It is my understanding from what I have read is that the problem is not with the world oil supply , but the demand is too great on the market for the current refineries to keep up with .
We have had more refineries shut down in the past decades , and no new ones going online . the ones that are open are at full capacity and the demand is stronger , Hence the high prices .
If the gov. will cut down on pollution red tape crap and allow more new refineries to go online , gas prices will fall !
We now have been programmed by the oil companies that $2 range is a bargain these days , and I remember when $2 / gallon was highway robbery !
But the current gov is not going to step in before a new president is elected . Last I checked the Bushes were in the oil business . What's the hurry . hmmmm
but hey we are all getting stimulus checks , spend them on gas !

 

We're at $3.59.9 here just south of Philadelphia, but it cost a tad higher in the city itself. We're kinda lucky(If there is such a thing) as we have the Sunoco refinery right here on the Delaware River. But the station owner warned me this morning "It's gonna go up some still this summer!" man this really stinks. I don't know how this all happened. I thought that with our forces in Iraq the fuel situation would be better than it is?

 

FYI, the USA and coalition forces are also paying increased prices for fuel while they're in the middle east. That's what has many USA lawmakers upset, that we're paying increased fuel prices along with other associated war costs, while the government of Iraq isn't giving the USA or coalition forces any "deal" on fuel or paying their fair share of the war.
It kind of negates the initial argument that the war was all about oil. There's nothing we can do about it, so no sense in wasting "energy" on griping...

 

Yes I realize that. I read an article about the civilian truck drivers in Iraq, and well to make a long story short, these guys drive the truck only half way, stop, drain half of the tanker load and refill it to the top with water. These guys only have to make five or six trips and even if they get fired they've already made a boatload of cash on the black market selling the fuel ? USA today. One of my best friends is an Iraqi and his family lives in Basra and he tells me of a number of scams run by the thieves who are there.

 

3.38 for reg 3.58 for prem out in the midwest wichita Kansas. Ive tried 89 octane in the vette and it didnt seem to make much of a difference has anyone tried regular? I know alot of people never run anything but 91 octane but with these gas prices Im wondering if ya use regular and just put some gas additive in it might be cheaper? any thought?

These prices are getting out of hand, before ya know it they will play **** on the gas pump screen so when you are paying 5 bucks a gallon you arnt the only one getting F##ked!

 

Filled up at Shell for 3.959 @ gal. here in Reno, for 91 octane.

 

welcome to 1974 (if you are old enough to rmember) and BTW remember what happened to gas prices from 1975-1982

 

Regular was about 3.45 here in Minneapolis.

Several economic items worry me.

1. Gas prices, as we've been discussing here. I clearly remember the inflationary 1970s, triggered by the 1973 Arab Oil Embargo -- inflation 10 to 12% a year. Car loans at 15 - 20%. Was ugly.

2. Mortgage crisis. Just read an article that first-quarter 2008 foreclosures in California rose 327% when compared to 2007. An average of 500 PER DAY went into foreclosure during during the first quarter of this year.

3. I receive a monthly newsletter from TransUnion, a credit reporting agency. The last issue stated that the 'average American' (singular, not family) is carrying about $8,400 in credit card debt. This implies that a couple is carrying $16,800.

4. One third of all potential new car buyers owe more on their trade-in than what it's worth. Plus -- 60-, 72- and 84-month loans are becoming common (and I'm not just talking Vettes here).

I was thinking about trading for a C6 -- but not now: NO NEW DEBT FOR THIS SODBUSTER!

 

I was very surprised yesterday, Chevron, Tampa Fl 3.75+9/10
More bad news. Was reading an MSN report that gas prices may rise from $117 per barrel to $180.00 per barrel in the next two years.
What I can't understand is this: In 2004 a quart of crap oil at a handy way 7-11 what ever costs $.99 That same crap oil is still around $1.25 if not cheaper. Oil is oil right. So if you can still get crap oil in discount stores for around a buck. How come gas is so high? Every one passes the buck, it's always some body else's fault. If crude oil is $117 per barrel then how come crap oil is not 3 or 4 bucks for a quart? I’m finished. And no, I’m not going to sell my car so the economic terrorists can fell good about screwing with our way of life. We have all the crude oil we need in the gulf off Florida, Alaska, and right here in the USA. We need to start using our resources. If I offended any tree huggers, oh well.

 

3.64 for 93 on saturdays fill up

 

The "crap" oil hasn't been refined into gasoline. Read through some of the previous posts about refineries...or rather the lack of new refineries being built in the USA. Some refineries have been closed for whatever reasons, some have been damaged in natural disasters, etc...

 

we just need a cheaper alternate source of power, once that is discovered, we will have the oil companies byt the *****!

remember when aol was the only top email provider charging 24.95? remember when MCI and sprint were the only long distance carriers?

it will come...have faith!

 

I must say you are very correct. I actually work at an oil refinery and can say we are in the middle of a multi billion dollar project to double the size of our largest refinery. Even with all of the expansion projects at our and other companies' refineries, the deman is too great for the system on a global scale.

If you want gas prices to go down, tell China to stop sucking up all of it. One of the largest reasons for the higher demand is because China has finally entered the 21st century and with that comes major consumption.

You can not fault the oil companies for the price of gas as they make VERY little per gallon. They make less per gallon than the government adds to the price via taxes.

Of course they will have multi billion dollar profits when we are selling every last drop that is produced unlike years before. There is no current oil shortage and probably will not be for years and years to come, however until we can find a way to increase refining of it, we will be stuck with continued price increases.

 

3.50/gal here on Hampton, VA. It's ridiculous how high prices are. I still remmember when I paid 0.28/L (about 1.06/gal, they sell it per liter in Puerto Rico) when I bought my very first car 7 1/2 years ago. And yet here we are, with prices almost 4 times higher. Something needs to be done about this soon. But I won't stop driving and much less sell the Vette over this. I actually bought the Vette to get better mileage in addition of being the car I aleays wanted (my prior car was a BMW 540, 17.5 mpg average on 93 octane gas).

 

Gas was $4.53 for 91 at a Chevron near Chinatown in Los Angeles.

 

:o just paid 3.49 prem here in nj that's bad enough but I'm a boater and gas on the water 3.95 and rising fast word is to expect over 5.00 this summer when you burn 22 gal a hour i do(my boat a 32 footer twin 350 mags) and is good on fuel compared to many others in my size its going to kill the boating industry for many ill be spending more days dockside ill spend more time cruising in my zzz

 

I have a feeling we will be paying $5 a gallon for premium this summer. I paid 3.66 a couple days ago.

 

Unfortunately, not soon enough.

 

just south of boston, i've watched the price of premium(93 octane) increase close to 40 cents during the past the two weeks ! during the early 70's we experienced a "gas shortage" when people were waiting in lines before gas stations were even open for business. incredible that during that same time ALL petrolium companies posted record profits!! i find it absolutely puzzling why exxon/mobil continues to post record profits, year after year, but yet they invest the least of all oil companies towards research of alternative fuels !! please don't forget that these companies "enjoy" tax breaks and incentives that are not available to any other business in this country!! also something to consider, not only must the oil companies "perform" for their stockholders, but they are also heavily invested by other companies that supply pensions as well as other benefits to the retired population. james mcnamara (former secretary of defense during the 70's)once said that it was just a matter of time before we (the USA) took "steps" to ensure our oil supply in the middle east. during the investigations of the so called oil shortages, william proxmire(democratic senator from wisconsin) became more than frustrated with the oil companies answers and attitude-informed the oil company representatives that the American populace were tired of being treated like mushrooms- being kept in the dark and being fed horse manure!! history only repeats itself.....

 

that is horrible! ! ! It will be over 4.00 by the weekend! !