Gas prices
05-01-2007 | 08:05 PM
#124
Senior Member
Joined: 12-30-2006
Posts: 661
From: Lower Alabama
http://www.api.org/statistics/fueltaxes/index.cfm
05-01-2007 | 08:06 PM
#125
Senior Member
Joined: 04-05-2006
Posts: 342
From: Greenville, MS
Dont think this is Repulbican or Democrat on my end. Either way prices keep going up. Got an email today asking everyone to not buy gas on May 15,2007. Just one day and it would hit the oil companies hard over 2 Billion dollars. Maybe we should do this, after all its just one day, get your gas before or after and lets see if it has any effect.... It did back in the 70's and gas prices went down by 30cents/ gallon..
05-02-2007 | 12:13 AM
#128
Banned
Joined: 10-25-2006
Posts: 1,761
From: The Show-Me State
I paid $3.19 a gallon in Romulus, MI last Saturday to fill the rental back up, and then $2.87 in St. Louis the same day to fill up my HHR.
The thing people who suggest not buying gas on a single day don't seem to understand is that gasoline and other petroleum products are fungible commodities. Even if we don't buy it that day, someone else will and the speculators will still make money. If the gummit starts throwing taxes on gas or puts price caps on it, we'll just have even higher gas prices or worse, fuel shortages.
Best thing to do is tighten the belt and do some good old-fashioned conservation. Carpool lanes are there for a reason and if people weren't so busy driving one-person-to-a-Sequoia during the daily commute, maybe they'd realize they could cut their fuel bill in half by commuting with one co-worker.
The thing people who suggest not buying gas on a single day don't seem to understand is that gasoline and other petroleum products are fungible commodities. Even if we don't buy it that day, someone else will and the speculators will still make money. If the gummit starts throwing taxes on gas or puts price caps on it, we'll just have even higher gas prices or worse, fuel shortages.
Best thing to do is tighten the belt and do some good old-fashioned conservation. Carpool lanes are there for a reason and if people weren't so busy driving one-person-to-a-Sequoia during the daily commute, maybe they'd realize they could cut their fuel bill in half by commuting with one co-worker.
05-02-2007 | 10:33 AM
#130
Thread Starter
Senior Member
Joined: 08-20-2006
Posts: 21,640
From: Hillsdale, Michigan
Say hello to $3 gas
Fuel supplies drop for 11th consecutive week
By ANDREW CHILDERS Staff Writer
Matthew Sim had a few pithy - but unprintable - thoughts about paying $3.05 for a gallon of regular unleaded gas in Eastport yesterday.
Topping off his Chevrolet Tahoe at the Shell station on Sixth Street, Mr. Sim didn't even look at the price until he had already started pumping.
"I just noticed it now," he said. "It was shocking."
A gallon of gas averaged $2.97 statewide yesterday, slightly above the national average, as America's fuel supply dropped for the 11th consecutive week, according to the federal Energy Information Administration.
Several oil refineries were taken out of service in the past two weeks and European countries are not exporting as much fuel as well, tightening the American market, according to federal analyst Douglas MacIntyre.
"We think some of that is already showing up" in retail gasoline prices, he said.
Until those refineries are back in service, motorists will continue to see the impact at the pump.
Gas prices nationwide had dipped a penny last week, but the trend is back up this week.
"That looks like it might have been a one-week blip," Mr. MacIntyre said.
While most gas stations in the area have held on in the $2.90 range, Eastport Shell station owner Bud beLasesser has seen his costs rise 12 cents a gallon in the past week, biting into his already razor-thin margins. For every gallon of gas sold, he said he only takes home 3 cents.
"We held out as long as we could," he said. "... It used to be gas sales used to pay for your lease. Now they're not half of the lease."
Mr. beLasesser said 85 percent of his sales are done by credit cards, which are also driving up his costs. Each credit card transaction comes with a clearing fee unless customers use a Shell card.
"It is the cost which is increasing the most rapidly because it's a percentage of the sale," he said.
Despite Maryland motorists' grumbles, things could always be worse. In San Francisco yesterday, one gas station sold a gallon of regular unleaded for $4.19. California gas prices have already topped $3, with a gallon selling for anywhere between $3.30 and $3.50.
Driving up from Florida, sailor Dave Flechsig pumped $70 into his GMC Yukon yesterday, the most he paid during the entire trip.
"I'm just hoping it isn't going to go higher," he said. "It obviously will."
Fuel supplies drop for 11th consecutive week
By ANDREW CHILDERS Staff Writer
Matthew Sim had a few pithy - but unprintable - thoughts about paying $3.05 for a gallon of regular unleaded gas in Eastport yesterday.
Topping off his Chevrolet Tahoe at the Shell station on Sixth Street, Mr. Sim didn't even look at the price until he had already started pumping.
"I just noticed it now," he said. "It was shocking."
A gallon of gas averaged $2.97 statewide yesterday, slightly above the national average, as America's fuel supply dropped for the 11th consecutive week, according to the federal Energy Information Administration.
Several oil refineries were taken out of service in the past two weeks and European countries are not exporting as much fuel as well, tightening the American market, according to federal analyst Douglas MacIntyre.
"We think some of that is already showing up" in retail gasoline prices, he said.
Until those refineries are back in service, motorists will continue to see the impact at the pump.
Gas prices nationwide had dipped a penny last week, but the trend is back up this week.
"That looks like it might have been a one-week blip," Mr. MacIntyre said.
While most gas stations in the area have held on in the $2.90 range, Eastport Shell station owner Bud beLasesser has seen his costs rise 12 cents a gallon in the past week, biting into his already razor-thin margins. For every gallon of gas sold, he said he only takes home 3 cents.
"We held out as long as we could," he said. "... It used to be gas sales used to pay for your lease. Now they're not half of the lease."
Mr. beLasesser said 85 percent of his sales are done by credit cards, which are also driving up his costs. Each credit card transaction comes with a clearing fee unless customers use a Shell card.
"It is the cost which is increasing the most rapidly because it's a percentage of the sale," he said.
Despite Maryland motorists' grumbles, things could always be worse. In San Francisco yesterday, one gas station sold a gallon of regular unleaded for $4.19. California gas prices have already topped $3, with a gallon selling for anywhere between $3.30 and $3.50.
Driving up from Florida, sailor Dave Flechsig pumped $70 into his GMC Yukon yesterday, the most he paid during the entire trip.
"I'm just hoping it isn't going to go higher," he said. "It obviously will."