steveplym Posted September 12, 2008 Report Share Posted September 12, 2008 Just went up to get gas as a friend told me it was going up today. I filled up the company car this morning for $3.68. Now I just paid $3.99. Guess hurricane Ike is affecting the prices. Can't get a break either way. Hope everyone down in Texas and Louisiana are safe. That hurricane looks to be pretty dangerous. Thoughts and prayers out to everyone that will be affected by this storm. Quote Link to comment Share on other sites More sharing options...
greg g Posted September 12, 2008 Report Share Posted September 12, 2008 I got some for the mower at 3.69 this am, When I was finished mowing it was a 3.73. Pre IKE price gouging. in anticipation of damage to the refineries from the storm bearing down on the Texas coast. Quote Link to comment Share on other sites More sharing options...
John Mulders Posted September 12, 2008 Report Share Posted September 12, 2008 I noticed that milk is getting more expensive than beer. So I had to switch my beverage at lunch John Quote Link to comment Share on other sites More sharing options...
Alexander Posted September 12, 2008 Report Share Posted September 12, 2008 I paid 3.22 this evening in NJ Quote Link to comment Share on other sites More sharing options...
JIPJOBXX Posted September 12, 2008 Report Share Posted September 12, 2008 T Boone has an idea to change over part of our reliance on foreign oil with natural gas but I never heard of anybody talking about it. Seems to me that this is the way to go to get us out of the hands of our Arab friends. I just wonder if anyone thinking of building a high bread car that will run on natural gas and batteries? Quote Link to comment Share on other sites More sharing options...
Suddensix Posted September 12, 2008 Report Share Posted September 12, 2008 Just drove home and gas is $1.23 per litre ($4.92 per U.S.gal.) by morning it's expected to be $1.30 per litre or $5.20 per U.S. gal. The last time we had a hurricane in Toronto was Hazel in 1954. Keep safe all of you in Ike's path. Quote Link to comment Share on other sites More sharing options...
old woolie Posted September 12, 2008 Report Share Posted September 12, 2008 How can a hurricane affect the price of gas that is bought and paid for and is already in a storage tank? Quote Link to comment Share on other sites More sharing options...
PatS.... Posted September 12, 2008 Report Share Posted September 12, 2008 We were told to expect a 12 cent per litre price jump OVERNIGHT because of Ike. Soon when your President passes wind, gas prices will go up. It's getting MORE ridiculous than it already IS Quote Link to comment Share on other sites More sharing options...
Plymouthy Adams Posted September 12, 2008 Report Share Posted September 12, 2008 We had a slight increase..I filled up on the way home at the local Wally world pump for 3.68..I go there for it is close to work, has more pumps available to use and newer station in town so less likely of getting more water than gas..plus it seems they are always the lower priice and less likely to gouge like the others in this area..and prices can vary here some 30 cents in a five mile stretch.. Quote Link to comment Share on other sites More sharing options...
steveplym Posted September 12, 2008 Author Report Share Posted September 12, 2008 Well supply is going to be down tonight in Southern Illinois. Some stations in neighboring towns have raised the price to $4.85 already so this area went nuts and started lining up at the pumps. I went uptown at 10:30pm and cars were still waiting in line with lots of 5 gal. gas cans in the back of their trucks. Word is after midnight it's going up to almost $5 everywhere around here. Probably just a rumor and some of these stations could be charged with price gouging, or I could be wrong. Pat' date='Don't want to get political here, but it really doesn't matter who is President or who is in congress. Gas prices are not controlled by the government. It's supply and demand that controls the prices. The people who control supply and demand are you and I and everyone else. So.........if we burn less, prices will drop. That means everyone should park their gas guzzlers and buy cars that get better gas mileage, or take public transportation.[/quote'] Quote Link to comment Share on other sites More sharing options...
greg g Posted September 12, 2008 Report Share Posted September 12, 2008 CNG is probably going to get more popular. Currently, refuelig and range are problems that need to be worked on. With a low pressure recharge system it takes overnight. If you have access to a highpressure (read faster as well) recharge system it takes about 3 hours. great fo busses and vehicles that operate in a limited area but makes distance travel problematic, unless Holiday Inn express starts popping up with overnight plugins. That said the range issue comes into play. Currently Honda has some CNG Civics in Commercial and governmetal fleets and in the hands of some Honda emploees. I have it from a Honda engineer who drives on the most hea has ever achieved on one fill was 230 miles. If you had to start lookig for a high pressure refill facility then wait 3hrs, it doesn't make for effective travel. Quote Link to comment Share on other sites More sharing options...
YukonJack Posted September 12, 2008 Report Share Posted September 12, 2008 In Chicago tonight I paid 3.95 a gallon, less than a mile away in the suburbs where gas is usually cheaper it was 4.15:eek: Why does gas go up in price 20 cents or more overnight but only goes down a few pennies. Everyone here is so use to gas being over 4.00 that for anything under 4.00 they act like it is being given away and line up at the pumps. Quote Link to comment Share on other sites More sharing options...
YukonJack Posted September 12, 2008 Report Share Posted September 12, 2008 Pat' date='Don't want to get political here, but it really doesn't matter who is President or who is in congress. Gas prices are not controlled by the government. It's supply and demand that controls the prices. The people who control supply and demand are you and I and everyone else. So.........if we burn less, prices will drop. That means everyone should park their gas guzzlers and buy cars that get better gas mileage, or take public transportation.[/quote'] I disagree, the price of a barrel of oil is controlled by options and futures traders who are making a bundle. During the summer there were noticably fewer cars on the road and at gas stations and that didn't lower gas prices. Quote Link to comment Share on other sites More sharing options...
PatS.... Posted September 12, 2008 Report Share Posted September 12, 2008 Pat' date='Don't want to get political here, but it really doesn't matter who is President or who is in congress. Gas prices are not controlled by the government. It's supply and demand that controls the prices. The people who control supply and demand are you and I and everyone else. So.........if we burn less, prices will drop. That means everyone should park their gas guzzlers and buy cars that get better gas mileage, or take public transportation.[/quote'] Norm, I just meant that beyond supply and demand (Ike hasn't done anything yet...he might not) they now up the price when something catastrophic MIGHT happen. How long untill they consider the Presidents farts catastrophic? Or who's doing what under his desk? Supply and demand I understand. (more refineries would cure that) Price hikes for something that MIGHT happen, I don't. Quote Link to comment Share on other sites More sharing options...
John Mulders Posted September 12, 2008 Report Share Posted September 12, 2008 stop it! Next two weeks I am having a vacation in California, driving around so please do not talk about higher prices ! John Quote Link to comment Share on other sites More sharing options...
Andydodge Posted September 12, 2008 Report Share Posted September 12, 2008 I paid $1.55 per litre this morning here in Australia, @ 4.25 litres per Oz gallon thats $6.58 per imperial gallon.....dunno what that is in US gallons.......this was for basic unleaded crap fuel......and its $1.70 per litre for the 98 octane I put in the 40 Dodge(318 V8 etc).......oh joy, oh fun.........lol.......andyd Quote Link to comment Share on other sites More sharing options...
BobT-47P15 Posted September 12, 2008 Report Share Posted September 12, 2008 On the corner not far from our house, it is $3.29. However, when I stopped in last night on my way home from supper.....they were OUT of regular. Still had the more expensive higher grades. Don't know what other prices are in town at this writing.....probably going up like everywhere else. Quote Link to comment Share on other sites More sharing options...
55 Fargo Posted September 12, 2008 Report Share Posted September 12, 2008 Here in the Heartland Of Canada, the gas prices are $1.47 per litre, 3.85 litres per US gallon, minus the 6 cents on the lower Canuck Buck, you have 5.31 US per US gallon for Gasoline in the Winnipeg area.............Fred ps this absolute BS, the oil companies are looking for anything to raise the price of fuel, and I do understand "supply and demand", I do not underunderstand "Demand all you can", as what has been going on lately Quote Link to comment Share on other sites More sharing options...
dirty dan Posted September 12, 2008 Report Share Posted September 12, 2008 The refineries and oil rigs in the path of the storms shut down for safety reasons. When you shut down all the refineries in southwest Louisiana and southeast Texas, you are shutting off @ 35% of the US refining capacity. Hurricane Gustav alone shut down 12% of the nation's refining capacity just in the Louisiana corridor. Add to that the Chevron Pascagoula refinery and you're probably closer to 17-20% of the nation's refining capability. When the market traders see a shortage of gasoline and diesel/fuel oil coming, then the prices rise accordingly. None of this pricing is controlled by the US government other than whats released from the SPR in Louisiana. Personally, I don't want the US government setting oil prices. BTW, in Baton Rouge this morning, regular unleaded was 3.529 per gallon. Quote Link to comment Share on other sites More sharing options...
bobby horne Posted September 12, 2008 Report Share Posted September 12, 2008 On Mapquest is a section for finding the price of gasoline for any city or area code.......I check the price of crude each morning on the Bloomberg website also....Oil is going down, $100.87, but gasoline can go up if the oil companys come up with any excuse like a hurricane, etc...Different oil companys charge close to the same price for gasoline, but do not pay the same for crude, since some oil companys get their oil from south american countries, where crude oil is cheaper............. Quote Link to comment Share on other sites More sharing options...
Suddensix Posted September 12, 2008 Report Share Posted September 12, 2008 In my opinion it's price gouging plain and simple on the part of the oil company's. Want prices to come down then stop buying fuel. Once they have more supply than demand the price will drop. Quote Link to comment Share on other sites More sharing options...
48mirage Posted September 12, 2008 Report Share Posted September 12, 2008 A lot of the volatility is that futures market. People betting that the price will go up everytime there is something in the news. You want to slow that down limit the futures market to those that can actually take delivery of the product instead of letting all the paper traders(traitors) sp? control the price. Quote Link to comment Share on other sites More sharing options...
Niel Hoback Posted September 13, 2008 Report Share Posted September 13, 2008 I used to believe that crap about oil futures driving gas prices. In the last week oil has dropped to $100/barrel, while at the same time gas at the corner station here, 30 miles from Whiting Indiana, one of the largest refining sites in the midwest, has gone from $3.789 to $4.099. That disproves the futures theory. The radio news today explained that the reason was convenience stores lost money last summer and now they are trying to catch up. Believe what you want, but there is the proof. Sign me "Steamed" Quote Link to comment Share on other sites More sharing options...
Rodney Bullock Posted September 13, 2008 Report Share Posted September 13, 2008 I saw on the news here that some of these lobbyist were trading sex and doing some conflict of interest stuff with the oil companies. They are investigating. I wonder if anyone will do time. It's a shame that people find some kind of way to screw things intentionaly, housing scams, savings and loans, now fuel. Folks do this because there are no concequince for there actions. "oh it will just blow over" people are stuck with it. The guy down the street from mt went from 385 to 429 and he thought the other stations would follow suit. They did not. yesterday he was very lonely:D I stopped in for some soda and a suzy Q:D good eating! Quote Link to comment Share on other sites More sharing options...
Don Coatney Posted September 13, 2008 Report Share Posted September 13, 2008 I used to believe that crap about oil futures driving gas prices. In the last week oil has dropped to $100/barrel, while at the same time gas at the corner station here, 30 miles from Whiting Indiana, one of the largest refining sites in the midwest, has gone from $3.789 to $4.099. That disproves the futures theory. The radio news today explained that the reason was convenience stores lost money last summer and now they are trying to catch up. Believe what you want, but there is the proof. Sign me "Steamed" Neil; Did they not explain the "IKE" was headed to Indiana and they raised gas prices in anticipation? I am sure that IKE is also responsible for increases in gas in Canada, Europe, and Austraila too. Quote Link to comment Share on other sites More sharing options...
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