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Report Your Local Gas Prices Here (retired discussion, please see the new one)
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This time of year, refineries normally shut down as they change over from winter to summer formulation. Well, a Hess plant in the Caribbean announced they would be shut down longer than normal and that caused "supply fears" in the market, causing wholesale prices to jump.
So the amount of oil being produced doesn't change, the amount we're using doesn't change, but prices spike because one of those things MIGHT change.
Somebody tell me again how this has ANYTHING to do with actual supply and demand or the oil companies gouging us??
The markets run on emotion as much as anything, and all this gloom and doom sentiment out here has more of an affect than you might think.
On the plus side, I just got a dividend from my Shell Oil stock. ~$48.00. That'll pay for about a tank and a half, I figure. :sick:
My wages cannot keep up with price per gallon. It's usually 2.35 around town (yesterday)... But up to $2.44 for major brands:sick: :sick: . May be higher today.
Our Mr. Patel 1.5 blocks from our W. Georgia home was selling regular at $2.26 yesterday. He'll run-out today...he only has one pump and one underground tank. He'll raise it atleast 7 or 8 cents today IMO.
Is there no end to this madness?
I think that this summer will finally send us into a recession, if the prices keep rising the way they started the last 2 weeks. :sick:
Who is this BIG OIL you keep referring to? Is there certain individuals here in the USA we can point a finger at and say "he is gouging us". Hopefully your 401k has some oil stocks in there. They are making the big bucks that the dot coms were making in the 1990s. The truth is the oil companies are actually thousands of businesses just like the companies we work for. Some like Exxon are large, some like Colville Environmental are small. Most of them are making money right now because fear controls the commodity market. It is not the same as 75 years ago when the Rockefellers controlled most of the known oil reserves. We can be thankful that the government is not tacking on a couple bucks a gallon, like in the EU.
What's a Cavuto. Sounds like some foriegn car. Hopefully not like a Yugo. Very funny....
Having provided communications to the oil industry for the last 35 years I get some feeling for what is going on. Right now the oil companies are spending money on exploration like you cannot imagine. No cost is too much. When the oil prices fell in 1985 the oil companies QUIT looking for more oil. Stopped dead. Wages in the Alaska oil fields dropped by as much as 50%. UAW members are not even close to being squeezed like the oil field workers were from 1986 until about 2001. The 1990s were not good for the oil industry at all. Everyone else was fat dumb and happy. Where were the screams for the oil field workers losing their jobs and getting huge cuts in pay. It is cyclic and now it is their turn to make money and we pay at the pump.
First: it would take with our current capacity 30-40 years to get all the known oil out of ANWR. You do not open a valve and out comes 10 billion barrels. Second: it is much easier and environmentally safer to get at the oil in the Arctic than say off the coast of Florida. ANWR is exactly the same as the Prudhoe Bay oil field. Same waterfowl, caribou & bears. We have gotten along fine with them for 30+ years and none have been endangered. It is strictly a political game.
Last year's energy bill speaks volumes. The old 'golden rule'...
NJ is full-service only, by the way (by law). Well, "full service" in the sense that you can't pump it yourself. Not that you get your windshield cleaned or anything!
Weird!
The Sandman :confuse:
Just a pre-gouge for the summer...in 4 or 5 months people will be pining for today's prices.
Rocky
Regular was up to $2.61 at ARCO. Premium was same as diesel $2.83.
3 weeks ago when I filled with diesel it was $2.85. Gas was at $2.41.
Maybe you are right Rocky. They will meet at $3 per gallon for gas and diesel.
Normally I'd drive my Intrepid, especially once prices start shooting up, but I let my uncle borrow it because both of his cars are laid-up. '03 Corolla's in the body shop and his '97 Silverado's at the transmission shop.
On the plus side though, I found out that my Intrepid is still capable of pretty good fuel economy, even at its age and mileage (115,000). My uncle drives about 60 miles each way to work, and while it's mostly highway, sometimes he runs into some really bad gridlock. And he said that since he's been driving my Trep, he's hit some of the worst congestion he can remember! Anyway, he's averaging around 27.5 mpg, which ain't too bad. In comparison his Corolla would average between 34-38 though. But he'd be lucky to get 18-19 out of his pickup.
Lately, when I'd drive my Intrepid, I'd be lucky to get 18 mpg out of it, but most of my driving lately has been very short-trip. I think I did get around 22.6 mpg out of the last tank though, probably because I did a bit more highway, but we're also off the oxygenated crap now too.
Funny though, in the past whenever we'd go on the oxygenated stuff for the winter, even though I've heard a lot of people say it gives you bad economy, can mess up your fuel pump, etc, I've never had a problem with it.
2021 Kia Soul LX 6-speed stick
Oddly enough, on the PA Turnpike, where the captive audience usually has to pay more, a friend reported $2.39
Let's elect them again, if you can afford too. :sick:
Rocky
I do believe he is referring to the Left and Right side of the aisle of Congress. Do remember several of the leading members on the Left side of the aisle, believe gas should be at least $5 per gallon. This in their minds would slow down the usage. Of course they all have plenty of money to support their garages full of Lincoln town car & Suburbans. Gas is of little consequence, even if the price were $20 per gallon.
I look for a dip following Spring Breaks, up until the summer season. I feel for the gas station managers. They have to hire a full time person to change the prices.
Rocky
We are the only major country getting our gas cheap. Even Canada our number one supplier of oil, pays more at the pump than we do. Close to $3.25 USD a gallon for gas. Diesel is about 40 cents a gallon cheaper.
Depending on vendor, $2.43 to $2.59 regular 87.
The oil companies want to get all the kids money too :sick:
Something tells me that ain't all the truth, dudes. There's more lurking underneath the ugly belly of this monster that we may not want to know about.
For one thing, ghastly has been closer to $2.00/gal for 87 no-lead in other areas of the country but not here in Pocatello, ID. Does it cost more to ship it here? That 'ole lame excuse?
Doesn't sit well with me. I'm leaning towards getting that Scion xA or Kia Rio for model year 2006 again.
I want to see Yellowsone and the Tetons and travel all over this state this spring and summer and would rather get 35 mpg highway output.
2021 Kia Soul LX 6-speed stick
Here in central VA, the lowest I've seen today is $2.42 at Hess.
Most others here have been reporting prices at about this level and higher.
Potomac was $2.61-63. Found it in Rockville for $2.59, still not cheap. :sick:
-juice
So I just bit the bullet and put 89 in, which it seems happy on. I don't know how how much it would have taken, but I stopped it at 50 bucks, which came out to around 18.8 gallons.
For some reason the lines at the gas station last night were immense...seemed more like a Friday evening on payday than your typical Wednesday evening around 6:30. Is there some big catastrophe looming on the horizon that I don't know about?
you must be a stalker.
where is gas 2.53? i post the prices from the exxon on route 6 in farmington. they are not the lowest or highest, but i drive by there a couple of times a day.
Rocky
2021 Kia Soul LX 6-speed stick