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

posted 08-12-2005 09:34 AM         

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Record gas prices,,,,,,over $3 per gallon in So-Cal now.

Are we all enjoying it??? Report your current prices:

Phx - reg. unleaded = $2.49/9 add 20 cents more for 'go' juice

This message has been edited by ALLEY CAT on 08-12-2005 at 09:35 AM

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

posted 08-12-2005 09:51 AM         

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We are averaging about $2.45 around here for regular.

Crude is now over $66 a barrel.

I just can't wait to see $3.00/gal for Regular around here. I know it's coming to that.

I'm still thinking about buying some stock in Valero or ConocoPhillips.

This message has been edited by 01Prowler on 08-12-2005 at 09:53 AM

Posts: 774
From: lawton, oklahoma
Registered: NOV 2004

Posts: 2699
From: Lexington, KY, USA
Registered: AUG 2002

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

Posts: 774
From: lawton, oklahoma
Registered: NOV 2004

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

Posts: 171
From: state college, pa, usa
Registered: OCT 2004

posted 08-12-2005 11:44 AM         

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Jumped $.10 yesterday, now at $2.45 for cheap stuff.

I think the gas station is making more when we fill up a new vehicle than we are with this employee pricing! LOL

chris
all american chrysler

Posts: 5250
From: Fallston,MD USA
Registered: JUL 2003

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

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

posted 08-12-2005 11:57 AM         

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If I recall, there are a couple of folks on this site that work in the oil industry at the local level, and maybe they can tell us what's going on.

I know the local gas distributors and station owners are not getting rich, but I do have a question about oil company profits.

The new energy bill signed in the past week by the President provides millions of dollars in tax breaks for US oil companies. Last year (2004), the major US oil companies reported RECORD profits. What the hell is going on and why do they need the tax breaks? Are they for oil exploration or for research on alternative sources of energy?

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

Drill in Alaska and say to heck with the middle east ... at some point they will beg us to buy their stinking oil again!

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

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

posted 08-12-2005 01:09 PM         

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Reg @ $2.60. In spite of high prices, the weekend hikes continue here. Seems 1 thing that stabilizes or lowers prices is an "investigation!" (granted nothing ever comes from them) Might be time.

This message has been edited by MIKE GATLIN on 08-12-2005 at 01:10 PM

Posts: 5250
From: Fallston,MD USA
Registered: JUL 2003

posted 08-12-2005 01:11 PM         

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quote:

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Originally posted by Bob Miller:
If I recall, there are a couple of folks on this site that work in the oil industry at the local level, and maybe they can tell us what's going on.

I know the local gas distributors and station owners are not getting rich, but I do have a question about oil company profits.

The new energy bill signed in the past week by the President provides millions of dollars in tax breaks for US oil companies. Last year (2004), the major US oil companies reported RECORD profits. What the hell is going on and why do they need the tax breaks? Are they for oil exploration or for research on alternative sources of energy?

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I'm with you Bob. They should get no breaks whatsoever. If they don't want to spend their money for exploration or R&D then they can go under. OH WELL! That's when the alternate fuels will prosper. Government if anything should cap profits on oil and gas.

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

Posts: 307
From: san diego
Registered: OCT 2004

Posts: 7476
From: Lake Ariel, Pa.
Registered: SEP 2000

Posts: 1242
From: Blue Springs, Missouri, USA
Registered: DEC 2004

Posts: 31
From: Goodyear, AZ,, USA
Registered: OCT 2003

posted 08-12-2005 05:08 PM         

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AC - It's $2.579 over on this side of the valley at the Safeway at Indian School and Litchfield Rds.

Ron

Posts: 3448
From: Rochester Hills, MI
Registered: JUL 2000

Posts: 1256
From: St.Petersburg,Fl USA
Registered: JUL 2002

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

posted 08-12-2005 10:19 PM         

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I understand about the gas station owner/operators not getting rich,,,,,,,neither are the middlemen like our Randy Cobb in N. Carolina. Chromer works for Conoco-Phillips in Denver. This thread isn't about flaming our two members in the business,,,,,just prices in your area,,, thoughts about opening up the Alaska shelf of possible oil supply,,,,,,,,,,and maybe trampling on the liberals who caused this situation**

** - [just giving Fat Pat something to laugh at, ]

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

posted 08-12-2005 10:29 PM         

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quote:

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Originally posted by ALLEY CAT:
I understand about the gas station owner/operators not getting rich,,,,,,,neither are the middlemen like our Randy Cobb in N. Carolina. Chromer works for Conoco-Phillips in Denver. This thread isn't about flaming our two members in the business,,,,,just prices in your area,,, thoughts about opening up the Alaska shelf of possible oil supply,,,,,,,,,,and maybe trampling on the liberals who caused this situation**

** - [just giving Fat Pat something to laugh at, ]

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AC I'm with ya... If the liberals would let us drill here we wouldn't have this problem!!!

Posts: 456
From: Vancouver, B.C., Canada
Registered: FEB 2003

posted 08-12-2005 11:36 PM         

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Supply and Demand.....Recent reports say that we are consuming daily what is being produced, and soon global requirements will be greater than what can be produced. It will soon be going to the highest bidder. The recent economic boom in Asia has sent steel, lumber, and yes gas prices to their highest ever. There will be a Global shortage, but first the oil producing Nations are going to bleed every dime they can out of us.

$1.10 per litre here....that's just under $4.00 US per gallon.

There is apparently more Oil in the Alberta Tar Sands than there is in all the Oil producing Arab Nations put together. Just the extracting process was to costly.....wonder how much per barrel they need to make it worth while?

Lets go back to steam power, only using salt water.

Fresh water is too precious.

All times are CT (US)