Fuel Prices

[joel gopan]

I prize my Norwegian Jerry can. Looks like you guys ought to immigrate to USof A, we have got life right by the ass over here. Petrol jumped 36cents a gallon overnight here, due to Hurricane damage to refineries.
Joel

[Karoshi]

Wow, 36 cents a gallon jump. That makes a gallon what? ..about $3.70 stateside?

At todays exchange rate I'll cost just over $7.70 in the UK to fill the same can.

Katrina My ASS. Its avarice.

Somebody, please send me a GREEN CARD,...SOMEBODY P.L.E.A.S.E.

[UK Jack]

When I was in the US on business in Jan of this year the cabbies were saying that there was going to be another civial war as 'gas' was over $2 a gallon ..........I said that they want to come to the UK and see our prices the cabbie said 'heck, don't you guys have a riot' I said no all we say is ' we lost the ashes to the Auzzies again' and then moan about something else!


After running a jimmy for a week, I might start a riot as this hobby is bleeding expensive on petrol!

[Bill_Wolf]

Between yesterday evening and this morning the lowest octane gas jumped $.22 in a cluster of 3 stations near my house. Diesel went up $.29.

This was not due to a new delivery of fuel or to the recent Hurricane but to pure price greed by the independent dealers using the Hurricane as an excuse to line their pockets. Their are 3 stations clustered together and they all have the same price. I can see price increases on future deliveries to the stations but not before the deliveries which would have been affected by the Hurricane disruption.

I also heard on the radio that December delivery Regular Grade fuel contracts were trading at $3.10 USD. That is before the $.45 federal tax, $.30 New Hampshire State Tax, and the roughly $.22 dealer mark up. Based on this news and factoring out any spot wholesale purchases Gasoline where I live will be $4.07 USD per Gallon.

Maybe I should switch to collecting stamps.....

[joel gopan]

We can back up a couple years and return to the horse drawn army of the late thirtys.
Joel

[dr deuce]

Obviously this will probably affect how much and where we drive our little gems.

On the bright side, it will make them last longer with fewer repairs/replacement parts....

I want to go back to my $0.25 9/10 gasoline from my yout


Steve AKA Dr Deuce with more than 50,000 miles in a cckw!

[Bill_Wolf]

I want to go back to my $0.25 9/10 gasoline from my yout

Holy Crap Doc....How old are you?????????





My Dad told me that with the scarcity of water at the 97th BG airfields in Italy that they use to wash down the outside of their B-17's with Gasoline.

[dr deuce]

A couple years older than you...


I am not the most senior in age here.....

[joel gopan]

This is a Cash Cow here in Maine, as there is 5% sales Tax on Gasoline, and the inflated price will make our Governor happy.

[armydriver]

Gasoline will level out at about 4.00 a gallon. Weasle nut is right about greed as it has more to do with what that dealer can get rather than what they are actually paying for gasoline. Her in San Antonio Tesoro petroleum has stations all over town, but the prices of the gasoline vary greatly as to what the local dealer can get on his street corner, even though the gasoline is all coming from the same refiner and the price is the same to all.

[Thundercat97]

Had to laugh when I heard this on the radio last night while driving home.. there is station in LI, NY that is charging 3.40 a gallon while all the other stations around it are selling the same grade for 2.75 a gallon. hmmm.. I wonder why this happens

[armydriver]

It has to do with what people are willing to pay and if they are paying cash or using a credit card.

Oh, by the way I am 66 years old, who is older to me?
I remember .14 cent gasoline, but I also remember when I was in high school we used to drive to the local oil fields and collect the distilate gasoline in a can and put it in our cars. My 45 MB ran pretty good on the stuff. We called it Moon Light ethyl. Price was right,,free.

[Bill_Wolf]

Between yesterday evening and this morning the lowest octane gas jumped $.22 in a cluster of 3 stations near my house. Diesel went up $.29.

The above quote was mine from yesterday.

This morning Regular Grade fuel was up another $.20 at the same stations. Diesel jumped $.25.

This is not based on increase in delivered wholesale fuel prices. This is just local greedy station owners using the excuse of the Hurricane to put money in their pockets by increasing their margin on the gas they already have in the ground.

I would expect that fuel prices would have risen steadily to this level over a period of weeks as the wholesale increase reached the inground tanks. It just frosts my butt that these opportunists are taking advantage this quickly.

Bill

[bobc]

When the gas company reports a 5 billion profit last quarter it shows the level of greed and stupidity in this country,if everyone stopped buying gas from just Chevron the price would drop,but people in this country are so devided that we can't do anything togather. My answer to this problem was to drag the Cushman truckster out of long term storage,it was disassembled 10 years ago to undergo repairs,so this week I have started to put it togather,it has a 500 pound payload and gets 50 miles to the gallon,this is the most sensible vehicle in my military collection.

[armydriver]

Now that is the answer bobc. The gasoline market is greed motivated, more by local dealers than by the suppliers of the fuel. That is the reason the prices vary so much. One station near my home is $3.15 while two other stations have $2.85 for reg. unleaded and another $2.82. What ever they can get is the motivating price, not the price of oil or fuel. Just wait to see the massive increase in prices of fuel oil people use to heat their homes in the northeastern U.S.

[Bill_Wolf]

Just wait to see the massive increase in prices of fuel oil people use to heat their homes in the northeastern U.S.

Thanks AD from cold New Hampshire.

I have been watching the contract market for oil futures (not because I am an investor but because I want to know what I am going to pay in the Winter). Futures are predicting $3.75 per gallon in mid winter. If it is a really cold Winter the spot market will drive that up to $4.25 per gallon.

I locked in oil in a prebuy situation yesterday at $2.59. I have to send them a check for $2235 (the average of last years gallon purchases). If I had locked the rate on Monday it would have been $2.39. For $50 more if their selling rate goes below $2.59 they will refund me back the difference. The call it price protection.....Sounds like mobster insurance to me

Last years price at this time was $1.39

[joel gopan]

We locked ours in a few weeks ago, damn lucky.
Joel

[armydriver]

Guys , I feel your pain. I have an all electric home but electricity prices have gone out of sight.

[bobc]

My area hit 2.99 this afternoon,I guess we should be greatful since it's already past three in alot of places,I filled an extra 40 gallon tank,just in case,another lucky thing we have going is alot of people heat with wood,my house is soley heated by wood,in a really cold winter I use 3 cords,which I already have,so that part dosen't scare me but it's a long walk to town,I think Joels suggestion of horses might not be too far off,there are alot of those around me also. As much complaining as alot of us do at least we still have a home and computer on which to do it,thank God for small miracles and blessings.