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Gas prices...Doh


SSThunder

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Another article about gas prices going up up up!!

 

Link: Gas Prices SUCK!!

 

Article Below:

 

Gas Costs Expected to Be High This Summer

 

 

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Apr 11, 9:01 AM (ET)

 

By H. JOSEF HEBERT

 

(AP) Gasoline prices are displayed at a QuikTrip station in St. Louis, Thursday, April 6, 2006. (AP...

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WASHINGTON (AP) - Pump prices for gasoline are rising with the temperature, and motorists should expect little relief during this summer's heavy driving period, the government reported Tuesday.

 

The Energy Department's new seasonal outlook projects the price for regular grade gasoline this summer will average $2.62 a gallon, 25 cents higher than last summer, barring any unexpected supply disruptions.

 

Gasoline prices have soared since February.

 

Last week motorists paid on average $2.68 a gallon nationwide for regular, an 18-cent increase in two weeks and 40 cents higher than the national average a year ago.

 

 

Growing demand, high crude oil costs, requirements for low-sulfur gasoline and greater demand for corn-based ethanol as an additive all "are expected to keep consumer prices for motor fuels ... high in 2006," said the report by the department's Energy Information Administration.

 

The high prices are not expected to dampen demand during the April-September heavy driving season. Motorists are expected to use an average 9.4 million barrels of gasoline a day, or 1.5 percent more than last summer, according to the Energy Department agency.

 

The agency cautioned that prices can vary by 27 cents to 50 cents a gallon between different regions of the country and that prices could spike higher if there are unexpected supply disruptions caused by the weather or refinery problems.

 

Some analysts said gasoline could return to $3 a gallon or more if crude oil prices increase sharply or there is concern about hurricane damage to producers in the Gulf of Mexico.

 

The markets are likely to be more jittery about the weather this summer in light of the widespread disruption of Gulf oil and gasoline production caused by hurricanes Katrina and Rita last year.

 

Gasoline spiked to a national average of $3.07 a gallon - and considerably higher in some areas - after last year's hurricanes.

 

"News of any developing hurricanes and tropical storms with a potential to cause significant new outages could add to (price) volatility ... in the latter part of the summer," said report said.

 

Prices at the pump have been climbing since February when the national average for the month was $2.25 a gallon.

 

High crude oil costs are partly to blame. Light, sweet crude for May delivery rose 61 cents to $69.35 a barrel on the New York Mercantile Exchange by midday Tuesday in Europe. The contract rose $1.35 to settle at $68.74 on Monday.

 

The Energy Department's report said that crude oil is expected to remain high, averaging $65 a barrel for the year. But it said gasoline costs are expected to outstrip crude prices as demand for gasoline remains high and refiners assume additional costs because of new low-sulfur requirements and the phaseout of MTBE as a clean-air additive.

 

Three of the biggest refiners - Valero Energy Corp. (VLO), Exxon Mobil Corp. (XOM) and Shell Oil Co. - said they will stop putting MTBE into gasoline beginning May 5. Valero estimates that will shrink the nation's gasoline supply by 145,000 barrels a day.

 

At a congressional hearing last month, EIA Administrator Guy Caruso said about 130,000 barrels of ethanol, a substitute additive for MTBE, will be needed. That's about 50 percent of current output.

 

The demand for more ethanol has caused the price of the corn-based additive to surge to about $2.75 a gallon, an increase of about 50 cents a gallon.

 

The additives account for about 10 percent of gasoline volume in areas where they are used, so a 50-cent increase in ethanol translates into about a nickel a gallon boost in the fuel's cost to motorists.

 

Bob Dinneen, president of the Renewable Fuels Association, a trade group that represents the ethanol industry, told a Senate hearing last month that the industry will be able to meet ethanol demand even as refiners move away from using MTBE.

 

He said the industry is filling East Coast ethanol storage tanks and contracting barges that can ship ethanol down the Mississippi River to Gulf Coast refiners and up the Atlantic seaboard.

 

"The market is responding," he said. But he also said it was the oil industry's decision to stop using MTBE this soon.

 

Last year, Congress as part of broad energy legislation lifted the requirement that refiners include 2 percent oxygenate - MTBE or ethanol - in gasoline sold in areas having clean air problems, clearing the way for refiners to stop using MTBE.

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  • 2 weeks later...
took this pic this morning where we fuel up our trucks.... :banghead:  :mad:  :puke:  :icon_bs:  :tear:

 

 

 

THIS IS GETTING OUT OF CONTROL... :icon_bs:  :icon_bs:  :icon_bs:

 

:seeya:

That's feakin' crazy. I got 93 today at $3.009 so I guess it could be worse. I used to get 12 or 13 gallons on a $30 purchase. This morning I almost got 10 gallon. Really pisses me off. All over fears Iran will cut production when you know they won't. :banghead: I think the Oil companies aer just running up the price. Lord know they need more money :mad:

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I read something saying in British Columbia (yes thats part of Canada) it is supposed to spike to $1.50 a litre ($5.68/U.S. gallon) for May long.  So don't complain just yet!!!!

 

I second that. I'm from Ontario, Canada & were paying $1.20 a litre for 91 octane & rising quickly! But I love driving my SS & I sure won't park it because of the increase gas prices!! :cheers:

Regards,

SS ON 22S

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This is :icon_bs: IMO. There is a point where "well run business" and complete "I'm taking advantage of your needs" meet.

 

If we were talking about cigarettes or alcohol (I smoke and drink BTW), that would be a different story. You've chosen to smoke or drink. If there are taxes there, then so be it. However, I think the government needs to take gas prices SO seriously..

 

We NEED gasoline to survive as an economy at this point. For those of you in big cities, this is probably different. But with me being 20 miles away from my job with no alternative than to DRIVE to work in my own vehicle, I am hurting here (Please no comments about "if you couldn't afford the gas, you shouldn't have bought the truck" I've been through that $hit enough). Even if I drove a Civic I would be bitching just as loud. I just can't believe that the big-wigs in the gov't can't see the serious impact this could have.

 

Think about it. We're already seeing a sag in the economy. Why? People are paying more for gas and less for other products. The SS community probably isn't seeing the full effect of this, because we obviously have enough money to afford this truck that isn't concerned with fuel economy. What about the ones that aren't? Tell me how this isn't hurting the economy as a whole?

 

I work for a trucking company. We charge the fuel costs back to the customer as part of doing business. Guess what? Gas prices go up, the cost of shipping stuff goes up, and the overall price of EVERYTHING goes up. And the normal Joe Shmo? He gets stiffed with the bill. So he's already paying REDICULOUS prices for fuel just to get to work, and now he has less money to spend on everything else because of the high gas prices. How is this OK?!?!?

 

Sorry for the long post. Not that I think it will make a difference.. :sigh: Just hoping that it will make some people think. :dunno:

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Yep the prices of everything will go up sooner or later. :banghead: My electric bill went up a coulpe months ago because of gas. It went from $55 one month to over $180 the next month. :wtf: I thought something must be wrong but the wife read an article in the news paper saying it was going up and all because of gas prices. It's bad enough some companies increase cost while giving you less product. Gas prices are just :icon_bs: . Even though I will never let gas prices force me to sell the SS it still pi$$es me off to no end :mad::mad:

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NBC news said last night that America consumes 20 MILLION BARRELS a day. The most of any nation in the world. Second was China at 6 and a half MILLION a day and thier demand is growing at an alarming rate. We used to have 6 million in reserves and now have only 1 million. These prices change, because of deregulation and it being traded on the stock market as a commodity. They said to expect it to average out at $3.50 a gallon for the summer.

 

We are screwed. :flag:

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