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Report Your Local Gas Prices Here (retired discussion, please see the new one)
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Comments
Check out Figure 6; though the future is always sketchy based on a lot of assumptions.
Vanguard offers an Energy ETF that is no-load and low expense.
And it is only going to get worse as the environmentalists and the NIMBY crowd block the development of coal-fired and nuclear plants. When a nuclear plant and coal plant go out of commission, they are replaced by ... a natural gas one.
My grandmother's furnace runs year 'round, because it also heats her hot water. I saw her last oil bill recently...something like $2.30+ per gallon, so I at least have some idea of what to expect. I hope this ends up being a mild winter! :surprise:
But still, to put it in perspective, my Mom & stepdad told me that when we lived in this house back in the 80's, they were only paying about $800 per year for oil. So I guess looking at it that way, things haven't gone up...too badly, at least. I guess we just got used to the artificially low prices for too long, and now it's payback time!
me: exactly what I was going to say, the other day - pretty obvious. Then the money you pay at the pump can be recycled right back into your pocket, as you'll be one of the owners of the oil and energy companies! Now I've just got to get my money out of those non-energy funds that can get hurt, because inflation and consumer spending are concerns.
This is an issue that concerns ALL of us. A man next to me filling his early '80s Cutlass Supreme sedan vociferously complained, "I guess I won't buy groceries this week so I can pay $50 a week to get to work!" These crazy fuel prices are going to hurt the working poor the worst. Maybe everybody should stay home from work this week to protest.
$2.85 for premuim in Bellevue WA
pf_flyer, "How Are You Dealing With High Priced Gasoline?" #35, 15 Aug 2005 10:05 pm
It really wasn't so long ago that I could get 87 octane for $1.20 per gallon. At that price, if I do 15,000 miles per year and get 20 mpg, fuel for the year would've only run around $892. But now, at $2.70 per gallon, it's blown up to $2,025 for the year. So figure basically $95-100 more per month in fuel costs for this case.
Now, another $95-100 per month isn't going to hurt me, because I live pretty cheaply and whatever's left over at the end of the month usually ends up getting invested or saved. But to someone who's scratchin' and survivin (good times), hangin' in a chow line (good times), an additional $95-100 could be the kiss of death. Even though that creep-up was over several years and not instant, it's still painful.
Perfect example, oil and gas prices went up following the London subway/bus bombings. The reason I heard stated on a radio news story? Well, the attacks were likely to hurt overseas travel, and less people would be flying, and... timeout... LESS travel is going to drive up the price of oil??? :surprise:
Gas prices have always been a topic of discussion at our chats lately!
PF Flyer
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News & Views, Wagons, & Hybrid Vehicles
The Mazda Mania Chat is on tonight. The chat room opens at 8:45PM ET Hope to see YOU there! Check out the schedule
All we need is the right "pin" to burst the price at the pump
Talk about polluting... they don't have the smog devices on their transportation vehicles... they use a lot of vehicles where the oil and gas are mixed.... causing a nice stream of blue smoke. I was shocked when I saw this thinking how far they have to go to be more "Green".
Mark
He lives in Chicago and the gas prices there are going through the roof! He drives 2003 Honda Accord V-6 and has cut his driving a good bit Not that it's a major burden, but the fact that we are being gouged makes me want to cut back too, which I have.
Another good friend of mine has purchased the 2006 Lexus 400h (hybrid)....everything seems to be running fine and he likes it really well. It's an odd feeling when there is no motor sound until about 25 mph. The steering and air conditioning are electric; no need for the motor to run for them to work.
M.
87 - $2.599
89 - $2.699
93 - $2.799
diesel - $2.499
$77.50 to tank up the Ram...
kcram - Pickups Host
At a dead 52 mph on cruise control, I can get a steady 21 mpg. At 65, it's about 18.5. If I had gotten the Hemi, I'd be looking at 12-14 mpg instead of 18-21. My tank average is usually around 16 with the diesel, and would likely be 11 with the Hemi. At today's price and my annual driving of 22,000 miles/year:
Cummins - 16mpg and $2.499 would net $3436/year in fuel
Hemi - 11mpg and the recommended use of Plus (89) at $2.699 would net $5398
The Cummins MSRP is $5555 - at those rates, I recover the cost of the engine in fuel savings in about 3 years.
Obviously, I'm lucky that diesel is below all grades of gasoline at the moment. over a year, it usually works out on average somewhere between regular and plus, and that would extend that 3 year estimate to about 5 - still not bad.
kcram - Pickups Host
james
But the bottom line is, I always wanted a 4x4 dually from the time I first saw one in 1978. Bought a Ram 3500 diesel dually in 96, and the 05 I have now replaced it after 9 years of trouble-free service. I admit I can afford it... if I couldn't, I wouldn't be driving it.
kcram - Pickups Host
My unit had a 300 7.2 cat diesel rear engine. I made note of every fill up and the mileage driven per tank . Overall, I got 7.5 miles per gallon. This was a 38,000 lb vehicle at 38.4" in length.
Theirs had a V-10 Ford engine/chassis. It appeared that I got better mileage with the diesel but my friends didn't keep up with the mileage. Seems everytime we filled up, I put in less fuel.
If I win the lottery, I'm buy a motorhome! I had the best time!
Mark
The idea behind a boycott, since some people don't realize this is a critical part of it, is that we MUST STAY HOME, not just not buy gas. If you don't buy gas, there is no effect. You buy gas the day before or the day after, and the oil industry still gets your money.
BUT IF YOU STAY HOME more than you would have in those days, if you don't go shopping that weekend, if you don't go to the movies, if you buy twice as many groceries so that you won't make a second trip, etc, etc...you are (obviously) spending less gas. Therefore, they are losing money when you do not buy gas.
The key for this to be effective is that it has to be a concentrated effort. If you could honestly get 1/3rd of the US to do this for two days, gas sales would drop like a rock. The problem is that, until now, everyone has made their own small attempts at this, but not been able to get enough attention to really make the oil companies notice. What we would have to do for this to work is tell everyone. Coworkers, send e-mails, tell family, etc. If EVERYONE, all at once, vowed to cut back as much as possible all at the same time.....I guarantee that gas prices would plummet.
It may not be feasible for everyone to request off work the 5th of September, but it would certainly be effective.
The idea has been proposed of instead boycotting corporate gas stations. This would not work. The gas stations DO NOT SET THE PRICE OF OIL. The price of oil is set from the people THEY buy it from. They raise it, at most a few pennies, and then re-sell it. There is NO WAY that, by boycotting a station, they would magically be able to say, Oh, okay, here have gas for $1.30 instead. All we would do is put them out of business.
As a second note, gas prices are only as high as they are because we have agreed to pay them. The idea of a gas shortage is nonsense. If there was a shortage, there would be a limit on the amount of gas we could consume. People are using just as much gas as before, simply at a higher rate. This does not indicate a shortage, it indicates that there are greedy oil companies who have paid people to say, I forsee gas prices will rise. Then we all sigh, and gas prices rise. Is it a coincidence that every time someone says it will happen, it does? No one is that good at their job. It's all a ploy by the oil tycoons. They prepare us for it to come, and we resignedly accept it as something beyond control. What a scam we also call speculation.
Oil tycoons are using outdated equipment. They pocket all the profits instead of making more efficient equipment that could be used for cheaper oil. This is, again, because we have not complained loudly enough. As for those of you who say that it would adversely affect the American economy, it won't. Not buying gas will only affect the oil refineries trying to sell it. This is because 1) it's a short term strike and 2) these refineries are not inherently laced into other business. If anything, we're doing our economy a favor. By not letting the oil industry keep a monopoly on us, we're making sure that prices for common items don't go up when the truck drivers have to charge us for their gas.
So I say we show them what's what, and don't use gas Sept. 5-9th!! Make Sept. 5 National Take Off Work and Stay Home Day! Eat dinner with the family! Have a game night! Take a nice walk! BUT DON'T GO OUT IN THE CAR!
Dammit, prices are up AGAIN since last I reported, by about 8 cents (were $2.89-2.99-3.09, now Premium is $3.179 near my place). Sickening.
But the way that would probably play out is that futures traders would react to the backup the way they seem to have reacted to every piece of news lately. No matter how the news actually affects supply, it's an excuse to drive the price up.
It no longer seems to be based in reality.
PF Flyer
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News & Views, Wagons, & Hybrid Vehicles
The Subaru Crew Chat is on tonight. The chat room opens at 8:45PM ET Hope to see YOU there! Check out the schedule
By late 2001, gas was really cheap again. I remember October of that year, when I brought my '79 NYer home from West VA. I filled up when I got home, to try and get a feel for the fuel economy. Gas was so cheap at the WaWa, that I treated the car to premium, which might've been around $1.12 per gallon. I think 87 octane was in the 90 cent range!
By the way, I am in Charlotte, NC and 87 has eclipsed $2.60/gallon today.
Just seems to me like the market is very skitish at these price levels.
PF Flyer
Host
News & Views, Wagons, & Hybrid Vehicles
The Subaru Crew Chat is on tonight. The chat room opens at 8:45PM ET Hope to see YOU there! Check out the schedule