I paid on 11-30-11 3,43/9 and today 12-14-11 it
was 3.23/9 quiet a change around here. This was at my local ARCO. Hope it keeps going,Down that is.
Today in St. Louis the price went from 2.95/9 to 3.19/9. With oil as high as it is I do not know why gas is this low.
I learned just this year that we import refined gasoline from Europe. It's even listed with all the other commodities.
There is new crude oil production in the USA. This is due to new technology such as hydraulic fracturing, horizontal drilling, and new technology to identify oil bearing rock. The new production is in old, developed fields. Lots of new natural gas too. It is just possible that the USA will become an oil and gas exporting nation in a few years. The crude oil here is about $30 per barrel cheaper than the stuff from overseas, and higher quality. The in-ground reserves here in the USA are far under rated.
This raises some interesting issues. Should the US save its oil for itself, should everyone go out and buy a gas-guzzler, what will happen to hybrid and electric cars, what will happen to alternative energy, and what will happen to gasoline prices?
The new pipelines that you have been hearing about are to export oil and gas, not import it.
Some oil tanker companies are going out of business as the flow stops before it reverses.
Try to buy a qt. of oil. Motorcraft at Advance Auto Parts $4.99. Took it to the dealer and they changed my oil cheaper than I could buy the oil and filter.
Diesel is in greater demand worldwide than gasoline. Most European cars are diesel. There is a "surplus" of gasoline which is why it is less expensive than gasoline.
Gas is $4.49 for super at the regular stores in So. Cal. because of unions and illegal aliens. Diesel is a high as $4.69 a gallon.
We got some super gas at Costco today at #3.59.9 and diesel is on special at $4.09 at our Shell station.
Almost went under $3.00 here last week. Up now to $3.05
I use this link to keep a check on things.Oil was down to 75 or so a barrel not long ago.Wholesale gas slowly went down,aint gone back up.
Oil has dropped a good bit just today.From a 100 to the the mid 90s
I paid 3.12 for gas yesterday at a station about 20 miles from here.it is 3.23 localy.Annoying for sure that there is allmost a quarter difference just a short distance away.
The best price I could find tonight in Hayward (just south of Oakland on the Sanfran sico bay) was 3.43 for regular at an Arco. Most are charging around 3.55 for regular
It was 3.11 a few days ago. I haven't seen it since.
Here in Oklahoma, gas can be found as low as $2.78 to $3.00
Gas in 1960 sold for 25-30 cents a gallon. New cars sold for $2500. Now gas here, Dallas, TX is selling for $3.00 a gallon, new cars cost $25,000. In real terms gas has not gone up excessively.
Nevertheless I don't like paying so much for it, especially when a large portion of what I spend ends up in the hands of people that don't like us.
Paid $3.20 here in Oregon today but the next town over has it for $3.59. I watch the trading price of Oil and gas at Bloomberg's energy site. Have been for years.,
Interesting to see the pattern of up and down over a period of time. You'd think the wholesale price of a gallon of gas would some how be associated with the cost of a barrel of oil but it really isn't. Right now, the wholesale price price is about $2.52 per gallon while the barrel of oil has has stayed $95 - $100 for awhile.
A couple months ago the cost of a barrel had dropped into the $70+ range but the price of a gallon of gas was well over $3.00 wholesale.
But I never get too worked up over the price of gas. Think about it. Even at $4 per gallon, it's still by far, the cheapest way to get any where by any method other than walking. Can you imagine if the settlers could have paid someone $30 to take them 350 miles on their journey? And get there in a matter of hours instead of weeks?
We travel cheap.
Some of the technology you speek of were around in the 70's and 80's when I worked for Mineral Management Service ,Gas and oil leasing in Alaska. The oil Co. hold meny oil field leases and are sitting on them , there is no requirement that thay have to do any thing with them and the government gets a large lease bid all in cash on the barrel head. As long as the oil co's can rase the prices and make billions why do more.
And the biggies pay zero US income tax, but get lots of tax handouts - welfare, if you will.
hey, You guys over there are still OK it's $5.30 or so in Australia. Hope it keeps low for you all, Merry christmas and long run our T's. cheers
At Ricks....I hope they continue to get the incentives to produce this cheap energy.
I lived in West Germany throughout most of the 80s. Those poor suckers were taxed to death by their incredibly socialist government. Even then a gallon of gas was almost $4 then.
And on top of that, they were taxed to DEATH on everything else. (A radio antenna on your house was taxed)
I'm ok with $3 for a gal of gas in 2011 and I'm even ok with a company making a profit on that gallon of gas.
It's pretty naive to suggest that those companies aren't paying taxes.
Largest US Corporations:
No. 2: ExxonMobil
Sales: $311 billion
Pretax income: $37.3 billion
Income taxes: $17.6 billion
Tax rate: 47%
None of ExxonMobil's income taxes were paid in the U.S. In 2008 the company's income tax bill was $36 billion.
And then of course there's Jeffery Emmelt and General Electric, right?
I retired 3 years ago. I worked the combat (overnight) shift in a Shell Station/C-Store. A couple months back, my ex-boss asked me if I'd like my old job back, he decided he liked the idea of having somebody who was always on time and never drunk, even if I did beat the crap out of a shop lifter, now and then. What the heck, I'm dumping money in that Rambler even faster than I did in "Lizzie", so having a couple hundred bucks in my wallet all the time, comes in handy.
You'd think working in a gas station, I'd be able to tell you what the price of gas is around here but I can't. I think it's in the $3.30-$3.40 a gallon range.
$2.669 on Cerrillos Rd (main drag of Santa Fe NM).
$3.239 at a Citgo in Homosassa, Fl.
I have a phone app called Cheap Gas. As of today, the cheapest near me is Sam's Club at 3.14, followed by eight stations at 3.17. On the other hand, I just did a currency and measure conversion, and super unleaded in Holland is $8.58 a gallon...
Since a significant portion of any gas price is taxes, it's not really fair to compare gas prices from one country to another or even one state to another. It's all about what one receives for their tax dollar and what other taxes and expenses they don't have to pay. You may live somehwere with really high gas prices but have free medical care. You may live somewhere with really low gas prices but have have really high property taxes. You may live somewhere with low gas prices, but exhorbanant (Sp?) medical insurance premiums. This is not to say that gas taxes of any certain country go directly toward health care. I'm only saying there are all different costs of living and incomes and such as that and just comparing one thing such as gas prices without looking that the whole picture is like comparing apples and oranges.
Well said, Hal. I'm impressed that Danial have lived for so long in Germany and not figuring out how the German (or most other Northeuropean) society works.
At the end of the day you may call it various things and pay either to government or another large inefficient but private organisation. Whats matter is what you get out of it at the end. And then there is not much difference. There is always a bill to be paid one way or another.
(And believe me - I work for a large US company so I know very well how bureaucracy can be in a large private organisation)
Well all I know about German Society is that EVERYTHING cost a lot more and you got a lot less. It was easy to figure out at the end of the day when I looked in my wallet.
Maybe much of that German gas price was in gas taxes. They did have the smoothest highways I was ever on. Now streets in the towns and cities was another matter however...
How much of the price of our gas is hidden in taxes to pay for our miliitary to police the Mideast?
As the son of a Swedish father and a German mother, I lived in 6 European countries before moving to Florida in 1986 and finally to California in 1991.
As a car collector who enjoys driving his cars, I benefit greatly from the lax vehicle laws and dirt cheap gas here in the U.S., but I'll tell you what: I would not hesitate to pay $2.50 more per gallon if that would get me Canadian or European style healthcare. I'm an ex pilot, ex race car driver, healthy as an ox, but have to pay almost $2,000 per month for crappy health insurance. Even if I had to pay $6.50 per gallon (which is still a joke compared to European prices), I would be ahead financially at the end of the day.
Nothing in this world is just either black or white, nothing just good or bad, and nothing is really free anywhere.
$3.22 in West central Florida as of yesterday when I gassed up the '56 Ford.
Big companies hire people which pay taxes. I own a decent size company and believe you me I paid a lot more corporate and personal tax before this war against businesses than before. Many times more. I also employed a LOT more taxpayers.
more before than you did before??
Better read that post again Vince, i'd like to know which way you intended it.
I know there are exceptions, but in a lot of Eurpoean communities and even in places like NYC, people are able to get around without driving. Some never even get a license. You can either walk or take the train to work, school, the store, whatever. We have to drive 4 miles to get to a grocery store, 8 miles to get to a decent grocery store, 3 miles to a hardware store, 27 miles to work. We have no trains or buses in my area. Things are different in different places.
"Than after". Sorry
If I wanted a European style economy I'd live in Europe I suppose...grin..
Today diesel fuel dropped below $4.00 a gallon for the first time in over a year. It's $3.99 9/10 a gallon. Gasoline at Costco is $3.39 for regular and $3.59 for super. Full service stations like Mobil are charging as high as $4.03 9/10 a gallon for super and $4.69 9/10 a gallon diesel. Welcome to California were everyone gets free medical care if they can't speak English.
Here in Adelaide we have about a 10 day cycle where fuel varies from about $1.31/l to $1.53/l. For our US counterparts with small gallons this equates to $5.24 - $6.12 per US gallon depending on time in cycle, supermarket docket rebates etc. Diesel is always around $1.51/l or $6.04 per US gallon. Think yourselves lucky your fuel is sooooo cheap. At least registration is relatively inexpensive for us with every historic vehicle costing about $120 per year.
What about power bills? Our electricity bill is about $600 per quarter with our state government saying further 40% rise in the next 3 years...Dave C.
It's my understanding that to refine fuel oil they must also refine gasoline as a byproduct from the same crude oil. So in cold weather when the driving is down, they still make gasoline because they are refining more fuel oil. Therefore, the gas price goes down in winter and up in summer. At least that's what they say.
I'm just going on what I've read too, but if I understand correctly, for any given crude, there will be a set amount of each product that will be distilled from it. This much gas. This much diesel. This much asphalt. Etc. However, they know these amounts ahead of time and can pick and choose which crude they want to refine when. Therefore, they can wait and refine the crude that will yield more heating oil when the demand is higher for heating oil. At least that's what I've read. Certainly no expert on this or anything else for that matter.
Here in my area we pay for Chicago transit, although we do not get the use of any of it. We drive close to 30 miles for anything other than McDonalds or the local grocery store and hardware store. There is no mass transit here. I moved from the city to get away from city life and figured this is the price one pays for that. As Hal said, there are a lot of amenities here that are not found in the bigger cities and vice-aversa.
Filled up tonight at a company affiliated EXXON in Houston area for $2.99/gal. Saw it for $2.97/gal, yesterday