$2.29 a Gallon!!

[Norminhouston]

It's headed that way. Saw $211.9 at a Shell station in Houston today. Yipee!

[Brucelee]

Don't you love Supply and Demand when Demand drops a tad and supply increases?

[MikenOH]

enjoy it while it lasts..

[FIG]

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!!!!!!

[PSP]

Originally Posted by FIG

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!!!!!!

You got the exchange rate backwards.

AU$1=$0.75US or US$1=AU$1.33 , so

AU$1.30 = US$0.975 per liter

3.785 liters * US$0.975 = US$3.69 per gallon

(a little more than California, but in the same ballpark)

[sooner]

I agree with longislander1.

[dfresh713]

The whitehouse doesnt play that much of a large roll in lowering gas prices. Its a thing called supply and demand. India and China have more cars rolling and are using up more gasoline, thus more demand means where going to pay more money. It is the fall, people are not driving as much as the summer, houses arent using much oil yet so the prices will be lower the next month, and will moderatly shoot back up by mid to late october. The whitehouse did everything to lower gas prices, but with the democrats not letting the U.S. build another oil refinery or tap into the oil fields of alaska there is less oil in the world thus a higher price we pay.

[Poorshoesless]

Originally Posted by Norminhouston

It's headed that way. Saw $211.9 at a Shell station in Houston today. Yipee!

$211.9 per gal?

[Norminhouston]

I'm sure you must know that I meant two dollars eleven and nine tenth cents.

[telly808]

We're still hanging around 3.25 a gallon here in hawaii.... and its only 92 octane.

[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

[Perfectlap]

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!!

[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.

[johnsonrj74]

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!

[Perfectlap]

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.