Gasoline Prices.

[Modelcar]

....And tax revenues will go with it and wow...the deficit will climb at a faster pace yet...!

[Modelcar]

....Something better start working...or someone with clout {our government}, better start doing something as if this scenario continues, we're going to see our economy go into the dumper...!

[spbed]

As the worlds biggest consumer of oil just the IDEA that we will become self sufficent will have a very positive effect on our "friends" in OPEC & Russia. JMHO but usually when somebody realizes that there garvy train may be over even 7 or 10 years away they will change there ways of doing biz or lose it sooner or later. Like I said just what Reagan did with "star wars" will be the same scenario again & GWB may just be able to pull it off. [:o)]

QUOTE: Originally posted by Modelcar

...I believe the jury is still out on this venture up in Alaska....and don't hold your breath about that dropping oil prices. The results from that if all continues and we actually do produce oil from that regon will occur in 7 to 10 years from now....And we better watch it doesn't go to Japan at that time....In fact I already heard a figure of 57 dollars a bbl. this morning so we continue on....Who knows where it stops.

[Modelcar]

...I believe the jury is still out on this venture up in Alaska....and don't hold your breath about that dropping oil prices. The results from that if all continues and we actually do produce oil from that regon will occur in 7 to 10 years from now....And we better watch it doesn't go to Japan at that time....In fact I already heard a figure of 57 dollars a bbl. this morning so we continue on....Who knows where it stops.

[spbed]

Anything that makes other countries BELIEVE we will BECOME self sufficent in due course will have a very positive effect for the USA concerning oil prices. It is a akin to what happen to Russia when Reagan unveiled "STAR WARS" technology which the Russian believed & the cold war then ended. [8D][8D][8D]

QUOTE: Originally posted by passengerfan

But the good news is now the Arctic reserves are finally going to be developed. The Senate passed the necessary bill yesterday 51-49. Let the enviromentalist wacko's who have fought this estimated 10 trillion barrel reserve pay $4.00 a gallon for gasoline. Watch the price of OPEC oil drop with this news. The last thing OPEC wants is the U S becoming oil independant again.

[passengerfan]

But the good news is now the Arctic reserves are finally going to be developed. The Senate passed the necessary bill yesterday 51-49. Let the enviromentalist wacko's who have fought this estimated 10 trillion barrel reserve pay $4.00 a gallon for gasoline. Watch the price of OPEC oil drop with this news. The last thing OPEC wants is the U S becoming oil independant again.

[spbed]

Oil hit a new hi in yesterdays trading on the futures board. The DJ reacted by dropping over 100 points down almost 3% in one week.

[selector]

My bicycle's lookin' pretty comfy right 'bout now. Don't see how I'm gonna pull my camping trailer with it, though. Course, if property taxes and gasoline keep rising the way they are, I could just live in the camper!! I should be able to handle the $90 it'll take to fill up the propane bottles twice a month (four times in the winter).

[Anonymous]

QUOTE: Originally posted by BNSF railfan.

QUOTE: Originally posted by Michael27

In Iowa where I live, the price for a gallon of gas(89 octane, 10% ethanol) was $1.97/gallon. Regular unleaded was 2.04 a gallon. You all should get your gas in Iowa. lol
Mike

If my understanding is correct.......You don't pay a Gas tax in Iowa. Is that correct?
BNSFrailfan.

I am pretty sure we have a gas tax in iowa.

[locomutt]

QUOTE: Originally posted by Modelcar

Courtesy of our OPEC friends....From here on up it's a record price. Stock market didn't like it very much either....Down 107.

Did see/hear on the news today,that OPEC was going to try to raise
their output of oil,by about 500,000 barrels a day,to help offset the
higher price.(yeah,right !!!)

[Anonymous]

Wait till tomorrow! No one is gona be a very happy camper!
BNSFrailfan.

[Modelcar]

Courtesy of our OPEC friends....From here on up it's a record price. Stock market didn't like it very much either....Down 112.

[Anonymous]

Another thing. Did you people see the Price of oil today? Oh my God!
$56.46 a barrel today! There is a rumor that oil could go as high as $90.00 a barrel.
BNSFrailfan.

[Anonymous]

QUOTE: Originally posted by Michael27

In Iowa where I live, the price for a gallon of gas(89 octane, 10% ethanol) was $1.97/gallon. Regular unleaded was 2.04 a gallon. You all should get your gas in Iowa. lol
Mike

If my understanding is correct.......You don't pay a Gas tax in Iowa. Is that correct?
BNSFrailfan.

[Anonymous]

In Iowa where I live, the price for a gallon of gas(89 octane, 10% ethanol) was $1.97/gallon. Regular unleaded was 2.04 a gallon. You all should get your gas in Iowa. lol
Mike

[Grinandbearit]

Here in Eastern Ontario we are paying almost $4.00 CDN ($3.43 U.S.) per gallon right NOW!!!

[tatans]

Just heard on CNN a guy was predicting $4.00 per gallon by mid summer,and opec dropped another 1 million bbls on the market today to try and stabilize the price/bbl. get used to astronomical fuel prices.

[Modelcar]

....Jamie: All the points taken....and my family opened an Esso Station in 1938 in Pennsylvania and at that time gas was selling for 6 gal for one dollar...!!! We {the public}, were riding along buying gas earlier last year { 2004}, and paying anywhere from 1.45 to 1.80 or so, so what all of a sudden is different...that they want to charge us over 2 bucks a gal for it....I'll bet they weren't selling the stuff at that time at a loss. Still think the OPEC folks need an incentive to raise production to stablize prices. And I understand the refinery situation and that I don't understand what stops the construction of some new ones....Possibly EPA issues. [8D]

[oltmannd]

QUOTE: Originally posted by jchnhtfd

Model -- it would be nice to think that a rise in oil production would help gasoline prices... but... while it may stabilise crude, and also such things as aviation jet fuel and diesel, it won't stabilise gasoline. Why? Because refineries in North America are running at practical capacity as it stands now. Any increase in demand for gasoline can only be met by bringing much higher cost capacity (which should be being reserved for maintenance, incidentally!) on line.

However... might I note... just gently in passing... gasoline prices have not really increased in real money. My very first paying job (other than farm hand!) was pumping gas -- along with a lot of other teenage guys! -- in the late '50s. I remember about 19 cents a gallon, or less. But... the minimum wage was 75 cents an hour; a darn good new car could be had for around $1,500, and you could buy a real nice house for $15,000 in southern New England. A McDonalds burger was 15 cents; a cheeseburger was 19 cents, and fries brought the whole thing up to a quarter. So my 19 cent gallon of gas was the equivalent of a cheeseburger -- which today is over 2 bucks. So where have we gotten to?

Exactly. If you take $0.35/gallon gas of 1965 and adjust for inflation, you get about $2.10/gallon today. I paid $1.91 a couple of days ago. The real price of gasoline dropped pretty steadily in the mid-1980s thru the late 1990s. Any wonder why people bought SUVs?

[vsmith]

Heheeheee

I'm playing the worlds smallest Violin for all those crying about there gas prices, Ohhh $2.10 a gallon, $2.15,bouuuuuw...$2.15 Armageddon is here!!

Ha! weaklings!!!! None of youz guys would last long out here...$2.57 a gallon!!!!!!!,

Yesterday, LA

Now drop and give me 20!!!![;)]

[spbed]

Good analogy [:D]

QUOTE: Originally posted by jchnhtfd

Model -- it would be nice to think that a rise in oil production would help gasoline prices... but... while it may stabilise crude, and also such things as aviation jet fuel and diesel, it won't stabilise gasoline. Why? Because refineries in North America are running at practical capacity as it stands now. Any increase in demand for gasoline can only be met by bringing much higher cost capacity (which should be being reserved for maintenance, incidentally!) on line.

However... might I note... just gently in passing... gasoline prices have not really increased in real money. My very first paying job (other than farm hand!) was pumping gas -- along with a lot of other teenage guys! -- in the late '50s. I remember about 19 cents a gallon, or less. But... the minimum wage was 75 cents an hour; a darn good new car could be had for around $1,500, and you could buy a real nice house for $15,000 in southern New England. A McDonalds burger was 15 cents; a cheeseburger was 19 cents, and fries brought the whole thing up to a quarter. So my 19 cent gallon of gas was the equivalent of a cheeseburger -- which today is over 2 bucks. So where have we gotten to?

[jchnhtfd]

Model -- it would be nice to think that a rise in oil production would help gasoline prices... but... while it may stabilise crude, and also such things as aviation jet fuel and diesel, it won't stabilise gasoline. Why? Because refineries in North America are running at practical capacity as it stands now. Any increase in demand for gasoline can only be met by bringing much higher cost capacity (which should be being reserved for maintenance, incidentally!) on line.

However... might I note... just gently in passing... gasoline prices have not really increased in real money. My very first paying job (other than farm hand!) was pumping gas -- along with a lot of other teenage guys! -- in the late '50s. I remember about 19 cents a gallon, or less. But... the minimum wage was 75 cents an hour; a darn good new car could be had for around $1,500, and you could buy a real nice house for $15,000 in southern New England. A McDonalds burger was 15 cents; a cheeseburger was 19 cents, and fries brought the whole thing up to a quarter. So my 19 cent gallon of gas was the equivalent of a cheeseburger -- which today is over 2 bucks. So where have we gotten to?

[Modelcar]

...Nationwide gasoline prices as of this morning are just a bit above the 2 dollars a gal. measure but expect to go somewhat higher soon. But just heard on the news within the past hour OPEC will raise output about 500,000 bbls. per day April 1st....Don't know how much that will help.
Still think we {with our world strength}, should give the OPEC nations a bit of incentive to raise output to accommodate demand as close as possible or maybe we might come and short circuit the system {with strength}...! OPEC is not living up to the promise of keeping oil prices stable {with production}, as was promised some time ago...!

[Anonymous]

QUOTE: Originally posted by CSXrules4eva

QUOTE: Originally posted by 440cuin

The H2 is an ugly peice of junk, but you know what? Maybe ten years from now when gas prices are so high you can get one REAL CHEAP !! and by then it will be even UGLIER !

I agree with ya on this one!! I don't like the H2 at all. I like the older miliatry style Hummers but the new ones are juck!!! I'm telling you the H2 must get 2 blocks to the gal. They are almost as bad as the KIA's that are running around.

Anyway about gas prices, they have no were to go but up in durring this time. :( Here in PA we pay $2.30 for gas. But, I'm not going to complain because, over in Europe they have to pay approx: 5 bucks for fuel.

Somewhere I heard the the real military HumVees are dual-fuel and can burn the same stuff the gas-turbine M1-tanks use(Kerosene?).

I don't care for the H2's either, but IMO the Honda wannabe's are even funnier. Around here, SUV's seem to be for soccer mom's. "Real men" drive 4-door extended cab/extended bed super-duty dually rear-wheel 4x4 offroad pickups. Most are never used for towing or hauling and never go off-road. I think there's some kind of accelerated tax-break for buying trucks with GVWR's over 10,000lbs that got passeed along with the Bu***reasury-Raid.

[spbed]

Well I would say our average at this time maybe $2.15 per gallon nationwide for 87 octane & you are still some what higher for us to catch up to you. [:(][:(]

QUOTE: Originally posted by Junctionfan

So basically we are in the same boat for gas prices than. Interesting that prices are basically the same despite different measurement system and currency rates.

[Junctionfan]

So basically we are in the same boat for gas prices than. Interesting that prices are basically the same despite different measurement system and currency rates.

[DSchmitt]

1 liter = 0.264 gallon (US) $2.99 to $3.41 (Canadian dollars)
which is currently $2.48 to $2.83 (US) using this on-line currency converter http://www.xe.com/ucc/

By the way:
1 liter = 0.22 gallon (UK) the measurement that Canada used prior to the liter

[Junctionfan]

What is a litre to gallon again? In Ontario, it is anything from $0.79 to $0.90 a litre.

[eolafan]

Average price for regular unleaded here in Madison, WI tonight where I am visiting on business is about $2.05 per gallon

[spbed]

Well the peoples republic of Florida is unchanged from yesterday [:(]

QUOTE: Originally posted by wcfan4ever

We just hit $2.12 here in eastern Wisconsin!