What is up with gas prices?

[Eli]

Seriously. What is causing the spike? I'd like to know.

It's gone up ~50 cents here in the last month.

 

[acemcmac]

been wondering this myself. At this rate, we'll be over $3 before mid-may

$2.30 -> $2.69 here in the philly area

 

[JDrake]

No big difference here...

 

[Schadenfroh]

Exxon wants more money.

 

[Eli]

$0.50 is significant to my wallet.

I go through about 95 gallons a month. That's almost 50 buckss extra.

 

[Captante]

Greed.

 

[Evadman]

Maybe a drive-off will be accepted at some point when you have a grand in the tank.

 

[moshquerade]

Originally posted by: Eli
$0.50 is significant to my wallet.

I go through about 95 gallons a month. That's almost 50 buckss extra.

and i've heard it will be up to $4/gal by this summer when demand normally goes up.

 

[jumpr]

Originally posted by: Eli
$0.50 is significant to my wallet.

I go through about 95 gallons a month. That's almost 50 buckss extra.

I've noticed it too, but only when I pedal past the gas station on my way to class/work.

I live 6 miles from campus and I bike about 3 times a week. It saves me a ton of money on gas and it makes me happier, healthier and fitter.

 

[Snoogums Boogums]

Originally posted by: Eli
Seriously. What is causing the spike? I'd like to know.

Because people keep buying crap that's made in China

Welcome to the global economy, if you don't like it ride the bus

 

[moshquerade]

Originally posted by: moshquerade

Originally posted by: Eli
$0.50 is significant to my wallet.

I go through about 95 gallons a month. That's almost 50 buckss extra.

and i've heard it will be up to $4/gal by this summer when demand normally goes up.

and this is the reason they give

Prices for crude oil rose to a two-month high on Thursday and gasoline jumped on concern that U.S. refiners would fail to produce enough to keep up with peak demand this summer.

The amount of U.S. fuel-making capacity that is offline today is double that of a year ago, a sign refiners are struggling to catch up with maintenance work that was delayed by the hurricanes that struck the Gulf Coast last year.

link

 

[AntMan530]

im paying 3 bucks a gallon and maybe 35 bucks a week....its really expensive

 

[zanieladie]

It jumps up a nickel here almost every other day.

 

[Eli]

:Q

Damn.

I better buy a god damn Geo Metro.. lol

 

[moshquerade]

Originally posted by: Eli
:Q

Damn.

I better buy a god damn Geo Metro.. lol

or better yet, a motorcycle.

 

[gooseman]

What I'd like to know is why it goes up 5-10 cents at a time and the rare occasion that it goes down, it only goes down by 2 or 3 cents at a time!!!

But my guess to the question is that it's time to pad the pockets of the oil companies again so that in about a month we can read in the newspaper how Exxon/Mobil and the others are reporting "Record Quarterly Earnings" and they act like they are surprised.

 

[Engineer]

Worldwide oil supplies are at a 7 year high (supply tanks are 13% higher this year than last alone). Refinery capacity, however, is down because of many "so called" factors. CNN reported that many have to do maintenance that they missed because of running so hard after Katrina. Strange that they pick the start of summer driving season to start it, eh?

Also, the switchover between winter and summer gas is causing problems.

Add in lots of problems in the ME and other oil producing countries (that seem to be always at odds with the Bush administration) and there you go...

Plus, ethanol is having trouble being produced quick enough as ethanol is a key additative in summer blended gasoline (as well as many other gasolines). 33 new facilites are being built to help ease the ethanol crunch (but no new refineries in 30 years won't help much with no plans on building any new ones soon - and why should they with soaring profits).

Other than that, corporate greed FTW!

 

[Rainsford]

Eh, who cares? I suppose for companies and individuals that make their money driving, it might be a big problem, but for me, I don't spend enough of my income on gas for rising prices to be a real concern. Of course I don't drive some 8000 lb tank that gets 10 mpg, so maybe that would change my perspective

 

[MikeMike]

they are scared of the hurricane season and what it could do...

also the switch from winter blend, to summer blend causes suppliers to have to empty their tanks and that makes less supply.

 

[xSauronx]

im going to have to get out of the sable and start driving the neon again this week :/

 

[mwtgg]

$2.689 is what I paid today for regular. Cost $30.06 total to fill up.

 

[Engineer]

Originally posted by: Rainsford
Eh, who cares? I suppose for companies and individuals that make their money driving, it might be a big problem, but for me, I don't spend enough of my income on gas for rising prices to be a real concern. Of course I don't drive some 8000 lb tank that gets 10 mpg, so maybe that would change my perspective

No, but perhaps you or someone you know makes a living delivering a newspaper or pizza and does so in an Escort or Civic. I know it was sarcasm, but there are those who suffer from it. Hell, I've seen people delivering papers in an older, large SUV. I bet that really sucks (and I do know that some companies offer so much money for gas, etc. to their drivers but not all of them do).

At some point, delivery charges will need to be increased to offset the rising gasoline prices and it will be passed on to you again. Two fold hit!

 

[Jeff7]

Originally posted by: Engineer

Originally posted by: Rainsford
Eh, who cares? I suppose for companies and individuals that make their money driving, it might be a big problem, but for me, I don't spend enough of my income on gas for rising prices to be a real concern. Of course I don't drive some 8000 lb tank that gets 10 mpg, so maybe that would change my perspective

No, but perhaps you or someone you know makes a living delivering a newspaper or pizza and does so in an Escort or Civic. I know it was sarcasm, but there are those who suffer from it. Hell, I've seen people delivering papers in an older, large SUV. I bet that really sucks (and I do know that some companies offer so much money for gas, etc. to their drivers but not all of them do).

At some point, delivery charges will need to be increased to offset the rising gasoline prices and it will be passed on to you again. Two fold hit!

Yup. And how do you think the products at your local store get there? Trucks. Fuel costs go up, and eventually the cost of the products the trucks deliver will go up as well.

 

[Eli]

I don't drive for a living but I do have a commute, and I don't make very much.

An extra 50 cents a gallon adds up very quickly.

I suppose it's my fault for having an inefficient automobile, but ... there isn't anything I can do about it.

What sucks is that gas prices raising means I get to save less for a new car each month.

 

[Horus]

In the GTA, prices have been bouncing between .95 and 1.02 dollars per litre for the past month, nearly. My tank is about 40 bucks to top up, and that's just for a 1.6L Mazda Protege...