$4 gas... question?

Steve, It's funny you should mention this as it seemed to be the topic of discussion today around the shop. I'd bet my last gallon of gas that the oil companies will post RECORD Breaking Profits AGAIN!

On a positive note for the day Oil was down $3 a barrel which I'm sure we will all see an immediate decrease in the price of gas. It goes up $.15 in an 8 hour period when the price is up. I'm sure the opposite is true right?

62 wood wrote: I dont seem to hear people screaming as loudly this time?

You know the answer to that Steve.The ones who bring it up are keeping quite because they are the ones in favor of the current management.

On a completly different subject,I'm thinking of putting a 4 or a 6 in my boat

Gary S wrote: 62 wood wrote: I dont seem to hear people screaming as loudly this time? You know the answer to that Steve.The ones who bring it up are keeping quite because they are the ones in favor of the current management. On a completly different subject,I'm thinking of putting a 4 or a 6 in my boat

I was wondering how the big "D" and"R" battle enters in..
......must make a difference on who's in "charge"?   

and I do like my 6 banger in times like this! I'm like Chris, might not be able to get out as often, but will still get out!

This is why my wife and I both drive diesels and I make my own Bio-diesel. It costs me a little less than a buck a gallon to make and the money we save goes in the boats.
If I lived in the south I would do the veggie conversion, thats even cheaper than making the bio.

Try running a fleet of HD2500 service trucks avg. 150. milea a day.
bj

Since my boat runs great now, and I have a great job, I will burn gas in the boat even at 5 dollars a gallon. As it sounds, the $5 mark will be in full effect by the heat of boating season. My weekends and time off are worth far more than anything else. I have noticed that taking slow cruises will really extend a tank of gas.

And yes, record profits for big oil are here already. Why at 110 a barrel are they at around 4 dollars a gallon when the last time gas prices were this high a barrel was a good 30-40 dollars higher? That's a great question. Big oil knows why, and it should not have anything to do with the dems in power as they are opposed to big oil getting richer.

I'm taking the bike tomorrow and Thursday to work. At the current rate of gas prices I save like 7 bucks a day by riding the motorcycle than taking my car.

Drill Baby....Drill!!!!

We need to use our own resources instead of relying on OPEC!

I remember in '08 gas in downtown Chicago was $4.60/gal. Here in the suburbs, it was ~$1.00/gal less. Now, most stations around here are at $4.09 even in the milktoast burbs. But, whats the alternative? A Chevy Volt??

In 1976 gas cost .60 per gallon today it is about $4.00 an increase of 666%. In 1976 bread cost .30, today average is 2.28, an increase of 933% yet I never hear complaints about big bread profits. I have heard oil company profits have been remakably consisten at a return of 7% on the dollar invested for years. That is a return of 1.07 for every dollar spent. In 2008 when then candidate hillory clinton was complaining about record profits for oil companys racking in that big 7 cents on the dollar, verison wireless made 100% profit, 2 dollars returned for every one spent, but the media and politicians make the oil companies out as the greedy bad guys, and our ignorant electorate buys the whole scam. Demand for gas rises nearly every year, giving oil companys record sales nearly every year. Taking the same 7 cents on the dollar for each gallon of gas gives them record profits nearly every year. It is all about volume. At 4$ per gallon oil companys make about a 28 cent per gallon profit, meanwhile in Minnesota gas taxes are 45.6 cents per gallon. The oil companies buy or drill for the oil, transport it or build pipe lines, refine it, store it, transport it to the gas stations and sell it for .28 cents per gallon profit. What is the government doing for its 45.6 cent share? Building light rail? Have you ever tried to hook up your correct craft to a light rail train? As far as the differnce between 2008 and now, oil is sold in us dollars and that has not changed (yet),but it is not just the purchase of raw crude, everything the oil company has to do (listed above) has to be paid in US dollars. With our country monitising its debt, our currencies value is dropping on the world market, and we are seeing real inflation in transportation cost here in the U.S.. also in Minnesota gas taxes have gone up 5.1 cents per gallon since 2008. It all adds up, and goes way beyond oil company profits.

Kristof wrote: Current fuel prices in Belgium... Diesel:   1,463 euro/liter    equals    8,039 $/gal Gas:      1,679 euro/liter    equals    9,226 $/gal LPG:      0,692 euro/liter    equals    3,803 $/gal And they're gonna keep going up in the following weeks... Just to put things back into perspective for you guys...

\]

Is your diesel the low sulphur kind because youres is considerably less than gas and ours is the opposite?

What can you expect, they have us paying a buck for a pint of water.

here is my logic, because i drive a diesel, people alawys question me why i drive a diesel, and i will from here on out, they always say diesel is more expensive than gas so why would i want one. here is my reply, you are roughly getting 20 mpg on gas, i get on average 45 mpg, so to go 45 miles it costs me 4.00 bucks for you to go 45 miles it costs you about 8.50....is this very hard to understand?....now if your getting 12 mpg, figure that out lol
the only way i ever get a raise is to cut down on costs, so driving the diesel was my raise for the year

When I got sent on my little vacation by Uncle Sam overseas in '04 diesel was cheaper than gas. I sold my F150 before I left, before I returned I ordered a new '06 diesel to be waiting my return. Diesel was now more than gas.
Ultra-low process had some to do with it but it's also the road tax we're paying, I get to pay the same road tax as a semi truck.
The upside is the mileage increase like Eric stated. With my 150 pulling my trailer I got 8mpg with my diesel pulling the same trailer on the same trip I get 16mpg.

OverMyHead wrote: In 1976 bread cost .30, today average is 2.28, an increase of 933% yet I never hear complaints about big bread profits.

Dave, you can buy bread at the local grocery store in their generic brand for about .99 our you can go to the Hostess outlet store and get it about the same price. I keep looking for the gas station selling day old gas for $1.79 or less. [;)] [;)] [;)]

Chalk that up to government regulation.there is a anti gas war law that sets the bottom price for gas (a certain margin above cost. This is designed to protect the little guy from a prolonged price war from a big player, but also eliminates fire sales on gas.

davidg wrote: Drill Baby....Drill!!!! We need to use our own resources instead of relying on OPEC! [/IMG]

10 4 David

On my way to the Hurricane flipping, I paid $4.04 the other day. I need to fuel up tomorrow and I'll see what it's gone up to. Damn, with the card $$$ limits at the pay at the pump, now it will defiantly be a two credit card fill up!