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Joined: May 2000
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OP
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Joined: May 2000
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Originally posted by ODC:
But no, the US just has to keep buying 7mpg Excursions and Suburbans for Mommy to drop off Jimmy three blocks from home. The country is seriously digging it's own grave deeper and deeper with SUV sales.
Even with the employee pricing, I think SUV sales are still down (I think). I know that was the case before the employee pricing when they had the huge rebates.
I agree with you 110% on people having these big SUV's and pickups for no apparent reason. It is nice when I go up into Canada and there aren't as many of them, and the ones I do see are the more economical kinds like the Rav4, CR-V etc etc.
"Bros before Hoes" <-- More men need this mentality.
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Joined: Feb 2002
Posts: 3,840
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Feb 2002
Posts: 3,840 |
I got up this morning early and went to the gas station to top off before going to class and gas was $2.77/gal for regular at Walmart without my .03c discount for having a gift card. Even then, a mere quarter tank was $17.50.  So later on after my 1100 class that got out at 1150, I went with a friend to fill up her truck and gas was at $2.83/gal. For regular, I might add. Earlier this evening, I went with my girlfriend to the mall and there were lines out the ass at the corner station because of this whole epidemic that the stations around here will be shutting down until next Monday. I think it's hoopla, but she bought into it and forced me to sit in the line for an hour to top her tank off. Gas then was $2.99/gal.  It essentially went up .22c in the amount of time it took me to go to college and come back home to eat dinner. [censored] that. I'm going to start walking. -SAV
Troll. 1997 VW Jetta MkIII GLS 5spd
All hail my appearance on CEG!
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Joined: Aug 2000
Posts: 3,193
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Aug 2000
Posts: 3,193 |
Originally posted by guitarman19853:
okay... so heres my question. it was mentioned earlier in this thread but noone responded. If they can make synthetic oil, then why cant they make synthetic gasoline?
I am willing to bet because if you look at the price of synthetic oil vs. dino oil, synthetic gasoline would be far more expensive than current gas prices.
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
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Joined: Aug 2000
Posts: 3,193
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Aug 2000
Posts: 3,193 |
Originally posted by ODC:
Even with more refining capacity, the price wont' go down that much because the oil companies have to recoup the cost of the refineries.
Simple fact, supply is steady, demand is increasing drastically.
Yet there is adequate supply to meet demand, so there is no reason for the price to go up. It is not needed to encourage additional production.
Steve Forbes believes the price is horribly over-inflated, and foresees the bubble to burst... to half price in the next 12 months.
AP
Forbes Expects Oil Price to Dip to $35
Monday August 29, 11:01 pm ET
Publisher Steve Forbes Says He Expects Oil Price to Dip As Low As $35 Within a Year
SYDNEY, Australia (AP) -- Steve Forbes, the American publishing executive, said Tuesday he expects the price of oil to fall as low as US$35 a barrel within a year, blaming the current price spike largely on speculation.
Forbes, in Sydney for a conference of global business leaders sponsored by his organization, said that U.S. inflation was helping fuel the rise "and the rest of it is a sheer bubble of speculation."
"I think in 12 months we are going to see oil down to US$35, US$40 a barrel," he said.
As Hurricane Katrina lashed the U.S. Gulf Coast on Monday, oil hit US$70.80 a barrel, before retreating.
"It is a huge bubble, I don't know what's going to pop, but eventually it will pop," Forbes said of the oil price.
http://biz.yahoo.com/ap/050829/australia_forbes_oil.html
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
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Joined: May 2002
Posts: 21,653
I have no life
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I have no life
Joined: May 2002
Posts: 21,653 |
Originally posted by Zoom Zoom Diva:
Originally posted by guitarman19853:
okay... so heres my question. it was mentioned earlier in this thread but noone responded. If they can make synthetic oil, then why cant they make synthetic gasoline?
I am willing to bet because if you look at the price of synthetic oil vs. dino oil, synthetic gasoline would be far more expensive than current gas prices.
Yeah, I'm not gonna pay $25 a gallon for mobil1 gas.
And this is BS, no reason gas should be AS high as it is. I sure hope it goes back down some before I have to get more gas.
98.5 SVT
91 Escort GT (almost sold)
96 ATX Zetec (i brake to watch you swerve)
FS: SVT rear sway bar
WTB: Very cheap beater
CEG Dragon Run - October 13-15
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Joined: Feb 2001
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Hard-core CEG\'er
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Hard-core CEG\'er
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I filled up on Sunday and paid $52 for my Tundra. Should last me until at least Tuesday, I hope. My wife filled up just before last weekend, so I gotta see how she's doing with the Pilot. Sucks, but I can deal with it. If I didn't have this truck, I'd probably be driving something that takes premium fuel so it all evens out to me. I've got too many other things going on in my life that worrying about an extra $10 on gas is not important enough for me to lose sleep.
I hope to have a new motocycle soon, but by the time I mod that, it probably won't be so fuel efficient anyway.
If I were still single and living at home, I'd bike to work. I did it for a couple of years. But it had nothing to do with saving gas. It was just something I liked to do. Unfortunately, I'm too far from work to do it now.
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Joined: Apr 2004
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Hard-core CEG\'er
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Only gas left in my neighboorhoood is Chevron and BP premium. Its getting outrageous in Atlanta. People have crowding the gas stations since 6pm trying to get gas. The pumps are running out. One station in Atlanta started charging $6.07 for premium.
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Joined: Jul 2000
Posts: 678
Veteran CEG\'er
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Gas prices are up today becuase of price gouging - plain and simple. My local gas station bumped up gas by about 60 cents today alone, dramatically incresing the profit on gasoline THAT THEY PURCHASED A WEEK AGO. Has anyone ever heard of a gas station dramtically LOWERING the prices on their pumps becuase of good news??? Me either.
And if you check, oil company profits are at an all time high.
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Joined: Jul 2000
Posts: 443
CEG\'er
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CEG\'er
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Posts: 443 |
Originally posted by JaTo:
Originally posted by JB1:
Originally posted by 99blacksesport:
Issues like what? the lack of refineries??? If this is the main part of the problem, which it seems to be acording to this article: Linky
Why isnt the government stepping in and giving money to refineries to build new ones or to get their old ones up to production levels that will support us?
i have three little letters for you, e.p.a. they throw a hissy fit anytime we want to get a new refinery going. tapping the strategic reserves is not going to solve the problem. what we have here is a refining and distribution problem.
We have a winner; refining capacity has been an issue FAR longer than most any other.
Tapping the SOR will help to alleviate the fact that the gulf provides approximately 25% of our daily crude consumption. The storm affected EVERY level of production, from supply, to refinement, to distribution. The eastern seaboard, up from the New Orleans area of the U.S., will probably see the largest percentage price increases. This is due to the fact that the major pipeline that runs some 2500 miles up from the New Orleans area to the Northeast corridor is pretty much offline (distribution). Refineries are waterlogged and offline and there is serious concern about petrochemical pollution producing potentially disastrous environmental problems for the affected areas, but it's too early to tell just yet, we'll know more over the next several days. Initial reports of many of the rigs in the Gulf of Mexico actually look better than was expected, some of the suppliers are actually coming back online, especially those with rigs in the southern gulf regions, however there are a number of other providers with rigs in the mid-northern gulf regions that are worse off and are currently offline. IIRC we're running about 10 percent of our usual 3.4 million barrels/day of crude out of the gulf right now from a supply perspective at this moment. This number should rise considerably over the next couple of weeks as the rigs come back online. Then, as others have said, refineries come into play, followed by distribution. There is potentially serious damage to both the distribution channel as well as the refineries, we'll have to wait and see.
The hidden danger that we're all going to see in a couple of months is the fact that we also supply some 10 billion cubic feet (or is it million? billion IIRC) of natural gas from the gulf daily that is also largely offline, and this is an even larger dent as a percentage (25% of crude comes from the gulf, I believe it's around 50% of CNG that is gulf centric) of our total supply than crude oil, and winter will be here in a few months. Only time will tell...
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Joined: Jul 2000
Posts: 443
CEG\'er
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CEG\'er
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Originally posted by JCSVT:
Only gas left in my neighboorhoood is Chevron and BP premium. Its getting outrageous in Atlanta. People have crowding the gas stations since 6pm trying to get gas. The pumps are running out. One station in Atlanta started charging $6.07 for premium.
Chevron IIRC is rationing fuel today due to distribution problems and serious concerns about running out of supply. I don't know about BP, but I do have three BP stations near me, I'll check out the prices at BP tomorrow (luckily both wife and I fueled up yesterday before all this happened).
As always there will be people who price gouge and attempt to take advantage, what goes around comes around, that's for certain.
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