Gasoline prices?

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dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: judasmachine
the price of a gallon of regular unleaded here (Amarillo, TX) just hit 2.25 at the cheap places. i didn't have the stomach to look at the premium places. the tax prolly acounts for roughly 36% of the price, well last time i looked which was a long time ago ('96ish).

Jumped 10 cents overnight here from 2.09 to 2.19

Should be at least $3.50 by Memorial Day :thumbsup:

 

judasmachine

Diamond Member
Sep 15, 2002
8,515
3
81
Originally posted by: dmcowen674
Originally posted by: judasmachine
the price of a gallon of regular unleaded here (Amarillo, TX) just hit 2.25 at the cheap places. i didn't have the stomach to look at the premium places. the tax prolly acounts for roughly 36% of the price, well last time i looked which was a long time ago ('96ish).

Jumped 10 cents overnight here from 2.09 to 2.19

Should be at least $3.50 by Memorial Day :thumbsup:


Oooh... that's gonna hurt alot of people. Oh well, gotta hit the DTs somewhere...
 

magomago

Lifer
Sep 28, 2002
10,973
14
76
In Inland Empire CA the cheapst I've found for regular is 2.42 at costco...other places hover around 2.50 for regular
 

catnap1972

Platinum Member
Aug 10, 2000
2,607
0
76
Originally posted by: dmcowen674
Originally posted by: judasmachine
the price of a gallon of regular unleaded here (Amarillo, TX) just hit 2.25 at the cheap places. i didn't have the stomach to look at the premium places. the tax prolly acounts for roughly 36% of the price, well last time i looked which was a long time ago ('96ish).

Jumped 10 cents overnight here from 2.09 to 2.19

Should be at least $3.50 by Memorial Day :thumbsup:

[neocon]All part of the Bush plan to rid the country of the useless poor and middle class.

"George W Bush: Making America into a country for the RICH only...one bank account at a time"[/neocon]
[
 

CaptnKirk

Lifer
Jul 25, 2002
10,053
0
71
Gasoline is making a preemptive strike on your wallets -
get in and get as much as you can, then get out before the money is gone.

Gas wars are over - Gas won !

Ripple effect is going to follow through the economy -
it's still a couple weeks before the 'other' effects will show up on consumer prices.
 

Kibbo

Platinum Member
Jul 13, 2004
2,847
0
0
Originally posted by: Stunt

65% of the price of gas in the USA is taxes
How is Canada's gasolines taxes amount to 38% at 85cents a litre and we pay more?
There's no way that is all tax :p[/quote]

It could be that the higher population concentrations leads to greater economies of scale in terms of refement and distribution.

Or, it could be that your data only takes into account taxation at the federal level, and not at the provincial level. That's always the kicker when talking about taxation up here.

As for alternative energy, well, if the price of conventional energy sources keeps rising, alternative energy eventually becomes viable. Once it becomes viable (read profitable) people (read corporations) actually begin to invest in it, both in terms of capital and R&D. This leads to the per-unit price coming down. This is simple logic.
 

dphantom

Diamond Member
Jan 14, 2005
4,763
327
126
Just went up about 20 cents/gallon overnight/late yesterday afternoon. 2.43 and rising in Grand Rapids, MI
 

piasabird

Lifer
Feb 6, 2002
17,168
60
91
Car manufacturers can easily change, but they will not change unless they are forced to by outside forces. Business will not change if there is no competition and no penalty and no law making them change.

There are around 100 different formulations for gasoline. That is about 97 more than what we need. The supply suffers because they make gas in too many blends. So any change adversely affects the market. Many of these stupid formulations of gasoline are forced on the public by EPA intervention. It was the EPA who forced many states and is still doing so to use additives that harm the water.
 

Kibbo

Platinum Member
Jul 13, 2004
2,847
0
0
Umm. . .if your history of environmental regulation is anything like it was up here in Canada, these new formulations were invented in response to the anti-lead regulations imposed in the '70s. I would say that there was a net benefit, at least in environmental terms.

And you're gonna have to connect the dots for as to why all these formulations affect the market so much. Are all these formulations unique? How many of them are just similar products made by different companies? If it cost the companies so much money to keep them all around, why didn't they get rid of them? If it was the EPAs regulations' fault, why so many formulations? Why does each State have different regulations? Surely that would make it seem that one very strict law imposed by the EPA would make it more efficient? Why are gas prices rising all over the world if the problem lies with domestic regulation?
 

conjur

No Lifer
Jun 7, 2001
58,686
3
0
I believe many of the various formulations are now in place to combat air pollution in cities prone to ozone problems.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,685
136
Nice try, piasabird. It was the Feds who mandated the use of oxygenated fuels in some markets, to reduce pollution, and who allowed MTBE to be used for the purpose. It's a refinery byproduct, and they were dying to get rid of it w/o having to refine it further... The other commonly used substance is ethanol, which some midwestern states promote as a way to promote agriculture... MTBE is nasty stuff, ethanol relatively harmless... Even the MTBE is no big deal in the new double-walled underground tanks mandated by law...

I paid $2.48.9 for premium here in central Denver, day before yesterday... turbo motors don't like regular, at all, and my old volvo gets lousy mileage... but I don't drive far on a daily basis, and it's reliable, fast, and it's paid for, long ago... gas is still cheap compared to car payments, comprehensive/collision insurance, and license fees on a new model...

Of course it's going to put a crimp in the economy, but it'll put a big fat jingle in the pockets of Dub's pals... expect the price of other enegy types to follow suit- heating oil, natural gas, electricity...

Vote for the Not so Free Market, vote Republican... BTW, what's it worth to you to keep from freezing to death in the wintertime, anyway? Think your pissant taxcut will cover that? Think you can get out from under via bankruptcy? think again.... But there's always Jebus, and you'll be needin' him real soon....
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: Jhhnn
Nice try, piasabird. It was the Feds who mandated the use of oxygenated fuels in some markets, to reduce pollution, and who allowed MTBE to be used for the purpose. It's a refinery byproduct, and they were dying to get rid of it w/o having to refine it further... The other commonly used substance is ethanol, which some midwestern states promote as a way to promote agriculture... MTBE is nasty stuff, ethanol relatively harmless... Even the MTBE is no big deal in the new double-walled underground tanks mandated by law...

I paid $2.48.9 for premium here in central Denver, day before yesterday... turbo motors don't like regular, at all, and my old volvo gets lousy mileage... but I don't drive far on a daily basis, and it's reliable, fast, and it's paid for, long ago... gas is still cheap compared to car payments, comprehensive/collision insurance, and license fees on a new model...

Of course it's going to put a crimp in the economy, but it'll put a big fat jingle in the pockets of Dub's pals... expect the price of other enegy types to follow suit- heating oil, natural gas, electricity...

Vote for the Not so Free Market, vote Republican... BTW, what's it worth to you to keep from freezing to death in the wintertime, anyway? Think your pissant taxcut will cover that? Think you can get out from under via bankruptcy? think again.... But there's always Jebus, and you'll be needin' him real soon....

Hehehehehe

<---------- Sits back, cracks open a Beer and watches as all this unfolds that I said would happen and all the Elitists said would never happen. :laugh:

Speaking of Elitists:

4-5-2005 Gas prices set record on penny-a-day climb

Record aside, the price of gas already is creating financial hardship for 58% of Americans, according to a USA TODAY/CNN/Gallup Poll taken by phone over the weekend. That's the highest percentage, by far, who've called it a hardship since USA TODAY began asking the gas-price question five years ago.

Nearly half of those polled - 48% - said they already have cut driving to reduce their fuel bills, and 38% say they've trimmed other household spending.


On the other hand, half of those who said gas prices aren't a problem said it would take at least $3 a gallon to become one.



 

Rainsford

Lifer
Apr 25, 2001
17,515
0
0
Our reliance on oil is really stupid, our economy is at the mercy of a finite resource mostly controlled by less than reliable countries. So far it's been ok, but I think what we're going to see in the next 20 years or so is a huge jump in prices followed by an increase in alternative fuels and mass transit. Mass transit is nowhere near its potential in the US, some large cities are doing a good job, but many big cities could improve their systems. And for those that still need cars, alternative fuels WILL be developed when people start demanding them.

I don't understand people who are worried or peple who think the government needs to do something. The market will take care of it, because people won't want to pay so much in gas and alternatives will look more attractive.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,685
136
Get real, Rainsford.

The US economy, what's left of it, is hooked, bigtime, on cheap petroleum. Like junkies, we'll do damned near anything to get it, any reason to justify the required behavior...

The explosive price of it presages a domestic inflationary cycle, and is, in turn, a reflection of the falling value of the dollar, the currency of oil...

Maybe steam engines will make a comeback- you can burn your trash to get to work, even if the warmup period is a little long...
 

CADsortaGUY

Lifer
Oct 19, 2001
25,162
1
76
www.ShawCAD.com
Originally posted by: Bowfinger
Originally posted by: CADsortaGUY
Originally posted by: Bowfinger
$2.10/gal for 10% ethanol blend in Des Moines. A few cents higher for regular unleaded. That's a six cent jump overnight. It's the highest I've ever seen it here (except for a couple of profiteers on 9/11, lasted less than a day IIRC).

Actually it was a $.10 jump overnight but it was last Thursday IIRC. It was 1.99 last week until the jump and has been 2.099 all weekend. It should drop wednesday here though(late tuesday) as that seems to be how things trend here.

CsG
Do you have to disagree with everything? Maybe that's what happened in Ankeny. but around here it jumped a nickel from 1.99.9 to 2.04.9, fell to 2.03.9 (or even 2.02.9 at one downtown station), then jumped again six cents to 2.09.9 (current price). Some stations in Ames are 2.10.9 today.

I don't know about Perry or Indianola or Newton. I've found prices well outside the metro are often several cents different from Des Moines, sometimes higher, sometimes lower. Metro prices are usually within a couple of cents of each other.

:roll: Get a grip Bowfinger - I was correcting/amending your information. I happen to work in Des Moines - I see the gas prices every damn day. It jumped $.10 and was $2.09 over the weekend.

CsG
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Originally posted by: dmcowen674
Originally posted by: Stunt
Where is here?
I like to see oil prices go up...i think it will be a great thing over time.
Yes, higher and faster the better :thumbsup:
Because you actually enjoy being unemployed in a bad economy. We know... we know... :roll:
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Originally posted by: Rainsford
Our reliance on oil is really stupid, our economy is at the mercy of a finite resource mostly controlled by less than reliable countries. So far it's been ok, but I think what we're going to see in the next 20 years or so is a huge jump in prices followed by an increase in alternative fuels and mass transit. Mass transit is nowhere near its potential in the US, some large cities are doing a good job, but many big cities could improve their systems. And for those that still need cars, alternative fuels WILL be developed when people start demanding them.

I don't understand people who are worried or peple who think the government needs to do something. The market will take care of it, because people won't want to pay so much in gas and alternatives will look more attractive.
Our reliance on oil is not stupid, it is because there are NO real or viable alternative fuel sources. NONE. Let me repeat. NONE.
Alternative fuels will NOT be developed because, except for nuclear, hydropower, or biodiesel, (all of which are hugely unpopular with socialist "environmentlist" left) there are no alternatives. And don't feed me this hydrogen sh!t because that's all a lie. It takes more energy to isolate hydrogen into a form usable as fuel than can be recaptured and reused as kinetic energy (otherwise known in physics as the Law of Conservation of Energy).
Or Molly Ivins' piece on Sunday where she said that it is possible to make a car using today's techology that gets 500 mpg. How idiots like that get published, I have no fscking clue. There is only so much chemical energy in a gallon of gasoline, and I can tell you that it is no where near enough to move one ton 500 miles distance regardless of speed and acceleration, even under a theoretical 100% efficiency model.

The people (like Dave here) who actually claim to want higher gas prices ("higher and faster the better") do so not because they want alternative fuels, but because they want the US economy bankrupted and millions impoverished so that they can push forward their socialist revolution.
 

Tab

Lifer
Sep 15, 2002
12,145
0
76
It's around $2.14 in Fargo, North Dakota... :)

My Honda is getting 24 miles per dead Iraqi. Loving it too :)
 

Stunt

Diamond Member
Jul 17, 2002
9,717
2
0
Originally posted by: Jhhnn
Get real, Rainsford.

The US economy, what's left of it, is hooked, bigtime, on cheap petroleum. Like junkies, we'll do damned near anything to get it, any reason to justify the required behavior...

The explosive price of it presages a domestic inflationary cycle, and is, in turn, a reflection of the falling value of the dollar, the currency of oil...

Maybe steam engines will make a comeback- you can burn your trash to get to work, even if the warmup period is a little long...
I disagree.
A decade ago, yeah for sure.
But all the US's energy is made from coal, nuclear, natural gas, and hydro.
Electric is relatively independent, except transport and extraction of coal.
Gasoline is still not hurting as people would start buying super small cars, so this isn't hindering economic progress.
Plastics have been grossly underpriced since their introduction, an increase could stimulate alternative products...like hemp instead of polyester. The biggest hit would occur in china where all the plastic crap is made.
US economy was based on efficiency, namely lean, just in time shipments. With less of a dependency on manufacturing, the US economy will spend less shipping for each value added step, and pay exclusively for distrobution in most cases.

The only people affected by oil prices are consumers transportation. There are many measures to reduce this...more small cars, more transit, more carpooling.

Not to mention the world pays a constant rate for oil no matter where you are. Tell me which nations will be more likely to outbid places like india, pakistan, china.
The US...that's right.
Quit your worrying, people have worried for a long time.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Stunt, you must not watch the economic news in the US. Inflation is a big concern here right now, primarily fueled by rising oil prices.

To think that "the only people affected by oil prices are consumers transportation" is simply to be completely ignorant on this matter, if you'll excuse me. What you're missing is how oil prices affect the value of the US dollar.
 

Stunt

Diamond Member
Jul 17, 2002
9,717
2
0
Actually, it's the budget deficit, debt, trade deficit, investors that have little confidence in the US greenback; cause the decline in the dollar.
The oil is then traded in US currency inflating the prices higher.
Also with the growth in the developing world and in the US, the demand for oil has skyrocketed, increasing the price.
I'd be interested to hear all the countries that are not dependent on oil, how they are doing economically, and see if they will be able to out bid the US when it comes down to a bidding war on limited supply.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
You think the goods you buy are magically transported to your local stores?