Paid a record price for gas today. - Pontiac GTO Forum
User Tag List

Reply
 
LinkBack Thread Tools Display Modes
post #1 of 33 (permalink) Old 04-30-2006, 10:12 PM Thread Starter
 
b_a_betterperson's Avatar
 
Join Date: Feb 2005
Posts: 2,100
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Paid a record price for gas today.

Filled up with premium at 3.349 -- at the absolute cheapest location in the San Francisco East Bay.

Had a couple of minutes -- and went back and checked the maintenance logs on all my cars -- which record everything, including the price of gas -- back to March of 2000.

The lowest price I paid for premium was 1.359 for Shell Premium on 020702. So instead of the 52.18 I shelled out today -- the same amount went for $21.26.

Considering the price was $2.399 in 2001, I'm confident that the laws of physics will eventually pull the price of petrol back down again.
b_a_betterperson is offline  
Sponsored Links
Advertisement
 
post #2 of 33 (permalink) Old 04-30-2006, 10:32 PM
 
Robertr2000's Avatar
 
Join Date: Mar 2006
Location: Walnut Creek CA
Posts: 456
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I filled up in San Francisco on Saturday.

I spent $29.88 for 8.302 gallons of Premium. That's $3.59(.9) a gallon


That's another reason I'm parking the GTO M-F and will be driving my V-6 F-150
Attached Thumbnails
Click image for larger version

Name:	GasPrice.jpg
Views:	93
Size:	227.0 KB
ID:	226  

Spice Red 06
11/05 build
VolantCAI
IXiridium Plugs, 10.4 Taylor
GMM
Pedders StreetII+ (1/2" drop)
Hotchkins Swaybars
Full AMSOIL & RP
JBA Shorties/Cats
MagnaFlow w/Xpipe

soon: DBA 4k XS Rotors, RedStuff
Robertr2000 is offline  
post #3 of 33 (permalink) Old 05-01-2006, 12:25 AM
 
Join Date: Feb 2006
Posts: 439
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Isn't san fransisco the most expensive place in the US?
CrabhartLSX is offline  
post #4 of 33 (permalink) Old 05-01-2006, 03:43 AM
 
Join Date: Mar 2006
Location: chino hills, ca
Posts: 479
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Don't you wish that gas prices went back to the prices they did in 2000-2001. I am 23 and have been driving for about 6 1/2 years and in 2001 I paid 0.98 cents for 92 octane at the time. I really hate now paying 3.47 a gallon for 91 octane.
socal gto is offline  
post #5 of 33 (permalink) Old 05-01-2006, 09:55 AM
 
GM Kid's Avatar
 
Join Date: Mar 2005
Location: Mesa, Arizona
Posts: 558
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Starting to Worry

Remember when some misguided Greenpeace folks (or some such) ransacked Hummer dealerships and vandalized all the H2s on account of their gas-guzzler status? With gas prices what they are, I'm starting to worry that it won't be long before the lunatic fringe takes aim at performance cars. Every time I pull away from a stoplight with a chirp from the tires, I half expect a brick to come out of nowhere.
GM Kid is offline  
post #6 of 33 (permalink) Old 05-01-2006, 10:54 AM
 
Join Date: Sep 2004
Posts: 2,473
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Robertr2000
I filled up in San Francisco on Saturday.

I spent $29.88 for 8.302 gallons of Premium. That's $3.59(.9) a gallon


That's another reason I'm parking the GTO M-F and will be driving my V-6 F-150
It was $3.55 yesterday in Bakersfield...home of countless oil wells and two refineries!!!
Groucho is offline  
post #7 of 33 (permalink) Old 05-01-2006, 12:17 PM Thread Starter
 
b_a_betterperson's Avatar
 
Join Date: Feb 2005
Posts: 2,100
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Heard an economist and energy industry expert from the University of California speak on Sunday morning. The points of interest:

-- Two factors are driving the cost the gasoline: oil pumping capacity and refinery capacity.

-- Pumping capacity is limited because demand is simply exceeding supply.

NOTE: How he can say that when we have an 8 year high level of crude in storage is beyond me -- but that's what he said. Also, the Saudis do have extra capacity to pump but are choosing not to use it.

-- Refining capacity is limited because of two reasons (1) no new refineries have been built since 1969 and (2) a huge number of refineries were closed over the last few years.

NOTE: No kidding, when you create a bottleneck and restrict supply, prices go up.

-- The oil companies are making their big money on the increased price of crude. Their refining margins have fattened up as well. But the refining margins are peanuts when your pumping margins are so huge.

-- So many of the oil companies have merged that they can now spike the price of gasoline simply by shutting a refinery down for maintenance. So investigations for collusion are pointless simply because it isn't even needed anymore.

NOTE: This, by the way, is exactly what the electricity generating companies did to the state of California during our rolling blackout days -- and the Boosh administration, through the Federal Energy Regulatory Commission, said nothing was wrong the entire time. Only when recorded phone calls and e-mails came out from executives and traders ordering plant managers to take their plants offline did anything happen -- in the courts. Meanwhile, everybody here got hosed for billions -- and we couldn't get it back because outfits like Mirant and Enron declared bankruptcy.

No new ground broken here. Of course, being from Berkeley, he wants to tax gas a couple of bucks a gallon so low income people can get their gas subsidized plus a few other wacko socialist commie ideas -- but, overall, it was interesting to hear his perspective.

Last edited by b_a_betterperson; 05-01-2006 at 12:20 PM.
b_a_betterperson is offline  
post #8 of 33 (permalink) Old 05-01-2006, 12:24 PM
 
Join Date: Jan 2005
Posts: 3,541
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I paid 3.09/gal for premium yesterday, thank God we are as cheap as we are here or I'd be screwed.....
GTODEALER is offline  
post #9 of 33 (permalink) Old 05-01-2006, 12:30 PM
 
Join Date: Sep 2004
Posts: 2,473
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by b_a_betterperson

No new ground broken here. Of course, being from Berkeley, he wants to tax gas a couple of bucks a gallon so low income people can get their gas subsidized plus a few other wacko socialist commie ideas -- but, overall, it was interesting to hear his perspective.
Groucho is offline  
post #10 of 33 (permalink) Old 05-01-2006, 12:37 PM
 
Join Date: Dec 2005
Posts: 381
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Groucho
Yeah but she is WOW
purplehaze is offline  
Sponsored Links
Advertisement
 
Reply

  Pontiac GTO Forum > Off Topic Discussions > The Lounge

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Pontiac GTO Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome