Oil & Fuel Dire fuel predictions

[jelliott]

I remember pulling up to the gas island at Eller's Grocery in Chesterfield county, VA with my briggs powered minibike back in the late '60's. Had to go inside and get the attendant to come out and pump 5 cents worth of gas! When I graduated to a Yamaha mini enduro, then Honda SL125, I would always wait until I had to switch the fuel petcock to reserve before filling up. If I fueled before going on reserve, I could not get it to take a full quarters worth. I can't remember what the price per gallon was, but it must have been in the mid 20's.

 

[Bird]

I don't recall ever selling a nickel's worth, but had lots of customers buy a quarter's worth of gas. /forums/images/graemlins/laugh.gif In fact, when I was a teenager with my first car, I frequently bought gas two bits or four bits at a time. And in the late '50s/early '60s we expected several customers a day to request a dollar's worth. And our "profit" on a gallon of gas was 3 cents which was only expected the pay the overhead. The profit came from oil (11 to 12.5 cents per quart), filters, wash jobs ($1), grease, flat repairs, etc. And, of course, according to some of the trade magazines at the time, 50% of the service stations in the country either went out of business or sold to a new owner annually. We made a decent living at it by having the right location, providing excellent service, and by not leaving it with employees working for minimum wage; either myself or my dad was always there so it was some long hours for the amount of money made.

 

[rockinmywaypa]

Ian I got a deal. only 73.9 this morning on the way home from work. Couple weeks ago a Zehrs foodmart opened a gasbar and the price was 61.9 .

 

[MikeInIdaho]

Actually the price of cude has not been constant around $30 for the past couple of year. Crude was $20/bbl in the beginning of 2002 and is $32/bbl now.

 

[Hambone]

Wholesale #2 diesel this morning with taxes $1.4982.
Has been going up. Jan 5, 2004 was a $1.3301.

 

[slowzuki]

The price has been up too 0.92 $ a liter here recently, that is 3.48$ Cdn per USgal. At the current exchange, about 3$ a gallon.

Right now it is 0.84 $ a litre, 3.18$ a USgal.

 

[slowrev]

Oh well, my tractor runs on gas and I can make alcohol to run it with if I have to. My observation is that in the last 20 years gas prices have not risen as much as most everything else has. I expect the biggest rises in fuel prices after the November elections.

 

[skent]

In 1964, my dad would send me to the Sinclar station (Dino) with a gallon gas can and a quarter to buy a gallon of gas (was 24.9 a gallon at the time). It was about a mile walk each way. I would always get 23 cents worth of gas and treat myself and brother to a bazoka joe bubble gum. Dad never noticed (at least i think!).

 

[DigginBota]

I'm no fuel price expert but I have been working in Europe recently and seen prices much higher there than the low $1.70/gallon we enjoy here. /forums/images/graemlins/crazy.gif /forums/images/graemlins/grin.gif Recent prices in Germany have been more than $4.14/Gal - (0.87 Euro/Liter)(3.78L/Gal)($1/0.79Euro). Prices in many other countries are even higher. I do not understand how we have consistantly been able to enjoy these lower prices nor how this trend can continue indefinately.

I'm very happy to be back in our great country. /forums/images/graemlins/laugh.gif I did however sell my 5.9 Liter Durango (13.5MPG) in Europe and am considering buying a 45 - 50 MPG Jetta diesel wagon. It's no wonder you see many more diesel powered automobiles in Germany than gasoline.

 

[DaveNay]

Pump price here last night was $1.649/gal. I'll be interested to see what my heating fuel price is when I get a delivery in a few weeks.

Dave

 

[Dave___in___CT]

Diesel $1.75 .9 here.... CT


Dave...

 

[DocHeb]

</font><font color="blue" class="small">( I do not understand how we have consistantly been able to enjoy these lower prices )</font>

The price difference between US and other countries is in the amount of taxes on the fuel. For example, in September 2000, gasoline was selling for $4.71 US per gallon in England - of which $3.40 went to taxes. High taxation on gasoline is an attempt at social engineering by taxation.

Interesting site about gas prices - HowStuffWorks - How Gas Prices Work

 

[KiotiJohn]

I spent last winter living in Merida, Yucatan, Mexico where I paid around $2.25/gal USD. I was happy to have my 30mpg Toyota with me! Today I paid $1.64/gal for diesel at a local station in N.E. Florida. Think I'll get a huge drum and fill it up the next time the prices go down but I'll have to be very quick as they will raise them again in only a few days. John

 

[dmccarty]

Yep its the taxes....

Currently the I'm paying 1.59 for diesel. Of which 42 cents is
on taxes. Around Xmass time it was 1.35ish.

At current prices 42 cents is 26 percent of the cost of a gallon of
diesel....

Later,
Dan

 

[DaveNay]

.......still rising........

/forums/images/graemlins/frown.gif /forums/images/graemlins/mad.gif

 

[texbaylea]

I hate the fuel prices too but may be that if they restore some of the tax advantages for domestic production rather than foriegn, we would see the prices come down. PLUS maybe I could get a lease again on my land. It wasn't much, just $100 or so a month, but it helped. Those small wells don't pay for the producers any more.

 

[zuiko]

It would help stabalize gas prices a lot if we could buy the same blend of gas everywhere.

Another interesting thing is CA is ordering a bunch of OTR trucks reprogrammed so they consume MORE fuel at highway speeds than they do now. It's supposed to lower smog emissions.

 

[DaveNay]

Yeah, the reformulated fuels are a big issue in the half dozen or so major cities that require them. Here in the Chicago area (and all of northern Illinois really) the prices are consistently among the top three most expensive in the nation.

Dave

 

[Ledgemere Farm]

I just read that our "friends" at OPEC are going to cut oil production by 1 million barrels /day in April. Get ready. /forums/images/graemlins/shocked.gif /forums/images/graemlins/shocked.gif /forums/images/graemlins/shocked.gif

 

[frank_f15]

wonder what would happen if we stooped uying thier oil for one week? let them wells fil up and watch how fast the price comes down. this is a very sore sujest with me as i feel that opec and some of our own oil comanies are creating this problem. $$$$$ seems to rule, i guess BILLIONS OF$$$$ is not enough must go for TRILLIONS. OF$$$$$$$. ah whats the point we are going to take it in the shorts not sure this is going to make the cut /forums/images/graemlins/grin.gif sorry moderators!