Home Forums Hunting & Shooting Hunter's Campfire Gasoline Prices?

At least the diesel held steady at $3.25,
Reg $3.29
89 $3.45
Supreme $3.55

This has got to be George Bush's fault!!!!!!!!!!!!

An Imperial gallon (4.54 litres) costs $4.54 CDN which is about $3.70 USD for an Imperial gallon X 0.8 for the US gallon = $2.96 USD for a US gallon. (Just for the sake of comparing apples to apples. )

You all have mentioned many things that affect oil prices but no one mentiond the Federal Reserve amd it's excessive money supply over the last few years....Oil is priced in $USD and the dollar has dropped dramatically against gold and other currencies...in 2004, teh rolling ten year average gold price was less than $350/oz and today is just South of $700 for an 80% increase....if we had all bought gold in 2004 and were paying for our gas with gold now, we would be buying cheap gasoline....

Todd,

I paid $6/bag last weekend.

Jim

Vern is right. In 1980 gold was $38.�� per oz.
Gas is cheap compared with the Reichsbuck.
The printing press bleeds us all at the pump while the politicos point to the rich oil, insurance, doctors or any other "them, not me".

No doubt that the buck can't buy much. Gas in Helena is around $0.19 a gallon. The price of a gallon adjusted for the purchasing power of the dollar. In today's dollars that's about $2.75 a gallon.

As to the speculators; they provide a market between the producers and the manufacturers and the consumer. Their purpose is to make sure there is a buyer for the producers and a seller for the manufacturer/consumer. The bid/ask price is based on a number of factors; number of wells, refiners, how much inventory there is, the government buying oil for the strategic reserve (right now the government is buying 350,000 to 700,000 barrels a day), the hurricane season (the hurricane center just today said it expects a terrible hurricane season with a zillion hurricanes), nuking Iran etc. Because it looks like the world is going to hell in a hand basket the speculator's bid/ask price is way up. 80 dollars a barrel looks to be the price in the near future with 100 dollars a barrel by mid-summer and maybe even a 150 dollars a barrel after Labor Day. Translated at the gas pump about $5.00 a gallon by midsummer and maybe $8.00 by Labor Day.

Happy driving from the wacky environmentalist!!!!

Would you all please be QUIET?

If you keep talking about oil prices, the Democrats are liable to try to do something, like impose price caps or remove subsidies. The first will lead to gas lines, the second will raise prices.

Please, just be glad that they HAVEN'T done anything yet....

"Please, just be glad that they HAVEN'T done anything yet...."

Huh?

You all sound like a bunch of clucking chickens...let me explain to you why gas and diesel are so high, and don't go down as fast as they go up:
T-H-I-E-V-I-N-G B-A-S-T-A-R-D-S
End of lesson.

Our US gas prices are about the same as they were 40 years ago. What's the problem? I am surprised they aren't higher as demand is getting close to our total production capacity and soon may exceed it. Japan, China and India are placing significant pressures on crude resources which impacts pricing. US companies have been denied permits to build new refineries and congress disallows development of ANWAR. MidEastern oil is essential, yet, we have a vocal group that decries our military presence there.

It is amazing that someone will spend $40,000+ for a 3/4 ton truck and whine about fuel prices when far more economical vehicles are available. If one can afford the new truck, one should be able to afford the fuel. Incidentally, the majority of those trucks, in our area, are used as daily commuters.

Options to high fuel consumption are plentiful. My commuter VW Beetle gets 34mpg, my motorcycle 45mpg, my 4WD truck 27mpg and my bicycle (ridden to work often) is free. My 3/4 ton gets 16mpg. We have choices.

I'd rather pay $4 per gallon and get it than have prices at $2 per gallon and not be able to buy any.

The oil companies are thieving bastards! That said, higher pricing does tend to keep the riff raff of the roads somewhat.

I wont' argue fuel is were it should be at. What is criminal is that they waited till now to catch up. And then caught up all at once.

Same with a local electric company. Raised rates 118% recently. All at the same time.

Thats what pisses me off. We don't get 118% raises, its really hurting the common families. Ones that dont' make absurd salaries....

Jeff

I've got no arguement with what you have said, Jeff!

This isn't meant as a criticism .....

I'm not surprised we're having problems in the "domestic market place" regarding domestic energy use because we're run by a bunch of non-realistic "voodoo-environmentalists" who have turned "environmentalism" into a religion, but also the Algore-type spinmiesters who keep screaming "the sky is falling!, the sky is falling!, ..... " Some might say they're one-in-the-same.

Two [general] things come to my mind beside the dimwits who work hard at scaring Joe-Sixpack (of beer, not abs! )

1). When was the last time a NEW refinery was built in this country? Or nuclear powerplant? When were new oil wells brought into production? Including off-shore drilling and oil extraction? Hell, the damn Chinks and Cubans are in the Gulf of Mexico. Why is the United States immersed in rectal defalade in this area? Of policy and practice?

2). Five to ten years ago there was a real glut of petrolium and related products in the world. But two "will-be" world-powers are in the midst of indurstial revolutions and playing catch-up with us!

I'm talking about China and India!

Besides petrolium products becoming more and more scarce, those two countries are competing with us for what's available on world markets. Plus China is deliberately trying to and succeeding in challenging /affecting us! China needs more and more gasoline and petro-products, but there is ample evidence they have tried to make things deifficult for us. But ya' know, if I was a Chicom and gunning for the biggest kid on the block, I'd try mucking us up too. Think about it.

I don't think there's a scarcity of oil in the ground, as the Middle-East as well as us and other world-regions have plenty of reserves (over 100-years worth!), but there are "bottlenecks" in getting enough supply [quickly] out of the ground, but also the bottlenecks of distilling and refining oil once it gets to the refining process.

I have a degree in Economics ("enough to be dangerous!" ), but I believe in and trust "the market mechanism," if it was allowed to function without gubmnt or artificial-manipulations! I believe in fundamental-economic priciples and if it was allowed and not hamperred by poliwhores and enviro-NUTS, more oil wells / reserves / production would open up and new refineries would be built.

The result is that supplies would increase (because competitors would want to compete for profits as well as market-share) and a direct result is that gas prices would eventually go down.

And if those folks who monitor and study energy prices have noticed, scrap-metal and many minerals and strategic materials are also in short-supply (no surpluses) because China and India are trying to gobble-up their shares of those things too. And eventually these things also affect prices in food, transportation, etc.

Until U.S. regulation and policy relax "those bottlenecks" restricting fuel output in the United States, I believe gasoline prices will be artificially high. Some "times" the oil companies might reap high and abnormal profits, but not chronically or unabaited for long, long times.

Just some ideas.

Also keep in mind that gubmnt reulation often creates artificial monopolies - when creating or allowing refineries and utility companies/providers to be created.

Because the gubmnt "limits" on the number of such companies - automatically creates the opportunity for possibly-abnormally-high-profits, because these gubmnt "limits" will "limit" supplies available for the market-place.

Gubmnt regulation "creates" M-O-N-O-P-O-L-I-E-S!!! And monopolies are synonymous with artificially-high profits.

My solution would be to remove "artificial" gubmntal restraints on the market-place and supply [i]and demand would "regulate" the market.[\i] Of course the Algore's and enviro-nazis would have cows.

There's a lot of factors that figure into price of gas/diesel. To name a few: Spring's here, demand goes up. Oil refineries are at maximum use and the Greenies refuse to let more be built. Once a year (IIRC) a refinery goes offline for annual maintenance, thereby shorting the supply. World upheavals makes the oil futures jump which translates into higher product cost before the refining process. Cost of transportation to the end-users.

Etc., etc..

$2.57 at the Exxon I buy from. Oil is dropping again so I expect a slow fall in gas price, always slower to fall than to rise. Until somrthing else happens in Iran and everybody gets nervous again.

In Febuary, crude was down to the low $50's, yesterday, the price of crude closed at over $64 a barrel (down a dollar or so).
In January, wholesale gas prices were in the low $1.30's, yesterday wholesale gas closed a tad over $2.00. In Colorado, fed and state gas taxes at the pump are ~40 cents. The percentage of profit stays the same in each step of the chain regardless of prices (of course higher prices means more profit for everybody--well, except for the transporters, they charge a set price).

The wholesale cost means there will still be costs and profit for the distributers to pick it up at the refinery, store it, and transport it to the retail stores and the costs and profit at the retail level. Here in Colorado, the price is running $2.55-$2.75. Some refineries may charge less, some more, but that leaves roughly 15-35 cents to work with between refinery and the pump.

The price of crude oil drives the cost at the pump for the most part.

What really ticks me off is natural gas and even coal prices follow crude prices--and there ain't no conection between them........From late 2004 till summer of 2006, natural gas prices went from ~$6/1000CuFt to over $14, and by this winter was down to ~$6 again. Now it's at $7.5 and rising.

Casey

T-H-I-E-V-I-N-G B-A-S-T-A-R-D-S has nothing to do with it. It's called economics!! If you have inventory (and every gas station has inventory) and the price goes up over night than you must raise your prices immediately to have the money to purchase the next load of inventory. However, if the price goes down over night the price doesn't go down immediately because the old inventory must sold off at the higher price before the price can come down with the next purchase of new inventory. This is so hard for people to understand.

Well I don't know about your area but in Montana we have the socialist regulatory agency known as the "Public Service Commission" which regulates prices on many of our commodities such electric power. They artificially keep prices low until the last minute at which time they okay the price increases and the prices sky rocket. In most states it's the regulatory agencies that are the criminals.