Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

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mizzou

Diamond Member
Jan 2, 2008
9,734
54
91
I cant wait for a reasonably cost alternative to gas transportation over 30miles to be massed produced on epic scale.

Once that happens, pull out of oil and invest in coal

New electric cars are very promising
 
Oct 30, 2004
11,442
32
91
I cant wait for a reasonably cost alternative to gas transportation over 30miles to be massed produced on epic scale.

We already have mass produced small cars that get 30+ mpg but they're smaller than SUVs, pickup trucks, and minivans.

I'd like to see more affordable hybrids, including economy hybrids that sell for under $15,000 and that get better mileage than the Prius. (The Honda Insight isn't too far off from the price at $18,000+, but it's mileage isn't all that amazing and does much worse than the more expensive Prius.)
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
We already have mass produced small cars that get 30+ mpg but they're smaller than SUVs, pickup trucks, and minivans.

I'd like to see more affordable hybrids, including economy hybrids that sell for under $15,000 and that get better mileage than the Prius. (The Honda Insight isn't too far off from the price at $18,000+, but it's mileage isn't all that amazing and does much worse than the more expensive Prius.)

Wonder why we won't see the 80+ mpg diesels (not hybrids yet) that Ford (others?) are making for Europe? Just imagine adding that to a Hybrid model....
 

Doppel

Lifer
Feb 5, 2011
13,306
3
0
Stations by me jumped 17 cents last night from $4.79 to $4.96

Will certainly be over $5 for regular by Memorial Day weekend
Lying again. I bet you've demonstrably and indefensibly lied in at least a dozen posts in this thread. Is that a record?
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,329
126
We already have mass produced small cars that get 30+ mpg but they're smaller than SUVs, pickup trucks, and minivans.

I'd like to see more affordable hybrids, including economy hybrids that sell for under $15,000 and that get better mileage than the Prius. (The Honda Insight isn't too far off from the price at $18,000+, but it's mileage isn't all that amazing and does much worse than the more expensive Prius.)

I would like to see you fit just my wife and I, 2 kids, and the softball gear we need for a single game into one of those... Sometimes we bring our German Shepard to the park too, so add him as well.

We like big vehicles in this country because we generally need them. Not a life or death need of course but a need to keep our current lifestyles. That is why we continue to purchase SUVs, minivans, and trucks and will continue to do so.
 

mizzou

Diamond Member
Jan 2, 2008
9,734
54
91
I would like to see you fit just my wife and I, 2 kids, and the softball gear we need for a single game into one of those... Sometimes we bring our German Shepard to the park too, so add him as well.

We like big vehicles in this country because we generally need them. Not a life or death need of course but a need to keep our current lifestyles. That is why we continue to purchase SUVs, minivans, and trucks and will continue to do so.

Big vehicles are fine, we just need an efficient model since a small percentage actually need the power capacity for towing or off road driving

Americans need options, each home should have acess to whatever thy want but most all need a high mpg commuter
 

werepossum

Elite Member
Jul 10, 2006
29,873
463
126
I too thought gas would be $5 or over by Memorial Day weekend, but seems to me that the sharp climb has ended. Libya seems to be on our backburner, we're running out of places to store unsold gas and oil, dollar's up, and a lot of speculators took a bath in the last couple weeks. Except for places like Chicago with boutique blends, I think gas has pretty much plateaued for the summer. I HOPE gas has pretty much plateaued for the summer anyway.

EDIT: Personally, I'd like to see Ford come out with a newer, lighter truck than the Ranger, like a crew cab Courier. That would be enough to pull our boat. Frankly, the mileage difference between my old '85 Nissan 720 (28 mpg pretty much everywhere) and our 2004 Ranger (17/21 mpg, 19 mpg average) was shocking.
 
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Doppel

Lifer
Feb 5, 2011
13,306
3
0
We like big vehicles in this country because we generally need them. Not a life or death need of course but a need to keep our current lifestyles. That is why we continue to purchase SUVs, minivans, and trucks and will continue to do so.
Not really. What exactly is your lifestyle that somebody in Europe doesn't have, for example? They have kids and gear and crap they like to carry around. How many cars do you see with roof racks carrying something? I see damned few. this is anecdotal but as a kid I remember them all the time. In north america they are hens' teeth because we are able to carry entire houses in our vehicles. Most truck owners could carry what they need on the back of a trailer on average.

There are exceptions but the fact is most people in my neighborhood have a minivan or SUV and almost all have three or less kids and the most they ever cart around are bags of mulch. We all use huge vehicles because they are cheap as crap, they are in part a status symbol and in part a nice convenience--but hardly a necessity even to keep up with our lifestyle.

As a nation the US is still trying to pretend it actually needs huge SUVs but the reality is that there was no reason not to have one when gas was $1.50/gallon. Now at 2-3X that it forces another look.
Americans need options, each home should have acess to whatever thy want but most all need a high mpg commuter
This is the model we use. The car that we put 75% of our miles on is in its current tank of over 200 miles at 52.5 mpg, blend of city and country driving.
 

desy

Diamond Member
Jan 13, 2000
5,442
211
106
When I was in Denmark couple yrs ago most of them have little utility trailers to drag behind when they need xtra carry capacity
 
Oct 30, 2004
11,442
32
91
I would like to see you fit just my wife and I, 2 kids, and the softball gear we need for a single game into one of those... Sometimes we bring our German Shepard to the park too, so add him as well.

We like big vehicles in this country because we generally need them. Not a life or death need of course but a need to keep our current lifestyles. That is why we continue to purchase SUVs, minivans, and trucks and will continue to do so.

My sister has 4 kids now, ranging in age from 1 month (the twins) to 7 years old. I understand some people's needs for large vehicles. Hopefully the auto industry will produce more fuel efficient larger vehicles. Sadly, the price of gasoline is just going to become one more significant expense associated with having children.
 
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dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Gas up another 27 cents in Chicago, one refinery having issues is the excuse

Most stations downtown Chicago area now over $4.79

5-15-2011

http://www.shawanoleader.com/articl...5962sect_dd1ba1872df91985ed1ca4cde2dfe669.txt

Average gas prices in Wisconsin dropped 7 cents per gallon over the past week, with the state average hovering around $4.02. In Shawano, prices ranged early this week from $3.97 to $4.09, with the average price being $3.99, which puts the city below the state average but above the national average of $3.93.

Drivers should not expect the savings to last, however, according to Patrick DeHaan, senior petroleum analyst for WisconsinGasBuddy.com.



He received a report Monday about problems with a Chicago refinery that could be driving up gas another 20 cents or more in the near future.


“In the Great Lakes, gas prices are up 27 cents a gallon,” he said.



“That is huge.”

DeHaan said he was telling other media outlets that prices had peaked for gasoline, but this new crimp could see prices reaching all-time record levels.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
There is always some Republican idiots in here spewing that refineries don't make any money...

5-14-2011

http://www.kansascity.com/2011/05/14/2875367/oil-refiners-big-profits-help.html

The conventional wisdom has been that gasoline shot to about $4 a gallon because the price of oil soared.


But that ignores a key factor: Even though U.S. gasoline use is declining, refiners have kept U.S. stockpiles below average by curbing production and exporting more gasoline.


That has kept prices up — and doubled oil refinery profits. Refineries are on track to reap their best profits in years.


“It’s a good day to own a refinery,” said Steve Mosby, vice president of Admo Energy, a fuel supply consulting company for fuel retailers.


For refineries, their margin is the difference between what they pay for crude oil and what they get for the wholesale gasoline and other products.



Those margins have been gradually rising this year and recently were more than double what they were a year ago

At one point last week, the margins for wholesale gasoline sold in the Midwest were more than $1.20 a gallon, rivaling levels briefly seen after Hurricane Katrina in 2005.

The idea that refinery profits are keeping gas prices from falling lower could add fire to recent criticism over oil-company profits.

Oil executives were grilled Thursday by a Senate committee over why an industry earning $35 billion in profits in the first quarter should still receive $4 billion in annual federal subsidies and tax breaks.


The executives didn’t flinch, testifying that profits and subsidies were needed to find more oil.


“Don’t punish our industry for doing its job well,” said John Watson, CEO of Chevron.

The Kansas City Star asked WTRG Economics, an energy consulting firm, to calculate U.S. refinery margins using the oil costs actually paid by refineries, rather than the benchmark prices.


Doing that, WTRG calculated that the average U.S. refinery margin in January was 42 cents a gallon. By April it increased to 64 cents, a 50 percent jump. The first week of May it climbed to 78 cents, and the second week it has averaged 80 cents a gallon.

The Energy Information Administration last week said demand for gasoline had fallen 2.9 percent in the last month, while the country’s refineries were using only 81.7 percent of their capacity.



That meant they were processing 900,000 fewer barrels a day of gasoline than a year ago.


Refineries also are exporting more gasoline, especially to Mexico and Latin America.



In February, the most recent month for which figures were available, the U.S. exported 400,000 barrels of gasoline a day, or about 5 percent of U.S. demand.



U.S. exports are at their highest levels since the information started being collected in 1945.

 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
At one point last week, the margins for wholesale gasoline sold in the Midwest were more than $1.20 a gallon, rivaling levels briefly seen after Hurricane Katrina in 2005.
The idea that refinery profits are keeping gas prices from falling lower could add fire to recent criticism over oil-company profits.

Doing that, WTRG calculated that the average U.S. refinery margin in January was 42 cents a gallon. By April it increased to 64 cents, a 50 percent jump. The first week of May it climbed to 78 cents, and the second week it has averaged 80 cents a gallon.


Nothing wrong with a little profit margin...nothing wrong at all. ^_^

Edit: About a month+ ago, there was a report that suggested that $100 oil supported $3.25 gasoline. I guess we now know that the overage on the $3.25 is now refinery profit surges.
 
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Capt Caveman

Lifer
Jan 30, 2005
34,543
651
126
No, they're not. Prices are going down - http://www.chicagogasprices.com/

I thought prices were over $5 in downtown Chicago?

Ban this moron!

Gas up another 27 cents in Chicago, one refinery having issues is the excuse

Most stations downtown Chicago area now over $4.79

5-15-2011

http://www.shawanoleader.com/articl...5962sect_dd1ba1872df91985ed1ca4cde2dfe669.txt

Average gas prices in Wisconsin dropped 7 cents per gallon over the past week, with the state average hovering around $4.02. In Shawano, prices ranged early this week from $3.97 to $4.09, with the average price being $3.99, which puts the city below the state average but above the national average of $3.93.

Drivers should not expect the savings to last, however, according to Patrick DeHaan, senior petroleum analyst for WisconsinGasBuddy.com.



He received a report Monday about problems with a Chicago refinery that could be driving up gas another 20 cents or more in the near future.


“In the Great Lakes, gas prices are up 27 cents a gallon,” he said.



“That is huge.”

DeHaan said he was telling other media outlets that prices had peaked for gasoline, but this new crimp could see prices reaching all-time record levels.
 
Oct 30, 2004
11,442
32
91
The prices are holding steady in my area. However, as of today on Gas Buddy, there have been more sightings of $3.95/gallon than $4.00/gallon, so perhaps a few of he stations are taking it down by a five cent notch.
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
So,

05-13-2011, 06:10 AM
Stations by me jumped 17 cents last night from $4.79 to $4.96

Will certainly be over $5 for regular by Memorial Day weekend

then

05-15-2011, 06:04 AM
Gas up another 27 cents in Chicago

Which, according to basic math, would put gas at $5.23/gal.

Strange none of the rest of the Chicago area is seeing those prices.

http://www.chicagogasprices.com/
Highest Regular Gas Prices in the Last 36 hours, 2 at $4.85, and down from there.
 

Svnla

Lifer
Nov 10, 2003
17,986
1,388
126
I just drove past several gas stations a few hours ago. Gas prices were between $3.73 to $3.77 per gallon.
 

AznAnarchy99

Lifer
Dec 6, 2004
14,695
117
106
Its starting to drop sharply in some areas around SoCal. Saw a Shell and a Chevron tonight at $4.09. The other day they were at $4.29.

Hopefully it continues...
 
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