Oil & Gas Prices:10-8-04 U.S. Crude over $53 Whitehouse says there will be no impact - Gas prices rising fast towards $3

[Fausto]

Originally posted by: jackschmittusa
Last fall, when Bush was doing his sabre - rattling and oil was plentiful, he was urged to refill the Stratigic Reserve. He did not. Now that demand for oil is tighter, he has decided to refill it, cost be damned. He says that it is a security issue and the government will pay the oil co.s whatever they happen to charge. (Like planning for war in the Middle East last fall might not make the Stratigic Reserve a security issue!) This is just a way to slip the oil buddies a few tax dollars.

And I don't think that many of the pepole who can afford $60k monster SUVs really care much about gas prices. Compared to initial cost, maintanence (they don't do it themselves you know), insurance, registration, etc., a few bucks more a week for gas is of little concern. Those that have, will always have the big vehicles, while the rest of will one soon be riding mopeds.

You'd be surprised. People can be really touchy about plunking down money for gas despite wealth. I think it's because they end up doing it so often that it starts to bother them over time.

 

[Zebo]

Originally posted by: Fausto1
I honestly would love to see it go up to $3.00 per gallon to get a few idiots off the roads and light a fire under the development of fuel-efficient and alternative-fuel vehicles.

More like $5 would make me happy Gas is way to cheap.

Originally posted by: Nitemare
At times like this I have to laugh at all the soccer moms who drive in the left hand lane going the speed limit when I know they have to spend 50 bucks to fill up those gas guzzling Excursions and Suburbans

I have an F-350 4x4 (same size as excursion) gets around 22 on Hwy what's the problem?

 

[DaiShan]

Originally posted by: Fausto1

Originally posted by: jackschmittusa
Last fall, when Bush was doing his sabre - rattling and oil was plentiful, he was urged to refill the Stratigic Reserve. He did not. Now that demand for oil is tighter, he has decided to refill it, cost be damned. He says that it is a security issue and the government will pay the oil co.s whatever they happen to charge. (Like planning for war in the Middle East last fall might not make the Stratigic Reserve a security issue!) This is just a way to slip the oil buddies a few tax dollars.

And I don't think that many of the pepole who can afford $60k monster SUVs really care much about gas prices. Compared to initial cost, maintanence (they don't do it themselves you know), insurance, registration, etc., a few bucks more a week for gas is of little concern. Those that have, will always have the big vehicles, while the rest of will one soon be riding mopeds.

You'd be surprised. People can be really touchy about plunking down money for gas despite wealth. I think it's because they end up doing it so often that it starts to bother them over time.

On spring break a few friends and I carpooled down to destin for the week in my honda. I filled up before I left, and when I got back from the week in destin. I know a guy that pumped $60 into his tricked out tahoe before he left and filled up again for nearly the same ammount when he got there. I spent a total of $30 (10 to top off my tank from the week of driving before we left and 20 to fill up from empty when we returned)

 

[DaiShan]

Originally posted by: Zebo

Originally posted by: Fausto1
I honestly would love to see it go up to $3.00 per gallon to get a few idiots off the roads and light a fire under the development of fuel-efficient and alternative-fuel vehicles.

More like $5 would make me happy Gas is way to cheap.

Originally posted by: Nitemare
At times like this I have to laugh at all the soccer moms who drive in the left hand lane going the speed limit when I know they have to spend 50 bucks to fill up those gas guzzling Excursions and Suburbans

I have an F-350 4x4 (same size as excursion) gets around 22 on Hwy what's the problem?

Whats it get in town? link for user quoted MPG on the excursion...

 

[Zebo]

16 but I don't live "in town" nor work "in town" nor play "in town"

It's a PS diesel which like the TDI gets awesome mileage considering.

 

[Fausto]

Originally posted by: Zebo

Originally posted by: Fausto1
I honestly would love to see it go up to $3.00 per gallon to get a few idiots off the roads and light a fire under the development of fuel-efficient and alternative-fuel vehicles.

More like $5 would make me happy Gas is way to cheap.

Ahhh.....I can only dream. I would love to ride by on my bike and laugh as fistfights break out at the gas pump.

 

[da loser]

Originally posted by: jackschmittusa
Last fall, when Bush was doing his sabre - rattling and oil was plentiful, he was urged to refill the Stratigic Reserve. He did not. Now that demand for oil is tighter, he has decided to refill it, cost be damned. He says that it is a security issue and the government will pay the oil co.s whatever they happen to charge. (Like planning for war in the Middle East last fall might not make the Stratigic Reserve a security issue!) This is just a way to slip the oil buddies a few tax dollars.

And I don't think that many of the pepole who can afford $60k monster SUVs really care much about gas prices. Compared to initial cost, maintanence (they don't do it themselves you know), insurance, registration, etc., a few bucks more a week for gas is of little concern. Those that have, will always have the big vehicles, while the rest of will one soon be riding mopeds.

winnar, well actually charrison is correct on the ethanol and refinery issue, too. and the californians get screwed as always, heh. no MTBE? well how about some clean ethanol. too bad all the politicians are in bed with the corn farmers. but they'll get their payback in the winter when natural gas prices increase due to californian's disdain for coal. and the texans come out on top, at least temporarily until we choke to death with all the smog, thank god we have no mountains.

the only thing higher fuel prices does is screw the little people, just like all user taxes. if you want better standards support cafe and buy japanese.

 

[DaiShan]

Originally posted by: Zebo
16 but I don't live "in town" nor work "in town" nor play "in town"

It's a PS diesel which like the TDI gets awesome mileage considering.

16 isn't that bad, but the 8.5 of the excursion is lol, I get mid 20's in town and about 27 on the highway.

 

[Zebo]

Originally posted by: DaiShan

Originally posted by: Zebo
16 but I don't live "in town" nor work "in town" nor play "in town"

It's a PS diesel which like the TDI gets awesome mileage considering.

16 isn't that bad, but the 8.5 of the excursion is lol, I get mid 20's in town and about 27 on the highway.

Keep reading on your link you gave.... V-10 gas motor is these peoples problem...Guy at bottom verifies what i said earlier..

 

[DaiShan]

Originally posted by: Zebo

Originally posted by: DaiShan

Originally posted by: Zebo
16 but I don't live "in town" nor work "in town" nor play "in town"

It's a PS diesel which like the TDI gets awesome mileage considering.

16 isn't that bad, but the 8.5 of the excursion is lol, I get mid 20's in town and about 27 on the highway.

Keep reading on your link you gave.... V-10 gas motor is these peoples problem...Guy at bottom verifies what i said earlier..

13-15 in town? Not that good man... Not as bad as the v10 I will admit (I didn't know they had different engine options) but 13 mpg is a joke. On the highway fine, may as well ride in style, I love riding in my grand parents cadillac deville plenty of room in the back comfortable quiet ride, but in town, I need better gas mileage heh

<---soon to be poor college student

 

[Zebo]

Originally posted by: Fausto1

Originally posted by: Zebo

Originally posted by: Fausto1
I honestly would love to see it go up to $3.00 per gallon to get a few idiots off the roads and light a fire under the development of fuel-efficient and alternative-fuel vehicles.

More like $5 would make me happy Gas is way to cheap.

Ahhh.....I can only dream. I would love to ride by on my bike and laugh as fistfights break out at the gas pump.

I have 6 "city cars" on my property... Electrics from the 70's early 80's Got them free from users when i used to repair them.. maybe it will pay off one day My best one which is salvaged from the best parts from others only goes 35 MPH and only 40 mi... Kinda restricted.. And the 12 lead acid batteries are 200ea and only last about 4 years!!!

 

[Zebo]

Originally posted by: DaiShan

Originally posted by: Zebo

Originally posted by: DaiShan

Originally posted by: Zebo
16 but I don't live "in town" nor work "in town" nor play "in town"

It's a PS diesel which like the TDI gets awesome mileage considering.

16 isn't that bad, but the 8.5 of the excursion is lol, I get mid 20's in town and about 27 on the highway.

Keep reading on your link you gave.... V-10 gas motor is these peoples problem...Guy at bottom verifies what i said earlier..

13-15 in town? Not that good man... Not as bad as the v10 I will admit (I didn't know they had different engine options) but 13 mpg is a joke. On the highway fine, may as well ride in style, I love riding in my grand parents cadillac deville plenty of room in the back comfortable quiet ride, but in town, I need better gas mileage heh

<---soon to be poor college student

poor college student can afford a gulf TDI 46/52 I think....

Now that guys numbers are very low from other users I spoken with. May be he has a lift with big tires for lots of wind and rolling resistance....Some are as high as 25 HWY and 18 City.. Just depends...Also the truck come in about 100 different configurations and this may change things


Here are some quotes from fordtruck.com forum must subcribe to see...

My f250 powerstroke 2wd crewcab,auto trans, gets about 18-20 in city and right at 25 mpg doing 70-75 on Highway!!

I have a 96 PSD, 4-sp with OD, 4x4, and I routinely get 18-19 in town in the winter, 20-21 in town in the summer, and can get upwards of 26 on the highway. Crusing on the interstate at 70 or better will drop me to the low 20's with good fuel. I once got some fuel along the interstate that I only got about 16 on, but other fuel generally gets me into the 20's. Pulling a 10K load up into the NC mountains will drop my mileage to the 18 range, and I usually keep my foot pretty heavy going up the hills. I love to cruise by the stiff-collar yuppies in their designer SUVs going up the hills.

I repeatedly get 19.2-19.5mpg on freeway trips, and normally see 15.5-16.5 around town, depending on season, amount of freeway driving, etc. My truck is a lifted 4X4 crewcab with AT, so the mileage could be better if it were a std cab, 2wd, 5spd. 22 could be a reality for guys that drive those, or if you keep records like my buddy.

Just depends Keep in mind these engines last an easy 350,000 miles some go 1 million.

 

[dmcowen674]

Originally posted by: Orsorum

Originally posted by: Fausto1
I honestly would love to see it go up to $3.00 per gallon to get a few idiots off the roads and light a fire under the development of fuel-efficient and alternative-fuel vehicles.

Surprisingly, I agree.

I also agree. Both the public and the Manufacturers not learning and making bigger and bigger and more gas guzzling Tanks, they both deserve to go down in flames.

In 1999 if the Prius or the Honda hybrid was available we would've gotten one of them, instead got a 4 cylinder Neon. It would've been OK of Dodge didn't make the engine self destruct every 34,000 miles.

 

[DaiShan]

Originally posted by: Zebo

Originally posted by: DaiShan

Originally posted by: Zebo

Originally posted by: DaiShan

Originally posted by: Zebo
16 but I don't live "in town" nor work "in town" nor play "in town"

It's a PS diesel which like the TDI gets awesome mileage considering.

16 isn't that bad, but the 8.5 of the excursion is lol, I get mid 20's in town and about 27 on the highway.

Keep reading on your link you gave.... V-10 gas motor is these peoples problem...Guy at bottom verifies what i said earlier..

13-15 in town? Not that good man... Not as bad as the v10 I will admit (I didn't know they had different engine options) but 13 mpg is a joke. On the highway fine, may as well ride in style, I love riding in my grand parents cadillac deville plenty of room in the back comfortable quiet ride, but in town, I need better gas mileage heh

<---soon to be poor college student

poor college student can afford a gulf TDI 46/52 I think....

Now that guys numbers are very low from other users I spoken with. May be he has a lift with big tires for lots of wind and rolling resistance....Some are as high as 25 HWY and 18 City.. Just depends...Also the truck come in about 100 different configurations and this may change things


Here are some quotes from fordtruck.com forum must subcribe to see...

My f250 powerstroke 2wd crewcab,auto trans, gets about 18-20 in city and right at 25 mpg doing 70-75 on Highway!!

I have a 96 PSD, 4-sp with OD, 4x4, and I routinely get 18-19 in town in the winter, 20-21 in town in the summer, and can get upwards of 26 on the highway. Crusing on the interstate at 70 or better will drop me to the low 20's with good fuel. I once got some fuel along the interstate that I only got about 16 on, but other fuel generally gets me into the 20's. Pulling a 10K load up into the NC mountains will drop my mileage to the 18 range, and I usually keep my foot pretty heavy going up the hills. I love to cruise by the stiff-collar yuppies in their designer SUVs going up the hills.

I repeatedly get 19.2-19.5mpg on freeway trips, and normally see 15.5-16.5 around town, depending on season, amount of freeway driving, etc. My truck is a lifted 4X4 crewcab with AT, so the mileage could be better if it were a std cab, 2wd, 5spd. 22 could be a reality for guys that drive those, or if you keep records like my buddy.

Just depends Keep in mind these engines last an easy 350,000 miles some go 1 million.

A million with out a rebuild? That is incredible. They are built for long drives though, I wonder if those results are typical of a daily driver, or just for long trips?

 

[DaiShan]

Originally posted by: dmcowen674

Originally posted by: Orsorum

Originally posted by: Fausto1
I honestly would love to see it go up to $3.00 per gallon to get a few idiots off the roads and light a fire under the development of fuel-efficient and alternative-fuel vehicles.

Surprisingly, I agree.

I also agree. Both the public and the Manufacturers not learning and making bigger and bigger and more gas guzzling Tanks, they both deserve to go down in flames.

In 1999 if the Prius or the Honda hybrid was available we would've gotten one of them, instead got a 4 cylinder Neon. It would've been OK of Dodge didn't make the engine self destruct every 34,000 miles.

I dunno man, I'm a honda fanboy and I don't think I would take an insight heh. I need something with a bit more juice if ya know what I mean.

 

[etech]

Networks Add Fuel to the Furor Over High Gas Prices

Friday, March 24, 2000


Dated article but look at the historical prices.

 

[charrison]

Originally posted by: jackschmittusa
Last fall, when Bush was doing his sabre - rattling and oil was plentiful, he was urged to refill the Stratigic Reserve. He did not. Now that demand for oil is tighter, he has decided to refill it, cost be damned. He says that it is a security issue and the government will pay the oil co.s whatever they happen to charge. (Like planning for war in the Middle East last fall might not make the Stratigic Reserve a security issue!) This is just a way to slip the oil buddies a few tax dollars.

And I don't think that many of the pepole who can afford $60k monster SUVs really care much about gas prices. Compared to initial cost, maintanence (they don't do it themselves you know), insurance, registration, etc., a few bucks more a week for gas is of little concern. Those that have, will always have the big vehicles, while the rest of will one soon be riding mopeds.

Actually Bush has been refilling the reserve since he took office. The was a large buy a year or so ago and people were complaining then about the affect it had on the market.

Some things never change.

 

[etech]

Originally posted by: jackschmittusa
Last fall, when Bush was doing his sabre - rattling and oil was plentiful, he was urged to refill the Stratigic Reserve. He did not. Now that demand for oil is tighter, he has decided to refill it, cost be damned. He says that it is a security issue and the government will pay the oil co.s whatever they happen to charge. (Like planning for war in the Middle East last fall might not make the Stratigic Reserve a security issue!) This is just a way to slip the oil buddies a few tax dollars.

And I don't think that many of the pepole who can afford $60k monster SUVs really care much about gas prices. Compared to initial cost, maintanence (they don't do it themselves you know), insurance, registration, etc., a few bucks more a week for gas is of little concern. Those that have, will always have the big vehicles, while the rest of will one soon be riding mopeds.

U.S. boosts oil stockpile

November 13, 2001:
"President Bush, taking advantage of low oil prices and abundant supplies, Tuesday ordered the nation's emergency stockpile of oil filled to its capacity of 700 million barrels.

The move came a day before oil ministers from the Organization of Petroleum Exporting Countries (OPEC) are to meet in Vienna, Austria, to grapple over possible production cuts and try to stem the oil price slide.

The first deliveries of about 60,000 barrels a day will begin in April with the transfers growing to 130,000 barrels a day by October, according to the Interior Department.

The Strategic Petroleum Reserve, which currently holds 544 million barrels of oil in huge underground salt caverns in Texas and Louisiana, is to be filled "in a deliberate and cost-effective manner" up to its full capacity of 700 million barrels, Bush said in a statement.
..."

Jack, just where do you get your information? May I suggest that you find a different source.

 

[da loser]

eia short term outlook

"EIA?s Outlook is for prices to remain firm through the rest of 2003, or at least until autumn, when OECD oil inventories may rebuild above observed 5-year lows. Once inventories have been rebuilt, WTI oil prices may slide gradually to $26 per barrel during 2004, as Iraqi oil exports return to near pre-war levels"

this is just one reason, not the only reason. but clearly building up inventories has an effect on prices.

eia this week in petroleum

"Even if spot gasoline prices don?t rise substantially from where they were last week (and already we?ve seen a huge spike in gasoline prices around the Los Angeles area due to refinery and pipeline problems earlier this week)"

"In all three years, the high prices earlier in the season encouraged increased refinery production of gasoline, which helped push gasoline prices back to levels seen before the early season price surge. However, in both 2000 and 2001, refinery production of gasoline dropped by late summer as refiners began to shift their yields towards making more distillate fuel. Additionally, in 2001, crude inputs into refineries dropped in late summer, thus making the reduction in gasoline production more dramatic. But this year, gasoline refinery production has remained relatively strong, with historically strong gasoline demand putting pressure on prices. With the price of West Texas Intermediate crude oil above $30 per barrel recently, higher gasoline prices would likely be necessary to encourage refiners to process more crude oil. Therefore, any further increase in retail gasoline prices could encourage even more gasoline production and ultimately lead to lower gasoline prices down the road. But this may not occur until after the end of the summer season."

simple supply and demand

 

[digitalsm]

Its been holding steady at $1.36 around here, or was last I checked.

As for gas only dropping pennies every few months. The price of gas dropped $.15 in less than a week when the war was "over", and before that it would swing $.05-.06 on a weekly basis.

The reason gas prices are going up and down right now is, the US is perodically buying alot more oil to add to our oil reserves.

 

[digitalsm]

 

[etech]

Originally posted by: digitalsm
Its been holding steady at $1.36 around here, or was last I checked.

As for gas only dropping pennies every few months. The price of gas dropped $.15 in less than a week when the war was "over", and before that it would swing $.05-.06 on a weekly basis.

The reason gas prices are going up and down right now is, the US is perodically buying alot more oil to add to our oil reserves.

Where did you get that information and can you post a link?

thank you.

 

[LunarRay]

Originally posted by: digitalsm
Its been holding steady at $1.36 around here, or was last I checked.

As for gas only dropping pennies every few months. The price of gas dropped $.15 in less than a week when the war was "over", and before that it would swing $.05-.06 on a weekly basis.

The reason gas prices are going up and down right now is, the US is perodically buying alot more oil to add to our oil reserves.

I don't think the buying and adding to reserves does much to the cost. Unless the cost per bbl goes up or down because we buy more or pumping it up costs more or less.. The profit of the Oil Companies is a good indicator of where to look... Generally... if their profit is up in relation to a plus in unit sales (not sales $) then it is volume related. If unit sales are constant and profit is up... and expenses are constant... etc.. lots of data to look at and one can deduce the cause of increase at the pump.

 

[dmcowen674]

Originally posted by: digitalsm
Its been holding steady at $1.36 around here, or was last I checked.

As for gas only dropping pennies every few months. The price of gas dropped $.15 in less than a week when the war was "over", and before that it would swing $.05-.06 on a weekly basis.

OK, after the war it went from 1.40 to 1.28 here, that is the exception rather than the rule, how do you account for 99% of the rest of the time that they raise the price 10, 15 or 20 cents overnight and it is months to see a few pennies come off. Oh, also there were stations here changing the price 2 and 3 times in one day. Last week watched the local BP station start off in the morning at 1.38, then in the afternoon 1.44, then around 6 Pm it is 1.49. This is not the first time I have seen this station do this as well as others and not just BP, any explanations???

 

[etech]

Dave, you haven't replied to my taking up your offer of a bet.

I'm waiting.