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That's it, I'm walking. gas up 33 cents since Monday, - Page 68

post #2011 of 2203
1/5/09 at 2:06pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

It's going up here in SF as well. I haven't had a sub-$20 fillup yet, but I did achieve my best burn rate ever: 33.38 MPG. ('06 MINI Cooper).
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post #2012 of 2203
1/5/09 at 4:12pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

Damn, the station next to my home was $1.68 this weekend (and this morning) but was $1.78 when I got home tonight.
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post #2013 of 2203
1/5/09 at 4:58pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

Yeah, we're up to $1.71 here. Still can't complain.
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post #2014 of 2203
1/7/09 at 8:36am

Re: That's it, I'm walking. gas up 33 cents since Monday,

went up another dime yesteday. 1.69
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post #2015 of 2203
1/7/09 at 2:01pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

Up to $1.99 now.
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post #2016 of 2203
1/7/09 at 2:34pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

$1.71 to $1.99 in two days?!?

Uh oh.

Stationary where I am right now. Most places have been in the $1.79 to $1.83 range for a couple of weeks. it seems
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post #2017 of 2203
1/7/09 at 3:37pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

Yep, the local station is at 1.95 in West Los Angeles (meaning the cheap one I go to is probably at 1.85) which is about a .14 hike in ~2 weeks.
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post #2018 of 2203
1/7/09 at 4:18pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

Quote:
Originally Posted by Mike Frezon
$1.71 to $1.99 in two days?!?

Didn't even take two days. When I went to work in the morning, the station was $1.71. When I went home 9 hours later, $1.99.
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post #2019 of 2203
1/14/09 at 8:49am

Re: That's it, I'm walking. gas up 33 cents since Monday,

Oil falls after government's weekly supply report - Jan. 14, 2009

~$35 / barrel. Six months ago the thing was trading at almost $150. A crash of this magnitude has to be unprecedented, no? OPEC members must be crying themselves to sleep every night. This is beautiful.

--
H
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post #2020 of 2203
1/14/09 at 9:21am

Re: That's it, I'm walking. gas up 33 cents since Monday,

I was paying $1.50 in November and it has been steady at $1.69 for a few weeks here. If the price per barrel is dropping still, I guess they are taking profits because it is not showing up at the pump.
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post #2021 of 2203
1/14/09 at 9:58am

Re: That's it, I'm walking. gas up 33 cents since Monday,

i dont mind paying anywhere from 1.55 to 1.70 a gallon. if oil falls and it stays at 1.60 and they are making a profit thats great. they are making money and we aren't being gouged.

on the other hand it would be great if they remembered that part when oil goes up and dont skewer us with the cost but you know they would.
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post #2022 of 2203
1/14/09 at 1:01pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

I'm not expecting it to go down to $1 a gallon, I like it where it is. It's amazing how much of a difference you can see almost overnight. From spending $70 every week and a half on gas to below $35. That's over a thousand dollars a year.
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post #2023 of 2203
1/14/09 at 2:19pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

Quote:
Originally Posted by drobbins
If the price per barrel is dropping still, I guess they are taking profits because it is not showing up at the pump.
I wonder if the new 'taxes' are being implemented? Certain states are adding something like $0.10 - $0.20/gallon tax to help offset the loss of revenue for road repairs.
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post #2024 of 2203
1/15/09 at 6:29am

Re: That's it, I'm walking. gas up 33 cents since Monday,

we went up a dime yesterday. most places are at 1.70 now
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post #2025 of 2203
1/15/09 at 2:58pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

Went up twenty cents here today to $1.94. Not sure what that's all about.
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post #2026 of 2203
1/15/09 at 4:28pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

^^ Yeah, with the price of oil at a record low, I'm wondering why the station near me went up another $0.11 to $1.89
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post #2027 of 2203
1/15/09 at 7:34pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

NY jumped about 20-cents this week; around $1.80 or so. It's still nice to be paying half what I was last year.
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post #2028 of 2203
1/16/09 at 12:44am

Re: That's it, I'm walking. gas up 33 cents since Monday,

Quote:
Originally Posted by MarkHastings
^^ Yeah, with the price of oil at a record low, I'm wondering why the station near me went up another $0.11 to $1.89

Because it's freaking -15 outside! I'm sure the sudden increase in demand for heating oil is wearing down the supply.

It was $1.99 for several days, then dropped to 1.92, then popped up to 2.05 today.
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post #2029 of 2203
1/16/09 at 5:38am

Re: That's it, I'm walking. gas up 33 cents since Monday,

Quote:
Originally Posted by DaveF
It's still nice to be paying half what I was last year.
Yeah, I'm not complaining about not having to pay $4, but the thing I'm worried about is where the hike is headed again.

And while I don't like to believe in paranoid theories; there's a part of me that believe the oil companies are raising prices to offset the CEO's losses...poor Mr. Fat Cat can't afford that 3rd yacht!
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post #2030 of 2203
1/16/09 at 11:31am

Re: That's it, I'm walking. gas up 33 cents since Monday,

Quote:
Originally Posted by Paul D G
Because it's freaking -15 outside! I'm sure the sudden increase in demand for heating oil is wearing down the supply.

It was $1.99 for several days, then dropped to 1.92, then popped up to 2.05 today.
Actually, they just reported last week that the inventories of gasoline, heating oil, and other distillates are higher than anticipated and keep rising due to decreased demand. That, combined with the continuing drop in the price of oil, would seem to indicate there's no reason for gas prices to be rising other than the oil companies trying to salvage their balance sheets and profit margins.
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post #2031 of 2203
1/16/09 at 12:33pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

I have been keeping track of my mileage for the past couple of years now which includes writing down what I paid per gallon. I filled up yesterday for $2.03 for regular unleaded at a Chevron station in San Bernardino, CA. That was the first time I paid more than $2 a gallon since 11/21/08. Prices peaked around here at $4.59 per gallon (for regular unleaded) last June and started dropping every time I filled up until 12/12/08 when I paid $1.65. Since that tank, prices have been increasing 4 to 9 cents per gallon each time I fill up (usually every 4-6 days).

I don't understand why prices are rising so quickly when I am hearing that oil keeps decreasing in cost per barrel. I understand that we have to have our special blend of gas here in California but this is getting ridiculous. I know, I know... it's better than the $4.59 I paid last June but I just wish the price of gas would stabilize somwhere.
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post #2032 of 2203
2/3/09 at 5:45am

Re: That's it, I'm walking. gas up 33 cents since Monday,

Yeah, gas in southwest Houston keeps going up as well..back up to about 1.79 right now.

I don't know if this site has been posted, but I've seen mention of a few of you keeping track of your mileage/etc.

I've been using Fuelly | Share and Compare Your MPG for several months now and love it. I believe it lets you import xls files...

Todd B
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post #2033 of 2203
2/3/09 at 6:04am

Re: That's it, I'm walking. gas up 33 cents since Monday,

we are up to a 1.75 here. i've not been keeping track but i thought oil was still going down. why does gas keep creeping up.
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post #2034 of 2203
2/3/09 at 8:05am

Re: That's it, I'm walking. gas up 33 cents since Monday,

Quote:
Originally Posted by MarkHastings
Yeah, I'm not complaining about not having to pay $4, but the thing I'm worried about is where the hike is headed again.

And while I don't like to believe in paranoid theories; there's a part of me that believe the oil companies are raising prices to offset the CEO's losses...poor Mr. Fat Cat can't afford that 3rd yacht!
Executive salaries are such a miniscule percentage of revenues that even if that were true, it would represent an increase of a small fraction of a penny. In short, you'd never see it or feel it.
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post #2035 of 2203
2/3/09 at 8:34am

Re: That's it, I'm walking. gas up 33 cents since Monday,

Exxon made it's largest profits in history!

Banks are closing, people are losing their jobs and homes, bailouts are killing this country and were letting these fat cats get by? Something ain't right.
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post #2036 of 2203
2/3/09 at 8:40am

Re: That's it, I'm walking. gas up 33 cents since Monday,

Exxon made its largest profits in history. "Made" is the key word. This year looks quite different, even for them.
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post #2037 of 2203
2/3/09 at 8:49am

Re: That's it, I'm walking. gas up 33 cents since Monday,

^^ So to battle the struggling economy, they figured they'd try to squeeze every last cent out of Americans (till they bled to death) so they would have enough $$ to last through the recession?
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post #2038 of 2203
2/3/09 at 1:57pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

Quote:
Originally Posted by MarkHastings
Exxon made it's largest profits in history!

Banks are closing, people are losing their jobs and homes, bailouts are killing this country and were letting these fat cats get by? Something ain't right.
Those "fat cats" employ lots of little cats, like you and me, who will keep their jobs and buy cars and TVs with their income. And those record profits are enjoyed by stock holders, including university endowments and pension funds, who appreciate keeping some of their capital to pay college students' scholarships and retirement checks.

Or should we hope the oil industry would collapse too, putting those people out of work with their auto-maker cousins?
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post #2039 of 2203
2/3/09 at 4:18pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

Quote:
Originally Posted by DaveF
Those "fat cats" employ lots of little cats, like you and me, who will keep their jobs and buy cars and TVs with their income. And those record profits are enjoyed by stock holders, including university endowments and pension funds, who appreciate keeping some of their capital to pay college students' scholarships and retirement checks.

Or should we hope the oil industry would collapse too, putting those people out of work with their auto-maker cousins?

Hush Dave. The financial world is a zero sum game. You know that every dollar put in a "fat cat's" pocket is one less dollar to feed the hungry and clothe the poor. It could never be used to employ the willing and pay the working.
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post #2040 of 2203
2/3/09 at 6:45pm

Re: That's it, I'm walking. gas up 33 cents since Monday,

What Jeff Said!

Let's not forget the scale of things. Exxon/Mobile isn't running a lemonade stand. For a company that runs and maintains a nearly $2 trillion infrastructure, $45 billion in profit just isn't that much. The profit margin on gasoline is just a few cents -- not anything even remotely resembling gouging -- but they sell a lot of it. If you completely wipe out Exxon's profit and reduce the price of gasoline accordingly, you'd be lucky if you could buy three DVDs by the end of the year with the money you save. You're not being gouged. It's just that there are a LOT of people buying gasoline.

And things can turn around very quickly, turning record profits into record losses, since huge assets like tankers and oil fields can't be easily liquidated in the event of a market downturn. If the oil market were to contract (as it has for the auto industry), the oil companies would be saddled with the cost of managing a nearly $2 trillion infrastructure that is underutilized and virtually unsellable.

If you had a $2 million business, and you made $45,000 in profit per quarter, who would consider that to be too much profit?
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