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Discussion Starter #1
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.
 

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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 :eek:


That's another reason I'm parking the GTO M-F and will be driving my V-6 F-150 ;)
 

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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.
 

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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.
 

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Robertr2000 said:
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 :eek:


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!!!
 

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Discussion Starter #7 (Edited)
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.
 

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b_a_betterperson said:
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.
 

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Here in NJ, as of 5/1/06, it is up to 3.07 for premium at the BP (Amoco) that I go to. Not so bad compared to what I am seeing in other places. I imagine it's just a matter of time...
 

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$ 2.95 around town here :willy: i had to cut 2 of my work days because of the gas. i deliver pizza (not in my goat :lol: ) i was driving 4 days a week spending $50 in gas a week and only making $80- 100 a week in tips. so i am losing money by working if you do the math. i make

Math:

i only pocket $ 30 a week in tips

divided by 4 days= 7.50 a day

divided by 4 hours a day= $1.88 an hour.

thats not worth it
 

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During that time last year, I was spending $500 to $550 in gas for the month. I can only hope that doesn't happen again! But it looks like we're on our way again! :willy:
 
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