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Gas Prices

Posted: Sun, Nov 09 2008, 02:20 PM
by Mike
I just paid $1.91 for gas!
I never thought I'd see under $2 again.

I know you Chicago area guys always pay more, so nyah, nyah ;)

Re: Gas Prices

Posted: Sun, Nov 09 2008, 05:05 PM
by brownssl
$2.09 IN PONTIAC

Re: Gas Prices

Posted: Sun, Nov 09 2008, 05:40 PM
by Jeepster
Mike wrote:I just paid $1.91 for gas!


It's $1.94 here in Washington.

Re: Gas Prices

Posted: Sun, Nov 09 2008, 10:05 PM
by Frodos Majik
and yet the oil companies said they were not gouging us?!! highest recorded last quarter profits?!!! :evil:

Re: Gas Prices

Posted: Mon, Nov 10 2008, 05:43 AM
by TeamTrejo
$2.17 up North

Re: Gas Prices

Posted: Mon, Nov 10 2008, 10:45 AM
by Jeff
Frodos Majik wrote:and yet the oil companies said they were not gouging us?!! highest recorded last quarter profits?!!! :evil:


It would be nice if it were that simple, but it never is. Yes, oil is a profitable business, but...

58% of the cost you pay for gas is just the price of the crude oil from the source.

During the run-up of prices this year, the cost of crude oil went from about $86 per barrel, up to almost $150 per barrel. That's a 74% increase in cost.

During that same time, gas prices in Illinois went from an average of about $2.92 per gallon up to about $4.19 per gallon. A 44% increase.

Since then, crude oil prices have plummeted. From the high of around $150, it's now down at about $61. Crude oil hasn't been this cheap in almost 2 years, and the price at the pump is right down within a few cents of what it was back then.

Either way, the oil companies will make lots of money. But what we're paying is tracking pretty well with crude prices.

Re: Gas Prices

Posted: Mon, Nov 10 2008, 11:01 PM
by Frodos Majik
Still GREEDY ********!!!

What kills me even more is when the price of the barrel did go up, we paid for it at the pump the same day, and that fuel was NOT even there yet!!!

I have admit it is nice to not have to close the bank account to fill the tank right now, but wait till spring/summer time rolls around again. Guaranteed!!

and thats all I want to say. :up:

Re: Gas Prices

Posted: Tue, Nov 11 2008, 08:07 PM
by Hector Herrera
$1.91...Not bad fellows, Last Sunday I went to Cosco Stores to fill my car gas tank, at this place, it is one of the lowest prices all around..
For us Californians...$2.43... for the 87 octane.

Re: Gas Prices

Posted: Wed, Nov 12 2008, 09:42 AM
by Jeepster
Gas was $1.89 this morning.

Does any one else remember when gas was less than $0.30 per gallon and the gas stations gave away gifts to get you to use their station? Actually the lowest I can remember buying gas for was $0.17, but that's another story.

Cheers,
Tom

Re: Gas Prices

Posted: Wed, Nov 12 2008, 10:09 PM
by Mike
wow, I sure don't remember ever paying that little. Thanks for making me feel young :-)

Re: Gas Prices

Posted: Wed, Nov 12 2008, 11:31 PM
by Frodos Majik
Tom you are stepping in the way back machine a little further then I can remember for the cost of gas. That being do to the fact I was not paying for it at the time, but I do remember the stuff being given away. Like the glassware and the toy cars. Yes my dad had gotten me some of those wonderful cars and I DESTROYED them all over the years playing with them. To bad I am sure they would fetch a pretty penny now a days. If memory serves me correct I think Texaco was real good for a lot of that stuff.

Re: Gas Prices

Posted: Thu, Nov 13 2008, 05:50 PM
by Jeepster
Gas in Gridley this afternoon was $1.79 ...

Re: Gas Prices

Posted: Fri, Nov 14 2008, 12:19 AM
by Jim Foster
Gas just went to $1.99 in the Sacramento area. In the south, Orange county, Costco is $2.25 for 87 today.

It will be interesting to see just how long this does last.

I've had a question in my mind for several weeks now, and just the other day someone on the radio, can't remember just who, expressed the same thought.

Much, if not most, of the oil-dependent world is taking steps to lessen their dependence on Middle East Oil. Hardly a day goes by that some group or company doesn't make the news about electric cars, or wind power, or solar power, or something of that nature, to reduce that dependence.
If you had all the oil in the Middle East, What would you do? Raise the price or lower it?

When I was a Snap-On tool dealer, if the auto companies were going to start building cars that needed no tools, I would have dumped my inventory as fast as I could.

The Middle East only has two things to export, oil and terrorism, and the second doesn't bring in much money.
They could get caught over their own barrel, so to speak. And wouldn't that be just toooooo bad.

Just a thought.