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jato
Moderator
Joined: Aug 14, 2004
Posts: 2066
Location: San Diego, Ca.
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 Posted: Tue May 20, 2008 12:25 pm Post subject: Re: Another Gasoline Record |
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| Quote: | Oil at $75/bbl, gasoline at $3.30 gallon
Oil at $129/bbl, gasoline at ?/gallon
I'm getting $5.67/gal or thereabouts. That's gonna leave a mark! |
Take out the fixed rate tax(es) before you perform your calculation.
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"Peak oil isn't more than an interesting industry factoid and doesn't have anything to do with the hysterics speculated on ad nauseum around here!" ReserveGrowthRulz |
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jato
Moderator
Joined: Aug 14, 2004
Posts: 2066
Location: San Diego, Ca.
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| Posted: Tue May 20, 2008 12:28 pm Post subject: Re: Another Gasoline Record |
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I have noticed my corner gas pump is usually $0.90 higher than RBOB (transportation, profit and taxes). I have also noticed a several week lag time before the RBOB price reflects at the local pump.
We are currently holding at $3.999 per gallon for Regular Unleaded. I expect $4.10 soon.
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"Peak oil isn't more than an interesting industry factoid and doesn't have anything to do with the hysterics speculated on ad nauseum around here!" ReserveGrowthRulz |
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roccman
Fusion
Joined: Apr 27, 2007
Posts: 4343
Location: The Great Sonoran Desert
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| Posted: Tue May 20, 2008 12:29 pm Post subject: Re: Another Gasoline Record |
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| Roy wrote: | | Quote: | | Given that the gasoline refiners' profit margins are already razor thin, gasoline prices are likely to rocket up soon. There is really now way around it. |
I think you're right. Some quick math:
Oil at $75/bbl, gasoline at $3.30 gallon
Oil at $129/bbl, gasoline at ?/gallon
I'm getting $5.67/gal or thereabouts. That's gonna leave a mark!
I guess we should be thanking the generous refiners for not demanding a constant profit margin, shouldn't we?
Something's gotta give,.... No corporation willingly forgoes short term profits unless... |
The 2 Trillion Rummy said went missing on 9.10.01 was "reallocated".
I know ...tin foil.
So where is that money?
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"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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Zardoz
Expert
Joined: Dec 02, 2005
Posts: 6382
Location: Oil-addicted Southern Californucopia
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| Posted: Tue May 20, 2008 2:03 pm Post subject: Re: Another Gasoline Record |
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NYMEX RBOB wholesale gasoline now at a record $3.30 a gallon.
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"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen |
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4403
Location: Southwest WI
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| Posted: Tue May 20, 2008 4:10 pm Post subject: Re: Another Gasoline Record |
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Up 3 cents here today... 3.83... Time to fill up the boat and the spare tank.
I knew i should've bought 100's of gallons in Feb of '07  ($2/gallon)...
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"Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07 |
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Ferretlover
Moderator
Joined: Jun 13, 2007
Posts: 3580
Location: Minniesotuh
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| Posted: Tue May 20, 2008 4:12 pm Post subject: Re: Another Gasoline Record |
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Last week, it was $3.729
Today, it was $3.599.
Weird.
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"RRrrruuuunnnn!!!" ~Apocalypto |
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heroineworshipper
Intermediate Crude
Joined: Jul 14, 2006
Posts: 614
Location: Calif*
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| Posted: Tue May 20, 2008 4:26 pm Post subject: Re: Another Gasoline Record |
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Hit $4.04 here. Took a lot less time to reach $4 than it did to reach $3. But real estate is making money.
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People first, then things, then dollars.
There will be enslavement, cannibalism, & zombie invasions. |
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dunewalker
Intermediate Crude
Joined: Jun 30, 2005
Posts: 707
Location: northern California
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| Posted: Tue May 20, 2008 7:52 pm Post subject: Re: Another Gasoline Record |
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Went to town again today, mostly to visit friends. Gas was $4.33 for regular and $5.30 for diesel. Every time I go to town it's higher...
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"I believe that a wise Vermonter lives more by lack of expense rather than from income."--some Dartmouth professor from across the river |
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Tuike
Heavy Crude
Joined: Jan 10, 2005
Posts: 413
Location: Finland
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| Posted: Wed May 21, 2008 2:20 pm Post subject: Re: Another Gasoline Record |
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| RBOB at 3.40 USD/gal |
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vision-master
Fusion
Joined: May 18, 2006
Posts: 4324
Location: Minneapolis, MN
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| Posted: Wed May 21, 2008 2:53 pm Post subject: Re: Another Gasoline Record |
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| dunewalker wrote: | | Went to town again today, mostly to visit friends. Gas was $4.33 for regular and $5.30 for diesel. Every time I go to town it's higher... |
$3.79 gal reg - business as usual.
Everyone filling up the 4x4 and SUV. 
NOTED: bicycle ride today. |
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DeepOil
Tar Sands
Joined: Nov 13, 2007
Posts: 23
Location: NH, USA
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| Posted: Wed May 21, 2008 3:19 pm Post subject: Re: Another Gasoline Record |
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Station down the street just jumped from $3.75 to $3.95 today in NH. Diesel at $4.83!
I'm sure the other stations are soon to follow, as this station was about average in price. |
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Byron100
Intermediate Crude
Joined: Sep 08, 2005
Posts: 749
Location: Atlanta, GA
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| Posted: Wed May 21, 2008 3:46 pm Post subject: Re: Another Gasoline Record |
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| DeepOil wrote: | Station down the street just jumped from $3.75 to $3.95 today in NH. Diesel at $4.83!
I'm sure the other stations are soon to follow, as this station was about average in price. |
Wow...diesel at almost $5...it's a wonder that the trucking companies aren't threatening to shut down for a few days to protest the soaring fuel costs.
Sure wish they would, though...might drive the point home a bit sooner for the Joe 6P.
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Nowhere to run, nowhere to hide...
...and the meek shall inherit the Earth! |
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vision-master
Fusion
Joined: May 18, 2006
Posts: 4324
Location: Minneapolis, MN
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| Posted: Wed May 21, 2008 4:16 pm Post subject: Re: Another Gasoline Record |
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| Byron100 wrote: | | DeepOil wrote: | Station down the street just jumped from $3.75 to $3.95 today in NH. Diesel at $4.83!
I'm sure the other stations are soon to follow, as this station was about average in price. |
Wow...diesel at almost $5...it's a wonder that the trucking companies aren't threatening to shut down for a few days to protest the soaring fuel costs.
Sure wish they would, though...might drive the point home a bit sooner for the Joe 6P. |
They would lose their contracts? |
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Duende
Heavy Crude
Joined: Nov 27, 2004
Posts: 200
Location: Federal City, USA
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| Posted: Wed May 21, 2008 10:25 pm Post subject: Re: Another Gasoline Record |
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$3.91 in DC.
Business as usual. When are the wheels coming off?
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Where there once were hopes and dreams, now there is smoke and rubble. And zombies. |
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careinke
Heavy Crude
Joined: Jan 01, 2007
Posts: 218
Location: Pacific Northwest
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| Posted: Thu May 22, 2008 1:35 am Post subject: Re: Another Gasoline Record |
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$4.03 for regular in parts of Pierce County Washington. Heard on the news some stations are selling diesel for $5.00.
Cliff (Start a rEVOLution, grow a garden) |
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