 $1.75 a gallon
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Joined: Jan 2005
Posts: 2,531
Loquacious
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OP
Loquacious
Joined: Jan 2005
Posts: 2,531 |
 fillied up Bonnie-A last night ....Regular was 1.75 and the supreme I use was 1.95 !  Now if global warming will just work around here I can put away my electric vest and gloves 
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 Re: $1.75 a gallon
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Joined: May 2006
Posts: 3,971
Loquacious
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Loquacious
Joined: May 2006
Posts: 3,971 |
That's great news. We're just starting to break the $2 mark around here, at $1.999 at a local off brand station in Torrington.
About a year ago, I asked my investment banker boss if he could explain to me why fuel was so expensive. He explained why, then added, "A recession will surely bring the price down."
Heh - guess he was right, fortunately or unfortunately.
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Re: $1.75 a gallon
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Joined: Apr 2007
Posts: 286
Adjunct
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Adjunct
Joined: Apr 2007
Posts: 286 |
I used to believe that gas prices were a function of supply and demand just like they tell you in economics class and on the news. After seeing the price go up to $4.50 a gallon and then drop to less than $2.00 in the space of less than a year, I don't believe that crap any more. Demand has not dropped enough to explain the prices we are seeing. Many people now believe that the run-up in the price of gas was purely a speculative bubble that has now burst. It's crazy because it basically put Detroit out of business and now we are facing a severe recession. The only positive is that it's cheaper to fill the tank now.
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Re: $1.75 a gallon
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Joined: Dec 2007
Posts: 195
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Adjunct
Joined: Dec 2007
Posts: 195 |
Ireally am surprised that the hijacking of the Saudi tanker did not give Big Oil the opportunity to raise gas prices a buck.
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Re: $1.75 a gallon
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Joined: Jun 2007
Posts: 3,402 Likes: 7
Loquacious
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Loquacious
Joined: Jun 2007
Posts: 3,402 Likes: 7 |
Prices have dropped a little here but considering there has been a $100 a barrel drop since July, were still being shafted here ... what a surprise!!! 
"You can't believe everything you read on the internet" : William Shakespeare
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Re: $1.75 a gallon
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Joined: Jun 2007
Posts: 605
Adjunct
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Adjunct
Joined: Jun 2007
Posts: 605 |
Prices of gas have so many things that can effect it. Its so rediculous to know what they're doing in Dubi right now due to such high profit margins.
Aaron
04 "Green Bean" Freaked, AI removal, Bafflectomy, 6" Risers, and 30" Drag Bars.
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Re: $1.75 a gallon
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Joined: Apr 2006
Posts: 2,623 Likes: 2
Loquacious
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Loquacious
Joined: Apr 2006
Posts: 2,623 Likes: 2 |
Unfortunately, with lower gas prices cagers have gone back to driving like lunatics again. Ride safe guys.
Kevin - Luceo Non Uro
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Re: $1.75 a gallon
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Joined: Aug 2005
Posts: 885 Likes: 2
3/4 Throttle
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3/4 Throttle
Joined: Aug 2005
Posts: 885 Likes: 2 |
Just do a google search for "Enron Loophole" if you want to see why gas prices are all over the place. Here is a hint, taken straight from the 2001 presidential energy policy (regarding Natural Gas, which is not as dependent upon global demand, thus a better indicator of regional pricing structures): Quote:
Eighty-five percent of total U.S. natural gas consumption is produced domestically. The import share of consumption rose from 5 percent in 1987 to 15 percent in 2000, and net imports have comprised more than 50 percent of the growth in gas demand since 1990. Canada, with very large gas supplies and easy pipe line access to the lower 48 states, accounts for nearly all U.S. natural gas imports. Unlike oil, almost all natural gas is produced and sold within the same region. Therefore, prices are determined by regional, rather than global, markets.
In 2000, natural gas prices moved sharply higher after fifteen years of generally flat prices. Futures prices surged by 320 per cent in 2000 to an all-time high of $9.98 per million Btus in late December 2000--nearly five times higher than the $2.05 per million Btu average from 1991 to 1999. While prices have declined since the beginning of 2001, they remain much higher than recent levels.
Source: 2001 Presidential Energy Policy
So, after 15 years of fairly flat prices, they rose by 320% in a single year, even though demand for natural gas only rose by 5% between 1987 to 2000. Guess what year the enron loophole was enacted.
Cheers,
Brad
To be old and wise, you must first be young and stupid.
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Re: $1.75 a gallon
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Joined: May 2007
Posts: 97
Member
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Joined: May 2007
Posts: 97 |
Quote:
We're just starting to break the $2 mark around here, at $1.999 at a local off brand station in Torrington.
That's an incredible price for CT. I'm in MA, and I've always avoided buying gas in CT, even buying it in NY on my way to MA...
It's amazing how much and how fast gas is going down. The best price here in my area of MA on Sunday 11/16 was $1.989 at BJ's. I paid $2.029 at Irving that same day. I wonder what it is today (4 days later)...
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Re: $1.75 a gallon
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Joined: Aug 2007
Posts: 10,728 Likes: 5
Should be Riding
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Should be Riding
Joined: Aug 2007
Posts: 10,728 Likes: 5 |
saw $1.68 today... it's gonna hurt bad when they rape us again.
Always remember to be yourself. Unless you suck. Then pretend to be someone else.
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Re: $1.75 a gallon
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Joined: Jul 2008
Posts: 518
Adjunct
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Adjunct
Joined: Jul 2008
Posts: 518 |
Humm, $1.48 here, guess I gotta love where I live.
You! Off My Planet!
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Re: $1.75 a gallon
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Joined: Jan 2005
Posts: 6,681 Likes: 1
Bar Shake
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Bar Shake
Joined: Jan 2005
Posts: 6,681 Likes: 1 |
Your area broke the $1.50 barrier?  T. Boone Pickens said it may not go up again for a year to this past summer's prices...but it WILL go back up. Crude oil was $49 a barrel today so I'm hoping he was right. I think I could live with a natural gas pick-up or 4x4 suv, though.
"Catching a yellow jacket in your shirt at seventy miles per hour can double your vocabulary" Author unknown
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Re: $1.75 a gallon
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Joined: Jul 2008
Posts: 518
Adjunct
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Adjunct
Joined: Jul 2008
Posts: 518 |
Quote:
Your area broke the $1.50 barrier? T. Boone Pickens said it may not go up again for a year to this past summer's prices...but it WILL go back up. Crude oil was $49 a barrel today so I'm hoping he was right. I think I could live with a natural gas pick-up or 4x4 suv, though.
Thats what scares me, and just how fast or much will it shoot up. Not sure about the natural gas car or SUV, I seen a few of the city owned cars in Kansas City, and running only on Natural gas, and seem to do pretty well getting down the highway. Wonder how their mileage compares with regular gas cars?
You! Off My Planet!
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Re: $1.75 a gallon
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Joined: Aug 2007
Posts: 380
Adjunct
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Adjunct
Joined: Aug 2007
Posts: 380 |
Quote:
Ireally am surprised that the hijacking of the Saudi tanker did not give Big Oil the opportunity to raise gas prices a buck.
LOL 
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Re: $1.75 a gallon
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Joined: Jan 2005
Posts: 3,954
Loquacious
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Loquacious
Joined: Jan 2005
Posts: 3,954 |
Gilligan, I too have always been very skeptical of the whole supply and demand thing, but I suspect in this one instance there is some truth. Yes, I think there was a huge speculative bubble and all signs indicated that, BUT, with the almost total collapse of not only our economy, but most other major economies in the world, I suspect demand has dropped quite a bit simply due to people trying to cut spending as much as possible out of fear of what's ahead. I mean, even the Chinese, who have been supposedly driving demand sky high have been hit really hard (especially since they are the prime supplier of SO many consumer goods!!!) and are doing bailout packages for their industry. I wholly suspect that when (or God forbid IF) the global economy recovers and IF people feel secure about spending again that will be one of the first things to go back up! At this point in time with the way things are going, I wouldn't put money on much of anything! The fact that gas has now plunged below $2 here in CT and that groceries should hopefully be following suit soon due to lower transport costs are the ONLY bright spots in an otherwise DISMAL landscape! I would say a third bright spot is that I have my bike and it's paid in full, but since it's only in the high 20's here and blustery, and it's sitting in the garage on life support, doesn't really cheer me up! 
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Re: $1.75 a gallon
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Joined: Aug 2007
Posts: 10,728 Likes: 5
Should be Riding
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Should be Riding
Joined: Aug 2007
Posts: 10,728 Likes: 5 |
man, I filled up yesterday for 1.59 a gallon, 19 bucks from the gas light on to full then today, I saw 1.49 I could have saved over a buck!
Always remember to be yourself. Unless you suck. Then pretend to be someone else.
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Re: $1.75 a gallon
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Joined: Oct 2008
Posts: 2,420
Oil Expert
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Oil Expert
Joined: Oct 2008
Posts: 2,420 |
A new low...$1.34!!! I saw that at 7-11 at Bayless and Union near 55. Unreal. When they raise those prices back up it's gonna sting like a you know what. Makes me wanna stockpile I tell ya. 
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Re: $1.75 a gallon
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Joined: Feb 2007
Posts: 23,217 Likes: 61
Fe Butt
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Fe Butt
Joined: Feb 2007
Posts: 23,217 Likes: 61 |
still $2.05 give or take here and what really Ped me off was when I went to get some kerosene and it was still over $3!!! and Heating oil is at about $2.50.
I learned all I need to know about life by killing smart people and eating their brains.
Eat right ,Exercise ,Stay fit, Die Anyway!
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Re: $1.75 a gallon
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Joined: Nov 2006
Posts: 1,302
Learned Hand
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Learned Hand
Joined: Nov 2006
Posts: 1,302 |
Wonder how their mileage compares with regular gas cars?
Back in the 80's the fleet I worked for had all their pick ups converted to cng. (compressed natural gas). The mileage wasn't easy to compare due to gallons vs btu's but the trucks didn't seem to go as far on a tank full of cng as they would a tank full of gasoline. But then again tank size makes a difference. Horse power was compromised a bit too.
mike
2006 neon blue speedmaster
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Re: $1.75 a gallon
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Joined: Aug 2008
Posts: 1,048
Learned Hand
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Learned Hand
Joined: Aug 2008
Posts: 1,048 |
Quote:
Wonder how their mileage compares with regular gas cars?
Back in the 80's the fleet I worked for had all their pick ups converted to cng. (compressed natural gas). The mileage wasn't easy to compare due to gallons vs btu's but the trucks didn't seem to go as far on a tank full of cng as they would a tank full of gasoline. But then again tank size makes a difference. Horse power was compromised a bit too.
mike
Currently CNG is $3.00 per gallon EQUIVALENT to a gallon of gas.
Clay
01010100 01110010 01101001 01110101 01101101 01110000 01101000 <3
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