Gas prices on the rise again
04-07-2005, 06:22 PM
#202
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Join Date: Nov 2000
Posts: 3,883
Originally Posted by way2fast95
I can't believe I am replying to this post now, but here goes... I think everyone would agree that regardless of political affiliation or agenda, the current oil price situation can be blamed on one thing above all others and that is the worlds (yours and mine) dependency on oil and similar fossil fuels, it will only get worse in the long run until we find something else to use to get us from point a to point b.
<---*looking forward to purchasing the first H powered Maxima*
<---*looking forward to purchasing the first H powered Maxima*
Sure, what you say does play a part in the futures price of a barrel of crude. But it has no bearing on the artificial price of a gallon of gasoline, which is a refined product. The difference between fresh ham, and SPAM. Gasoline is the latter.
Example, when 1.099, mid was 1.199, super 1.299. Super was 18.2% more than regular.
Now, with regular being 2.159, if super were 18.2% more, it'd be 39 cents more per gallon or 2.549. Yet it is only 14 cents more at 2.299, or 6.5% more. Why? Because there is a certain, though not much, elasticity of demand. Why don't retailers start showing some stones and sell super for 18.2% more than regular, like they did before?
Hey, I don't like George W. I don't like big oil. But I'm not stupid. I got many shares of RIG from the Schlumberger spin-off years ago, and I am laughing at what my shares have done. I'm a realist. Remember those idiots who were so politically correct they invested in "green" mutual funds? Lost their shirts, but at least they were green. But it kinda defeats the purpose of investing....
04-07-2005, 06:42 PM
#203
Originally Posted by Ant96GLE
I did a double take today.. BP was $2.53 for 93. and it wasnt even in manhattan! 
04-07-2005, 09:37 PM
#205
Originally Posted by ramberg
Is that the one on 92th and 4th. I saw those prices today. Really sucks but what can we do about it. Later Warren
I just filled up tonight.... 2.49 at the Mobil on Pennsylvania and Linden Blvd. 16 gallons.. $41
04-07-2005, 10:10 PM
#206
Originally Posted by ramberg
One more thing when the gas price goes up, the taxes you pay for gas goes up. Maybe the goverment should lower the taxes lol. Later Warren
04-07-2005, 11:30 PM
#207
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Join Date: Mar 2005
Posts: 231
the gas prices at RaceTrac were $1.95/2.05 and 215
04-08-2005, 03:39 PM
#210
Thats why Federal, State and City taxes should be lowered to help out with this problem. When you leave in NYC you get nickel and dimed by everyone. Now th Post Office wants to raise the cost of a first class stamp by 2 cents. The sales tax went up. The tolls went up. The streets are fu*ked up. The Transit system is fu*ked up. Thery also raised the cost for a car inspection. It never stops. Sorry just had to vent. Later Warren
04-08-2005, 03:58 PM
#211
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Join Date: Jul 2002
Posts: 2,836
Originally Posted by paulfromchicago
that's cheap. most of the gas stations around my house start at $2.90. also, to get to one of my friend's house i have to go through three tolls; two are $0.80 and one is $1.50
04-08-2005, 04:04 PM
#212
Originally Posted by ramberg
Thats why Federal, State and City taxes should be lowered to help out with this problem. When you leave in NYC you get nickel and dimed by everyone. Now th Post Office wants to raise the cost of a first class stamp by 2 cents. The sales tax went up. The tolls went up. The streets are fu*ked up. The Transit system is fu*ked up. Thery also raised the cost for a car inspection. It never stops. Sorry just had to vent. Later Warren
04-09-2005, 09:21 PM
#213
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Join Date: Feb 2005
Location: SF Bay Area
Posts: 292
Article I read in San Francisco Chronicle.
http://sfgate.com/cgi-bin/article.cg...UGA4C50P61.DTL
Also some good information.
http://www.lifeaftertheoilcrash.net/
http://sfgate.com/cgi-bin/article.cg...UGA4C50P61.DTL
Peak oil means prices will inexorably push higher and higher in the face of surging demand. This in turn will have a catastrophic impact on oil- addicted economies around the planet and, according to some prognosticators, could lead to wars over remaining supplies.
Amos Nur, a professor of geophysics at Stanford University, told me that if we're not at peak oil right now, "we're in the neighborhood."
ChevronTexaco and the other oil majors know this as well, he said, and this is why they're scrambling to secure as much global reserves as they can.
"There's no question in my mind that they are aware of this and that they are right," Nur said. "Oil prices are not coming back down."
Amos Nur, a professor of geophysics at Stanford University, told me that if we're not at peak oil right now, "we're in the neighborhood."
ChevronTexaco and the other oil majors know this as well, he said, and this is why they're scrambling to secure as much global reserves as they can.
"There's no question in my mind that they are aware of this and that they are right," Nur said. "Oil prices are not coming back down."
http://www.lifeaftertheoilcrash.net/
04-11-2005, 12:48 AM
#216
04-11-2005, 03:09 AM
#218
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Originally Posted by SEmy2K2go
04-11-2005, 02:16 PM
#223
Originally Posted by JaTaN
I doubt they're selling at cost...
04-11-2005, 04:54 PM
#225
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Join Date: Nov 2000
Posts: 3,883
Originally Posted by rsly33
My family owns a Marathon Station (on bagley rd in berea for the cleveland people) and they definately do sell gas very close to cost. Like the other guy said, its literally pennies a gallon profit. Repairs, car washes, and all the things they sell inside are where they make the money. Thats why you see all these stations adding on huge convience stores or some fast food restaurant. Thats also why you see BP's or Shell's buying out smaller chains or mom and pops because they can buy them out for a ton of money knowing that they will make it back no problem with their stores.
04-12-2005, 04:20 PM
#228
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Originally Posted by maxgtr2000
People with suvs are hurtin.. my boss has an H2 and paid $72 to fill up with 87. Us max owners are hurtin cause Betsy is real picky with anything below 91.
04-13-2005, 01:58 PM
#234
For some reason, it's only South Jersey that has it cheaper. Go further north, the prices go up. We do have a couple major refineries in the area. And yes, we are the armpit of America. But at least we're not the **** like Florida is. Wait a sec, not sure if I'd rather be the pit or the ****.....I guess whatever is cheaper...
04-13-2005, 03:15 PM
#236
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Originally Posted by Ant96GLE
Jersey is the armpit of America... hence all the oil refineries and cheaper gas.
04-13-2005, 06:22 PM
#237
Originally Posted by Frank Fontaine
That's what I used to think, until I saw the education testing results and the per-capita income stats and the population density as well. I'll take a beach house in Sea Isle City over Sheepshead Bay any day of the week, six ways to sundown....
04-13-2005, 11:38 PM
#239
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Join Date: Apr 2003
Posts: 405
Originally Posted by rsly33
My family owns a Marathon Station (on bagley rd in berea for the cleveland people) and they definately do sell gas very close to cost. Like the other guy said, its literally pennies a gallon profit. Repairs, car washes, and all the things they sell inside are where they make the money. Thats why you see all these stations adding on huge convience stores or some fast food restaurant. Thats also why you see BP's or Shell's buying out smaller chains or mom and pops because they can buy them out for a ton of money knowing that they will make it back no problem with their stores.
) . Penny business for retailers.Anyway, $2.39 for premium in El Paso, TX...Chevron.