Thread: $4.00 + gas pricing coming for the summer

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I bought alot of oil stock in the 60s so the higher gas goes the more I make. Let gas go to 10.00 a gallon!!!

[QUOTE=jerry clayton;454295]Uncle Bob


The Alaska oil is (was) supposed to be only for USA however since no refineries on west coast (California) to process,and the tankers won't fit thru the Panama Canal, its shipped to far east and the oil companies replace it with crude from Venzula which is transported across the Gulf of Mexico to Texas, where the refineries are.

/QUOTE]

Yeah Jerry, that story has been repeated so many times people think it's true, however it is not. Here in Washington we have refineries that process Alaska crude everyday, and California refineries do as well (though Mexican crude can get there cheaper at times as well). Also, Federal Law prohibits the sale of Alaska crude as export. I've not seen any legislation that reverses that, though if someone does the real research and comes up with the statute reference (not rumor) I'd be happy to learn and correct my comment.

thats a good graph Bob regarding fuel prices, we had a kind of price controll up here once just about killed our oil industry as it was controlled by the East(old history) .
I know our fuel prices here are higher because of extra taxes but the US prices are slowly getting closer to ours.

There's a price war going on here between BP & Shell across the street. It was $3.13 this morning when I got coffee. I could only fit 25 bux in the tank, but hey, it's $3.39 in Morris.

if we are a net exporter of gasoline how can we need more refinery's ? it all comes down to all the small country's they are selling to. those country's have plenty of oil but no refineries . we buy oil from other country's like buying friends. between our own production plus canada and mexico we dont need middle east oil. but we buy it to keep them happy and not to mention we are using up their resources not ours.

Ahhh the price of gasoline - I saw $3.85 at a Getty Station last night and $3.81 this morning in Saratoga Springs at almost every brand. Near me, it's "only" 3.67/3.69. Even the Mass Turnpike stations are $.20-.30 a gallon cheaper then in NY State

Dave come on down to the fingerlakes $3.77

Originally Posted by 53 Willys

Dave come on down to the fingerlakes $3.77

Trouble with the Finger Lakes region are too many winerys to sample and I never quite make it to Ithaca or Watkin's Glen without a BIG smile

Originally Posted by shine

if we are a net exporter of gasoline how can we need more refinery's ? it all comes down to all the small country's they are selling to. those country's have plenty of oil but no refineries . we buy oil from other country's like buying friends. between our own production plus canada and mexico we dont need middle east oil. but we buy it to keep them happy and not to mention we are using up their resources not ours.

You may know what the terms "net exporter......" mean, but I'll bet most people hear/think something different than what it actually means. For those that don't understand it means we export more finished product, which includes diesel and jet fuel, and other petroleum products as well, than we import (which is also to say we still import finished product as well), so it's a plus/minus game. It's a very complex market, and cherry picking one stat out of the entire picture won't give an accurate evaluation to make meaningful decisions on other factors. If that info is accurate, and there is some dispute about that, it would be the result of reduced consumption in our domestic market. With real unemployment being somewhere around 15% people have cut back on fuel consumption along with other consumables. Were we to get some serious job encouraging government and the economy turn around as quickly as it did in the '80s those numbers would swing back to our being a net importer fairly quickly. In which case we end up competing with those that your statement means we're suppling now. Supply/demand, in that instance, working against us. Short term thinking is what gives politicians excessive power to yank us around.

Also, I get a kick out of the Libs in the news that also point to this temporary "net exporter....." notion. We are beat to death almost everyday about evil corporations shipping jobs overseas. And then we have the evilest of all corporations, oil companies, keeping jobs in this country to export our own production. But again, if people don't look at the big picture they don't see the fallacy in that kind of reporting.

true but my point has always been we have no shortage of oil . but because china does the price goes up . er have around 25 refineries here in texas. and most are running wide open . i have a friend who works on pump barges. they run 7 days a week . supply and demand has always been king. with developing nations heeding more and more the demand is kicking our butts . unfortunately our gov does not subsidize our fuel. they tax hell out of it.

Just made a 2000 + miles road trip from OK to AZ and back.
Never say gas over 3.20 on I - 40
Diesel anutter story, anywhere frome 3.85 to 4.15
And, yep I was pullin a trailer (loaded) both ways.
Don't get me started.

Pro70Z28---Gary, filled up there at Shell tonight for the $3.13----as we turned off I55 at Reed Road exit the Marthron was $3.59 or 69, don't really remember as it was just a fleeting glance as I made the turn--The 3.49 up here at Bartlett

Hi jerry howve ya been? Gas 3.13 here

I guess some of you west coast folks have forgotten 2007.
I remember seeing it as high as $5.35.

Yes, this really should've been titled 6 dollar a gallon gas is coming! It won't be to much longer before it's here!