"rorr, you can't charge $50.00 a gallon because that's price gouging pal."
Why? If I'm charging $50.00 a gallon and I'm next to a service station, with gas, at $2.50 a gallon, how much gas do you think I'll sell? I've only "gouged" when somebody buys my gas. And IF they bought my extravagently priced boutique fuel OF THEIR OWN FREE WILL at $50.00 per gallon, then it's still not "gouging", is it?
Now, if all the stations in an area get together and collude to set prices, then that is against the law. But the law they've broken is a law against collusion and price fixing rather than "gouging" (btw - why is it somehow OK for the government to fix prices but it is not OK for private industry to fix prices? Just curious....)
"They are the only company in this nations history that supply's a critical energy source at record prices while getting government handouts called subsidies"
Then cut the subsidies. Personally, I don't think government should be mucking about with 'subsidies' for any industry (whether it's "big oil" or ethanol or farming or etc etc etc). The problem with subsidies is that then the entire inside-the-Beltway environment is a cesspool of lobbists looking for tax loopholes, subsidies, and various trade protection schemes (like tariffs). Personally, I would be perfectly fine with cutting subsidies (so long as you got rid of ALL of the other BS as well).
BTW - just exactly what subsidies is "Big Oil" getting? Are they true subsidies or are we talking about tax credits? I know that a figure of $20B has been thrown around, but I'm not sure how much credence to give to the source.
Who says they are acting individually? Sure is funny that some cities have higher prices than others, when taxes nor transport costs can be used to explain it away. Pricing models for commodities differ than those of luxury items. People might buy less gas hungry vehicles over time, but they will still need gas, and will appropriate money from elsewhere to buy it. It could be $10 a gallon and people would do it, but they'd be scrimping on food and healthcare (as so many must already).
"And who is 'raking in the windfall profits' when gas prices vary by over $0.40 just within your metro area?"
The controlling entities of the given outlets. Are you denying windfall profits are being made?
You need to learn more about my "small metro area" before you comment.
Who is paying your meal ticket anyway? You seem to only comment when the amoral current regime is bashed, and when people complain about the oil industry. You're hardly a nonpartisan voice. Something's up.
Those are nice stats. Isn't something like 95% of the wealth held by 1% of the populace? Stats can be used in many ways...
Chavez is amusing, good for sound bites. I hope he keeps it up, and I wouldn't cry if his plan succeeds. In the long run, the American market won't be his largest concern.
No changes on the gas price front here, no matter the decreases in other locales, lowering input prices, etc.
Believe it or not, people can have vastly different opinions to yours (or mine) without any money whatsoever changing hands. I am not kidding.
Knock off all of the personal comments - feel free to exchange e-mail addresses and conspiracy theories.
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Those are nice stats. Isn't something like 95% of the wealth held by 1% of the populace? Stats can be used in many ways...
Actually the top 1% hold 34% of the wealth in this country. Fairly dramatic but not nearly as compelling as your numbers. Don't ever let facts get in the way of a good story. Are they paying their fair share? Well that's hard to say. The top 1% in terms of wealth are not necessarily the top 1% wage earners but the top 1% in terms of income pay almost 37% of the taxes.
Chavez is amusing, good for sound bites. I hope he keeps it up, and I wouldn't cry if his plan succeeds. In the long run, the American market won't be his largest concern.
I wouldn't cry either, but I would be very surprised. Everyone else that's tried this has failed and he doesn't inspire me as the exception who can pull it off. Look at the countries he's aligned himself with. Cuba, Iran, N. Korea, and some other South American nations. Not exactly an economic juggernaut in the group. As far as not needing the American consumer, I don't accept that. He can bad mouth us all he wants but its like the drug dealer ridiculing the junkies. Where would he or his social programs be without us?
And the bottom 40% holds .2%. What percentage of wealth is held by those income earners? That top 1% that pays 37% almost certainly has a proportional amount of the fruit. So the rich really aren't being victimized as trickle-downers might want to imagine.
There are other markets for Chavez's oil than the US. Especially in the longer term when/if supply problems take place. His little plan will likely not pan out (and lord knows American lives will be risked to help bring it down), but some of his efforts are worth thinking about. He's not perfect, but neither are we.
And to think I can remember paying $0.74 a gallon back during the Clinton administration..... That was when the market was flooded and the result was the mergers that brought us ExxonMobil and Chevron owning Texaco, but the cheap gas was great!
Chavez does have one distinct advantage that Cuba, Iran, N. Korea, and some other South American nations that he's aligning himself with don't have - boatloads of oil and his country's own chain of gas stations right here in the U.S. He does depend on the U.S. market but in the long run oil is a global resource and if we stopped buying his someone else would pick up the slack. I agree he's an amusing soundbite. Both he and Iran will be way upset if oil prices fall because both have shaky economies that are being kept afloat by oil revenues.
oh, and $2.08 last I looked here at the Jersey shore.
2015 Mazda 6 Grand Touring, 2014 Mazda 3 Sport Hatchback, 1999 Mazda Miata 2004 Toyota Camry LE, 1999.
Did you decide to come play in the sandbox with us fezo?
"Chavez does have one distinct advantage that Cuba, Iran, N. Korea, and some other South American nations that he's aligning himself with don't have - boatloads of oil and his country's own chain of gas stations right here in the U.S."
The guys who scoot down to New Orleans and offer to help them rebuild and get some of their cash in hand and just flee. Or the guys who scoot down to NO and offer to help them rebuild and charge about 2 and a half times the going contractor rate for rebuilding their flooded-out homes. Not to mention suddenly mute insurance policies and...ummm...higher premiums for being in the "Dixie" Club.
Did I say that?
Oh, ghastly, ghastly, prices of Willcox, AZ, ghastly. The Mustang ghastly station, where my boy worked unhappily at for a few weeks before high-tailing it back up to the Evergreen State, is the lowest station in town at $2.11/gal for 87 no-lead.
What's the MTC, because I want a invitation to join you along with fintail.
Rocky
P.S. the $20 Billion figure is what I've heard also. The bottom line is this country is great because some people can be wrong and I'll leave it at that.
Okay, 7 years ago you reported fuel in the $1.40 range.
Now, after 7 years, you report fuel in the $1.90 range.
Looks like an annual inflation rate of about 4.45% for retail gas. Of course, I think it was trending up back in '00 and it seems to be trending down right now.
I think $1.50-$2.00 a gallon is more than fair for gasoline. The oil company's still make a lot of money and the consumer doesn't get ripped off.
Oil companies don't sell gas, they sell oil. For the price of gas to be $1.50/gallon the oil companies would have to sell their oil for around $30/barrel, maybe less. Would you sell your home for less than market value? Probably not but lets say this is different and the oil companies should be forced to charge $30/barrel for oil. Are the countries we import 60% of our oil from going to go along with that? I'm guessing no. What about this Jack II discovery that's 250 miles off shore in the gulf? I've heard that the cost to extract this oil will be at least $50/barrel. Should the oil companies be forced to pump oil for a loss?
We go through close to 8 billion barrels of oil per year that produce 42 gallons of refined product each. The profit margin doesn't have to be that great for this to add up to some pretty significant amounts. People feel the need to come up with some villian to blame for the high price of gas. Maybe there's a lot of villians. Look in the mirror, there's one.
Took a trip from central VA to DC yesterday. As you get closer to the VA exurbs west of DC, the prices go down. A Wawa and Exxon close to each other on US Route 29 just south of Gainesville were charging $1.93 for 87, but $2.11 and $2.21 for 89 and 93, respectively.
In Gainesville itself, RaceTrack (offbrand gas) had $1.91 for 87 and $2.01 for 89.
Well $2.00 a gallon seems to work. When gas was $2.50+ a gallon they were making record profits. Should they be forced ?????? Your damn straight !!!! They force me to buy their monopoly and squash all alternative energy sources that have tried to come on-line to compete. If it wasn't for the green folks alternative energy wouldn't be a topic.
I'd impose price caps of $2.00 a gallon and threaten them if they falsely create shortages like in the past the CEO will be forced to resign and will face prison. I'd also threaten any of the Middle Eastern country's that wants to play hard ball that we won't intervene when a whack job wants to invade them.
Problem Solved
I'd have fair gas prices. It only takes a firm hand to get people to take you serious. Perhaps I should be the secretary of energy in 08' :P
In Amarillo, Dumas Tx.......Went to my union meeting and $2.09 was plastered everywhere in Amarillo. I didn't see any $1.92 like my friends claim but of course I didn't travel very far inside Amarillo either.
Again like last week the stations all decided to raise their price 38 cents on Wednesday afternoon in Western Ohio.
Must have been a big increase in barrel price of oil. Strange they don't have fast drops in price llike this when the barrel prices goes DOWN. I recall a forum member criticizing me when I said prices go up and down in regular patterns here in this part of Ohio and it has to be due to control by a single or few companies. When I linked the or posted the graphs showing the almost weekly jumps, they had to become a believer.
"Strange they don't have fast drops in price llike this when the barrel prices goes DOWN."
Odd. When I go to gasbuddy.com for the Dayton area, and generate a chart of Dayton gas prices vs. the price of crude over the last six months, the biggest discrepancies I see are when the retail price of gas fell FASTER than the price of oil.....
I thought about buying gas yesterday morning for $1.85/gal on the way to work. Figured no, we haven't hit the bottom of the latest cycle yet. Guessed wrong, on the way home it was....$2.08/gal.
Wait - do you mean the SAME STATION went up 23 cents in One Day !!???!?!?!?!?!?
That does not seem possible. Surely you jest ?
If they did, now, THAT is "gouging" in the worst way. There is NO WAY his wholesale prices jumped 23 cents in one day. Not possible.
Something is awry...... :confuse:
Actually, according to stlouisgasprices.com, the average price in St. Louis DID JUMP by 10 cents today over yesterday....a 10 cent jump in one day? What????
Is there an oil embargo or shortage I have not heard about?
Cracked the under $2.00 at a local Citgo: $1.97 for 87 but was with wash, $2.07 w/o
My usual spot was @ $2.049 for 87 as was the Speedway. Was shocked to see a local Mobil @ $2.059 yesterday/today. Even by work the price is $2.079 for regular @ the Shell.
Don't need to but am going to fill-up today before the prices rise due to the cold-snap coming this weekend.
>Wait - do you mean the SAME STATION went up 23 cents in One Day !!???!?!?!?!?!?
The one local UDF/Mobile was $1.819 yesterday. By this morning it was $2.099. That's $.38 difference.
Most stations in the area were down to $1.81 and most jumped late yesterday to $2.19 for some unknown reason rather than jumping to $2.05 and $2.31 and $2.16; somehow they mostly picked the same new number... grin.
Already today many are down another whole $.10 to $2.099 and apparently some hotspots may not have risen much at all. I see a report of $1.87 at a BP and others. This is the second price rise in two weeks that didn't seem to take for the whole group to rise to the magical new number and stay there for at least 24 hours... like they usually stay.
Only a cash _flow_ problem for the company would be my guess.
I've left on trips when the prices have just risen and they will be the same all the way to Findlay north and to Lexington going south and Indianapolis heading west for the stations like Speedway and Marathon (same company) and lots of the others, based on signs visible along interstate. (I realize the interstate trail often has slightly higher prices than a short distance off the trail and that the prices are held up along interstate at peak travel intervals.)
A 23 cent jump in one day is hard to explain. But if you look at the two prices $1.85 to $2.08 the price that didn't make sense was the $1.85. Wholesale gas prices are fluctuating between $1.40 and $1.45. The fuel tax in Missouri is 17 cents per gallon, which gets added to the federal tax of 19 cents. When you consider distribution typically runs 10 cents a gallon I'm not sure how a station could sell gas for $1.85 without taking a loss.
Saturday evening and Sunday morning gas prices are down in many areas to $2.09 and others are back even lower to $1.99 and $1.97 in large parts of the region.
It's like the weather. If you don't like the gas prices, just wait a day and they'll change. It is aggravating and definitely doesn't look like market forces moving prices up and down based on supply and demand.
If it wasn't for the green folks alternative energy wouldn't be a topic.
If the so called "Green folks" had their way Rocky, you would be paying $5 per gallon for gas. Just watch the excitement level on this thread when the gas goes up. Not everyone is thrilled with $2 gas. It pretty much kills any incentive to use alternate energy sources.
Oh, and if you want an example of price controls just research the recent attempt to do just that in Hawaii. It ended up costing more for gas than before the cap was put on.
Only $2.65 for 87 Octane in Southern California, Kern County. $2,75 for 89 Octane, $2.85 for 91 Octane.
Well that's at the Shell, Chevron and Texaco stations. Arco is $2.46 per gallon for 87 Octane, $2.56 for 89 Octane and $2.66 for 91 Octane.
I could drive 65 miles over the mountains to Bakersfields, Kern County and pay $2.25 per gallon for 87 Octane. But that would just defeat the savings. So I'll just moan and groan and pay the $.21 or more per gallon when I fill up my 26 gallon tank.
I'm sure I could just do without another meal. After all, I'm the one who bought the Luxury SUV, right? So it's my fault that he service stations are charging $.21 to $.40 more per gallon in the same state & county. Sorry if I inconvenienced anyone because I bought a Chevy Tahoe. The small cars just can't pull my 18' trailer.
I’m doing what I can to save on fuel and get better mpg. I've R&R my plugs and wires with better performance ones. I've replaced the air intake with a better performance K&N 5700 series to get better mpg. I regularly check my tire psi and keep inflated at the correct psi. I drive very slow, according to my 22-year-old daughter, 65 mph in a 70mph zone. I do this to get 2 mpg more. I also make sure that from a stop that I just barely touch the gas pedal and keep the RPM under 2K to get better mpg. I'm even looking at buying some new higher performance coils, but that's an expense of $800.00 or more adding in the labor to R&R all 8 of them. I'm doing my part to save fuel, unfortunately the cost that it is costing me to save this minute amount has absorbed any savings that I created by doing my part. But I can say that I get better mpg than most people do who drive a Tahoe Z71. :confuse:
- I do agree some green whack jobs want $5 dollar gas but I know their is a lot of green folks that don't want to punish consumers but rather would like to see something competitive from the alternative energy industry. I think green folks often get stereo typed and it's not fair. It seems that anyone who wants to see alternative energy they often automatically get labeled something negative because of a few extremist.
Do you have any idea who is making all the money on oil? OPEC basket price is at $50.42 per barrel today. Canada is still getting $54+ per barrel. Canada is our number one supplier. Alternatives have to be able to compete with petroleum to be viable. At this point in history none come very close. You can talk and act green all you like. Until you give up guzzling gas you are not green. There are no magic potions that will allow you to drive a 500 HP vehicle and get 50 MPG. It ain't gonna happen even in your lifetime. For sure not mine.
There are no magic potions that will allow you to drive a 500 HP vehicle and get 50 MPG. It ain't gonna happen even in your lifetime. For sure not mine.
gagrice, I hope you didn't die on me pal because it's already here. :P Tesla Roadster rinjg a bell ? (0-60 4.0) and it runs 250 miles on one charge. I think that exceeds all your stats or is plenty good enough for me and you :P I think the electric car is the answer along with hydrogen.
Without going into a long spill "true price controls" is capping gas prices at a certain "reasonable level" So if the price of crude goes down and if the oil company's want to continue to charge the capped price then so be it. I think $2.00 gas is fair to the consumer and a cap should be implemented. If supply and demand becomes a problem then the government threatens to take it over because the oil cartel is only being greedy with a necessity. You can see the record profit margins to know that. It's awfully funny gas prices haven't shot back up once the democrats won isn't it ????? :P
Did the "supply and demand" all of a sudden go away once the democrats won ????
We tell OPEC we will not help them out with our military and allow somebody like Syria to take them over while we sit back and watch. Like General Wes Clark, says we don't use diplomacy in the middle east. I just used a good form of diplomacy with OPEC to solve a domestic issue here at home.
I am a big fan of electric vehicles. They are still far from a viable alternative to fossil fuel cars. The Tesla is a rich kids toy at best. It is not a practical solution for the rest of us. With the 40 grand difference you can put a lot of gas in a new Escalade. That is enough to drive that gas guzzler a quarter of a million miles. Keep buying the hydrogen hype, that is what uncle sam wants you to do.
Gas in San Diego at the cheapest Costco is $2.24 per gallon.
Order your Tesla today for 2008 delivery $101,825. Not a viable alternative.
Did the "supply and demand" all of a sudden go away once the democrats won ????
CA voted Dem and our prices are still higher than before the election. We have Nancy and the highest gas prices. Lucky us.
The average San Diegan is still paying $2.50 per gallon. It has not slowed anyone down or helped the congestion. You are lucky to be living in an uncongested part of our Country. And you have cheap gas to boot.
Gov. mandated price controls don't work. The best price contol is stiff competition. The only role of government in this picture SHOULD be to ensure that we have honest competition.
"You can see the record profit margins to know that."
Record Profit MARGINS? Do you know what a profit MARGIN is?
Just an FYI: Banks and Drug companies also offer 'necessities'. Their profit MARGINS are substantially higher than the oil/gas industry. Can you tell me what is a 'reasonable' profit margin?
Comments
Why? If I'm charging $50.00 a gallon and I'm next to a service station, with gas, at $2.50 a gallon, how much gas do you think I'll sell? I've only "gouged" when somebody buys my gas. And IF they bought my extravagently priced boutique fuel OF THEIR OWN FREE WILL at $50.00 per gallon, then it's still not "gouging", is it?
Now, if all the stations in an area get together and collude to set prices, then that is against the law. But the law they've broken is a law against collusion and price fixing rather than "gouging" (btw - why is it somehow OK for the government to fix prices but it is not OK for private industry to fix prices? Just curious....)
"They are the only company in this nations history that supply's a critical energy source at record prices while getting government handouts called subsidies"
Then cut the subsidies. Personally, I don't think government should be mucking about with 'subsidies' for any industry (whether it's "big oil" or ethanol or farming or etc etc etc). The problem with subsidies is that then the entire inside-the-Beltway environment is a cesspool of lobbists looking for tax loopholes, subsidies, and various trade protection schemes (like tariffs). Personally, I would be perfectly fine with cutting subsidies (so long as you got rid of ALL of the other BS as well).
BTW - just exactly what subsidies is "Big Oil" getting? Are they true subsidies or are we talking about tax credits? I know that a figure of $20B has been thrown around, but I'm not sure how much credence to give to the source.
"And who is 'raking in the windfall profits' when gas prices vary by over $0.40 just within your metro area?"
The controlling entities of the given outlets. Are you denying windfall profits are being made?
You need to learn more about my "small metro area" before you comment.
Who is paying your meal ticket anyway? You seem to only comment when the amoral current regime is bashed, and when people complain about the oil industry. You're hardly a nonpartisan voice. Something's up.
Chavez is amusing, good for sound bites. I hope he keeps it up, and I wouldn't cry if his plan succeeds. In the long run, the American market won't be his largest concern.
No changes on the gas price front here, no matter the decreases in other locales, lowering input prices, etc.
Knock off all of the personal comments - feel free to exchange e-mail addresses and conspiracy theories.
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We can all agree that you disagree, repeated posting AT each other is accomplishing nothing, time to move on.
Actually the top 1% hold 34% of the wealth in this country. Fairly dramatic but not nearly as compelling as your numbers. Don't ever let facts get in the way of a good story. Are they paying their fair share? Well that's hard to say. The top 1% in terms of wealth are not necessarily the top 1% wage earners but the top 1% in terms of income pay almost 37% of the taxes.
http://www.faculty.fairfield.edu/faculty/hodgson/Courses/so11/stratification/inc- ome&wealth.htm
http://www.taxfoundation.org/taxdata/show/250.html
Chavez is amusing, good for sound bites. I hope he keeps it up, and I wouldn't cry if his plan succeeds. In the long run, the American market won't be his largest concern.
I wouldn't cry either, but I would be very surprised. Everyone else that's tried this has failed and he doesn't inspire me as the exception who can pull it off. Look at the countries he's aligned himself with. Cuba, Iran, N. Korea, and some other South American nations. Not exactly an economic juggernaut in the group. As far as not needing the American consumer, I don't accept that. He can bad mouth us all he wants but its like the drug dealer ridiculing the junkies. Where would he or his social programs be without us?
The top 10% holds something like 70%.
http://answers.google.com/answers/threadview?id=2050
And the bottom 40% holds .2%. What percentage of wealth is held by those income earners? That top 1% that pays 37% almost certainly has a proportional amount of the fruit. So the rich really aren't being victimized as trickle-downers might want to imagine.
There are other markets for Chavez's oil than the US. Especially in the longer term when/if supply problems take place. His little plan will likely not pan out (and lord knows American lives will be risked to help bring it down), but some of his efforts are worth thinking about. He's not perfect, but neither are we.
Chavez does have one distinct advantage that Cuba, Iran, N. Korea, and some other South American nations that he's aligning himself with don't have - boatloads of oil and his country's own chain of gas stations right here in the U.S. He does depend on the U.S. market but in the long run oil is a global resource and if we stopped buying his someone else would pick up the slack. I agree he's an amusing soundbite. Both he and Iran will be way upset if oil prices fall because both have shaky economies that are being kept afloat by oil revenues.
oh, and $2.08 last I looked here at the Jersey shore.
Did you decide to come play in the sandbox with us fezo?
"Chavez does have one distinct advantage that Cuba, Iran, N. Korea, and some other South American nations that he's aligning himself with don't have - boatloads of oil and his country's own chain of gas stations right here in the U.S."
Couldn't have said it better myself.
BTW - my wife filled up the Ody at $1.99 today.
The guys who scoot down to New Orleans and offer to help them rebuild and get some of their cash in hand and just flee. Or the guys who scoot down to NO and offer to help them rebuild and charge about 2 and a half times the going contractor rate for rebuilding their flooded-out homes. Not to mention suddenly mute insurance policies and...ummm...higher premiums for being in the "Dixie" Club.
Did I say that?
Oh, ghastly, ghastly, prices of Willcox, AZ, ghastly. The Mustang ghastly station, where my boy worked unhappily at for a few weeks before high-tailing it back up to the Evergreen State, is the lowest station in town at $2.11/gal for 87 no-lead.
Over.
2021 Kia Soul LX 6-speed stick
Rocky
P.S. the $20 Billion figure is what I've heard also. The bottom line is this country is great because some people can be wrong and I'll leave it at that.
Okay, 7 years ago you reported fuel in the $1.40 range.
Now, after 7 years, you report fuel in the $1.90 range.
Looks like an annual inflation rate of about 4.45% for retail gas. Of course, I think it was trending up back in '00 and it seems to be trending down right now.
Rocky
Oil companies don't sell gas, they sell oil. For the price of gas to be $1.50/gallon the oil companies would have to sell their oil for around $30/barrel, maybe less. Would you sell your home for less than market value? Probably not but lets say this is different and the oil companies should be forced to charge $30/barrel for oil. Are the countries we import 60% of our oil from going to go along with that? I'm guessing no. What about this Jack II discovery that's 250 miles off shore in the gulf? I've heard that the cost to extract this oil will be at least $50/barrel. Should the oil companies be forced to pump oil for a loss?
We go through close to 8 billion barrels of oil per year that produce 42 gallons of refined product each. The profit margin doesn't have to be that great for this to add up to some pretty significant amounts. People feel the need to come up with some villian to blame for the high price of gas. Maybe there's a lot of villians. Look in the mirror, there's one.
In Gainesville itself, RaceTrack (offbrand gas) had $1.91 for 87 and $2.01 for 89.
Still stuck at $2.03 for 87 near home.
In the late 70s, I thought the "right" price for gas should be 50 cents a gallon.
Around 1990, I thought the "right" price should be $1.00 -- it actually dropped well below this in the late 90s.
Heck, when I started living on my own (off campus) in 1975, the price of a gallon of 2% milk was $1.29. Now, skim milk costs $3.39 or so, at best.
How do you define "right?"
I'd impose price caps of $2.00 a gallon and threaten them if they falsely create shortages like in the past the CEO will be forced to resign and will face prison. I'd also threaten any of the Middle Eastern country's that wants to play hard ball that we won't intervene when a whack job wants to invade them.
Problem Solved
I'd have fair gas prices. It only takes a firm hand to get people to take you serious. Perhaps I should be the secretary of energy in 08' :P
Rocky
Rocky
Must have been a big increase in barrel price of oil. Strange they don't have fast drops in price llike this when the barrel prices goes DOWN. I recall a forum member criticizing me when I said prices go up and down in regular patterns here in this part of Ohio and it has to be due to control by a single or few companies. When I linked the or posted the graphs showing the almost weekly jumps, they had to become a believer.
Unbelievable.
2014 Malibu 2LT, 2015 Cruze 2LT,
Odd. When I go to gasbuddy.com for the Dayton area, and generate a chart of Dayton gas prices vs. the price of crude over the last six months, the biggest discrepancies I see are when the retail price of gas fell FASTER than the price of oil.....
That does not seem possible. Surely you jest ?
If they did, now, THAT is "gouging" in the worst way. There is NO WAY his wholesale prices jumped 23 cents in one day. Not possible.
Something is awry...... :confuse:
Actually, according to stlouisgasprices.com, the average price in St. Louis DID JUMP by 10 cents today over yesterday....a 10 cent jump in one day? What????
Is there an oil embargo or shortage I have not heard about?
Someone ought to look into this situation !!!
Cracked the under $2.00 at a local Citgo: $1.97 for 87 but was with wash, $2.07 w/o
My usual spot was @ $2.049 for 87 as was the Speedway. Was shocked to see a local Mobil @ $2.059 yesterday/today. Even by work the price is $2.079 for regular @ the Shell.
Don't need to but am going to fill-up today before the prices rise due to the cold-snap coming this weekend.
The one local UDF/Mobile was $1.819 yesterday. By this morning it was $2.099. That's $.38 difference.
Most stations in the area were down to $1.81 and most jumped late yesterday to $2.19 for some unknown reason rather than jumping to $2.05 and $2.31 and $2.16; somehow they mostly picked the same new number... grin.
Already today many are down another whole $.10 to $2.099 and apparently some hotspots may not have risen much at all. I see a report of $1.87 at a BP and others. This is the second price rise in two weeks that didn't seem to take for the whole group to rise to the magical new number and stay there for at least 24 hours... like they usually stay.
2014 Malibu 2LT, 2015 Cruze 2LT,
Still at $2.25 here in State College and the wife saw $2.19 in Altoona yesterday. No rapid fluctuations lately.
Only a cash _flow_ problem for the company would be my guess.
I've left on trips when the prices have just risen and they will be the same all the way to Findlay north and to Lexington going south and Indianapolis heading west for the stations like Speedway and Marathon (same company) and lots of the others, based on signs visible along interstate. (I realize the interstate trail often has slightly higher prices than a short distance off the trail and that the prices are held up along interstate at peak travel intervals.)
2014 Malibu 2LT, 2015 Cruze 2LT,
And we don't have to worry about those weird zig zags in prices like they do in Dayton!
Rocky
87 - $2.059 - down 8
89 - $2.159 - down 8
91 - $2.219 - down 8
93 - $2.259 - down 8
diesel - $2.299 - unchanged after a dime drop from the week before
kcram - Pickups Host
Must be more supply or less demand or something.
Still a weird increment though.
It's like the weather. If you don't like the gas prices, just wait a day and they'll change. It is aggravating and definitely doesn't look like market forces moving prices up and down based on supply and demand.
2014 Malibu 2LT, 2015 Cruze 2LT,
Rocky
If the so called "Green folks" had their way Rocky, you would be paying $5 per gallon for gas. Just watch the excitement level on this thread when the gas goes up. Not everyone is thrilled with $2 gas. It pretty much kills any incentive to use alternate energy sources.
Oh, and if you want an example of price controls just research the recent attempt to do just that in Hawaii. It ended up costing more for gas than before the cap was put on.
http://abcnews.go.com/US/wireStory?id=1936960&CMP=OTC-RSSFeeds0312
Well that's at the Shell, Chevron and Texaco stations. Arco is $2.46 per gallon for 87 Octane, $2.56 for 89 Octane and $2.66 for 91 Octane.
I could drive 65 miles over the mountains to Bakersfields, Kern County and pay $2.25 per gallon for 87 Octane. But that would just defeat the savings. So I'll just moan and groan and pay the $.21 or more per gallon when I fill up my 26 gallon tank.
I'm sure I could just do without another meal. After all, I'm the one who bought the Luxury SUV, right? So it's my fault that he service stations are charging $.21 to $.40 more per gallon in the same state & county. Sorry if I inconvenienced anyone because I bought a Chevy Tahoe. The small cars just can't pull my 18' trailer.
I’m doing what I can to save on fuel and get better mpg. I've R&R my plugs and wires with better performance ones. I've replaced the air intake with a better performance K&N 5700 series to get better mpg. I regularly check my tire psi and keep inflated at the correct psi. I drive very slow, according to my 22-year-old daughter, 65 mph in a 70mph zone. I do this to get 2 mpg more. I also make sure that from a stop that I just barely touch the gas pedal and keep the RPM under 2K to get better mpg. I'm even looking at buying some new higher performance coils, but that's an expense of $800.00 or more adding in the labor to R&R all 8 of them. I'm doing my part to save fuel, unfortunately the cost that it is costing me to save this minute amount has absorbed any savings that I created by doing my part. But I can say that I get better mpg than most people do who drive a Tahoe Z71. :confuse:
- I do agree some green whack jobs want $5 dollar gas but I know their is a lot of green folks that don't want to punish consumers but rather would like to see something competitive from the alternative energy industry. I think green folks often get stereo typed and it's not fair. It seems that anyone who wants to see alternative energy they often automatically get labeled something negative because of a few extremist.
Rocky
hey rock, the old USSR had some really 'effective' price controls. Of course, supply was a notorious problem.....
Just out of curiousity, what is a "true" price control?
Alternatives have to be able to compete with petroleum to be viable. At this point in history none come very close. You can talk and act green all you like. Until you give up guzzling gas you are not green. There are no magic potions that will allow you to drive a 500 HP vehicle and get 50 MPG. It ain't gonna happen even in your lifetime. For sure not mine.
gagrice, I hope you didn't die on me pal because it's already here. :P Tesla Roadster rinjg a bell ? (0-60 4.0) and it runs 250 miles on one charge.
Rocky
So if the price of crude goes down and if the oil company's want to continue to charge the capped price then so be it. I think $2.00 gas is fair to the consumer and a cap should be implemented. If supply and demand becomes a problem then the government threatens to take it over because the oil cartel is only being greedy with a necessity. You can see the record profit margins to know that. It's awfully funny gas prices haven't shot back up once the democrats won isn't it ????? :P
Did the "supply and demand" all of a sudden go away once the democrats won ????
We tell OPEC we will not help them out with our military and allow somebody like Syria to take them over while we sit back and watch.
Rocky
Gas in San Diego at the cheapest Costco is $2.24 per gallon.
Order your Tesla today for 2008 delivery $101,825. Not a viable alternative.
http://www.teslamotors.com/
CA voted Dem and our prices are still higher than before the election. We have Nancy and the highest gas prices. Lucky us.
The average San Diegan is still paying $2.50 per gallon. It has not slowed anyone down or helped the congestion. You are lucky to be living in an uncongested part of our Country. And you have cheap gas to boot.
"You can see the record profit margins to know that."
Record Profit MARGINS? Do you know what a profit MARGIN is?
Just an FYI: Banks and Drug companies also offer 'necessities'. Their profit MARGINS are substantially higher than the oil/gas industry. Can you tell me what is a 'reasonable' profit margin?