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Old 08-31-2005, 10:45 PM   #29
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This all makes my 2.54 for diesel at the little Shell station in Ashland sound wunnerful
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Old 09-01-2005, 12:44 AM   #30
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You know, I recall a little rise in gas prices last year after the huricanes that hit Florida about this time of year, but nothing like this! And that was just a temporary rise. It just goes to show that the gas station owners are gauging us. There is no excuse for what has happened today.

I was planning to meet some buddies for lunch today about 30 miles from home so I filled up yesterday so I wouldn't have to today on the way. Boy am I glad I did. I had 10 gallons in the tank and it took more than 23 gallons to fill it up. At $2.599 for diesel it still took $61.00 to fill up. Imagine what it would have cost if I waited just 24 hours! More than $70 that's what.
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Old 09-01-2005, 02:04 AM   #31
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Regular $2.68 on Wednesday morning and $3.29 Wednesday night...

Someone's getting rich.
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Old 09-01-2005, 02:42 AM   #32
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Holy cow Janet !! I wish you were kidding, but I bet you aren't. Grrrrrrrr.......
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Old 09-01-2005, 05:03 AM   #33
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Quote:
Originally Posted by Janet
Regular $2.68 on Wednesday morning and $3.29 Wednesday night...

Someone's getting rich.
I guess we are lucky, yesterday morning, it was $264, only $2.99 this AM. I am always amazed that pirices can take a jump when the filling station has NOT yet sold what is in the holding tank
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Old 09-01-2005, 05:26 AM   #34
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The morning news here in Tampa just said that $4 per gallon is coming our way pretty soon... and that we will have a shortage here. It's the 70's again! I just wish my trailer was in as good a shape now as it was in 1972!
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Old 09-01-2005, 07:40 AM   #35
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Crude $69.18 via Bloomberg at 8:40am.
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Old 09-01-2005, 07:55 AM   #36
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The day before yesterday, it was $2.60 here in Ohio. The very NEXT day $3.09. That's a $.49 increase in one day! They say we'll be at $4 by December. Merry Christmas! I reported the local Speedway to the US Dept of Energy.....then I called the Speedway and told them so! When I asked him the reason why his gas was $3.09/gallon, he said that's what "they" e-mailed him that morning. Turn them ALL in here:

http://gaswatch.energy.gov/

This is getting insane. My wife works in a neighboring town and she's going to have to get a job here to be able to afford to work! How crazy does that sound? Can't afford to work?!?!?!?

My $3.09 worth.
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Old 09-01-2005, 08:54 AM   #37
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It may be short-term price gouging, but this is where things are headed in the long run (Doom? Gloom? Have a seat.) The world's ever-increasing needs are simply overtaxing the production capabilities, and therin lies the problem. I heard an interview on NPR (insert "liberal" insults here) from a very well-informed man, (an advisor-type guy who's gone to all the Arab countries and inspected their rigs on behalf of U.S. gas companies) and in his opinion, the production levels has just about "peaked" meaning they can't pull more barrels out per day than current numbers. That's a really bad sign.

He went on to explain that when you can't pump at a faster rate anymore, it's nearly always a sign that the reserve is sightly more than half gone. (Something to do with the pumping methods, and the fact that it's not like a straw sucking from an underground lake, more like squeezing moisture from a sponge.) And the reserves he was talking about are the highest concentration of oil in the world, about all of the middle east. The Arabs won't admit to any of this, theoretically because they don't want to create fear, which might lead to spending money to develop alternative fuels. Oil is their only bread and butter. Would you want to cast doubt in the minds of people buying your product?? On the other hand, maybe this guy is Chicken Little. (Wanna take the chance, and NOT develop an alternative?)

So I don't think gas prices are going back down, this isn't "That 70's Show." Things will, perhaps, stabilize and return to the slower rate of price increases. IMHO

Hey, you know all those people who've said for years that anyone towing an Airstream must be a millionaire? In ten years, they may look like prophets!
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Old 09-01-2005, 09:20 AM   #38
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prophets....not profits.
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Old 09-01-2005, 09:32 AM   #39
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Just for grins, I called a few propane distributors yesterday and asked for the per gallon price, to fill an RV tank. Got prices ranging from $2.20 to $3.40 a gallon in the Gainesville area. Flying J is still under $2 in just about all their locations.
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Old 09-01-2005, 09:37 AM   #40
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Quote:

guess we are lucky, yesterday morning, it was $264, only $2.99 this AM. I am always amazed that pirices can take a jump when the filling station has NOT yet sold what is in the holding tank
Hmmm. The BP near my house was $2.43 last night at closing time. It was $3.09 this morning. Pretty sure they did not take a tanker overnight (since they were closed).

What do you think?
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Old 09-01-2005, 09:45 AM   #41
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Quote:
Originally Posted by sovereignrwe
Gas in the Twin Cities and surrounding communities ranges from $2.669 to $3.199 at the moment.

When the next round of Qtrly Performance reports come out to the stock analysts, I hope that I don't hear "another record Qtr" for oil company XYZ.

It would be such a shame to see tens of thousands of people suffering from Katrina, to see so many of the rest of us in the country sending our financial support, and then to see the oil companies receive a windfall at all of our expense.
Less than 12 hours later......Gas in the Twin Cities and surrounding communities ranges from $2.539 to $3.799 at the moment.
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Old 09-01-2005, 10:02 AM   #42
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The station closest to my house went from $2.69 to $2.95 overnight. The Suburban has a 38 gal tank, thats what..... a little over $112.00 to fill it. My sons school is 45 min. in each direction. Guess my wife will be doing the driving in her VW beetle. I have a feeling prices are not going to be going down.... ever. I have to agree that production has peaked. Oh there may be an increase here and there at certain oil fields in the future but demand is far out pacing supply. For those that think is just a big conspiracy, dream on .
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