How cheap is your local Gasoline?

“i love my geo...i drive like a bat out of hell and still get pretty good mileage”

“The car companies generally size the tank to get a 400 mile range. The size of the gas tank is usually a better indicator of the gas mileage then the epa sticker.”

“Thrifty loves Geo.”

“That's pretty interesting Lumberjack. Some of those vehicles mus have gianormous gas tanks!”

“My gas tank is competing for the soy beans usage for biofuel world wide. Here be quit and listen, see.”

“Oil prices hit a new record high above US$127.00 a barrel on Friday in a volatile market.

Light, sweet crude for June delivery rose as high as US$127.43 a barrel in electronic trading on the New York Mercantile Exchange during the afternoon in Europe, before retreating to US$126.62, up US$2.50 on Thursday's close of US$124.12.

In London, Brent crude contracts were also higher, up US$2.59 to US$125.22 a barrel on the ICE Futures exchange.

"Everything the market looks at is bullish," said a report by U.S. energy risk management firm Cameron Hanover.

Some of the factors pushing prices up included speculation that China's demand for diesel needed to fuel its power plants would rise due to reconstruction efforts after this week's earthquakes and an upward revision of its oil price forecast by investment bank Goldman Sachs, from US$107 to US$141 a barrel for the second half of the year.

Technical trading, in which traders takes into account on prices patterns and other technical data instead of relying more on fundamentals such as supply and demand, also was seen as a reason for the high prices.

"Unless there is a confluence of substantive bearish news, when there is a pullback of something like US$5, it's unlikely to stay down because enough participants will see that as a buying opportunity," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore.

Thursday's expiration of options contracts and a temporary shutdown of ICE Futures trading in crude oil and other futures products due to a power outage also contributed to the previous session's volatility.

"So there was a lot of confusion yesterday, and not surprisingly, there was this wild, seesaw session," Shum said.

Options let investors bet oil prices will rise or fall in the future, and prices can fluctuate widely on days when options expire.

But oil has again consolidated near the US$125 a barrel mark, Shum noted, because the commodity is still seen as a better bet than investors' other options.

"Oil as a class has performed better this year than equities and bonds, and continues to encourage investors to pile money into oil and stay in oil," Shum said.

On Thursday, oil initially climbed in the floor session as U.S. diesel fuel prices jumped 3.6 cents at the pump to a national average of US$4.455 a gallon (US$1.178 a liter). Diesel is used to fuel most trucks, trains and ships, and is a large part of the reason prices of food and consumer goods are rising so fast.

But as oil reached for new records above US$126 a barrel, the U.S. Energy Department reported that natural gas inventories rose 93 billion cubic feet last week, more than analysts had expected, and that pulled the whole petroleum energy complex lower.


Fluctuations in the dollar have contributed as well to oil's volatility. The dollar has generally been stronger than earlier in the year, but it is waffling between 104 and 105 against the yen, while the euro seems to be range-bound between US$1.54 and US$1.55.

Investors have been viewing oil and other commodities as a hedge against inflation and a weaker dollar since the middle of last year, and that link has meant that oil has been tending to rise and fall inversely with the dollar.

In other Nymex trading, heating oil futures rose 5.15 cents to US$3.6739 a gallon (3.8 liters) while gasoline prices added 5.64 cents to US$3.222 a gallon. Natural gas futures rose 14.9 cents to US$11.548 per 1,000 cubic feet.”

“Hmmm, two energy oilmen in the top leadership positions in the White House and gas keeps climbing? Imagine that!!!”

“So much for Shrub's diplomatic skills. Hopefully we won't be going through with the $2 billion arms sale to these gready shmoes...

http://rawstory.com/news/2008/Saudi_Arabia_rebuffs_Bush_on_oil_0516.html”

“One of these days these fools are going to be begging for our dollars. Probably after I am dead.”

“I was just reading that, The saudis are limiting their output to preserve the supply for future gerations....

I also just read home heating oil has gone up anouther 70 cents per gallon....”

“Local average is $3.91 and rising.”

“When people grow up and start thinking in terms of energy conservation, then we won't need anymore refineries. An example would be, get a good water filter and bottle and stop having bottled water delivered to homes and stores all over this country.
The Reason I mentioned that is a 50 foot long truck just pulled up in front of my house to deliver Arrowhead water to the house accross the street.”

“Man, does Rosey want to have W's baby or what? It's all he talks about. He looks like stovestomper back in the Clinton years. lol!”

“Bottled water? I have something called well water. It's good right from the tap.”

“I'm having my own baby! And I won't drop it like Bush Sr. seems to have!”

“So much for Shrub's diplomatic skills. - rosey

So much for the democrats helping out:

http://www.rockymountainnews.com/news/2008/may/15/panel-defeats-attempt-end-oil-shale-moratorium/

The Senate Appropriations Committee today narrowly defeated Sen. Wayne Allard's attempt to end a moratorium related to oil shale development in Colorado.

[...]

But in a 14-15 vote, the committee spilt strictly on party lines and rejected the amendment. ”

“What is it about democrats that they have this desire to weaken America?”

“Breaking News--The U.S. Energy Department is canceling oil shipments to the government reserves beginning in July.

What a joke! Next they will suspend the federal tax applied which is even a bigger mistake.”

“That's a knee slapper, Nigal. The current administration has driven this country into the ground.

$5 a gallon in a month. This is in redwood city, CA.


last edited: 5/16/08 10:14:50 AM”

“Is that a hybred I see under the sign? Ha Ha! Looks like a Prius”

“I would say yes. With dealer plates on it. Those things are everywhere these days. The state had to stop handing out ride in the HOV lane stickers because so many of them are being bought. I think those with the sticker will definitely have a much higher resale value.”

“I would say yes. With dealer plates on it. Those things are everywhere these days.

That is good! We need more of these being bought instead of Hummers and large SUV's.

Every day the lot I park in to take the train downtown, people come home to find their cars broken into, everything possible stolen. The big trend here is to steal the catalitic convertor off the car or SUV. It is a bit easier to hack it off the SUV, plus the theives get more money. Monday, I walked past a woman crying, standing in front of her Nissan Armada. Missing was 2 airbags, the CC and all 5 tires. Vechicle was brand new.

I see someone under my Jeep, I run them over and over and over and over”

“Oh man, I agree. It's gonna take a while for those babies to trickle down in the used market, however. $25K is quite a bit for our average American to drop on a new car. But smaller cars are making inroads for sure. About freakin' time. Maybe we will get some of the cool Euro models.

Crazy! There have been a lot of CC thefts here, mostly on Toyota Tacomas. I agree. If I see a pair of legs sticking out from under my car, somebody's gonna be crippled. What's up with the airbags tho?”

“What $10 per gallon gas might be like.
ten dollar gas
last edited: 5/16/08 10:34:33 AM”

“What's up with the airbags tho?”
roseymonster
1:28:40 PM
5/16/08

Big money, airbags go about $1000 a peace to have them replaced.”

“Can't buy a casket 4 1k.”

“Time to go back to using pine boxes?”

“Their you go with a biased opinion, Woody.hehe”

“Shouldn't this thread be renamed "How expensive is your local gasoline"? I don't know about anyone else but we are paying 3.90 for regular unleaded 87 octane. Ny state is thinking about giving us a gas tax holiday all summer long...thats 32 cents less and combine that with the 18 cent federal break and I might actually be able to afford another gallon more a week.”

“Naw.... its still lower then european gas....”

“127.05

Anyone wanna bet how high this will go in 2008?

My guess
155”

“The current administration has driven this country into the ground.

Into the ground? Really? Like what?”

“Ny state is thinking about giving us a gas tax holiday all summer long...thats 32 cents less and combine that with the 18 cent federal break and I might actually be able to afford another gallon more a week.”
strz51
11:53:31 AM
5/17/08

geez, what kind of sorry job do you have that $4 a week is big spending?”

“BTW, I thought this chart was interesting. the only thing that looks different is that the price didn't drop back down for the winter. I blame it on global warming causing colder winters.

”

“$129.15

Global warming, ha ha! So far in Chicago, our temps have been something like 10 to 15 degrees below normal for the past 2 months.”

“$3.75 Marion Ohio”

“$4.12 Sacto., CA”

“I think it was $3.61 in abbington, Va sunday when we left traildaze. It was $3.74 in Wilmington, NC. Both Va and SC have a lower gas tax than we do.”

“We should hit and exceed $4.00 today and stay above until they raise the price again next Tuesday.”

“$3.63 this morning in Midlothian, VA”

“Cheapest in my area is $3.84. That was this morning, it will probably be a few cents more this afternoon.”

“The national average has gone up less than a penny over the last few days. Someone must be going down if all of yall are going up so much”

“What goes up must come down
Spinnin' wheel got to go 'round
Talkin' 'bout your troubles it's a cryin' sin
Ride a painted pony let the spinnin' wheel spin”

“I thought it was "shame". ???”

“The national average has gone up less than a penny over the last few days. Someone must be going down if all of yall are going up so much”
hyway
1:16:07 PM
5/20/08
ignore this user

Actually the average price of gas in my area has been right around $3.90 for the past 5 days until today.”

“Um Nimble, "shame" doesn't rhyme with "sin". sheesh

But don't feel bad. Remember that song "Venus", you know:

She's got it
Yeah, baby, she's got it
I'm your Venus, I'm your fire
At your desire
Well, I'm your Venus, I'm your fire
At your desire

Well, for years I thought they were saying p e n 1 $, not Venus. I mean, for like a decade I was singing the wrong words. Ok, so now you know the truth about me.
last edited: 5/20/08 11:20:50 AM”

“LOL, you should have sung it by the fire at trail daze.”

“lumberzack, so you actually got to see gas go down in price. Nice.”

“$131.55

Was over $132 for awhile. Just jack it up to $200 a barrel, what are we going to do about? Just bend over and take it.”