Price of gas today..WTF...?

[Samckitt]

I was in Dayton OH yesterday & gas was $3.18 a gallon, today north of Indianapolis it is $3.49 gallon. WTF!? Spring break demand?

[69camarokid]

ur lucky, i ould kill for 3.18 ... im paying 3.60 in southern california.

[eville]

i paid 3.84 this AM for 87 (the cheap stuff?)

[69Bbird]

I'm paying 4.15 for diesel in San jose, Ca. Driving 150+ miles a day at 15mpg that adds up. Had to get a scion xb to do my estimates in it gets 30mpg. I feel sorry for all the truckers.

[Samckitt]

Diesel in Kokomo IN today was $4.29/gal.

[class67]

$40 to fill my little corolla commuter car yesterday morning with an 11 gallon tank! :crying:

[MrQuick]

$1500 to fill a big rig...once a week.

Don't worry, Exxon and Texaco made record profits last year. 3.89 reg 4.12 super. Guess which one im using.

[Tony_SS]

$1500 to fill a big rig...once a week.

Don't worry, Exxon and Texaco made record profits last year. 3.89 reg 4.12 super. Guess which one im using.

Yeah but "its not their fault". :hmm:

[shizzy]

screw them. my Motorcycle gets 50-55MPG. I have been riding that ANYTIME it has been above freezing. I have used maybe 2 gallons of gas this month.

[MrQuick]

Yeah but "its not their fault". :hmm:

Thats what they are claiming...its the Joes on the street and consumers driving the price.

Maybe now everyone will consider alternatives and ways to save. Cycles are great, public transit and car pooling are good. I chose to work with in 7 miles of my home.

[69Bbird]

Thats great if you can do that. I'm thinking most of us are stuck. The whole economy is in the can. Being a contractor right now is a scary thing.

[Aceshigh]

screw them. my Motorcycle gets 50-55MPG. I have been riding that ANYTIME it has been above freezing. I have used maybe 2 gallons of gas this month.

Wow , you must have a full dresser that blocks most of the wind.

I couldn't do that on my Busa or Dyna wide glide.
My sack would get spot welded to the tank :hand:

[elcamino80]

Wow , you must have a full dresser that blocks most of the wind.

I couldn't do that on my Busa or Dyna wide glide.
My sack would get spot welded to the tank :hand:

I get 40-50MPG with my Honda CB1300F which is a naked bike... thats depending on how I use the throttle :evil:

If I did the calculations correctly... (4,5-6,5litres/100km)

OK, If I'm just out playing it probably takes even more :)

[shizzy]

nope, its a 2001 750 Shadow. I think its the smaller CC that gets me the gas mileage. no windshield, just bundled up for the ride. My work is only 3 miles from my house so its not really a big deal. but at well over $3 a gallon its very much worth it.

[twosaturns]

I'm in PA, but right next to NJ, they have the lowest gas prices in the country. I paid 2.98 for regular the other day. I've made slight adjustments to my driving style too, went from a low 25mpg avg in my DD to a almost 30 avg just by slowing down a little.

[molyorange 77]

I'm getting a good 63mpg off of my 07 (HD softail springer) screamin eagle stage 1 kit. 96ci 6speed!!

[WayneE]

Here's a good read from Business Week - There is no gas shortage (http://www.businessweek.com/lifestyle/content/apr2008/bw2008041_945564.htm?chan=top+news_top+news+index_ dialogue+with+readers).

[Tony_SS]

Here's a good read from Business Week - There is no gas shortage (http://www.businessweek.com/lifestyle/content/apr2008/bw2008041_945564.htm?chan=top+news_top+news+index_ dialogue+with+readers).

There's actually a trillion dollar gold mine waiting to be tapped. It's called Iraq. (http://www.washingtonpost.com/wp-dyn/content/article/2008/03/14/AR2008031403677.html)

[69stang]

Samckitt

What brought you to Dayton? I used to live up in Peru when I was stationed at Grissom.

[6'9"Witha69]

Well, Gas and a 81 mile/day commute got me to sell off my wonderful Silverado. Even being nice and getting 18 mpg I couldn't do it anymore.

Now my HHR gets 29 MPG. That is average with many spirited bursts here and there. And unlike my truck I can roast em through 2nd gear.

[MarkM66]

Here's a good read from Business Week - There is no gas shortage (http://www.businessweek.com/lifestyle/content/apr2008/bw2008041_945564.htm?chan=top+news_top+news+index_ dialogue+with+readers).

Wow. We're being screwed.

I've always thought the whole "supply and demand" idea doesn't work when someone has no choice in whether or not they need to buy something.

[Tony_SS]

Well, Gas and a 81 mile/day commute got me to sell off my wonderful Silverado. Even being nice and getting 18 mpg I couldn't do it anymore.

Now my HHR gets 29 MPG. That is average with many spirited bursts here and there. And unlike my truck I can roast em through 2nd gear.

Hey, I'm not the only goon with an HHR! Lol!

I love mine.. I traded in an 06 Monte SS that was getting around 14mpg for one. Now we get 25-30mpg in our HHR and it hauls around the family nicely. We have 2.4L and it's not too shabby at all. Those ecotec's are good little engines. All in all we are saving over a $100 on gas a month so were doing our part to reduce demand. Dont get me started on those brakes though!

[ho428]

Part of the spike is profit gouging by the oil companies, and part is just because they can, another part is because of the falling dollar value. It's in the toilet and going lower so it takes more dollars to buy the same amount of oil from overseas.
What I don't get is since a lot of supplier countries are tied to the dollar why it has as much impact as it does. It'll get much worse if they get their wish of getting their currency off being dollar based.
Then look out.

[Tony_SS]

Just wait until we get the 'Amero'. One currency for Canada, US and Mexico. :help!:

[Samckitt]

Samckitt

What brought you to Dayton? I used to live up in Peru when I was stationed at Grissom.

My grandmother is in a nursing home in Middletown & not doing very good, kidneys shutting down & she says she is ready to go. Went over to see her & went through Dayton. I work in Kokomo, at Delphi. Not direct for them, contracted to support their CAD tool there.

[Damn True]

Part of the spike is profit gouging by the oil companies, and part is just because they can, another part is because of the falling dollar value. It's in the toilet and going lower so it takes more dollars to buy the same amount of oil from overseas.
What I don't get is since a lot of supplier countries are tied to the dollar why it has as much impact as it does. It'll get much worse if they get their wish of getting their currency off being dollar based.
Then look out.

In the last 3 years the top three US oil companies have pulled well in excess of $300B in profit. I have no problem with that, I own stock in all three and I shudder at the day when we as a country decide that profit is a bad thing. (Just ask anyone who lived in Italy from about 1930-1943)

But, in that same 3 year span the state and federal Govt. has collected in excess of $3.5 TRILLION in taxes on the aforementioned fuel sales.

Wanna be pi$$ed? Be pi$$ed about THAT.

[6'9"Witha69]

Dont get me started on those brakes though!The dust issues or something else. Being Vac asst. on a turbo car isn't the greatest, but mine still work well.

[6'9"Witha69]

But, in that same 3 year span the state and federal Govt. has collected in excess of $3.5 TRILLION in taxes on the aforementioned fuel sales.

Wanna be pi$$ed? Be pi$$ed about THAT.And then spend 502k on a parking lot raid!:poke:

[Tony_SS]

The dust issues or something else. Being Vac asst. on a turbo car isn't the greatest, but mine still work well.

OHHH I see you have the SS! Lucky dog. I have the SS envy. You have 4 wheel disc. Mine has front disc only... not too much braking ability really.

I assume you have the 6 speed?

[6'9"Witha69]

Only options are A4 and M5 and alas I got the auto. I love to row my own but as this is a commuter car I didn't want to worry about a manual in LA traffic. The "no-lift" shifting on the M5 is fantastic though.

I was unable to let go of my truck for anything less than the SS though (I now know why turbo guys have so much fun!).

[shizzy]

Just wait until we get the 'Amero'. One currency for Canada, US and Mexico. :help!:

My OL told me we are moving to Poland (she immigrated from there in the late 80's) if that goes down.

[Tony_SS]

Only options are A4 and M5 and alas I got the auto. I love to row my own but as this is a commuter car I didn't want to worry about a manual in LA traffic. The "no-lift" shifting on the M5 is fantastic though.

I was unable to let go of my truck for anything less than the SS though (I now know why turbo guys have so much fun!).

Opps M5. I need to drive one.. or not. I know I would take a beating on trading in our 07 so I'm not even going to try. Its hard to beat a 30mpg 5-door... a turbo one even!

[WayneE]

Part of the spike is profit gouging by the oil companies, and part is just because they can,

Can you qualify this statement with facts? Based on what I've seen, oil companies margins are pretty slim, compared to a lot of other industries (who here buys bottled water? :rotfl:).



And then spend 502k on a parking lot raid!:poke:

I read it on the internet, it must be true. :rotfl:

[MarkM66]

Part of the spike is profit gouging by the oil companies, and part is just because they can, another part is because of the falling dollar value. It's in the toilet and going lower so it takes more dollars to buy the same amount of oil from overseas.
What I don't get is since a lot of supplier countries are tied to the dollar why it has as much impact as it does. It'll get much worse if they get their wish of getting their currency off being dollar based.
Then look out.

Like the article suggest, the rising fuel cost is why the value of the dollar is falling.

[69stang]

My grandmother is in a nursing home in Middletown & not doing very good, kidneys shutting down & she says she is ready to go. Went over to see her & went through Dayton. I work in Kokomo, at Delphi. Not direct for them, contracted to support their CAD tool there.

Sorry to hear about your grandmother. I'm a CAD guy also but doing a steady gig.


Part of the spike is profit gouging by the oil companies, and part is just because they can, another part is because of the falling dollar value. It's in the toilet and going lower so it takes more dollars to buy the same amount of oil from overseas.

I got no problem with profits but then there's greed.

[James OLC]

Part of the spike is profit gouging by the oil companies, and part is just because they can,

Ummm... no, actually it is not. If you honestly believe that oil companies derive the lions share of their profits off the production and sale of gasoline and deisel then you misunderstand the economics of the entire industry. The industry hasn't even come close to passing along the true cost of refining fuel to the consumer, something that is only possible because they are realizing profits from other operations.



another part is because of the falling dollar value. It's in the toilet and going lower so it takes more dollars to buy the same amount of oil from overseas.

Circular but essentially correct. As a commodity oil is valued in US dollars so all things being equal, when the value of the US dollar decreases the value of crude oil increases. FX variations effect all portions of the economy (which will become increasingly apparent in the future) and oil is no exception but since oil is also traded publically (not by the oil and gas industry but by economists and traders) variations are compounded by world events and emotion.


What I don't get is since a lot of supplier countries are tied to the dollar why it has as much impact as it does. It'll get much worse if they get their wish of getting their currency off being dollar based.
Then look out.

In fact for foriegn supplier companies the change in FX is either neutral (if they are lucky) and very often is it is actually detrimental.

[Samckitt]

Sorry to hear about your grandmother. I'm a CAD guy also but doing a steady gig.


Found out yesterday (Thurs 4/10) that my contract position at Delphi will not be here after April 30th. I still have a direct position with Siemens PLM Software (Company that creates/sells Unigraphics NX), but I don't know where I will be.

[Damn True]

I got no problem with profits but then there's greed.

Do you know what their margin is?

Do you know how much of their total revenue is reinvested in exploration and infrastructure?

[69stang]

No & no. The oil companies themselves stated earning record profits. Profits are monies earned after expenses (overhead and budgets) are taken care of. Is that different for the oil companies? Regardless, there's nothing I can do about it. They have the right to their profits. Its a matter of principal if they continue to raise prices in this so called slowed economy. If their profits are truely from other areas of the company why couldn't they take a hit on the gas and continue to bring in the cash in the more profitable areas.

[Damn True]

My point is that people only look at that single number, rather than looking at the whole balance sheet.

For instance, Exxon's Q4 earnings were $116.4B and their profit was $10.6B that is a 9.1% profit. Now $10.6B is a crapload of money to be sure, but a 9.1% profit is a pittance.

The company I work for pulled a 24% profit in that same period. You don't hear anyone wanting to slap extra taxes on x86 server companies.

People need to quit swallowing everything the media and socialist politicians keep telling them and do a little reading on their own.

Ignorance is not bliss. It will result in the ultimate demise of this Nation.

[XCESSIV]

SAmskitt I live about 5 miles from Middletown next time in town give me a buzz you could check out my GN.

Now onto the gas prices, gas is a commodity it is traded and their are futures that you can buy, the current investment in futures is what has made the barrel of oil high. Trust me if run a business and can pay less for your commodities you will, the extra amount of cash it takes acctually cost alot of money out of the bottom line. So if your margins stay the same you actually make less profit.

I used to own a commodity company, I have friends making a ton of cash on the oil market in the past years.

For you who don't know what the commidities market is
ie: cattle, orange juice, pork bellies, oil etc etc.

[megaladon6]

97 vw tdi, 45mpg average with tire spin and lots o' throttle:), over 50 on the highway. even at $4.20/gal you save money and fuel.
i like how the oil companies say that their profits are right in line with everyone else, if everyones making so much money how come we don't have any?

[Damn True]

97 vw tdi, 45mpg average with tire spin and lots o' throttle:), over 50 on the highway. even at $4.20/gal you save money and fuel.
i like how the oil companies say that their profits are right in line with everyone else, if everyones making so much money how come we don't have any?


...and that fuel can be made (at muuuch higher barrel:gallon yields) out of much cheaper crude. Diesel can be made from nearly any garbage that comes out of the ground while gasoline needs to be made from expensive and mostly imported light-sweet crude to get the highest yield.

[Samckitt]

SAmskitt I live about 5 miles from Middletown next time in town give me a buzz you could check out my GN.



I may do that. I will probably be there again before it is all over with.