Gas Costs Rise, Set Record For This Time Of Year

[Jmartin]

I was watching Fox News one morning, and they said for every cent that gas goes up $4 million dollars a day are taken from consumers pockets. So the 60 cent increase in recent weeks is costing the economy $240 million dollars a day.

[docstew]

I just find it impressive that for the first time that I can remember, the gas on post is almost $.20 cheaper per gallon.

[NHSparky]

Congrats, America--average price now at $3.509 a gallon.  Crude at $106+ a barrel.

All over a country (Libya) that supplies 1/2 of 1 percent of our oil.

[Evil_Conservative]

$3.37 here last night, but, I get discount coupons for the gas station owned by the supermarket I shop at. I paid only $2.87 per gal. instead.

Same here.  We shop at Smith's.  Once you get 100 points, we get 15 cents off a gallon.  I am two points away and need to fill up soon. 

[Chris_]

Prices around here still fluctuate depending on which part of town you're in.  I paid $3.50 for regular at the Shell in my neighborhood, but I drove in to work this morning and it's still $3.30~3.31 at the Speedway and BP across the street.

[Jmartin]

Congrats, America--average price now at $3.509 a gallon.  Crude at $106+ a barrel.

All over a country (Libya) that supplies 1/2 of 1 percent of our oil.

I think it is time to line up the oil companies CEOs, and speculators before congress to explain why in the hell prices are so high. Funniest thing is our oil supply has been left totally unaffected since all this mess started/

[Lacarnut]

I think it is time to line up the oil companies CEOs, and speculators before congress to explain why in the hell prices are so high. Funniest thing is our oil supply has been left totally unaffected since all this mess started/

FYI, OPEC sets the price of oil not the oil companies. You can beat up on the oil CEOs and speculators all you want but this country has had a f....up oil policy for the last 40 years. No new drilling in the Gulf of M., no drilling off our east and west coast, no drilling on land in the west, no drilling in Anwar, pissing billions away on green energy such as Ethanol. Natural gas could be used to fuel every 18 wheeler in the US. Our politicians are 100% responsible for the high cost. Jimmy Carter stated, we would not be dependent on foreign oil in 25 years. When the price dropped after the oil embargo, the politicians and the public forgot about new production. The oil companies want to drill but the morons in DC and the Env. wackos will not let them.

FYI, gasoline is about the same price as a gallon of milk or a gallon of orange juice. Why is that? Let's have an investigation why their prices are so high. Funniest thing is that people like you do know squat about the oil industry.

[compaqxp]

5.08/G (1.34/L) this morning for diesel and 4.83G (1.28/L) for Regular gas.

But only if my math is right.

[zeitgeist]

5.08/G (1.34/L) this morning for diesel and 4.83G (1.28/L) for Regular gas.

But only if my math is right.

What part of that sparsely populated land mass to our north do you speak of?  For example, what time zone are you in up there Compaq.  I was planning a trip Down Maine and into the Provinces this sumer but at the current rate of fuel increases I'll be lucky if I can afford to turn the rig around in the back yard...

The tourist industry will take a pretty good hit if these prices hold.  It's not just the big rigs that burn diesel to get from point A to B.

[LC EFA]

5.08/G (1.34/L) this morning for diesel and 4.83G (1.28/L) for Regular gas.

But only if my math is right.

I use 3.8L to the US fluid gal - this is a close approximation not the exact figure.

Using this you are correct - assuming your per volume price is accurate.

There are several different accepted measures for a gallon depending on locality and if it's "dry" etc and so on - thus this is is yet another reason why I prefer the metric system.

Which is besides the point - What you're paying is STILL cheaper than what I pay.

[zeitgeist]

I use 3.8L to the US fluid gal - this is a close approximation not the exact figure.

Using this you are correct - assuming your per volume price is accurate.

There are several different accepted measures for a gallon depending on locality and if it's "dry" etc and so on - thus this is is yet another reason why I prefer the metric system.

Which is besides the point - What you're paying is STILL cheaper than what I pay.

Not only do we have to consider the conversion of weights and measures, I fear we also must know if this is expressed in Pounds, pence, and shillings.  I mean what is Compaq's cost basis, is it Canadian or American money he quotes and what is the exchange factor if that is the case.  When I did the calculations the other day I think I used 3.75l to the gallon (US liquid).   

And what measure for the gallon?  Is Oh, Canada are still partial to the Imperial gallon?  No one said it would be easy.

[CG6468]

Distances in Canada are in furlongs per fortnight.

[Jmartin]

FYI, OPEC sets the price of oil not the oil companies. You can beat up on the oil CEOs and speculators all you want but this country has had a f....up oil policy for the last 40 years. No new drilling in the Gulf of M., no drilling off our east and west coast, no drilling on land in the west, no drilling in Anwar, pissing billions away on green energy such as Ethanol. Natural gas could be used to fuel every 18 wheeler in the US. Our politicians are 100% responsible for the high cost. Jimmy Carter stated, we would not be dependent on foreign oil in 25 years. When the price dropped after the oil embargo, the politicians and the public forgot about new production. The oil companies want to drill but the morons in DC and the Env. wackos will not let them.

FYI, gasoline is about the same price as a gallon of milk or a gallon of orange juice. Why is that? Let's have an investigation why their prices are so high. Funniest thing is that people like you do know squat about the oil industry.

Well last time gas prices were this high oil was $180 a barrel. Right now it is $104 per barrel. I have no problem with businesses making money out the ass, but when they take advantage of me because I have no other choice but to take it then I have a problem. With current oil prices gas should be the price we were paying in Nov. 

[NHSparky]

Well last time gas prices were this high oil was $180 a barrel. Right now it is $104 per barrel. I have no problem with businesses making money out the ass, but when they take advantage of me because I have no other choice but to take it then I have a problem. With current oil prices gas should be the price we were paying in Nov. 

Actually, the peak oil price was $147/bbl.

Oil, like all other commodities, is just that--a COMMODITY, to be bought and sold.  If less is available due to interruption or lack of supply, the price goes up. 

If you want to blame someone, don't blame Exxon-Mobil, blame OPEC.  Blame our current administration for not having done something about this months ago, or when they DID do something, they shut down drilling in the Gulf.  Blame the administration for allowing the rigs to be leased out to other companies which means even if the moratorium was lifted there isn't any way to drill now.  Blame Congress for not allowing the drilling to take place after Bush opened up permits offshore and elsewhere in 2008.

And no, if crude is $105 today, and was $76 in November, no, the price should NOT be the same.

But keep one thing in mind, boys and girls, when adjusted for inflation, we're about where we were in 1980.  We're NEVER going to see oil under $40-50 a barrel.  EVER.

[Jmartin]

Actually, the peak oil price was $147/bbl.

Oil, like all other commodities, is just that--a COMMODITY, to be bought and sold.  If less is available due to interruption or lack of supply, the price goes up. 

If you want to blame someone, don't blame Exxon-Mobil, blame OPEC.  Blame our current administration for not having done something about this months ago, or when they DID do something, they shut down drilling in the Gulf.  Blame the administration for allowing the rigs to be leased out to other companies which means even if the moratorium was lifted there isn't any way to drill now.  Blame Congress for not allowing the drilling to take place after Bush opened up permits offshore and elsewhere in 2008.

And no, if crude is $105 today, and was $76 in November, no, the price should NOT be the same.

But keep one thing in mind, boys and girls, when adjusted for inflation, we're about where we were in 1980.  We're NEVER going to see oil under $40-50 a barrel.  EVER.

I blame Obama,and friends just as much. I even blame the Republicans for not doing anything when they had the chance, well until it was too late. Even if drilling in the GOM went back to ull swing by DEC - June 2012 it won't be enough. The hype over the middle east seems to be having less of an effect, but I don't see prices going down even if it is just 10-15 cents.

One reason I am so pissed about this BS is in NOV. it only cost $113 to fill my tank. Now it would cost $142 or $29 more than just four months ago. It might not hamper me too much since my only bills are my truck payment and insurance, but it would cost me $180 a month just to go to work and back. At least the Mobile area is fairing better than most with most stations charging $3.39 per gallon.

[Lacarnut]

Actually, the peak oil price was $147/bbl.

Oil, like all other commodities, is just that--a COMMODITY, to be bought and sold.  If less is available due to interruption or lack of supply, the price goes up. 

If you want to blame someone, don't blame Exxon-Mobil, blame OPEC.  Blame our current administration for not having done something about this months ago, or when they DID do something, they shut down drilling in the Gulf.  Blame the administration for allowing the rigs to be leased out to other companies which means even if the moratorium was lifted there isn't any way to drill now.  Blame Congress for not allowing the drilling to take place after Bush opened up permits offshore and elsewhere in 2008.

And no, if crude is $105 today, and was $76 in November, no, the price should NOT be the same.

But keep one thing in mind, boys and girls, when adjusted for inflation, we're about where we were in 1980.  We're NEVER going to see oil under $40-50 a barrel.  EVER.

OPEC sets the price. Oil companies that drill overseas do NOT profit from the higher prices because contracts with M.E. countries are based on each barell of oil that they remove from the ground. It makes no difference if the price is 50 bucks or 150 bucks, they get the same amount in most cases.

Valero is the largest refiner in the US. They pay market price refine it and sell it to wholesalers and on down the line with everyone taking a cut of the pie. Another point is that profit margin from the refiner to the gas station operator is very thin. Volume is where they make money. Plus, a station operator basis the amount he will charge not what he paid for his current stock but what he believes the next shipment will cost him and adds a few cents on to that per gallon.
 

[seahorse513]

Get this!!! $51.00 to fill my tank!! $51.00..........UGGA!!!!!!!!!!!! I almost starting hyperventillating at the gas pump!!! This is craziness!!!!!!
A pox on the gas/oil people!!

[LC EFA]

Get this!!! $51.00 to fill my tank!! $51.00..........UGGA!!!!!!!!!!!! I almost starting hyperventillating at the gas pump!!! This is craziness!!!!!!
A pox on the gas/oil people!!

If it's any consolation - to fill both tanks from bare empty on my pickup sets me back something like $250.

[IassaFTots]

I have been watching my same station all week.  The price held from Friday.  No increase.  I have to get gas today.  Danged if it didn't go up 11 cents over night.   

[Chris_]

[Celtic Rose]

$3.90's for regular, and over $4 for the two higher grades out here now. 

[Chris_]

$2.39 out here at the airport.  Diesel is 40 cents more.

[thundley4]

$2.39 out here at the airport.  Diesel is 40 cents more.

Was that a typo?

[IassaFTots]

$2.39 out here at the airport.  Diesel is 40 cents more.

2.39? 

[Rebel]

3.35 in Augusta. That's 83.42 per fill-up in the truck (348.6 miles) and 6.03 in the scooter (153 miles).