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gas prices
 Moderated by: Dave, Babe  

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Dave
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Joined: Wed Nov 3rd, 2004
Location: Monrovia, California USA
Posts: 4018
 Posted: Thu Jun 5th, 2008 12:59 pm

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Vero Steve wrote:
Well I unloaded the OL's Chevy Tahoe last night, 12 miles to the gallon she was averaging around town. Sold it to a guy that needed a crew truck to haul his help from job to job. Got her a 2008 Chevy Equinox LTZ that somebody traded back to the dealer with 2500 miles on it. Getting around 19 MPG around town with it and the OL is happy with it. Gas hit $4.10 for 87 octane here this morning. Cost me $22.00 to fill up my Electra Glide on the way to work. $4.23 for 93 premium...........Bastards....$4.23? Is that all? LOL

I paid $4.45 for 91 octane this morning...

marc
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Joined: Thu Nov 4th, 2004
Location: Basking Ridge, New Jersey USA
Posts: 2572
 Posted: Thu Jun 5th, 2008 12:41 pm

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weasle wrote: hope ya didnt have to give it away steve, thats the norm for  that type of vehicle around here.Yup...That was on the news yesterday...People wanting to trade in their SUV's and being offered less than what they owed on the vehicle so they end up keeping it...

weasle
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Joined: Thu Nov 4th, 2004
Location: Tiffin, Ohio USA
Posts: 1713
 Posted: Thu Jun 5th, 2008 12:36 pm

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hope ya didnt have to give it away steve, thats the norm for  that type of vehicle around here.

Vero Steve
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Joined: Thu Nov 4th, 2004
Location: Hurricane Alley, Florida USA
Posts: 872
 Posted: Thu Jun 5th, 2008 12:30 pm

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Well I unloaded the OL's Chevy Tahoe last night, 12 miles to the gallon she was averaging around town. Sold it to a guy that needed a crew truck to haul his help from job to job. Got her a 2008 Chevy Equinox LTZ that somebody traded back to the dealer with 2500 miles on it. Getting around 19 MPG around town with it and the OL is happy with it. Gas hit $4.10 for 87 octane here this morning. Cost me $22.00 to fill up my Electra Glide on the way to work. $4.23 for 93 premium...........Bastards....

jeffy ole boy
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Joined: Mon Jan 2nd, 2006
Location: By Bridge On The River, Indiana USA
Posts: 2552
 Posted: Wed Jun 4th, 2008 08:17 pm

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Royal Dutch Shell  made 31 billion dollars in 2007....  And GM lost 31 billion...  Just don't seem right does it?

 

http://jobs.aol.com/gallery/largest-companies-worldwide?ncid=AOLCOMMjobsDYNLprim0001&icid=100214839x1203349032x1200142549

 

Dave
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Joined: Wed Nov 3rd, 2004
Location: Monrovia, California USA
Posts: 4018
 Posted: Tue Jun 3rd, 2008 11:13 am

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marc wrote:
weasle wrote: just read in the papyer this morning , home heating oil may reach over 4 $ this winter , thats gonna hurt me more than gas . gonna start looking for wood NOW.Just a thought... A friend of mine has oil heat and he has some sort of plan where you can lock in your oil price per gallon several months in advance...My son and D-I-L are on something like that in KC. They pay a set price all year long for heat and air conditioning. But, the way I understand it, if they're late on paying the bill, they have pay regular price, (retroactively) for the year...

Paid $4.29 for 91 octane yesterday. Cost me damn near $14.00 to fill the tank on the bike...

empty
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Joined: Tue Jun 28th, 2005
Location: Plano, Texas USA
Posts: 1634
 Posted: Tue Jun 3rd, 2008 11:06 am

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I went to a gas station yesterday and asked for $5 worth,  the clerk farted then gave me a receipt.

weasle
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Joined: Thu Nov 4th, 2004
Location: Tiffin, Ohio USA
Posts: 1713
 Posted: Mon Jun 2nd, 2008 12:24 pm

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dont think our distributer has that , i know you can go on a budget plan with them though .may look into that . can heat the house with wood though , saw a add today for 35$ a pick up laod of wood  if i haul it , can heat the house a lot cheaper thay way.

marc
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Joined: Thu Nov 4th, 2004
Location: Basking Ridge, New Jersey USA
Posts: 2572
 Posted: Mon Jun 2nd, 2008 12:17 pm

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weasle wrote: just read in the papyer this morning , home heating oil may reach  over 4 $ this winter , thats gonna hurt me more than gas . gonna start looking for wood NOW.Just a thought... A friend of mine has oil heat and he has some sort of plan where you can lock in your oil price per gallon several months in advance...

marc
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Joined: Thu Nov 4th, 2004
Location: Basking Ridge, New Jersey USA
Posts: 2572
 Posted: Mon Jun 2nd, 2008 12:03 pm

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weasle wrote:  gonna start looking for wood NOW.Funny you mention that...We took a ride into PA yesterday and saw a guy on the side of the road loading up his pickup with wood that either the utility guys or the DPW guys left behind...

weasle
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Joined: Thu Nov 4th, 2004
Location: Tiffin, Ohio USA
Posts: 1713
 Posted: Mon Jun 2nd, 2008 11:55 am

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just read in the papyer this morning , home heating oil may reach  over 4 $ this winter , thats gonna hurt me more than gas . gonna start looking for wood NOW.

Dave
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Joined: Wed Nov 3rd, 2004
Location: Monrovia, California USA
Posts: 4018
 Posted: Mon Jun 2nd, 2008 10:56 am

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$4.29 for 91 octane Saturday...

marc
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Joined: Thu Nov 4th, 2004
Location: Basking Ridge, New Jersey USA
Posts: 2572
 Posted: Sun Jun 1st, 2008 08:50 pm

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Paid $4.28 in PA and $4.42 in NJ for Sunoco Ultra...Paid just $4.09 last week...

Dave
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Joined: Wed Nov 3rd, 2004
Location: Monrovia, California USA
Posts: 4018
 Posted: Thu May 29th, 2008 11:18 am

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Great link Fritz...

BTW - Seems as though I remember someone here saying this before...


Question: Why are retail gasoline prices so high?

EIA analysis of the petroleum market points to the cost of crude oil as the main contributor to the record high gasoline prices that we are now experiencing.

The cost of crude oil now accounts for almost 70% of the gasoline pump price. World crude oil prices are at record highs due mainly to high worldwide oil demand relative to supply. Other factors contributing to higher prices include political events and conflicts in some major oil producing regions, as well as other factors such as the declining value of the U.S. dollar (the currency at which crude oil is traded globally).
http://tonto.eia.doe.gov/ask/gasoline_faqs.asp#gas_prices

Fritz
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Joined: Mon May 7th, 2007
Location: Gomerville, Arkansas USA
Posts: 127
 Posted: Thu May 29th, 2008 03:25 am

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weasle wrote: we only get something like 3% of our oil from the middle east , yet  every rise in price per barrell by the speculaters is blamed on events  in the middle east . i realize its a world market , but these people are  bullshitting  everyone  ,with the tanker was blown up , piplie  disruped in the  middle east( ect). and since 70% of alaskian oil is sold on the world market , why in the hell should we drill more their,? or offshore if  we cant keep it for domestic use ? allow the oil companys to drill here with the stipulation it must be sold on a american market , and youd never hear about wanting to drill in alaska  or fla again !
We get more than 3% from the middle east. Here's a detailed breakdown.

http://www.eia.doe.gov/basics/quickoil.html

Dave
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Joined: Wed Nov 3rd, 2004
Location: Monrovia, California USA
Posts: 4018
 Posted: Wed May 28th, 2008 07:41 pm

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weasle wrote:
dave i understand what yer saying , im saying if we let american company,s drill for oil in alaska (ect) and sell it in america (fuck the world market)they would have no interest in drilling here. besides why should we sell our oil on the world market when we need it here ? just to make oil companys more profitable than they are and further ruin our own econemy? that shit dont wash with me.

I don't honestly know if that would be legal or not. Gotta remember what treaties have been signed over the years. Might be legal, might not.

No one has ever claimed that there was a shortage. The only benefit of drilling in additional fields would be to flood the market and drive prices down. (In theory) But, since its a "World-Market", it still comes down to the value of a dollar.

Drilling in ANWR is only one issue (of many) that is involved in the cost of a barrel of oil.

the preacher
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Joined: Wed Oct 17th, 2007
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Posts: 240
 Posted: Wed May 28th, 2008 07:16 pm

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Hey Fritz:
I have been watching this thread, I no longer take part in such discussions, but I would really like to know what you base all your Bush is at fault stuff on. Please explain to me HOW he has caused gas prices to go up, HOW he has caused all the things you blame him for. If you could do that, I would be greatly appreciative. Whether or not I agree with you is immaterial, I would just like to understand the logic that allows that kind of blame to be placed on one person.
thanks,
RSDF

weasle
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Joined: Thu Nov 4th, 2004
Location: Tiffin, Ohio USA
Posts: 1713
 Posted: Wed May 28th, 2008 05:51 pm

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dave i  understand what yer saying , im saying if  we let american company,s drill for oil  in alaska (ect) and sell it in america (fuck the world market)they would have no interest in drilling here. besides why should we  sell our oil on the world market when we need it here ? just to make oil companys more profitable than they are and  further ruin our own econemy? that shit dont wash with me.

Dave
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Joined: Wed Nov 3rd, 2004
Location: Monrovia, California USA
Posts: 4018
 Posted: Wed May 28th, 2008 02:28 pm

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weasle wrote:
we only get something like 3% of our oil from the middle east , yet every rise in price per barrell by the speculaters is blamed on events in the middle east . i realize its a world market , but these people are bullshitting everyone ,with the tanker was blown up , piplie disruped in the middle east( ect). and since 70% of alaskian oil is sold on the world market , why in the hell should we drill more their,? or offshore if we cant keep it for domestic use ? allow the oil companys to drill here with the stipulation it must be sold on a american market , and youd never hear about wanting to drill in alaska or fla again !Good post Weasle...

Think about this for a second, in regards to keeping the Alaskan oil here...

If Big oil can sell it for $130.00 a barrel, while it costs less than $50.00 to drill it, why shouldn't they be selling it on the world market. No one has claimed that there is a shortage.

Remember, oil companies are in business to make money for their investors. period. (Free Enterprise System) They're not in business to do anything else. If they can drill more, sell more, flood the market, prices should drop. At least that's the way supply and demand work. But, it goes beyond simple supply and demand.

Speculators? They're worse than an emotional third-grader. Someone in the Middle-East farts and the price goes up. Doesn't take much to get them stirred up. This morning it was reported that because people were driving less, thus buying less gas, that the price of a barrel of oil had dropped and the stock market rallied, somewhat.

It can't be blamed on a single person or policy.

Its more than Bush,
Its more than "Big Oil" being greedy
Its more than the Middle-East
Its more than the Stock Market/Speculators

It's a combination of all of those, plus the world oil market, the value of the dollar (and probably a few other things) All of which can and are affected by several different things.

There's a bunch of different factors involved. That's what I was trying to explain to Fritz.

weasle
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Joined: Thu Nov 4th, 2004
Location: Tiffin, Ohio USA
Posts: 1713
 Posted: Wed May 28th, 2008 02:04 pm

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we only get something like 3% of our oil from the middle east , yet  every rise in price per barrell by the speculaters is blamed on events  in the middle east . i realize its a world market , but these people are  bullshitting  everyone  ,with the tanker was blown up , piplie  disruped in the  middle east( ect). and since 70% of alaskian oil is sold on the world market , why in the hell should we drill more their,? or offshore if  we cant keep it for domestic use ? allow the oil companys to drill here with the stipulation it must be sold on a american market , and youd never hear about wanting to drill in alaska  or fla again !


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