What's up with Fuel Prices ....

Status
Not open for further replies.
$2.40 a month ago now I paid $3 yesterday to fill the company car.
I say 3.50 before Memorial day, more like $3.75-$4.
deadhorse.gif
 
Quote:


$2.40 a month ago now I paid $3 yesterday to fill the company car.
I say 3.50 before Memorial day, more like $3.75-$4.
deadhorse.gif





In the past two years, prices have leveled-off by Memorial Day. I don't expect above $3.00 unless something goes haywire with one of the major pipelines - or real bad news that lingers - coming out of the Middle East.
 
Quote:


$2.59 in Kansas City on the MO side. 7 cents higher on the KS side.
frown.gif





Yeah Kansas and it's overly high taxes. Usually if I go south the prices gets cheaper by 10 cents. This trip the prices in Harisonville was 10 cents higher. Stayed that way into Arkansas. Strange how the gov't isn't curtailing monolopies as they used to.
 
Silly commoners.

It is your own fault for being failures.

If you were one of America's elite class you could pay $25 per gallon and never notice the cost. It would be like paying a penny per gallon at your miserable level of existence.

Now, quitcher' bellyachin' and get back to work and obey your betters.

Foolish commoners.
 
Quote:


Silly commoners.
It is your own fault for being failures.
If you were one of America's elite class you could pay $25 per gallon and never notice the cost. It would be like paying a penny per gallon at your miserable level of existence.
Now, quitcher' bellyachin' and get back to work and obey your betters.
Foolish commoners.


I'm trying to figure out how to make money off the high gas prices.
 
Even with increased prices for fuel, demand for it keeps increasing. Price is still headed upwards here!

Weather folks are talking of an active hurricane season and if one slams into the refineries along the Gulf, we will see much higher prices!

I too think we will see fuel prices go even higher as summer driving season starts.
 
I was walking into Stop and Shop (Supermarket chain) and saw someone toss a coupon for 10 cents off per gallon at Stop and Shop gas stations. So I picked it up, why not right? I guess the high prices don't affect some people or they just don't care enough to save money.
smirk.gif
 
Quote:


Buy stock in oil companies. That's what I did.




laugh.gif
laugh.gif


Unsure why I interpreted thine reply as funny but Old Coot (tm) chortled nonetheless.

/I need to get out more
 
Quote:


The weather folks are predicting a had hurricane season this summer in the Gulf and East Coast.

If one slams into the oil storage and refineries in the Gulf, fuel prices will be at record levels.

Even with higher prices now, seems that traffic is heavy? I look for prices going much higher this summer.




Just like last year when they predicted all heck was going to break loose and we would have a horrific hurricane season. Last year was one of the quietest years on record. Fact is, scientists know just a little more than the average joe about how the oceans, atmosphere and rest of the planet interact to form these storms. I consider these types of warmings just media hype...no one knows what will happen.
 
I've tried to convince myself otherwise, but...sure there are market forces like supply and demand, etc., at work here and also "robber baron" forces at work too. As long as the oil companies and their allies have their man in the Whitehouse they will manipulate the gasoline market to the extent they can--at will. Record oil company profits prove that point. Just knowing that you have friends in high places who won't take action against you has to be a factor as well.

If fuel prices are suppose to be set by market forces based on supply and demand while production costs remain basically the same who all is reaping the profits? It seems all too easy to manipulate the oil market. I'm reminded of the 1980's when the Hunt Brothers failed attempt to corner the silver market gave us a year of crazy prices for camera film and everything else that silver was used in. Markets can and are manipulated, probably more often than we know!
 
Greedy stock speculators and the iran/British incident have hurt gas prices.
The oil companies generally clean and go over the equipment in spring, and change over to summer fuel. This creates a temporary slowdown in production. The pump prices remain high longer than needed, of course. They have us by the stones and know it.
 
Quote:


Seriously...isnt it funny (see deja vu)...here we are in a gasoline/fuel situation again...and Detroit is cranking out the muscle cars again....just like 30+ years ago
smile.gif





Yeah, and Toyota is making a full-size truck with a large displacement V8.

The new Camry has 270hp, the new Altima has 270hp, etc. To say that domestic manufacturers are the only ones in the new "horsepower wars" is simply not true (if that's what you're trying to say).
 
As far as I'm concerned, it is not expensive enough. I took a 360 mile round trip drive this weekend and set the cruise control at 72 mph (which I believe will translate into true 70 mph for the car I was in). I only passed a handful of cars. Most people are driving between 75-85 quite a few outliers travelling above 90 mph, even in gargantuan vehicles that are probably lucky to make 15 mpg at those speeds.

Remember 1999. Gasoline was only a little bit above $1 a gallon. Low fuel prices coincided with booming sales of big trucks. If "they" were so good at manipulating prices, then prices would never have fallen so low. I am not saying pricing shenanigans don't go on, but I have seen the enemy, and it is not the oil industry. We are our own worst enemies.
 
Quote:


Quote:



I really don't understand why people who can afford to buy $40K SUV's complain about the cost of fuel. It's such a small part of their ownership costs.




Well, of course, not all of them complain. But, there are apparently a very large number of them that really have a hard time affording to fund fueling their choice of vehicle. Too bad for them. I've said for years that the "Gotta have a Hemi to go to the grocery store" crowd (or whatever label you want to invent) wouldn't change their preference until gas hit at least 5.00 per gallon. Maybe I was wrong, maybe it will take gas at 7.00 per gallon. It's just too cheap now to make a significant impact on consumption.

Even Starbucks sells coffee at much higher prices than gas. Bottled water, too, for that matter...and people still buy. We're spoiled rotten rich, that's why. The poorest of us are typing on computers!




It's similar to thinking about just how expensive do cancer sticks have to go until smokers will even consider giving them up (and yes, I know it's a hard core physical addition)?? $10.00/pack? $15.00/pack?
Phillip-Morris has them by the gonads just as firmly as Exxon-Mobil has us drivers.
wink.gif
 
Regardless of the $3.40/gal here - people are still racing their cars at night on the street in front of my house - they're still going 95+MPH on the freeways. Gas isn't expensive enough for those folks. However, as someone going to college and working full time - I can tell you that gas prices have had a huge impact on my lifestyle. Very few movies, not going out to Subway much anymore, bringing lunches to work, etc... All for the better me thinks.

I'm just waiting for gas to hit $4.00+/gal when I drive to see family in Iowa (4,000 mile total round trip). Almost cheaper to buy an airplane ticket.
 
I've got two main points to add to this discussion:

First point is that, while fuel prices are going up, one thing you can do to offset it slightly is get yourself a cash-back credit card that gives you added bonuses for fuel and grocery purchases. All last year I used my Citibank Platinum Select Dividend (*phew*, what a name) and "earned" back $300 (the limit on rewards) in the form of cold hard cash. They were paying 5% back on fuel and groceries, and that adds up; at $3 a gallon, you're getting $0.15 off, which can add up to around $2/tank for my vehicles. This year Citi has decided to hedge back the rewards to 2%, so I've switched to an American Express card which offers benefits similar to my old CitiBank (but with some more complications--I won't get into it). Either way, if you're responsible enough to pay your bill in full every month, those reward dollars can really add up to some savings in fuel costs. That said, I've never given a pennys worth of interest to any credit card company.

Second point was just a statement in regards to speed. While I agree that in general people should slow down for both safety and economy reasons, there are situations which warrant high speed driving. For example, when driving through many midwestern and southwestern states, doing 55 mph would be absolute torture. When driving across long stretches of I-40, or I-8, or to a lesser extent, I-44, I routinely set my cruise control at 85 or 90 mph, and on occasion even faster speeds. Any less would be absolute torture on these roads. For the daily commute, though, especially when driving with lots of other cars, slowing down and giving yourself more room between cars will definately save money on fuel.
 
mstrjon32 - I got my Citibank Platinum Select dividend card - I second what you are saying. It is nice to get a nice $$$ check back from all the gas I use. Congrats on no interest payments to CC companies!

Yes, anyone going less than 70mph usually gets honked at, tailgated, and comes close to causing a lot of accidents on the freeways here. So driving 45mph on freeways just isn't practical these days - specially with everyone going 90+mph. However if you do it right you can keep your MPG - slow down up hills and then speed up down hills.
 
Quote:


As long as the oil companies and their allies have their man in the Whitehouse they will manipulate the gasoline market to the extent they can--at will.



Hahahahahahahah GWB is controlling world prices of Gasoline. LOLZ
laugh.gif
 
Status
Not open for further replies.
Back
Top Bottom