Price of gas..

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$5.91 as I was driving to work this morning...

Every fill for the last few years has been well over $100.
 
Originally Posted By: LT4 Vette
$3.44 at an Indian Tribe gas station.

Not much you can do except drive a fuel efficient vehicle.



Yes that, and investing in oil industry stocks paying 4%-9% dividends that reimburse you for up to 1/2 your annual fuel costs. If you can beat 'em...!
 
Originally Posted By: Hallmark
Originally Posted By: LT4 Vette
$3.44 at an Indian Tribe gas station.

Not much you can do except drive a fuel efficient vehicle.



Yes that, and investing in oil industry stocks paying 4%-9% dividends that reimburse you for up to 1/2 your annual fuel costs. If you can beat 'em...!


you have a point.
 
Originally Posted By: oldhp
And we are EXPORTING gasoline, diesel fuel and ethanol.
Its not the "U.S.A." fuel demand, its the global demand.
Last I knew 40% of Alaska oil makes a right turn at Oregon straight to Japan.


So, if logistics are better doing this, good on them.

We're still net importers of petroleum, if we add value to crude and export finished product that money stays here. It makes more sense than tankers burning fuel covering the world dodging us, and if the alaska oil is too sour they'll go burn it in Burma or wherever.

We can't just close a wall and be swimming in cheap gas *and also* have money valued the same and still be importing chinese stuff.
 
Paid $4.05 at a Chevron near Google's HQ last night. At least buying 8 gallons gave me $1 off their excellent touchless car wash.
 
Originally Posted By: hattaresguy
Buy a Tesla, put solar panels on your house and stick it to them!


You know if you buy a Tesla, the company gives you free charges at their solar powered charging stations.
 
Originally Posted By: Hallmark
Originally Posted By: LT4 Vette
$3.44 at an Indian Tribe gas station.

Not much you can do except drive a fuel efficient vehicle.


Yes that, and investing in oil industry stocks paying 4%-9% dividends that reimburse you for up to 1/2 your annual fuel costs. If you can beat 'em...!


Yep.
 
Originally Posted By: loyd
Gasoline producers are scam artists.


Nonsense. They are a very efficient business that makes much less on the product they sell than government takes in taxes. Other countries are so hungry for refined product that US refiners export tanker loads.
Everyone should own oil company stocks in their retirement account. Most pay a very nice dividend.
 
Originally Posted By: rshaw125
Originally Posted By: loyd
Gasoline producers are scam artists.
Nonsense. They are a very efficient business that makes much less on the product they sell than government takes in taxes. Other countries are so hungry for refined product that US refiners export tanker loads.
Everyone should own oil company stocks in their retirement account. Most pay a very nice dividend.

+1
Federal+State+Local taxes on gasoline is about twice the profit Oil Companies make in selling gasoline. Oil Companies make most of their profits in extracting oil.
 
So just because the government gets their "fair" share it make it AOK for the oil companies to make outlandish and record profits year after year.

Ya, I see that logic?

Glad to see some here like spending more of their disposable income for fuel.
 
Originally Posted By: hattaresguy
Buy a Tesla, put solar panels on your house and stick it to them!


Actually, you're better off buying a Mitsubihi i-Miev, a bunch of solar panels, a battery storage system for all that electricity you produce when you and your car are at work during the day, and then never having to pay for fuel ever again.

Using solar panels on your house to only recharge your car only works if your car is at home during the day (most people tend to work during the day, you know). So that means you need a storage solution for all that power your panels generate.

Now, if you can build a portable panel system that you can setup next you your car while it's parked at work, that would be better.

BC.
 
Oil has always been seen as a big money business. Check out for example "There will be blood" (Roughly based on Upton Sinclair's book "Oil," written I believe in 1922). Like wise "Giant," (the character of "Jet Rink" is also based on a person whose name escapes me right now). The Beverly Hillbillies would have never left the Ozark had they not found "a bubblin' crude."

What no one takes into account with all these riches are the risks the company takes in countless "dry holes" and "dusters." Not to mention the potential for disaster that range from incompetent workers to gross negligence.

What I find odd in this kind of complaint is that no one complains when they themselves make a profit, even a huge or handsome profit. People always complain about "the other guy," (usually big business). What's wrong with them making money? Isn't that what they're in business to do? Isn't that the reason way back when these people started digging holes in the ground in the hopes of finding oil? Not to advance civilization to a new and higher level of existence, but to line their pockets and live better themselves. It's what motivated the wildcatter to risk it all and then some looking for the big strike. We all reap the benefits. Quite frankly, I heartily agree with Ayn Rand who back in the '70's said we should buy their product, thank them for the work they do, and stop complaining.
 
You can thank the EPA for the different fuel blends in different areas. Can't just take gasoline from one market and use it in another. This contributes to the regional rises when things like this happen.
 
Big reason told to us here in the Midwest is that the refinery in Whiting Indiana is only running at 1/3 capacity, why? I have no idea.
 
Originally Posted By: javacontour
You can thank the EPA for the different fuel blends in different areas. Can't just take gasoline from one market and use it in another. This contributes to the regional rises when things like this happen.


+1 but the EPA is really responsible for no new refinery licenses since the 1970's
 
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