Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

[Capt Caveman]

No, but you're a compulsive lying troll.

95% of what dmcowen674 posts is lies, the other 5% is utter bullshit.

Nothing new from Dave. There used to be another huge gas/oil thread where Dave lied constantly and was caught every time.

Watch out though, Dave my have his lawyers demand Anandtech to release your information.

 

[Londo_Jowo]

Watch out though, Dave my have his lawyers demand Anandtech to release your information.

I'll help them out, I live at one of the many secret oil storage facilities that hoard oil and drive gas prices through the roof........well just in Chicago.

 

[dmcowen674]

I just listened to that speech and what Trump said was that gas was $4.54 at one station they passed on their way to CPAC (about 6:50 min in.) I think he had his numbers wrong and it should have been $3.54, but $4.54 is what he said. He also said (about 8:00 in) that a year or two from now we're going to be paying 7,8,9 $ a gallon for gas.

Thanks, I couldn't find a link with his full speech, only snipets. :thumbsup:

 

[Londo_Jowo]

Oil drops below $86/barrel.....currently $85.31/barrel.

http://money.cnn.com/data/commodities/

 

[bfdd]

Valero has sold off several recently after they purchased so many in a few years. I've hear it has to do with the low profit margins and high benefit costs (pension payouts)

Valero ran/runs a clean and nice refinery in Wilmington. One of the nicest I have ever worked.

 

[Londo_Jowo]

Valero ran/runs a clean and nice refinery in Wilmington. One of the nicest I have ever worked.

Is that the refinery that used to be owned by ARCO? If so, I've worked there and agree it's one of the cleanest refineries I've worked at in the US.

 

[potluv]

Valero ran/runs a clean and nice refinery in Wilmington. One of the nicest I have ever worked.

Unpossible! It's in a democratic Mid-Atlantic state full of devil worshipping homosexual liberals.

 

[Londo_Jowo]

Unpossible! It's in a democratic Mid-Atlantic state full of devil worshipping homosexual liberals.

Wilmington, California is in a Mid-Atlantic state?

 

[potluv]

Wilmington, California is in a Mid-Atlantic state?

Thought it was Delaware, but it still applies to California too.

 

[Doppel]

I just listened to that speech and what Trump said was that gas was $4.54 at one station they passed on their way to CPAC (about 6:50 min in.) I think he had his numbers wrong and it should have been $3.54, but $4.54 is what he said. He also said (about 8:00 in) that a year or two from now we're going to be paying 7,8,9 $ a gallon for gas.

Good find and thanks for taking the time. Newbie owned. :'(

That said, the earlier posts are still truth-averse, e.g. talk of Chicago gas prices and gas stations closing up for riots and similar fabrications.

 

[bfdd]

Wilmington, California is in a Mid-Atlantic state?

You worked at the old Shell refinery? Tesoro bought it a few years ago. It was funny to me working down in the LA refineries(where I spent most of my time) seeing how drastically different some companies ran their facilities. Some are wonderfully clean and well ran, others are down trodden and ran by morons.

 

[Engineer]

Oil might be declining but gas prices hit highest point ever for this time of year in the US

 

[Londo_Jowo]

You worked at the old Shell refinery? Tesoro bought it a few years ago. It was funny to me working down in the LA refineries(where I spent most of my time) seeing how drastically different some companies ran their facilities. Some are wonderfully clean and well ran, others are down trodden and ran by morons.

I've worked in over 150 refineries worldwide including all of the refineries in the LA and SF areas.


In other news:

Oil prices fall on Mubarak's resignation

http://money.cnn.com/2011/02/11/markets/food_prices_commodities/index.htm

 

[umbrella39]

Moderator, why is continual lying allowed? dmcowen states obvious lies and is challenged on them and ignores. Is this not classic trolling?

Really? Another alt account just to flame Dave? Wow.

 

[Mike Gayner]

Can somebody in europe post what they're paying for gas and do liter to gallon conversions for us americans?

Not in Europe, but here in NZ we are currently paying NZ$1.99 per litre, which according to google is USD$5.70 per gallon. I'm sure most Americans know by now that they pay A LOT less for fuel than most other countries, which explains why the US is such an excessive user of gasoline.

The main difference for the price inequality is that the NZ government (like the EU governments etc) taxes fuel heavily.

 

[Doppel]

Not in Europe, but here in NZ we are currently paying NZ$1.99 per litre, which according to google is USD$5.70 per gallon. I'm sure most Americans know by now that they pay A LOT less for fuel than most other countries, which explains why the US is such an excessive user of gasoline.

The main difference for the price inequality is that the NZ government (like the EU governments etc) taxes fuel heavily.

Yes, life can in fact go on after high gas prices. Just not in the same way. If it was $6 here the SUVs would be getting sold for small pennies on the dollar and the car culture would look more like the rest of the world's. This is a source of hope actually because the US has a lot of spare capacity of gasoline pain that other nations like yours do not have because you're already paying through the nose comparatively thanks to your taxes. Should this economic recovery ever take it's very likely the recent glut of buyers who're happy about not being canned in the recession are going to feel quite stupid about their big-car purchases. Small truck sales are doing very well and it certainly isn't because of contractors building new homes.

 

[Rebel44]

Can somebody in europe post what they're paying for gas and do liter to gallon conversions for us americans?

Sure,

current price of unleaded gasoline is 7.23$ per gallon
current price of diesel is 7.05$ pre gallon

 

[dmcowen674]

Oil continues to rise, Oil minister says market well supplied, he can't explain the rise in prices

2-14-2011

http://www.presstv.ir/detail/165154.html

UAE: Oil market very well supplied

Oil prices surged beyond $101 a barrel in Asian trading Monday

Following Egypt's revolution, which surged oil prices over the past weeks, UAE Energy Minister Mohamed bin Dhaen al-Hamli says the oil market is very well supplied.

"Oil prices are reacting to events wherever they are. Events in Egypt have also contributed to the movement in prices," al-Hamli told reporters on the sideline of an oil forum in Abu Dhabi on Monday.

"The market is well supplied.

The current price cannot be explained by the market fundamentals," the UAE energy minister added.

 

[Doppel]

US Oil Near 10-Week Low as Supply Worries Ease

http://www.cnbc.com/id/41565736

 

[dmcowen674]

2-14-2011

http://news.yahoo.com/s/ap/20110214...jY29yZGlvbl9idXNpbmVzcwRzbGsDb2lscHJpY2Vzcmlz

Oil prices rise after Chinese export report



China said that exports jumped 37.7 percent — more than double the rate in December — to $150.7 billion.

A rise in Chinese exports suggests consumer demand is rising as well, and that could expand consumption of gasoline, diesel and other fuels.

 

[Londo_Jowo]

2-14-2011

http://news.yahoo.com/s/ap/20110214...jY29yZGlvbl9idXNpbmVzcwRzbGsDb2lscHJpY2Vzcmlz

Oil prices rise after Chinese export report



China said that exports jumped 37.7 percent — more than double the rate in December — to $150.7 billion.

A rise in Chinese exports suggests consumer demand is rising as well, and that could expand consumption of gasoline, diesel and other fuels.

Wow, oil prices rose a whole 11 cents a barrel. Currently trading below $86/barrel.

The sky is falling!!!!!!!

 

[bamacre]

Wow, oil prices rose a whole 11 cents a barrel. Currently trading below $86/barrel.

The sky is falling!!!!!!!

You do realize that Bernanke is trying to prove Dave correct, right?

 

[dmcowen674]

http://www.chicagobreakingnews.com/...gas-prices-20110216,0,6034941.story?track=rss

2-16-2011

Gas prices motoring upward


It's been such a steady climb that gasoline prices have reached the highest levels since 2008, when they broke $4 per gallon in many U.S. cities, with little fanfare.

Prices are up 50 cents per gallon from a year ago, which translates into an extra $300 in annual gasoline costs if driving 15,000 miles in a vehicle that gets 25 mpg.
And they aren't likely to go down anytime soon.

We see prices continuing to increase through the spring and summer

Oil prices rose Wednesday after reports that Iran was moving warships through the canal en route to Syria.

 

[Engineer]

Stupid fucking gas rose from $2.95 to $3.19 yesterday in Lexington. I was on 1/8th tank on Monday but was too damn tired to stop. Fuckers.

 

[dmcowen674]

Oil is overflowing at the Cushing Oklahoma storage tanks again

2-17-2011

http://www.boston.com/business/articles/2011/02/16/oil_prices_climb_on_growing_middle_east_unrest/

Gas pump prices hit 28-month high



Gasoline pump prices reached a 28-month high Wednesday even though oil and gas supplies in the U.S. continue to grow and demand for gas is weak.

Demand for gasoline remains weak and may be getting weaker

The national average for regular gasoline rose to $3.133 a gallon. That's about $1.20 more than the price at the pump two years ago

Just eight states have average prices less than $3 a gallon. The cheapest is $2.94 a gallon is in Missouri. Hawaii has the highest average of $3.746 a gallon.

Average gas prices have climbed steadily from about $2.80 a gallon in November even though consumer demand has been weak and inventory levels remain high.



The Energy Department said Wednesday that supplies of crude and gasoline both rose again last week while distillates, which include heating oil and diesel, declined.



All three products are at or above the average range for the past five years.


Higher gas prices are a result of several factors that have created a bottleneck for supplies of West Texas Intermediate crude stored at Cushing, Okla., which is the delivery point for oil traded on the New York Mercantile Exchange.



Oil supplies at Cushing are just short of an all-time high.



More North American oil is being produced and delivered to the Cushing facility, but existing pipelines can't move all of the crude out to refineries. And there are no pipelines to Gulf coast refineries, which have the capacity to produce about half the nation's daily supply of gasoline.