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Old 04-23-2007, 09:40 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.

Spoiler!

Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 05-30-2007, 03:25 PM   #286
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I paid $3.58 this weekend in Indiana (The Tax State) for regular unleaded.

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Old 05-30-2007, 03:53 PM   #287
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Quote:
Originally Posted by dtebbe
I paid $3.58 this weekend in Indiana (The Tax State) for regular unleaded.

DT
It certainly didn't used to be that way. Indiana has recently raised their taxes. Before that, it was the place to go for cheap gas and cigarettes. The ****ing Illinois cops would watch the Indiana gas stations and cigarette shops for Illinois residents buying smokes so they could nail them for bootlegging. I never got caught, but I bootlegged plenty.

It's actually a couple of cents cheaper by me - the local Citgo was at $3.56 last night, IIRC.
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Old 05-30-2007, 04:01 PM   #288
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This is a fantasy scenario, but if America were to convert all of their current Oil Power plants to something else, what would that do to supplies of crude?
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Old 05-30-2007, 04:04 PM   #289
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Old 05-30-2007, 04:05 PM   #290
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Quote:
Originally Posted by J-Town Fan 1988
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This is a fantasy scenario, but if America were to convert all of their current Oil Power plants to something else, what would that do to supplies of crude?
You mean electrical power plants? If so, almost half are coal-burning. Petroleum fired plants make up something like 5%.
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Old 05-30-2007, 04:08 PM   #291
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Hmmm, I thought there were more than that. I knew coal was the majority however.

Any new breakthroughs with oil shale mining?
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Old 05-30-2007, 04:09 PM   #292
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Quote:
Originally Posted by J-Town Fan 1988
Hmmm, I thought there were more than that. I knew coal was the majority however.

Any new breakthroughs with oil shale mining?
I don't know. I doubt that there will be unless the price stays high.
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Old 05-30-2007, 04:25 PM   #293
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What do you guys think? Do you agree with this number?

"Americans on average say that at $4.38 they would significantly cut back on the amount of driving they do."


Depends on the American, and that is what concerns me. Simply put, the people who are saying the gas prices are no big deal are the people who can afford to buy the gas without having to give up something else. The folks that are getting hurt are the ones who just make it (or don't always quite make it) from check to check. Twenty gallon gas tank, gas a buck higher than a couple months back, go through a tank a week that's $80 a month.......lots of people can't cover that and have to give up something elsewhere.

I donated some groceries at a local food bank today. There were quite a few people in line to get some help. Most of them looked like working class folks. I wondered how many of them were needing help with food because of gas prices, maybe people who were barely making it before and now coming up a little short.
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Old 06-08-2007, 05:10 PM   #294
Donger Donger is offline
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National retail average is now $3.09
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Old 06-08-2007, 05:15 PM   #295
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National retail average is now $3.09
Just think, the higher the gas prices, the more fat people will be sitting next to you on full flights...
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Old 06-08-2007, 05:18 PM   #296
Donger Donger is offline
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Just think, the higher the gas prices, the more fat people will be sitting next to you on full flights...
Yes, it's amazing how those obese people always complain about "not being able to fit inside a Honda," yet that manage to squeeze into an airplane seat.
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Old 06-08-2007, 05:35 PM   #297
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Old 06-08-2007, 05:41 PM   #298
PastorMikH PastorMikH is offline
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Neighbor here just got back from a trip to Texas. He's friends with a refinery exec and visited with him during the week. His friend told him they are making 90 cents a gallon profit on the gas leaving the refinery. He also said that before gas went up they were getting 16 to 18 cents a gallon profit.


No, we're not being gouged.
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Old 06-08-2007, 05:45 PM   #299
Donger Donger is offline
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Quote:
Originally Posted by PastorMikH
Neighbor here just got back from a trip to Texas. He's friends with a refinery exec and visited with him during the week. His friend told him they are making 90 cents a gallon profit on the gas leaving the refinery. He also said that before gas went up they were getting 16 to 18 cents a gallon profit.


No, we're not being gouged.
You mean when crude was $25/barrel?
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Old 06-08-2007, 05:58 PM   #300
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Quote:
Originally Posted by Donger
You mean when crude was $25/barrel?

Actually, he said it was just over a year ago when they were getting the 16 cents profit.

And profit is still profit (income over expenses). The cost difference between the $25 and $75 barrels is being passed on as well as the 5x higher profit margins.
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