Current US gas prices

[HRTV]

Click on your state and check out the average prices. I nearly fell out of my chair when I clicked on California just for fun, you guys are almost at $4.00 per gallon

Current US Gas Prices

[dcrabtree]

Gas Prices

This is outrageous and the people causing the problem are the same people getting triple pay for less at current prices.Are we going to see new refinerys going up or repairs to the old ones for all the extra cash the oil companys now have running thropugh there fingers? I doubt it.
I think someone ought to check and see just who owns and runs these American oil refinerys.I think all of us will be really surprised at what they find out.And the big question is when the gas prodution gets back to normal will we see a decline in prices?Fox and CNN reported this morning 05/22/07 that the gas makers don't even have enough on hand for the memorial day weekend.
I don't know if its going to help but i'm writing every congressman,senator on both state and federal level to quit sitting around and get ahold on things here.This is totally ridiculous.

[14-H]

Shortage of refineries

The oil companies are not the problem with the lack of refineries; the environmentalists, the NIMBY crowd and the lawyers are; they block any attempt to build one. A new refinery has not been built in the US since the mid 1970's when the population was about 50 Million fewer people. We are currently importing refined fuels now due to the shortage of refineries in addition to crude oil. This is like importing liquid coffee rather than just the beans: hugely inefficient and expensive.

Just try getting a federal law passed cutting through local regulation in order to build one, though. It'll never happen.

[Richard K.C. Mo.]

Goldmine/shaft

The american worker sure has had a change since the 70s, used to make about $10.00 an hour then .30 cent gas current wages about double. $4.00 gas just around the corner. Guess we know what part of the goldmine american worker got!!!
RichardKCMo
PS sure curtailed my boat racing related activitys.

[Dave M]

It is near

Just paid $3.51 for some gas this morning here....... and what is even more stupid, is the gas stations have a cut off at either $75.00 or $100.00. Takes $120 or so to fill up my tank in the truck. Talk about a wake up call...... Not only am I pissed about the price to fill up, I then have to do it in two times........ you would think they would adjust the pumps to accomodate. Unless there truly is a shortage and they have to limit you.......

It just plain sucks.... CNN has good reporting on gas prices, you can read the whole stories and I imagine most of it is the truth.

I guess they really want us to change our lifestyles. It said that until consumers start changing usage the price will rise. The price per gallon is no longer tied to how much a barrel of oil is traded for now. It will not effect price per gallon even if Oil drops to below $60.barrel. Oh yeah, you can thank all your futures stock traders for some of this mess.....

[dholt]

Follow the Money...

Anyone think BP or Shell gives a crap about spending money to build a refinery even if there were no EPA laws?

All it would do is increase supply and reduce prices...thus lowering profits.

What possible incentive is there for them to produce more gasoline?? They're making record profits right now.


By the way, I'd like my daughter to breathe clean air and drink uncontaminated water. **** those environmentalists for thinking about someone other than themselves. Who do they think they are?

[ricochet112]

With China expected to use more petroleum than the US in the near future, it's not a matter of if but when at China's current consumption level, China will have an equal impact as the US on what crude futures go for. The demand will always be there, and were dealing with a limited supply of crude, so the price will continue to go up. No matter how many more wells we dig or how many refineries we build, it won't change the fact that world crude oil extraction is going to peak soon, estimated at the year 2010. This is just the tip of the iceberg for gas prices going up.

Light sweet crude futures, what a few people think it MIGHT be worth is sending the price through the roof, more than most other factors, except maybe how much Saudi Arabia decides to produce.

BUT that doesn't change that fact that the oil companies are gouging us now! I'm assuming they know the future is limited for their survival and they're making record profits because they won't have a job eventually. Be it 50 or 100 years from now things will be very, very different for internal combustion engines.

Whether you believe the planet is 7,000 or 3.85 billion years old, the fact that we've only been pumping crude out of the ground for about 120 years is a blink of the eye in this planets timetable. This is a catastrophe (running out of oil) that has been expected when OPEC first reduced production in 1973, the oil embargo. The world economy (and politicians) are driven by crude oil. If you want more insight on what goes on behind closed doors in the world crude oil market read "Sleeping with the Devil" How Washington Sold Our Soul for Saudi Crude, by Robert Baer. Robert Baer was a CIA case officer in the Directorate of Operations from 1976 to 1997, where he served in Middle Eastern countries, including Iraq.

[ricochet112]

By the way, I'd like my daughter to breathe clean air and drink uncontaminated water. **** those environmentalists for thinking about someone other than themselves. Who do they think they are?[/QUOTE]

But that hurts the Neo-Cons stock portfollio in the short term

[Dr. Thunder]

The american worker sure has had a change since the 70s, used to make about $10.00 an hour then .30 cent gas current wages about double. $4.00 gas just around the corner. Guess we know what part of the goldmine american worker got!!!
RichardKCMo
PS sure curtailed my boat racing related activitys.

Won't be long before a gallon of gas will cost the smokers as much as a pack of cigs ... I suppose the smokers will just stop smokin'

PS: Will gas prices really curtail racing activity? Here's my math on the situation here in Region 10: 5000 miles to/from races (not counting Nationals) ... at 10 miles to the gallon it will cost about $400 more this year to race than last year ... about $40 per race (10 races, 500 miles round trip .80/per gallon increase over last year at this time)

[Richard K.C. Mo.]

Sounds pretty unamerican to me

Good to see we have so many nationalists.!!!

Richard, It's interesting how we can move numbers around just a little to make a point, let me adjust your numbers just a bit. I worked at a gas station in 1974 and I'm pretty sure gas was in the .40 a gallon range. If I remember correctly I was paid about $2.50 an hour. In 1978 I worked in a small UNION machine shop, top pay for a mill operator was less than $8.00 an hour and again if I remember correctly gas was in the .60 per gallon range. Now here's the point I want to make, Are we Americans entitled to $2.00 gasoline so we can continue to burn it like water, and if so where is it written? The Bill of Rights, The Constitution, on our Birth Certificates? I don't know how much gasoline our country uses in a day but I'm guessing it's more than anytime in history and that is the main reason for the price!!! People need to stop whining for just a minute and think about how good we really have it. I can think of three things to do if you don't like the gas prices, Quit using it, drill your own oil well and build your own refinery, or move to a sand dune in the Middle East.

[ricochet112]

[QUOTE=Brian Matheson;79957] I worked at a gas station in 1974 and I'm pretty sure gas was in the .40 a gallon range. If I remember correctly I was paid about $2.50 an hour. In 1978 I worked in a small UNION machine shop, top pay for a mill operator was less than $8.00 an hour and again if I remember correctly gas was in the .60 per gallon range.

I worked my dad's Chevron service station during the 1973 oil embargo. What I remember in the spring of '74 is, gas went from .38 to .74 in about a month or 2. Then gas prices spiked again in 1980 (1981?), after adjusting for inflation, the 1980 spike is about what we're experiencing now.

[Richard K.C. Mo.]

Inflation funny thing!!!

Started in 99, took a little while ,but we have these problems at change of administations ,seems more so when we're LIberal, but what do i know i've only been through 6.
RichardKCMo[QUOTE=ricochet112;79960]

I worked at a gas station in 1974 and I'm pretty sure gas was in the .40 a gallon range. If I remember correctly I was paid about $2.50 an hour. In 1978 I worked in a small UNION machine shop, top pay for a mill operator was less than $8.00 an hour and again if I remember correctly gas was in the .60 per gallon range.

I worked my dad's Chevron service station during the 1973 oil embargo. What I remember in the spring of '74 is, gas went from .38 to .74 in about a month or 2. Then gas prices spiked again in 1980 (1981?), after adjusting for inflation, the 1980 spike is about what we're experiencing now.

[T Chance]

30 years ago my daily driver was a 3/4 ton Chevy pickup with a 350 (I couldn't afford two cars and I had to tow a trailer). I didn't even get 10 mpg. Today my daily driver is a little Kia Rio and I get over 35 mpg. Considering the money my Wife and I earn today compared to 1977; we have to work fewer hours to go more miles. That all changes when I hook the Van up to the race trailer, then I ***** just like everybody else.

[14-H]

Whose fault?

I still don't blame the oil companies. They have something people want. Why does that make them evil? If you just won the nationals and demand 1000 bucks for your prop, does that make you a prick? No. That is what it's worth.

It's simple economics: increase the demand and leave the supply the same and price goes up; it doesn't matter if you're talking about oil or milk. Without refineries, we can only provide a certain level of supply (even with the demand of 50 million more people).

And, by the way, Dave: If you believe everything you hear on the news (especially CNN for God's sake) we need to have a serious talk. I'll see you at Huntington: you bring the beer.

Too, Dana: If you think the current environmental movement is only concerned about clean air and water, you've been watching too much CNN also. Ed.

[ricochet112]

Too, Dana: If you think the current environmental movement is only concerned about clean air and water, you've been watching too much CNN also. Ed.[/QUOTE]

Is there some hidden agenda of the environmentalists?