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Joined: Aug 2000
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Hard-core CEG\'er
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Hard-core CEG\'er
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Originally posted by cjbaldw:
As always there will be people who price gouge and attempt to take advantage, what goes around comes around, that's for certain.
Agreed. I know one station that went out of business because so many people boycotted it after raising prices to $5.00 a gallon on 9/11.
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
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Joined: Jul 2000
Posts: 443
CEG\'er
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Originally posted by 96RedSE5Sp:
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.
IIRC gas prices are set by the market primarily based upon futures, not actual purchase price of the product. In general the way most gas stations set prices is actually limited by the supplier, by contract. The supplier sets both the purchase price of the fuel sold from the supplier as well as a price range that the seller can offer his product for. I've talked to two station owners, friends of the family, and both told me this was how it worked. Granted I'd imagine not all suppliers work this way, but most you've heard of do.
EDIT: When I fueled up my SE-R yesterday, 16 gallons cost me about 46 and change. I know I'll break 50 next time around...ugh. My wife drives a Chevy Venture, 26 gallon tank, usually takes 20 gallons at fill up, at 3.00 that's about 60, 4.00 it'd be 80.00. Man, that would suck. We've actually talked about how increasing energy prices are starting to affect our lifestyle choices at this point, and how we've got to be more strategic about conservation via combining errands together and whatnot to not burn up as much fuel. Me, I drive 15 miles daily to/from a train station and then it's an hour's train ride into Philly for me. If prices keep going up, we may need to consider more fuel efficient means of transportation for the family. This month will be the first month that I spend more on gas than on the car payment for one vehicle. Wife normally runs through 200 of gas monthly the last few months, me I run through about 3 tanks or 120, with prices on the rise our monthly number could easily top 400 between both cars. Ugh.
Last edited by cjbaldw; 09/01/05 02:08 AM.
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Joined: Aug 2005
Posts: 28
New CEG\'er
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New CEG\'er
Joined: Aug 2005
Posts: 28 |
Here in Canada gas has jumped to 1.35 a litre which is about 5.20 a gallon. It will cost me now roughly 65.00 to fill up my tour. That is alot to take considering my last fill up was last Thursday at 1.04 a litre which would be about 4.00 a gallon.
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Joined: May 2000
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Hard-core CEG\'er
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Gas in MY area went up 40-45 cents in the last day  . This SUCKS !! I'm glad as hell I filled up the SVT last weekend (not my daily driver) . Too bad it won't last me very long once I fire that sucker up & aim it south a week from now . Only about 5 1/2 hours  . I'll probably blow through about $200 in fuel in 7 days , maybe (probably) more  . I'm getting friggin' depressed . I'm glad my Jettas get 30+ mpg back & forth to work , the SVT sure wouldn't . I still don't like going to the pumps & getting anally gang-raped by the fuel companies  . Maybe the prices will eventually come down a bit , but they sure as hell won't put them down even close to where they were . They know soccer moms in their SUVs will pay whatever the pumps say , just as long as they can still gas-ass around with no rhyme or reason whatsoever . Combine trips ??? fuel efficient vehicle ??? BAH  !! We'll soon have to factor-in Vaseline costs into our fuel costs when buying/running a vehicle  . It's just friggin' rediculous !!
How much will gas prices rise tomorrow ?!?!?!
~~~~~~~ Phil 
Black & Tan 2000 SVT Contour #2137 of 2150
35,000 miles & counting !
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Joined: Jul 2000
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Hard-core CEG'er
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Vaseline is a petroleum-based product as well, so plan on paying much higher rates than you are used to on it...
Sometimes, you just can't win.
JaTo
e-Tough Guy
Missouri City, TX
99 Contour SVT
#143/2760
00 Corvette Coupe
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Joined: Aug 2000
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Hard-core CEG\'er
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Hard-core CEG\'er
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Fortunately, there are water based lubricants...
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
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Joined: May 2000
Posts: 2,838
Hard-core CEG\'er
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Hard-core CEG\'er
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Originally posted by Zoom Zoom Diva:
Fortunately, there are water based lubricants...
I knew I could count on YOU , James  !!
JaTo - Between a rock & a hard place , LOL !
~~~~~~~ Phil
Black & Tan 2000 SVT Contour #2137 of 2150
35,000 miles & counting !
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Joined: Mar 2004
Posts: 1,066
Hard-core CEG\'er
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Originally posted by Zoom Zoom Diva:
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.
I hope I'm wrong, but Forbes is off his rocker if he think crude will drop that low.
There isn't adequate supply either. China is a nation of 1.3bn people that are starting to come out of the dark ages. The middle class is growing and even if a quarter of that 1.3bn decide to drive, that's double the US's thirst for oil.
There is no way we have enough supply to last us the next hundred years at double the consumption rate of oil, no way. There just isn't enough oil down there to do so.
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fwiw, sometime ago i read an article in the la times about the fuel companies(bp, exxon/moble, chevron, etc) all showing record profits during our supposed gas crisis here. no suprise, just proof that they are gang banging us where the sun doesn't shine.
00 black/tan svt, #2052 of 2150, born 2/1/00
formerly known as my csvt
"Nothing in the world is more dangerous than a sincere ignorance and conscientious stupidity." -Martin Luther King, Jr.
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