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  GAS PRICES!!!,,,,,,,,,,,,, (Page 3)

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This topic was originally posted in this forum: Tires, Rims Discusssion
Author Topic:   GAS PRICES!!!,,,,,,,,,,,,,
ALLEY CAT
Prowler Junkie

Posts: 36093
From: Mesa, Az
Registered: JUL 2000

posted 08-14-2005 04:03 PM     Click Here to See the Profile for ALLEY CAT     
quote:
Originally posted by tangled up in BLUE:
the Viper was using Premium like it was 25 cents per gallon....

Taco Bell - raise the price of your smokes 10 cents per pack, lol.



tangled up in BLUE
Prowler Junkie

Posts: 11086
From: New Castle, Ind
Registered: DEC 2000

posted 08-14-2005 04:08 PM     Click Here to See the Profile for tangled up in BLUE     
quote:
Originally posted by ALLEY CAT:
Taco Bell - raise the price of your smokes 10 cents per pack, lol.



we just had a $7.00 per carton tax increase in the Ohio stores July 1st....



Randy Cobb
Prowler Junkie

Posts: 4070
From: Greensboro, NC
Registered: JUL 2002

posted 08-15-2005 08:33 AM     Click Here to See the Profile for Randy Cobb     
Prices at our locations in NC & VA are now $2.559 to $2.699 depending on brand or unbranded and distance from the terminals.

Rack (wholesale) prices went up 19 to 26 cents between last Tuesday to Friday.

MD - You're right. Retail dealers are just the opposite of "making a killing". Most of their margins have tightened to marginal points or they are selling at cost. We serve approx. 160 stations in NC & VA. 16 went brankrupt in the past 18 months and 28 are for sale. A few are broke and don't realize it.

Gene - Yeah many don't realize that you turn the inventory before you can realize the gain. Most people don't believe you when you tell then that retail street prices don't react as quickly as wholesale prices. You and I get killed in up markets and try to make it up in down markets.

AC - I know you are not flaming us in the gasoline business. You wait to flame us on other more important stuff like Kat colors, weather, etc.!

Mean Cat - In my opinion you hit it on the nose. Refineries have been shut down and you can't even get a permit for pipeline renovations much less expansion. Low refining and distribution system capacity along with increase demand results in spikes. To slow demand, prices keep getting bumped, but guess what - demand has not fallen.

If retailers/distibutors aren't making money, who is? Major oil co.s and banks. IMO. The majors are charging more simply because they can (why does a dog lick himself?), but the banks/credit card co.s are really tonning it with little effort and are flying below the radar. They charge (in most cases) on a percentage of retail sales anywhere from 2.5 to 3.5%. 3% on $2.50 vs. $.90 (20 months ago) is a tremendous increase without any additional effort expended. Most retailers don't make a 3% margin in an up market and work their buns off.

Pumpkin - As usual you facts are right on, but the actual amount of gas extracted from a barrell of oil is very dependent on the quality of the oil. The oil quality can vary greatly. Chromer can probably enlighten us here.

Sorry for the long post, but you guys asked and I took the opportunity to vent.



ALLEY CAT
Prowler Junkie

Posts: 36093
From: Mesa, Az
Registered: JUL 2000

posted 08-15-2005 08:51 AM     Click Here to See the Profile for ALLEY CAT     
Randy - thanks for your post,,,,,,I know we get the correct facts from you about fuel prices.


BTW - I like the style of the new yellow Lambo you bought the wife Just joking,,,,


Randy Cobb
Prowler Junkie

Posts: 4070
From: Greensboro, NC
Registered: JUL 2002

posted 08-15-2005 09:11 AM     Click Here to See the Profile for Randy Cobb     
AC - Yeah, right!

The W is driving a 5 year old SUV and I just hope after selling all other toys and some investment properties that I won't have to put my yellow Kat up!

ALLEY CAT
Prowler Junkie

Posts: 36093
From: Mesa, Az
Registered: JUL 2000

posted 08-15-2005 09:20 AM     Click Here to See the Profile for ALLEY CAT     
Randy - fast response time ,,,,,,,if it'll make you feel better, many of us are in the same boat with you.
Strap the life jackets on tight,,,,,there are some icebergs ahead!!


halicat
unregistered

Posts: 36093
From: Mesa, Az
Registered: JUL 2000

posted 08-15-2005 04:40 PM           
supreme just cost me 1.19/litre...

thats $3.97/gal. us funds

fudge !!

Randy Cobb
Prowler Junkie

Posts: 4070
From: Greensboro, NC
Registered: JUL 2002

posted 08-15-2005 05:29 PM     Click Here to See the Profile for Randy Cobb     
I got allocation notices from Exxon AND BP this afternoon.
Anytime this happens it's a sure sign of short term wholesale increases.

My right hand man told me earlier this afternoon that the 3s we ordered last week in anticipation of $3+ retail gas are on back order due to demand. The final tab for the 2s (once prices went over $2.00) was $8,600. Over $3.00 all mechanical dispensers need new computers(totatizers in the heads) at $625 each and many electronic dipensers need new computer boards @ $325 each. It looks like going over $3 will cost us at least 18 grand.

MIKE GATLIN
Prowler Junkie

Posts: 4307
From: Flushing, MI
Registered: AUG 2000

posted 08-15-2005 06:31 PM     Click Here to See the Profile for MIKE GATLIN     
Major oil companies are having to find new words to describe profits, billions just doesn't cover it any more. Hard to find the financial need for reinvestment and increased capacity by the bigs.

States with sales tax (i.e. Michigan @6%) must be smiling quietly. Would you prefer 6% of $1.75 or $2.60. Well that is a 50% increase in tax revenue without lifting a finger. Future for road construction money should be bright!

agstoner
Prowler Junkie

Posts: 435
From: Richmond, Virginia
Registered: JUN 2004

posted 08-15-2005 07:38 PM     Click Here to See the Profile for agstoner     
I drove my 427 dual quad cobra to the closest gas station-became ill and had to go home at about 8 miles to the gallon!


Bob Miller
Prowler Junkie

Posts: 4576
From: Alexandria, Virginian USA
Registered: OCT 2003

posted 08-15-2005 08:34 PM     Click Here to See the Profile for Bob Miller     
So why did congress pass and the president sign an energy bill last week that gives the big oil companies millions in tax breaks? Is it just pay back for favors?


Dustis
unregistered

Posts: 4576
From: Alexandria, Virginian USA
Registered: OCT 2003

posted 08-15-2005 08:52 PM           
very well said Bob !

The oil companies NEVER were in better shape than right now, raking in record profits that would even make
J.R. Ewing blush !


pumpkin
Prowler Junkie

Posts: 7907
From: Las Cruces, NM, USA
Registered: DEC 2001

posted 08-15-2005 09:39 PM     Click Here to See the Profile for pumpkin     
quote:
Originally posted by pumpkin:
@@###**&&&&(&^%$. Which means $2.55 for the Kat. New Mexico


Dang now its $2.74, three days. $3.oo around the corner.


Randy Cobb
Prowler Junkie

Posts: 4070
From: Greensboro, NC
Registered: JUL 2002

posted 08-16-2005 07:29 AM     Click Here to See the Profile for Randy Cobb     
Mike -

If I remember correctly, there are 6 states that have a wholesale component tied to their gasoline tax. As the wholesale price increases a percentage of the tax increases also.
My home state of NC is one of the six.

The problem is that many states do not "lock box" the gas tax. What should go to road construction/maintenence is often transferred to the general fund to balance the budget.

BeWare
Prowler Junkie

Posts: 18511
From: Acworth,GA,USA
Registered: JUL 2000

posted 08-16-2005 08:38 AM     Click Here to See the Profile for BeWare     
Gas prices jumped 10 cents a gallon yesterday . That's over 30 cents increase in the last two weeks. Regular now $2.59/9 Plus 2.69/9 , Premium $2.79/9. If we place sanctions on IRAN it's going to get worse.


ALLEY CAT
Prowler Junkie

Posts: 36093
From: Mesa, Az
Registered: JUL 2000

posted 08-16-2005 09:00 AM     Click Here to See the Profile for ALLEY CAT     
The end of the price increases is NOT in sight.

Arizona soon goes to 'winter fuel blend' to satisfy the environmental federal guidelines,,,,another 10 to 15 cents will be added

We should have never allowed China to build cars, lol.

Bob Miller
Prowler Junkie

Posts: 4576
From: Alexandria, Virginian USA
Registered: OCT 2003

posted 08-16-2005 10:09 AM     Click Here to See the Profile for Bob Miller     
AC - I think one of our big problems is that our government has never strongly supported development of alternative sources of fuel.

Americans love their cars and love to drive. Unfortunately we're married to one source and one source only for fuel, so we are extremely vulnerable to price shocks like we have now.

In my mind, it's like stocks, ya gotta diversify and create alternatives so that when this sort of crap happens we don't take in the shorts so hard.

We keep hearing that oil is a finite resource and it's not going to last forever. I'd hate to see the US waiting and waiting and then scrambling to replace oil when the supply is running out.

There are plenty of folks making a killing right now, but they're not anyone you or I know in POA.

SILVRKAT
Prowler Junkie

Posts: 456
From: Capon Bridge, WV USA
Registered: JAN 2005

posted 08-16-2005 10:32 AM     Click Here to See the Profile for SILVRKAT     
Over $3.00 a gallon on the lake here, so the boat sold sat. is the Prowler next?


01Prowler
Prowler Junkie

Posts: 5068
From: Dallas, TX
Registered: OCT 2012

posted 08-16-2005 11:51 AM     Click Here to See the Profile for 01Prowler     
quote:
Originally posted by SILVRKAT:
Over $3.00 a gallon on the lake here, so the boat sold sat. is the Prowler next?

I know the feeling..

I haven't taken my boat out since April. It just isn't fun anymore at these prices. I remember when I thought $1.99 on the lake was bad. Putting $100.00 in my boat would be like putting $5.00 in my car. The bad part is that without using it I'm spending about $1k a month for nothing!
Maybe it's time for it to go.

This message has been edited by 01Prowler on 08-16-2005 at 11:52 AM

Randy Cobb
Prowler Junkie

Posts: 4070
From: Greensboro, NC
Registered: JUL 2002

posted 08-16-2005 12:54 PM     Click Here to See the Profile for Randy Cobb     
Wholesale prices actually corrected last night by falling approx. 2 cents.

AC - The summer gasoline (lower Reid Vapor Pressure of 7.8) is actually higher priced by about 2.5 cents than the winter formulation (RVP 9.0). Change is 9/15 east of the Miss. I don't know the changeover date in your part of the country, but it probably about the same time.

Chromer
Prowler Junkie

Posts: 2723
From: Denver, Colorado, USA
Registered: DEC 2000

posted 08-17-2005 07:31 AM     Click Here to See the Profile for Chromer     
Article on Construction of a Refinery Proposal in Arizona


halicat
unregistered

Posts: 2723
From: Denver, Colorado, USA
Registered: DEC 2000

posted 08-17-2005 07:39 AM           
quote:
Originally posted by halicat:
if we converted our cars to methane and increased our intake of beans we should be able be self powered...

We would need AC's almost patented "Human Methane Collection Suit" and the "Prowler Methane Collection Harness" AC sells both for $29.95. the Harness comes with a Drip Tray and special cleaner.

Rolling Cowboy approved..



Get ready AC....

by next week the orders will be pouring in....



jan bruggeman
unregistered

Posts: 2723
From: Denver, Colorado, USA
Registered: DEC 2000

posted 08-17-2005 10:15 PM           
when i bought mine it cost about 13.00 to fill it up,now 20.00 wont do it. my dodge van holds 35 gals.price fixing at its best.i thought it was against the law.

------------------


Bcoffman Gray Ghost
Prowler Junkie

Posts: 2418
From: Marshall,Mo.65340
Registered: DEC 2002

posted 08-18-2005 08:14 AM     Click Here to See the Profile for Bcoffman Gray Ghost     
Big headlines in this morning's financial pages. "Gasoline wholesale prices PLUNGE .14 cents. Next paragraph: ..after prices went up .40 cents in the last 2 weeks. Anyone else see what's going on here?? Up .40 then down .14. Big whoop.


chasmccart
Prowler Junkie

Posts: 611
From: Pembroke, MA USA
Registered: APR 2005

posted 08-18-2005 09:21 AM     Click Here to See the Profile for chasmccart     
What ever happened to Gasohol? A 20% mix would sure cut into the barrels of crude imported. The government should subsidize that instead of all the useless crap they (sorry WE) pay for now.

Charlie

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