Price of Gas (2 Viewers)

[Hutch]

On MSNBC yesterday it said that the average price for gas across America
is $2.88.

Consider yourself lucky that you don't live in the United Kingdom.

Gas (we call it petrol) is approx $8, yes that's correct $8 A GALLON.

l don't own a car as where l live our public transport system is excellent and we also have a Rapid Transit System.

 

[mike cummings]

it's averaging $3.30 in Orange County, Southern California.

How much of the $8.00/gallon you are paying is going to taxes?

 

[none]

Just be happy that your car doesn't run on Starbuck's coffee.

Alan

 

[Hutch]

How much of the $8.00/gallon you are paying is going to taxes?

80% is in taxes.

 

["Dr. Dirt"]

l don't own a car as where l live our public transport system is excellent and we also have a Rapid Transit System.

The demographics are so very different. While your entire country could fit neatly into many of our single states, we are much more spread out. With very few big-city exceptions, everybody here needs a vehicle to exist within our culture.

Consider yourself lucky that you don't live in the United Kingdom.

Every single day without exception.

 

[mike cummings]

80% is in taxes.

you guys should do something about that.

 

[Terry]

you guys should do something about that.

I hear that tossing some tea in a harbor somewhere might do the trick....?

 

[yoda]

...l don't own a car as where l live our public transport system is excellent and we also have a Rapid Transit System.

You guys have old Cudas and RoadRunners over there????

 

[Jenn]

Just be happy that your car doesn't run on Starbuck's coffee.

Alan

It's bad enough that I run on starbuck's coffee!!!

 

[Jenn]

You guys have old Cudas and RoadRunners over there????

Don't forget the Challenger!

 

[Kelly Raquipiso]

Just be happy that your car doesn't run on Starbuck's coffee.

Alan

That's what I keep saying, but folks around here seem to be too slow to get it. Oddly, they're the same people complaining about "those people who only do 60mph on the interstate". Is it a myth that fuel consumption increases as mph increases? For some reason, I think people doing 90mph in lifted pickups on big mud tires aren't getting very good mileage.

 

[UK_Nitro]

The demographics are so very different. While your entire country could fit neatly into many of our single states, we are much more spread out. With very few big-city exceptions, everybody here needs a vehicle to exist within our culture.



Every single day without exception.

Next week John will be comparing prices of Ice Tea.

I enjoy living in England Bobby, it's all down to what part of the country you live.

 

[Hutch]

Next week John will be comparing prices of Ice Tea.

I enjoy living in England Bobby, it's all down to what part of the country you live.

No l won't.

l was born in Gateshead and l'll live here for the rest of my life

 

[yoda]

Just be happy that your car doesn't run on Starbuck's coffee.

Alan

Something that bugs me is when everyone compares the cost of gas to things like Starbucks and bottled water... With the price of gas up over 80 cents in the past 12 weeks, can anyone name another product that can increase its cost over 30% in such a short time?

And if they did, would the public continue to be patrons of that business? If your grande mochalattefrappacrappa went from 3 bucks to 4 in a few weeks, wouldn't you just go back to hogging the pot at work? Or look for another coffee outlet that has more reasonable pricing? That can't be done with gas- when one goes up, everyone seems to follow along. And when was the last time you saw the price of a cup of coffee affect the cost of a gallon of milk? Or whether or not you could go on vacation?

And now that the companies admit charging more for gas during the summer travel months (and more for heating oil during the winter ), followed by their multi-billion Quarterly profits reports, would you stand for the same slap in the face by Starbucks, Pepsi or McDonalds?

 

[Paul Berglund]

Well let's see...I paid $3.07/gallon this week.
Our culture and society has drastically changed since years past also.
Most people live no where near their job so driving a car is a fact of life.
I drive 50 miles one way to work...by choice. The trade off of where I live is well worth the commute. I do agree that the price of fuel is ridiculous...it seems to fluctuate without cause. Working in the commercial aviation industry I see the first hand effects of fuel costs. Fuel is our single most costly expense, recently passing labor. It is what drives our corporate strategy.
The funny thing about gas is this....if they dropped the price to $2.50/gallon we would all jump for joy. But we would still be paying $2.50/gallon!
I have to say that the oil companies have us all by the knutesons!

And Alan that remark about Starbucks was just too much!
You slay me!

 

[willy]

No doubt about it, Paul.

And when all the oil companies are reaping record setting profits..it hardly seems justified.

 

[Bob]

Something that bugs me is when everyone compares the cost of gas to things like Starbucks and bottled water... With the price of gas up over 80 cents in the past 12 weeks, can anyone name another product that can increase its cost over 30% in such a short time?

And if they did, would the public continue to be patrons of that business? If your grande mochalattefrappacrappa went from 3 bucks to 4 in a few weeks, wouldn't you just go back to hogging the pot at work? Or look for another coffee outlet that has more reasonable pricing? That can't be done with gas- when one goes up, everyone seems to follow along. And when was the last time you saw the price of a cup of coffee affect the cost of a gallon of milk? Or whether or not you could go on vacation?

And now that the companies admit charging more for gas during the summer travel months (and more for heating oil during the winter ), followed by their multi-billion Quarterly profits reports, would you stand for the same slap in the face by Starbucks, Pepsi or McDonalds?

Bottled water isn't a commodity, but coffee is (as is oil/gasoline), and there have been occasions in the past where its base price (beans by weight) has risen more than 30% in three weeks. Other commodities have also experienced dramatic increases in short time frames.

Oil and gasoline prices are highly influenced by several factors. One is the futures market, a zero sum economy (one of the few {only?} in existence on the planet). For those who might not know, a zero sum economy means, for every dollar someone makes, someone else loses a dollar. Makes me wonder how Hillary made $100K on a $10K investment in beef futures, but that's another topic for another day. Speculation on future prices can drive real market prices up, and do so very quickly.

Another driving force (not the TV show) is the instability of some of the regions on the planet that are the sources of oil, and activities occurring within those regions. Venezuela is a prime example. Hugo Chavez has just about completed the Nationalization of the entire oil industry in his country. What that means is, all of those greedy oil companies have ceded up to 60% of their operations to a socialist dictator. It was that, or he'd just take over the operations and their assets, and kick the companies out of the country with the companies losing billions of dollars more than they have by reaching a cooperative agreement with the dictator. Isn't socialism wonderful?

 

[yoda]

Nice post Bob...

 

[Nitrohelper]

And when all the oil companies are reaping record setting profits..it hardly seems justified.

The news media likes to quote billions in profits, but Exxon only made around 10% profit ( I own the stock), They have billions of dollars at risk in countries that could throw them out tomorrow.
How about the percentage made by Microsoft or McDonald's ?
What is the risk in making Coke (Pepsi?), bottling water or a $4.00 cup of coffee?

I think we should be growing crops for fuel instead of sending our money overseas to support people that want to hurt this economy. I lived in Muslim countries for five years, we are blamed for all their problems because we are so rich and fat.
China is using the profits from our trading to secure long term oil contracts with producing countries that don't like us. What will we pay for gas when two or three countries shut off the USA from the crude supply?
More of our supply comes from Venezuela than Saudi , Hugo is working toward cutting us off to show the world how strong he is ,and to hurt our economy. If he continues on this path ,we could see 1973 and 1981 again.

 

[willy]

I understand, Jerry. But when the price raises 15 cents overnight..I have a hard time..considering the gas that's already in the ground didn't cost anymore.