gas is up again

[BDMelon]

i just wish someday, we have a goverment for the people & not for just their lining they own pockets from pay off's from big (oil)companies. i will never see this in my life time or my son's I am glad to born & raise here, but this country is speading itself to thin, its time for this goverment to start collecting the money that is owe to us paid back, we have been to easy on some countries its time to get a little brazen, i know that their are a lot of people worst off then me, but if am feeling the bite in the pocket , what about them! if its getting tuff here ,I can not think of problems others are having. just 2 cents , blowing off steam, at $3.25 a gallon an going up, i do believe it will come down, but it will take its sweet time in going it!!!

[Andrew Mackey]

In the 1980s gas hit $1.29 a gallon. It was a record for the time. I worked at a gas station at the time and took care of the fuel records, as the fuel was rationed. Each station was regulated to 60% of the fuel per month for records kept for the prior 2 years - average. This meant if you sold 100.000 gallons per month, now you only got 60,000 gallons. When you sold out, you shut down the pumps until the next month came due. For the 3 years prior to the gas shortage, in the '80s my boss's station held the record for independant gas sales for gulf oil - northeast division. We exceeded 60,000 gallons a week! In fact we were told months before the rationing started that it was coming, on the QT. At the time the price hit the high, we were paying .44 a gallon, a profit of 85 cents a gallon. During the rationing, we were the only station that did not have to close the pumps, except for only 3 or 4 days over the course of a month, and that was dut to delivery screwe ups by the oil company. It costs the oil companies, now, $26 dollars a barrel (roughly 40 gallons?) to convert a gallon of crude into gasoline. I wonder what the profit margin is now that the stations are charging 3.05/9 a gallon now?
Andrew

[BobRR]

Id bet Bush or Chaney could tell ya! BobRR

[BDMelon]

Originally Posted by Andrew Mackey

I wonder what the profit margin is now that the stations are charging 3.05/9 a gallon now?

that is a good question i wish i could tell ya, but bush & is freind have nothing to do with it, i think if we broken up the oil hounds into smaller companies , prices may come down? i really don't think so,too many companies have when together, if seperated their would be gas wars on who would sell it the cheapest. possilbe good idea? (we are at the mecery of big business!

[Elden DuRand]

Here's my not-so humble opinion.

Since they ain't a-makin crude oil any more (just pumping out the tank), and we're so addicted to the stuff, it's only natural that, as demand soars and supplies slowly dwindle, the price will rise.

So far, we in the U S of A are still paying lower prices that most of the rest of the world.

Also, our economy is based on non-monopolistic supply and demand. The market determines the price of gasoline. If we decide to conserve (turn down the thermostat in winter, drive smaller cars and cut out some trips, etc.). The demand would fall and so would prices. That is, until the crude stops coming out of the ground.

Anyhoo - that's my opinion. Prolly wrong, but it's MINE!

Take care - Elden

[StevenG]

Hell you lads don`t do too bad over there, you should see how were getting "shafted" over here at the moment. Due to us being in Europe we have to use metric now, but a litre (approx 5Litres = 1Gallon) of petrol (gas) in this country is £1.61 & diesel is £1.84, NEARLY 80% TAX

[BDMelon]

so not to act stupid here , can you convert that to us dollars .

[Rudy]

According to the XE money conversion website, one pound equals $1.76 US so that makes it $3.24 per litre. Here in Canada i filled up for $1.09 Can. per litre, which is roughly $4.25 Us a gallon.

[Rudy]

sorry that should read $3.24 per gallon.

[Mike Monnier]

Actually it would be about $6.70 per gallon if the above conversion of 1 pound = $1.76 is true. There are 3.785 liters in a gallon. The only reason US gas is "cheap" compared to Europe is the difference in taxes. Our European friends are getting hosed by their governments.

[BDMelon]

Gas just dropped 15 cents today that's a shock 2.63