Gas Tops $4 A Gallon - Page 17

jambo101 · 06-05-2008, 12:41 PM

Here's a break down of where the money goes up here in Canada.
Petro-Canada | Understanding Gas Prices

ERD50 · 06-05-2008, 01:17 PM

Quote:

Originally Posted by jambo101

Here's a break down of where the money goes up here in Canada.
Petro-Canada | Understanding Gas Prices

Ahhh, I didn't realize you were talking about Canadian tax rates.

But I still don't understand your point. If Canada lowered taxes from 35% to 6% that would just spur consumption. I'd rather see conservation of a limited resource.

-ERD50

jambo101 · 06-05-2008, 02:27 PM

With the new reality of much higher gas prices a lot of businesses are suffering and some are going under so i guess in some respects it comes down to a trade off between jobs or green spaces.I'm on your side when it comes to green spaces and conservation,i've been changing my lifestyle a bit by getting rid of my Miata that was only used for fun runs and bought a Yaris that i use sparingly and i've finally dug my bicycle out of the basement.

ERD50 · 06-05-2008, 02:53 PM

Quote:

Originally Posted by jambo101

With the new reality of much higher gas prices a lot of businesses are suffering and some are going under so i guess in some respects it comes down to a trade off between jobs or green spaces.

Yes, that's why I think it might have been a good idea for our governments to have been using taxes to raise the floor price slowly and steadily over the past 20 years or so. That would give people time to react and adjust.

Now there is all this talk of people heading towards more fuel eff% cars at $4/gallon - but those SUVs will be on the road another ten years. It's tough to change overnight, but gas prices can change quickly.

The Miata got pretty good mpg, didn't it? At least for a fun car?

-ERD50

jambo101 · 06-05-2008, 04:34 PM

Problem with the Miata is its a one trick pony,anything other than a top down sunny day on a twisty country road and its a rough,cramped,bone jarring little go kart,gas mileage was only in the mid 20's and the insurance for my kids to use it was prohibitively high.,plus the car got stored for 5 months a year due to winter.Basically i only used it to go for 200 mile fun runs on the weekends After 6yrs of ownership the car had become impractical and i found that those fun runs were starting to become a waste of gas as my attitude was becoming more "been there done that"

Wags · 06-06-2008, 06:30 PM

Breitbart. com - Oil's biggest day yet drags down stocks

Oil's biggest day yet drags down stocks

Excerpts from the article

NEW YORK (AP) - Oil prices made their biggest single-day leap ever Friday—clearing $139, dragging the Dow Jones industrials down nearly 400 points and raising the once-unthinkable prospect of $150 oil and even higher gas prices by the Fourth of July.

The meteoric rise of nearly $11 for the day piled atop an increase of almost $5.50 the day before, taking oil futures more than 13 percent higher in just two days, easily a record on the New York Mercantile Exchange.

And those weren't the only stunning numbers of the day: The government also reported the nation's unemployment rate zoomed to 5.5 percent in May, a monthly rise of half a percentage point, the biggest in 22 years.

End of excerpts.

That's a heck of a jump in 2 days. One can only wonder how much higher the price of oil will go.

The unemployment rate also went up.

Not a good sign all the way around.

God Bless Us All

calmloki · 06-06-2008, 10:43 PM

Was in Costco the other day and noticed that cooking oil was $10 for 4 5 liter bottles. Hmm. $2/gallon. Presumably made for profit and without government subsidy. Heard about a California company that will convert a diesel to run on veg oil for a couple hundred dollars. Was very surprised by the price on the cooking oil. Made me think there might be an economical way for us all to keep driving, though it might mean our highways start smelling like McDonald's frenchfries.

Surfdaddy · 06-06-2008, 10:58 PM

In the last week here in SoCal (a relatively high priced gas area) the cheapest self-serves have gone from 3.99/gal to about 4.29. I've event seen 4.45 as the Regular price at one station. And that's before today's big oil price runup to $139.

Leonardo · 06-07-2008, 12:00 AM

Run to the hills!!!

RetiredGypsy · 06-07-2008, 12:25 AM

$4.39 a gallon for Regular here in sunny San Diego. If I only worked two or three days a week, I wouldn't mind at all taking a bicycle on a 48 mile round trip commute. However, even at these prices I'm only using about 6.8-7.5% of my take home pay to get to work and back. I imagine most people are spending considerably more.

lazygood4nothinbum · 06-07-2008, 01:04 AM

haven't paid $4/gal yet but its getting close. paid $3.99 the other day. and just paid $3.98 tonight going over $50 for a fill up for my first time.

an old roommate i was drinking with noted that he paid over $50 this week to fill up his mini cooper.

i was paying in the 3.80s in tampa over the weekend. how odd to pay $3.85 for a gallon of gas and to think i was getting off cheap.

Trek · 06-07-2008, 01:21 AM

Friend in WA state just said he paid $4.49 last night is his town near Olympia.

chinaco · 06-07-2008, 02:03 AM

Since consumption is up and prices are up and oil companies are making record profits... You draw the conclusion.

Obviously if they purchase the oil future contracts months back (at a lower cost)... and the the sales price of gasoline partially reflects the current price of oil... they reap a profit base on the current price of oil. However, if the price of oil drops for an extended period... we will see of the price of gas goes down as quickly.

newguy88 · 06-07-2008, 04:49 AM

Quote:

Originally Posted by chinaco

Since consumption is up and prices are up and oil companies are making record profits... You draw the conclusion.

Obviously if they purchase the oil future contracts months back (at a lower cost)... and the the sales price of gasoline partially reflects the current price of oil... they reap a profit base on the current price of oil. However, if the price of oil drops for an extended period... we will see of the price of gas goes down as quickly.

But consumption is not up right now in fact gasoline is down here in the USA.

Nothing is different today than a few months ago. No reason for 17 dollar rise in crude prices Friday. We have no leadership, prices will take this country down faster than any terrorist attack. The country cannot absorb 10 a gallon gasoline and diesel fuel. I do believe an attack on Iran is close at hand sometime this summer. Prices of crude are getting to the point that if the fear of an attack is driving crude prices getting the attack on these fools such attack would take that fear price out of the equation, since our military and the Israeli army would do the job that maybe needed from a country that continues to state it wants to destroy Israel.

Interesting times. I have a bad feeling in my gut.

chinaco · 06-07-2008, 05:30 AM

Quote:

Originally Posted by Thisissogreat

But consumption is not up right now in fact gasoline is down here in the USA.

Oil consumption world wide.

Texas Proud · 06-07-2008, 10:24 AM

Quote:

Originally Posted by Thisissogreat

But consumption is not up right now in fact gasoline is down here in the USA.

Nothing is different today than a few months ago. No reason for 17 dollar rise in crude prices Friday. We have no leadership, prices will take this country down faster than any terrorist attack. The country cannot absorb 10 a gallon gasoline and diesel fuel. I do believe an attack on Iran is close at hand sometime this summer. Prices of crude are getting to the point that if the fear of an attack is driving crude prices getting the attack on these fools such attack would take that fear price out of the equation, since our military and the Israeli army would do the job that maybe needed from a country that continues to state it wants to destroy Israel.

Interesting times. I have a bad feeling in my gut.

Sorry to say... but you think the government can 'fix' this problem

Oil prices are going up because of the normal market forces... more demand than supply....

Even if 'they' did something... it would take YEARS or DECADES before it would make a dent in our energy consumption.... oil prices are not about to go down because Congress or the Prez does or says anything any time soon.... we will live with what we have right now for a long time to come...

calmloki · 06-07-2008, 11:48 AM

Gasoline and Diesel Fuel Update

So using ERD50's handy graphic in the above - if i can go to Costco and pay a bit under $2/gallon for veg oil - why aren't we burning it as fuel? That $2 is for veg oil that has been grown, harvested, refined, bottled, transported to the store, sold by a clerk - only thing missing is taxes of 11% and a veg oil burning car. Seems like paying our farmers and boosting our agrarian capacity would be a good thing.

Used veg oil theft is going up: http://www.tampabay.com/news/environ...icle611318.ece
"Restaurant grease can be turned into biodiesel fuel, which produces far less air pollution than regular diesel. It has slowly gained in popularity as an alternative fuel for powering trucks, farm equipment, boats, anything with a diesel engine. Pinellas County's dump trucks burn biodiesel, as do fire trucks on Sanibel Island and military vehicles at Eglin Air Force Base in the Panhandle.
Griffin Industries has been handling restaurant grease for decades, filtering it to make "yellow grease," the basic ingredient for biodiesel.
In the past year, the price of yellow grease has climbed from just over $2 a gallon to nearly $3.50 a gallon in the Southeast, according to the Jacobsen, a Chicago agency that tracks renewable fuels".
No idea why used and filtered "yellow grease" would be more expensive than Costco's unused product. Maybe the chicken fat and fish scales are value added.

Wags · 06-07-2008, 03:47 PM

NY Times - Job Losses and Oil Surge Spread Economic Gloom

http://www.nytimes.com/2008/06/07/bu...nt&oref=slogin

Excerpts from the article

Investors’ recent hopes that the United States might yet skirt a recession sank swiftly in the face of gloomy indications that the economy is gripped by a slowdown and pressured by record fuel prices.

For tens of millions of Americans struggling to pay bills, the jobs report added an official stamp of authority to a dispiriting reality they already know: A deteriorating labor market is eliminating paychecks just as they are needed to compensate for the soaring cost of food and fuel, and as the fall in house prices hacks away at household wealth and access to credit.

End of excerpts.

It appears that record fuel prices are not helping things any as they pertain to jobs, the stock market, inflation, high food prices, and the common folks ability to have a fair standard of living.

Does anybody see a recession in our future?

God Bless Us All

DallasGuy · 06-07-2008, 05:21 PM

Quote:

Originally Posted by Texas Proud

Sorry to say... but you think the government can 'fix' this problem

Oil prices are going up because of the normal market forces... more demand than supply....

Only part of the oil price rise is due to normal supply and demand. A good portion of it is due to market manipulation...and Bush or the congress isn't doing anything about it:

ICE, ICE, Baby | Ed Wallace | Star-Telegram.com

ICE, ICE, Baby, conclusion | Ed Wallace | Star-Telegram.com

newguy88 · 06-07-2008, 08:48 PM

Quote:

Originally Posted by DallasGuy

Only part of the oil price rise is due to normal supply and demand. A good portion of it is due to market manipulation...and Bush or the congress isn't doing anything about it:

06-05-2008, 12:41 PM	#321
jambo101 Recycles dryer sheets Join Date: Oct 2007 Location: Montreal Posts: 436	Here's a break down of where the money goes up here in Canada. Petro-Canada \| Understanding Gas Prices __________________ "Second star to the right and straight on till morning"

06-05-2008, 02:27 PM	#323
jambo101 Recycles dryer sheets Join Date: Oct 2007 Location: Montreal Posts: 436	With the new reality of much higher gas prices a lot of businesses are suffering and some are going under so i guess in some respects it comes down to a trade off between jobs or green spaces.I'm on your side when it comes to green spaces and conservation,i've been changing my lifestyle a bit by getting rid of my Miata that was only used for fun runs and bought a Yaris that i use sparingly and i've finally dug my bicycle out of the basement. __________________ "Second star to the right and straight on till morning"

06-05-2008, 04:34 PM	#325
jambo101 Recycles dryer sheets Join Date: Oct 2007 Location: Montreal Posts: 436	Problem with the Miata is its a one trick pony,anything other than a top down sunny day on a twisty country road and its a rough,cramped,bone jarring little go kart,gas mileage was only in the mid 20's and the insurance for my kids to use it was prohibitively high.,plus the car got stored for 5 months a year due to winter.Basically i only used it to go for 200 mile fun runs on the weekends After 6yrs of ownership the car had become impractical and i found that those fun runs were starting to become a waste of gas as my attitude was becoming more "been there done that" __________________ "Second star to the right and straight on till morning"

06-06-2008, 06:30 PM	#326
Wags Full time employment: Posting here. Join Date: Aug 2007 Posts: 961	Breitbart. com - *Oil's biggest day yet drags down stocks* Oil's biggest day yet drags down stocks Excerpts from the article NEW YORK (AP) - Oil prices made their biggest single-day leap ever Friday—clearing $139, dragging the Dow Jones industrials down nearly 400 points and raising the once-unthinkable prospect of $150 oil and even higher gas prices by the Fourth of July. The meteoric rise of nearly $11 for the day piled atop an increase of almost $5.50 the day before, taking oil futures more than 13 percent higher in just two days, easily a record on the New York Mercantile Exchange. And those weren't the only stunning numbers of the day: The government also reported the nation's unemployment rate zoomed to 5.5 percent in May, a monthly rise of half a percentage point, the biggest in 22 years. End of excerpts. That's a heck of a jump in 2 days. One can only wonder how much higher the price of oil will go. The unemployment rate also went up. Not a good sign all the way around. God Bless Us All __________________ *War is a poor chisel to carve out tomorrow. -* *Martin Luther King Jr.* Seek peace, and pursue it. - Psalms 34:14 Be kind to unkind people - they need it the most - by Ashleigh Brilliant. Last edited by Wags; 06-06-2008 at 06:41 PM.

06-07-2008, 01:04 AM	#331
lazygood4nothinbum Thinks s/he gets paid by the post Join Date: Feb 2006 Posts: 3,359	haven't paid $4/gal yet but its getting close. paid $3.99 the other day. and just paid $3.98 tonight going over $50 for a fill up for my first time. an old roommate i was drinking with noted that he paid over $50 this week to fill up his mini cooper. i was paying in the 3.80s in tampa over the weekend. how odd to pay $3.85 for a gallon of gas and to think i was getting off cheap. __________________ "life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901

06-06-2008, 10:43 PM	#327
calmloki Thinks s/he gets paid by the post Join Date: Jan 2007 Location: Independence Posts: 1,230	Was in Costco the other day and noticed that cooking oil was $10 for 4 5 liter bottles. Hmm. $2/gallon. Presumably made for profit and without government subsidy. Heard about a California company that will convert a diesel to run on veg oil for a couple hundred dollars. Was very surprised by the price on the cooking oil. Made me think there might be an economical way for us all to keep driving, though it might mean our highways start smelling like McDonald's frenchfries.

06-06-2008, 10:58 PM	#328
Surfdaddy Recycles dryer sheets Join Date: Mar 2006 Posts: 90	In the last week here in SoCal (a relatively high priced gas area) the cheapest self-serves have gone from 3.99/gal to about 4.29. I've event seen 4.45 as the Regular price at one station. And that's before today's big oil price runup to $139.

06-07-2008, 12:00 AM	#329
Leonardo Recycles dryer sheets Join Date: Jan 2006 Posts: 52	Run to the hills!!!

06-07-2008, 12:25 AM	#330
RetiredGypsy Recycles dryer sheets Join Date: Mar 2008 Location: Sandy Eggo Posts: 232	$4.39 a gallon for Regular here in sunny San Diego. If I only worked two or three days a week, I wouldn't mind at all taking a bicycle on a 48 mile round trip commute. However, even at these prices I'm only using about 6.8-7.5% of my take home pay to get to work and back. I imagine most people are spending considerably more.

06-07-2008, 01:21 AM	#332
Trek Full time employment: Posting here. Join Date: Dec 2006 Location: Tallinn Posts: 532	Friend in WA state just said he paid $4.49 last night is his town near Olympia. __________________

06-07-2008, 02:03 AM	#333
chinaco Thinks s/he gets paid by the post Join Date: Feb 2007 Posts: 2,456	Since consumption is up and prices are up and oil companies are making record profits... You draw the conclusion. Obviously if they purchase the oil future contracts months back (at a lower cost)... and the the sales price of gasoline partially reflects the current price of oil... they reap a profit base on the current price of oil. However, if the price of oil drops for an extended period... we will see of the price of gas goes down as quickly. __________________ Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.

06-07-2008, 11:48 AM	#337
calmloki Thinks s/he gets paid by the post Join Date: Jan 2007 Location: Independence Posts: 1,230	Gasoline and Diesel Fuel Update So using ERD50's handy graphic in the above - if i can go to Costco and pay a bit under $2/gallon for veg oil - why aren't we burning it as fuel? That $2 is for veg oil that has been grown, harvested, refined, bottled, transported to the store, sold by a clerk - only thing missing is taxes of 11% and a veg oil burning car. Seems like paying our farmers and boosting our agrarian capacity would be a good thing. Used veg oil theft is going up: http://www.tampabay.com/news/environ...icle611318.ece "Restaurant grease can be turned into biodiesel fuel, which produces far less air pollution than regular diesel. It has slowly gained in popularity as an alternative fuel for powering trucks, farm equipment, boats, anything with a diesel engine. Pinellas County's dump trucks burn biodiesel, as do fire trucks on Sanibel Island and military vehicles at Eglin Air Force Base in the Panhandle. Griffin Industries has been handling restaurant grease for decades, filtering it to make "yellow grease," the basic ingredient for biodiesel. In the past year, the price of yellow grease has climbed from just over $2 a gallon to nearly $3.50 a gallon in the Southeast, according to the Jacobsen, a Chicago agency that tracks renewable fuels". No idea why used and filtered "yellow grease" would be more expensive than Costco's unused product. Maybe the chicken fat and fish scales are value added. Last edited by calmloki; 06-07-2008 at 12:17 PM.

06-07-2008, 03:47 PM	#338
Wags Full time employment: Posting here. Join Date: Aug 2007 Posts: 961	NY Times - *Job Losses and Oil Surge Spread Economic Gloom* http://www.nytimes.com/2008/06/07/bu...nt&oref=slogin Excerpts from the article Investors’ recent hopes that the United States might yet skirt a recession sank swiftly in the face of gloomy indications that the economy is gripped by a slowdown and pressured by record fuel prices. For tens of millions of Americans struggling to pay bills, the jobs report added an official stamp of authority to a dispiriting reality they already know: A deteriorating labor market is eliminating paychecks just as they are needed to compensate for the soaring cost of food and fuel, and as the fall in house prices hacks away at household wealth and access to credit. End of excerpts. It appears that record fuel prices are not helping things any as they pertain to jobs, the stock market, inflation, high food prices, and the common folks ability to have a fair standard of living. Does anybody see a recession in our future? God Bless Us All __________________ *War is a poor chisel to carve out tomorrow. -* *Martin Luther King Jr.* Seek peace, and pursue it. - Psalms 34:14 Be kind to unkind people - they need it the most - by Ashleigh Brilliant.