Gas prices are going up...

[YeLLowBoaT]

This can't be good, Venezuela's president just took over the oil fields. (http://today.reuters.com/news/articlenews.aspx?type=worldNews&storyid=2007-05-01T122330Z_01_N01493022_RTRUKOC_0_US-VENEZUELA-NATIONALIZATION.xml&src=rss&rpc=22)

[Big Warlock]

Gas prices have very little to do with oil prices. Oil is the raw material used in making refined products. It represents approximately 33% of the total cost. Supply and demand is the issue. We need more refinery capacity!! We talk about this every month! :devil:

[AzMandella]

Gas prices have very little to do with oil prices. Oil is the raw material used in making refined products. It represents approximately 33% of the total cost. Supply and demand is the issue. We need more refinery capacity!! We talk about this every month! :devil:
They will never get it Big Warlock. They will always blame GW and anything else they can thiink of for the gas prices instead of the liberals and eco freaks that pushed to defeat the bill to build more refineries and oil exploration.Untill we build more refineries to keep up with the american demand we will be hearing the same thing over and over.

[Quest4Fun]

Is it a coincidence that gas prices go up just when summer is coming and more people are hitting the roads...and lakes? We go through this every year, it seems.

[Tom Brown]

Is it a coincidence that gas prices go up just when summer is coming and more people are hitting the roads...and lakes?
Doesn't sound right. :D :D :D

[Screaming Pete]

man you must be smart......prices going up to 4 bucks just before memorial day and trickling down after labor day ooooohhhhand don't forget just before the election in 08 well see under 2 bucks again.....and exxon will still show record profits every qtr know matter what the price at the pump....
rant over

[n8dawg]

Is it a coincidence that gas prices go up just when summer is coming and more people are hitting the roads...and lakes? We go through this every year, it seems.
It's a good thing that my work pays for ALL of my gas!!!!hahaha:D

[AzMandella]

Is it a coincidence that gas prices go up just when summer is coming and more people are hitting the roads...and lakes? We go through this every year, it seems.
Gee maybe since we don't have the capability to refine enough fuel durring regular times and the demand for fuel goes up durring summer hollidays making the prices go up.Hell we learned the rules of supply and demand in junior high.Doesn't anyone remember that when dmand is high and supply is low that prices go up.And when demand is low and supply is high prices drop.

[AzMandella]

man you must be smart......prices going up to 4 bucks just before memorial day and trickling down after labor day ooooohhhhand don't forget just before the election in 08 well see under 2 bucks again.....and exxon will still show record profits every qtr know matter what the price at the pump....
rant over
Don't forget that you live in California.One of the states that place the highest taxes per gal of any of the lower 48.One of the reasons you are at 4 bucks a gallon while we pay 3 bucks a gallon.Maybe they should rename the state Taxifornia. Wow you can really predict future gas prices?

[Quest4Fun]

Gee maybe since we don't have the capability to refine enough fuel durring regular times and the demand for fuel goes up durring summer hollidays making the prices go up.Hell we learned the rules of supply and demand in junior high.Doesn't anyone remember that when dmand is high and supply is low that prices go up.And when demand is low and supply is high prices drop.
Junior High was a long time ago! Thanks for reminding me of basic economics, but it doesn't help me to cope with these gas prices any better.:(

[Coded-Dude]

Gee maybe since we don't have the capability to refine enough fuel
I'm curious, what is the MAXIMUM that America can produce.........
[EDIT]
http://www.conocophillips.com/NR/rdonlyres/28A26FB3-940E-4CBC-94E3-438CE0C1B604/0/ProfitsGasPump1thru32007ave.gif
http://www.conocophillips.com/NR/rdonlyres/D6FBF1A1-06A3-4EB9-8E37-5CFA495A32EF/0/ProfitsOilVsOtherIndust3rdQ2006.gif
http://www.conocophillips.com/NR/rdonlyres/1323C141-BEAC-45EE-9973-45BAE6321AE8/0/ProfitsGasolinePriceChangeVsOtherItems.gif
conocophillips explains how they make so much money and how its not gouging (http://www.conocophillips.com/newsroom/other_resources/energyanswers/oil_profits.htm#Make_on_a_gallon_of_gas)
Over the last quarter-century, the number of refineries in the United States dropped to 149, less than half the number in 1981. Because companies have upgraded and expanded their aging operations, refining capacity during that time period shrank only 10 percent from its peak of 18.6 million barrels a day. At the same time, gasoline consumption has risen by 45 percent.
The business of turning crude oil into gasoline, jet fuel or heating oil has rarely been a lucrative proposition. It has dismal profit margins compared with its more glamorous cousin, exploration. It is highly cyclical and fairly unpredictable, because demand for gasoline swings sharply by season. And because of low oil prices over the past decades, refiners have been forced into cutthroat competition that has driven many of the smaller refiners out of business.
US: No New Refineries in 29 Years (http://www.corpwatch.org/article.php?id=12227)

[Screaming Pete]

Don't forget that you live in California.One of the states that place the highest taxes per gal of any of the lower 48.One of the reasons you are at 4 bucks a gallon while we pay 3 bucks a gallon.Maybe they should rename the state Taxifornia. Wow you can really predict future gas prices?
i've never filled up a boat in cali$$$$$ and if driving to az i only put enough fuel inthe truck to get me there. why pay .25 - .45 a gal more ever ...thanks a lot of ice, rum and coke ect...

[AzMandella]

Junior High was a long time ago! Thanks for reminding me of basic economics, but it doesn't help me to cope with these gas prices any better.:(
I agree with you that the prices suck.But untill we as a nation push our congressmen to pass legislation to build more refineries to increase supply we will continue to see prices rise.Especially in the high demand seasons which happen to be spring/summer.The period of time when we fill our tow rigs and boats up and travel on vacation.

[lewiville]

anyone know when we are going to get some kind of regulated on pricing on fuel? I mean I go to Wal Mart to get rubber balls and they don't change price every time I go in there. Last time I checked, they are a petroleum product. My .02

[Screaming Pete]

anyone know when we are going to get some kind of regulated on pricing on fuel? I mean I go to Wal Mart to get rubber balls and they don't change price every time I go in there. Last time I checked, they are a petroleum product. My .02
i thought Rubber was just that and plastic was made from petroleum?

[AzMandella]

I'm curious, what is the MAXIMUM that America can produce.........
[EDIT]
http://www.conocophillips.com/NR/rdonlyres/28A26FB3-940E-4CBC-94E3-438CE0C1B604/0/ProfitsGasPump1thru32007ave.gif
http://www.conocophillips.com/NR/rdonlyres/D6FBF1A1-06A3-4EB9-8E37-5CFA495A32EF/0/ProfitsOilVsOtherIndust3rdQ2006.gif
http://www.conocophillips.com/NR/rdonlyres/1323C141-BEAC-45EE-9973-45BAE6321AE8/0/ProfitsGasolinePriceChangeVsOtherItems.gif
conocophillips explains how they make so much money and how its not gouging (http://www.conocophillips.com/newsroom/other_resources/energyanswers/oil_profits.htm#Make_on_a_gallon_of_gas)
US: No New Refineries in 29 Years (http://www.corpwatch.org/article.php?id=12227)
That's a good question.But I do know that we have not built any new refineries in 20+ yrs and the number of cars on the road and boats,planes,and other gas using vehicles has gone up emensly.

[Screaming Pete]

in 1980 Arab Light (w/ght) crude was $28.00 a barrel and algerian crude was $40.00 a barrel, fact so 27 years later its 250% higher....source the Energy Decade 1970-1980

[Big Warlock]

Good info. Looks like I stand corrected on my 33% estimation. I was in the oil business in the 80's.

[sdpm]

Don't you people know anything? Gas in Calif. is "CUSTOM GAS" !! Damn right it's more. It's the best!!:D

[VEGASBABY]

It's a good thing that my work pays for ALL of my gas!!!!hahaha:D This is your boss! Online at a friends house, YOUR FIRED!:D

[Havasu1]

Looks like the channel will get crowded.

[Wake Havasu]

Here in California we will hit $4.00 a gallon.
Next year i predict 5.00 a gallon in June.
In less than five years we will pay 7.00 a gallon.

[photo chick]

Here in California we will hit $4.00 a gallon.
Next year i predict 5.00 a gallon in June.
In less than five years we will pay 7.00 a gallon.
Wow I bitched I paid 3.03 for premium yesterday....what's premium in Cali now?

[TRIMMIN]

This is how the auto industry will get back on it's feet. First they sell a bunch of gas suckers and now everyone will want gas sippers. I've got it all figured out.

[Coded-Dude]

Wow I bitched I paid 3.03 for premium yesterday....what's premium in Cali now?
3.59/gal around here