F... gas prices

[Hog1]

I went over to West Palm (the other coast) last night for a concert. I was going to tank up before returning......@ $4.29...per
F.. THAT. I bought like a half tank. Enough to get me back....whoa shit!

[redsk1]

High Oil Prices= Crappy Economy. Well theres more to it than that but it's a big part.

[mredskins]

IT makes me laugh that it will go up in a heart beat but take for ever to go back down. The whole system is a ****ing joke.

[MTK]

Funny how people don't seem to care as much as they did 2-3 years ago. It's like we've gotten used to getting robbed at the pump. $5/gallon is probably right around the corner.

[mredskins]

Originally Posted by Mattyk

Funny how people don't seem to care as much as they did 2-3 years ago. It's like we've gotten used to getting robbed at the pump. $5/gallon is probably right around the corner.

Yea even CNN is pretty quiet on the subject.

[Monkeydad]

Originally Posted by mredskins

Yea even CNN is pretty quiet on the subject.

That's because "their guy" is in office. It can't be denied. If McCain or any other Republican were in charge right now, we'd have the daily reports from gas pumps all over the nation and Libya would be called a "War for Oil" too.

[Alvin Walton]

Originally Posted by Mattyk

Funny how people don't seem to care as much as they did 2-3 years ago. It's like we've gotten used to getting robbed at the pump. $5/gallon is probably right around the corner.

So then whats stopping it from going tp $7.00 by 2014?
$10.00? $11.00? $12.00?
Since the USA sucks down mammoth proportions of gas every year I'd say its time the govt started making some seruios rules or our lifestyles are going to be foxxored big time.

[Daseal]

Simple supply and demand. Some of the largest countries in the world are becoming industrialized. With the rise of demand from India and China there's no doubt prices will go up. I love how people love to preach free market and capitalism -- then bitch when oil companies charge more for gas. They should be doing what nets them the highest profit. Who here has stopped driving? I haven't. It will take a much high price to get me to quit as well.

It's time to start finding renewable energy sources. Not bitch about gas prices.

[BDBohnzie]

Originally Posted by Daseal

It's time to start finding renewable energy sources. Not bitch about gas prices.

This.

My family were trying to figure out which grocery store is best for us, and have stuck with Giant Food strictly for the Shell Gas Points. From our shopping, I save $1.20/gallon at Shell today, paying $2.69/gallon. Was able to fill up both cars for around $70 (around 26 gallons).

Luckily, my job is 3 miles from my house, so I fill up the minivan once every 10 days or so. My wife commutes to Rockville and back (70 miles round-trip) 3 days a week, so she's filling up once every 4 commuting days or so.

I remember in college being able to fill my 12 gallon gas tank for less than $10. And my 88 Accord got 30+ miles to the gallon. Damn, I wish I still had that car.

[mredskins]

Originally Posted by BDBohnzie

This.

My family were trying to figure out which grocery store is best for us, and have stuck with Giant Food strictly for the Shell Gas Points. From our shopping, I save $1.20/gallon at Shell today, paying $2.69/gallon. Was able to fill up both cars for around $70 (around 26 gallons).

Luckily, my job is 3 miles from my house, so I fill up the minivan once every 10 days or so. My wife commutes to Rockville and back (70 miles round-trip) 3 days a week, so she's filling up once every 4 commuting days or so.

I remember in college being able to fill my 12 gallon gas tank for less than $10. And my 88 Accord got 30+ miles to the gallon. Damn, I wish I still had that car.

You might be saving in gas but you spent $1200 in groceries in 30 days!

I too use the gas points at Giant and the program works like this 1 point for every $1 spent. You need 100 points or $100 spent to save a .10 on a gallon of gas. You can use for one fill (one car) a max of 35 gallons and/or 2200 points. Points only last 30 days no roll over.

You can check the rules here under FAQ:

Gasoline*-* Giant

So your above scenario seems off how you got 1200 points and filled two cars doing that. Either your confused or did the math wrong. I just don't know how you got 1200 points in 30 days which would also mean you are filling up somewhere else because you be eating into your points and/or you literally had a one time $1200 shopping trip and in that case gas is not the drain on your budget it is your food bill. Plus how you got the discount on two cars is a head scratcher too me.

Honestly I use the programing but in no way do I think it is some super savings. I have too spend $100 (I realize not hard to do when you have a family) to save a .10 on a gallon gas which equates to me filling my 20 gallon tank and I save a whooping $2.

[over the mountain]

Originally Posted by Daseal

Simple supply and demand. Some of the largest countries in the world are becoming industrialized. With the rise of demand from India and China there's no doubt prices will go up. I love how people love to preach free market and capitalism -- then bitch when oil companies charge more for gas. They should be doing what nets them the highest profit. Who here has stopped driving? I haven't. It will take a much high price to get me to quit as well.

It's time to start finding renewable energy sources. Not bitch about gas prices.

India China are taking up alot more gas. Also gas prospect buying hurts as well. Simply put, people buy up oil which drives the price up, wait alil while, then sell back the oil at the higher rate. Read an article a few years ago where a european rich guy bought a ton of oil then rented out big cargo boats and kept the barrels of oil at the dock, waited for the prices to rise then sold back the oil at a profit.

To your point about capitalism, if the prices of gas get insane then capitalism should kick in and companies will realize there is a huge high return market for alt fuel vehicles. IMO capitalism at its basic core just means if a market/company is out of whack another person/company/market will find a way to do it for cheaper.

As the gas prices go higher = people developing alt fuel vehicles increases.

One day OPEC and these oil rich countries will be hanging by a financial noose b/c they got too greedy and forced us to turn to alt fuel sources. Cant wait for the day and its coming, id give it 20 years. Not that oil will never be used, its used in everything from shoes to soap, etc.

[Slingin Sammy 33]

Originally Posted by Daseal

.....I love how people love to preach free market and capitalism -- then bitch when oil companies charge more for gas.....

It's time to start finding renewable energy sources. Not bitch about gas prices.

I agree we should be working on renewable energy, but the side of the free market being squeezed for the U.S. is the supply side. If the Obama Admin would allow the development of our existing supplies in Alaska, offshore, etc. we could keep our prices reasonable, while at the same time squeezing the economies of folks who we aren't getting Christmas cards from (Venezula, Middle East, etc.). But the Obama Admin and congressional Dems wants higher gas prices to force more "alternative energy" and "public transportation" projects which are as of right now, not cost efective.

Shell Cancels 2011 Arctic Drilling Plans - NYTimes.com

U.S. in Contempt Over Gulf Drill Ban, Judge Rules - Bloomberg

Obama Will Make You Pay Higher Gas Prices | The Foundry: Conservative Policy News.

Offshore Ban and Rising Gas Prices | The Foundry: Conservative Policy News.

[mlmpetert]

Originally Posted by Slingin Sammy 33

I agree we should be working on renewable energy, but the side of the free market being squeezed for the U.S. is the supply side. If the Obama Admin would allow the development of our existing supplies in Alaska, offshore, etc. we could keep our prices reasonable, while at the same time squeezing the economies of folks who we aren't getting Christmas cards from (Venezula, Middle East, etc.). But the Obama Admin and congressional Dems wants higher gas prices to force more "alternative energy" and "public transportation" projects which are as of right now, not cost efective.

Shell Cancels 2011 Arctic Drilling Plans - NYTimes.com

U.S. in Contempt Over Gulf Drill Ban, Judge Rules - Bloomberg

Obama Will Make You Pay Higher Gas Prices | The Foundry: Conservative Policy News.

Offshore Ban and Rising Gas Prices | The Foundry: Conservative Policy News.

You forgot this link:

YouTube - Barack Obama Admits: Energy Prices Will...

[mlmpetert]

Originally Posted by Daseal

Simple supply and demand. Some of the largest countries in the world are becoming industrialized. With the rise of demand from India and China there's no doubt prices will go up. I love how people love to preach free market and capitalism -- then bitch when oil companies charge more for gas. They should be doing what nets them the highest profit. Who here has stopped driving? I haven't. It will take a much high price to get me to quit as well.

It's time to start finding renewable energy sources. Not bitch about gas prices.

But its not so simple. So 2005 was hurricane Katrina and that was primarily a true simple supply and demand problem (plenty of oil, not so many refineries to make gas). 2008 was primarily a oil and commodities speculation problem as is today. There are plenty of barrels of oil out there to indicate much lower prices, its just that there are also a lot of speculators out there for a whole lot of reasons (Middle East unrest, Japan, Obama energy policies, current monetary policy, summer driving and gas blends, hurricane season approaching, Emerging Market growth, global warming, Gulf drilling restrictions, refinery building restrictions, shrinking oil reserves, ect).

Its not like there are only 1000 hotdogs for sale at a baseball game with 50,000 people and the venders are bidding the price up. Theres plenty of hotdogs for this baseball game, its just concern about next seasons baseball game that’s driving the price up for today’s matchup. Plus its not even the fans in attendance or venders that are driving up the price of hotdogs, its people watching the game at home biding on contacts that outnumber the number of hotdogs 10,000 to 1.

Derivatives anrt so cut and dry as a baseball game hotdog (no almost-pun intended!) and are really hard to understand especially in depth but most scholars think that they add to market efficiencies. I wonder if people biding on contracts that have no underlying physical holding creates the opposite effect, especially when it comes to things that can affect people lives like food and oil.

[Monkeydad]

$3.97 here!