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Topic: Gas Prices in your area

Michael Moore
Expert Film Handler

Posts: 188
From: Dover, DE / USA
Registered: Jun 2006

posted 05-19-2008 02:06 PM

Gas this morning was $3.77, this afternoon it is up to $3.79

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Bobby Henderson
"Ask me about Trajan."

Posts: 10973
From: Lawton, OK, USA
Registered: Apr 2001

posted 05-19-2008 02:14 PM

quote: Lyle Romer
I know the point you are making but you shouldn't have to make 3x the income to offset a 3x increase in gas. If your gas spending was 10% of your spending (when it was 1/3 the price), if you are still spending the same on everything else gas will now be 25% of your spending and your total spending is now 20% higher.

No one is paying the same for everything else.

The price of food, clothing, utilities and many other things is quite a bit higher. The high cost of fuel is affecting that. So even if you stop driving completely and just walk or pedal a bike to work, you're still going to see the price on a lot of ordinary things continue to rise while your earnings strength continues to diminish. The only thing going down at all in price is property values in many areas of the country.

My water bill is nearly double what it was just a few years ago. My natural gas bill is double what it used to be. The inflation rate for lots of basic necessities -things those economists conveniently exclude from their fake inflation figures. The "core" CPI figure is a rose-colored glasses view. I have coworkers who are paying over $400 per month on gasoline.

Next thing, the math is what it is. Gasoline costs 3 times what it did just a few years ago. Middle class and lower income have been dealing with stagnant pay levels. The only thing skewing average income levels higher at all is by income growth in the top tier brackets.

These price hikes are no different than tax hikes. I view them with the same level of disdain. It's impossible to tax the public to prosperity. Big business can't price gouge the public to prosperity either.

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Lyle Romer
Phenomenal Film Handler

Posts: 1400
From: Davie, FL, USA
Registered: May 2002

posted 05-19-2008 02:32 PM

quote: Bobby Henderson
These price hikes are no different than tax hikes. I view them with the same level of disdain. It's impossible to tax the public to prosperity. Big business can't price gouge the public to prosperity either.

You hit the nail on the head here. The issue is how to solve the oil price issue. The problem is that even though there are many oil companies, the oil industry operates like a monopoly. It doesn't matter who pumps the oil out of the ground, the price is the same. It's kind of the same with farming except with food there isn't the fear that it will run out one day so the prices don't get artificially high (except when corn is used to make fuel but that is another discussion).

The other problem with oil is that so much of it comes from other countries and they control the price to an extent by controlling output.

Here's my suggestion to solve the issue:

Immediately build as many nuclear power plants as possible with a goal of producing at least 70% of electricity via nuclear power (like France, one of the few things I think they do right).

In the SHORT TERM:
1) Open up ANWR and off shore US for oil exploration and drilling to add supply to the market and take away some foreign dependance.
2) Since generating more electricity with nuclear will cause lower need for coal, reform coal into gasoline to again add gasoline supply to the market that is domestically produced.

For the longer term, intensify research (prodded with grants and tax credits) to find a VIABLE alternative motor fuel. Viable means that it doesn't take fossil fuel input to make (or if it does the energy contained in the fuel must be many times more than the fossil fuel energy that it took to produce it), enough can be made to actually fuel all of the vehicles at some point (which corn based ethanol can't do) and that it doesn't take away food crop land to create.

The problem with my solution is that the environmentalists will try to stop the nuclear power portion and the short term portion of my solution. They will support my long term solution but since it will take years to get to the goal the short term prices will just keep rising.

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Mark Gulbrandsen
Resident Trollmaster

Posts: 16657
From: Music City
Registered: Jun 99

posted 05-19-2008 03:07 PM

quote: Lyle Romer
Since generating more electricity with nuclear will cause lower need for coal, reform coal into gasoline to again add gasoline supply to the market that is domestically produced.

Well, Neucs still pollute too on such a massive scale that few can comprehend it. And it takes gobs of coal to make just one gallon of gasoline. The coal thing is not practical on a larage scale although they say that Oil Shale refining might start up again because technology has advanced suffuciently to make it practical. Actually Neucs are not very practical until they come up with a way to refine or re-use the waste by-products. The cheap alternative is already here and has been around as long as coal and oil... it's Natural Gas. Less than .70 a gallon in Utah!

Mark

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Justin Hamaker
Film God

Posts: 2253
From: Lakeport, CA USA
Registered: Jan 2004

posted 05-19-2008 11:57 PM

Depending on where you go, the price of regular is $3.89 - $3.99. If the Shell station was still around, it would probably be about $4.10.

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Rachel Craven
Madam Moderator

Posts: 2190
From: Pensacola, FL
Registered: Dec 2000

posted 05-20-2008 12:06 AM

I'm actually down in Pensacola FL at the moment where we got gas today for $3.77, which is about average.

I'm here for a theater interview. =)

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Dick Vaughan
Phenomenal Film Handler

Posts: 1032
From: Bradford, West Yorkshire, UK
Registered: Jul 2000

posted 05-20-2008 02:13 AM

Well things will only get worse [Frown]

They are talking about a 5 pence (10 cents US) a litre price rise by the end of the week according to this BBC online article.

Fuel prices 'keep cars off road'

Motorists have been hit by petrol and diesel price rises this year
High prices of petrol and diesel are making UK drivers think twice about travelling by car, a survey suggests.

The AA polled 17,500 members, and found 27% had cut back on other areas of spending, 16% had decided to travel less by car, and 21% had done both.

Petrol prices have risen sharply this year, although government figures have only shown car traffic falling 2%.

The Petrol Retailers Association says that average prices could go up as much as 5 pence a litre by the weekend.

"I expect that motorists and diesel users in particular are going to pay more at the pumps in the coming weeks, possibly as soon as the bank holiday, from where they are now," said Ray Holloway, director of the Petrol Retailers Association.

"The simple reason is that the wholesale price of oil sent diesel up 3 pence last week and there's more to come."

Accelerating diesel

The average price of a litre of unleaded petrol in the UK is currently 113.01p while the average diesel price is 124.87p.

That compares with average figures from three months ago of 104.02p for unleaded and 109.30p for diesel.

Diesel prices have gone up particularly fast as a result of a lack of refining capacity.

Official figures from the Department for Transport showed that car traffic had fallen by 2% in the first three months of 2008 compared with the same period of 2007.

Fuel prices have accelerated as a result of the rising price of oil, which set a record high near $128 a barrel on Friday

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Alan Plester
Expert Film Handler

Posts: 209
From: great yarmouth england
Registered: Apr 2001

posted 05-20-2008 03:09 AM

Scariest one found at the moment is diesel @ £1.28 ltr

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John Wilson
Film God

Posts: 5438
From: Sydney, Australia.
Registered: Dec 1999

posted 05-20-2008 05:22 AM

I paid $1.79AUD for diesel this morning. Last week it was $1.59.

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Leo Enticknap
Film God

Posts: 7474
From: Loma Linda, CA
Registered: Jul 2000

posted 05-20-2008 08:28 AM

My local station (Boroughbridge Road, York) shot up from 109.9p to 113.9p just over the weekend! [Eek!]

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Michael Moore
Expert Film Handler

Posts: 188
From: Dover, DE / USA
Registered: Jun 2006

posted 05-20-2008 08:33 AM

quote: Alan Plester
Scariest one found at the moment is diesel @ £1.28 ltr

Diesel in my home town of Dover Delaware is running this morning about $4.85/gal that's roughly about $1.30 or so per ltr.

My scooter is costing me about $5.25 to fill up and that will last me about 3 weeks... I don't have a far commute to work, about 3 miles booth ways.

Mike

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Bobby Henderson
"Ask me about Trajan."

Posts: 10973
From: Lawton, OK, USA
Registered: Apr 2001

posted 05-21-2008 02:09 PM

Today, while executives of major oil companies were testifying before congress about high oil prices, the price of crude oil broke past $132 per barrel. The price has gone up about $5 per barrel in just the last 24 hours.

Gas prices here have pulled back 4 cents from Monday's levels, down to $3.75 per gallon. I have the feeling that's just the "back swing" ahead of the consumer being clubbed in the nuts with a 9 iron.

I'd like to drive up to Moore, OK to check out that new Warren Theater and the new Indy IV movie. But $50 for fuel alone on merely a 200 mile round trip is encouraging me not to bother with the trip at all.

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Ben Wales
Jedi Master Film Handler

Posts: 602
From: Southampton. England
Registered: Jul 99

posted 05-21-2008 02:58 PM

The average Diesel price in my area is £1.24 a Litre and I have heard that it has reached £1.34 in parts of Devon.

We have been told that prices are likely to raise to £1.50 a litre by September.

At least in France they protest, wheile we just moan about it in the UK and our Gordon rakes in the Tax!.

Today French Fisherman blockade three major French Ferry ports and caused 10miles of parked Trucks in the UK due to High Fuel prices in France.

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Leo Enticknap
Film God

Posts: 7474
From: Loma Linda, CA
Registered: Jul 2000

posted 05-21-2008 03:55 PM

Went over to Calais between Christmas and the New Year to fill the car up with cheap booze. I normally fill it with cheap petrol, too: but this time found that it was actually slightly more expensive than in Kent. Given that the pound has dropped even more against the euro since then, I wouldn't be surprised if they're now paying significantly more than we are.

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Chris Hipp
Phenomenal Film Handler

Posts: 1462
From: Mesquite, Tx (east of Dallas)
Registered: Jul 2003

posted 05-21-2008 06:01 PM

Eh, let them bid it up, the faster the better.

As much as I would hate to say the oil campanies are not to blame, I have agree that it is the speculators causing the problems, the oil companies are just reaping the rewards.

That bubble will have to burst at some point, might take two months and it might take ten years.

I suppose we can take some satisfaction knowing that these idiots who are buying oil for over $200 a barrel are going to take a lot bigger hit than we are when the bubble does pop.

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