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Rising Price Of Gasoline!  
User currently offlinePropilot83 From United States of America, joined Jan 2001, 604 posts, RR: 0
Posted (5 years 3 months 2 weeks 3 days 13 hours ago) and read 2056 times:

Here we go again fellows, be aware! the cost of crude oil and the price of gasoline is going up again. You know its very disappointing, there is a Mobil gas station less than 100 yards from my house, and every time I leave my house, the first thing my eye catches is the fuel price. Well its over $3 a gallon again, great were all screwed, now its time to conserve and cut back again. Every time something like this happens, when inflation goes up, mostly on gasoline, you have to cut back dramatically on travel, even if you drive a 2008 Honda Civic EX like I do. Yea my car gets about 300 miles to every full tank, but still when it comes time to fill up, it's painful. Well for me, I have to calculate and adjust my mandatory finances, how about you?

37 replies: All unread, showing first 25:
 
User currently offlineDXing From , joined Dec 1969, posts, RR:
Reply 1, posted (5 years 3 months 2 weeks 3 days 12 hours ago) and read 2044 times:

It's only $2.40 a gallon here in Texas. It's fluxuated up and down all summer. We're a long way aways from last year. Until it gets near those prices lifes a breeze.

User currently offlineVikkyvik From United States of America, joined Jul 2003, 10239 posts, RR: 26
Reply 2, posted (5 years 3 months 2 weeks 3 days 12 hours ago) and read 2043 times:
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Quoting Propilot83 (Thread starter):
Every time something like this happens, when inflation goes up, mostly on gasoline, you have to cut back dramatically on travel, even if you drive a 2008 Honda Civic EX like I do.

I drive a 2002 Honda Civic EX, and I don't change my driving habits one bit with respect to fuel prices. Gas is at around $3.10 here in SoCal now.

I can drive in such a way as to maximize gas mileage if I want to....but I don't always want to. Get between 340-370 miles per tank (could actually get more, but I tend to fill up about 30 miles after the gas light comes on).

I just have less spending money. No big deal, really.



How can I be an admiral without my cap??!
User currently offlineFLY2HMO From , joined Dec 1969, posts, RR:
Reply 3, posted (5 years 3 months 2 weeks 3 days 12 hours ago) and read 2043 times:



Quoting Propilot83 (Thread starter):
how about you?

Oh boo hoo. I could care less. I think it's ridiculous some people will jump off a cliff and scream murder just because gas went up $.01. I wasn't bitching when the gas nearly hit the $5 last year and I'm not going to change my travel habits one bit.

Gas is a necessary evil. Just like food and toilet paper.


User currently offlineLAXintl From United States of America, joined May 2000, 26013 posts, RR: 50
Reply 4, posted (5 years 3 months 2 weeks 3 days 12 hours ago) and read 2027 times:

I say we should welcome rising oil prices. It hopefully a sign that the economy is picking up.

While crude oil today is at about $71/bbl, the forward futures curve has it at $80 by next spring and $88 by years end 2010.



From the desert to the sea, to all of Southern California
User currently offlineDXing From , joined Dec 1969, posts, RR:
Reply 5, posted (5 years 3 months 2 weeks 3 days 12 hours ago) and read 2009 times:



Quoting LAXintl (Reply 4):

I say we should welcome rising oil prices. It hopefully a sign that the economy is picking up.

???? It's actually a sign of a weaker dollar and that's not terribly good news.


User currently offlineAirframeAS From United States of America, joined Feb 2004, 14150 posts, RR: 24
Reply 6, posted (5 years 3 months 2 weeks 3 days 11 hours ago) and read 2005 times:



Quoting LAXintl (Reply 4):
t hopefully a sign that the economy is picking up.

But not with respect to current wages at the moment.  no 

Quoting DXing (Reply 5):
It's actually a sign of a weaker dollar...

That could very well be the case.

I get my gas at Costco Wholesale, its cheaper.



A Safe Flight Begins With Quality Maintenance On The Ground.
User currently offlineLTU932 From Germany, joined Jan 2006, 13864 posts, RR: 50
Reply 7, posted (5 years 3 months 2 weeks 3 days 11 hours ago) and read 2004 times:

You want to complain? Then come to Costa Rica. Just recently, they approved to lower petrol prices by 3 colones (less than a US Cent!), while they constantly raise it by 40 to 70 colones (roughly between 8 to 12 US Cents, or around 5 to 9 Euro Cent).

Usually, they only lower prices by like 3 to 20 colones once or twice a year, while prices are raised most of the time. In the US and Europe, prices have at least a chance of being lowered more often, as oil prices sink. Yet in Costa Rica, even if oil prices sink, gas prices rise or a lowered at ridiculous rates, like the three colones price reduction I mentioned, that was recently approved by a central government agency.

[Edited 2009-08-08 12:57:00]

User currently offlineLAXintl From United States of America, joined May 2000, 26013 posts, RR: 50
Reply 8, posted (5 years 3 months 2 weeks 3 days 11 hours ago) and read 1982 times:

A weaking dollar has many benefits including not the least being a big spur in export trade for US business.

On the whole, I would take a weak or even undervalued US Dollar anyday over a strong dollar.



From the desert to the sea, to all of Southern California
User currently offlineGuitrThree From United States of America, joined Oct 2004, 2059 posts, RR: 8
Reply 9, posted (5 years 3 months 2 weeks 3 days 10 hours ago) and read 1969 times:



Quoting Propilot83 (Thread starter):
Here we go again fellows, be aware! the cost of crude oil and the price of gasoline is going up again.

Why are you complaining? I mean it was your "A++" President Obama who said just last year that he didn't mind $4 gasoline, just how fast it went up.

You would think that a President who, in your own words, deserves an "A++" rating would be able to help the working class citizens and keep gas reasonable.

But no, he continues to push his "A++" policies such as cap and trade and huge deficit spending that drive the dollar down which result in higher prices.

Care to revise your "A++" rating yet?



As Seen On FlightRadar24! Radar ==> F-KBNA5
User currently offlineDXing From , joined Dec 1969, posts, RR:
Reply 10, posted (5 years 3 months 2 weeks 3 days 10 hours ago) and read 1954 times:



Quoting LAXintl (Reply 8):
A weaking dollar has many benefits including not the least being a big spur in export trade for US business.

That works very well when the rest of the world isn't in a recession just like us. All it does now is raise the price of interest we have to pay on our foriegn debts.

Quoting LAXintl (Reply 8):
On the whole, I would take a weak or even undervalued US Dollar anyday over a strong dollar.

An overly strong dollar yes. But an overly weak one can be just as bad when the rest of the world is having financial troubles as well.


User currently offlineCanoecarrier From United States of America, joined Feb 2004, 2843 posts, RR: 12
Reply 11, posted (5 years 3 months 2 weeks 3 days 7 hours ago) and read 1923 times:



Quoting FLY2HMO (Reply 3):
Oh boo hoo. I could care less. I think it's ridiculous some people will jump off a cliff and scream murder just because gas went up $.01. I wasn't bitching when the gas nearly hit the $5 last year and I'm not going to change my travel habits one bit.

Gas is a necessary evil. Just like food and toilet paper.

I could care less about the cost of gas as well. A couple years ago I decided to switch to commuting to work by bike or bus. It allowed me to drop my gym membership and now I buy a tank of gas ever month or two. I get a free bus pass from work, we have decent public transportation, and the savings in gas has more than paid for a high end bike.

Given my driving habits gas isn't even a necessary evil I put less than 3k miles on my car last year. But, it all depends on where you live and how easy it is to switch your lifestyle and bike to work. Seattle is much different than Atlanta.



The beatings will continue until morale improves
User currently offlineHawaiian763 From Canada, joined May 2009, 259 posts, RR: 0
Reply 12, posted (5 years 3 months 2 weeks 3 days 6 hours ago) and read 1907 times:

They always seem to find a really stupid excuse to raise the price of gas. Here in Alberta the excuse to raise our prices is that the refinery is broken down and they need to ship in the fuel. This happened three weeks ago the refinery is still not fixed and the price just jumped 8 cents and now they say the refinery is almost fixed. Give me a break!

User currently offlineDocLightning From United States of America, joined Nov 2005, 20194 posts, RR: 59
Reply 13, posted (5 years 3 months 2 weeks 3 days 6 hours ago) and read 1905 times:



Quoting DXing (Reply 1):
It's only $2.40 a gallon here in Texas. It's fluxuated up and down all summer. We're a long way aways from last year. Until it gets near those prices lifes a breeze.



Quoting FLY2HMO (Reply 3):

Oh boo hoo. I could care less. I think it's ridiculous some people will jump off a cliff and scream murder just because gas went up $.01. I wasn't bitching when the gas nearly hit the $5 last year and I'm not going to change my travel habits one bit.

I don't change mine, either. I barely miss them. My car gets 45+MPG.


User currently offlineShyFlyer From , joined Dec 1969, posts, RR:
Reply 14, posted (5 years 3 months 2 weeks 3 days 1 hour ago) and read 1866 times:

In my area, I've seen it go up about $0.20 in the last four weeks. Doesn't sound like much, but for someone who commutes many, many miles, I feel it.

User currently offlineFLY2HMO From , joined Dec 1969, posts, RR:
Reply 15, posted (5 years 3 months 2 weeks 2 days 23 hours ago) and read 1845 times:



Quoting DocLightning (Reply 13):
My car gets 45+MPG.



 Wink  duck 

I get 25 MPG if I'm lucky and I still don't give a damn Big grin


User currently offlineDanfearn77 From United Kingdom, joined Jul 2008, 1813 posts, RR: 8
Reply 16, posted (5 years 3 months 2 weeks 2 days 22 hours ago) and read 1835 times:

My local petrol station here in Manchester is about £4.30 per Gallon ($7.20)!!


Eagles may soar high, but weasels dont get sucked into jet engines!
User currently offlineMoose135 From United States of America, joined Oct 2004, 2380 posts, RR: 10
Reply 17, posted (5 years 3 months 2 weeks 2 days 18 hours ago) and read 1809 times:



Quoting Canoecarrier (Reply 11):
I could care less about the cost of gas as well.

Except that the price of virtually everything you buy is effected by the price of gas. Groceries, clothing, day-to-day items, all cost more more when everyone along the supply chain have to pay more for fuel.

Here on Long Island, we're paying around $2.75/gal. It's fluctuated some over the summer - it started going up in May, but actually dropped a bit last month. It came up a little, but seems to have stabilized the past couple of weeks.



KC-135 - Passing gas and taking names!
User currently offlineWILCO737 From Greenland, joined Jun 2004, 9097 posts, RR: 76
Reply 18, posted (5 years 3 months 2 weeks 2 days 17 hours ago) and read 1798 times:
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HEAD MODERATOR

I read through most of the posts and I am surprised that hardly anybody cares about the usgage of their car... I mean, sure we all need cars - more or less - and we all enjoy driving the cars, but I mean, I am being careful with the amount of fuel I put into my MD11F to reach the destination to save as much fuel as possible and as much money as possible...
I am just surprised that so less people care about that in their own car.
My car is average fuel usage. Not too high, not too low. But when I bought it, I had an eye on it. I just want that my kids still have oil for them as well and can enjoy travelling until we have new ways of producing fuel or new engines which needs different fuels...

wilco737



It it's not Boeing, I am not going.
User currently offlineKC135TopBoom From United States of America, joined Jan 2005, 12171 posts, RR: 51
Reply 19, posted (5 years 3 months 2 weeks 2 days 16 hours ago) and read 1786 times:



Quoting LAXintl (Reply 4):
While crude oil today is at about $71/bbl, the forward futures curve has it at $80 by next spring and $88 by years end 2010.



Quoting GuitrThree (Reply 9):
Why are you complaining? I mean it was your "A++" President Obama who said just last year that he didn't mind $4 gasoline, just how fast it went up.

You would think that a President who, in your own words, deserves an "A++" rating would be able to help the working class citizens and keep gas reasonable.

But no, he continues to push his "A++" policies such as cap and trade and huge deficit spending that drive the dollar down which result in higher prices.

Care to revise your "A++" rating yet?

I give BHO a "F-" rating.

Quoting Hawaiian763 (Reply 12):
They always seem to find a really stupid excuse to raise the price of gas. Here in Alberta the excuse to raise our prices is that the refinery is broken down and they need to ship in the fuel. This happened three weeks ago the refinery is still not fixed and the price just jumped 8 cents and now they say the refinery is almost fixed. Give me a break!

Could that be because no new oil refineries have been built in the US since 1976, IIRC, Canada has not built a new refinery in 20+ years, either.

It is important to note that even though oil by the bbl fluxuates daily, the highest costs of gasoline in most countries is in taxes.

http://en.wikipedia.org/wiki/Oil_ref...#Oil_refining_in_the_United_States

Quoting DocLightning (Reply 13):
I don't change mine, either. I barely miss them. My car gets 45+MPG.



Quoting FLY2HMO (Reply 15):
I get 25 MPG if I'm lucky and I still don't give a damn

My Buick gets about 25 MPG, but I can strech the highway milage using the cruise control and driving at 60 MPH to 30 MPG. My F-150 gets 12 MPG, city, highway, towing, or empty truck, I don't care about the price of gasoline. Here in Fort Worth, gas is currently $2.29 per US gallon.

Quoting Danfearn77 (Reply 16):
My local petrol station here in Manchester is about £4.30 per Gallon ($7.20)!!

I assume that is an imperial gallon (about 5 US quarts, a US gallon is 4 quarts). But, most of your costs is taxes, my friend. The UK pays about the same price per BBL as the US pays.

Quoting WILCO737 (Reply 18):
I am being careful with the amount of fuel I put into my MD11F

Wow, you fuel your own jet?

 duck   duck   duck 

Sorry, I just couldn't resist. Most airlines today carry the absolute minimum amount of fuel needed, enough to fly the scheduled mission, plus requied reserves and divert fuel.


User currently offlineWILCO737 From Greenland, joined Jun 2004, 9097 posts, RR: 76
Reply 20, posted (5 years 3 months 2 weeks 2 days 16 hours ago) and read 1772 times:
AIRLINERS.NET CREW
HEAD MODERATOR



Quoting KC135TopBoom (Reply 19):
Wow, you fuel your own jet?

Yes, own my personal MD11F Big grin

Quoting KC135TopBoom (Reply 19):
Sorry, I just couldn't resist. Most airlines today carry the absolute minimum amount of fuel needed, enough to fly the scheduled mission, plus requied reserves and divert fuel.

That is true. But the crew always have the chance to take extra fuel. And a couple of years ago a ton of extra fuel was nothing and you weren't really thinking about it. Nowadays you think twice about how much and if you take extra fuel with you. Just to save fuel, reduce CO2 emissions and to reduce the costs as well.
That is what I meant.

wilco737



It it's not Boeing, I am not going.
User currently offlineBaroque From Australia, joined Apr 2006, 15380 posts, RR: 59
Reply 21, posted (5 years 3 months 2 weeks 2 days 16 hours ago) and read 1769 times:



Quoting WILCO737 (Reply 18):
I read through most of the posts and I am surprised that hardly anybody cares about the usage of their car..

I share your surprise but I would add that what they actually say is they could care less. Which presumably puts their care level fairly high, so that they can undershoot it.

I (and your presumably) assume that they really mean they care so little that the COULD NOT CARE LESS. Then again, if they are mad enough to burn more of a scarce resource even the economists will have to give them up as a lost cause.


User currently offlinePHLBOS From United States of America, joined Mar 2004, 7554 posts, RR: 23
Reply 22, posted (5 years 3 months 2 weeks 1 day 14 hours ago) and read 1675 times:



Quoting FLY2HMO (Reply 3):
I think it's ridiculous some people will jump off a cliff and scream murder just because gas went up $.01.

A penny's not the issue; $0.14 on average in just 2-days is.

On July 31, the price at a station near me (in Secane, PA near Philly) was $2.51. The following Sunday (Aug. 2), it jumped to $2.65. This extent of the increase was farily common throughout the area. Fortunately, I was able to find a station last week that charged only $2.57; which has been the cheapest I could find in my area since the month began.

Quoting ShyFlyer (Reply 14):
In my area, I've seen it go up about $0.20 in the last four weeks. Doesn't sound like much, but for someone who commutes many, many miles, I feel it.

 checkmark 



"TransEastern! You'll feel like you've never left the ground because we treat you like dirt!" SNL Parady ad circa 1981
User currently offlineBhill From United States of America, joined Sep 2001, 1009 posts, RR: 0
Reply 23, posted (5 years 3 months 2 weeks 1 day 9 hours ago) and read 1626 times:

The only reason it's gonna go back up is that the traders manipulating the oil futures markets are going to start getting greedy again. Used to be we were told "supply and demand"..bullshit...kinda odd when consumption goes DOWN and the price of oil/gas goes UP!!. We are being screwed....Less than 1% of traders bidding in the oil futures markets actually take delivery of the oil they are bidding on...don't piss on my forehead and tell me it's raining....


Carpe Pices
User currently offlineFlighty From United States of America, joined Apr 2007, 8696 posts, RR: 3
Reply 24, posted (5 years 3 months 2 weeks 1 day 6 hours ago) and read 1594 times:



Quoting Bhill (Reply 23):
Used to be we were told "supply and demand"..bullshit...kinda odd when consumption goes DOWN and the price of oil/gas goes UP!!.

In the end, someone is paying $60/bbl because they want to own that oil, because they think it is worth it. Oil production is probably headed downward gradually. I would much rather have a free market for oil than the alternative. Mind you, Co2 taxes should be paid on that oil. Other than that, the market should decide who makes oil, who uses oil and what prices they should pay one another. "Speculators" should be allowed to operate so long as they are not cornering the immediate market for oil.


25 Post contains links Bhill : Flighty, one can hope...but as long as firms such as Goldman Sachs is involved, there will be manipulation; granted, it's from 2007, but the mechanisi
26 Post contains links Bhill : And this little jewel.... http://artvoice.com/issues/v7n40/crude And no; I do not consider my a conspiracy theorist, but if it walks like a duck...
27 LAXintl : Futures markets are one of the most basic foundations of our trade system, and I cant see how one could (or want to) eliminate them. Such basic future
28 PPVRA : And there's no guarantee the spot price will be anywhere near $100 anyways. You may make a ton of money but you also may lose a ton. As for the volum
29 DocLightning : With my car, I still spend more on the bridge tolls getting to work every day than I do on the gas for it. I use a gallon of gas per work day. So nyer
30 LAXintl : Spot pricing is something totally different. But futures contract is critical for the producer to know he has X price locked in. Otherwise it could p
31 Bhill : All, it's not the agricultural futures market that is the issue. It was the explicit deregulation of the energy futures that is the issue..and it's cr
32 LAXintl : Energy including minerals such as coal are extremely similar to agriculture futures in their longer lead times, impact of outside forces like weather
33 Flighty : And why not? Do we agree it works pretty well? Of course it is very chaotic... but customers are not as fascinated by soybean prices. The public beli
34 Lfutia : Gas prices just went down to $2,77 from $2,79! ahh back in the days of January 2009 when gas was $1,36... Leo
35 Baroque : Interesting but complex and it does not seem to address what proportion of price rises and falls can be attributed to speculation.
36 DanVS : I'm shocked to see how expensive my country is. Americans complain for paying 3 USD for a gallon. If you guys were living here, earning and spending m
37 DocLightning : I'll buy you drinks with the excess money I have from my gas savings.
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