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Automotive News & Views Report Your Local Gas Prices Here
8805 messages, Last post on Nov 27, 2009 at 11:25 AM
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And to think I can remember paying $0.74 a gallon back during the Clinton administration..... That was when the market was flooded and the result was the mergers that brought us ExxonMobil and Chevron owning Texaco, but the cheap gas was great! Chavez does have one distinct advantage that Cuba, Iran, N. Korea, and some other South American nations that he's aligning himself with don't have - boatloads of oil and his country's own chain of gas stations right here in the U.S. He does depend on the U.S. market but in the long run oil is a global resource and if we stopped buying his someone else would pick up the slack. I agree he's an amusing soundbite. Both he and Iran will be way upset if oil prices fall because both have shaky economies that are being kept afloat by oil revenues. oh, and $2.08 last I looked here at the Jersey shore.
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Replying to: fezo (Jan 23, 2007 3:34 pm)  Did you decide to come play in the sandbox with us fezo? "Chavez does have one distinct advantage that Cuba, Iran, N. Korea, and some other South American nations that he's aligning himself with don't have - boatloads of oil and his country's own chain of gas stations right here in the U.S." Couldn't have said it better myself. BTW - my wife filled up the Ody at $1.99 today. |
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price gouging really is: here it is folks. The guys who scoot down to New Orleans and offer to help them rebuild and get some of their cash in hand and just flee. Or the guys who scoot down to NO and offer to help them rebuild and charge about 2 and a half times the going contractor rate for rebuilding their flooded-out homes. Not to mention suddenly mute insurance policies and...ummm...higher premiums for being in the "Dixie" Club. Did I say that?  Oh, ghastly, ghastly, prices of Willcox, AZ, ghastly. The Mustang ghastly station, where my boy worked unhappily at for a few weeks before high-tailing it back up to the Evergreen State, is the lowest station in town at $2.11/gal for 87 no-lead. Over. |
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Replying to: rorr (Jan 23, 2007 1:22 pm) Rocky P.S. the $20 Billion figure is what I've heard also. The bottom line is this country is great because some people can be wrong and I'll leave it at that.
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what we were paying in W. Georgia almost 7 years ago.
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Replying to: wilcox (Jan 24, 2007 6:14 am) Okay, 7 years ago you reported fuel in the $1.40 range. Now, after 7 years, you report fuel in the $1.90 range. Looks like an annual inflation rate of about 4.45% for retail gas. Of course, I think it was trending up back in '00 and it seems to be trending down right now.
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Replying to: rorr (Jan 24, 2007 6:43 am) Rocky
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Replying to: rockylee (Jan 24, 2007 6:50 am) Oil companies don't sell gas, they sell oil. For the price of gas to be $1.50/gallon the oil companies would have to sell their oil for around $30/barrel, maybe less. Would you sell your home for less than market value? Probably not but lets say this is different and the oil companies should be forced to charge $30/barrel for oil. Are the countries we import 60% of our oil from going to go along with that? I'm guessing no. What about this Jack II discovery that's 250 miles off shore in the gulf? I've heard that the cost to extract this oil will be at least $50/barrel. Should the oil companies be forced to pump oil for a loss? We go through close to 8 billion barrels of oil per year that produce 42 gallons of refined product each. The profit margin doesn't have to be that great for this to add up to some pretty significant amounts. People feel the need to come up with some villian to blame for the high price of gas. Maybe there's a lot of villians. Look in the mirror, there's one.
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Took a trip from central VA to DC yesterday. As you get closer to the VA exurbs west of DC, the prices go down. A Wawa and Exxon close to each other on US Route 29 just south of Gainesville were charging $1.93 for 87, but $2.11 and $2.21 for 89 and 93, respectively. In Gainesville itself, RaceTrack (offbrand gas) had $1.91 for 87 and $2.01 for 89. Still stuck at $2.03 for 87 near home.
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Replying to: tpe (Jan 24, 2007 7:57 am) In the late 70s, I thought the "right" price for gas should be 50 cents a gallon. Around 1990, I thought the "right" price should be $1.00 -- it actually dropped well below this in the late 90s. Heck, when I started living on my own (off campus) in 1975, the price of a gallon of 2% milk was $1.29. Now, skim milk costs $3.39 or so, at best. How do you define "right?" |
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