Gas Prices #!@$$&*+!!

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Thats about where we are right now to.

They said to expect $4 per gallon next few mo.

BUT !!! in fall they said to expect $5 per gallon by the end of 2007.

We get so shafted on all that. There is absolutely no rime or reason for it except mega profits .
 

Here in VA, our prices went from $2.85 to $3.05 within a week. I filled up my Sentra yesterday for $3.04 and it went up to $3.07 at the same station overnight. Bleech!

As I drove past the nearest Wawa tonight, it was also up to $3.07. Our stations require reformulated gasoline (EPA rules, I suppose) and things will go up another dime or so when the 'summer blend' fuels are distributed after March 30th.
:dammit:

Diesel fuel has gone from about $3.20 to almost $3.50 in the past two weeks as well. I am a trucker and have the feeling my boss is about to have a heart attack every time I fill up. The daycab trucks hold 200 gallons (100 in each saddle tank) and it runs more than $600 for a fill-up! (This is especially troubling when you only get six miles to the gallon on a good day.)

Even the straight truck I sometimes drive holds 160 gallons and is good for $500 or so if allowed to go all the way to empty. It gets 7 miles per gallon if driven gently.
:bash:

How much longer is it going to be before the price of fuel has a permanent effect on the prices of everything else? Companies have been absorbing the costs for a long time and it has gotten to the point where some customers are not even "worth it" anymore because it costs more in diesel fuel to deliver their order than we make in net profit. I really feel for the drivers who own their own rigs and are trying to get by on $2 a mile. Yuck!



"If you got it, a truck brought it!"


P.S. I was hoping that higher fuel prices would cause people to drive less and stay "out of my way" as I go where I need to go, but no such luck. The highways and trunk roads are still more crowded than ever with people who seem to have nowhere to go and all day to get there.
 
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Just got back from Mobil and it was $3.09 15 min ago 2/28/07. I always run Mobile from the same gas station 95% of the time. He buy's only Mobile fuel and not generic from our tank farms here. I've known this family that owns the stations (4 of them) for quite sometimes so I trust the gas they buy.

We also run winter and summer blended fuel here . The difference is about 1-3 mpg better in summer .

Weird thing if I drive to the next county west , they do not have reformulated fuel at all , vehicles run better , and get better fuel economy ( a good few miles per gallon more ), work much better in all types of equipment such as lawn tractors , ect...
 
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I bought energy ETF's because I like putting money back into my pocket. My ETF's have returned 10%+ as a return on investment this year. If natural gas, gasoline, solar costs continue to rise, I've decided to be selfishin and profit myself.

Unfortunatly, I don't mind higher gas prices. I now commute by train which also saves me at the pump.
 
kimboy said:
I bought energy ETF's because I like putting money back into my pocket. My ETF's have returned 10%+ as a return on investment this year. If natural gas, gasoline, solar costs continue to rise, I've decided to be selfishin and profit myself.

Unfortunatly, I don't mind higher gas prices. I now commute by train which also saves me at the pump.
Click to expand...

Good for you , smart thinking.
 
alaskaman said:
A refinery? pray tell where......

Can hardly wait for the moron to be out of office.
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Texas -- a small one that produced 70,000 barrels a day.

I'm not going to complain about the prices here -- was on a business trip last week and paid $3.50/gallon in Danbury.
 
It's $3.61 per gallon here in Orange County, Cali. That price is for super though, since that is what I fill up the Runner with. The engine just runs smoother running super, I know many will disagree but its quite noticeable to me.
 
They said to expect $4 per gallon next few mo.

BUT !!! in fall they said to expect $5 per gallon by the end of 2007.
Click to expand...

Freakin hell. Source? I bet during the elections we'll be paying 2.20 a gallon!

I really can't afford 4 dollars a gallon, I would have to sell the truck. Or...more like give away, because ain't no one buying a truck when gas is 4bucks a pop.
 
alaskaman said:
A refinery? pray tell where......
Click to expand...

On the 18th, there was a fire 300 miles west of Dallas.
http://www.cnn.com/2008/US/02/18/refinery.blast/index.html

Jeff Kleb said:
How much longer is it going to be before the price of fuel has a permanent effect on the prices of everything else?
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I think it already has. For a great example, look around your grocery store. Everything has gone up like crazy, as the rising energy costs are either directly or indirectly causing other prices to go up. You're right - it takes fuel to move anything from A to B.

It is amazing that as much as the price of fuel has gone up, demand hasn't really gone down. The 4-wheelers are still everywhere, but I also recall that when diesel hit $2.00/gallon, the trucking industry was predicting total collapse if diesel hit $2.50/gallon. That price is in the rearview mirror now. It's got to be very difficult for independent truck owners, but everything is still moving.
 
toto said:
I think it already has. For a great example, look around your grocery store. Everything has gone up like crazy, as the rising energy costs are either directly or indirectly causing other prices to go up. You're right - it takes fuel to move anything from A to B.
Click to expand...

While increasing fuel oil prices are having some impact on food prices, it is a common misconception that it is a major cause.

The company I work for manufacturers food products.
We had Five price increases on our products in 2007 and have one scheduled for March 2008.
The #1 reason for the price increases has been the increases in the cost of food commodities.

The federal govenrment has turned a blind eye and deaf ear to the impact on food prices made by the whole corn/ethanol mess they got this country into.
The price of corn, corn oil, corn syrup and other corn products has SKYROCKETED over the last two years.
These price increases have prompted significant increases in the cost of substitutes for corn and corn products as well.
Next time you go to the food store look at the ingredient labels on the food you buy.
Chances are a high percentage of the products you buy have have some form of corn in them or a corn substitute.

I spoke with the head cost accountant at my company last week.
He said that the futures prices for corn and corn products for delivery later this year are at their highest levels EVER.
If those prices do not decline we all will be paying a lot more at the grocery store for food later this year and next.

Yes, fuel prices should concern people. Unfortunately, there are other items whose price is rising much faster, people just are not noticing it yet or realizing why.

BTW, Jeff K. tell your boss he should be thankful for paying the pice for diesel he has. Here in Eastern Pennsylvania this morning (02/29) Diesel was $3.83/gallon. Unleaded regular has been hovering between $3.09 to $3.19/gallon for the last 2-3 weeks now.
 
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I've heard many reports that people actually are driving less, but the decrease in demand for gasoline hasn't caused the prices to drop.

Every report I've seen says that supplies are high and demand is low (or lower than normal), yet a barrel hit $103 yesterday, an all-time high!

I wish I understood how it works from an economic standpoint, but I don't think anyone can really explain it...
 
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