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Old 09-14-2006, 04:54 PM   #1
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$2.29 a Gallon!!

I have been traveling all week in MNBoxster's great state! The other day, I bought regular unleaded (for the company cruiser!) for $2.29/gallon!! Pretty shocking. Maybe we will see <$2.00/gallon gas again soon.

Northern Wisconsin already has some nice Fall colors! Wish I were in the Boxster to take more of it in.

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Old 09-14-2006, 05:05 PM   #2
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It's headed that way. Saw $211.9 at a Shell station in Houston today. Yipee!
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Old 09-14-2006, 05:18 PM   #3
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Don't you love Supply and Demand when Demand drops a tad and supply increases?
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Old 09-14-2006, 05:29 PM   #4
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$2.10/gal here in OH today...

enjoy it while it lasts..
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Old 09-14-2006, 06:13 PM   #5
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You guys are lucky!

We pay AUS$1.30 per litre = US$1.73 per litre (.75c exchange rate)

Therefore: (x 3.785 to get Gallons)

= US$6.56 PER GALLON!!!!!!
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Old 09-14-2006, 06:59 PM   #6
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Quote:
Originally Posted by Norminhouston
It's headed that way. Saw $211.9 at a Shell station in Houston today. Yipee!

$211.9 per gal?
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Old 09-14-2006, 08:23 PM   #7
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I'm sure you must know that I meant two dollars eleven and nine tenth cents.
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Old 09-14-2006, 10:31 PM   #8
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We're still hanging around 3.25 a gallon here in hawaii.... and its only 92 octane.
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Old 09-14-2006, 11:05 PM   #9
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How about $7.15 in the UK? Sucks, especially as most of it is Tax

I lived in the US for a while and recall the days of $10 fillups
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Old 09-15-2006, 06:40 AM   #10
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my strategy was to keep the tank full at all times. iF it went down a 1/4 fill er up.
Before I was playing with 1/4-1/2, never more than half. In my mind I was trying to rationalize that the cheapest gas available was always in my tank.
Now that supply is high I may have to go back to the never more than half strategy. Its a mental war!!
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Old 09-15-2006, 07:14 AM   #11
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This is no accident and has nothing to do with market demand and everything to do with politics. I believe gasoline will spike back up after the November elections. BP originally reported a major problem with corrosion in its Alaska pipeline and, miraculously, it's now getting the flow back on line much earlier than expected. The government is suddenly issuing economic numbers that show upticks not seen in years (some of the economists can't even figure it out). The generals were caught fudging the August figures from Iraq on the deaths due to violence. We're being scared out of our wits over terrorism. This is all part of an orchestrated campaign to keep the current people in power, but I hope the American people are smart enough to see through it. Sorry to inject politics on such a fine board, but I might as well tell it like it is. In the meantime, let's enjoy lower gas prices while we can. We're paying for it in other ways.
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Old 09-15-2006, 07:52 AM   #12
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Quote:
Originally Posted by bmussatti
I have been traveling all week in MNBoxster's great state! The other day, I bought regular unleaded (for the company cruiser!) for $2.29/gallon!! Pretty shocking. Maybe we will see <$2.00/gallon gas again soon.

Northern Wisconsin already has some nice Fall colors! Wish I were in the Boxster to take more of it in.
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$1.96 in Iowa today. They use a lot of ethanol there, I think.
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Old 09-15-2006, 08:18 AM   #13
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Quote:
Originally Posted by longislander1
This is no accident and has nothing to do with market demand and everything to do with politics. I believe gasoline will spike back up after the November elections. BP originally reported a major problem with corrosion in its Alaska pipeline and, miraculously, it's now getting the flow back on line much earlier than expected. The government is suddenly issuing economic numbers that show upticks not seen in years (some of the economists can't even figure it out). The generals were caught fudging the August figures from Iraq on the deaths due to violence. We're being scared out of our wits over terrorism. This is all part of an orchestrated campaign to keep the current people in power, but I hope the American people are smart enough to see through it. Sorry to inject politics on such a fine board, but I might as well tell it like it is. In the meantime, let's enjoy lower gas prices while we can. We're paying for it in other ways.

Well, that is a bit of interesting fantasy!

The OPEC oil cartel met last week in an attempt to keep world oil prices above their new "floor" price of $64 a barrel.

It is widely thought that this new floor will not hold as OPEC does not have enough clout with the rest of the oil producing nations to make it stick.

In other words, these guys pumping oil need the money and will sell if the spot market price drops below OPEC's cartel price. Putin needs his dough!

That is the way it works in the real world, you know, the one where the conspiracy theory guys are busy watching Michael Moore's latest fiction and thinking it is actually happening that way.
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Old 09-15-2006, 08:19 AM   #14
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"In the meantime, let's enjoy lower gas prices while we can. We're paying for it in other ways."

It looks like the Brits and Europeons are paying for it, you know at $6.15 per.

BTW-How much SHOULD gas cost anyway and how did you arrive at that price?
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Old 09-15-2006, 08:32 AM   #15
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Originally Posted by noone986s
How about $7.15 in the UK? Sucks, especially as most of it is Tax

I lived in the US for a while and recall the days of $10 fillups
I'm doing the reverse- now an Brit ex-pat enjoying the much cheaper gas in the US. I went home to England recently and spent almost $100 filling up a cheap rental car that was no fun to drive. It's adding insult to injury knowing you're paying 2.5 times more AND the petrol is not going in a Porsche!
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Old 09-15-2006, 08:41 AM   #16
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gas should cost $20 for a tank.
SUV drivers should pay $100 a tank.

That's fair.

p.s.
Between the price of a barrel of crude (what happened to $100 a barell?)
and what the Exxons, Shells, BP's end up charging you at the pump there is
allot of price manipulation.
Those Oil companies are raking in money like you can't imagine and their political influence in congressional elections (particularly in Texas) should not be underplayed.
Remember when the Saudis where straight up saying "we'll tinker with the price of our crude to help the American during their elections"?? Straight from the horses mouth. The freehand of capitalism is a frail one when it comes to this particular commodity.
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Old 09-15-2006, 08:57 AM   #17
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From today's newswires!

"A sharp decline by oil prices has also fueled the rally. Lower energy costs should take pressure off of inflation and give consumers strapped by a cooling housing market some added pocket change. Crude was moving lower again Friday, sliding 78 cents to $62.44 a barrel on the New York Mercantile Exchange as momentum-driven speculators continued to jump out of the energy market."

I guess the "conspiracy" to hold those prices above $64 failed?

Perhaps they are just trying to fool us into thinking there is a world spot maket functioning for oil?
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Old 09-17-2006, 09:15 AM   #18
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Brucelee, we'll see if it's really fantasy. Watch what happens to prices after the elections.

Fossil fuels have become a national strategic resource, yet our government allows them to be manipulated in return for political bribes. With the industry in private hands, we pay unnecessarily high prices (witness the oil companies' billions in ADDITIONAL profits), face arbitrary limits on supply (the oil companies -- with all their money -- haven't built a new U.S. refinery in 30 years and their maintenance of the existing facilities is highly suspect), and the nation isn't pursuing alternative energy (with so many politicians in oil companies' pockets).

If market forces for crude are driving prices, oil companies' margins would remain the same. Yet profits have skyrocketed.

You need to wake up and see how things really work in this country. I'm not sure I'm the one who's believing in fantasies.
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Old 09-17-2006, 10:00 AM   #19
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I bought 93 octane yesterday in Champaign, IL for $2.55!
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Old 09-17-2006, 12:26 PM   #20
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Quote:
Originally Posted by longislander1
Brucelee, we'll see if it's really fantasy. Watch what happens to prices after the elections.

Fossil fuels have become a national strategic resource, yet our government allows them to be manipulated in return for political bribes. With the industry in private hands, we pay unnecessarily high prices (witness the oil companies' billions in ADDITIONAL profits), face arbitrary limits on supply (the oil companies -- with all their money -- haven't built a new U.S. refinery in 30 years and their maintenance of the existing facilities is highly suspect), and the nation isn't pursuing alternative energy (with so many politicians in oil companies' pockets).

If market forces for crude are driving prices, oil companies' margins would remain the same. Yet profits have skyrocketed.

You need to wake up and see how things really work in this country. I'm not sure I'm the one who's believing in fantasies.

So, since the average ROI for Oil Companies over the last 20 years is actually lower than the stock market as a whole, you are saying that there is

A- Monopoly for oil companies to price however they want. It is just now that they are doing so.

B-That even though there is this monopoly, the oil companies choose to keep lower ROI numbers.

C-There have been anti-trust investigations conducted by the FTC, the Justice Dept. Congress, and about 35 state AGs. Yet, not one oil company exec or company has been indicted for any crimes of price fixing, etc.

That must mean that .......




It is all a vast right wing conspiracy!

Yet, the price of gas in the US is lower than it is in the rest of the world.

D-The oil companies monopoly power and their consipracy with the US Govt still won't allow them to get through the greenies in order to build new refineries. Check the public record, they have tried and failed any number of times.

Sorry, the price of gas will rise and fall, as supply and demand rise and fall.

That is the way it has always been!

But, don't let history get in the way of a good consipiracy!

PS-Since you believe this whole deal is a vast conspiracy, I will ask you the key question here.

HOW MUCH SHOULD GAS COST and how do you know that?


.

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