Gas Price vs Price of Oil
02-01-07, 08:58 PM
#16
I just filled up last night here in Atlanta at Chevron for $2.07 Premium 93 Octane - lowest I seen in a long time.. hope it keeps on going down..
Did you hear about the U.S. finding 50% more oil in the gulf of mexico which will contribute to lower prices - i doubt this is a result of it now but soon the prices would drop a bit more.
Did you hear about the U.S. finding 50% more oil in the gulf of mexico which will contribute to lower prices - i doubt this is a result of it now but soon the prices would drop a bit more.
02-01-07, 10:37 PM
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I just filled up last night here in Atlanta at Chevron for $2.07 Premium 93 Octane - lowest I seen in a long time.. hope it keeps on going down..
Did you hear about the U.S. finding 50% more oil in the gulf of mexico which will contribute to lower prices - i doubt this is a result of it now but soon the prices would drop a bit more.
Did you hear about the U.S. finding 50% more oil in the gulf of mexico which will contribute to lower prices - i doubt this is a result of it now but soon the prices would drop a bit more.
02-02-07, 07:06 AM
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That piece of legislation was repealed. It never worked. Even if it did work, it was introduced a few months before Katrina, so gas prices skyrocketed anyway. Public outcry was harsh since during that year we were paying an average of 20+ cents above the national average I believe. When prices in the mainland went down, it would takes weeks before it dropped here, and only by a few cents unlike the 10-15 cent drops on the mainland. I think we are just screwed here because of the lack of choice and competition. There is only one refinery here in which I believe all the gas companies get their supply from. Actually, I think there are two. BHP and Chevron, but they know they are the only game in town so they alway manage to have the same prices. There really is no competition between them.
02-02-07, 09:18 AM
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I just filled up last night here in Atlanta at Chevron for $2.07 Premium 93 Octane - lowest I seen in a long time.. hope it keeps on going down..
Did you hear about the U.S. finding 50% more oil in the gulf of mexico which will contribute to lower prices - i doubt this is a result of it now but soon the prices would drop a bit more.
Did you hear about the U.S. finding 50% more oil in the gulf of mexico which will contribute to lower prices - i doubt this is a result of it now but soon the prices would drop a bit more.
http://www.bloomberg.com/apps/news?p...s3U&refer=news
02-02-07, 01:31 PM
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Maybe the drop to sub $50 a barrel a few weeks ago was too much of a fall too fast but we are now at right around $59/bbl. All the usual disclaimers about this being the spot market yada yada yada, but having oil firm back up the first week of February is not a very cheery sign for gas prices this summer, with our without natural or manmade disasters. Cali certainly doesn't see the drops in gas price that other parts of the country do but we sure didn't see a proportionate dip with the oil price. Other areas of the country did. It's still pretty cheap entertainment but my interest in feeding four or five hundred hp in a daily driver is non existent. As to how much I truly want a "weekend" car, I really don't know. My GS is now coming up on six years old and the replacement is not going to be that far off but that means figuring out how sensitive I might be to putting $75 or $100 of gas in a single fillup in 2012. Ugh.
02-02-07, 01:53 PM
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Nothing to do with blessings, has to do with hysterical policies and bad management in California. If the govt continues to demand special blends for gas, be highly regulated and business unfriendly and have high taxes on top, expect high prices! Don't like it? Vote the bums out!!!
02-02-07, 02:11 PM
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02-02-07, 02:21 PM
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Nothing to do with blessings, has to do with hysterical policies and bad management in California. If the govt continues to demand special blends for gas, be highly regulated and business unfriendly and have high taxes on top, expect high prices! Don't like it? Vote the bums out!!!
02-02-07, 06:39 PM
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02-03-07, 02:09 PM
#25
I am seriously considering the all-electric car as my daily driver. the "Tesla" goes 250 miles on one charge.. Considering how gas prices will never stabalize the cost of the "Tesla" is quite a deal at $90K considering it uses no gas at all and is as quick as a ferrarri.
02-03-07, 02:24 PM
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Don't have it in front of me but Cali was a part of a group of six states that had adopted the same standards for autos, I think they are in the northeast but am not sure. Arnie has ratcheted up the state requirements so I believe we are back out there firmly at the forefront of expensive gas price with the exception of Hawaii. Two points, one is that having lived here for over thirty years, I have to give a nod to the emissions standards in some respects, the air was miserable in the 70s. The second is that I am not sure our requirements for the gas are so onerous and you will probably see the rest of he country slowly adopt them. But the business climate in Cali is so miserable there isn't going to be any refineries built here in a long time. If the other states make our formulations, at least we can import it. This is depressing.
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