Ready for $4+ gas??

[Dragonrider]

I stopped to fill my RAM last night, and diesel was at $4. Kid pumping the gas (illegal to pump your own here), said it would be $4.159 today, with the other grades close behind. THAT will limit my traveling this summer!!! :gaah:

 

[bobbobtar]

Filled the Chevy with diesel yesterday at Wally World $3.45 a gallon, most of our oil comes from Canada, gas just went to $3.19.

 

[Roger]

Around here it's about $3.25 glad i got the 2011 camry hybrid I have been hearing the samething gas $4.00+. People laughed at me for buying a hybrid well whos laughing now. Here comes the domino effect fuel prices up food prices go up and anything else delivered by truck?

 

[Questions]

I am glad gas here in Woodbridge, VA is still $2.99 to $3.15 a gallon. My Prius saves a ton of gas compared to my '04 Armada! hyea:The Spyder is still costing $13 for a full tank of gas.

 

[Eraser]

Filled the Chevy with diesel yesterday at Wally World $3.45 a gallon, most of our oil comes from Canada, gas just went to $3.19.

We are at $4.16 Can.,and it comes from here??????More than 1/3 is taxes.:gaah:The oil companies will get the BP clean-up money back because of the crisis in Libya...sort of like winning the lottery for them!!:cus:

 

[GypsyBill]

Filled up my Ford F450 yesterday to the tune of $95 (3.40/gal).. we are full time RV'ers and the 450 is our only "cage".. luckily we are parked at our "home base" (our property) and can stay parked.. guess I will start running up the (s)miles on the Spyder as it becomes our grocery-getter as well as our fun machine... glad I got the Spyder (for more than one reason now) when I did. Now I need to figure out at what point do fuel prices warrant the acquisition of a matching 622 trailer and we leave the 17,000 lb 5th wheel parked when we travel... (only get 9mpg pulling the 5th wheel with the 450).

 

[BajaRon]

We are at $4.16 Can.,and it comes from here??????More than 1/3 is taxes.:gaah:The oil companies will get the BP clean-up money back because of the crisis in Libya...sort of like winning the lottery for them!!:cus:

The oil companies employ tens of thousands of people and work very had at what they do. After it's all said and done they make about $0.04 per gallon for their efforts.

States make between $0.06 and $0.32 per gallon (average is about $0.20 per gallon). This is 1-1/2 to 8 times what the oil companies make off a gallon of gas.

The Federal government makes over $0.18 per gallon (about 4-1/2 times what the oil companies make).

These government agencies don't explore, drill, pump, refine distribute, or operate any stations. They just collect. And these amounts don't include typical local taxes of $0.03 - $0.10 per gallon.

In New York, if you took out the tax you'd be paying about $0.59 per gallon less. If you quit paying the BIG OIL companies you'd be paying just $0.04 a gallon less.

So where does the rest of the money go? To employees, corporate taxes (which is another big haul for government and shows up as increased prices at the pump because companies do not pay any tax, they just collect it from you and I for the government), then there is the expense of company operations and a big chunk to the Arabs for product since we can't drill here in the US.

It's easy to blame the oil companies, but being easy is really about as far as that will go.

Did you know that the Federal government, as well as most states and local governments, raised the tax rates on fuel in January?

If you had a business, wouldn't you expect to make at least as much off of it as the government did?

 

[flamingobabe]

BajaRon....you are so correct!!!! It's not big oil companies...it's big governments... we need to "Drill Baby Drill"

 

[Eraser]

BajaRon....you are so correct!!!! It's not big oil companies...it's big governments... we need to "Drill Baby Drill"

Should we have a tag day for the oil companies???Give me a break!!!!
I do agree however that the Governments are doing well by energy consumption,Canadian energy taxes are off the richter scale compared to yours...Approx.3x.

 

[Dochands]

People bitched at $1 and then accepted $2. People bitched at $2 and accepted $3. Now people will bitch at $3 but once again accept $4.

 

[Eraser]

I'll add one more and then walk....who raised the price of fuel this morning,the government or the oil company??!!

 

[NancysToy]

I'll add one more and then walk....who raised the price of fuel this morning,the government or the oil company??!!

Wall Street! nojoke

 

[Dragonrider]

North Sea oil opened at $110/bbl this morning, with the rest at $98/bbl - that's $4.10 gas already.. As long as India and China are willing to pay those prices, we will get hammered.

With the States and Feds unable (unwilling) to cut spending, those costs will rise as well - Plan on it.

While my X3 gets better milage than my Spyder, I have no intentions of letting it become a garage queen - - anyone considering changing one to run on propane??

 

[BajaRon]

BajaRon....you are so correct!!!! It's not big oil companies...it's big governments... we need to "Drill Baby Drill"

:agree::agree::agree:

They keep telling us it won't help to drill as it will take at least 5 years for a new well to get to the pumps.

I say 2 things to this...

1- It would take less than 1 year to get oil to the pumps if government red tape, designed to prevent all drilling in the US, were removed.

2- They've been telling us this for at least 15 years. Even if it did take 5 years to get to the pumps, we'd have been enjoying the fruits of or labor for 10 years if we'd have started when we should have.

Think about it. We could put thousands of Americans to work providing our own energy and quit sending billions to Iran, Lybia, Iraq, etc. Sounds like a great plan to me. But I must be in the minority, as usual!

 

[BajaRon]

Should we have a tag day for the oil companies???Give me a break!!!!
I do agree however that the Governments are doing well by energy consumption,Canadian energy taxes are off the richter scale compared to yours...Approx.3x.

Oil companies are not without issues. They are big so they have bigger issues. But they don't deserve the scape goat role they've been tagged with, that's all I'm saying.

 

[Dudley]

I'll add one more and then walk....who raised the price of fuel this morning,the government or the oil company??!!

The cost of oil is determined by the Futures Market. The basic cost of oil starts from OPEC (what they will sell it for), then the Futures speculators play with the cost in the Futures Market.. The oil companies have little to no control of the price of oil. The oil processing plants have to pay what the market decides, process the oil, extract all products associated with the processing, then we have the gasoline to run our engines. If the oil companies cannot make a profit, they cannot operate. If you want to really look at someone to blame, look at our government that doesn't want to drill because of squirrels, flowers, birds, etc. So we are at the point now, where it's pay or walk. We got ourselves there.

So in answer to your question, if the Futures price went up last night, the pumps went up this morning. The oil companies have no control on the Futures market...the fat cat Futures investors do.

 

[BajaRon]

I'll add one more and then walk....who raised the price of fuel this morning,the government or the oil company??!!

Producers are raising their prices as they see a big windfall in all of this termoil.

Oil companies have to pay more for their raw material and they either go out of business or pass the cost along, just like every other business in the world.

 

[Dragonrider]

:agree::agree::agree:

I'm not a city dweller, and don't want to be… think about our grandkids never being able to enjoy the freedom of motorcycle/Spyder touring?? Clean air? Anyone been to China lately?? All of that blows over here - scientific fact…

Perhaps the Hybrid Spyder has a solid place after all… :chat:

 

[BajaRon]

Wall Street! nojoke

Wall Street exists to bet on the future. And really, Wall Street is just a front man for investors all over the world, of which virtually all of us are.

If Wall Street guesses right they make money. If they guess wrong they lose money.

Since Wall Street simply reflects the mind of the majority of investors, it is obvious that most think oil prices are going to go WAY up.

So really, Wall Street isn't doing a thing except putting money where their clients tell them to put it.

 

[bikeguy]

I filled up my Ford Excursion diesel yesterday at Sam's Club in San Angelo, Tx for $3.399. Most of the stations were advertising diesel at $3.459 to $3.499.

I agree with most of what BajaRon says except that I'm not sure just where in the US we can't drill, certainly not here in west Texas. There is seldom a day that I don't see at least one rig pass my house and most of my rides on the Spyder I will see new locations going up and new wells going online. They are even drilling inside the city limits of Ft Worth, Texas and many of the suburbs around Ft Worth and Dallas although some, maybe all, of these may be gas wells instead of oil wells. I've been traveling to Dallas and Ft Worth for many, many years and never seen that before. It looks to me like, at least in Texas, New Mexico and Oklahoma, the drilling business is alive and well.

Cotton