Fuel Prices

[buckshot]

After reading this:

http://www.ft.com/cms/s/d3a5a9ea-efd3-11dc-8a17-0000779fd2ac,dwp_uuid=f2b40164-cfea-11dc-9309-0000779fd2ac.html

I was woundering how gas prices now are the same they were last may yet a barrel of oil is 2x the price. :dunno:

What really controls the price of fuel at the pump? And how is diesel more expensive than premium fuel? And the states that diesel is most expensive (Ny, Pa, and Ca) are the shipping hubs of the United States.

I feel like im being fucked with bc none of that makes any sense. But at least a few people are prospering right? I know its not the small business owner or anyone in middle class america.

[daaarn]

really? around here, gas last May was still lower than it is now by at least $0.50

[Yop]

we're up to 3.30 or so for regular 87 unleaded in the orlando area and on the news they were talking about 3.40 and 3.50 being possible, shit sucks but I guess with the price going up what can we do?

[Nitroholic]

diesel is way too expensive

[Bent]

Might shop around for a little beater if it tops $4 in the Midwest.

[More&Faster]

diesel prices are out of control. i was paying over $4 this weekend and saw it as high as $4.49 :eek4:

my moderate theory for why this is is that it relates to the elasticity of the gasoline demand compared to the diesel demand. as prices go up, people drive less, but trucks still have to make deliveries. i dont think this really accounts for such a big price gap though. my mom seems to think it has to do with politics....by pressuring trucking companies and basically any company that ships products, they're able to mobilize lobbyists to enact laws that are favorable to them....(i have no examples of this but the principle seems plausible) :dunno: also, pressuring the driving public with high prices will lead them to reduce their consumption and they'll buy less gas whereas pressuring the diesel burners will have no such effect.

[Kinks]

What really controls the price of fuel at the pump?

Terrorists!

Supply and demand, basically. Oil output isn't increasing as fast as demand so the price creeps up.

[Hops]

Prices around here are pushing $3.75+...and diesel is just out of control, was at $4.20 the other day

[shopkeeper]

I saw $4.83 for diesel over the weekend.

[killafornia]

4.20 for 87 and 5.01 for diesel in LA

[saiaba]

Bought premium 93 oct last night 3.47 38$ to fill my little civic:eek3:

edit in Richmond, Va

[Hellcouldbworse]

Gas prices increase the second the news of an increasing oil price per barrel does. The price doesn't come down nearly as fast as it goes up. Kind of odd eh?

[Apollo]

>> POSTED WITH APOLLO POSTER <<
>> Post as Apollo (http://128.61.63.121/apollopost.php?tid=8523) | Change Apollo's av (http://128.61.63.121/changeav.php) <<
>> MTk1LjE4OS4xNDIuMTM1 <<

-case

[jjski78]

Terrorists!

Supply and demand, basically. Oil output isn't increasing as fast as demand so the price creeps up.


Unfortunately no. Supply and demand have very little to do with the recent gouging of oil prices. The failing dollar is the main culprit for the oil prices. As the dollar falls, investors scramble to buy up commodities such as oil and gold to protect their wealth. The more oil they buy up, the higher they ratchet the prices per barrel. Now, should gas prices be soaring as high as they are? I look at this from both a consumer's standpoint, and also I try to look at it from a business standpoint. All I can say is, making over $10Billion in profit per quarter makes it pretty hard to justify the gas prices at the pumps. People might not detest the oil companies so much if they dropped prices and earned a more modest 5 Billion profit per quarter.

[Fred Smulavich]

Bought premium 93 oct last night 3.47 38$ to fill my little civic:eek3:

edit in Richmond, Va

RVA crew :wavey:

[jjski78]

Bought premium 93 oct last night 3.47 38$ to fill my little civic:eek3:

edit in Richmond, Va

Why are you wasting money putting 93 in a Civic?? You got a turbo?

[Bent]

Unfortunately no. Supply and demand have very little to do with the recent gouging of oil prices. The failing dollar is the main culprit for the oil prices. As the dollar falls, investors scramble to buy up commodities such as oil and gold to protect their wealth. The more oil they buy up, the higher they ratchet the prices per barrel. Now, should gas prices be soaring as high as they are? I look at this from both a consumer's standpoint, and also I try to look at it from a business standpoint. All I can say is, making over $10Billion in profit per quarter makes it pretty hard to justify the gas prices at the pumps. People might not detest the oil companies so much if they dropped prices and earned a more modest 5 Billion profit per quarter.
As little as they make "per gallon", it wouldn't make a dent. Profit is only 10-11% per gallon, IIRC. :dunno:

If the politicians were really concerned about the economic strain of high fuel prices, they would reduce or rescind fuel taxes temporarily, to give truckers, etc a chance to make a little profit, and give the consumers a little breathing room.

Taxes take a much bigger bite than profits.

[jjski78]

As little as they make "per gallon", it wouldn't make a dent. Profit is only 10-11% per gallon, IIRC. :dunno:

If the politicians were really concerned about the economic strain of high fuel prices, they would reduce or rescind fuel taxes temporarily, to give truckers, etc a chance to make a little profit, and give the consumers a little breathing room.

Taxes take a much bigger bite than profits.

You recall correctly. But that profit is what the gas station owners make, not what the oil company makes. The station owners make pennies per gallon, they rely mostly on cigarettes and snacks and car washes for their profits. I may be wrong though. And McCain has proposed eliminating the gas tax temporarily to ease the strain at the pumps, and has been ridiculed for it. Another big chunk is state taxes. Some states have as much as 50 cents per gallon for a tax on fuel. That's just fucking ludicrous. If you eliminated the state and federal taxes you would see almost a dollar drop on gas and diesel prices.

[ALTIERI11]

bought gas 3 days ago for 3.23 (87) diesel is crazy here at 4.48.

Sucks this country is back boned by the shipping industry. but what can you do, they got us by the balls

[NickS]

Filling the 22.5-gallon tank of a Ford Explorer sports-utility vehicle now costs close to $73 (€48, £36), compared with $25-$30 in the late 1990s when SUVs were in their heyday.

My dad experienced this today. 2002 Explorer, calculated 17MPG. $65 to filler up from a little less than 1/4 tank.

[Bent]

You recall correctly. But that profit is what the gas station owners make, not what the oil company makes. The station owners make pennies per gallon, they rely mostly on cigarettes and snacks and car washes for their profits. I may be wrong though. And McCain has proposed eliminating the gas tax temporarily to ease the strain at the pumps, and has been ridiculed for it. Another big chunk is state taxes. Some states have as much as 50 cents per gallon for a tax on fuel. That's just fucking ludicrous. If you eliminated the state and federal taxes you would see almost a dollar drop on gas and diesel prices.No, I believe that is the oil company's cut.

If they cut their margin in half, it might amount to a quarter a gallon, depending on prices in your area.

Rescinding state & federal fuel taxes would drop prices much more.


http://en.wikipedia.org/wiki/Gasoline_tax#United_States_of_America

[dethfat]

After reading this:

http://www.ft.com/cms/s/d3a5a9ea-efd3-11dc-8a17-0000779fd2ac,dwp_uuid=f2b40164-cfea-11dc-9309-0000779fd2ac.html

I was woundering how gas prices now are the same they were last may yet a barrel of oil is 2x the price. :dunno:

What really controls the price of fuel at the pump? And how is diesel more expensive than premium fuel? And the states that diesel is most expensive (Ny, Pa, and Ca) are the shipping hubs of the United States.

I feel like im being fucked with bc none of that makes any sense. But at least a few people are prospering right? I know its not the small business owner or anyone in middle class america.fucking werd. this countries ecomony is going to absolute shit and none of political fucks are doing anything about it seems like.

[perfectgetaway]

definatly hurts those of us running 93' haha

[kackel champion]

diesel here is over $4.50 a gallon with 87 octane at $3.55

[ryder]

most of our pollitions are in oil in one way, or another why would they want to bring gas pricess down their making a killing!!!!!

[Col Forbin68]

Gas prices increase the second the news of an increasing oil price per barrel does. The price doesn't come down nearly as fast as it goes up. Kind of odd eh?

Actually, there's a lag between gas prices and oil barrel prices, which is why oil barrel's have crested at the moment, but prices are still going to go up over the next month or so. Also, gas station profits on gas sales are usually in the 3-5% range, and occasionally we will sell at a loss if we're matching competition, so direct your rage to the oil companies controlling their output and the government for allowing it and continually failing to adequately pressure the automobile industry into increasing mileage or converting to alternative fuels. If we spent as much money developing and producing hydrogen vehicles/parts/infrastructure as we do internal combustion, we could be running on hyrdogen in five years for essentially the same cost to the consumer as they're currently paying.

FUCK AYATOLLAH BUSH AND HIS CRONIES!!!

[Jesus Christ]

The price is fixed over here. Has been for the last 2 or 3 years. It's at $1.50. :hsugh:

[NPH]

cheapest shit around here is $3.51 .. It's a big fucking rape job from these oil companies and their record breaking profits each year.

[6SpeedTA95]

After reading this:

http://www.ft.com/cms/s/d3a5a9ea-efd3-11dc-8a17-0000779fd2ac,dwp_uuid=f2b40164-cfea-11dc-9309-0000779fd2ac.html

I was woundering how gas prices now are the same they were last may yet a barrel of oil is 2x the price. :dunno:

What really controls the price of fuel at the pump? And how is diesel more expensive than premium fuel? And the states that diesel is most expensive (Ny, Pa, and Ca) are the shipping hubs of the United States.

I feel like im being fucked with bc none of that makes any sense. But at least a few people are prospering right? I know its not the small business owner or anyone in middle class america.
gas is a LOT more expensive here than it was last year, not sure where you're getting your numbers...

For the US the average is up 64 cents compared with last year. Last year there were some refining issues that kept prices elevated. This year prices have stayed supressed due to decreased gasoline demand and excess refining capacity. In order to sell their processed fuels, prices have had to stay lower than they otherwise would be (which should be around 4/gallon average for the US). Diesel is up because of increasing bio requirements that must go into the fuel. These additives the government now requires are driving up the price.

[6SpeedTA95]

Actually, there's a lag between gas prices and oil barrel prices, which is why oil barrel's have crested at the moment, but prices are still going to go up over the next month or so. Also, gas station profits on gas sales are usually in the 3-5% range, and occasionally we will sell at a loss if we're matching competition, so direct your rage to the oil companies controlling their output and the government for allowing it and continually failing to adequately pressure the automobile industry into increasing mileage or converting to alternative fuels. If we spent as much money developing and producing hydrogen vehicles/parts/infrastructure as we do internal combustion, we could be running on hyrdogen in five years for essentially the same cost to the consumer as they're currently paying.

FUCK AYATOLLAH BUSH AND HIS CRONIES!!!
:rofl:

You think oil companies control the price of their product? Do some more reading.

[6SpeedTA95]

fucking werd. this countries ecomony is going to absolute shit and none of political fucks are doing anything about it seems like.
Government is the problem not the solution.

[illectronic]

Check out these charts: http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_history.html

From the 90's until 2003 prices went up at a constant rate. Starting 2003 prices went up at around 8 times the rate per year that it did before. Supply is steady, and demand has actually gone down slightly. To say that their is no market manipulation here and that it's all following classic economics is retarded.

[6SpeedTA95]

Check out these charts: http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_history.html

From the 90's until 2003 prices went up at a constant rate. Starting 2003 prices went up at around 8 times the rate per year that it did before. Supply is steady, and demand has actually gone down slightly. To say that their is no market manipulation here and that it's all following classic economics is retarded.
:ugh: overall demand is up in the US since 2000 and up a lot since 1990, in fact demand is up 4 MILLION barrels per day since 1990 just in the US.
http://media3.washingtonpost.com/wp-dyn/content/graphic/2006/02/16/GR2006021600137.gif

Also oil is a WORLD commodity so lets look at world demand shall we? Or would you prefer to continue ignoring facts?

World oil consumption is up 15 million barrels per DAY from 1990....

http://www.theglobaleducationproject.org/earth/images/final-images/o-world-oil-consumption-by-.gif

Oil prices were artificially low throughout most of the 1990s, now they're artificially high thanks to greatly increased demand, instability in major oil producing nations, and a dollar that has been falling steadily. Couple those factors with the investors looking to move to something other than real estate and mainstream stocks and you have a flock to commodities which just like in the 1990s created artificially low prices (because the opposite happened) now its creating a bit of a bubble. Prices should be back to 60 to 80/bbl once things stabalize and this exuberance in commodities settles down.

[Samson]

A lot of good information in these posts.

Remember that the US could be SURROUNDED with OIL, but the bottleneck, the lack of refining capacity, would continue to cause problems with supply of GASOLINE AND DEISEL.

Does anyone know when the last US refinery was built?

Most of them that I enter were built before 1940. One of the largest, ExxonMobil Baton Rouge, still has some parts with swastikas because they were salvaged from pre WWII Germany.

You want cheaper gas and deisel? Try convincing all the tree huggers in your backyard to waive the 20 year long EPA Environmental Impact Study for a new refinery.

[jjski78]

A lot of good information in these posts.

Remember that the US could be SURROUNDED with OIL, but the bottleneck, the lack of refining capacity, would continue to cause problems with supply of GASOLINE AND DEISEL.

Does anyone know when the last US refinery was built?

Most of them that I enter were built before 1940. One of the largest, ExxonMobil Baton Rouge, still has some parts with swastikas because they were salvaged from pre WWII Germany.

You want cheaper gas and deisel? Try convincing all the tree huggers in your backyard to waive the 20 year long EPA Environmental Impact Study for a new refinery.

Fuckin werd brotha. iirc the last time a refinery was built in the US was in the 70's. That's a whole lot of time gone by to not increase refining capacity. On the other hand, we could also tell the tree-huggers to get bent, drill Alaska and the Dakotas, allow more of-shore drilling, and give OPEC a collective fuck you and refuse to export any of our oil, not list our oil on the futures market, and actually let supply/demand decide our prices.

[illectronic]

Fuckin werd brotha. iirc the last time a refinery was built in the US was in the 70's. That's a whole lot of time gone by to not increase refining capacity. On the other hand, we could also tell the tree-huggers to get bent, drill Alaska and the Dakotas, allow more of-shore drilling, and give OPEC a collective fuck you and refuse to export any of our oil, not list our oil on the futures market, and actually let supply/demand decide our prices.

Although I do agree for this as a short term solution, it still doesn't solve the long term issue.

[jjski78]

Although I do agree for this as a short term solution, it still doesn't solve the long term issue.

True, but it will at least buy us some time to come up with a real workable long term solution.

[kackel champion]

diesel here is over $4.50 a gallon with 87 octane at $3.55

10 cent rise in each since that last post a week ago

[trev ftw]

Actually, there's a lag between gas prices and oil barrel prices, which is why oil barrel's have crested at the moment, but prices are still going to go up over the next month or so. Also, gas station profits on gas sales are usually in the 3-5% range, and occasionally we will sell at a loss if we're matching competition, so direct your rage to the oil companies controlling their output and the government for allowing it and continually failing to adequately pressure the automobile industry into increasing mileage or converting to alternative fuels. If we spent as much money developing and producing hydrogen vehicles/parts/infrastructure as we do internal combustion, we could be running on hyrdogen in five years for essentially the same cost to the consumer as they're currently paying.

FUCK AYATOLLAH BUSH AND HIS CRONIES!!!

You've got that backwards. The government controls their output by not allowing more refineries to be built; not vice versa. Oil companies would love to pump out more oil, much faster. That's more product always on the market.

[trev ftw]

:rofl:

You think oil companies control the price of their product? Do some more reading.

:werd:

[Bent]

You've got that backwards. The government controls their output by not allowing more refineries to be built; not vice versa. Oil companies would love to pump out more oil, much faster. That's more product always on the market.:werd:

[Werm]

It's effecting my job... our vendors want more money or straight out refusing to do work for us. They claim other companies are paying them more but I doubt it.

[Werm]

You've got that backwards. The government controls their output by not allowing more refineries to be built; not vice versa. Oil companies would love to pump out more oil, much faster. That's more product always on the market.

Who's pockets get fat from this? :ugh:

[trev ftw]

Who's pockets get fat from this? :ugh:

The government's pockets do.

And the environmentalists get to say "lol that guy listened to us!".


Kind of a stupid question, bro.

[Werm]

The government's pockets do.

And the environmentalists get to say "lol that guy listened to us!".


Kind of a stupid question, bro.

So you don't think by regulating the amount of oil and increasing demand doesn't line the oil tycoons pockets?

[trev ftw]

So you don't think by regulating the amount of oil and increasing demand doesn't line the oil tycoons pockets?

You do realize there's an active lobby by oil companies to allow for the building of more refineries, right? :hsugh:

[king]

I paid 5.30 a gal (Premium) to fill up earlier... it doesn't really bother me... been paying it for months. Fucking Canada :(

[DXB]

basically, the oil part is a fraction of the cost you pay to fill up your tank, so when that doubles, the price you pay nowhere near doubles.

they stay low as companies will sacrifice some of their profit to keep in with their competitors, or they'll raise their price very slightly and try to find other ways of cutting their overhead costs.

[trev ftw]

basically, the oil part is a fraction of the cost you pay to fill up your tank, so when that doubles, the price you pay nowhere near doubles.

they stay low as companies will sacrifice some of their profit to keep in with their competitors, or they'll raise their price very slightly and try to find other ways of cutting their overhead costs.

:werd:

i figured it up per gallon the other day @ $100/barrel. it was something like 1.81. too lazy to do the simple math at the moment.

but then they've gotta put it on a ship, pay tariffs into the US, pay THEIR taxes, pay employees, pay for transit from port to refinery, refine, pay for transit from refinery to pump.

but oil companies are evil. :hsugh:

[JiveTurky]

$4.23 here for regular 87 octane.

[saiaba]

$4.23 here for regular 87 octane. wow that sounds like fail.

[Pink Bunny]

Over her in FL we're paying 3.98 for regular 87 and WAY too much for diesel! It takes me twice the money to fill up my car now than it did last year =[

[Nitroholic]

$5.50 a gallon for diesel... srsly wtf :ugh:

[Gangrel]

Almost $4 here.

Somewhat offtopic... Does anyone drive a Prius? Does it really make a difference fuelwise? -Is thinking about getting one-

[shopkeeper]

:werd:

i figured it up per gallon the other day @ $100/barrel. it was something like 1.81. too lazy to do the simple math at the moment.

but then they've gotta put it on a ship, pay tariffs into the US, pay THEIR taxes, pay employees, pay for transit from port to refinery, refine, pay for transit from refinery to pump.

but oil companies are evil. :hsugh:

Ok? Cut their 41 billion profits in half with half the price and their still making 20 BILLION DOLLARS PROFIT. That's still a shitton of money.

[Nitroholic]

Almost $4 here.

Somewhat offtopic... Does anyone drive a Prius? Does it really make a difference fuelwise? -Is thinking about getting one-

spend 10k on a diesel jetta or golf instead. More power than a gay prius and will get 55mpg on the highway.

[YouDontKnowJack]

:werd:

i figured it up per gallon the other day @ $100/barrel. it was something like 1.81. too lazy to do the simple math at the moment.

but then they've gotta put it on a ship, pay tariffs into the US, pay THEIR taxes, pay employees, pay for transit from port to refinery, refine, pay for transit from refinery to pump.

but oil companies are evil. :hsugh:


Uhh.. :ugh: too much BS in this post.. bs overload.

What consumers pay at the pump actually has very little to do with the shipping costs, or any overhead costs of the oil companies.

Oil prices and subsequently gasoline prices are NOT DETERMINED BY SUPPLY AND DEMAND as oil companies claim.

They are driven by the futures market.

DEMAND HAS ACTUALLY DECREASED, WHILE SUPPLY HAS REMAINED STEADY.

So what you pay at the pump has LITTLE to do with the supply, or overhead costs, or any of that bullshit. Futures are basically bets on where the price will go. Its all a big numbers game.

Oil companies actually have their own traders on those futures markets helping to drive the prices up. Of course this will be the hardest thing to prove, but there is no doubt that this is the core of their ongoing scheme. So inherently, YES THEY ARE EVIL.

They have managed to manipulate the market, all the while keeping a "I have clean hands, is not my fault" attitude.

EVIL, yes. GENIUSES, yes.

[king]

5.36 for premium tonight

[Goonsquad]

Shit is going so high here in California.

[saiaba]

How high does the price have to be, before everyone is driving 35+ mpg kias, civics, priuses, and other shit boxes?

[SupraMan1990]

Price WILL keep going, just as long as our useless ass politicians let them. Once Obama gets in and Bush and Cheny GTFO with their oil money our prices will fall.

[Bent]

Price WILL keep going, just as long as our useless ass politicians let them. Once Obama gets in and Bush and Cheny GTFO with their oil money our prices will fall.:rofl:

[Shamrock]

more refinaries

[kackel champion]

3.95 over the past couple of days

where i'm moving to is well over $4 :wtc:

[Bent]

I've been paying just over $4 for Premium. I am a little easier on the pedal now, but occasionally I can't help 'playing' a little.

I don't think about the consequences much, but every once in a while, I think about how far I could've gone on the gas I've wasted.

[chancellor]

And ive been complaining about this 3.87 for Plus