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Car Forum / Honda Cars / August 2005Gas prices
If its $2.50 -3.00 per gal here whats is the price in Europe? Tom UK was 90 pence a liter last month when I was there. U do the math.... > If its $2.50 -3.00 per gal here whats is the price in Europe? > > Tom $6.87/gallon US at today's rates Mike > UK was 90 pence a liter last month when I was there. U do the math.... > >> If its $2.50 -3.00 per gal here whats is the price in Europe? >> >> Tom Here's whats funny about all this bullshit, if the supply is tight why are there not any lines at the gas stations, I remember in 71 or 72 when the arabs embargoed the US, the stations were closed early and on Sundays. Instead of going to the moon or mars why doesn't the govermemt build refinerys on federal land, at least 10 to start. Sure as hell isn't any crude on Mars or the f.cking moon! Tom > $6.87/gallon US at today's rates > [quoted text clipped - 5 lines] >>> >>> Tom : Here's whats funny about all this bullshit, if the supply is tight why are : there not any lines at the gas stations, I remember in 71 or 72 when the [quoted text clipped - 5 lines] : : Tom It's not a supply problem. It's just the fact that the market for crude is controlled by traders who have the rest of us by the short hairs and know it. Paul Waiving the right to remain silent, "Paul" <paulDONTSPAMMEmueller@mindspring.com> said: >: Here's whats funny about all this bullshit, if the supply is >: tight why are there not any lines at the gas stations, I [quoted text clipped - 10 lines] > for crude is controlled by traders who have the rest of us by > the short hairs and know it. http://money.howstuffworks.com/gas-price.htm  SignatureLarry J. - Remove spamtrap in ALLCAPS to e-mail The United States is the greatest country in the world..! Twenty-five million illegal aliens can't be wrong. >> It's not a supply problem. It's just the fact that the market >> for crude is controlled by traders who have the rest of us by >> the short hairs and know it. > > http://money.howstuffworks.com/gas-price.htm The explanation at that link does not exactly apply to the current situation, particularly the part about "Where the Money Goes". Profits are obscenely higher than 13% for the Oil companies, and the Arabs. Pauls explanation is exactly correct. We thought we were in a bad way when OPEC was controlling the price. We didn't know when we were well off. OPEC certainly could make it higher if they chose to, but they can no longer make it drop significantly, no matter how much they increase production. The traders and speculators are currently controlling that, and probably will for the forseeable future as manufacturing in the third world continues to grow. There is no shortage in the short term, but there is a large increase in demand. Bob > Waiving the right to remain silent, "Paul" > <paulDONTSPAMMEmueller@mindspring.com> said: [quoted text clipped - 15 lines] > > http://money.howstuffworks.com/gas-price.htm >>>It's not a supply problem. It's just the fact that the market >>>for crude is controlled by traders who have the rest of us by [quoted text clipped - 4 lines] > The explanation at that link does not exactly apply to the current > situation damned right it's not applicable. the "crack spread", or the difference between crude & refined fuel, is currently up near 20%. that's scary high and a far cry from more traditional values at around 5%. add to that all the monkey business about reducing calorific values and refineries mysteriously coming off line just like power stations in the middle of the california "electricity crisis", and you have an interesting picture indeed. >, particularly the part about "Where the Money Goes". Profits are > obscenely higher than 13% for the Oil companies, and the Arabs. Pauls [quoted text clipped - 28 lines] >> >>http://money.howstuffworks.com/gas-price.htm Why charge 50 cents a gallon for gas when people will pay $5.00 for it? plan and simple. The market will always go up for gasoline. Right now in the middle east you can buy gasoline right from the cows nipple, and it will only cost you say 0.13 (cents) usd for a gallon. American's still buy expensive cars, drive big a.s SCHOOL bus looking SUV's, and because of it the rest of us have to suffer as you might want to say. We as people need to tell our government, this is enough! Exon posted profits of 7.8 bilion this yr/5.2 billion last yr. You don't need a Stanford Education to fiqure whats really going on! Who's you Daddy?????????? >Waiving the right to remain silent, "Paul" ><paulDONTSPAMMEmueller@mindspring.com> said: [quoted text clipped - 15 lines] > >http://money.howstuffworks.com/gas-price.htm > Exon posted profits of 7.8 bilion this yr/5.2 billion last yr. You > don't need a Stanford Education to fiqure whats really going on! I assume you now have invested heavily in Exxon. If you don't live it, you don't believe it. Mike Waiving the right to remain silent, Andy Dufrense <itsmerw@comcast.net> said: > Exon posted profits of 7.8 bilion this yr/5.2 billion last yr. You > don't need a Stanford Education to fiqure whats really going on! Tree, but even a modest education could show you that oil companies can also lose money, as this cite shows: http://news.bbc.co.uk/1/hi/business/1615961.stm > Who's you Daddy?????????? Why do you ask..? SignatureLarry J. - Remove spamtrap in ALLCAPS to e-mail The United States is the greatest country in the world..! Twenty-five million illegal aliens can't be wrong. That 7.8 was for the last quater, not the whole year. Last year their profit was 25 billion and this year will most likely be in excess of 30 billion. Here in the US we could be happy with the price compared to Europe. Venezuela has gas for 12 cents a gallon. wow.....happy socialists wow again,,,12 cents a gallon..Exxon should pull their supr tankers up to the pump. Then we could have real cheep gas again. wow again 12 cents a gallon > Exon posted profits of 7.8 bilion this yr/5.2 billion last yr. You > don't need a Stanford Education to fiqure whats really going on! [quoted text clipped - 20 lines] > > > >http://money.howstuffworks.com/gas-price.htm Waiving the right to remain silent, "Michael Selin" <mselin@worldnet.att.net> said: > That 7.8 was for the last quater, not the whole year. Last year > their profit was 25 billion and this year will most likely be in > excess of 30 billion. Here in the US we could be happy with the > price compared to Europe. Venezuela has gas for 12 cents a > gallon. wow.....happy socialists wow again,,,12 cents a gallon.. Most Venezuelans live in shanty towns in extreme poverty and can't afford cars. SignatureLarry J. - Remove spamtrap in ALLCAPS to e-mail The United States is the greatest country in the world..! Eleven million illegal aliens can't be wrong. > : Here's whats funny about all this bullshit, if the supply is tight why are > : there not any lines at the gas stations, I remember in 71 or 72 when the [quoted text clipped - 11 lines] > > Paul Don't forget about the "Peak Oil" theory: http://www.peakoil.org/ > Here's whats funny about all this bullshit, if the supply is tight why are > there not any lines at the gas stations, I remember in 71 or 72 when the [quoted text clipped - 5 lines] > > Tom Energy companies are posting record profits. This is common knowledge. They'll use ANYTHING as an excuse to raise the price of oil. A king in Saudia Arabia dies. We should raise oil prices all over the world. There's a hurricane PREDICTED to hit the Gulf of Mexico. We should raise oil prices. You can drive by a gas station on your way to work one morning and on your way home that same station's gas is ten cents higher per gallon. Same gas in the underground tanks! :-( Amazing. If people would stop buying energy/oil companies' stocks, and also start unloading what they have you'd see gas prices come tumbling down. But it will never happen because too many people are making big bucks on energy/oil companies' stocks. No win situation for now. Ron M. >> Here's whats funny about all this bullshit, if the supply is tight why >> are [quoted text clipped - 24 lines] > > Ron M. Investors will not be selling their energy company shares any time soon so you can disabuse yourself of that notion. The way to bring down gasoline and diesel prices is to decrease the consumer's demand. The way to do that is for everyone to drive dinky little cars with 3 cylinder 900cc engines and to make airplane flight illegal except in emergency (whatever the bureaucrats determine that to be). It didn't require the help of Nostradamus to envision today's energy reality after the attacks of 9/11. I dumped my gas-guzzler and purchased a Civic 5-speed soon after that. It also can't hurt to keep some 5 gallon cans around to purchase gasoline on the days when the price is relatively low (don't leave them near the operating gas grill). I endured waiting in 1974 for gas in my '71 Cutlass 350 and vowed to never do that again. Recently the gas lines were a mile long in Pensacola before hurricane Dennis. DejaVu all over again......... >> If people would stop buying energy/oil companies' stocks, and also start >> unloading what they have you'd see gas prices come tumbling down. But it [quoted text clipped - 7 lines] >you can disabuse yourself of that notion. The way to bring down gasoline and >diesel prices is to decrease the consumer's demand. Of course gas and diesel is only a portion of where the oil goes. Maybe you can stop buying products made out of plastic and fill your crankcase and transmission with corn oil as well... -- lab~rat >:-) Do you want polite or do you want sincere? >Instead of going to the moon or mars why doesn't the govermemt build >refinerys on federal land, at least 10 to start. Sure as hell isn't any >crude on Mars or the f.cking moon! Because there's a faction of Americans that don't want them built and don't want us drilling for oil in the US. -- lab~rat >:-) Do you want polite or do you want sincere? >$6.87/gallon US at today's rates ACtually, $6.10.4 as of money, with a bbc reported average of 90.2p/litre, and monday evenings exchange rate. Remmeber uk and us gallons are different sizes. >Mike > [quoted text clipped - 3 lines] >>> >>> Tom >>$6.87/gallon US at today's rates > > ACtually, $6.10.4 as of money, with a bbc reported average of > 90.2p/litre, and monday evenings exchange rate. Remmeber uk and us > gallons are different sizes. I used the currency converter at http://www.xe.com/ucc/ and the conversion of 3.7854 L/Gal (US liquid). I went wrong somewhere, because the number with the rate rate now is $6.18/gallon, which is much closer to your figure than mine. Mike its 4.54Litres/Imperial Gallon >>>$6.87/gallon US at today's rates >> [quoted text clipped - 8 lines] > >Mike |
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