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Look at Enron, Haliburton, etc. corporations know no line they wouldn't cross in order to line their pockets. I guess good ole Dick Cheney must have fit right in as a CEO. Gee is Bush going to do anything to fix this??? Hmmm, let's see he's from Texas the largest oil producing state in the country and home to most of the oil companies. Gee I wonder if any of those CEO's are writing big fat checks to the Bush campaign with a little letter that says "Keep up the good work, and P.S. see if you can cut my taxes a little more I need to sock away a few more million before you bankrupt the country"
Maybe I'm spoiled, but I don't think $1.75-$2.50 a gallon is cheap. The fact is, our economy could not support gas prices of $3-$4 a gallon. No other country in the world relies on transportation as much as we do, and gas prices this high would devistate our economy.
Oh wait, I am lying
I agree with this. I'm no Bush supporter and I do think that oil companies somehow are getting support (thus, Cheney refusing to disclose who was at the WH energy meetings). However, the fact is, gas prices are influenced by a HUGE numbers of factors, not just whether Big Oil wants to gouge us or if a Texan is in office. Oil and wholesale gasoline are commodities and largely driven in price by futures markets. A refinery goes down, it might or might not really affect supply, but it makes investors/buyers jittery and the price goes up. China's demand for oil is WILDLY increasing, putting pressure on worldwide supplies. Russia's output is slowly, but surely making a presence in the world market--over time, diminishing OPECs ability to affect pricing. In fact, most of the time, it can't keep its own players in line.
I was reading an article that essentially stated that to reach an inflation adjusted high, gas would need to be $2.84/gal. The talk of "record-high" prices are in absolute terms, not inflation-adjusted terms. I'm not too bothered by $1.73. Think about this: If you have a 60 mile daily commute and get 20mpg, you use 3 gals/day (I know, other uses, etc--just look at commuting) and 15/gal week, 60 gal/mo. A 20 cent increase is $12/mo. This is worth ranting over? An increase less than inflation?
Comparisons to other countries, notably in Europe, have no use, since those prices include a large amount of tax to pay for a whole number of things, whereas tax on gas here (at least on the federal level and in WI at the state level) is for highway, road, and transportation projects only (yes, I know money is moved around--but it's budget gimmickery--by law, the federal tax goes into a trust fund and whether the money is REALLY there or not is irrelevant).
And get this, I'm no tree-hugging environmentalist. I couldn't care less how economical my vehicle is. I'll drive the vehicle I need, as far as I need to. I'm not one to say the way to reduce gas prices is use less gas or drive small cars.
My commute is nothing anymore, though...all of 3.5 miles each way to work. So I'm not really seeing the effects of the gas hikes like I would have a few years ago, when I lived further from work, plus delivered pizzas as a second job!
87 - $1.619
89 - $1.719
93 - $1.799
94 - $1.869
diesel - $1.579
kcram
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http://www.funnyfortune.com/photos/0304/gasprices.jpg
$1.939=87 octane
$2.039=89 octane
$2.139=93 octane
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Las Vegas $2.10
Tucson $1.86
Denver $1.66
Amarillo $1.56
Albuquerque $1.65
Santa Fe $1.72
El Paso $1.60
Interesting. Here in NE WI, we were at $1.73 for quite a while, probably a couple weeks. Gas started rising about 1 1/2 mos ago. It went from $1.59 to $1.69 overnight, then the $1.73 2 or 3 weeks later. It is now $1.78, since Thursday or so of last week.
kcram
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That is line with what we have here for diesel.
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Here we are over two years later and gas is around $1.66 a gallon. It is probably higher since that was a couple of days ago. What amazed me was that I had filled up that morning for $1.59 and in around 12 hours the price rose $.07 a gallon.
Let's hope that gas does not go above $2.00 a gallon in this area because my mother just might shoot me because I am the one who suggested she buy her Yukon.
At least I can be grateful that I live in Kansas City on the Missouri side. People on the other side of the state line in Kansas are facing higher gas prices because of a stupid bill. There is a bill being voted on that would make it illegal for businesses to sell gas for a price below what it cost them.
This might help the small mom and pop gas stations, but will hurt the consumers.
Octane:
87 - $1.98
89 - $2.10
91 - $2.25
Suburbs (Auora/Naperville):
$1.78
$1.88
$1.98
Both are for Amoco/BP.
For the folks that live in Chicago, the most expensive gas I've ever seen is being sold at the Amoco at Clark and Lasalle streets on the near North side. Premium there can run up to $2.50. There is also for a Mobil in Hyde Park on 55th Street that is equally ridiculous. The Clark and Lasalle streets station just happens to be the only one around for a few miles in any direction. Hmmmmmmmmm
M
It's a captive market. The same thing happens here in the Buckhead section of Atlanta. There is a BP station on Peachtree Rd across from Phipps Plaza that is the only gas station for a couple of miles in either direction and they are way higher than everyone else. Hmmmmmm.
Regular $2.27
Mid $2.37
Prem $2.47
The cheapest that I have seen in the area was at the "only" Exxon we have....... $2.35 for prem.
We do have a Costco, but I haven't checked their prices yet.
M.
87 - $1.679, up 6 cents from 3/12
89 - $1.779, up 6 cents from 3/12
93 - $1.859, up 6 cents from 3/12
94 - $1.899, up 3 cents from 3/12
diesel - $1.579, unchanged
kcram
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As for prices, I was rather delighted to pay only $1.979 for 89 octane the other day. Naturally, this was on the south side. Even 87 octane on the north side is over $2 in most cases now.
Cowboys will not be undersold by stations adjacent to them. They are always 1 cent lower.
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Yea, but the rest of the world doesn't have soccer moms driving around in empty 5 ton 6L V8 Yukons.
I think I'm flashing back to '72.
It's also a free market. If I were that station owner, I'd do the exact same thing. If you know gas is $0.10 lower 2 miles away, you need to decide if that 2 miles of inconvenience is worth $2 to fill your 20 gallon tank. To most it will not be, thus the price charged accurately represents the demand.
"Yea, but the rest of the world doesn't have soccer moms driving around in empty 5 ton 6L V8 Yukons."
I'm not sure I get this. Yukons don't weigh 5 tons, for one thing. Secondly, if I apply logic to this statement, it would seem to mean that our gas prices are lower than the rest of the world because we drive Yukons. So we get a lower price because we're the biggest consumers? Possible, I suppose. The truth is, other countries are more than us predominately because of tax.
$1.78 for 87 Octane in most of NE WI. Been there for about 1 1/2 to 2 weeks now.
Yeah, well, you gotta have that Denali if you're going to be accepted at the Junior League!
I was not blaming anyone. Of course you would--who wouldn't? I just find it funny that he was $1.74 the last time I drove by and the next station up the road (about 3 miles) was $1.59.
mark156,
My goodness those pricess are ridiculous. You all will hit 3 dollars a gallon pretty soon at that rate!
ghulet,
Yes I guess that is the way it is huh? I always make it a point to fillup in the burbs before coming to the city.
M