What's up with gas?

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Couple days ago, Regular was $2.57 (cheaper than you guys, yes). Today it was $2.79!

I mean come on. Enough is enough already. Still won't make me drive less though. I would ride my bike to work but there are no real safe ways to get there.
 
It cost me 35 bucks to fill up my sunfire yesterday. pathetic. they need to put a hybrid in every car/truck/suv and stick it to the gas companies!
 
I'm about the same now. $38.50 for my Tacoma (2.66 last Friday). My Matrix is around $32-35 on premium. Nothing like dropping $70 for fuel for a week and a half or so.
 
It's been $2.59 every day for the last week, so im not complaining too much. $25 to fill up my corolla, 350 or so miles on the tank.
 
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I would ride my bike to work but there are no real safe ways to get there.




I would like to ride to work as well, but they don't provide any place to stash gear and I am not in a hurry to ride on the freeway. Funny thing is they have ten spaces for motorcycle parking. There's an R1 parked out there everyday.

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Still won't make me drive less though.




Were all so tied to driving, people will cut back on other things, maybe even an odd pump and run. Last summer whenever I filled up at night the pump jockey always wanted to see one of those recipts that said paid on it. I guess people would go inside, buy something else and take off without paying for the gas. I always paid, but many times ignored those guys. Driving is a bad habbit we all need to break.
 
$1 USD = $1.12 CDN so it would cost the American folks $3.88 USD to buy a US gallon in Vancouver (@$1.15L)

I won't complain though as Shannow - or anyone in Europe - will easily beat that price.
 
Still nearly $100Oz to fill up.

Oil was $45US/bbl, and the $Oz was 45c US, and we were paying $1.00Oz/litre. Treasurer, and a nice Texaco guy, explained that every cent our dollar dropped, or every $US/bbl oil rose was 1c (Oz) per liter.

Oil is (say) $65US/bbl, and $Oz is 83cUS.

So petrol is (obviously) $1.00+(65-45)-(83-45), or to those mathematically challenged among you, $1.33/litre.

profits per bbl are at a record high.

supply and demand.
 
Yeah, let's stick it to the oil companies...who have little to do with the price at the pump.

Some of you need to Google: "Futures Trading", and enlighten yourselves.

And there have been countless investigations by countless AG's that always come to the very same conclusions...there is absolutely no evidence of any oil company manipulating prices illegally.

But, I guess if we want to live in a carbon free world, we need to destroy the biggest producers of carbon products.

OR....if we want to get to the bottom of the situation, and find out the facts of why we really have high prices, we will start looking at the tax revenues that are generated from each gallon of fuel sold. Or perhaps we could look at govenrmental regulation and restrictions that drive the prices up?

And for those who gripe about the insane profits that the oil mfgs make, consider that these companies are restricted from investing profits. Another company may well have an annual profit gain of 30%, yet he invests some of the capital on new equipment and facilites, which shows his bottom line as less than 30%...whereas the oil mfg who clears the same percentage of profit, is restricted from investing his proficts in new plants or oil exploration, and has no choice but to post the 30%.
And dang their hides for making money!
 
Jaybird,
down here, at least, the Oil execs (and our treasurer) once explained the petrol price to us (see post above). It was supposed to stop us serfs whining about why it cost so much to get to work.

They never mentioned "futures trading", nor Nick Leeson, and why his managers got bonuses while he went to gaol.

It was a simple formula presented to us. $US/bbl versus $Oz/$US. It was advocated by the Oz treasurer, AND Chevron Texaco.
 
Yeah, it's been going up in Indy as well - the regular yesterday was about $2.77 a gallon. I don't complain much; at 40 mpg (and 400 miles every 2 weeks) the price fluctuations don't really affect me.
 
It will be $4/gallon in the peak summer months. No magic crystal ball here, just applying the same trend this year as for every other year - prices go up in the summer because people drive more. As usual we can blame .
 
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Yeah, it's been going up in Indy as well - the regular yesterday was about $2.77 a gallon. I don't complain much; at 40 mpg (and 400 miles every 2 weeks) the price fluctuations don't really affect me.




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I still get run all over in traffic in my Corolla by soccer moms in 10 mpg SUVs. I still get to the same red light as them, and I get 37 mpg.

Gas still isn't that expensive! I think it's at a price right now that makes people mad enough to drive even more aggresivly.
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Some regions have few refineries, and transportation issues, so voluntary supply restriction can raise prices to above what they would be in a competitive market.
 
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