Discussion
I fueled up yesterday and premium gasoline has gone up over $2.00/gal. I fact it was $2.05/gal. and it was over $25 to fill up the Esprit. Things are going to get nasty when the summer vacation season swings into prime traveling. I wish my daily drivers could take E85 but they are too old. At least that is still less than a $1.50.
yeah its great isnt it. Dont you just love this country.
Might as well make it $3 a gallon and get it over with. All these gasoline companies are doing is making the consumer become adjusted to $1.80 and up fuel. That way, when it lowers to 1.75, everyone things that great! Meanwhile, not long ago, the norm was 1.25-1.50. So just like everything else, just keep on raising the prices on everything. Because so many people are wealthy and can afford this crap right
Alright im getting pissed now.
In reality though, whats the difference between 1.80 and 2.00. 20 cents, but in my eyes nothing. I could care less about a few cents to the dollar. But when u start breaking the $2 mark, its just ridiculous now.
Seriously, when are people going to realize that WE run this state, country, NOT them. But like they say, America is comfortable, they make sure of that. So long as it doesnt damper the wealthy, or get in the way of the poor to work the economy, lazy americans will sit around and take the shaft deeper and deeper.
>> Edited by Lotusacbc on Friday 7th May 15:36
Might as well make it $3 a gallon and get it over with. All these gasoline companies are doing is making the consumer become adjusted to $1.80 and up fuel. That way, when it lowers to 1.75, everyone things that great! Meanwhile, not long ago, the norm was 1.25-1.50. So just like everything else, just keep on raising the prices on everything. Because so many people are wealthy and can afford this crap right
Alright im getting pissed now. In reality though, whats the difference between 1.80 and 2.00. 20 cents, but in my eyes nothing. I could care less about a few cents to the dollar. But when u start breaking the $2 mark, its just ridiculous now.
Seriously, when are people going to realize that WE run this state, country, NOT them. But like they say, America is comfortable, they make sure of that. So long as it doesnt damper the wealthy, or get in the way of the poor to work the economy, lazy americans will sit around and take the shaft deeper and deeper.
>> Edited by Lotusacbc on Friday 7th May 15:36
bojangles said:
Useless rants when you have the cheapest fuel in the world...
Lets see it double and get those silly SUV's off the road... I cant see with them in front of the esprit
Bruce
In my area only the older SUV are suffering. I live in SUV and truck country, no end in sight for SUV and truck sales. The newer ones can run on Flex and those fuel prices are cheaper. When I get a newer daily driver I'm going to use Flex. Thank goodness that traffic is light in my area and SUV's are always behind my Esprit.
Gfun said:
Errm lads ....
No sympathy from the UK contingent its $5.40 a US Gallon over here !
I know you guys pay just about more than most. Not quite right the way your taxes are for you but we are not used to paying high prices. Our taxes are not as high as the UK so the percentage increase hits and affects us more although it is probably in line with your hikes. But if you are already paying over $5 and it goes up $.50 thats a 10% increase to us thats a lot more than 10%.
I'm still wondering where is all this Iraqi oil that everyone says we went to war over. We haven't seen a drop that has made the prices go down yet.
Calvin
This topic was discussed on the TurboEsprit list several months ago. Someone posted an explanation that made a lot of sense (to me anyway). The gist of it was as follows:
Fuel consumption in the USA has increased dramatically in the past 1-2 decades as more and more cars are on our roads. Oil companies have antiquated equipment with a limited capacity for fuel production. They have two options when dealing with this. They could:
a) Invest a lot of the company's money building new refineries to increase the fuel production capacity and keep prices low for the consumer; or
b) Do nothing therefore increasing fuel demand and reap higher profits from the limited, existing fuel supply.
If you were the CEO of a major oil company which would you do?
Fuel consumption in the USA has increased dramatically in the past 1-2 decades as more and more cars are on our roads. Oil companies have antiquated equipment with a limited capacity for fuel production. They have two options when dealing with this. They could:
a) Invest a lot of the company's money building new refineries to increase the fuel production capacity and keep prices low for the consumer; or
b) Do nothing therefore increasing fuel demand and reap higher profits from the limited, existing fuel supply.
If you were the CEO of a major oil company which would you do?
I don't want to sound like the conspiracy theorist, but from what I understand (from a 60 minutes interview a number of weeks ago.) Bush made a deal with the Saudis as part of the whole Iraq thing (don't get me started there.) They were going to reduce the number of barrels of oil until a couple months before the election when they will flood the market, thereby causing gas prices to drop significantly in the months before the election.
Of course being a Democrat, maybe I'm a bit more willing to believe it. I could go on, but this isn't a political forum... I guess we'll have to see what the cost of 93 octane is on election day.
A question for the Europeans though. At ~$5 a gallon, what octane is that for? I was under the impression that gas octane in Europe was much higher than it is here.
I know that if you can find 97 around the States it's usually $2-$3 more than 93 octane (which would put it in the $5/gallon range.)
Of course being a Democrat, maybe I'm a bit more willing to believe it. I could go on, but this isn't a political forum... I guess we'll have to see what the cost of 93 octane is on election day.
A question for the Europeans though. At ~$5 a gallon, what octane is that for? I was under the impression that gas octane in Europe was much higher than it is here.
I know that if you can find 97 around the States it's usually $2-$3 more than 93 octane (which would put it in the $5/gallon range.)
Just for your information.. up here in the pacific northwest in Canada our lowest grade (87) fuel went up 20% in the last month alone.. it is now 3.20US a gallon!! Our 94 premium is about $3.50/gal (thats $4.41 Canadian!!).
I believe it is a big money grab by the oil industry as a whole..taking advantage of summer travellers, as they do every year up here. Each year it seems the price ratchets up a notch (or three). By winter it will likely drop back down 10-15% IMO.
I just filled my E150 Ford Van yesterday.. it took $107 CAN to fill!! Time to get a raise.. Im going to try and pass the cost on
Jan
I believe it is a big money grab by the oil industry as a whole..taking advantage of summer travellers, as they do every year up here. Each year it seems the price ratchets up a notch (or three). By winter it will likely drop back down 10-15% IMO.
I just filled my E150 Ford Van yesterday.. it took $107 CAN to fill!! Time to get a raise.. Im going to try and pass the cost on
JanDrieStone: our 'standard' unleaded in the UK is 95 octane. 'Super' is 97 or 98, depending on which brand you buy. Even diesel is expensive: cost me £40 for 50 litres of the stuff last night! Well OK, actually it cost the company, but you get the gist.
It used to be the case that mainland Europe was cheaper for petrol and a LOT cheaper for diesel, but they've caught up in the last few years.
Petrol (95RON) is around £0.80/litre: say £3.60 a gallon (4.54L). As a comparison, I earn about £10 an hour (less deductions!!!) and my TVR does 18 mpg. So I can go about 50 miles for an hour's work
Ian
It used to be the case that mainland Europe was cheaper for petrol and a LOT cheaper for diesel, but they've caught up in the last few years.
Petrol (95RON) is around £0.80/litre: say £3.60 a gallon (4.54L). As a comparison, I earn about £10 an hour (less deductions!!!) and my TVR does 18 mpg. So I can go about 50 miles for an hour's work
Ian
DrieStone said:
I don't want to sound like the conspiracy theorist, but from what I understand (from a 60 minutes interview a number of weeks ago.) Bush made a deal with the Saudis as part of the whole Iraq thing (don't get me started there.) They were going to reduce the number of barrels of oil until a couple months before the election when they will flood the market, thereby causing gas prices to drop significantly in the months before the election.
Of course being a Democrat, maybe I'm a bit more willing to believe it. I could go on, but this isn't a political forum... I guess we'll have to see what the cost of 93 octane is on election day.
A question for the Europeans though. At ~$5 a gallon, what octane is that for? I was under the impression that gas octane in Europe was much higher than it is here.
I know that if you can find 97 around the States it's usually $2-$3 more than 93 octane (which would put it in the $5/gallon range.)
It's 95 octane for standard unleaded, and super unleaded is 97 (or 98 for Shell Optimax).
However, it's not easy to make a direct comparison as the octane rating is calculated differently each side of the Atlantic (or so I believe).
Paul.
PS We're not Europeans, we're British.
Lotusacbc said:Ignoring the little conspiracy theory, just what is this "everything" that keeps getting more expensive? Last I checked, inflation was still extremely low.
So just like everything else, just keep on raising the prices on everything. Because so many people are wealthy and can afford this crap right
My neighbor gets a real kick out of conspiracy theories ("_they're_ raising the prices on us!). As an investment banker, he's had a lot of exposure to the top levels of many different companies and told me "trust me, they're just not smart enough to do something so elaborate".
cnh1990 said:Is Flex the same as E85? Ethenol-based fuels are only "cheaper" because of tax subsidies to producers (a rant for another day, perhaps). We all get to pay for it.
The newer ones can run on Flex and those fuel prices are cheaper. When I get a newer daily driver I'm going to use Flex. Thank goodness that traffic is light in my area and SUV's are always behind my Esprit.
MikeyRide said:
So just like everything else, just keep on raising the prices on everything. Because so many people are wealthy and can afford this crap right
Ignoring the little conspiracy theory, just what is this "everything" that keeps getting more expensive? Last I checked, inflation was still extremely low.
My neighbor gets a real kick out of conspiracy theories ("_they're_ raising the prices on us!). As an investment banker, he's had a lot of exposure to the top levels of many different companies and told me "trust me, they're just not smart enough to do something so elaborate".
Everything is just that everything. Every year prices go up, name "essential" things where prices go down? I dont know of any personally. And meanwhile, salaries stay the same, decrease (layoffs) or climb slower than the prices.
For instance, I was charged $5.25 the other day for egg whites. I laughed and walked out. Eggs must be a rare commodity eh? LOL
Annual rates of inflation from '90 until now:
1990 5.4
1991 4.2
1992 3.0
1993 3.0
1994 2.6
1995 2.8
1996 2.9
1997 2.3
1998 1.6
1999 2.2
2000 3.4
2001 2.8
2002 1.6
2003 2.2
2004 1.9 (*An estimate for 2004 is based on the change in the CPI from fourth quarter 2002 to fourth quarter 2003.)
Your anecdote of paying (or not paying) too much for egg whites at a local diner (?) is just that - an anecdote. The real inflation figures show quite a different situation. In fact, there was real concern about the potential for deflation only a year or two ago.
EDIT: I said "inflation is very low", which doesn't contradict "everything is going up", I guess, but it's a matter of degrees. You see a problem, I do not. The average raise at my company exceeded inflation this year and last, BTW, even if I'm still not making as much as I was in 2000.
>> Edited by MikeyRide on Monday 10th May 20:51
1990 5.4
1991 4.2
1992 3.0
1993 3.0
1994 2.6
1995 2.8
1996 2.9
1997 2.3
1998 1.6
1999 2.2
2000 3.4
2001 2.8
2002 1.6
2003 2.2
2004 1.9 (*An estimate for 2004 is based on the change in the CPI from fourth quarter 2002 to fourth quarter 2003.)
Your anecdote of paying (or not paying) too much for egg whites at a local diner (?) is just that - an anecdote. The real inflation figures show quite a different situation. In fact, there was real concern about the potential for deflation only a year or two ago.
EDIT: I said "inflation is very low", which doesn't contradict "everything is going up", I guess, but it's a matter of degrees. You see a problem, I do not. The average raise at my company exceeded inflation this year and last, BTW, even if I'm still not making as much as I was in 2000.
>> Edited by MikeyRide on Monday 10th May 20:51
MikeyRide said:
Annual rates of inflation from '90 until now:
1990 5.4
1991 4.2
1992 3.0
1993 3.0
1994 2.6
1995 2.8
1996 2.9
1997 2.3
1998 1.6
1999 2.2
2000 3.4
2001 2.8
2002 1.6
2003 2.2
2004 1.9 (*An estimate for 2004 is based on the change in the CPI from fourth quarter 2002 to fourth quarter 2003.)
Your anecdote of paying (or not paying) too much for egg whites at a local diner (?) is just that - an anecdote. The real inflation figures show quite a different situation. In fact, there was real concern about the potential for deflation only a year or two ago.
EDIT: I said "inflation is very low", which doesn't contradict "everything is going up", I guess, but it's a matter of degrees. You see a problem, I do not. The average raise at my company exceeded inflation this year and last, BTW, even if I'm still not making as much as I was in 2000.
>> Edited by MikeyRide on Monday 10th May 20:51
im just basing this off of what I purchase and my pockets running thin. LOL And you had to go and get facts and shush me up.
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