How cheap is your local Gasoline?

“The refiners( if you think you can believe them) are at near '0' margin now - what happens when that adjustment comes out of the nozzle. Also The crude price lump hasn't stetched it's way through the hose yet.”

“One of the guys at work won't speak to me. He said the price of oil is due to the secret meeting that Cheney had seven years ago.

I asked what evidence he had of that? What did he think of supply and demand and the futures market? Silly Liberals.”

“The thought of Indo-Sino freeway rage is ,of course, a liberal concept, silly for sure.

Enron anyone?
last edited: 5/10/08 7:32:47 AM”

“I was in the ATL last week and it was $4 a gallon.
~roseymonster

Atlanta, Idaho?
I've been paying about $3.60 in my ATL.”

“ecoworld.com/blog/2007/10/05/apteras-next-generation-car/

While this thing sits in front of the plant, on the beach, under clouds, I sit in the sunnier California waiting.
last edited: 5/10/08 11:46:42 AM”

“I see the clueless are still hoping it will all go away....

Gas prices will likely double to the 7.00 plus range in the next few years and no the world wont end.”

“That's as good to know as the fact that no surfboard rack is needed, just the optional rudder and propeller.”

“A discussion of 200.00 a barrel oil being predicted

http://business.blogs.cnn.com/2008/05/07/oil-at-200-a-barrel/

excerpt.....

If you think the price of crude oil can�t go any higher, think again. It could hit $150 to $200 a barrel. That�s not the prediction of some madman, but the prediction of analysts at Goldman Sachs, led by Arjun N. Murti.

Murti and his team have credibility. He�s the one who first wrote of a �super spike� in oil back in March of 2005. At that time he said oil could cost between $50 dollars and $105 a barrel through 2009.

Now they�ve upped the ante. �The possibility of $150-$200 per barrel seems increasingly likely over the next six to 24 months, though predicting the ultimate peak in oil prices as well as the remaining duration of the upcycle remains a major uncertainty.�”

“I think their prediction is actually step one in a highly manipulative, government-abetted, self fulfilling prophecy.”

“"How Cheap?"

.......hardly cheap”

“I wish it were a goverment conspiracy....

Heres an exercise for some of you...

Find out the claimed total amount of oil in the ghanwar oil field. Divide it by the percentage of oil recoverable using current technology. It is 30 percent BTW. Then subtract the amount of oil extracted to date.... It works out to 50 percent which is half. The saudis claim they will get 50 percent out but 30 is the best current acheivement. 20 extra percent would be great because we could get a lot more oil out of all our old fields.

Saudi production is down
russian production is down
chinese demand is growing by about 10 percent per year....

it is all a simple matter of supply and demand.

Almost forgot to mention. the saudi's have admitted the water cut from thier wells is up to 50 percent.....
last edited: 5/10/08 7:14:26 PM”

“$3.79 in Mount Vernon Ohio
:(...!!!”

“Montreal,Quebec, Canada.....it just went up 12 cents....some stations are selling gasoline at $1.39Can per litre...that's about $5.56U.S a gallon.”

“�$3.68 is the highest in town
$3.64 is the cheapest

course that was yesterday�
GatherNoMoss
8:30:58 AM
5/09/08

and 3 days later........... $3.73 in Eastern NC......... Damnit
last edited: 5/12/08 6:00:10 PM”

“I got a free dump truck load of manure today:)”

“I filled up yesterday for $3.58. A mile down the street it was $3.71.”

“3.599 today with my Kroger discount which was .10 or .20/gallon...can't remember.”

“I just filled up at $3.42. SUCKS!!!!!!!!!!!”

“Maybe traffic will slack off some with people not being able to afford frivolous driving.”

“$3.80 here and still rising. Wouldn't doubt it if it's over $4 for Memorial Day weekend.”

“The starter motor has replaced many of the planning elements of the human brain, but retreat into an Mp3 sanctuary rates high the mileage chart also.”

“How cheap??

Cheap it ain't.

It would be cheaper to skate. Be a cheap skate and jump on a board or blades and roll away your blues.”

“$3.81 here. Went to PT in Arlington Heights, it $3.99”

“Come on Lucky Four!!”

“madeira beach fl $3.67.”

“SHould hit $4.00 or more here today.”

“Woo-Hoo!!

Oil stocks are a go-go!”

“... jump on a board or blades and roll away your blues.� - MarkO

Only if you don't fall down....then you would be black and blue. :o) Btw, I enjoy inline-skating.....

And yeah, lucky 3 of my stocks are in oil....I'm going to be filty RICH....just as long as I don't buy gas.”

“REARDAN, Wash. � Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more than $3.99 on their spinning mechanical dials.

The pumps, throwbacks to a bygone era on the American road, are difficult and expensive to upgrade, and replacing them is often out of the question for station owners who are still just scraping by.

Many of the same pumps can count only up to $99.99 for the total sale, preventing owners of some SUVs, vans, trucks and tractor-trailers from filling their tanks all the way.

As many as 8,500 of the nation's 170,000 service stations have old-style meters that need to be fixed � about 17,000 individual pumps, said Bob Renkes, executive vice president of the Petroleum Equipment Institute of Tulsa, Okla.

At Chip Colville's Chevron station in this eastern Washington town, where men in the family have pumped gas since 1919, three stubby, gray pumps were installed when gas was less than $1 a gallon. They top out at $3.999, only 30 cents above the price of regular gas at Colville's station.

"In small towns, where you don't have the volume, there's no way you can afford to pay for the replacements for these old pumps," Colville said. "It's just not economically feasible."

The problem is worse in extremely rural areas, where "this might be the only pump in town that people can access," said Mike Rud, director of the North Dakota Petroleum Marketers Association.

Demand for replacements has caused a months-long backlog for companies that make or rebuild the mechanical meters � and that's just for stations that can afford the upgrade.

For many station owners � who, because of relatively small profit margin on gas, aren't raking in money even though gas prices are marching higher � replacing the pumps altogether with electronic ones is just not an option.

"The new ones run between $10,000 and $15,000 apiece," Colville said. "It's an expense that's not worth it."

Mechanical meters can be retrofitted with higher numbers when pump prices climb another dollar. The last time that happened was in late 2005, when gas went over $3 a gallon, and owners of the older pumps installed kits that went to $3.999.

This time around, owners of the old pumps will need to install another kit that can handle prices up to $4.999, and possibly higher. Industry experts say those changes could cost as much as $650 per pump.

It costs less to change the meter to raise the maximum price from $2.99 to $3.99 a gallon, but that option raises the risk of a breakdown, said said Pete Turner, chief operating officer for APS Petroleum Equipment Inc. of Anniston, Ala.

"The computer that they're upgrading was not designed to go any more than what it's going now, and if you do it, they don't last long enough," Turner said. "They run so fast that the gears are wearing out."

The price of fixing the meters jumped in the past three years because old pumps are being phased out for new electronic pumps and demand for refurbished meters is down, Al Eichorn, vice president of PMP Corp., which makes the mechanical meters.

The Avon, Conn., company has hired extra employees who are working overtime but still has a 14-week backlog of orders, Eichorn said.

To deal with the problem, some state regulators are allowing half-pricing � displaying the price for a half-gallon of gas, then doubling the price shown on the meter.

In North Dakota, regulators recently told service stations their mechanical pumps could use half-pricing, provided they use signs to alert costumers and find a permanent solution by April 2009.

South Dakota is preparing similar rules, officials say. And in Minnesota, rural service station owners whose pumps cannot display the right price are being told to cover up the incorrect numbers.

"The consumer can only see the gallons turning," said Bill Walsh, a spokesman for the Minnesota Department of Commerce. "Then they just have to settle up with a calculator, basically." Colville and about a dozen other service station owners in Washington have received temporary variances from the state to allow them to half-price fuel.

Stations granted variances are required to post signs telling customers that the final price they will pay is twice what the pump meter indicates.

"No, that don't bother me. The price does," said Jim Puls, a third-generation rancher who pulled up to Colville's diesel pump to fill up his flatbed truck at $4.41 a gallon. "I can understand what they have to do."

Nationally, the average price for a gallon of gasoline rose past $3.70 Sunday, while diesel was selling for an average of $4.33 a gallon, according to AAA and the Oil Price Information Service.

Small stations are struggling to make a profit on gas, even as the price rises. Its small profit margin makes it less lucrative that snacks and other products the stores sell inside.

"If gas is the profit driver and you are one of those guys with the old pumps, you're either evolving or getting out," said Jeff Lenard, spokesman for the National Association of Convenience Stores, a trade group that represents about 115,000 stores that sell gasoline.

"If you're just that kind of image of the '50s gas station where you have a conversation, fill up and have a cup of coffee, that's in the movies."”

“No really, the gas crunch is all just hype. It's gonna come back down really soon. All it takes it RUMORS to send it up about 10 cents a gallon.

http://news.yahoo.com/s/ap/20080513/ap_on_bi_ge/oil_prices;_ylt=Ag.il4S7jaqmh0mK8b70sFWs0NUE”

“Michigan just passed a moratorium on the 6% sales tax on gas, from memorial day through labor day. All that money is used for school funding. Our district announced it's cutting 21 custodians and the classrooms will be cleaned every 3 days starting next school year. I'd rather pay the tax myself.”

“Agreed, the cutting of the gas tax sounds sexy, but it's money that's really needed. It's not like the tax floats with the commodity price on a percentage basis. That tax is a smaller and smaller piece of the pie now.”

“www.efuel100.com/

jump off the wagon into your tank.”

“New York is trying about dropping the state gas tax as well for the summer as well. It's already passed in the Senate. The county I live in is also planning to drop their gas tax as well, so gas prices may drop $0.46 per gallon starting Memorial Day.”

“Senate stops SPR fill.”

“$4.05 in town, just heard from Barbie”

“The Senate, in a direct challenge to President Bush, voted Tuesday to temporarily halt the shipment of thousands of barrels of oil a day into the government's emergency reserve. Both Democrats and Republicans said such shipments make no sense when oil is costing more than $120 a barrel and could better be used to add supplies to a tight market and possibly lower prices.
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click here

"We are buying the most expensive crude oil in the history of the world and storing it," said Sen. Byron Dorgan, D-N.D. "When American consumers are burning at the stake by high energy prices, the government ought not be carrying the wood."

Until both chambers of Congress pass the emergency reserve directive and Bush signs it — or Congress enacts it over a presidential veto — the legislation has no force of law. But the Senate's message to the president Tuesday was a strong one.

With Republicans joining Democrats, senators voted 97-1 to suspend the shipments — averaging about 70,000 barrels a day — until the end of the year. Only Sen. Wayne Allard, R-Colo., voted against the measure.

http://news.yahoo.com/s/ap/20080513/ap_on_go_co/congress_energy”

“If they cut the taxes, demand will increase and the price will go higher. You have to stop buying gasoline if you want the price to drop.”

““If they cut the taxes, demand will increase and the price will go higher. You have to stop buying gasoline if you want the price to drop.”
bacpac
4:40:02 PM
5/13/08

Depends on why they are dropping it. I know NY want to do it to try and boost the tourist trade.”

“Exactly what bacpac said. Nothing will ever happen until we stop buying gas and that will never happen. We have grown too comfortable owning 3 or more cars per family and also owning gigantic SUV's that get 10 MPG. People will pay for gas regardless what the cost. You may curb some users if you jack up prices past 5 bucks, however it will not have much of an impact.

People need to trade in their 20 to 25 gallon gas tank sucking SUV's in for cars with smaller tanks. Again, you will get some to do this, however most will just say #&%!$ it.”

“Has anyone seen anything about company car usage or comapny gas card usage?

My bro-in-law has a CC and a gas account. He pays someting like $100 a year and is allowed to fill up his car as much as he wants for business and personal use.

I would think as prices hit and push past $4.00, many of these policies will change and or stop.

Anyone here faced with this now?”

“Unfortunately, given most of the development practices implemented since the early 1950s, we're screwed. So many communities are not designed as being livable without a car that people are condemned to spend money on fuel resources, even if they don't want to. I imagine some will be able to access public transportation, but some will not.”

“Prices will go down when the people making money now buy up the fuel cos and car cos ready to get your money on Hydrogen, electric or what ever else the new mode you will spend money on.”

“went up .07 cents yesterday. Now at $3.75 a gal.”

“Still wishing.... Gas is cheap yet... Enjoy :)”

“It won't ever be cheap again, but it also won't keep rising at the rate it has been forever. We aren't at peak oil and average price won't be anywhere near $7 as someone here predicted for quite some time. Gas prices are high because the dollar has fallen badly and oil is traded in dollars, as well as speculators trading it up and because the Oil companies know that the time is a coming when these big profits will be a thing of the past so they are getting all they can now.”

“Dang Wounded Knee, your bro has it made in the shade!!! That's a good perk actually, 'cause his business uses those gas purcheses as a tax write-off, so it's no skin off their backs. Dam do I like that! I'll start my own gas card when I begin my business!”

“paid $3.93 this morning...first time a fill up has ever cost me over $40
last edited: 5/14/08 12:52:53 PM”

“I wish I had a 10 gallon gas tank.”

“Actually I never full understood why they don't put bigger tanks on fuel efficient vehicles. You end up getting just as far on a tank of gas as a larger less efficient vehicle. I want a car that can go 1000 miles on a tank of gas.”