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Gas Prices above $4.00

Discussion in 'Uncategorized Threads' started by miketmx, May 1, 2008.

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  1. miketmx

    miketmx Well-Known Member

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    In western Canada it is close to $1.30 per litre and that is well over $5.00 per gallon.
     
  2. cubancigar2000

    cubancigar2000 Well-Known Member

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    Boise Idaho Deisel this morning $4,59
     
  3. willing

    willing Member

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    Gas prices and lead prices dropped this morning on the commodities market, maybee the speculators are going back to the stock market?

    Bill
     
  4. tomk2

    tomk2 Member

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    Miketmx has the answer! Start selling gas by the liter and the price will plummet!
     
  5. Juno

    Juno TS Member

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    tom, is that supposed to make sense?
     
  6. krieghoff-kid

    krieghoff-kid TS Member

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    no juno its not supposed to make sense. yeah sell gas by the litre and the visual price will drop but the overall price will skyrocket. theres roughly 32.5 ounces to a litre and 128 ounces to a gallon, so do the math and miketmx is correct that well over $5 a gallon. for that price ill trade in my truck on a sub-compact that gets 30mpg
     
  7. Juno

    Juno TS Member

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    Actually kid it's 33.8 ounces in a litre.
     
  8. krieghoff-kid

    krieghoff-kid TS Member

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    sorry juno, i looked on a naglene water bottle of mine for the ounces to litres ratio, not an exact measurement, but i did say roughly. back on point, over $4 in western washington means that in eastern washington will be paying that soon. ill spend all of my summer work money just on gas. THANK YOU GREGIORE!!! RE-ELECT ROSSI '08
     
  9. mercedesman1981

    mercedesman1981 TS Member

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    DA,
    Any idea what the profit margin is for the oil companies? I hear it is something like 7%.

    Mike
     
  10. grunt

    grunt TS Supporters TS Supporters

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    I understand that the profit on gas is .07 a gal. The goverment makes more per gal in taxes and they dont have to do anything.
     
  11. 5spd

    5spd TS Member

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    It will be $5 by the end of summer, even when wholesale prices drop the stations wont drop unless its a big #.
    Oil companies are raking in the profits, they could care less about anything else.
     
  12. ou.3200

    ou.3200 Well-Known Member

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    What makes you think the oil companies are the enemy? They are producing the oil, refining it and delivering it all under severe restrictions imposed by various governments. Take a look at those who:

    1) Restrict access to supplies in Alaska, off our coasts, in the Gulf of Mexico, oil shale in the west (Clinton put thousands of acres off limits by making it a National Park).

    2) Refuse to allow any new refineries to be built in the United States. When was the last one? In the 60s?

    3) Drive up food prices by subsidizing use of grains to make ethanol. Ethanol is not the answer, too costly to produce in terms of net energy yield (if any) and pressure on grain supplies.

    4) Require special blends for various areas in the country which causes inefficiencies in distribution (read: increases costs).

    5) Refuse to approve construction of nuclear power plants.

    6) Restrict use of our coal supplies.

    Etc, etc.........

    There are only two ways to reduce the price of oil. Increase the supply or reduce the demand. As long as the economies of India and China are expanding the demand for oil is not going to shrink.

    Don't listen to the socialist politicians who are screaming about profits of the oil companies. They are the same ones who are restricting access to domestic supplies and limiting refining capacity.
     
  13. Dove Commander

    Dove Commander TS Member

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    Duh... the oil companies are international companies. When the media says they made X $ last year, it's less than 4% net profit of their sales. What do you expect? As previously stated, if you own a 401K, mutual fund, or union retirement fund, you own stock in an oil company. Change your view?
    We need to dump the loser ethanol program. It's a feel good farse. It's raising fuel and food costs. Takes a dollars worth of energy to make $1.20 worth of ethanol. That make alot of sense. And it's not as "green" as they thought. Al Gore the whore, loves it.
     
  14. 22hornet

    22hornet Well-Known Member

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    ou.3200 and dove commander nailed it.
     
  15. thunder

    thunder Active Member

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    ou3200 your 100% correct, its not the oil companies. Best thing we all could do is look at Congress and bombard them with emails.

    Today on TV they interviewed a democratic representative on the farm bill. When questions she stubbled and stated that they would pass it even when she said that enthanol isn't the answer and is causing food cost to rise. A horse has more sense than our representatives have. Somehow we have to find a way to put all of congress on vacation for about 2 years, maybe then it will get better.
     
  16. ljutic73

    ljutic73 Well-Known Member

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    Mike, gas was $1.19/l in Blairmore yesterday and $1.14/l at Brocket....REAL BARGAINS!!

    Ron
     
  17. Landyn16

    Landyn16 TS Member

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    Gas strike may 2 dont buy gas that day. and we need to get rid if the dummys that wont let us drill freely in the usa. there is are prob
     
  18. ATF Agent

    ATF Agent TS Member

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    I did not research the OPEC projection of $200/barrel oil quoted in the next to the last paragraph, but I can imagine a bigger squeeze coming for the average consumer.
     
  19. hoggy

    hoggy TS Member

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    I for one cannot afford to go too far anymore with gas over $4. I just retired and now I'm really starting to worry about my future with no hope of any more money coming in than what I get now and with a $300 reduction when I turn 62.
     
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