06-03-2008, 10:51 AM
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#1
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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How much is perrier per gallon, how about a Starbucks latte.
Folks are funny around fuel prices.
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Rich Belloff
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06-03-2008, 10:52 AM
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#2
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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BTW- I asked this question last year.
How much SHOULD gas cost and how do you know that?
:dance:
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Rich Belloff
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06-03-2008, 09:35 PM
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#3
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Registered User
Join Date: Feb 2008
Location: Du Monde
Posts: 2,199
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Quote:
Originally Posted by Brucelee
BTW- I asked this question last year.
How much SHOULD gas cost and how do you know that?
:dance:
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According to the API, it costs about $60/bbl. to drill, pump and refine a barrel of crude from on-land and coastal-water rigs and upwards of $90 for deep-sea rigs.
One barrel of crude equals 42 gallons. This will yield 47% (19.7 gal.) gasoline, 23% (10 gal.)heating oil and diesel fuel, 18% (7.5 gal.) is refined to other products including petrochemical feedstock such as polypropylene, 4% (1.7 gal.)propane, 10% (4.2 gal.) jet fuel, and 3% (1.26 gal.) asphalt. (Percentages sum to over 100 because there is approximately a 5% processing gain in refining.) - source: Energy Information Administration - http://tonto.eia.doe.gov/ask/crudeoil_faqs.asp
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06-05-2008, 05:56 AM
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#4
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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Quote:
Originally Posted by Lil bastard
According to the API, it costs about $60/bbl. to drill, pump and refine a barrel of crude from on-land and coastal-water rigs and upwards of $90 for deep-sea rigs.
One barrel of crude equals 42 gallons. This will yield 47% (19.7 gal.) gasoline, 23% (10 gal.)heating oil and diesel fuel, 18% (7.5 gal.) is refined to other products including petrochemical feedstock such as polypropylene, 4% (1.7 gal.)propane, 10% (4.2 gal.) jet fuel, and 3% (1.26 gal.) asphalt. (Percentages sum to over 100 because there is approximately a 5% processing gain in refining.) - source: Energy Information Administration - http://tonto.eia.doe.gov/ask/crudeoil_faqs.asp
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That MAY be the cost of procuring the oil to gas. The second question is how much should it sell to us for?
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Rich Belloff
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06-05-2008, 06:06 AM
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#5
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Registered User
Join Date: Sep 2006
Location: Naperville, IL
Posts: 793
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Without reading any of these responses I will say that I tested this out the other day.
I filled up my tank and then reset the onboard computer to check my MPG.
It is only 1/2 a mile from the Shell to my house so while driving home I blipped the throttle when downshifting and braking and I watched as the MPG numbers went WAY down. It was 19.2 and dropped to 15.4 by the time I made my final turn into my garage.
When the RPMs go up the MPG goes down.
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06-05-2008, 09:07 AM
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#6
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Registered User
Join Date: Jan 2006
Location: Northern VA
Posts: 238
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As a general rule, I've been following the "coast to a stop" philosophy. It seems to make much more sense to me to have the engine at idle as I coast from say 30-40 mph than to have the idle at at any other RPM. I also think its fun to see how well I can use my momentum to use the brakes as little as possible to come to a stop. This requires you to look far ahead as possible which is a trait you need in motorsports so its kind of putting theory into practice.
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Rich F
somewhere
past: 2000 Boxster S
past: 2010 Boxster S
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06-05-2008, 11:33 AM
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#7
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Registered User
Join Date: Feb 2008
Location: Du Monde
Posts: 2,199
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Quote:
Originally Posted by Brucelee
That MAY be the cost of procuring the oil to gas. The second question is how much should it sell to us for?

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OK now you open up a whole new can of worms...
Crude Oil is traded as a commodity and therein lies the problem. As a commodity, it's price is based primarily on Investor Confidence - confidence that an Investor can buy it and then later sell it at a profit !
Geo-political environment and events play a much greater role in establishing this Investor Confidence than do Supply and Demand (though these too play a lesser role).
Having it commodity-based allows for much greater manipulation of the price than if it were simply a raw material bought and sold as such. There is no way of setting a price of how much it should cost us... only what we're both willing and able to pay.
Last edited by Lil bastard; 06-05-2008 at 11:37 AM.
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06-05-2008, 04:40 PM
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#8
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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Quote:
Originally Posted by Lil bastard
OK now you open up a whole new can of worms...
Crude Oil is traded as a commodity and therein lies the problem. As a commodity, it's price is based primarily on Investor Confidence - confidence that an Investor can buy it and then later sell it at a profit !
Geo-political environment and events play a much greater role in establishing this Investor Confidence than do Supply and Demand (though these too play a lesser role).
Having it commodity-based allows for much greater manipulation of the price than if it were simply a raw material bought and sold as such. There is no way of setting a price of how much it should cost us... only what we're both willing and able to pay.
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Indeed, There is no SHOULD, there is only the point at which supply and demand meet.
__________________
Rich Belloff
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06-11-2008, 12:50 AM
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#9
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Registered User
Join Date: Jun 2007
Location: Bay Area, CA
Posts: 119
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coasting in neutral, instead of in gear... we're talking pennies here.
my take on it, leave it in gear, why, because if you don't, its DANGERIOUS! leave it in gear. when you are in neutral, you loose out on engine braking should you need to panic stop, should you need to evade something, you now have to put it back into gear, then accel out from whatever it was that you were about to hit.
FWIW, when I took my driving test years ago, the only point deduction that I got, and I almost failed because of it... I put the car in neutral too far before the stop sign, (about 100') I was already under 10mph. And some of the people here are talking about coasting it at 40mph? wow! i'm guessing you're coasting for a several hundred yards? are you at least leaving one hand on the shifter, so that you can get it back into gear quickly?
reasons I didn't buy a Porsche:
- to save on gas, even though this is my most fuel efficient car right now.
- to save on tires and purchase all-season touring tires
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