Gas Prices

[Da' Legend]

1 US gallon = 3.7854118 litre

Used in Asia, Africa and some European countries.

 

[mindido]

Well cable,

There is absolutely nothing I can say to that. You don't read or believe oil analysts? The people that know more about the business than anyone? Your choice. There have been no new environmental laws affecting the oil industry since gw was elected, in fact, they're being loosened, but, its the environmentalists fault. Fed and state gas taxes may have gone up a few cents over the last year so I guess that explains the $40 price increase.

I've read at least 7 or 8 reports by oil analysts within the last 2 weeks and none of them makes your assertions. Not one.

And just to make everyone even happier, many of these guys are saying that oil should be at $70 per barrel by the end of the summer. If there are any major supply interruptions, it could be even higher.

 

[mindido]

A gallon of regular unleaded hit $2.26 at discount gas stations over the weekend. About a 6 cent increase.

A new article on whats going on:

http://news.yahoo.com/s/ap/20050627/ap_on_bi_ge/oil_prices_15

Oh, but do remember, none of these guys graduated from the cable school of economics, so its probably BS.

 

[cableguy]

mindido, the problem is the existing environmental regs that make it illegal to build new refineries or harvest the oil the US is floating on... remove those, and just watch the price of crude plummet... opec is an artificial restriction on supply, and the oil companies that buy from opec cant upset that oil cart, or they might face restrictions on volume... there is NOTHING free market about opec... also, just because you read it, doesnt make it true...

legend, i wasnt looking for a conversion, it was a good natured barb at the uncivilized world that uses that communist system of measuring things...

mindido, a few things from that story... first, the increassed price has done NOTHING to demand in the US... second, please note the use of the word "quote" rather than the word "capacity" in several areas of the article... also present was the note that the concern was mostly "demand driven SPECULATION" which doesnt take into account the way things are now, but various "what if" scenarios... not bs, but most definitely incomplete...

it isnt my school of economics, but you would do well to read hayek, sowell, williams, and smith...

 

[mindido]

Cable,

And so they teach at the cable school of economics.

I'm glad your the only grad.

 

[Japanese Dude]

$2.50 here in Honolulu.

 

[singhr]

I'm not sure what everyone from the US here is complaining about. Going by the 1 US gallon = 3.7854118 litre our price here per litre right now is around 0.91 cents or around $3.44 per US gallon. You guys are paying around 0.66 cents per litre....

Stop yer bitchin' dammit!

 

[cableguy]

singhr, we buy gas in gallons, not this mysterious "litre."

mindido, again, i refer you to the economists listed above... a study of the US economy under President Reagan would also be of great use to you... the addition of price supports, artificially limited supply, and/or restricted or overstated demand (none of which belong in a free market) all affect prices, even though you refuse to acknowledge it... oil is NOT being produced, bought, or sold under free market conditions... there are simply too many instances of tampering that affect the end price... break opec, force current opec members to produce independantly, and you will be much closer to a free market condition...

apparently, economics in wisconsin consist mainly of "believe everything you read" and "business and free markets are evil"... i am at a loss as to how else you could ignore the rest of the story otherwise...

economic predictions are like weather forecasts... correct sometimes, but sometimes dead wrong... a year ago, the euro was doing quite well, now, it is in a free fall... who predicted that one a year ago??? not too many folks, and i would dare to say that some of the sources you have quoted also listed the euro as a wonderful long term investment... then the european constitution failed twice, there is unrest over adding turkey, unemployment is rampant, nationalism is being lost, and now, italy is seriously looking at getting rid of the euro altogether... other nations will likely follow... the eu was a great idea on paper, but doomed to fail in the long term... too many would lose too much for it to be viable... history and economics combine to tell the true story here, one you couldnt find a year ago...

oh, and gas prices, largely because of taxes, are way too high in europe as well...

 

[Iceberg]

singhr, we buy gas in gallons, not this mysterious "litre."

Yes, but even in Honolulu (where gas is the most expensive in the US), where gas is $2.50 US per gallon, it is 82.1 cents Canadian per litre, while we here in Canada are paying nearly a dollar Canadian a litre. So, you in the US are paying less than anyone else in the developed world.

oh, and gas prices, largely because of taxes, are way too high in europe as well...

Incorrect. Gas prices in the US are far too low, since oil companies force states and the fed to charge low prices because they want people to purchase large quantities of fuel so they make more money.

Gas prices in Europe are as they should be throughout the world, since they promote rationing and conservation rather than buying obscene vehicles like SUVs and Hummers. Such vehicles should be prohibited, unless one is a doctor and has to make house calls in a blizzard.

Suburbanites who drive SUVs and Hummers have a low self-esteem and are the most selfish and self-centred people on the planet (aside from those who support the Bush Administration, and some of these people drive these obnoxious vehicles, too). These people have no sense of the reality is on this planet.

 

[Da' Legend]

legend, i wasnt looking for a conversion, it was a good natured barb at the uncivilized world that uses that communist system of measuring things...

Thnx .. whatever that meant.
:llama:

 

[cableguy]

legend, try a slash before the close quote... might work better... also, you provided a mathematically correct conversion from the proper measurement of volume--the gallon--to that funny communist measurement known as the litre... that is what that meant... the rest should explain itself, though shouldnt be taken too seriously...

iceberg, you simply hate free markets, freedom of private citizens, and personal choice, and have once again resorted to name calling... a true suv (suburban/yukon/explorer/durango) is simply a smart vehicle for a family with more than one kid... trucks and suvs are also a must have if one owns a boat, snowmobiles, atvs, or personal watercraft... one simply cannot tow anything substantial behind the small crappy cars that are sold nowadays... one also cannot transport building supplies or large things in a small car... trucks and suvs are a practical, not to mention safe, thing to have... it has nothing to with self esteem (a meaningless crap concept anyway), selfishness, or self centeredness, unless convenience, practicality, and the desire to survive a wreck that might happen are selfish, self-centered, low self esteem things... oh, i suppose wanting to keep your family safe in the event of a wreck is also selfish and self-centered, and doubtless the result of low self esteem...

the hummer is, in most cases, a toy... it is wonderful for off-roading, and it looks kinda cool on the road... since when are toys illegal or immoral?? you are a socialist... i dont agree with it, but you should admit what you are, it is the first step to recovery...

no one should EVER pay a higher price for ANYTHING because of this silly word "fairness." the market should set the price, and whatever that price is, thats what people will pay... many folks in europe WISH they could drive more... car registration, gas prices, and the complete shit selection of vehicles (because of things like engine displacement taxes) limit this to a dream... if you really cared about your fellow humans, you would argue for lower taxes and fees, and allow more folks to enjoy the lives they WANT to live...

berg, you are WAY better than that post...

 

[cableguy]

mysteries of the day...

http://www.nytimes.com/2005/07/14/b...&partner=rssuserland&emc=rss&pagewanted=print

that article notes a mysterious DROP in the demand for oil coming out of china... it also states that the current prices are unjustified by the current market... finally, it notes that production is now exceeding capacity..

if chinas economy crashes (it will), dire predictions are being made for a precipitous fall in the price of oil... i love the smell of failed command economies in the morning...

 

[mindido]

Just returned from a trip out west and thought I'd share some of the gas prices I ran into. All prices are rounded to the nearest penny.

7-04 N. IL 2.18
" Rochester, MN 2.12
" Sioux Falls, SD 2.07
" Badlands, SD 2.34
" Gillette, WY 2.13
7-05 Billings, MT 2.22
" Deer Lodge, MT 2.29
" Coeur d' Alene, ID 2.20
" The Dalles, OR 2.30
7-06 Coos Bay, OR 2.36
7-09 Brookings, OR 2.46
7-10 Yreka, CA 2.70
" Reno, NV 2.58
7-11 Elco, NV 2.30
" Orem, UT 2.18
7-13 Rock Springs, WY 2.30
" Pine Bluff, WY 2.21
7-14 Kearney, NE 2.27
" Des Moines, IA 2.10
" Madison, WI 2.34

Highest price seen was in Northern California at $2.80 per gallon and lowest was the $2.07 in Sioux Falls, SD.

Edit:

Sorry about the look of this but tabs and "excess" spaces don't seem to work very well here.

 

[bobobill]

7-14 Kearney, NE 2.27

Should have stopped in Grand Island gas is two cents cheaper

 

[mindido]

Bobo,

If only I had known. But by that time in the trip 2 cents per gallon wouldn't have made much of a difference.

 

[mindido]

Everyone having fun paying these rediculous gas prices?

First, a bit dated, but did anyone notice how, when the Saudi king died, prices jumped 10 to 20 cents? Ours jumped to $2.40 to $2.50 per gallon (87 octane).

Today, oil hits another record high. $62.90 per barrel and theres nothing really new going on.

Just one article:

http://www.signonsandiego.com/news/business/20050808-0559-oilprices.html

 

[maddgreek]

i thought this was funny
TBO taking bets gas will hit 3 bucks a gallon ....

http://news.tbo.com/news/MGBEZQY51CE.html

anyone has a horse for sell ?

 

[mindido]

Greek,

Don't have a horse, but I've been riding my bike a lot more lately. And $2.35? That was two weeks ago.

 

[KABOOM]

After the Saudi King died, gas here jumped to $2.30, the highest it has been since 9/11 (gas stations rose gas to over $4.00 in some places). Last check, it was $2.20, but it could go up since oil has now hit $64.00 a barrel.

 

[mindido]

Hey Kaboom,

I guess your right. My article was from this morning, now its up another buck to $63.99:

http://news.yahoo.com/s/ap/20050808...54ASAGs0NUE;_ylu=X3oDMTA3b2NibDltBHNlYwM3MTY-