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Fuel Prices in your area?
I am curious as to what gasoline and diesel prices are around the country, and the world for that matter. Do you think lybia has that much influence with oil production as to affect a significant price increase? What is the cause of this increase, in your opnion?
Prices in my area jumped yesterday, from $2.97 to $3.10 for a gallon of regular unleaded gasoline, and diesel fuel was @ $3.50 per gallon this morning on my way to work. Any thoughts or comments?
Prices in my area jumped yesterday, from $2.97 to $3.10 for a gallon of regular unleaded gasoline, and diesel fuel was @ $3.50 per gallon this morning on my way to work. Any thoughts or comments?
COMMUNITY LEADER
3.25 for 87 blend unleaded, it goes up a dime more for 89 and 91 blend.
The gas stations arent making squat on gas or diesel anymore. I get blamed quit often about the prices. I finally told one old geezer who got right in my grill the other night that I raised the price as i knew he was coming in...he just rattled his teeth in his mouth, paid his bill and left. That will fix him!!
The gas stations arent making squat on gas or diesel anymore. I get blamed quit often about the prices. I finally told one old geezer who got right in my grill the other night that I raised the price as i knew he was coming in...he just rattled his teeth in his mouth, paid his bill and left. That will fix him!!
I hear that. Working at a truck stop is probably the worst. They get so freaking insane about everything. I have had beef jerky sticks thrown at me, cussed at, screamed at, threatened. I mean if you don't have everything perfect and they don't like the price of your diesel, it's like their life ***** and you are paying for it.
I think the most ridiculous one was when a guy came in and wanted "diet sprite", I told him that I was sorry we didn't have it", then he complained about the gas prices. I said "I just work here, I don't get any of that money, as far as the diet sprite, you can tell the store manager that we should carry it". He went storming out of the store and yelled "you guys need a truck bomb is what you need", I yelled at after him (not really knowing what to say and having a warped sense of humor "can you do it when I am not here".
Freaking jerks...............
I think the most ridiculous one was when a guy came in and wanted "diet sprite", I told him that I was sorry we didn't have it", then he complained about the gas prices. I said "I just work here, I don't get any of that money, as far as the diet sprite, you can tell the store manager that we should carry it". He went storming out of the store and yelled "you guys need a truck bomb is what you need", I yelled at after him (not really knowing what to say and having a warped sense of humor "can you do it when I am not here".
Freaking jerks...............
Shut up Brian or I will come up there and beat your bippee!!
The prices dropped quite a bit today but will start to rise again with this scare. I do live in the sticks but I am less than 15 minutes from two Ski Resorts and Presidents Day Weekend is the last big weekend for skiing so they jack up the prices every year. This is the highest I have seen it in a while.
Anyway, I still think it is unfounded panic. Libya only produces 2 to 3% or the world's oil. That's not a lot and the Saudis would pick up the slack if need be so these folks need to clam the heck down. The economy is in bad enough shape, we don't need this right now!
My first car was a Volkswagen Beetle and it the price to fill the tank was in the $3.00 range. Dang, I miss those days.
The prices dropped quite a bit today but will start to rise again with this scare. I do live in the sticks but I am less than 15 minutes from two Ski Resorts and Presidents Day Weekend is the last big weekend for skiing so they jack up the prices every year. This is the highest I have seen it in a while.
Anyway, I still think it is unfounded panic. Libya only produces 2 to 3% or the world's oil. That's not a lot and the Saudis would pick up the slack if need be so these folks need to clam the heck down. The economy is in bad enough shape, we don't need this right now!
My first car was a Volkswagen Beetle and it the price to fill the tank was in the $3.00 range. Dang, I miss those days.
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The American share of the Libyan fossil fuel market( which only represents a small percentage of global oil production) is very small( less than 10%) and there are still many more reliable and secure supplies from other oil producing countries. How the crisis in Libya translates into disproportionate fuel price increases here in NZ, the US and the rest of the world is a mystery to me.
I only have a laymans understanding of global economics. At a guess i can see how the Libyan crisis can motivate speculative energy markets to stockpile the available oil from secure sources( North Sea, Gulf of Mexico, Middle East) in anticipation of a much larger energy crisis. The increased competition for the remaining, available supply drives up the barrel prices which are inevitably reflected at the local pumps.
Libya is the 9th largest producer of fossil fuels and the largest source of crude oil in the African continent. Any threat to this supply( however small and inconsequential on the global scale) is enough of a catalyst to drive up fuel prices everywhere. Europe(France 33%, UK 15%, Austria 10%,) is by far the largest consumer of Libyan oil and therefore more vulnerable to the impact of any threat to this source .
The cynic in me imagines fat energy moguls rubbing their hands in gleeful anticipation of increased revenues caused through the suffering of innocent people in oil producing nations. The current Libyan crisis is justification for Energy Giants to increase the price of their own stockpiles/reserves which they purchased at normal, pre crisis value for post crisis,inflated prices. The increase is never proportionate to the percieved risk or the true cost to them. I dont understand how a $3-$4 rise in the value of a barrel of crude translates into a 20-25 cent increase per litre at the pump.
So, i can see how the crisis in Libya can cause fuel prices to increase, i just believe the increases are extortionate and not an accurate reflection of the true cost to the mammoth energy giants. It is a boon for them, sponsored by the lowly consumer.