Gas Prices at it again..

blebs · Post by **blebs** » Fri Feb 25, 2011 8:26 am

Yeap, he's right.

Sava700 · Post by **Sava700** » Fri Feb 25, 2011 9:13 am

Gas prices jumped 6 cents overnight, as the recent spike in oil prices begins to hit filling stations across America.

The national average price for a gallon of regular gas rose 5.9 cents to $3.287, motorist group AAA said Friday. That marks the third day in a row that prices have risen, and brings the national average to the highest level since October 2008.

http://money.cnn.com/2011/02/25/news/ec ... htm?hpt=T2

blebs · Post by **blebs** » Fri Feb 25, 2011 9:24 am

$3.359 all around me.

PopCulture · Post by **PopCulture** » Fri Feb 25, 2011 12:14 pm

Crept past $3 here. Disgusted.

Sava700 · Post by **Sava700** » Fri Feb 25, 2011 12:45 pm

I just got a picture from a friend whom is in NYC.. showed Regular hit $4/gallon today and premium damn near $5!!!! This is becoming very serious!!

blebs · Post by **blebs** » Fri Feb 25, 2011 3:21 pm

What still makes no sense is, oil for the most part, has remained fairly stable in price until these last 2 weeks, but blend stock gas is always climbing, even when oil isn't.

Sava700 · Post by **Sava700** » Fri Feb 25, 2011 3:33 pm

blebs wrote:What still makes no sense is, oil for the most part, has remained fairly stable in price until these last 2 weeks, but blend stock gas is always climbing, even when oil isn't.

Speculation...these people that the Govt wanted to regulate more a few years ago are still doing what they do best and that's speculate on something that hasn't happened that prob won't happen which drives prices up. Oil can drop if the Govt pumps some reserves in and/or OPEC boosts output to show they are not having trouble.

Prey521 · Post by **Prey521** » Fri Feb 25, 2011 3:35 pm

I have friends and family in NYC and I always make sure to fill up in NJ before I cross back over into NY on my way back home since it's usually around 30c cheaper per gallon in NJ. My wife says that we should start taking her car when we drive the 120+ mile round trip into NY as opposed to my Tahoe to save on gas, but since we drive into the city with my daughters I refuse to give up the comfort, convenience and safety of my truck to save a few bucks. Though I may change my mind should gas near the $5 range. lol

blebs · Post by **blebs** » Sat Feb 26, 2011 9:03 am

Breaking News:
CNN reports: Beginning in early 2011 Gas stations will start
Showing PORN movies on the screens of the pumps so that
You can watch someone else get screwed the same time that
You do.: !!

Sava700 · Post by **Sava700** » Sat Feb 26, 2011 10:11 am

7 days ago it was 2.99 here and now its 3.30- that's just crazy. Certainly the topic of discussions for many around here.

Sava700 · Post by **Sava700** » Sat Feb 26, 2011 2:47 pm

Gas prices have increased nearly 17 cents a gallon in the past week. And analysts expect prices to continue higher, following a sharp rise in the price of crude oil.

The national average price for a gallon of regular gas rose 4.3 cents to $3.33, motorist group AAA said Saturday. That marks the fourth day in a row that prices have risen, and brings the national average to the highest level since October 2008.

"This will definitely be the most expensive February ever," he said, adding that gas prices are typically lower during the winter months.

The spike in oil last week could translate to an increase in gas prices of 37 cents per gallon in the coming weeks, according Moody's Analytics economist Chris Lafakis. He estimates that for every $1 increase in the price of oil, retail gas prices typically rise 2.5 cents a gallon.

http://money.cnn.com/2011/02/26/news/ec ... htm?hpt=T1

Prey521 · Post by **Prey521** » Mon Feb 28, 2011 12:13 pm

When this happened under Bush, the liberals and their counterparts in the media went ballistic trying to somehow blame it on him. Now that it is happening again not one word that it is Obama's fault. The truth is it wasn't Bush's fault and it isn't Obama's fault. The market is driven by current affairs.

YARDofSTUF · Post by **YARDofSTUF** » Mon Feb 28, 2011 3:15 pm

JBrazen wrote:When this happened under Bush, the liberals and their counterparts in the media went ballistic trying to somehow blame it on him. Now that it is happening again not one word that it is Obama's fault. The truth is it wasn't Bush's fault and it isn't Obama's fault. The market is driven by current affairs.

Probably due to Cheney's Haliburton connection.

PopCulture · Post by **PopCulture** » Mon Feb 28, 2011 4:13 pm

Just paid $3.20 here. This really is getting crazy.

JC · Post by JC » Mon Feb 28, 2011 5:28 pm

I don't know, I mean an extra 20 dollars to fill up with lets say a 20 gallon tank on average. Not that big of a deal, it is what it is.

Humboldt · Post by **Humboldt** » Mon Feb 28, 2011 6:01 pm

JC wrote:I don't know, I mean an extra 20 dollars to fill up with lets say a 20 gallon tank on average. Not that big of a deal, it is what it is.

True, but for a lot of people that $20 is going to come from what would otherwise be spent on themselves or their family.

Dan · Post by **Dan** » Mon Feb 28, 2011 6:24 pm

$3.75
$3.85
$3.95
here.
I just drove by my local Chevron

Sava700 · Post by **Sava700** » Mon Feb 28, 2011 7:10 pm

Humboldt wrote:True, but for a lot of people that $20 is going to come from what would otherwise be spent on themselves or their family.

Exactly.. That extra $20/week which is what most will see as an increase will add up to $100/month which could have been pumped into other economic locations such as eating out,buying a DVD, going to see a movie and so on. What you have is it hurts the pocket and people will start holding back on spending again thus causing the economy to tank all over again. You wont have businesses hiring as many say they would have done so this summer cause now they have to fork out more for fuel costs to get products too and from so you have to cut and then that adds more work on the already pressured work force to do more for less.

RoundEye · Post by **RoundEye** » Mon Feb 28, 2011 9:08 pm

Sava700 wrote:Exactly.. That extra $20/week which is what most will see as an increase will add up to $100/month which could have been pumped into other economic locations such as eating out,buying a DVD, going to see a movie and so on. What you have is it hurts the pocket and people will start holding back on spending again thus causing the economy to tank all over again. You wont have businesses hiring as many say they would have done so this summer cause now they have to fork out more for fuel costs to get products too and from so you have to cut and then that adds more work on the already pressured work force to do more for less.

Hey man $20 bucks a week is $80 a month. My calendar only has 4 weeks a month.

Sava700 · Post by **Sava700** » Mon Feb 28, 2011 11:23 pm

RoundEye wrote:Hey man $20 bucks a week is $80 a month. My calendar only has 4 weeks a month.

I was adding in the random wear and tear

blebs · Post by **blebs** » Tue Mar 01, 2011 9:10 am

JBrazen wrote:The market is driven by current affairs.

Umm no, pure greed.

RoundEye · Post by **RoundEye** » Tue Mar 01, 2011 1:40 pm

Sava700 wrote:I was adding in the random wear and tear

Oh

Easto · Post by **Easto** » Tue Mar 01, 2011 2:02 pm

Dan wrote:$3.75
$3.85
$3.95
here.
I just drove by my local Chevron

We up about $0.05 above those today. Looks like I drive the wife's econocar to work. And as in another post. I might have to start driving in stop and go freeway traffic in the near future (hours changing at work). That will add to the gas grief.

Dan · Post by **Dan** » Tue Mar 01, 2011 2:08 pm

Easto wrote: I might have to start driving in stop and go freeway traffic in the near future (hours changing at work). That will add to the gas grief.

that will add to just general grief

blebs · Post by **blebs** » Tue Mar 01, 2011 3:01 pm

Let's create a Benchmark: $3/gallon gasoline, 15 gallon car gas tank, 15 miles per gallon and 75 miles traveled daily.

$45 fills the tank.
5 gallons used per day.
2 fill-ups per week (couch potato on Sunday).

Weekly fuel allocation in the budget- $90.

If you're a teacher in Wisconsin likely to endure a 12% pay cut from that bat-wielding moron governor and his clan of puppet Congressionalites, you will see your wages reduced to about $36,000 annually for the critical role of educating the youth in your state.

$36,000/year (as opposed to Wall Street BONUSES averaging a mere $123,000 this year for the unimportant work of pumping the markets so retirees have more Viagra cash).

$36,000/year equals about $485 TAKE HOME dollars per week.
That's $395 after you've covered your gasoline expense.
Your car insurance is about $25/week so... $370.
Feeding your family including support goods- $40/day now $20.
Pay EITHER the cable or cell bill-- now you're tapped at $0.

Gasoline goes UP just 50 cents per gallon.
$52.50 fills the tank.
That's $103 per week.

$13 extra dollars spent on gas may not sound like much but... where would YOU cut something else to accommodate it? Would you... drive less to work (assuming anyone else lived around you and could car pool)? Would you slash food and supply items like laundry detergent, soap or vegetables? Drop cable or cell phone service?

Michigan's gasoline at the pump increased 40 CENTS in 24 hours.
No tankers delivered higher priced supply.
Libyan CRUDE taps slowed, but the flow is still there.
It takes two MONTHS to transition a barrel of crude to pump gas.
Nearly a 20% INCREASE, OVERNIGHT, on speculation.

Feel free to argue the facts.

Read more: http://notmsnmoney.proboards.com/index. ... z1FNcUS7ok

PopCulture · Post by **PopCulture** » Tue Mar 01, 2011 4:09 pm

Over $3 here too. Really getting tired of this.

JawZ · Post by **JawZ** » Tue Mar 01, 2011 4:18 pm

We deserve to pay $5-6 a gallon.

blebs · Post by **blebs** » Tue Mar 01, 2011 4:19 pm

JawZ wrote:We deserve to pay $5-6 a gallon.

May I ask why? All were doing is feeding the pigs.

Sava700 · Post by **Sava700** » Tue Mar 01, 2011 4:32 pm

blebs wrote:May I ask why? All were doing is feeding the pigs.

He's prob pointing out that even after the 2008 price jumps we all started running around finding other ways to get around. Prices started dropping and we all just let it go which isn't what should have happened. We need lower prices but at the same time we need to invest big time in other means of energy and transportation. Those in Europe and countries that have the higher prices are fixed to pump most of it into Govt funded health care and other things but they also have a very good built public transportation system and that's something here in the US just can't be done considering the amount of driving everyone MUST do to get to jobs. Only a fraction of the people in those higher paid price countries even drive anyway - most of what they need to do is right around the corner.

Qwijib0 · Post by **Qwijib0** » Tue Mar 01, 2011 6:37 pm

As a homeowner in the center of town who cycles to work and drives only on weekends for errands in a fuel-efficent vehicle it's my vague hope that these recent gas price fluctuations will convince people that live in the suburbs 30 freeway minutes from work in an SUV is unsustainable. Also that a good public transit system benefits everybody.

High energy prices aren't good for the economy-- and it sucks when the cost of fuel makes the cost of shipping goods expensive and takes its toll on professions that require copius amounts of driving, but I hope something good will come out of this spike. The last one did nothing.

Sava700 · Post by **Sava700** » Tue Mar 01, 2011 7:45 pm

Qwijib0 wrote:As a homeowner in the center of town who cycles to work and drives only on weekends for errands in a fuel-efficent vehicle it's my vague hope that these recent gas price fluctuations will convince people that live in the suburbs 30 freeway minutes from work in an SUV is unsustainable. Also that a good public transit system benefits everybody.

High energy prices aren't good for the economy-- and it sucks when the cost of fuel makes the cost of shipping goods expensive and takes its toll on professions that require copius amounts of driving, but I hope something good will come out of this spike. The last one did nothing.

Not everyone can drop the vehicle they have and just up and grab a fuel-efficent model or can cycle to work like you, many are working week to week to pay the bills and this is what the Govt turns a blind eye to. Bring fuel prices down but at the same time push the prices down and no interest finance on these fuel efficent models or a big check paid out (not by blue book) for a gas guzzler. Now we have auto makers still producing vehicles that can barely get 30mpg on average and that's during peak performance.

YARDofSTUF · Post by **YARDofSTUF** » Tue Mar 01, 2011 8:07 pm

There are a bunch of 40+mpg vehicles out and coming out now. Not everyone wants the gas efficient vehicles though. Where is all that govt tax money gonna come from for your idea.

blebs · Post by **blebs** » Tue Mar 01, 2011 8:30 pm

Qwijib0 wrote:As a homeowner in the center of town who cycles to work and drives only on weekends for errands in a fuel-efficent vehicle it's my vague hope that these recent gas price fluctuations will convince people that live in the suburbs 30 freeway minutes from work in an SUV is unsustainable. Also that a good public transit system benefits everybody.

High energy prices aren't good for the economy-- and it sucks when the cost of fuel makes the cost of shipping goods expensive and takes its toll on professions that require copius amounts of driving, but I hope something good will come out of this spike. The last one did nothing.

So on this note, I take it no one believes this is a planned destruction of the world economy and it's all just coincidence?

YARDofSTUF · Post by **YARDofSTUF** » Tue Mar 01, 2011 8:40 pm

blebs wrote:So on this note, I take it no one believes this is a planned destruction of the world economy and it's all just coincidence?

Its a combination of a bunch of things IMO. Everyone wants their cut of the action, whether its on the side of big oil or the transition to a new viable fuel/power source.

You may call it planned destruction, but I see it being the inevitable result of the powerful and wealthy people not caring enough to change, as it will likely not effect them.

Qwijib0 · Post by **Qwijib0** » Wed Mar 02, 2011 1:14 pm

Sava700 wrote:Not everyone can drop the vehicle they have and just up and grab a fuel-efficent model or can cycle to work like you, many are working week to week to pay the bills and this is what the Govt turns a blind eye to. Bring fuel prices down but at the same time push the prices down and no interest finance on these fuel efficent models or a big check paid out (not by blue book) for a gas guzzler. Now we have auto makers still producing vehicles that can barely get 30mpg on average and that's during peak performance.

Its been known since the late 90s that gas prices were eventually going to go up, and that the rapid expansion of suburbia was unsustainable. I have little sympathy for any 2000 or later SUV or truck owner whose primary use of it is a long commute, alone, from a master planned community tens of miles from work.

Qwijib0 · Post by **Qwijib0** » Wed Mar 02, 2011 1:18 pm

blebs wrote:So on this note, I take it no one believes this is a planned destruction of the world economy and it's all just coincidence?

not _planned_ destruction-- I'd go with inevitable actually. Given the unchecked expansion of financial products with precious little regulation and the wealthy-friendly tax code, one way or another it was going to topple.

Sava700 · Post by **Sava700** » Wed Mar 02, 2011 1:48 pm

Qwijib0 wrote:Its been known since the late 90s that gas prices were eventually going to go up, and that the rapid expansion of suburbia was unsustainable. I have little sympathy for any 2000 or later SUV or truck owner whose primary use of it is a long commute, alone, from a master planned community tens of miles from work.

Look at the scale in which prices have been since 1980 till now and you can see it slowly climbs each year then when you hit 2008 till now there are massive spikes. The prices now are not to scale with current economic needs,inflation and other factors. Gas prices need to be in line with everything else since they control everything from jobs to what we pay for a loaf of bread. At even $2/gallon that's way to high based on historical figures so something needs to be done to keep prices low but at the same time provide some tax breaks for purchasing fuel efficient vehicles while also pressuring auto makers to produce more fuel efficient cars on a global scale not just a few over priced models here and there.

YARDofSTUF · Post by **YARDofSTUF** » Wed Mar 02, 2011 1:55 pm

Again, there are more than a few cars that are 30+ and they're not overpriced, no more than anythign else is.

Sava700 · Post by **Sava700** » Wed Mar 02, 2011 3:07 pm

YARDofSTUF wrote:Again, there are more than a few cars that are 30+ and they're not overpriced, no more than anythign else is.

Not as a standard though..and you pay more for them than what is considered a medium for low/low-medium class families.

YARDofSTUF · Post by **YARDofSTUF** » Wed Mar 02, 2011 3:55 pm

Sava700 wrote:Not as a standard though..and you pay more for them than what is considered a medium for low/low-medium class families.

Hyundai Accent 3 door 34 MPG Highway - $10,000
Chevy Aveo5 35 MPG Highway - $12,200
Kia Rio 36 MPG Highway - $12,300
Smart Car Pure Coupe 41 MPG Highway - $12,500
Ford Fiesta 40 MPG Highway - $13,400
Honda Civic 34 MPG Highway - $15,700
Chevy Cruze 36 MPG Highway - $17,000
Honda Insight Hybrid 43 MPG Highway - $18,300
Honda CRZ Hybrid 39 MPG Highway - $19,400
Ford Fusion Hybrid 38 MPG average - $20,000
Toyota Prius 50 MPG Average - $23,500
Hyundai Sonata Hybrid 40 MPG Highway - $26,000
Chevy Volt 90 MPG Average - $32,000 after tax credit

You dont have to pay more, theres a good list of them.