Already 2.30 in south eastern Wisconsin and northeastern Illinois.
It seems to me, the more the media talks about how high the price of gas might be going up, the more it does go up. Just an observation!
Last time I was in SoCal, we drove up the 101 to Goleta. On the way up, I was struck by all the oil derricks we could see offshore. I find ironic they are paying the highest prices. Years of liberal control...
Bread is more expensive than ever.
Grass seed is more expensive than ever.
Clothes are more expensive than ever.
Everything is more expensive than ever.
And every day that oil/gas gets more expensive its a "new record high" an endless supply of headlines for us.
Buy Oil stocks.
Prices in NJ are around $1.99 a gallon for regular.
In Pennsy across the river it's about $2.19.
Unless prices spike much higher, I don't envision people going bankrupt over the latest surge of price spikes, especially if they begin to moderate and go down as drillers get more out of the ground.
Yesterday, I got nailed for $2.44/gallon here in Las Vegas.
$2.18 today in central Michigan
My mind was blown today when, in the heart of Houston, I saw prices for regular range from $2.02 to $2.15. No matter how you slice it, this is BAD news for Bush.
Wait a minute all the poor illegal aliens can't afford the increase....
Can someone explain why gas prices are so high? Assume complete ignorance of even basic economic theory.
Speculation is killing the market and our economy. I have a bad feeling that prolonged prices in the two dollar range will kill our economy. I hope we can do somthing about it (market wise).
It would be nice to see hydrogen fuel cars or somthing come up that would compete market wise against oil combustion vehicles. That would drive down the market.
Blah, blah, blah. Still lower than before, when adjusted for inflation. Compare the price of a gallon of gas with the price of a pack of cigarettes or a bottle of beer now and 30 years ago. Beer, cigs and gas were all about 35 cents. Cigs are now $4.50 or so, beer is $3 at least, and gas is up to $2.24 here.
Maybe mergers that reduce competition have something to do with it; to wit, ExxonMobil, ChevronTexaco, ConocoPhillips, BP-Amoco-Arco, and Royal Dutch Shell.
I know some of them have reported record earnings in the past year or two.
$ 1.99 yesterday in Cairo, Ga.
That would be nice to get a reduction in the price of gasoline to $2.50 per gallon. Let's hope!
Californians should be walking or riding bicycles as punishment for not pumping their own oil offshore as Texas and Louisiana have done for 50 years. We've carried them long enough.
Honda has a natural gas Civic and a special home unit they are going to introduce so that you can fill your vehicle at home. Natural gas is regulated by the PUC. The range is about 200 miles.
The higher gasoline prices go, the more I am convinced that price fixing is going on.
One example -
Here in our small town right on the interstate, Gasoline prices have shot up 22 cents per gallon in the last 3 days. Yet none of the gas station received a delivery in those days. Yet one after the other (4 within 50 yds of each other), they all raised prices - and all did it literally within minutes of each other.
The gas in they are selling from their tanks today cost them exactly the same that it cost them last Thursday.
My bicycle is already getting increase usage.
OK - so time for some real data - anyone have any inside accurate info on these questions?
1. What is the actual cost to PRODUCE the gasoline being sold TODAY per gallon?
2. What are the gasoline taxes (state gas taxes here: http://www.taxfoundation.org/variousrates.html)
I remember my parents being friends with a service station owner (you know - the type that use to have a service bay or two for mechanicing, tires, belts, etc. and had a full service island and a self service island) when I was a youngster. I vividly remember the owner saying that at the time, his prices were from 2 to 6 cents per gallon over his cost.
Anyone want to bet the margin is higher now? And that's on top of the massive mark-up on all the foods, drinks, and junk they sell at most gas stations now.
Of course, as we preach here on FR - the consumer's dollars are the right way to regulate business. Well - how many of us can or will quit buying gasoline to "send a message"? I will tell you - it's the same number that jumped on the "gas-out" day that has been semi-organized a couple of times in the last few years.
Why do I feel like I'm being robbed every time I have to buy gas? And don't give me any of the poo that gas is still a bargain - it takes a bigger chunk of my check today that it did 10 years ago. And we drive fewer miles than we use to.
I paid $2.40 yesterday. It's going through the roof. Are the "summer blends" out yet? It's amazing they haven't reduced the amound of blends yet. That's something that could be done.