OIL JUST HIT 70.90 PER BARREL unleaded gas UP 20% again 2.88 OUT OF HAND

gas hits 3.00 tomorrow and stays there Im quitting my job. its no longer worth it. going to be printing out Tons of flyers tomorrow going to try to find a sub (highly doubt i will, who be stupid enough to take it now)

Besides me
 
[quote name='GuyWithGun']Here's a recent article about gas theft:

http://aolsvc.news.aol.com/news/article.adp?id=20050823052309990001

Some gas station owner got killed trying to chase after a guy that pumped $52 worth of gas and was driving off.



Oh yeah, it also says in there that retailers make about a penny per gallon of gas as profit. Ummm, I'm calling bullshit on that one.[/QUOTE]

Actually, it's about 1.2 cents in profit for the retailer. That's the end guy who sells you the gas, not the executive down the line or the oil sheik over in some desert.
 
[quote name='bostonfrontier']It suppose to hit $5 / gallon by the end of the year[/QUOTE]

Speculation at this point, nothing more.
 
Hopefully I'll be able to gas up tomorrow morning. If the price hasn't jumped at my gas station I'm going to fill it up all the way and only drive to and from work.

I'm probably going to buy a motorcycle sometime during Winter since I can get a fairly decent deal on one then.
 
I had this idea for a new crime that we could make popular with the trendy kids on the internets.

Break into someones car, and instead of doing any of the normal things you might think of after breaking into a car, you instead, just pop open the gas lid and syphon off all their gas.
 
[quote name='Dr Mario Kart']I had this idea for a new crime that we could make popular with the trendy kids on the internets.

Break into someones car, and instead of doing any of the normal things you might think of after breaking into a car, you instead, just pop open the gas lid and syphon off all their gas.[/QUOTE]

That's actually been happening to delivery trucks around here lately.
 
so far no price increse in fort wayne. But it usually happens around 10-1 . filled up one of my cars 36 bucks and it was only half empty.
 
[quote name='Dr Mario Kart']I had this idea for a new crime that we could make popular with the trendy kids on the internets.

Break into someones car, and instead of doing any of the normal things you might think of after breaking into a car, you instead, just pop open the gas lid and syphon off all their gas.[/QUOTE]

Well, more gas stations are being robbed now than before. It's not uncommon to hear of a gas station attendant being held at gunpoint while the thief's accomplices are filling up tanks with gas. It's happened a few times down here. In fact, a few days ago, some idiot tried to rob a gas station with a fork. Also, a lot of people just pump the gas and drive off without paying.

[quote name='Shinkuu Ryao']So that Loch Ness Monster needed tree fiddy for gas eh?[/QUOTE]

Damn it, Loch Ness Monster! Why the hell did you give him tree fiddy?! He's just gonna ask for more!
 
I'm seriously debating going out just to get gas at 9 in the morning today before it goes up anymore. This is just sad. I know its fairly common for people to use at least a gallon getting to work every day, so it now costs someone $5-6 just to go to work and come home every day.
 
[quote name='lionheart4life']I'm seriously debating going out just to get gas at 9 in the morning today before it goes up anymore. This is just sad. I know its fairly common for people to use at least a gallon getting to work every day, so it now costs someone $5-6 just to go to work and come home every day.[/QUOTE]


at prices right now i use around 10-12.50 per day working (2.50 per gallon) if they jack up gas to 3 bucks per gallon it will push it up to 12-15 bucks. while it dont seem like much 2-2.50 per day x 25 days is 50 to 62.50 more per month while my profits dont move up 1 cent.


2.75 is my limit if gas goes above 2.75 and stays there at least a month im quitting my job its no longer worth it.
 
I'm glad my college schedule is only Tuesdays and Thursdays. (and to think I thought I got the worst schedule when I turned my enrollment in late)

:)
 
[quote name='Quackzilla']I'm glad my college schedule is only Tuesdays and Thursdays. (and to think I thought I got the worst schedule when I turned my enrollment in late)

:)[/QUOTE]

usually you can get in some nice classes the 2nd week since many will drop the first week... i just got into CS 112 basic pc programming since someone dropped it friday. the class was filled since last april ... what sucks is even if you already know the basic stuff you need to take it. They wont let you in CS160 until you take CS112. I think its just a rip
 
[quote name='slidecage']at prices right now i use around 10-12.50 per day working (2.50 per gallon) if they jack up gas to 3 bucks per gallon it will push it up to 12-15 bucks. while it dont seem like much 2-2.50 per day x 25 days is 50 to 62.50 more per month while my profits dont move up 1 cent.


2.75 is my limit if gas goes above 2.75 and stays there at least a month im quitting my job its no longer worth it.[/QUOTE]

Damn, and I complain about spending that much per week in gas. I did end up going out this morning since I only had a quarter tank left. It was $2.58 per gallon which is what it has been the past couple weeks. I have seen places around here charging up to $2.70 per gallon for regular unleaded though. I just threw $20 worth in the car (not even 8 gallons) which should get me through the rest of summer and back to college. Hopefully it will last a while since I'm going to try not to do much driving at school.
 
Thank god for the train! I pay a fixed price of $180 per month to get to work (plus $2 for a subway ride, twice a day). I rarely need to use my car and I only use it on the weekends when I do. I still think I would be paying about the same if I had to drive though...
 
[quote name='alonzomourning23']You can still get it for 2.57 here. I want it to hit $5, but I really wish I could afford a hybrid.[/QUOTE]

my wife wants to upgrade to a four door (and all the implications of "family" that brings with it), and has her eye on a Prius. We visited one dealer, who only had one on the lot b/c it was an employee's, and another we phoned didn't have any. Unfortunately, both dealers seemed to indicate that when it comes to Priuses (Prii?), color and interior choice can't be guaranteed on a car that can't stay on the lor at all.

Worse off, they never have any to test drive, and instead have a $500 "non-refundanble" reservation fee when purchasing a Prius (by "non-refundable" I mean that it covers $500 of the purchase price, and nobody test drives one and doesn't buy it, apparently).
 
$2.73 where I live. It's to the point that I'm going to have to move right across the street from where I work and walk to work everyday. That means my rent will go up $150 a month, and that's what I usually spend in gas- heat is included though, but the apartment is really small. At least that will save me some wear and tear on my vehicle and I won't have to pay these ridiculous prices.
 
I got a prius for a rental when my car was in the shop. They are fantastic little zippy cars. Very quiet and insane gas mileage. They are fugly as sin though and very small. I normally drive a 4 runner and the prius seemed so damn fast with a very fast pickup speed compared to my normal ride. I really liked it. I did feel like really vulnerable in it though cause it feels like your driving a tin can.
 
$2.85 for regular, nyc...im thinking of trading in my scion xb for a hybrid....i hear u can get up to 100 mpg if u put 2 batteries in it..no idea if its true, sounds waaay to goood 2 be true
 
[quote name='Noodle Pirate!']I got a prius for a rental when my car was in the shop. They are fantastic little zippy cars. Very quiet and insane gas mileage. They are fugly as sin though and very small. I normally drive a 4 runner and the prius seemed so damn fast with a very fast pickup speed compared to my normal ride. I really liked it. I did feel like really vulnerable in it though cause it feels like your driving a tin can.[/QUOTE]

Tell me more about the "tin can" feeling, if you don't mind. What year Prius was it, since the 2005 models look pretty spacious (or as spacious as a Corolla/Camry/Avalon)?

These are the reasons we want to test drive one, and not being able to is very frustrating when you want to drop 20K on a car.

Thanks for the thoughts, BTW.
 
[quote name='My Name Is BoB']You would think with all the oil we're getting from Iraq the gas prices would be lower.[/QUOTE]

We are currently exporting oil to Iraq.
 
[quote name='alonzomourning23']Everytime I see a picture of morrigan I think "that girl should be in porno!".[/QUOTE]

You and me both :lol:

Back on the subject of gas ... I seem to drive a lot less than usual these days because of the cost. fucking oil companies are reporting record profits while we are getting the shaft. Where's my hydrogen car? :p

Oh wait, the US will be the last industrialized nation to get hydrogen cars because the oil companies have all the politicians in their back pockets :)
 
Ok, I have another question...

It has been said that the people that put the prices of the gas on the big boards and sell it actually don't make much profit, (they say between .5 cents to 1.5 cents per gallon).

I live in a college town, and this weekend is move in weekend. I checked that www.gasbuddy.com site last Thursday. Two gas stations had dropped to $2.45 yet the rest had shot up to $2.69. IMO, the other two gas stations realized their mistake and shot up to $2.69. Checking the site further, I realize that in many other cities surrounding my city and throughout the state are around $2.45. This includes a town no more than 15-20 minutes away.

Now, the question is this. Assuming that these gas stations are the same company and they are all equal, and the gas station 20 minutes away buys the same gas as the gas stations here...


Who's getting the extra 25 cents per gallon?


Because if everyone else has dropped this week, except the gas stations in the college town on move in weekend, then someone is getting extra profits. You know that they are paying the same amount as the town 20 minutes away and in the rest of the state. So if not the retailers, then who? Again, let me remind you that there were at least two gas stations that dropped in price for less than a day before charging 25 cents more.
 
[quote name='alonzomourning23']Everytime I see a picture of morrigan I think "that girl should be in porno!".[/QUOTE]

Who said she wasnt (she probably has got some hentai). And besides, you gotta do a lot of crappy stuff before they put you into anything good :lol:

And yea. Gas is like high and stuff. I'll horde some in my garage and then sell it on the internets!
 
It's possible those cheaper stations were taking a loss at their original price points.

Margins at the store level *are* very low on gasoline.

"An industry group says an average of one in every 1,100 gasoline fill-ups last year was a gas theft. With about one cent per 1 gallon as profit, a retailer would have to sell an extra 3,000 gallons to offset each $30 stolen."

I won't quote the whole article, but it's worth a quick read.
http://slate.msn.com/id/2100546/

One salient point is that the price for 'oil' or oil futures can change by the minute, the price the retailer pays can change every couple days when he fills up, but he tries to avoid changing his price at the pump minute-by-minute. So the gas he bought for 2.00.gallon on Monday, he sells it for 2.10 or 2.20/gallon till he buys more on Wednesday -- 5 or 10% markup. When he buys gas on Wed, he now pays 2.40/gallon--they generally won't go from 2.10 to 2.60 in one jump. So he moves to 2.30 or 2.40, which means his markup is negative or nil, until he can make that next step to 2.60. So at any given time he might be 'making' 25 cents/gallon markup, but that 25 cents helps him recover from when he only had a 2 cent markup.
[all dollar amounts are made up, this is an example.]

"In 2003, convenience store owners reported an 8.8 percent mark-up* on gas, meaning if gas cost them $1.00 per gallon, they could sell it for $1.088. That's the lowest mark-up since 1985, according to the National Association of Convenience Stores. Add in credit-card fees—typically 3 percent—and the cost of distribution, which ranges between 2 and 4 percent, and the margins for gas are razor-thin, at the most a couple of pennies on the dollar"

http://slate.msn.com/id/2100546/

Couple other interesting articles about gas stations/behind the scenes:
http://www.startupjournal.com/runbusiness/survival/20050531-herrick.html

Credit cards are another big factor, like these articles say. VISA and MC charge a fee for every transaction, which can make a big difference.

http://www.detnews.com/2005/commuting/0505/12/C01-169772.htm

Of course, human psychology comes into play as well:
"Jeanette Burke of Oak Park said she, too, likes the idea of a discount for paying in cash. But she would feel differently if a station just raised the price for customers who use credit. [um...the end result is the same]

"I don't think that's fair," said Burke, 38. "Why should they charge one price to one customer and another price to someone else?" " [They aren't charging different customers different prices--they are charging different *payment methods* different prices. Lots of industries do this--my Domino's wants 20 cents for writing a check; I pay an additional fee to pay my insurance with a check every two months instead of an EFT every month, etc].
 
It's not a rumor! [/scwarzeneggar]

Heard it on NPR this morning. they're blaming it on the hurricane. :roll: (no really, i'm sure there's a perfectly logical explanation :p)
 
dtcarson, let's say that they are just making a small profit off of the gas in my town. Then why would every other town around us have gasoline for 25 cents cheaper? It's the exact same gas with the exact same future. Would they really be willing to lose 25 cents per gallon?
 
Different local taxes?
Higher markup originally?
They can afford to take a hit because they sell more Cokes and smokes, or they plan that with an amazingly competitive gas price, they will sell more C&S, so while they lose money on gas, the markup on the C-store stuff more than makes up for it?
They're cash-only?
They bought a lot of gas months ago to guarantee a better price?


Could be lots of reasons. One store might adjust their prices continually to show a markup of, say, 9 cents a gallon over what they paid with their last tank. Which means that they 'suddenly' raise their prices 30 cents if they had to pay a lot at the last delivery. So they don't lose money, but they might lose customers/business. Whereas another store never raises their prices more than 10 cents a day, so on Monday they lose 10 cents/gallon, Tuesday they break even, Wed they're back to a 10 cent markup.
 
The other towns aren't that big though, and can't do as much business as here, especially since it's a college town.

You have to admit that it's very fishy that they started to go down, and then raised 25 cents to the price of all the other gas stations in this town. Especially when the price it originally dropped to is the same price it dropped to in all the other towns around us.
 
[quote name='GuyWithGun']The other towns aren't that big though, and can't do as much business as here, especially since it's a college town.

You have to admit that it's very fishy that they started to go down, and then raised 25 cents to the price of all the other gas stations in this town. Especially when the price it originally dropped to is the same price it dropped to in all the other towns around us.[/QUOTE]

The property those gas stations are on may cost more too, as you said it's a college town and more populous than the surrounding area and that could account for at least some of the difference.

Also some gas stations update their prices at different times... it may take a station as long as a day or two to catch up to current market rates. For example there was a gas station in Kentucky that I stopped at about mid day during a road trip a few weeks back. It's prices were at least 10 cents less than any of the surrounding stations. As I finished filling up, I noticed they had just started changing the prices to ones about equal to those of their competition... So if someone had reported prices at the beginning of the day, it would have looked like all the other stations were gouging you, when in fact that particular station just hadn't adjusted their rates yet.
 
[quote name='joeposh']The property those gas stations are on may cost more too, as you said it's a college town and more populous than the surrounding area and that could account for at least some of the difference.

Also some gas stations update their prices at different times... it may take a station as long as a day or two to catch up to current market rates. For example there was a gas station in Kentucky that I stopped at about mid day during a road trip a few weeks back. It's prices were at least 10 cents less than any of the surrounding stations. As I finished filling up, I noticed they had just started changing the prices to ones about equal to those of their competition... So if someone had reported prices at the beginning of the day, it would have looked like all the other stations were gouging you, when in fact that particular station just hadn't adjusted their rates yet.[/QUOTE]
As for the not updating at the same time, I know that's not it. I check gas prices in my town, plus two others regularly. I noticed the $2.49 because all the prices were in the upper 2.50's-2.60's. I checked later, and all of the other stores in other cities had dropped (Even much bigger cities), except for mine.
 
[quote name='Scorch']$2.45/gal here in middle TN, it actually went down a dime :/[/QUOTE]

Around $2.40 here. Prices actually went down a few cents.
 
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