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What do you pay for gas?

Yeah, I figured as much. Prices always go up when a hurricane hits the gulf coast, even if it doesn’t impact the price of crude. I was very surprised when the DOW, S&P, and NASDAQ closed in the green yesterday. I would expect investors to be very nervous today.
 
Robert said:
Yeah, I figured as much. Prices always go up when a hurricane hits the gulf coast, even if it doesn’t impact the price of crude. I was very surprised when the DOW, S&P, and NASDAQ closed in the green yesterday. I would expect investors to be very nervous today.

The gas price change is total bullshit too. There's no way the storm over the last two-four days changes prices today. The gas at my station of choice was bought and paid for weeks/months ago right? It has to be refined and shipped....there's no way the storm should effect prices within a day or two...it all reaks of profiteering....
 
Motokid said:
...it all reaks of profiteering....

I think so too, at least in part. I know the storm will interrupt production, and that will increase oil prices. Any idea if there are any oil refineries that might have been impacted by the storm?
 
Robert said:
I think so too, at least in part. I know the storm will interrupt production, and that will increase oil prices. Any idea if there are any oil refineries that might have been impacted by the storm?

I'm sure some refineries are effected, but what percentage of American oil comes from the Gulf of Mexico, in that specific area effected by the hurricane????? And if that smaller percentage of rigs and refineries can cause a 20 cent per gallon increase in gas across the entire country/world.....it just reaks from what I can understand....reaks....
 
Motokid said:
I'm sure some refineries are effected, but what percentage of American oil comes from the Gulf of Mexico, in that specific area effected by the hurricane????? And if that smaller percentage of rigs and refineries can cause a 20 cent per gallon increase in gas across the entire country/world.....it just reaks from what I can understand....reaks....


While I would agree that 20 cents per gallon seems to reek of profiteering, I recognize the fact that we don't have enough refineries in this country, and the loss of even one has huge impacts.

The environmentalists need to stop preventing the building of additional refineries.
 
Mrs. Motokid said she paid $2.71 this morning....I'll look on my way home to see if the price has gone up even more.... :mad:
 
Robert said:
While I would agree that 20 cents per gallon seems to reek of profiteering, I recognize the fact that we don't have enough refineries in this country, and the loss of even one has huge impacts.

The environmentalists need to stop preventing the building of additional refineries.
Disagree, don't blame the environmentalists. We need to lessen our dependence on oil.
 
muggle said:
We need to lessen our dependence on oil.
Based on the traffic I saw while driving over 540 miles on two seperate weekends this month the price of gas is not keeping people from traveling. I got stuck in a number of traffic jams on Interstate 95 and the volume of traffic was pretty intense most of the time.

By the way...my mini-van got 22 mpg with the a/c on and an ocean kayak strapped to the roof....I thought that was pretty good milage....for a mini-van...

This country definitely needs some intense incentives for both manufacturers and consumers to lean towards better feul economy. Tax breaks for buying/making hybrid cars. I learned that bio-diesel autos can run on cooking oil. That would be cool. Your exhaust smelling like a fry cooker.....
 
I heard that something like 30% of our oil comes from the Gulf?


We do need to reduce our dependency on oil, but that will not happen in the immediate future. There are too many people who's lives depend on the oil/auto industry.

What we need to do is realize that a pipeline in Alaska is not going to be the end of the universe as we know it, and reduce our dependency on FOREIGN oil.

And, BTW, Muggle, how many people should we put on unemployment to reduce our dependency on oil? I'm not saying we shouldn't, I'm just saying it will be a long, arduous process, and that we should be taking steps NOW that will help free us until we get there.

An interesting note: My friend in Germany says they have been paying per litre what we pay per gallon for a long time, and that we are totally spoiled. I think the Europeans may be secretly glad to see our prices go up!
 
Motokid said:
Based on the traffic I saw while driving over 540 miles on two seperate weekends this month the price of gas is not keeping people from traveling. I got stuck in a number of traffic jams on Interstate 95 and the volume of traffic was pretty intense most of the time.

By the way...my mini-van got 22 mpg with the a/c on and an ocean kayak strapped to the roof....I thought that was pretty good milage....for a mini-van...

This country definitely needs some intense incentives for both manufacturers and consumers to lean towards better feul economy. Tax breaks for buying/making hybrid cars. I learned that bio-diesel autos can run on cooking oil. That would be cool. Your exhaust smelling like a fry cooker.....

French-Fry exhaust would be cool! I really think Hydrogen is what's coming, though. We have a "test" hydrogen refueling station here in DC now.

Hydrogen would be awesome! Best alternative I have seen yet.

http://www.ca.sandia.gov/crf/research/combustionEngines/PFI.php
 
leckert said:
French-Fry exhaust would be cool! I really think Hydrogen is what's coming, though. We have a "test" hydrogen refueling station here in DC now.

Hydrogen would be awesome! Best alternative I have seen yet.

http://www.ca.sandia.gov/crf/research/combustionEngines/PFI.php

Sure hydrogen is the bee's knees at the moment...but how to create,store, and deliver it to everybody is the question.

With bio-diesel the farmers are growing our fuel, and the gasoline is simply replaced with the oil. The internal combustion engine is still used so the complete overhaul of the auto engine is not neccessary.

I can see using bio-diesel as the bridge needed to escape from crude oil until the hydrogen system can be utilized.
 
muggle said:
Disagree, don't blame the environmentalists. We need to lessen our dependence on oil.


While I would agree that we would all be crazy not to lessen our deplendence on oil, I would point out that we already don't have enough refineries, that's one of the reasons the price of fuel is so high. Environmentalists are a huge part of the problem because they make it impossible to build additional refineries.
 
$2.52 here-and if we drive three hours to the west of us, it's around $2.76. I don't understand how in the world you have such price variations, though I imagine the oil companies aren't necessarily hurting. I know that Motokid and others are very concerned about them and how the companies are faring. ;)
 
$3.09 this evening. I think they're prepping for Labor Day weekend...

The only way to lower gas price is to obey the supply and demand laws of simple economics. Once demand for gas goes down, supply will go up, and prices will drop. The only way to make demand go down is to drive less, drive more fuel-efficient vehicles, and to carpool. I'm sick of being stuck in bumper-to-bumper traffic (in the freakin' city), with the likes of S.U.V. Escalades, Sequoias, Mercedeses, Expeditions and Hummers (vehicle, for clarification).
 
sirmyk said:
I think they're prepping for Labor Day weekend...

Actually, it's probably because of the hurricane. Barrell prices skyrocketed the past two days because at first they were concerned about oil platforms outside of New Orleans. Now there are estimates about damage along the gulf coast so the prices aren't going down as initially predicted.

I just went to the station to fuel my truck up. The guy there told me he had to increase the prices by $.10 when he came into work tonight. That's a big increase for one day.
 
mehastings said:
That's a big increase for one day.
Be prepared to see $3.00 per gallon in the very, very near future.
Well, not sirmyk....but the rest of you....the guys on the news are all predicting at least another 15 to 20 cents over the next day or two.
 
At this rate, it won't be long before it will cost the same to fill up my bike as it used to cost to fill up my Chevy.
 
Our gas prices hit 10.35 DKK per litre.

That's approximately 1½ $ so when you'll be paying 3 $ per gallon you'll still have it cheap

Njah!
 
Robert said:
At this rate, it won't be long before it will cost the same to fill up my bike as it used to cost to fill up my Chevy.

yeah...if you'd have told me a few years ago that I could not fill an almost empty motorcycle gas tank with $10.00 using the low grade gas, I would have laughed right in your face....now I'm tryin' to remember when I put less than $10.00 in the tank and I use the low grade stuff.... :( :( :(
 
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