Original Gas Thread: Americans enjoying $4 gallon despite oil oversupply highest in 8 yrs

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charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: dmcowen674
The real world leader of Automobiles:

8-4-2005 Toyota working on 10 hybrid vehicles

Japan's Toyota Motor Co. said it was working on 10 new hybrid vehicles, after seeing sales of the environmentally friendly autos rocket in the United States.

Toyota was the first automaker to introduce a hybrid vehicle powered by a combination of gasoline (petrol) and electricity.

Two years after it was introduced, Toyota's hugely successful Prius still has a waiting list and some buyers are waiting more than six months for delivery.

"People are buying hybrids for good reasons beyond fuel economy," Press said.

"They realize hybrids are a simply way to make an important difference in curtailing foreign-oil dependence, air pollution, and greenhouse gases."

To meet its sales target, Toyota will have to add hybrid engines across its vehicle fleet, including trucks.

An average SUV will consumer 20 liters (five gallons) of gas over a 100 kilometer (62 mile) trip, compared to a hybrid which will take just four to five liters (1.1 to 1.3 gallons) of gasoline.


what average suv gets 12mpg and what hybrid suv gets 50mpg?

However I give toyota a thumbs up for making such a bold move int he market.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: charrison
Originally posted by: dmcowen674
Right around $3 in California according to folks in Off Topic. :thumbsup:

Around $2.30 - $2.40 (off brand Vs chain) here now.

Why do the P&N folks fudge the truth???

no overnight 30 cent spikes eitherhere..

Wow cool link, the link master :thumbsup:

That looks very accurate for the main chain stations like Shell, Exxon etc.

It doesn't show the off brands like I have one closest to my home. They typically lag the chains quite a bit. While the chains have steadily gone up to $2.40 here over the last 3 weeks the off brand hund around $2.09 then shot up to $2.29 overnight.
 

Stunt

Diamond Member
Jul 17, 2002
9,717
2
0
Dave, instead of complaining about these companies, invest in them!

Oil is a commodity and most suppliers of commodities take a percentage off the top for a product with high demand and limited supply. I don't see you complaining about steel prices, seafood prices, gold prices, software prices, etc

All these companies take a bit of the top, all generate profits, all are deserving of those profits. Fact is, oil companies are not any more profitable than many other industries, including pharma, software, high-tech, other metal producers. Oil companies are not out there to be a charity for people!

On a lighter note, I invested some money out of my savings during university last August, and it's up 77%.

I fully support higher oil costs...everything about them is good.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: Stunt
Dave, instead of complaining about these companies, invest in them!

Oil is a commodity and most suppliers of commodities take a percentage off the top for a product with high demand and limited supply. I don't see you complaining about steel prices, seafood prices, gold prices, software prices, etc

All these companies take a bit of the top, all generate profits, all are deserving of those profits. Fact is, oil companies are not any more profitable than many other industries, including pharma, software, high-tech, other metal producers. Oil companies are not out there to be a charity for people!

On a lighter note, I invested some money out of my savings during university last August, and it's up 77%.

I fully support higher oil costs...everything about them is good.

I didn't say it wasn't.

Gas prices should in fact refelct the real costs.

Based on price per barrel now, Gas should be at $6 a gallon but they know that would cripple the Global Economy not just the U.S.

They were given permission to raise the price to $3 in the U.S. 3 weeks ago.

It should be $6 a gallon. I repeat it should be the $6 gallon based on the price of Oil.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: dmcowen674
Originally posted by: Stunt
Dave, instead of complaining about these companies, invest in them!

Oil is a commodity and most suppliers of commodities take a percentage off the top for a product with high demand and limited supply. I don't see you complaining about steel prices, seafood prices, gold prices, software prices, etc

All these companies take a bit of the top, all generate profits, all are deserving of those profits. Fact is, oil companies are not any more profitable than many other industries, including pharma, software, high-tech, other metal producers. Oil companies are not out there to be a charity for people!

On a lighter note, I invested some money out of my savings during university last August, and it's up 77%.

I fully support higher oil costs...everything about them is good.

I didn't say it wasn't.

Gas prices should in fact refelct the real costs.

Based on price per barrel now, Gas should be at $6 a gallon but they know that would cripple the Global Economy not just the U.S.

They were given permission to raise the price to $3 in the U.S. 3 weeks ago.

It should be $6 a gallon. I repeat it should be the $6 gallon based on the price of Oil.



Why should they 6/gallon and who is subsidizing the other 3.50/gallon.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: charrison
Originally posted by: dmcowen674
Originally posted by: Stunt
Dave, instead of complaining about these companies, invest in them!

Oil is a commodity and most suppliers of commodities take a percentage off the top for a product with high demand and limited supply. I don't see you complaining about steel prices, seafood prices, gold prices, software prices, etc

All these companies take a bit of the top, all generate profits, all are deserving of those profits. Fact is, oil companies are not any more profitable than many other industries, including pharma, software, high-tech, other metal producers. Oil companies are not out there to be a charity for people!

On a lighter note, I invested some money out of my savings during university last August, and it's up 77%.

I fully support higher oil costs...everything about them is good.

I didn't say it wasn't.

Gas prices should in fact refelct the real costs.

Based on price per barrel now, Gas should be at $6 a gallon but they know that would cripple the Global Economy not just the U.S.

They were given permission to raise the price to $3 in the U.S. 3 weeks ago.

It should be $6 a gallon. I repeat it should be the $6 gallon based on the price of Oil.

Why should they 6/gallon and who is subsidizing the other 3.50/gallon.

Oh come on, you already know the answer to that question.
 

Stunt

Diamond Member
Jul 17, 2002
9,717
2
0
Gas is a commodity...it is subject to supply and demand...

Same reason electricity costs more in peak hours, demand for fuel is higher on the weekend, etc.

I'm not understanding how gas prices do not reflect the "real cost"
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: dmcowen674
Originally posted by: charrison
Originally posted by: dmcowen674
Originally posted by: Stunt
Dave, instead of complaining about these companies, invest in them!

Oil is a commodity and most suppliers of commodities take a percentage off the top for a product with high demand and limited supply. I don't see you complaining about steel prices, seafood prices, gold prices, software prices, etc

All these companies take a bit of the top, all generate profits, all are deserving of those profits. Fact is, oil companies are not any more profitable than many other industries, including pharma, software, high-tech, other metal producers. Oil companies are not out there to be a charity for people!

On a lighter note, I invested some money out of my savings during university last August, and it's up 77%.

I fully support higher oil costs...everything about them is good.

I didn't say it wasn't.

Gas prices should in fact refelct the real costs.

Based on price per barrel now, Gas should be at $6 a gallon but they know that would cripple the Global Economy not just the U.S.

They were given permission to raise the price to $3 in the U.S. 3 weeks ago.

It should be $6 a gallon. I repeat it should be the $6 gallon based on the price of Oil.

Why should they 6/gallon and who is subsidizing the other 3.50/gallon.

Oh come on, you already know the answer to that question.

No I dont dave...answer the question...

 

mithrandir2001

Diamond Member
May 1, 2001
6,545
1
0
The Man continues to screw the little guy.

Corporate interests ship American jobs to China. China, being less energy-efficient, requires more energy to make the products we used to make. Now we have more competition for oil. Up go prices. So not only do you lose your job, you have to pay a hell of a lot more to fuel your car and heat your house. Thanks cons!
 

Stunt

Diamond Member
Jul 17, 2002
9,717
2
0
Originally posted by: mithrandir2001
The Man continues to screw the little guy.

Corporate interests ship American jobs to China. China, being less energy-efficient, requires more energy to make the products we used to make. Now we have more competition for oil. Up go prices. So not only do you lose your job, you have to pay a hell of a lot more to fuel your car and heat your house. Thanks cons!
So you spend more on gas, way less on the rest of your goods and services...cry me a river :roll:

Go ahead and blame conservatives...
 

zendari

Banned
May 27, 2005
6,558
0
0
Originally posted by: dmcowen674
Up another 20 cents yesterday, many stations now bewtween $2.40 and $2.60 here.

Many stations now over $3 in California as they start heading towards $4 :thumbsup:

Went down $.10 here. $2.15 on Thursdays.
 

piasabird

Lifer
Feb 6, 2002
17,168
60
91
Thes are probably the same people that keep buying the Ford Expedition and cant figure out whay Gas costs so much. The rest of the world is using more gas. When everyone in China decides they can buy a car, we are in trouble.
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
Originally posted by: piasabird
Thes are probably the same people that keep buying the Ford Expedition and cant figure out whay Gas costs so much. The rest of the world is using more gas. When everyone in China decides they can buy a car, we are in trouble.

It was strange to see China had actually dropped oil useage by 1% through the first half of the year vs the previous year (thead here earlier).

Gas rose to $2.40-2.48 regular in Lexington over the last few days. Haven't checked in the last 2 days though.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: zendari
Originally posted by: dmcowen674
Up another 20 cents yesterday, many stations now bewtween $2.40 and $2.60 here.

Many stations now over $3 in California as they start heading towards $4 :thumbsup:

Went down $.10 here. $2.15 on Thursdays.

Where the heck are you that Gas actually went down a dime???
 

hardwareguru84

Senior member
May 29, 2004
251
0
0
Originally posted by: Engineer
It was strange to see China had actually dropped oil useage by 1% through the first half of the year vs the previous year (thead here earlier).
Not really. China sets the price for oil, and all that, and given that the price has jumped it was actually costing the Chinese refiners money so imports dropped and they worked with the inventories they had available to them for exports. At least that's what I've been reading.
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
Originally posted by: hardwareguru84
Originally posted by: Engineer
It was strange to see China had actually dropped oil useage by 1% through the first half of the year vs the previous year (thead here earlier).
Not really. China sets the price for oil, and all that, and given that the price has jumped it was actually costing the Chinese refiners money so imports dropped and they worked with the inventories they had available to them for exports. At least that's what I've been reading.

I thought that their conversion from oil fired to nuclear power was a big reason for the drop in oil useage?
 

umbrella39

Lifer
Jun 11, 2004
13,816
1,126
126
Originally posted by: dmcowen674
Originally posted by: zendari
Originally posted by: dmcowen674
Up another 20 cents yesterday, many stations now bewtween $2.40 and $2.60 here.

Many stations now over $3 in California as they start heading towards $4 :thumbsup:

Went down $.10 here. $2.15 on Thursdays.

Where the heck are you that Gas actually went down a dime???

 

zendari

Banned
May 27, 2005
6,558
0
0
Originally posted by: dmcowen674
Originally posted by: zendari
Originally posted by: dmcowen674
Up another 20 cents yesterday, many stations now bewtween $2.40 and $2.60 here.

Many stations now over $3 in California as they start heading towards $4 :thumbsup:

Went down $.10 here. $2.15 on Thursdays.

Where the heck are you that Gas actually went down a dime???

I was in southern NJ at the time. Gas is cheap here, although my car insurnace was $1600 last year.
 

dontknow1

Junior Member
Aug 6, 2005
14
0
61
Have you figured out how much you pay for a gallon of any liquid material soda/ perfume/ cough syrup etc, You will see that you pay a lot more for those liquids than you do gas.
 

conjur

No Lifer
Jun 7, 2001
58,686
3
0
Originally posted by: dontknow1
Have you figured out how much you pay for a gallon of any liquid material soda/ perfume/ cough syrup etc, You will see that you pay a lot more for those liquids than you do gas.
BWA HA HA HA HA HA HA!!

I love these idiotic comparisons like this. They crack me up.


BTW, how long does a gallon of cough syrup, soda, perfume, etc. last in your household? A gallon of gas will last me about one day.
 
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