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Whose Ready for $3.00 a Gallon Gas

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Posted by Anonymous on Tuesday, August 16, 2005 7:29 PM
QUOTE: Originally posted by Modelcar

Lotus98....."The recession Clinton caused"....! Talk about someone smoking.....The responsibility has long ago passed along to the present adminstration for the economy....Are you sure Jimmy Carter didn't help too....I would rather not bring these kinds of politics into it and won't any farther but just had to voice a bit of opinion on that....I believe his {Clinton's}, decade did mighty fine for the economy. Of course we're loosing {good}, high paying heavy industry jobs, along with many appliance manufactures moving out and the list goes on...and the figures showing new jobs gained contain many, many low paying replacement jobs that no one could make a decent living with them.....Some of that can be blamed on both political parties.
Not true! The recession had already started when Clinton left office and the media openly lied while he was in office. It wasn't as great as they said, now thanks to the Republicans in congress it didn’t get to far down hill. Now thanks to Bush we are well above were Clinton’s economy was.
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Posted by markn on Tuesday, August 16, 2005 7:52 PM
"$3.00 a gallon! Heck, it's only 8 cents a gallon here"...and 130 degrees with all the sand you can eat-I'll gladly pay $8.00 gal to be here Thank you (PS we know you are over there getting us a good story)
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Posted by eastside on Tuesday, August 16, 2005 7:58 PM
QUOTE: Originally posted by Lotus098

Not true! The recession had already started when Clinton left office and the media openly lied while he was in office. It wasn't as great as they said, now thanks to the Republicans in congress it didn’t get to far down hill. Now thanks to Bush we are well above were Clinton’s economy was.
James[C):-)]
More to the point, beyond leadership and cajoling, the president has little to do with the actual performance of the economy at all. Unless it's something monumentally stupid such as imposing price controls, it takes years for any policy decision to have any effect. Changing monetary policy, which has the quickest effect on the economy, is the turf of the Federal Reserve, not the president. Remember Bush I's increased taxes in the early '90s which brought about his defeat? That just about wiped out the deficit and laid the groundwork for the prosperity of the rest of the '90s. When you're President of the US you're at the helm of a giant oil tanker going where it wants to not where you want it to.
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Posted by Scoobie9669 on Tuesday, August 16, 2005 8:00 PM
I just heard on the radio that gas prices in the middle east are pretty *** cheap. $.98 a gallon in Saudi Arabia on down to $.12 a gallon down in Caracas (Venenzuela (sp?)). They even said that in Moscow, Russia, the price is just a little over $2.00 a gallon.
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Posted by Anonymous on Tuesday, August 16, 2005 8:14 PM
In the late 70's, energy was 15% of GDP, so when the Carter crisis hit, it had a profound effect on the economy. Now energy is only 7% of GDP, so we've a ways to go before there are any profound effects on the economy. This present economy has more capacity to absorb the oil spikes.

Also saw this tidbit on the news (ABC Evening News). In the 1980's we had 300+ refineries putting out 19 million(?) gallons a day. Now we have less than 150 putting out 16 million(?) gallons a day. The price for heavy crude is about $14 a barrel less than the price for sweet crude, yet our refineries aren't designed to refine the heavier but cheaper crudes.

Wouldn't you think output would have gone up to match the growth in demand instead of going down in the last two decades? We don't just need more refineries, WE NEED MORE REFINERIES ASAP!

(....and now for jeaton's pleasure....)
At least our pipelines are OA![:D] If our pipelines were still closed access, we'd be paying double what we pay now to ship the fuel nationwide.[V]
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Posted by Wdlgln005 on Tuesday, August 16, 2005 8:24 PM
Time for a price check. Here in Nashville, the CHEAP gas is $2.49. Most stations are at $2.55+. Jumped 25 cents in 2 weeks.

Power company rates are going up in the fall. THe fun part is the TVA is in a big dispute with Gallatin to bring in coal via rail instead of river barge. We'll see how that turns out!
Glenn Woodle
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Posted by Modelcar on Tuesday, August 16, 2005 8:32 PM
Lotus98....I'm not on here to carry on a political back and forth...so you take comfort in what you believe and I'll do the same...Neither will change the other...

Quentin

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Posted by Anonymous on Tuesday, August 16, 2005 8:37 PM
There going up even higher tomorrow. hahahaha.
Allan.
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Posted by Modelcar on Tuesday, August 16, 2005 8:38 PM
Gas price check in Muncie today is : $2.649....Increased 19 cents yesterday.

Quentin

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Posted by Sterling1 on Tuesday, August 16, 2005 8:42 PM
Man is this one hot thread . . . all on gas . . .
"There is nothing in life that compares with running a locomotive at 80-plus mph with the windows open, the traction motors screaming, the air horns fighting the rush of incoming air to make any sound at all, automobiles on adjacent highways trying and failing to catch up with you, and the unmistakable presence of raw power. You ride with fear in the pit of your stomach knowing you do not really have control of this beast." - D.C. Battle [Trains 10/2002 issue, p74.]
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Posted by Anonymous on Tuesday, August 16, 2005 9:59 PM
QUOTE: Originally posted by Modelcar

...so you take comfort in what you believe and I'll do the same...Neither will change the other...

I agree 100% a few people here need to believe nonsense and no amount of evidence will get through to them.

I also think it's important to debunk nonsense so big lies aren't accepted as truth so quickly.
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Posted by Train Guy 3 on Wednesday, August 17, 2005 9:23 PM
I'm giving up the use of gas. From now on I'm going to power my car with low proof moonshine.[}:)][8]

TG3 LOOK ! LISTEN ! LIVE ! Remember the 3.

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Posted by Anonymous on Wednesday, August 17, 2005 9:42 PM
Just a reminder only 18% of comes from the mideast. I use a "Chinese sports car", a bicycle, or I would if it weren’t always so far. Moonshine is not a bad idea.
James[C):-)]
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Posted by BentnoseWillie on Thursday, August 18, 2005 6:29 AM
$3 a gallon? I wish!

We're paying $USD 3.44 now.

Or didn't you know that the US has the cheapest gasoline of any non-OPEC nation?

Course, we're a close second...
B-Dubya -------------------------------------------------------------------------------- Inside every GE is an Alco trying to get out...apparently, through the exhaust stack!
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Posted by Anonymous on Thursday, August 18, 2005 8:37 AM
There is always this big complaint in this country about high gas prices. I wounder why.
This country consumes way too much oil. Their is plenty of oil,just not enough refineries to convert the oil to gas. People burn way too much oil as it is. And if you think that the high price of gas has got you all hot over the collar? Just wait till winter rolls in.
Home heating oil is going through the roof this year. And so is natural gas. Those two alone are going to make for a very bad year in heating bills alone. Anyway......
The price of oil has come down to about 6% so far. If something where to happen to one of the refineres in this country you can expect prices to sky rocket even higher than they are now. Someone on the fox news channel has said that the refineres have been pushed to their limits. Drivers are burning 10 times more fuel than the refineres can produce......and that is very Dangerous. The ONLY way to try to keep prices down in this country is that drivers must learn to CUT BACK on their driving habbits. In which won't happen. Now as for the price of gas. Gas prices need to go as high as somewhere's of $10.00 to $15.00 a gallon to force people to cut back. But in the mean time give the Trucking company's and the Railroads a price cut so that our goods will be delivered to the stores on a timely manner. I hate to say this but......American drivers are to blame for the rising price of gas in this country. The more you burn gas the more it takes to restore it which costs ten times as much more. I hope for the better in this country that American drivers will try to cut back. But only time will tell. Allan.
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Posted by spbed on Thursday, August 18, 2005 9:42 AM
West Palm Beach FL $2.64.9 PG as of 0700 today. [:o)]

Originally posted by Modelcar

Living nearby to MP 186 of the UPRR  Austin TX Sub

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Posted by Modelcar on Thursday, August 18, 2005 10:14 AM
....$10 to 15 dollars for a gal of gasoline....!! What are you wishing on a great portion of working people in this country......In other words, ration to working folks and discount it to commerical business....We need some solutions, but not that direction.

Quentin

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Posted by spbed on Thursday, August 18, 2005 10:42 AM
You know the head of the Venezula govenment who is a follower of Castro is on record as saying that Americans can easily afford $3.00 gas

Originally posted by Modelcar
[

Living nearby to MP 186 of the UPRR  Austin TX Sub

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Posted by eastside on Thursday, August 18, 2005 11:05 AM
QUOTE: Originally posted by Mark_W._Hemphill

$3.00 a gallon! Heck, it's only 8 cents a gallon here.

Mark:
According to ABC it's going for as low as 5¢/gal.
http://abcnews.go.com/Business/wireStory?id=1047673
You're getting ripped-off!
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Posted by Anonymous on Thursday, August 18, 2005 11:23 AM
QUOTE: Originally posted by BNSF railfan.

There is always this big complaint in this country about high gas prices. I wounder why.
This country consumes way too much oil. Their is plenty of oil,just not enough refineries to convert the oil to gas. People burn way too much oil as it is. And if you think that the high price of gas has got you all hot over the collar? Just wait till winter rolls in.
Home heating oil is going through the roof this year. And so is natural gas. Those two alone are going to make for a very bad year in heating bills alone. Anyway......
The price of oil has come down to about 6% so far. If something where to happen to one of the refineres in this country you can expect prices to sky rocket even higher than they are now. Someone on the fox news channel has said that the refineres have been pushed to their limits. Drivers are burning 10 times more fuel than the refineres can produce......and that is very Dangerous. The ONLY way to try to keep prices down in this country is that drivers must learn to CUT BACK on their driving habbits. In which won't happen. Now as for the price of gas. Gas prices need to go as high as somewhere's of $10.00 to $15.00 a gallon to force people to cut back. But in the mean time give the Trucking company's and the Railroads a price cut so that our goods will be delivered to the stores on a timely manner. I hate to say this but......American drivers are to blame for the rising price of gas in this country. The more you burn gas the more it takes to restore it which costs ten times as much more. I hope for the better in this country that American drivers will try to cut back. But only time will tell. Allan.
No it is not the drivers it is the environmentalist who won't let us build refineries.
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Posted by oltmannd on Thursday, August 18, 2005 11:36 AM
What nonsense. It's pure economics that drive how many and what type of refineries we have. The consolidation of the oil industry was based in part on getting rid of excess refinery capacity. It pays them ZERO to own more than they need. And, with a product that has a highly inelastic demand curve, occasional, slight shortage situations suits them well.

Environmentalists and NIMBYs only have some sway or where refineries are built, not IF they can be built.

-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/

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Posted by petitnj on Thursday, August 18, 2005 4:53 PM
Best thing that could happen to the US is to get gas prices above $4/gallon. We then will start to look seriously at mass transit and alternative modes. Local energy sources will be sought and we can get off the middle east teton. If we keep energy prices low we will just delay the inevitable and make the changes more painful later on. This run up in oil will change the balance of costs between the heavily subsidised trucks and the railroads. It will also make folks think seriously about living 50 miles from work. Watch the transit systems spring up now!
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Posted by rf16a on Thursday, August 18, 2005 9:54 PM
A few suggestions.
We need to explore for more domestic sources of oil. If there is the potential for another source of oil in Alaska, drill for it. If it's off the coast of California or the Gulf of Mexico, drill for it. Lets find and use the resources we have.
Build more refineries to process fuel.
Use more nuclear power.
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Posted by Train Guy 3 on Thursday, August 18, 2005 9:56 PM
QUOTE: Originally posted by BNSF railfan.
[br Just wait till winter rolls in. Home heating oil is going through the roof this year. And so is natural gas. Those two alone are going to make for a very bad year in heating bills alone. Allan.


Heating oil...one thing I'm gald I don't have to worry about. Nothing beats a good old wood stove in the dead of winter. Wood stove is easy to maintain and the fuel is pretty cheap if you cut your own wood.

TG3 LOOK ! LISTEN ! LIVE ! Remember the 3.

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Posted by Anonymous on Thursday, August 18, 2005 10:07 PM
QUOTE: Originally posted by oltmannd

What nonsense. It's pure economics that drive how many and what type of refineries we have. The consolidation of the oil industry was based in part on getting rid of excess refinery capacity. It pays them ZERO to own more than they need. And, with a product that has a highly inelastic demand curve, occasional, slight shortage situations suits them well.

Environmentalists and NIMBYs only have some sway or where refineries are built, not IF they can be built.
The higher the price of gas gets the more profitable it is to build a new refinery, the higher the demand the more you can make. It is regulations that keep companies from building them; I think someone would have tried to build one to make money in the last 25 years.

Nuclear power is very clean, nuclear waste is really a myth we know how to get rid of it; we even have reactors that use the waste from the first reactor. Of course the environmentalist weenies won't let us build any of them either. Imagine being able to run cities for months on a piece of fuel the size of a large marble. No wait that makes too much sense.
James[C):-)]
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Posted by oltmannd on Friday, August 19, 2005 11:20 AM
Don't think the oil industry has been standing around doing nothing for 25 years. They've been closing the smaller, less flexible refineries while adding flexibility and capacity to the others.

If refining capc'y was the limiting factor in gasoline supply, the cost of crude would be dropping as gasoline costs rise. That cost of crude has gone up in lock step with gasoline tells you where the problem lies!

There may not be enough RESERVE refining capacity to make us happy, but that's a whole different ball game. Owing reserve capacity rarely produces a decent rate of return for the investor.

Also, breeder reactors notwithstanding, nuclear waste IS a big deal. The *** stuff has a horrendously long half-life! That's why the flap over Yucca mtn. (which seems to be a good idea, despite the debate). But, the cost may be worth the risk.

Any time you trivialize the thoughts of other intelligent people you're just inviting them to do the same to you.

-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/

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Posted by Anonymous on Friday, August 19, 2005 3:52 PM
It looks like crude is up again to $65.35 up $2.08 today.
Allan.
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Posted by Anonymous on Friday, August 19, 2005 4:03 PM
Little Rock area 2.71 for Premium it works out to $40.00 for 15 gallons so far.

I fully expect this to gas to break 3.00 here by end of year.
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Posted by Anonymous on Friday, August 19, 2005 4:24 PM
Gas just went up 5c per litre 1.20 per litre for Premium .
5.40 per gallon cnd = 4.30 usd
$ 150 to fill up this week
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Posted by Sterling1 on Friday, August 19, 2005 6:56 PM
QUOTE: Originally posted by spbed

West Palm Beach FL $2.64.9 PG as of 0700 today. [:o)]

Originally posted by Modelcar



Crystal River FL Racetrac $2.56 as of 10 am, as of 7 am it was $2.57 . . .
"There is nothing in life that compares with running a locomotive at 80-plus mph with the windows open, the traction motors screaming, the air horns fighting the rush of incoming air to make any sound at all, automobiles on adjacent highways trying and failing to catch up with you, and the unmistakable presence of raw power. You ride with fear in the pit of your stomach knowing you do not really have control of this beast." - D.C. Battle [Trains 10/2002 issue, p74.]

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