$3.49 west side of milwaukee at one station, most others at $3.29. The clerk dropped a hint that even at these prices fill up because numerous stations are running out of regular unleaded so if you chose to wait you'll end up paying more for a higher grade anyways.
I'm going to go get replacement tubes for my bicycle tires now!
Releasing oil from the reserve is likely to do little since we havent built a oil refinery in this country for over 20 yrs and with the damage done due to the hurricane we may have oil but not the ability to make it into gasoline or other products.
For me down here in Peoria, the price got to $3.19/gallon today
"The world of politics is filled with uncivilized, snarling, rapacious beasts that, like untrained mutts, raise their legs and urinate on everything we hold dear," - Michael Savage
djvsuf wrote:Bush is going to relase the strategic petrolieoum ( i don't know how to spell it) but I think the price being this high or higher ain't going down anytime soon cause Bush is only letting what the refinaries need.
It's not like he is going to release all 900 million barrels and bring the price to $1.20.
Plus I guarantee once this "strategic reserve" is used up we'll never see it again. I remember hearing a rumor once we wouldn't be needing this reserve for another couple generations...
Things are going to get very interesting. I just wish the government didn't treat us like sheep and keep us uninformed and in the dark about a crises like this. I for one would rather be told it the way it is that way we can be better prepared.
Same with global warming, they just pretend it doesn't exist. These weather phenomonoms are caused by it and they are FINALLY starting to acknowledge it. Its way too late now though so I wouldn't be surprised to see a storm worse than katrina by the end of the year.
What does tick me off about this is, I once heard on the news that
the Gas/Oil companies made over $300 BILLION in profit from January
till now.
They can afford to keep our prices lower, but I guess that they want to
cash off of this disaster. Only 10% of production is effected.
"The world of politics is filled with uncivilized, snarling, rapacious beasts that, like untrained mutts, raise their legs and urinate on everything we hold dear," - Michael Savage
I checked with my relies back in the mother land (in a country far far away). Gas is about $10-14 a LITER, wich is jsut a little less than a half a gallon.
People people. For one it's not that oil companies are making prices higher to make a higher profit. It's called supply and demand.
With wars in the middle east, production has been slowed. So there weren't as many barrels coming into the country which is what started the rise in gas prices.
Now the refineries (the places which convert crude oil (the stuff that comes out of the ground) to gasoline, heating oil, etc. have been shut down, which is effecting the gas and heating industry more than anything else. And the SOR has been opened before as well, when hurricaine Ivan hit Florida last year.
So basically the supply which was already tight has been cut down even more while demand is just as high, creating problems.
Top 5 wood-5-Goliath 4-Ravine Flyer II 3-Phoenix 2-Voyage 1-El Toro Top 5 Steel- 5-Velocicoaster 4- Maverick 3- Fury 325 2-Steel Vengeance 1-X2 Coaster Count: 444
I filled up yesterday at $2.75 at a Speedway near my house, this afternoon it was $3.35 not joking a $0.60 raise in price over night. The cheapest near my house is $2.86 right now and the most expensive is $3.35. On one corner the gas was $3.35 at that Speedway and across the street at the Shell it was only $2.99, and for some reason some idiot was at Speedway .
Andrew wrote:We have no choice but to pay what the gas stations have to offer or we can't get anywhere even if we don't like the prices.
So you have to pay what the gas stations charge, but it's all based on the simple principle of supply and demand. When you are driving a car that gets 1/2 mile per gallon, you obviously don't care much about your car's fuel economy.
We have been over this before. It's NOT my car end of story.
Andrew wrote:We have been over this before. It's NOT my car end of story.
I never said it was your car. I wasn't even talking about the car. I'm only saying that by willingly accepting high prices for gas, gas stations will charge high prices for gas. They're in it for the money, and if consumers are willing to give it to them, they're more than happy to take it.
I used the example of 1/2 mile to the gallon to help prove this point. And the car gets about 10 MPG (and that's being generous), not 1/2. Next time, if you don't know something, don't post it.