gas in ATL

[Super Dave]

You have a road racing motorcycle, so you will refer to it as "pit bike", please.


LOL!

[andy342]

2.89 in Colton, CA yesterday.  (out in the sticks where I live)

Never thought gas would be 'cheaper' here than anyplace else.

In the mountains near Palomar, $3.51 !!!

[Super Dave]

I am down to $3.09 today in Eagle.  Toward Milwaukee, it will be more expensive.

[throttle]

alright, we all race bikes, we are resourceful, right?

http://www.revenoor.com/GenWebPage.ihtml?formid=1
they are alittle pricey but you can make one very reasonable.

[Super Dave]

Dunno...isn't E85 only about 60 - 70% as powerful as gasoline mistures (gas plus it's oxygenate...ethanol, etbe, mtbe).  

Then, fuel taxes.  Eventually, the tax man comes a knockin'.  

[cardzilla]

On who to buy gas from and who not to buy from, one note.  I noticed the list of non-middle east purchasers included Citgo.  Citgo, while true that they don't buy from the middle east, is owned by Hugo Chavez "president" of Venezuela.  If you're unfamiliar with the situation, he basically kills anyone who is in opposition to his wishes.  He also enjoys back door extortion of the US to help our oil supply.  The guy is bad news, try to find a different company... there has to be one that is worth supporting.

[Super Dave]

Gas...

It's all a pool.  It comes from a terminal and goes where ever.  Additive packages used to be really different about ten years ago, but after all the Clean Air Acts...gasoline isn't much different station to station.  The terminals are not exclusive to BP's or Citgo's, Mobil's to Ma & Pa's.  

Drill in Alaska, bring it here.  Simple.  It probably won't drop the price, but the money will at least go to keeping schools in USA going.

[Super Dave]

The high dollar gas prices are BS and a money making sceme.  I dont believe in anyway that the price of gas has to be this much.  Before it was due to the war and the cost of a barrell of oil over there was going up, now all of a sudden a hurricane forces the price to go up again?  I call it BS and a way for someone to get rich.  It would be neat if we could convince everyone but public safety to STOP driving for one or two days and see if the price drops since the demand would go down.

This is the program that is called business.  

First, let's recognize that we're not necessarily entitled to all the oil at a set price.

The cost of oil is based on futures markets.  Bidding, speculation, etc. that pushes the prices of a commodity up or down.  Based on supply or demand?  Yeah, or speculation there of.  

Oil is bought and sold, real oil.  But those companies also have to hedge their purchases by speculating in the futures market to ensure that their prices can be reasonably steady.

Oil companies have huge increase in profits?

Ok, let's talk.

If you bought one million barrels of oil at $57 a barrel, $57,000,000.  If you sold it and made 4%, you'd make 2,28 million dollars.  

If you bought one million barrels of oil at $70 a barrel, $70,000,000.  If you sold that and made 3.5%, you'd make 2.45 million dollars.  

That's an "increase in profits", dollar wise, but not based on a percentage.  

Anyway, why shouldn't A BUSINESS be viable?  Should it loose money?

If it cost you $10 to get to work and I was reimbursing you, would you like it if I paid you $8?

If you only have so much capacity to make gasoline, the futures price for unleaded gas could be in peril.  Cost goes up.

Drill in Alaska, as it helped the enviornment there when we built the pipeline years ago inspite of the incorrect assumptions of the tree huggers.  They also didn't want any cleaning up of forests in California, Arizona...yeah, who paid for the cost of fighting fires?  We did.  How about increased insurance premiums?  We did.

Gasoline?  Same thing.  Build new refinerys.  Not going to happen over night, but if it doesn't start tomorrow, when?  Next week, next month, next year?  Or do we keep saying that next week, etc.

Any alternative programs for fueling are years and years off.  If he Europeans are so thoughtful about their resources, they would have gotten this all figured out so many years ahead of us that we could have bought the technology for a pretty penny.  But they haven't.  Then, who's gonna finance the new structure of "fueling"..."gas stations" for fuel cells, etc.

Lots of talk, but, worldwide, I don't see anyone with a solution to actually doing anything quickly.  Until then, build the refineries, get the oil from Alaska.  That will hurt the workers in ports that off load petroleum in other US ports, recognize that, maybe they will loose their job.  What are you going to do?

[Super Dave]

I am down to $3.09 today in Eagle.  Toward Milwaukee, it will be more expensive.

And then it bounced up to $3.12...

[Photo_Chick]

Down to $2.95....does anyone remember when it was like .85 per gallon or am I just too freaking old?

[Super Dave]

About four or five years ago, it was way below that when I went to Daytona.  I paid $0.69 going through Georgia.

[roadracer67]

$.69 a gallon. I haven't paid that in 20yrs........ I can remember the day when cigs. were $.99 a pack. Glad I quit, I couldn't afford to drive and smoke at the same time now :o