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Old 04-23-2007, 08:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

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Last edited by Donger; 10-10-2014 at 01:43 PM..
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Old 05-02-2007, 11:37 AM   #136
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Quote:
Originally Posted by Bowser
Refineries here, or refineries worldwide?

See, I'm not sure what all is the reason gas has risen so sharply. First, it was the whole Iraq ordeal. Then, it was the hurricanes. Then, it was China and Indonesia and their consumption rates. Then, it was the threat of Iran doing something stupid. Now, OUR refineries aren't being used at full capacity. I count two of those five reasons being domestic problems.

I call bullshit. Have they given a plausible reason as to why our refineries are operating at a reduced capacity?
Our domestic refineries. When you have any machine that's operating 24/7 at 100%, it's eventually going to break or occasionally need significant maintenance. That's happening now.

The price of crude is still the primary culprit behind high gasoline prices, but this is an example of how the refining component can come into play.

Here are some fun facts:

The current refinery squeeze has been building for years. For the past two decades, deregulation and low profits have combined to push the industry into consolidation. Partly because of environmental regulations, it was cheaper to expand existing refineries than to build new ones. In 1981, the US had 324 refineries with a total capacity of 18.6 million barrels per day, the Department of Energy reports. Today, there are just 132 oil refineries with a capacity of 16.8 million b.p.d., according to Oil and Gas Journal, a trade publication.
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Old 05-02-2007, 11:39 AM   #137
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"Low profits"? Now I REALLY call bullshit.
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Old 05-02-2007, 11:40 AM   #138
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Quote:
Originally Posted by Bowser
"Low profits"? Now I REALLY call bullshit.
Like most people, I can assume that you weren't aware that oil companies are not always profitable?
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Old 05-02-2007, 11:52 AM   #139
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Quote:
Originally Posted by frazod
I'm doing what I can. I'm driving less and putting E85 in my car. I'd rather see my fuel money go to Iowa rednecks than terrorist-supporting Arabs.
i read somewhere that e85 requires some additional parts for the fuel system and motor...

is the motor in your car designed to use e85?

apparently there's something about damaging the engine if you don't have it set up (at the factory) for it...
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Old 05-02-2007, 11:55 AM   #140
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E85 can only be used by engines built for E85. However, those same engines can burn regular gasoline as well.
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Old 05-04-2007, 10:28 AM   #141
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The national average retail price hit $3.012/gallon today.
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Old 05-04-2007, 11:02 AM   #142
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There is a Shell station in San Diego at I-5 and Del Mar Heights RD that sells gas about 35 to 40 cents higher than other stations in the area. Yesterday they were selling premium at $3.97 a gallon. I have to put premium in my car and I paid $3.55 for it. Ouch!
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Old 05-04-2007, 11:18 AM   #143
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Just saw regular gas at $3.40 a gallon up here. It was at a gas station that is over priced though....so take it for what its worth.
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Old 05-04-2007, 11:46 AM   #144
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Quote:
Originally Posted by go bo
i read somewhere that e85 requires some additional parts for the fuel system and motor...

is the motor in your car designed to use e85?

apparently there's something about damaging the engine if you don't have it set up (at the factory) for it...

I'm pretty sure he had a thread awhile back that said he has an impala that runs on e85. I could be wrong though.
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Old 05-04-2007, 11:51 AM   #145
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Just as a reference, gasoline is $0.20 higher per gallon than it was last year at this time. Here's hoping that we don't have any major hurricanes in the Gulf this season either.
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Old 05-04-2007, 02:06 PM   #146
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Quote:
Originally Posted by Pitt Gorilla
E85 can only be used by engines built for E85. However, those same engines can burn regular gasoline as well.
O.K., econ students. E85, is a "substitute good" for gasoline, so, can anyone tell me what will happen to the price of E85, regardless of the cost to produce it, if Gasoline continues to rise to obscene prices, say, 5 buck a gallon?
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Old 05-04-2007, 03:14 PM   #147
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Quote:
Originally Posted by Donger
Just as a reference, gasoline is $0.20 higher per gallon than it was last year at this time. Here's hoping that we don't have any major hurricanes in the Gulf this season either.
Unless you're in the oil industry, then you're praying for it.
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Old 05-04-2007, 03:27 PM   #148
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Quote:
Originally Posted by Mr. Carlson the Bugeater
Unless you're in the oil industry, then you're praying for it.
They don't particularly like it when their rigs are destroyed, but yes, they would benefit from the increased price of crude that would result.
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Old 05-04-2007, 04:20 PM   #149
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Quote:
Originally Posted by Bowser
Refineries here, or refineries worldwide?

See, I'm not sure what all is the reason gas has risen so sharply. First, it was the whole Iraq ordeal. Then, it was the hurricanes. Then, it was China and Indonesia and their consumption rates. Then, it was the threat of Iran doing something stupid. Now, OUR refineries aren't being used at full capacity. I count two of those five reasons being domestic problems.

I call bullshit. Have they given a plausible reason as to why our refineries are operating at a reduced capacity?
Fine, Gas companies really are evil, and they are pissed the democrats took over and they are giving it to you in the ass to teach you a lesson.

There, do you feel better now?
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Old 05-04-2007, 04:22 PM   #150
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Quote:
Originally Posted by Mr. Carlson the Bugeater
Unless you're in the oil industry, then you're praying for it.
Of course, us liberals KNOW that praying will do no good, but using only one square of toilette paper, will definitely help reduce the number of Hurricanes caused by mankinds ruthless destruction of the environment, which we all know CAUSED the globe to heat .10 degrees C in the last 100 years, and THAT was what caused all the 'canes 2 years ago.
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