchase.
  • wilcoxwilcox Member Posts: 584
    Hope it trends downward soon....

    :) good news for those who have mineral rights.
  • rockyleerockylee Wyoming, MichiganMember Posts: 13,994
    I think it won't be long until we see $80 a barrel. :sick:

    Rocky
  • gagricegagrice Pahrump, NevadaMember Posts: 31,450
    One of our enemies thinks it will be less than that.

    APR. 3

    9:55 A.M. ET Venezuela's President Hugo Chavez, in an interview to be broadcast Monday, says he would like to see oil prices stabilized at US$50 a barrel.

    "We're trying to find an equilibrium. The price of oil could remain at the low level of US$50. That's a fair price, it's not a high price," Chavez said in an interview with the British Broadcasting Corp.

    Light, sweet crude was trading above US$66 a barrel Monday.


    Oil price
  • rockyleerockylee Wyoming, MichiganMember Posts: 13,994
    Personally gagrice, I'd bet on seeing $100 a barrel before we see $50 a barrel, because I think the huge growth of China, will keep it that high. :sick:

    Rocky
  • gagricegagrice Pahrump, NevadaMember Posts: 31,450
    Americans do everything by knee jerk reaction. It is human nature to take advantage of that mentality.

    For all of you with a 1000 Kruggerands stashed in the closet. Gold is at $589, is it time to sell?

    RAS LAFFAN, Qatar, April 2 (Reuters) - OPEC is likely to keep production levels steady when it meets in June if oil prices remain at current levels, Qatari Oil Minister Abdullah al-Attiyah said on Sunday.

    He also told reporters there was no shortage of supply in world markets and that the global economy could absorb oil prices of $60 per barrel.


    $60 or less a stable price
  • gagricegagrice Pahrump, NevadaMember Posts: 31,450
    Oil company collusion is not a factor in the current price of gas. Oil companies are at the mercy of the global market in energy as much as anyone. Even Exxon, the world's largest private oil company only accounts for 3% of the market, with the majority of the oil it delivers purchased at prices set on commodities exchanges in Hong Kong, London and Chicago.

    If not collusion, why were gasoline prices higher in 2005 -- although certainly not higher than their inflation adjusted peaks of the 1980s? It was a combination of factors: Strong demand in the U.S. and several developing nations, OPEC production and refining decisions and political instabilities in a number of oil exporting countries. Further damage to off-shore oil platforms and gulf coast ports, refineries and delivery systems from Hurricanes Katrina and Rita caused prices to spike.

    Even so, profits in the oil and gas industry are much lower than many industrial sectors, such as pharmaceuticals, banks, semiconducters and even household and personal products. In fact, according to the U.S. Energy Information Agency, state and federal taxes account for a larger portion of the price of gasoline than do profits.


    Collusion?
  • aeriohawaii1aeriohawaii1 Member Posts: 39
    Here in Paradise
  • fintailfintail Member Posts: 53,695
    People with an oil company meal ticket will defend the current situation, while the prices at the pump cannot be explained.

    Will record profits for ANY INDUSTRY EVER bring even more crooked reverse-socialism from the big oil regime this year? I wonder what scam to sell big SUVs we'll see next.
  • gagricegagrice Pahrump, NevadaMember Posts: 31,450
    Aloha,
    What are you paying for unleaded today? Do they still have the price controls like last year?
  • gagricegagrice Pahrump, NevadaMember Posts: 31,450
    People with an oil company meal ticket will defend the current situation

    I assume you are referring to just about everyone with a 401K retirement plan. Most good funds have a few oil shares.
  • fintailfintail Member Posts: 53,695
    401Ks aren't a meal ticket.
  • rockyleerockylee Wyoming, MichiganMember Posts: 13,994
    Agree... Far From It..... But hey my advisor says I will have $4 million (+) in mine. :confuse:

    Rocky
  • jlawrence01jlawrence01 Member Posts: 1,828
    The AMEX announced that they will be offering an ETF tied to the price of crude oil. I believe - and I have NOT verified this through a financial website - the ticker symbol will be OIL.
  • ateixeiraateixeira Member Posts: 72,587
    Georgetown, DC: $2.79 (regular)
    Potomac, MD: $2.77
    Ocean City, MD: $2.33! At the Wawa

    -juice
  • lemkolemko Philadelphia, PAMember Posts: 15,306
    ...at Rhawn and Verree in NE Philly:

    Regular = $2.51
    Silver = $2.61
    Super = $2.71
    Ultra = $2.79
  • PF_FlyerPF_Flyer Pennsylvania Furnace, PAMember Posts: 9,400
    A chink in the armour with a station dropping 2 cents to $2.57 here this morning. Sine they always seem to run in lockstep, we'll have to wait and see if this is a trend :P

    PF Flyer
    Host
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  • bottgersbottgers Member Posts: 2,030
    It's probably just the calm before the big storm.....the Memorial Day weekend gouging fest!
  • andre1969andre1969 Member Posts: 24,567
    coming in to work this morning, I saw the Shell station in Seabrook, MD was up to $2.729/$2.829/$2.929.
  • lemkolemko Philadelphia, PAMember Posts: 15,306
    ...I live in the city. Things are uglier in the suburbs with gasoline about ten cents more across the board.
  • Karen_SKaren_S Member Posts: 5,092
    A large newspaper is looking to interview consumers who have large SUVs but might rent a car to save on gas when going on long trips. Please send an e-mail to [email protected] no later than Thursday, April 6, 2006 containing your daytime contact information, along with the make and model your vehicle.


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    Corporate Communications
    Edmunds.com
  • KCRamKCRam Mt. Arlington NJMember Posts: 3,516
    My usual Sunoco truck stop, Palisades Park NJ

    87 - $2.399
    89 - $2.499
    93 - $2.559
    94 - $2.599
    diesel - $2.519

    Lots of semis filling up with D this afternoon... only one car getting gas.

    kcram - Pickups Host
  • jae5jae5 Member Posts: 1,206
    USA Today article that stated ExxonMobil knocked off Wal-Mart in terms of most revenue earned, going to the top spot on the Fortune 500...
    ExxonMobil Revenues

    Hmmm.

    Fuel: 2.49/2.60/2.75 @ Meijers and Sonic
    Fuel: 2.65/2.78/2.87 Shell, Mobil, BP and the like
  • bottgersbottgers Member Posts: 2,030
    ....posturing themselves for their presentation of $3-$.350 gas for the entire summer. Seems the greed has really gotten in their blood like crack and they just can't control themselves....
  • lemkolemko Philadelphia, PAMember Posts: 15,306
  • rockyleerockylee Wyoming, MichiganMember Posts: 13,994
    86' octane regualar is $2.59 cents. Lemko, $3 or even $4 is coming soon huh ?

    Rocky
  • 210delray210delray Member Posts: 4,721
    Don't have a big enough tank -- yet. However, both of our Camrys were filled on the same day last week, for a total of over $77.

    Hess is the lowest here in Central VA at $2.49 for 87.

    Sheetz is $2.55.
  • bottgersbottgers Member Posts: 2,030
    ....have to go before alternative energy sources become more viable? Our economy simply can't sustain $4 a gallon gas prices on a long term basis (I have my doubts it can sustain $3 gas long term). Just as shocking as the skyrocketing prices is the lack of aggressive action by our nation's leaders. Do they think this energy crisis is just going work itself out? We're already more than 30 years behind the power curve on coming up with a responsible energy plan, so you'd think there'd be some urgency to get the ball rolling. It's time to stop pandering to the energy moguls and start doing what needs to be done for all humanity.
  • lemkolemko Philadelphia, PAMember Posts: 15,306
    Regular is now $2.59 at the Sunoco on Rhawn and Verree.
  • PF_FlyerPF_Flyer Pennsylvania Furnace, PAMember Posts: 9,400
    Up 6 cents yesterday and 4 cents today to wind up at $2.69

    Funny, I missed the (insert natural disaster or incident of terrorism of your choice here) that the traders are using as an excuse this time.

    Oh wait... I know... maybe it was all the pointless gloom and doom drumbeat in the media. Yea, that's the ticket. Why look at anything real as far and supply and demand goes. Let's run the whole thing on what we FEEL is going to happen.
  • bottgersbottgers Member Posts: 2,030
    You know someone is going to chime in and tell us we're nuts because all these price hikes are somehow ligit. I can hear it now, "gas is part of the world market and because China and other countries are using so much more these days, we either pay the high prices or it goes somewhere else."
  • lemkolemko Philadelphia, PAMember Posts: 15,306
    ...the media should report exaggerated good news for the good of all. Then, maybe the price of gasoline will fall. How about these headlines?

    Osama Bin Laden Surrenders

    Saddam Pleads Guilty, Graciously Accepts Death Sentence

    War in Iraq is Over

    Al Qaeda Enters into Peace Negotiations

    President Bush's Approval Rating at 99.9% with .1% Allowed for Error

    U.S. Has $600 Billion Trade Surplus with China
  • lemkolemko Philadelphia, PAMember Posts: 15,306
    "What's goin' on?"

    Regular at the Sunoco at Rhawn and Verree in NE Philly was $2.59 at lunchtime. Now it's $2.65!

    Regular at the Hess station near my workplace was $2.53 at lunchtime. Now it's $2.61!!!

    A six and eight cent jump in 5 hours? What happened? Did Al Qaeda blow up the Statue of Liberty or did an earthquake wipe out Texas? As usual, nobody's doing anything about it but offering excuses.
  • jae5jae5 Member Posts: 1,206
    Was asking the same thing this morning.

    Have to repost my sightings as things changed in a 9-hour period:

    4/6/06 - near work (western suburbs of Chi-town), 6:30am:
    Reg/Med/Premium
    Fuel: 2.49/2.60/2.75 Meijers and Sonic
    Fuel: 2.65/2.78/2.87 Shell, Mobil, BP and the like

    Same stations, 5:30pm

    Fuel: 2.78/2.87/2.98 Shell, Mobil, BP and the like
    :cry::cry: :sick:
  • explorerx4explorerx4 Central CTMember Posts: 15,980
    from 2.69x to 2.75x x=9.
    supposedly energy stocks tanked today.
    maybe prices will drop tomorrow. doubt it.
    2020 Ford Explorer XLT, 2019 Lincoln MKZ Reserve 1
  • kernickkernick Member Posts: 4,072
    you: Let's run the whole thing on what we FEEL is going to happen.

    me: well you can bet on future events, which is what markets and equities markets do based on 1) present events that will have an effect on the future, or 2) a general prediction of the future.

    2) would include: having a feeling that in the next several months one or more of the following things will disrupt energy supplies - hurricanes, Nigerian rebels, Iran, political turmoil in other countries ... The more things to worry about, the higher the probability that there will be problems.

    Apple stock went way up the other day because they announced their computers will now work with windows. They FEEL they'll sell many more computers. Were the investors foolish? should they have waited until Apple actually sold those computers and announced the profit?
  • klizmaaaklizmaaa Member Posts: 13
    The prices here are completely outrageous
    Mobil
    2.97 Super
    2.87 Premium
    2.69 Regular
    Where is all the outrage like last summer? How come its only when prices reach new highs that people call for lower prices? Last year when it reached this level there was outrage everywhere it was the only thing that actually helped bring gas prices down. :mad:
  • rockyleerockylee Wyoming, MichiganMember Posts: 13,994
    No it was the Tornado's that hit Tennessee. :surprise:

    Rocky :P
  • fintailfintail Member Posts: 53,695
    "Last year when it reached this level there was outrage everywhere it was the only thing that actually helped bring gas prices down"

    That's part of the pricing psychology. Jack it up till people whine, lower it a bit (but not to previous levels) to appease them, then jack it up again...repeat over and over. Two steps forward, one step back. Hurricane season should be fun this year...I've already seen meteorological predictions of another rough season. Maybe that has the speculators excited too.

    This year's profits should create some excellent tax breaks and other associated perks.
  • 210delray210delray Member Posts: 4,721
    Central VA:

    Hess, up 9 cents in one day to $2.58 for 87.

    Sheetz, Exxon, and Citgo, up 10 cents to $2.65 for 87.

    Getting close to Katrina panic prices.

    I did hear today on NPR that prices are rising because demand remains very high (I assume they meant in the US, not necessarily the entire world), and MTBE is being phased out as a clean-air gasoline additive. This is because MTBE has been implicated in ground water contamination from leaky fuel storage tanks.

    The only substitute for MTBE is ethanol, the price of which is shooting through the roof. And the East and West coasts have it especially bad, because ethanol has to be trucked in from the middle of the country. It can't be transported through pipelines because it absorbs water. Trucking of course is more expensive.

    Now if you think clean air is something we can do without, I remind you of two rather disturbing sights on my cross-country trek last December. In the middle of nowhere (western Utah on Routes 6/50), we saw an ominous gray haze enveloping the northeastern sky as we headed east. At first I thought it was a huge coal-fired power plant causing the problem, but as we got closer to the plant, it became obvious that the power plant wasn't the source, but rather the still very distant metro Salt Lake City area (which we skirted well to the south).

    Then a few days later, after crossing the Continental Divide and heading east out of Canon City, CO, we saw the same spreading gray haze, this time emanating from the Pueblo, CO metro area (and maybe Colorado Springs as well).

    Possibly because we were in such unpopulated areas that the contrast between clean and polluted air was so stark, but you never really think of Salt Lake City and Pueblo in the same way as Los Angeles or New York. Scary.
  • KCRamKCRam Mt. Arlington NJMember Posts: 3,516
    ...NJ law prohibits the changing of gas prices more than once per 24 hours, so we don't have to deal with prices wandering around all day long.

    kcram - Pickups Host
  • kernickkernick Member Posts: 4,072
    you: Where is all the outrage like last summer?

    me: A lot of people realize that outrage does not work. It does not make things better. Saving gas or producing more energy are ways to do that. If "outrage" at high prices or gas shortages worked, the problem would have been solved in the 70's! Or in the 80's.

    If you don't like paying the price, there's not much you can do but buy less (or none). Personally I'm going to reduce my gas usage by moving, reducing my commute from 30 miles (though I carpool) to live in an apartment 1-2 miles from work. And - if the Caliber SRT4 is really nice I might trade in my Firebird for it, and get a couple of mpg higher.
  • bottgersbottgers Member Posts: 2,030
    The media wouldn't report any of that stuff even if it were true because the vast majority of the media are far left lunatics and doom and gloom are the only things that are news to them. They're too busy trying to make the Bush administration look bad to worry about reporting any news.
  • bottgersbottgers Member Posts: 2,030
    Outrage does work, but only temporarily. Last summer when the price of gas skyrocketed because of Katrina, people (and many of the media outlets) were screaming about all the gouging that was taking place, which eventually resulted in the price coming back down (though it didn't go down to the price it was before the spike). The more the insane profits of the oil moguls are publicized, the more they have to justify their greed, and when they can't, the prices come down.
  • lemkolemko Philadelphia, PAMember Posts: 15,306
    ...I think it's time for that outrage again. If prices are this high now with virtually no major meteorological or political events, imagine what they'd be if another Katrina or 9-11 happened. Fuel would be out of reach for many people. Low-wage workers may just not show up for work as fuel for their vehicles would cost more than they'd make on their shift at Target or Wal-Mart.
This discussion has been closed.