Looks like gas stations are resistant to hitting the $4 point

[newb111]

Originally posted by: Jeff7

Originally posted by: AkumaX
they ran out of 4's

Can't they just use A's?

They'd get in trouble when it reaches 4.55

 

[UnbalancedCheckbook]

Originally posted by: adambooth
We hit four more than a month ago. I think regular is at $4.22/gal.

In Alaska of all places.

Yeah, but you get that big, fat payment every year. Complain away!

The fact of this matter is that supply and demand always equal out. Say we were a country with either no or very expensive oil available to us. Would our economy developed in the way it has? No, of course not. The lowest price always brings in the highest bids. Think about that.

Say we're an economy overflowing with sunshine and solar cells. Guess what? We sell our available energy to the highest bidder. Sooner or later demand overtakes supply and price increases. Seddenly we jack our rates. Our constituents complain. Tough for them because we have what they want. Supply, meet demand.

Say we develop microwave energy ala SimCity 2000. Suddenly, we corner the market on cheap energy, provide, capitalize, and raise our rates. And here we are again.

So what?

 

[UnbalancedCheckbook]

Originally posted by: CorCentral
Maybe when it hit's $7.00+/gal the Car companies will actually try to invest in building more FUEL EFFICIENT vehicles instead of giving incentives to those who want to buy GAS GUZZLERS!

I'm hoping for the day!

Yes, and clearly - slow to react though they are - car companies are complicit with the oil companies because it behooves them to sell inefficient, low-mileage vehicles as opposed to following consumer demand.

:roll:

 

[JD50]

Originally posted by: RichardE

Originally posted by: JohnCU

Originally posted by: RichardE
Heh, funny how we all called McOwen crazy for predicting 5$/Gallon.

uhhh didn't he predict drive for 5 like 2 years ago? i've never driven for 5, or even 4 yet.

Yes he did, and people called him crazy saying it would never go above 3$. We hit that, we have hit 4, and unless something drastic happens chances are we will hit 5. In the end he was right on this issue.

Not one person ever said that gas would NEVER go above $3. Dave said that gas would be $5 a gallon by Christmas of 2006. We told him that he was FOS and that gas would not be $5 a gallon by Christmas of 2006. He was wrong and changed his prediction to $5 a gallon by Summer of 2007. We told him that again he was FOS and that gas would not be $5 a gallon by Summer of 2007. Are you seeing the pattern here?

Of course gas will eventually be $5 a gallon, everything rises in cost. Please post a link to someone saying that gas will NEVER reach $3 a gallon, or stop lying.

 

[JD50]

Originally posted by: PokerGuy

Originally posted by: JDub02
An American who thinks it's time Congress stops preventing us from producing domestic energy.

Yes, a stop-gap measure that will bring more domestic oil online in 10 years is the answer, not reducing our addiction to oil and other non-renewable resourcces :roll: Leave one of the last un-messed-up places in the country alone, lets figure out a real solution other than the usual short sighted one.

And I bet 10 years ago you were saying the same thing, and look where that got us. Good Job!!!

 

[JD50]

I think $4 a gallon will come and go just like $2 and $3 a gallon did.

 

[Tom]

Originally posted by: JDub02

Originally posted by: Matilda
just think of it as helping exxon-mobil reach their goal of posting their highest profits ever (only got second-best last quarter!)

Dear Congress,

Do you think the American people are dumb enough to believe the demonization of the oil companies when you make more per gallon of gas sold through taxes than the oil companies do through profit without putting in any work into the production of that gas?

Yeah, I guess they are.

Sincerely,

An American who thinks it's time Congress stops preventing us from producing domestic energy.

so oil companies don't deliver their products to stations via the highway system ?

 

[JohnCU]

Originally posted by: JD50

Originally posted by: RichardE

Originally posted by: JohnCU

Originally posted by: RichardE
Heh, funny how we all called McOwen crazy for predicting 5$/Gallon.

uhhh didn't he predict drive for 5 like 2 years ago? i've never driven for 5, or even 4 yet.

Yes he did, and people called him crazy saying it would never go above 3$. We hit that, we have hit 4, and unless something drastic happens chances are we will hit 5. In the end he was right on this issue.

Not one person ever said that gas would NEVER go above $3. Dave said that gas would be $5 a gallon by Christmas of 2006. We told him that he was FOS and that gas would not be $5 a gallon by Christmas of 2006. He was wrong and changed his prediction to $5 a gallon by Summer of 2007. We told him that again he was FOS and that gas would not be $5 a gallon by Summer of 2007. Are you seeing the pattern here?

Of course gas will eventually be $5 a gallon, everything rises in cost. Please post a link to someone saying that gas will NEVER reach $3 a gallon, or stop lying.

lol dave PM'd me this:

That's the point.

Everyone said it would never happen, at least not in the timeframe I was saying it was going to.

They said it would never get higher than milk.

I saw that there was no longer any supply and demand fundamentals involved with oil/gasoline.

You are among many that would never admit I was right.

I am even blocked from posting on AT and even if the unlock me I am not posting as I started my own forums and enjoy posting their hypocracy and censorship there for all the world to see including those that support that.

what a piece of work.

 

[Acanthus]

What i think is pretty hilarious is the oil companies raising prices for reasons like "possible disruption in the middle east"... or even "high crude prices"

Wait... If you drill the oil... you dont pay for the crude....... so... youre arbitrarily setting the price.

 

[wwswimming]

Originally posted by: jaqie
Everything is reliant on oil right now, more or less, including the distribution and processing of milk, so expect all food to go up soon as well.

wow ! someone understands !

 

[Kev]

Originally posted by: jaqie
Everything is reliant on oil right now, more or less, including the distribution and processing of milk, so expect all food to go up soon as well.

I want this man as chairman of the federal reserve!

 

[miri]

Gas prices keep rising but still $3.99 in Newport Beach/Irvine.

 

[Winchester]

It may be because they are unable to:

Help! My Gas Pump Doesn't Even Go To $4.00!

 

[Random Variable]

regular here is over $4

 

[moshquerade]

and i was laughed at a few weeks ago for saying gas will hit $6/gal by the end of the summer. it's not so funny now.

 

[TruePaige]

Originally posted by: moshquerade
and i was laughed at a few weeks ago for saying gas will hit $6/gal by the end of the summer. it's not so funny now.

Not so funny then either.

It's just grim.

=p

 

[moparacer]

so expect all food to go up soon as well.

yall aint seen nothing yet...

I have been seeing the writing on the wall for so long now I decided to take the wonderful tax "refund" the government gave me and the mrs and I went on the biggest food shopping spree of my life last weekend...

If finances permit after memorial day I am going back for another van load...

 

[mechBgon]

Someone in the U.K. reported that they pay the equivalent of over $9 per U.S. gallon. I don't feel any need to soapbox about how "high" our gas prices are in the U.S. when they're OMG NEARLY $4!!!!!

 

[Random Variable]

Originally posted by: mechBgon
Someone in the U.K. reported that they pay the equivalent of over $9 per U.S. gallon. I don't feel any need to soapbox about how "high" our gas prices are in the U.S. when they're OMG NEARLY $4!!!!!

Again this comparison is misleading. They pay in euros, not dollars. And the dollar is currently quite weak versus the euro. But yes, they do pay more, but that's only because of a very high gas tax.

 

[RallyMaster]

Yay for driving a 36 mpg Corolla sometimes...

 

[alkemyst]

many stations can't go above 3.999 because their pumps don't.

CNN had an article on it that at about $650+ a pump to retrofit many stations can't afford it even. Many have pumps that cannot be retrofit and replacements are several thousands of dollars. Many stations only break even on gas sales esp after credit card fees.

 

[ravana]

Coming soon......Geo Metros R' Us

 

[Capt Caveman]

Originally posted by: alkemyst
many stations can't go above 3.999 because their pumps don't.

CNN had an article on it that at about $650+ a pump to retrofit many stations can't afford it even. Many have pumps that cannot be retrofit and replacements are several thousands of dollars. Many stations only break even on gas sales esp after credit card fees.

Correct. Here is an article about the problem - http://www.boston.com/news/nat...h_old_fashioned_pumps/

 

[rh71]

Originally posted by: alkemyst
many stations can't go above 3.999 because their pumps don't.

CNN had an article on it that at about $650+ a pump to retrofit many stations can't afford it even. Many have pumps that cannot be retrofit and replacements are several thousands of dollars. Many stations only break even on gas sales esp after credit card fees.

How many is many? Because even if I see 3.xx for regular, their plus and premium are already over $4. I haven't seen one place that has premium for under $4 since a month ago. Are you saying the "regular" pumps are different somehow?

EDIT (after reading the article)>> scrolling dials?! Small towns ftl?

 

[crownjules]

Originally posted by: Acanthus
What i think is pretty hilarious is the oil companies raising prices for reasons like "possible disruption in the middle east"... or even "high crude prices"

Wait... If you drill the oil... you dont pay for the crude....... so... youre arbitrarily setting the price.

Uh, no. You need to go and read up on how the oil industry works. Suffice to say, the oil companies are not arbitrarily setting the price. Futures traders are setting the price by buying and selling the contracts for oil.

A big reason we're seeing oil skyrocketing is that oil has become the new hedge against the failing dollar. In other words, people that were previously invested in the dollar are now invested in oil. Once it started happening it was a snowball effect. It will eventually reverse, as all of these trends do in time. When and how much oil reverses is entirely debatable.