posted 03-22-2005 12:38 PM         

2. Would $3 or $4 or $5 a gallon impact your "personal" lifestyle one iota? (Not considering kids/g-kids/relatives)

3. Would anyone here consider carpooling and/or public transportation?

4. How high would price-per-gallon have to reach to cause ANY IMPACT WHATSOEVER??

*As an aside--I am extremely fortunate--living 2 miles from work! It's difficult for me to see rising gas prices as a problem for the relatively well-to-do...but...after reading many replies below....I am VERY, VERY surprized!

[WE] talk about this at my work--and no one 'there' is <truly> affected/effected! So, I just gotta say, "WOW!"

posted 03-22-2005 01:09 PM         

2. Yes

3. I already use a commuter train and subways.

4. Each nickle makes an impact. My father was an oil man with CitiesServies Oil Company (later Citgo). I know the the local gas station owners are not getting rich from this.

posted 03-22-2005 01:50 PM         

...I work at home....99% of my driving is elective...
...my wife works a few blocks from home(1/2 mile)...
...family all lives within a mile or so...
...at my age, I am not going to wait for anything I really want...

posted 03-22-2005 02:25 PM         

To answer-
1. Most definitely!
2. I'll try and keep a 50 year old co. that I've put 27 years of hard work into afloat. I thought I'd never say it, but the Prowler may have to go. If it wasn't such good therapy it would already be gone.
3. Can't carpool
4. If it goes much higher, I'm dead meat.

posted 03-22-2005 03:44 PM         

2. It would most likely force us to re-evaluate the extent of our "pleasure traveling".

3. I am retired, so carpooling is not an option and where I live, there is no public transportation. My daily driver is a PT Turbo and I can go a long time on a tank of gas.

posted 03-22-2005 06:26 PM         

quote:

---

Originally posted by Tytanium-K:
1. Does the ever-rising cost of petrol [i.e., gasoline prices] really affect anyone on THIS board?

2. Would $3 or $4 or $5 a gallon impact your "personal" lifestyle one iota? (Not considering kids/g-kids/relatives)

3. Would anyone here consider carpooling and/or public transportation?

4. How high would price-per-gallon have to reach to cause ANY IMPACT WHATSOEVER??

---

1. Not for my car (Prowler) my employer pays for my gasoline (for now) For my wife, it has an impact now as she drives 2000 to 3000 miles a month for her own business.

2. Higher fuel costs will result in increase pricing for most consumer goods so I believe it will effect everyone.

3. Carpooling or public transportation not options for either Reba or I due to nature of our work.

posted 03-22-2005 09:21 PM         

Gas rationing in the 80's worked even though we grumbled about it. It might even be good for us!
The Saudis are boycotting American goods. We should return the favor. An interesting thought is to boycott their GAS.

Every time you fill up the car, you can avoid putting more money into the coffers of Saudi Arabia. Just buy from gas companies that don't import their oil from the Saudis.

Nothing is more frustrating than the feeling that every time I fill-up the tank, I am sending my money to people who are trying to kill me, my family, and my friends.

I thought it might be interesting for you to know which oil companies are the best to buy gas from and which major companies import Middle Eastern oil :

Shell...............................205,742,000 barrels
Chevron/Texaco.............. 144,332,000 barrels
Exxon /Mobil.................. 130,082,000 barrels
Marathon/Speedway....... 117,740,000 barrels
Amoco.............................62,231,000 barrels

If you do the math at $50/barrel, these imports amount to over $30 BILLION!

Here are some large companies that do not import Middle Eastern oil:

Citgo......................0 barrels
Sunoco...................0 barrels
Conoco...................0 barrels
Sinclair...................0 barrels
BP/Phillips..............0 barrels
Hess......................0 barrels
ARC0.....................0 barrels

posted 03-22-2005 10:05 PM         

2. Yes

3. No

posted 03-23-2005 07:15 AM         

Sorry to whine. It's been tough lately.

Higher prices effect me in many ways.

Inventory costs - Fuel in tanks is my widgets on a shelf. $1 per gallon increase over the past 14 months. Average approx. 3 million gallons of inventory on the books. An extra $3M of credit line costs for the same amount of gallon sales.

Accounts receivable - 120% increase over last year just due to price increases on same sales. Plus dealers in financial straits, not honoring payment terms. Moneys are drafted from a distributor's bank account the day the fuel is picked up and most dealer terms are 5, 7 or ten days. Consignment gallon terms are longer and consumer fuels (home heating oil and propane) are 30 to 60 days. Another substantial credit line hit.

Margins - Up market = less margin.

Dealer bankruptcies - At an all time high due to high prices and tigher margins. Legal fees up 330%. Bad debt write off is going to be at a record level.

Insurance bond cost - Bond cost rated on value of a fully loaded transport. A year ago a load was approx. $9,000 a plus the cost of a transport of approx. $140,000 is today $18,000 plus cost of the transport.

Fleet fuel cost - We run 5 transports 24/7/365, 62 fuel oil/propane delivery trucks, 16 service/installation trucks and 16 sales/management/officer vehicles. Yes we are in the fuel/gas business, but we still have got to buy the fuel to run the fleet.

These are points off the top of my head.

posted 03-23-2005 07:16 AM         

2. yes

3. no

4. at $4.00 the boat goes first,,,,,,

posted 03-23-2005 07:36 AM         

1. Yes - the credit card bill I use to pay for gas would significantly go up.
2. Probably not. Might make less trips into town or try harder to run errands on the way home from work rather than going home first.
3. No - fairly small city with no public transportation to where I live.
4. Don't know.

posted 03-23-2005 03:57 PM         

The problem with the scenario in your Father-in-Law's forwarded email is that the chain of possession from the reserves to crude to finished product (gasoline) changes hands (favored nation to hostile nation) multiple times. Even the finished product is exchanged multiple times in some cases.

Another fault is with two suppliers on the second list. Citgo may use little Middle Eastern crude, but they are majority owned by the nationalize oil company of Venezuela, Petroleos de Venezuela, S.A. (PDVSA). Citgo's crude and much of it's refined products comes from a very unstable political nation. Strong rumors in the industry are that PDVSA is in negotiations with the national oil co. of China for a sale of it's assets. Now wouldn't that be special!
BP has been BP/Amoco for 5 years with BP an acronym for British Petroleum.