***OFFICIAL*** Gas Price Thread

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compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
27,111
926
126
Enjoy it while it lasts. Those OPEC bastards are going to cut down oil production by a couple million barrels a day to force the price of crude back up. :|
 

akshatp

Diamond Member
Oct 15, 1999
8,349
0
76
Originally posted by: Muadib
$2.35 at my Costco in Nj yesterday.

Regular down to $2.31 at Sunoco in Englewood, NJ on Route 4 W... The Exxon and Getty are $2.33

Woohoo!
 

Special K

Diamond Member
Jun 18, 2000
7,098
0
76
Originally posted by: compuwiz1
Enjoy it while it lasts. Those OPEC bastards are going to cut down oil production by a couple million barrels a day to force the price of crude back up. :|

It's already been priced in
 

Ballatician

Golden Member
Dec 6, 2007
1,985
0
0
So oil is now around what, $64/barrel? Some people pay ~$64 each time at the pump. With that kind of money they could afford a whole 42 gallon barrel.

So $64/42 gallon barrel means $1.52/gallon. Seriously, where can I get some barrels.

 

So

Lifer
Jul 2, 2001
25,923
17
81
Originally posted by: Ballatician
So oil is now around what, $64/barrel? Some people pay ~$64 each time at the pump. With that kind of money they could afford a whole 42 gallon barrel.

So $64/42 gallon barrel means $1.52/gallon. Seriously, where can I get some barrels.

Oil != Gasoline. Gasoline is the cream off the top.
 

Ballatician

Golden Member
Dec 6, 2007
1,985
0
0
Originally posted by: So
Originally posted by: Ballatician
So oil is now around what, $64/barrel? Some people pay ~$64 each time at the pump. With that kind of money they could afford a whole 42 gallon barrel.

So $64/42 gallon barrel means $1.52/gallon. Seriously, where can I get some barrels.

Oil != Gasoline. Gasoline is the cream off the top.

Haha what the hell was I thinking neglecting all the refinement. I blame it on the time.
 

jagec

Lifer
Apr 30, 2004
24,442
6
81
Originally posted by: So
Originally posted by: Ballatician
So oil is now around what, $64/barrel? Some people pay ~$64 each time at the pump. With that kind of money they could afford a whole 42 gallon barrel.

So $64/42 gallon barrel means $1.52/gallon. Seriously, where can I get some barrels.

Oil != Gasoline. Gasoline is the cream off the top.

With reforming and catalytic cracking, you can get a LOT of that oil turned into gasoline. 50% isn't uncommon, although this number varies widely depending on what you're feeding your distillation towers and regional demand. With straight distillation, I believe it's around 10-20%, again depending on the source crude. With oil at $64/barrel, even if you get a GOOD column for free, you're still making $15/gallon gasoline without cracking and reforming.

It's best left to the large scale refineries, trust me.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: akshatp
Originally posted by: Muadib
$2.35 at my Costco in Nj yesterday.

Regular down to $2.31 at Sunoco in Englewood, NJ on Route 4 W... The Exxon and Getty are $2.33

Woohoo!

It's weird. A couple of weeks ago the stations around here in Morristown NJ hit $2.29 then last Friday shot back up to $3.39 then Sunday dropped to $2.89 and today back to $2.99

WTF?
 

sdifox

No Lifer
Sep 30, 2005
96,959
16,212
126
About US$2.86 per gallon here in Toronto. It is being distorted by this horrendous tailspin of the Canadian dollar vs US dollar. 1 year ago was like par, now it's C$1.30=US$1


C$0.985 per litre. If the 2 dollars were still at par, it would be 3.72 a gallon.
 

Capt Caveman

Lifer
Jan 30, 2005
34,543
651
126
Originally posted by: BlahBlahYouToo
Originally posted by: Capt Caveman
Where's Dave to explain this?

why? what was his position in this?

Dave, The Most Uneducated Ignorant Non-American believes that 110% Greed is driving the price of Oil to $200 Gas to $10 by year end. Yet, won't explain why the prices have been dropping instead.
 

ObiDon

Diamond Member
May 8, 2000
3,435
0
0
Originally posted by: jagec
Originally posted by: So
Originally posted by: Ballatician
So oil is now around what, $64/barrel? Some people pay ~$64 each time at the pump. With that kind of money they could afford a whole 42 gallon barrel.

So $64/42 gallon barrel means $1.52/gallon. Seriously, where can I get some barrels.

Oil != Gasoline. Gasoline is the cream off the top.

With reforming and catalytic cracking, you can get a LOT of that oil turned into gasoline. 50% isn't uncommon, although this number varies widely depending on what you're feeding your distillation towers and regional demand. With straight distillation, I believe it's around 10-20%, again depending on the source crude. With oil at $64/barrel, even if you get a GOOD column for free, you're still making $15/gallon gasoline without cracking and reforming.

It's best left to the large scale refineries, trust me.
now that you guys put it that way, i think we're ripping them off!

$2.77/gal here for regular.
 

Muadib

Lifer
May 30, 2000
17,981
865
126
Originally posted by: dmcowen674
Originally posted by: akshatp
Originally posted by: Muadib
$2.35 at my Costco in Nj yesterday.

Regular down to $2.31 at Sunoco in Englewood, NJ on Route 4 W... The Exxon and Getty are $2.33

Woohoo!

It's weird. A couple of weeks ago the stations around here in Morristown NJ hit $2.29 then last Friday shot back up to $3.39 then Sunday dropped to $2.89 and today back to $2.99

WTF?

I work in the Morristown area. I just had lunch on the green, just days ago. Where the heck did you see gas for that price?
 

Capt Caveman

Lifer
Jan 30, 2005
34,543
651
126
Originally posted by: Muadib
Originally posted by: dmcowen674
Originally posted by: akshatp
Originally posted by: Muadib
$2.35 at my Costco in Nj yesterday.

Regular down to $2.31 at Sunoco in Englewood, NJ on Route 4 W... The Exxon and Getty are $2.33

Woohoo!

It's weird. A couple of weeks ago the stations around here in Morristown NJ hit $2.29 then last Friday shot back up to $3.39 then Sunday dropped to $2.89 and today back to $2.99

WTF?

I work in the Morristown area. I just had lunch on the green, just days ago. Where the heck did you see gas for that price?

He didn't. He said in P&N that the price actually went over $4 but when asked to provide pics, he wouldn't.
 
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