Farging gas prices

[Yeti]

I'm a black jew.

Mozletov, boyeeeee.

[PoopyfaceMcGee]

$50 on the nose to fill up today.

[Sgt PSN]

Freddie, what are your gas prices over there in the RDU area?  They're about $2.94/gallon over here but I went out to Lillington last week to buy a car and they were only running $2.83/gallon. 

It's really pathetic when I'm using the word "only" when referring to gas prices at $2.83/gallon. 

And I bought a 2005 Mustang GT.  But at least I've still got my 4 Runner.  That's my fuel efficient vehicle.   

[Larry]

Here comes another price spike.

When I filled up my tank Fri. evening, gas was $3.05; yet 2 hours later I drove past that exact same station--the price had magically gone up to $3.14.

[MDS]

im getting towards the light with about 2 weeks until i go away. i havent paid for gas since early april. someone help me out.

[Rome]

I paid $2.73 in Orlando this afternoon.

Still ridiculously high.  That's okay, though.  What's good for Exxon/Mobil is good for America, right?

[dis12]

at least don't have to pay European prices.  FARGIN $0.12/gal in Venezuela???  might be worth a road trip.

http://money.cnn.com/pf/features/lists/global_gasprices/index.html

[JTrotter Fan]

Paid 2.59 at Rt 30 and Rt 41 on the way back from Ocean City, MD this afternoon.  It was refreshing (sadly enough) that it had dipped that much.

[Father Demon]

About capping gas prices

About capping gas prices, and capping in general

Hawaii put a cap on gas prices starting in September, and it just made a splash in the news (I believe) last week or the week before. It's not having quite the effect the Hawaiian government wanted.

    With the average price for regular in Hawaii rising above $3.38 per gallon Friday, Gov. Linda Lingle signed into law a suspension of the cap that sought to keep the oil companies in check and give a fair price to customers.

    "It's ridiculous. Prices jumped up 20 cents in the last couple of days," said Calvin Reddick, who paid $15 for just over four gallons of gas for his Volkswagon Beetle. "Usually when you have a cap, it's supposed to freeze prices off. Obviously, their idea of a cap is different from mine."

The next time one of your friends tells you we need a cap on gas prices, show your friend this article, or relate the hard lesson learned by the drivers of Hawaii.

In Georgia, we have a similar cap in place, not on gas prices but on emissions testing. Many cars in this state are required to have a yearly emissions test done, and at some point in the past, the government decided that they should privatize the emissions testing process. They probably saw the gridlock government-run testing caused in Florida in the 90s and learned from that.

I got my emissions tested late last month. It cost me $20, and there was very little hassle. There are three emissions testing stations within three miles of my house; I picked the one that only charged $20, as opposed to the one that charged $25 (the third one was closed for the weekend). While waiting, I read the emissions testing law posted on the wall of the tester's office. It said, among other things, that it is unlawful for an emissions test to cost more than $25.

Which is why so many emissions testing stations charge the full $25. Because there's no reason not to. Some of them charge a little less to try and drive business — like the one I went to — but when prices are capped, retailers tend to charge the full amount because they can, and because they're not free to run their businesses the way they feel is best.

In the end, according to the Consumerist, the gas cap cost Hawaiian drivers $53.3 million more than they would have paid had there been no cap.

[Father Demon]

Better fill up your cars now

Oil closes at record above $75

Tensions over Iran, worries about North Korea, send crude soaring.
July 5 2006: 3:30 PM EDT

NEW YORK (Reuters) -- Oil closed at a record high above $75 a barrel Wednesday on strong U.S. demand and ongoing tensions over Iran's nuclear program.

U.S. crude closed $1.26 higher at $75.19 a barrel after hitting a record $75.40 a barrel trading high earlier Wednesday. The market was was closed Monday and Tuesday for the Independence Day holiday. London Brent crude was up $1.52 at $74.03.

The previous record close was on April 21, 2006.

A dispute between OPEC nation Iran and the West over Tehran's atomic ambitions helped drive prices to a then-record $75.35 in April as investors feared potential supply disruptions from the world's fourth-biggest crude exporter.

News that Iran had postponed a planned meeting with the European Union to discuss incentives to end the standoff supported crude's rise.

EU foreign policy chief Javier Solana had been due to meet Iranian nuclear negotiator Ali Larijani Wednesday. They are now scheduled to meet in Brussels on Thursday and July 11.

Solana, surprised by Larijani's sudden postponement, made clear the West wants a quick answer on its incentives for Iran to halt uranium enrichment.

"From the oil market's perspective, the intensity of the confrontation has not changed," said Michael Wittner of Calyon investment bank. "We're not closer to a resolution of the crisis, but it hasn't escalated. We're trapped in no man's land."
Robust demand

Lingering concern over Iran and still robust consumption in the United States and China, the world's biggest fuel burners, also helped crude climb to record highs.

Gasoline futures rose on forecasts that U.S. demand increased last week ahead of the Independence Day holiday weekend.

U.S. oil inventory data to be released Thursday is expected to show a fall in crude and gasoline supplies last week, according to a Reuters poll of analysts.

U.S. crude rallied more than $3 a barrel last week as U.S. drivers hit the roads for the summer holidays.

"After gasoline inventories began to fall last week the key focus is now where they go this week," said Gerard Burg, energy economist at the National Australia Bank.

"The market wants to see if stocks are adequate to get through the summer driving season, especially as supply could be disrupted by more hurricanes."

U.S. retail unleaded gasoline prices rose nearly 7 cents to average $2.93 a gallon last week, just below the record of $3.056, the Energy Information Administration said on Monday.

European motorists have adjusted their habits as prices soar, however, according to Thierry Desmarest, Chief Executive of French Total.

"The large European countries, for the first half of this year, the consumption of motor fuels has declined," Desmarest told reporters on the sidelines of a conference in London.

Oil also rose as geopolitical tension heightened after North Korea, labeled by President George W. Bush as part of an "axis of evil," launched a series of missiles into the Japan Sea.

The missiles included a long-range one able to reach Alaska, although it apparently failed 40 seconds into its flight, U.S. officials said.

[Rome]

Worries over North Korea sent prices higher?

I see.




BTW: I paid $2.87 today. 

[Father Demon]

It was $2.81 on my way to work today, and I'm at a quarter tank.  We'll see what what it's at in about 30 minutes on my way home.

[Butchers Bill]

Worries over North Korea sent prices higher?

I farted...thats why gas prices went higher.

With all the derivatives on commodities, and bump in the road will cause oil to climb.  So my farting could very well have caused todays price spike.   

[Phanatic]

2.79 for Diesel. I'm actually paying less and getting good mileage. YAY!

[rjs246]

Whatever hippy.