Amen to that!

 

Just an interesting note on where the cost of a gallon comes from is the fact that my friend who owns a gas station makes .06 cents a gallon for his part. He, of course, gets daily questions about how rich he is getting. Regards

 

Bermuda: $7.50 and up per gallon, 87 octane. Milk about the same.
Boatman

 

V-Power $2.45 per gallon here in West Michigan.

I was just reading an article in time -- an interview with teh CEO of Texaco -- about the oil company posting "record profits." He was pretty open about the need to "conserve" as a means of reducing the demand, and shrugged off the greed issue like he was wearing a rubber suit.

Greed. Pure and simple.

 

An addendum to my previous post. Needed gas real bad this morn so I went to a station near the house. Gas was $2.599 and when I finished, the tab came to $46.20. WOW.

 

$6.00 a gallon in England? Yeah, maybe but theres no where to go tiny little island. Germany samething dinky country. I think you are right it is an unfair evaluation.

We always get that, look at England, France, Holland, yahoo tiny countries. California is bigger than the UK.

I think since this is a huge country that the price of oil has a totally different effect our economy. We have to haul produce from California to New York. Can't do that in England. Hell you could throw the lettuce that far.

The price of oil goes up so does the cost a new house and everything else.
As far as comparing the good old daze and saying adjusted for inflation thats BS. In the good old daze a house in a good area was $12,500.

Today that same house is worth in my area $624,000. Adjust that.

Oil companies are a ripoff always have been always will be.

 

OK, where I live, we are around US$3.00/GL. What really hurts is that within 50 miles of here, we produce over 30% of Canada's oil consumption, (Although most of it goes to the States).and we have more proven recoverable oil reserces than Saudi Arabia.
If we are looking to blame someone, try China. Why do you think the price of oil is going up. Because China is buying a lot of oil to make all the stuff we are buying at Wallmart.
Sorry guys, but if you dont believe me, go to Wallmart and find 10 things that are manufactured and not made in China!!!
You might be able to do it, but it will take you a while.
Fred

 

I just came back from filling up my Titan. Sister said she would pay for the gas so I snuck in premium ( heheheh) 21 gallons =58.00+

 

It was $ 2.34 for 93 here in Northern Vermont today.

 

2.33 for shell v power in pittsburgh

 

around $2.30 for premium i think. which is sad because we make it here in baton rouge

 

Regular $2.47
Premiun $2.74
Long beach California.

 

I am from Jersey and we have probably the lowest prices in the country @ an avg. of $2.25 for primo.

But here is something that was brought up in the news since many, including my father-in-law who's from Scotland, always comment about the price of petrol in Europe. Gas in the US is heavily taxed much like Europe. However, for just base price of gas, Europe has the lowest avg @ $1.72. The U.S. avg is about $1.80. Gas will reach close to $3.00 even if the price of oil were to go down. Unless the feds makes sure that there's no price gouging, which I think is already happening, retailers would never go back to what is already perceived as too low gas prices to begin with....IMHO.

 

Yes no doubt that the oil companies are greedy. No argument there.

As far as the house comparison, lets be real. The 50X price difference between 12.5K and 625K certainly is not to be solely attributed to the cost of fuel. Perhaps somewhat when your talking about building a new house, but when the exact same house that was 12.5K then is $625K now, how does the cost of gas figure into that equation in any substantial way? My Dad told me he was making about $2500 per year in 1950. The guy doing his job today is making about $80K. Now while that isn't a 50X increase, it is 32X.

So while there is in fact is a loss of purchasing power in relation to the house example you used in your location, my house new in 1958 sold for approx 11K. Today it was just recently appraised at $330K. Seems to me thats about a 32X increase, give or take.

I stand by my original statement that we are not that far different today, dollar for dollar, than we were in "the good old daze". Or at least not as far as the cost of gas goes which BTW, was the topic.

Oh and OK, I now consider "that" adjusted.

 

The price of gas affects the price of everything in the world.
Thats all I'm saying. As far as making $80k a year I read somewhere that 60% of this country makes less than 50K a year.

The poverty level in my area is $30,000 a year with a family of 5.
Housing is supposed to be 28% of your income thats impossible with a gasoline budget of $175-200 a month. Add another car and its $350.00 a month.

When theres an adjustment for inflation everything has to be taken into consideration. Hyper inflated housing costs are not part of the equation. The record price of oil is creating some real problems.

Ask GM or Ford. Toyota can't build enough Prius's.

 

I agree Canada has large reserves. Wal Mart I never buy there.
China Inc. Not made in China thats almost impossible to do.

 

$2.89 for 91 octane at the Shell station down the street...

 

2.79 and up around where i live , bummer ain't it ? by now IRAQ owes us a few oil wells , don't ya think! ,

 

$2.39 for premium seems to be the going rate here. A few stations across town are $2.36 There's a shell station right next to the interstat that's $2.49

 

$2.749 for Regular
$2.999 for High Test

El Centro, CA