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Gasoline Prices.

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Posted by Modelcar on Thursday, April 7, 2005 9:10 AM
...Just look at the bottom lines of big oil corporations...while we are shelling out more and more for a product needed in everyday life their profits are growing insainly....But our government continues to be seemingly more concerned of what is happening in overseas counties than how our own land is fareing. Where will the action come from to get us some help.....

Quentin

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Posted by Anonymous on Thursday, April 7, 2005 10:46 AM
Ya know something Modelcar, I don't expect any action any time soon, if ever. I'm sorry guys, I hate to be pessemistic, but I don't see any help coming any time soon.

Just my .02

mike
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Posted by Modelcar on Thursday, April 7, 2005 11:02 AM
...You could very well be correct....I just think our developing situation needs someone with power to start to do something.

Quentin

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Posted by passengerfan on Thursday, April 7, 2005 12:31 PM
Just on the news that California has the highest average gasoline prices in nation and it isn't going to get any better in the foreseeable future. In fact gasoline prices are only going to increase for the next three to four months according to one Oil company exceutive interviewed in the report. In fact California will be the first state to see 3.00 a gallon 87 octane.
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Posted by Junctionfan on Thursday, April 7, 2005 12:59 PM
A number of members of provincial parliments and federal parliment is demanding the federal government introduce and pass a bill to cap gas prices. As it reached over $2 in Northern Ontario, the demand for action by even the businesses particularly the ones with trucks, has been dramatically higher.
Andrew
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Posted by spbed on Thursday, April 7, 2005 1:04 PM
All I can say is keep buying those Hummers, Explorers yada, yada, yada. I am really think do not realize what this is doing to their family budgets & their ability to buy the needs of life. [:(][:(][:(]

Originally posted by passengerfan

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Posted by claypool82 on Thursday, April 7, 2005 1:57 PM
$2.00 a gallon! ---luxury!, you should try living in the U.K. £3.86 a gallon,thats about $7.10 , & most of it is tax!---we Brits get ripped off something cruel,even our modeling costs a fortune eg. you pay $100 ,the same U.S. loco costs us £100+.
Keep up the good work in the fight on terror. i and many people i know feel a lot safer because we are allies and friends.
Stay safe.
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Posted by passengerfan on Saturday, April 9, 2005 8:11 AM
The new higher gasoline prices do not seem to be having an effect on the economy, SUV sales are still strong as are pick-ups large luxury cars. These are sure signs that we Americans don't seem to mind shelling out forty dollars or more each time we fill up. There are no indications of the economy softening whatsoever. So I guess we are getting used to the higher energy costs and will go along with it.
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Posted by Modelcar on Saturday, April 9, 2005 8:31 AM
...Maybe figures don't show it yet but they soon will.....It's just a matter of time. That extra money being poured into the oil Co. cash registers is not going to other different areas it was in the past and it will make a difference soon....And SUV sales will dwindle, expecially the larger ones.

Quentin

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Posted by TH&B on Saturday, April 9, 2005 9:24 AM
I heard that Ford is having a hard time selling the bigger ones now and that smaller vehicles are selling better. Capping the prices is probably not realy a good idea, the system we use here is supply and demand and anyways if we "cap" the prices it doesn't mean we've capped the cost and we'll be paying even more indirectly somehow, like as in gas shortages.

If the price goes up because somebody somewhere is paying that price and you have capped your buying price then the oil companies will just choose not to sell to you. Then where are you???
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Posted by spbed on Monday, April 11, 2005 12:44 PM
Sorry to report $2.40 today for 87 octane in the lower SE

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Posted by Anonymous on Monday, April 11, 2005 1:31 PM
Speaking of gas. Is the 87 octane usual fuel? Here in europe we use 95 and 98 octane fuels... and Shell even sells 99 octane...
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Posted by spbed on Monday, April 11, 2005 1:42 PM
Supposely all cars sold in the USA are supposed to able to use 87 octane. There are higher grades & they cost more then what I posted. There are those whose opinion is that heir vehicles runs better on higher octane gas then 87. [:o)][:p][:)]

Originally posted by uzurpator
[

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Posted by spbed on Monday, April 11, 2005 1:48 PM
CNN just said that gas prices are up $0.19 in 3 weeks for 87 octane.

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Posted by rvos1979 on Monday, April 11, 2005 3:14 PM
QUOTE: Originally posted by uzurpator

Speaking of gas. Is the 87 octane usual fuel? Here in europe we use 95 and 98 octane fuels... and Shell even sells 99 octane...


In WI the usual choices are 87, 89 and 92-93 (depends on which station you go to) Octane. Most cars are able to run on 87, a few of the high performance cars (Corvette, Viper, a few others) are designed for premium (93) gas. I talked to a delivery driver not long ago at a Quik Trip, he said 89 octane in Wisconsin is just 87 octane gas with 10% E-85 ethanol added. E-85 ethanol is actually 100 octane fuel.

Randy

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Posted by Modelcar on Monday, April 11, 2005 4:53 PM
...There are quite a few models with engines in this country that require higher octane fuel...Bread and butter autos and trucks {gas}, run on 87 octane. Even some of the smaller higher performance models require a higher octane rating.....
Saw an announcement this morning that OPEC will increase output 500,000 bbls. next month...How far that will go to fill the shortage I have no idea. But it is a step in the right direction if they follow through with the announcement.
I have a model with a 3.0L engine designed to run and put out advertised HP on 87 octane but it can adjust to the higher octane if used and will perform a bit higher.

Quentin

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Posted by spbed on Wednesday, April 13, 2005 8:28 AM
Their is a woman in Georgia who can no longer afford the gas for her pickup truck so she has resorted to a mule & cart to do her deliveries & go to the store for her needs.

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Posted by Modelcar on Thursday, April 14, 2005 9:32 AM
...Now this morning I saw where crude was down around 50 dollars a bbl....That is quite a drop in the past week....And I also saw on news last evening of OPEC now wondering if they should hold up on any production increases as previously announced since the price of oil has free fallen in the last several days....Guess I better hurry down to the station before the gas price drops too low and I won't know how to act in just using a 10 dollar bill to pay for it.....

Quentin

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Posted by spbed on Thursday, April 14, 2005 9:45 AM
Yes I call that protecting against inflation[:p][:D]

Originally posted by Modelcar

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Posted by spbed on Thursday, April 14, 2005 9:46 AM
Filled up today & my book says in 1 month gas in the lower SE rose $0.16 per gallon.

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Posted by jchnhtfd on Thursday, April 14, 2005 10:31 AM
oddly enough, one should use the lowest octane one can! The differences are small -- especially with engines with knock-sensor controlled spark timing -- but they are there. Higher octane used in an engine which will run properly on lower octance will actually slightly increase emissions, decrease fuel mileage, and decrease power -- and increase your costs.
Jamie
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Posted by spbed on Thursday, April 14, 2005 10:37 AM
Yes that was for 87 octane! [:(][:(]

Originally posted by jchnhtfd
[

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Posted by Anonymous on Thursday, April 14, 2005 12:51 PM
uzurpator- The Europeans use a different scale of octane and the numbers don't mean the same as in USA, it is very confusing realy and I don't much more about it.

Last time I was there you could still get "plum" and "sans plum", that is leaded or no leaded. But again apparently it is not real lead, but a lead substitute for older cars. But I don't know much more about it.
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Posted by Modelcar on Thursday, April 14, 2005 3:05 PM
...Well another report now issued during the day indicates, world economys are slowing {including ours}, all of a sudden and of course that should mean much lower demand for oil. And world supplys in reserve are greater now...and of course the stock market is doing nothing but falling lower...In fact the lowest in 5 months....Perhaps we really should start to see lower gasoline prices if all of the above has anything to do with it....We'll be watching.

Quentin

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Posted by passengerfan on Friday, April 15, 2005 5:42 PM
Now look what's happening to the stock market thanks to the rising gasoline prices. Will it effect the railroad stocks as well? I don't think so as the railroads simply tack on a fuel surcharge the same as the truckers do. Those truckers who don't tack on a fuel surcharge will soon find themselves out of business. Gasoline prices are continuing to rise and electrifying the main lines will eventually become economically viable.
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Posted by Modelcar on Friday, April 15, 2005 5:48 PM
...Crude oil dropped in price today again.....not to mention the free fall of the stock market....And 2005 was to be a recovery year along with good earnings and now who can guess where it's all headed....We're evidently into another correction and if we're lucky a rally could start in the near..{??} future.

Quentin

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Posted by spbed on Saturday, April 16, 2005 1:01 PM
Yes the Wall street experts are touting energy stocks & telling everyone to sell automakers, tire companies, RRs, construction & companies that rely on construction to make $$$$. They also say the world economy has begun to collapse. You know the Dow dropped almost 500 point this week? [:(][:(]

Originally posted by passengerfan
[

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Posted by spbed on Saturday, April 16, 2005 1:03 PM
Truly hope you are correct. My son who does my investing has move himself & me into health care, gambling & energy. [8D][8D]
Originally posted by Modelcar

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Posted by Modelcar on Saturday, April 16, 2005 1:46 PM
....Yes, the actions of this past week in the market wasn't pretty...Believe the DOW dropped about 3.8%....in a week....no less.
Seems each new year's beginnings the report is "we're going to have a good year for the market"....etc....and we keep waiting for it to happen...and now it at least showed something "different" and lets hope it really is just, and I don't mean to belittle that {correction}, but let's get that out of the way and maybe we can start to gain once again...
For sure from what I've been seeing the world economies are slowing, some really so and if that is true..this info we've been hearing of not enough supply for demand should go by the wayside and bring crude prices down...and hopefully gasoline prices should follow down as well....At least that's what logic should tell us.

Quentin

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Posted by Modelcar on Saturday, April 16, 2005 1:48 PM
...PS....Gas today in Muncie: 2.13

Quentin

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