Gas prices.........

[Havasu_Dreamin]

A sign at a Shell station in Pasadena, CA from CNN.com
http://i.a.cnn.net/cnn/2005/images/08/11/top.gas.pasadena.jpg

[Vada]

translate into litres please :D

[LAFD]

prices are just gunna get worse. cause doesnt the price usally go up around labor day. oh man just cant wait. pisses me off everytime i pass a gas station and look at the prices.

[PalapaHead]

:crossx: :devil: :( :boxingguy :mad: :jawdrop: :mad: :skull: :220v: :argue:

[Not So Fast]

And yet Mobil Exxon reported a 32% profit increase last quarter, price gouging???????????????????????? Now the airlines are running out of fuel, and the diesel prices will make the trucking industry charge more for YADA-YADA-YADA :cry: :cry: :cry: NSF

[Big Warlock]

The answer is more refineries and infrastructure. The government would allow that, you would see prices go down. The oil companies are tryingt o control consumption by raising prices. The fact is they are on "just in time" inventories. Consumption has shot up and the environmentalist are puting pressure on no more construction of refineries. So as they run out of product, they raise prices to try to get consumption down. (Capitalism 101)
Remember that oil is only 33% of the cost of the final product. Doubling that percentage doesn't equate to the prices we are seeing. It doesn't help, but makes it look like the price is shooting up. A crazy middle east doesn't help either. We need to glass that baby over (nukes work well) and take over the oil fields. That's what it's all about anyways! (Yes, I am a Republican)
Also, need to hit the goernment on some tax relief! Let's not forget both state and fed tax on gas is one of, it not "the" highest tax per percentage of any product we consume! Somewhere around .80 cents per gallon? ONe of the Fed taxes was an emergency tax that was passed in 1981 that has never been repealed. I don't think anyone remembers what the emergency was?
:crossx: :mad: :crossx: :mad:

[Vada]

Please convert to litres so that I can compare :D :p

[Havasu_Dreamin]

I believe in LA county, total federal, state and local taxes account for $.37 for each gallon of gas. More refineries will help but since no new ones are being built, it really is no help since I've read they take like 5-7 years to build.

[upsman105]

Please convert to litres so that I can compare :D :p
4 liters per gallon, multiply by 4.

[Throttle]

gas prices are a joke indeed! I've been payin about 2.29 in Havi and got home today to pay 2.89.... crock o shiat!

[WILD LAVEY]

3.09 for diesel! what the f@#k

[Freak]

Get ready for it to jump up this weekend. 5 cents nationwide means 25 cents for you people out west. No relief in sight coming. Fill up now. http://www.msnbc.msn.com/id/8912403/

[SummitKarl]

well............we got a oil man in the White House......need I say more.
hell I gota pay $4.59per gal just to keep my Falcon running, it no likey 92 oct

[WYRD]

With the prices going through the roof I forsee a major downfall in the US economy..............better start saving you pennies :idea:

[MagicMtnDan]

1. Oil companies are public companies.
2. Public companies' goal is to have more profits each quarter.
3. When oil companies are allowed (there are no controls on them) to have more profits each quarter they will.
4. With the continuous rise in oil prices oil companies don't have any need to find ways to lower their costs. They can simply keep refining oil and selling gas and diesel, etc.
Ka-chunk, ka-chunk, all you want at prices never seen before.
We're dooooooooooomed!

[Eliminator 4 Life]

With the prices going through the roof I forsee a major downfall in the US economy..............better start saving you pennies :idea:
oh now you are a analyst (sp) you should talk about saving pennies :p :D

[beer hunter]

I believe in LA county, total federal, state and local taxes account for $.37 for each gallon of gas. More refineries will help but since no new ones are being built, it really is no help since I've read they take like 5-7 years to build.
Scott, that's about right but you need to add aprox. 8.5% sales tax to that number.
As far as building new refineries, good luck! The focking socialist in this state and others would tie-up any new proposed refinery in the court system for decades with BS lawsuits. :mad:

[Freak]

Scott, that's about right but you need to add aprox. 8.5% sales tax to that number.
As far as building new refineries, good luck! The focking socialist in this state and others would tie-up any new proposed refinery in the court system for decades with BS lawsuits. :mad:
Not for much longer. Desperation will override their nonsense. People will demand it.

[OMEGA_BUBBLE_JET]

The gas companies are finally making a move. The company I work for is bidding on a HUGE refinery to be built in India.
We are also working several jobs for coal gasification for the US. Two are currently under way. One for Kentucky and one in West Virginia. The oil companies are making a killing but when these facilities cost billions of dollars they need a little capital to start a project of this magnitude. I personally don't mind paying $3 a gallon as long as I have a job in the petro chemical heart of the nation (Houston)
I remember back in 98 when gas was $0.79 a gallon......that was just before companies starting letting folks go 1000+ at a time.
Has anyone considered the war abroad might be to blame for some of the shortages???? Just about everything our military has runs on diesel.
Omega

[XtrmWakeborder]

:idea: You guys should just sell your big fast boats really cheap now and save yourselves the headache of dealing with these gas prices.... ;) :D I think i may have a buyer lined up

[kevnmcd]

A sign at a Shell station in Pasadena, CA from CNN.com
http://i.a.cnn.net/cnn/2005/images/08/11/top.gas.pasadena.jpg
So how you liking that new 8.1L Suburban now? :220v: It's like having 2 car payments....1 for the car and 1 for the gas! :cry: I guess I will live with my 1 gas payment a month. :)

[Havasu_Dreamin]

So how you liking that new 8.1L Suburban now? :220v: It's like having 2 car payments....1 for the car and 1 for the gas! :cry: I guess I will live with my 1 gas payment a month. :)
$84 to fill it up the other day.

[2Driver]

If we put as much in our kids College 529 plans each month as we put in our tanks our kids could all be going to Harvard law school.
$hit! My wife and I do very well and we are really rethinking this whole boating thing. Maybe not an exit, but a modification. Now $80 to just to fill the truck! $200-$300 weekends….. seems like there area lot of options now for fun at that price....and that comes hard to say. :(

[Havasu_Dreamin]

Now $80 to just to fill the truck! $200-$300 weekends….. seems like there area lot of options now for fun at that price....and that comes hard to say. :(
All I know is the Unocal in LHC best be sending us a damn Christmas card this year! But fun costs money and memories are priceless.

[CA Stu]

With the prices going through the roof I forsee a major downfall in the US economy..............better start saving you pennies :idea:
Are you high? Even for commuters, how much is an extra buck a gallon worth at the end of the month? $100?
For the commercial user, the cost will be passed along to the customer.
I think the more pressing issue is the leveraging of every piece real estate to the moon on "interest only" and variable APR loans. People have borrowed so much money, when the note comes due, the shiyat will hit the fan.
For someone with a variable APR mortgage, what's 1/2% interest bump worth per month?
$200+ (foreclosure)?
What would be the net cost of a 5% devaluation of real property be worth?
$25,000+ (foreclosure)?
Hell, if a commuter carpooled one day a week, even after factoring in the increase in fuel prices, their monthly nut would decrease, I'm sure! Maybe even carpooling once every 2 weeks!
What exactly would make you "foresee a major downfall in the US economy" based on fuel prices? :messedup: :messedup: :messedup:
Thanks
CA Stu

[Hallz]

I was told by a Unocal share holder that it will be over $3.00 for regular unleaded even closer to $3.40 a gal then back off to $3.00 a gal once everyone freaks out and raises hell.
That way we will feel we got a break. He was syaing a .04 cent hike per day was the increase rate. I hope not, but we will see. What else can we do about it other than pay to play???

[Not So Fast]

well............we got a oil man in the White House......need I say more.
hell I gota pay $4.59per gal just to keep my Falcon running, it no likey 92 oct
WHAT HE SAID, TRIPLE and I think the VP is also right??:devil: NSF

[Big Warlock]

1) Someone check the pumps in Ca. Some of them tell you what your paying in taxes. I am just curious.
2) Some of you need to study Capitalism. That is still the basis of our economy right? As demand rises so will price, until demand is stemmed. As demand is lowered, price will lower. Problem with fuel is economy is expanding rapidy (in real terms) and there is no added capacity. Companies have offered to build more refineries but have been hampered by regulations, government and enviromentalists. Your all gung ho to double your profits on a house with appreciation but get pissed when gas prices move out of favor? Start a company and sell gas for what you think it is really worth! That is the American way!
3) A refinery in India is not going to help. It is my understanding that the US does not allow imports of refined fules? Anyone verify that?
4) Bottom line: Think about it next election. Government regulation is not the answer.

[CA Stu]

Please convert to litres so that I can compare :D :p
1 litres = 0.264172051 US gallons
So divided out, 3.79 litres per gallon. Divide by 3.79, not multiply like the other guy posted.
Cheers
CA Stu

[HocusPocus]

as of 6/28/05
UK TEESIDE $5.64
HONG KONG HONG KONG $5.62
UK MILFORD HAVEN $5.56
UK READING $5.56
UK NORWICH $5.54
GERMANY FRANKFURT $5.29
DENMARK COPENHAGEN $5.08
NORWAY STAVANGER $5.07
NORWAY OSLO $4.93
ITALY ROME $4.86
TURKEY ISTANBUL $4.85
PORTUGAL LISBON $4.80
KOREA SEOUL $4.71
SWITZERLAND GENEVA $4.56
KOREA KOJE/OKPO $4.53
AUSTRIA VIENNA $4.50
CROATIA ZAGREB $4.32
JAPAN TOKYO $3.84

[CA Stu]

Are those Imperial Gallons or US Gallons?
An Imperial (UK) gallon is larger than a US gallon...

[HocusPocus]

Are those Imperial Gallons or US Gallons?
An Imperial (UK) gallon is larger than a US gallon...
the article i pulled it from didn't mention how the prices were gathered or if they used liters, gallons or what. so im not sure.... just thought it was interesting.

[CA Stu]

the article i pulled it from didn't mention how the prices were gathered or if they used liters, gallons or what. so im not sure.... just thought it was interesting.
Points out what a bunch of crybabies we are :hammerhea :220v: :)
Cheers
CA Stu <--buying a pedal bike

[Big Warlock]

But the same people will go out and purchase a $1.00 bottle of water (12 oz)
Cracks me up!!!
:hammerhea

[Hallz]

And this was another topic in the conversation, according to them @ $3.50 a gal we would still have a lower fuel cost than other places "so we should consider ourselfes lucky" :notam:

[Chase]

translate into litres please :D
1 gal=4.54 litres.....imperial gallon

[Chase]

We are @ 99.9c/l...........4.53546 dollars per imerial gallon......LETS GO BOATING

[2Driver]

1) Someone check the pumps in Ca. Some of them tell you what your paying in taxes. I am just curious.
2) Some of you need to study Capitalism. That is still the basis of our economy right? As demand rises so will price, until demand is stemmed. As demand is lowered, price will lower. Problem with fuel is economy is expanding rapidy (in real terms) and there is no added capacity. Companies have offered to build more refineries but have been hampered by regulations, government and enviromentalists. Your all gung ho to double your profits on a house with appreciation but get pissed when gas prices move out of favor? Start a company and sell gas for what you think it is really worth! That is the American way!
3) A refinery in India is not going to help. It is my understanding that the US does not allow imports of refined fules? Anyone verify that?
4) Bottom line: Think about it next election. Government regulation is not the answer.
Well said.... And add to that China is starting to stick a very big straw into the world supply as they dawn, yep dawn, as an industrial power and those bazillion Chinese’s becoming oil using consumers...just wait and see that impact in 3-5 years .....that is why they re looking to buy US owned oil companies.
It is like being in Florida prior to a hurricane and everyone is making a mad dash to home depot to get plywood, Well China is doing just that excecpt it is oil..... It is just we haven't been able to accept that yet and sit and wish gas would be $1.50 again. :squiggle:

[desertbird]

4 liters per gallon, multiply by 4.
3.785412 Liters per gallon, but who's counting! :mix:

[BajaMike]

I paid $2.97 per gallon today in Dana Point, CA :confused:
$50 to fill up my BMW....my truck would be almost twice that much! :confused: :devil: :mad:

[Flyinbowtie]

World demand is clearly a major part of the increase in the price of crude.
China is just getting fired up. They have the $ to get what they want, and they are only begining to get a taste for oil.
The fact that the our own enviro-socialists have been allowed to become completely out of control in this country and put us in a position where we cannot produce or refine enough fuel to satisfy even a strong percentage of domestic demand is another part of the puzzle.
It is difficult to make people believe that the oil compaines are not screwing us when they post record profits after a 42% increase in the price of fuel over one year.
I understand that supply and demand drive the market, but I think it goes deeper than that when it comes to petroleum. I am very close to a number of folks who are owner-operators of OTH trucks, and while we have all started to feel the pinch at the pump, we haven't even got the first taste of what $3.25 a gallon diesel fuel is going to do everything that moves in the economy.
We are all still going to buy the stuff, and those of us with internal-combustion hobbies are going to buy even more. The price won't go down until the tanker shows up at the station for a delivery and the station has no place to put it, 'cause we ain't buying it, and his storage tanks are still full.
That being said, there something is wrong when one industry can, by the act of seeking to determine the absolute maximum price people will pay for their product, have such a dramatic impact on the health of the entire nation's economy.
The fact that we have pumped money into the economy for a number of years by a lot of folks stepping way out there on the edge with creative real estate financing, etc., just makes us a hell of a lot more vulnerable to a recession, and I think there is one coming, and I don't think fuel prices are going to go down much even after it hits.

[upsman105]

1 litres = 0.264172051 US gallons
So divided out, 3.79 litres per gallon. Divide by 3.79, not multiply like the other guy posted.
Cheers
CA Stu
Sorry I was not exact enough for you!! I meant he could multiply his price by
4 and get our price. :hammerhea

[Dusty Times]

It's the damn deisel prices that are killing me.
More than super????????? :hammerhea
My heavy equipment and trucks burn more in a day than I burn personally all year with my boat and tow rig.
I'm about to start riding jet skis and driving mini trucks. It'll be the only thing I can afford

[Big Warlock]

I am very fortunate. I have been very successful. And the market I am currently in has been excellent. However, there are people every day that go broke, in the same business. That's because they don't understand the business side of their business. They are good foremen or supers and decide to show everyone how to get it done. But have no idea about costs, taxes, etc. etc. They end up owing the IRS a ton and everyone else. Lack of cash flow management and no lines of credit to pick up. They end up in bankruptcy. And their clients end up paying me a whole bunch more money to take over and get it done. And that's if I have time.
I am fortunate to be able to pass my fuel costs onto my clients.
But I don't lose sleep at night because I am making money. If you think the oil companies are making too much money, you should start your own oil company. That is what makes America what it is. Start the company and start producing and refinining oil. Under cut the bastards. Then sell to your HB friends and we'll fill up our boats, cars, trucks and planes!!! You'll make millions!!! (unless your currently in the lucrative field of delivering pizza or bagging groceries, then I understand you don't have time.)
I hate when people complain about how much money someone or some company is making. If I gave you that same opportunity you would take it in a minute. Or are you part of the communist problem that believes we should all share? What about the sacrifices I made along the way? 5 years in the service, engineering undergraduate degree, night school for my MBA (paid for by the ARMY as part of my service obligation) (And yea, I went to the first Gulf Shin Dig in a tank! 2nd ACR) I mortgaged my house to buy into a business, then built it over years and worked my a$$ off. Trust me, no one is coming in to tell me I make too much money. I make what I made for myself. And I am not going to apologize for it. Start your own company. Others have done it on here on HB and we have always supported them with encouragement and information. And I know I am not the only one.
Sounds like many of you have the answer to the oil crisis. I am sure you will bring forth your experience, education and enthusiasm to make it right with the world. Let me know how I can help you. I want cheap gas too!!! :hammerhea

[OMEGA_BUBBLE_JET]

[QUOTE=Big Warlock]
3) A refinery in India is not going to help. It is my understanding that the US does not allow imports of refined fules? Anyone verify that?
[QUOTE]
A refinery will help. This is going to be the largest refinery in the world. Our refineries in the US were all built 25+ years ago when China and India were not huge consumers. Now their demand has sky rocketed.
This refinery is not to supply gas to America, instead it's intended function is to supply Eastern countries with petro. Fortunately, India does not have as many BS environmental protection agencies. Building a refinery there is no problem.
Remember, we are moving towards a global economy and therefore we should think of our petro needs in terms of global demand.....not just what is here in the US.
Omega

[Seadog]

No body stood up for the oil companies when the enviros and NIMBYs fought them tooth and toenail to prevent new refineries. Particularly not Clinton and his cronies. So the oil companies said the heck with it. They knew what would happen, because they did not have delusions about the future demands of oil. Those fools that have the temerity to point the finger of blame at the oil companies should remember the old adages. When we let the idiots determine policy, we should not be surprised with idiotic laws.

[hotlavey]

No body stood up for the oil companies when the enviros and NIMBYs fought them tooth and toenail to prevent new refineries. Particularly not Clinton and his cronies. So the oil companies said the heck with it. They knew what would happen, because they did not have delusions about the future demands of oil. Those fools that have the temerity to point the finger of blame at the oil companies should remember the old adages. When we let the idiots determine policy, we should not be surprised with idiotic laws.
Right on.

[Sherpa]

just paid $3.49/gal for diesel in Truckee, Ca........
ouch.
--Sherpa
now glad I didn't pull the trigger on a new duramax........
for now.