Fuel Price hit $4.50 a gal.......

[Graphic man]

yeah thats right Reg. gas is around $4. 50 gal, in the Toronto area

I drive 100miles to work one way so i figure i will be around a $1,000 a month

for fuel, Diesel is holding at $3. 38 for now, we'll see in a few days,

i think its time to move closer to work :-laf :-laf



THANK YOU HURRICANE KATRINA :{ :{ :{

 

[C. Harlan]

is that $4. 50 USD?? or $4. 50 CND???



-Chris-

 

[Graphic man]

sorry thats CND funds



its around $1. 20 per Liter

3. 8L to the gallon the exchange rate is around 18% from US to CND

 

[DieselMinded]

$3. 33 here



DM

 

[Graphic man]

Diesel has stayed the same for now, but gas has gone through the roof

 

[JSellers]

Diesel has stayed the same for now, but gas has gone through the roof

Here in North Georgia, I see diesel prices rising right along with gasoline. Cost per gallon more than 87 octane, but lower than premium.



I filled my vehicles yesterday, and the stations were deserted - odd, since they're usually hopping around the time I commute home. Today, there's lines waiting on the streets. Lots of rudeness too, I hear.



Whining about it too,

John

 

[Graphic man]

I just filled up on my way home and at the Flying J diesel was $88. 5 per liter and premium gas was $1. 29 per liter

it is rare that diesel goes higher then gas and for some reason it takes 3-4 days for diesel to follow gas pricing and is normally about 0. 05 less per liter

 

[bmoeller]

Gas is over $3 here ($3. 19 tops, so far) for premium, now. First time ever. Diesel is $2. 89. Was $2. 59 2 days ago, and that was still too much.

 

[DF5152]

this morning on the way to work diesel was 2. 79 on the way home it was anywhere from 3. 02 to 3. 30 premium was alittle higher

 

[ChrisOlson]

I quote here

"THANK YOU HURRICANE KATRINA"



Hey graphics man



I am sure that the people of New Orleans, A city that is underwater and the 4 states that look like a war zone, as well as the 60,000 homeless people being shipped to live in the astrodome, share in your concern cause you have to pay 4. 50 per gallon I am very sorry that fuel cost is so high, it hurts my wallet as wel,l but that is just the way it is. Oh yeah at least you have a job to go to and a home to go to, there is a whole city down in Louisana that does not have that LUXURY. thats right THANK YOU KATRINA just a different look at things and I apologize in advance for offending you

 

[Graphic man]

Its ok Chris i have thick skin



you are right there are a lot of people hurting from this



its a lot of hurt thanks to mother nature!!

 

[Chris and Sam]

holy smokes, fuel is high!!!!

diesel is 3. 40 a gallon, and on the rise here, and has been over 3 dollars a gallon since way before Katrina, and was 2. 69 back in late JULY, and under 2. 00 a gallon last year in July... ... ..... have no idea where it is going to stop at, and it is getting harder to understand the gouging of prices!!!!

Seroiusly considering doing the veggie conversion on my 6bt crew cab

 

[PLaFrombois]

Let there be peace and hormony.



Now that we are calm, let's begin our first class.



Economics 101



Topic: Supply and Demand



Example: Fuel



Everyone should know by now that a hurricane has hit our Gulf states, and has temporarily shut down operations of producing fuel. This equals to a "Shortage" of this item. This also causes a demand for this item, because of the shortage. Shortages of an item comes in many forms. Fear is the biggest contributor. Once the supply has caught up, it will lesson the demand of that item, (fuel) prices will be regulated accordingly. This event happening during a holiday weekend increases the time it will take for the supply to catch up to demand.



The other refineries have to not only maintain their production, but pick up the fuel need in the south. The EPA requirements have been lifted on fuels, so the refineries can catch up with production. Just a side note, and my own opinion. I personally think the EPA has done an injustice when they require over 750 different fuel types be produced in this country in a years time.



Supply and Demand will equal itself out, time is the true unknown eliment.



Prices of oil are on the high side. Prices have been going up steadily in the futures market for only one reason. That reason is "Fear". Demand is up, resources are down. There are resources in Alaska that haven't been touched. In Utah/Nevada they believe is an oil field that equals that of Saudia Arabia. Oil sands in Alberta are just being discovered. In an article I read, the Saudi's have adjusted their calculations, and state they can maintain todays ouput of oil until 2059.



Inflation can't keep up with the price of a barrel of crude oil. I read that within 3 months, give or take, the price of oil will crash. This is the unknow time eliment because of Katrina. From what I've seen and looked into, it'll make the dot.com crash look like a Sunday picnic. Oil will steady itself out probably around the $25/bbl range within 9 mos. I'm by no means an expert, just going by my gut, and what's been happening the past few months in this industry. Steve Forbes was actually talking about this at a conference last weekend in Austraila.



Sorry to have stolen this post, going now to ice my typing fingers.



Paul

 

[DF5152]

economic 101 prices are sticky downward. they have been trying to get us to pay these prices for years once they get us use to them they will never go down. most of the fosil fuels here in the states dont stay. they say they are not pure enough to use. the real reason is they get more money shipping it somplace else then they would if they sold it here. even if you could get biodiesel as much as u wanted it will never be cheap they will just impose taxes to keep the price up they cant let all the oil barons go out of bisiness. just look at our farming community. they are paid to not produce to 100% of there capacity. As far as supply and demand go if we wanted we could cut supply of food to the middle east and see how long it take for them to give us a barrel of oil for a bushel of grain. they couldnt grow a weed over there if they wanted.

 

[bmoeller]

There is another factor to consider with the crude prices. It is a traded commodity on the open markets. The traders alone can cause swings in prices, as they do in other commodities. Grain prices included. They can drop or raise the price just on a chance of rain. Whether it rains or not.

 

[Graphic man]

Diesel went up today at the Flying J to 0. 98 per liter and gas is now 1. 57 per liter.



3. 8 liters to a gal



reg. gas $5. 98 per gal CDN funds 26 gal fill up will cost $ 157. 00

 

[Van Blom]

OIL COMPANYS ARE MAKING RECORD PROFITS!!! #@$%!



Katrina is just another bull ***** way to jack up the effing prices, again.

Nice having an oil man in the white house.



Say what you want, but I've seen this crap before during the big "Oil Shortage" way back when. They said the refineries couldn't get enough crude. There is a refinery in El Segundo CA. and normaly they would have one tanker tethered to the pipeline buoy, sending crude to the refinery. During the "shortage" there were at least 4 tankers anchored, waiting for the refinery to off load them. Shortage my ***** :-laf :-laf :-laf

 

[TSpecht]

I can't believe how badly some people want to blame this mess on President Bush. If anything is to blame it's the low prices in the 90's when refineries were shutting down left and right. We had one locally that was dismantled in that timeframe. Now that demand is up, prices are way up, and you need to file a report for even minute changes in processes (I work in the chemical industry and have witnessed the stupid meaningless reports that need to be filed to the Gov't for stupid little changes), we have a problem. I can't imagine the companies being able to push through a new refinery or two in a profittable manner even if they did throw a bunch of money at it. They're far better off just running the junk they've got now, and when it goes down, it goes down. They've been given an excellent excuse to not build new refineries. What the President and Congress needs to do is relax the laws regarding the building of refineries until we have decent capacity again. Another thing that needs to be done is more spending on research involving biodiesel and other alternatives. That would've been better in the 90's but it didn't happen because we were all living high on the hog and how could it possibly get worse in the future...

 

[amsoilman]

Let there be peace and hormony.



Now that we are calm, let's begin our first class.



Economics 101



Topic: Supply and Demand



Example: Fuel



Everyone should know by now that a hurricane has hit our Gulf states, and has temporarily shut down operations of producing fuel. This equals to a "Shortage" of this item. This also causes a demand for this item, because of the shortage. Shortages of an item comes in many forms. Fear is the biggest contributor. Once the supply has caught up, it will lesson the demand of that item, (fuel) prices will be regulated accordingly. This event happening during a holiday weekend increases the time it will take for the supply to catch up to demand.



The other refineries have to not only maintain their production, but pick up the fuel need in the south. The EPA requirements have been lifted on fuels, so the refineries can catch up with production. Just a side note, and my own opinion. I personally think the EPA has done an injustice when they require over 750 different fuel types be produced in this country in a years time.



Supply and Demand will equal itself out, time is the true unknown eliment.



Prices of oil are on the high side. Prices have been going up steadily in the futures market for only one reason. That reason is "Fear". Demand is up, resources are down. There are resources in Alaska that haven't been touched. In Utah/Nevada they believe is an oil field that equals that of Saudia Arabia. Oil sands in Alberta are just being discovered. In an article I read, the Saudi's have adjusted their calculations, and state they can maintain todays ouput of oil until 2059.



Inflation can't keep up with the price of a barrel of crude oil. I read that within 3 months, give or take, the price of oil will crash. This is the unknow time eliment because of Katrina. From what I've seen and looked into, it'll make the dot.com crash look like a Sunday picnic. Oil will steady itself out probably around the $25/bbl range within 9 mos. I'm by no means an expert, just going by my gut, and what's been happening the past few months in this industry. Steve Forbes was actually talking about this at a conference last weekend in Austraila.



Sorry to have stolen this post, going now to ice my typing fingers.



Paul

You call it SUPPLY & DEMAND! I call it PRICE GOUGING!! I saw the price of Diesel go up 40 cents/gallon in ONE HOUR!



Wayne

 

[Rotty]

$2. 99. 9 here at fyling J on I84 east of portland. Talking to the gal at the registar, she believe iot will be to $4. 00 by the end of the weekend. :--)

Better fill up quick... .