Casper421
New member
Got gas today and to my surprise, its up to $3.59!!!! I might have to bust out the bike on the sunny days!
Fuel Prices...wow, it has gone up!
- Thread starter Thai
- Start date
Got gas today and to my surprise, its up to $3.59!!!! I might have to bust out the bike on the sunny days!
I live in North Hills and the freaking exxons there are $3.30 something for reg. absolutely ridiculous.
SkylineGTRracer
New member
Quoted for awesomeness! on a more serious note is not just gas. Everything you buy now is a result of inflation. What companies are doing now is giving you less but you still pay the same price. And recently my school is jacking up the prices on tuition and other things but at the same time cutting back on stuff like the gym and "non-academic" activity's.
gm350reratliff
New member
Thats what I'm afraid of. The wife and I both drive 24 miles to work. Ouch.
I don't think anyone really knows why gas prices rise and fall. Some people think they know or maybe pretend to know, but in reality there are so many different forces acting upon prices at the pump that it is impossible to know for sure.
Back when gas prices hit $4/gal, many people predicted that prices would never decline. Others said we'd never see gas prices in the $2/gal range again. Well, that was obviously incorrect.
Baghdad Bob says gas prices are going up, but will decline again after a few months:infidel:
Back when gas prices hit $4/gal, many people predicted that prices would never decline. Others said we'd never see gas prices in the $2/gal range again. Well, that was obviously incorrect.
Baghdad Bob says gas prices are going up, but will decline again after a few months:infidel:
I think a majority of it, is that one station raises their prices then the next one down the road and it's one vicious circle of price competition where everyone is saying well if he bumped his prices up $.02 . . .
That theory works in reverse as well. The guy who owns the station down the street lowers his prices a bit and then gets all the business. So the next station down the street lowers his prices even more to steal away his customers. It's all part of the cycle. Most station owners will tell you that they are earning the minimum profit possible, based upon what they charge versus how much they paid for their gas. There's just too much competition out there, so price gouging usually doesn't work very well unless you have a gas station out in the middle of nowhere.
I agree. We have a gas station in a nice part of our city where the prices are at least 10% more than the lower income areas. The people who live around the more expensive pumps are driving nicer cars, not counting pennies, and are too lazy to drive farther down the street to save $.30 a gallon.
leftyguns21
New member
the gas station next to my office is almost always 3-5c higher than the one near my house. not saying i live in a low income area but i live a bit further from the city. most of the people in my area drive "cheaper" cars than the people near my work. so i always make sure to fill up near my house rather than in the city
peter78
Super Moderator
It just started to break the $3 mark here. The Shell down the street is $3.09 and the cheap o gas is $2.97. Not sure as to why gas is up as the futures of gas dropped a bit.
Having trouble drivng your Prius on this $3 a gallon gas???
Thai
Elite Member
Haha, well, it dampens my dream of getting an off-roader when my kids are older and the Sienna wearing down. But, yeah, I enjoy my Prius quite a bit...getting 47 mpg at 72 mph.
Thai
Elite Member
Things just aren't looking good...hopefully, things will lighten up a bit.
Id like to preface my post with the fact that the US enjoys (yes enjoys) one of the lowest non subsidized gas prices in the world. I will go so far as to say that the price we pay is too low given what really represents the USD these days.
Oil prices (and therefore gas prices) are directly related to the USDX. Since we import around 70% of our oil the "value" of the USD on FOREX markets will determine what we, the end users, pay for gasoline and other distillates and by extension food and all the other everyday things which are made with refined petroleum.
My suggestion to everyone would be to get used to it. I have planned for $5/gal gas and I think that is the best case scenario going forward. Anyone that thinks we can "drill in ANWR and solve our oil needs" is a fool. If you look at historic data from the North Slope and North Sea oil discoveries you will see that it takes about 10 years from discovery to full production. Also, at current consumption values the oil would last roughly 5-7 years before peak production and decline even if we used it all for domestic consumption (27 Bil bbl reserves vs 20 mil bpd consumption).
To make matters worse we still have not eclipsed the 73.718 mbpd production rate reached in 2005. I suggest you all research Peak Oil, it might give you some perspective. A good movie on Netflix is Crude Awakening, or The End of Suburbia.
Thats called stealth inflation. And since most things have petroleum derivatives in them, or need petroleum to be transported to market when oil goes up their prices go up too. Nitrogen fertilizers are based on NatGas and then the food has to be trucked to market so when the USDX goes down we get hit twice.
Got farmland?
Oil prices (and therefore gas prices) are directly related to the USDX. Since we import around 70% of our oil the "value" of the USD on FOREX markets will determine what we, the end users, pay for gasoline and other distillates and by extension food and all the other everyday things which are made with refined petroleum.
My suggestion to everyone would be to get used to it. I have planned for $5/gal gas and I think that is the best case scenario going forward. Anyone that thinks we can "drill in ANWR and solve our oil needs" is a fool. If you look at historic data from the North Slope and North Sea oil discoveries you will see that it takes about 10 years from discovery to full production. Also, at current consumption values the oil would last roughly 5-7 years before peak production and decline even if we used it all for domestic consumption (27 Bil bbl reserves vs 20 mil bpd consumption).
To make matters worse we still have not eclipsed the 73.718 mbpd production rate reached in 2005. I suggest you all research Peak Oil, it might give you some perspective. A good movie on Netflix is Crude Awakening, or The End of Suburbia.
Thats called stealth inflation. And since most things have petroleum derivatives in them, or need petroleum to be transported to market when oil goes up their prices go up too. Nitrogen fertilizers are based on NatGas and then the food has to be trucked to market so when the USDX goes down we get hit twice.
Got farmland?
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So we can stop or slow down our buying of food? Or refined petroleum products? Or transportation related distillates?
The US consumer cant control the USDX, and if the USD is worth less, the less crude oil it buys. The motoring consumer has very little affect on the crude oil price and its incredibly naive to think that we do. Just by nature of our suburban society we can only downscale our consumption so much.
JohnsD90
New member
Yes, you use substitute foods instead of the expensive ones, you cut back your budget when you can't afford it. The consumer can make a difference. You stop eating out and eat in more. You can very well slow down your intake and cut back, and your right you can only cut back so much, but it most certainly makes a difference.
Supra725
New member
Last week I took a drive to SFO and it was around $3.19 an gallon, within a week the price went up to $3.41 an gallon..
This was Costco too..
on a side note, The past few times filling up, Costco posted a sign on their pumps stated ' This product contains 10% ethanol".. Since when did they started doing that?
This was Costco too..
on a side note, The past few times filling up, Costco posted a sign on their pumps stated ' This product contains 10% ethanol".. Since when did they started doing that?
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