Gas Price

Montcalm · Post by **Montcalm** » 2004-05-25 10:24pm

Just saw it on the news,the one dollar a litre mark as been broken in Canada the price is $1.00.4 a litre,OPEP must be happy now.

Post by **Gandalf** » 2004-05-25 10:35pm

We're at $1.08 here.

admiral_danielsben · Post by **admiral_danielsben** » 2004-05-25 10:35pm

Montcalm wrote:Just saw it on the news,the one dollar a litre mark as been broken in Canada the price is $1.00.4 a litre,OPEP must be happy now.

That's in Canadian dollars, right? That would mean $CA 1 per liter. Since it's about 3.7 liters per gallon, that's roughly $CA 3.70 per gallon - roughly $2.70 per gallon of gasoline. That's about 50-75 cents higher than the average in most of the US, but lower than prices in Europe or especially Japan.

Hamel · Post by **Hamel** » 2004-05-25 10:38pm

2.13 US dollars for unleaded regular

Sucks for me since town is 11 miles away from my house.

Kyle · Post by **Kyle** » 2004-05-25 10:40pm

$1.99 for regular here when I filled up yesterday.

kojikun · Post by **kojikun** » 2004-05-25 11:33pm

hovering right around $2 here in fort lauderdale.

Robert Treder · Post by **Robert Treder** » 2004-05-25 11:35pm

I pay ~ $2.20USD/gallon for 87 octane. I only have to fill up every other week, though, because I have a savage mpg.

Hyperion · Post by **Hyperion** » 2004-05-25 11:36pm

$2.20-$2.60 here in Washington.

Stormbringer · Post by **Stormbringer** » 2004-05-25 11:42pm

Nudging a 2.25 here in Detroit.

Sarevok · Post by **Sarevok** » 2004-05-25 11:45pm

Gas is cheap where I live. 0.7 dollars for a liter of octane.

Alferd Packer · Post by **Alferd Packer** » 2004-05-26 12:06am

Yeah, I'm seriously considering trading in my truck next year if fuel prices remain this high. 17 mpg no matter what sucks balls.

RedImperator · Post by **RedImperator** » 2004-05-26 12:20am

About $1.93 or so around here. According to my dad, who works in the industry, the worst is over as far as price increases go, but don't expect them to come down anytime soon. Demand is always high in the summer, the refineries are all stockpiling home heating oil and will be doing so until September or October and thus are not increasing the gasoline supply, and the oil companies are in no hurry to lower prices anyway (their profits are taken as a percentage of the pump price, so even though the cost of crude is up, so are their profits--likewise, even when the cost of crude is down, they suffer when gas falls below about $1.20/gallon).

EDIT: Every time the price goes up, I love my little standard shift Neon a little more. 26mpg highway, biznatches.

Stormbringer · Post by **Stormbringer** » 2004-05-26 12:27am

RedImperator wrote:EDIT: Every time the price goes up, I love my little standard shift Neon a little more. 26mpg highway, biznatches.

It isn't highways that are the problem. It's the damn city around here.

SpacedTeddyBear · Post by **SpacedTeddyBear** » 2004-05-26 01:18am

Me and Treder are in the same area. The cheapest for 87 is 2.25/gal. The most expensive for 87 that I've seen is 2.35/gal.

TrailerParkJawa · Post by **TrailerParkJawa** » 2004-05-26 01:26am

SpacedTeddyBear wrote:Me and Treder are in the same area. The cheapest for 87 is 2.25/gal. The most expensive for 87 that I've seen is 2.35/gal.

I'm gonna have to go get gas in the morning. The nearest gas station is a little expensive. It is $2.36 / gal but since I fill up once a week I don't notice the price so much.

I guess I could get my gas at the Costco on Lawerence or Coleman but waiting in the long lines does'nt seem worth it.

Chardok · Post by **Chardok** » 2004-05-26 07:55am

evilcat4000 wrote:Gas is cheap where I live. 0.7 dollars for a liter of octane.

0.7 dollars?! I'm moving to where you are!

Wait...no I'm not.

Here in J'ville, I pay about 2.25-2.30, but I fill my dog with premium and only once every 2 weeks. My old Subaru don't go fast, but she goes looooooooooong.

Col. Crackpot · Post by **Col. Crackpot** » 2004-05-26 08:49am

RedImperator wrote: EDIT: Every time the price goes up, I love my little standard shift Neon a little more. 26mpg highway, biznatches.

35 mpg highway in my automatic Civic. suck it!

and gas is hovering around $2.05 for regular 87 octane here in RI.

Admiral Valdemar · Post by **Admiral Valdemar** » 2004-05-26 08:58am

Eh, it's about half the price of a kilo of gold here. My dad was at the local supermarket the other week and was considering whether to fill his car up or buy a villa in Marbaya.

Post by **Ghost Rider** » 2004-05-26 09:11am

RedImperator wrote: EDIT: Every time the price goes up, I love my little standard shift Neon a little more. 26mpg highway, biznatches.

Indeed...gods how I love public transportation in DC.

None of the weirdo traffic hassles

As for Valde...I say have your father get the villa...will see more use out of it.

Col. Crackpot · Post by **Col. Crackpot** » 2004-05-26 09:15am

Admiral Valdemar wrote:Eh, it's about half the price of a kilo of gold here. My dad was at the local supermarket the other week and was considering whether to fill his car up or buy a villa in Marbaya.

well thats because your government chooses to tax the shit out of it.

Speaking of gas taxes, there was a segment on the local news here that said because people are being more frugal with gas due to high prices, fuel tax revenues are not meeting their projected goals and funding for public transportation, and road/highway maintenece is in jeopardy. It cracks me up, people here are driving less, riding public transit more and using less fuel and because of that there is LESS revenue for public transit. lol.

Saberslash · Post by **Saberslash** » 2004-05-26 09:18am

Its about $2.00/gal here in Dickinson, North Dakota (go ahead, laugh at the town name, I do...)

Wicked Pilot · Post by **Wicked Pilot** » 2004-05-26 09:14pm

Jet-A is $3.34 here in Corpus. 100LL is $3.33.

CrimsonRaine · Post by **CrimsonRaine** » 2004-05-26 09:29pm

New Jersey, which I believe has the lowest taxes on gas, is down to $1.91. (at least around here). Where I go to school in Pennsylvania, it's probably about $.20 more. This is makes me want to vomit.

Is there any chance of these prices coming down? Or is it because of the problems overseas? If so, that confuses me. I didn't think our gas primarily came from the Middle East, but more from Alaska. I could be a complete idiot on that, though.

'Raine

aerius · Post by **aerius** » 2004-05-26 09:42pm

RedImperator wrote:EDIT: Every time the price goes up, I love my little standard shift Neon a little more. 26mpg highway, biznatches.

It's kinda sad that our family's fat-ass full-size Buick LeSabre land yacht gets better highway mileage than that. Pretty cool that a car with a 205hp 3.8L V6 engine gets 30mpg on the highway.

CrimsonRaine wrote:Is there any chance of these prices coming down? Or is it because of the problems overseas? If so, that confuses me. I didn't think our gas primarily came from the Middle East, but more from Alaska. I could be a complete idiot on that, though.

'Raine

Gas prices are completely fixed, it's a conspiracy. Prices always go up near weekends only to drop back down on Monday or Tuesday. Somehow I doubt crude oil prices fluctuate in such regular predictable cycles. Somehow I doubt there's a world oil shortage that coincides with every long weekend. Gas companies basically go "oh look, there's this major conflict going on in _______(insert country here), let's use this chance to bump the prices up say, ten cents".

RedImperator · Post by **RedImperator** » 2004-05-26 09:50pm

CrimsonRaine wrote:New Jersey, which I believe has the lowest taxes on gas, is down to $1.91. (at least around here). Where I go to school in Pennsylvania, it's probably about $.20 more. This is makes me want to vomit.

Is there any chance of these prices coming down? Or is it because of the problems overseas? If so, that confuses me. I didn't think our gas primarily came from the Middle East, but more from Alaska. I could be a complete idiot on that, though.

'Raine

The price of crude oil is determined by the worldwide supply. Even if we don't buy directly from the Middle East (which isn't true), anything which disturbs the oil supply in any producing country will cause the price to rise.

The chaos in the Middle East is only part of the issue, though, and it hasn't actually disrupted the oil supply. The world's largest oil-producing states are members of a cartel called OPEC which determines exactly how much oil they're going to pump and sell, and right now they're not selling much. What's also happening is that commodities buyers--people like stockbrokers who deal in supplies of raw materials rather than shares of corporations--are bidding up the price of crude oil because everyone's nervous about the Middle East. They're stockpiling so if there's a disruption in the supply and the price goes up, they can sell their shares and get rich.

Added to all of this is normal summer demand spikes in gasoline and electricity demand, and a harsh winter that forced oil refineries to produce home heating oil instead of stockpile gasoline, and the pump at the price is at or above $2.00 in the United States. It's even worse in Europe because their gas taxes are obscene.

Curiously, the price of diesel is lagging 20-30 cents behind gasoline. I couldn't tell you why that is--diesel sometimes fluctuates with gasoline, and sometimes seems to move on its own.

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