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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?
Best Answer
185545 tn?1331074866
Unleaded and Premium fuels are $2NZD per litre which equates to $6USD per gallon. Diesal is cheaper in NZ than Premium and Unleaded and normally tracks at around 3/4 the price of Unleaded( $1.50 per litre) The cost of fuel is much more expensive here because we are geographicaly isolated. Shipping costs must ultimately be absorbed by the consumer.

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.
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271792 tn?1334979657
Funny you should mention this. Not five minutes ago I was discussing it. We are right around the $4.00 mark (3.98 this morning) for regular and they are predicting it to jump to $5.00 a gallon within weeks.

The thing that really burns me is the gas we are putting in our tanks TODAY has been sitting around in barrels and was purchased by the oil companies at a lower price some time back. They are using the FIFO system on this and we are paying the price!!

I think the cause of the price jump is panic. I don't believe it is based on anything concrete.

Don't get me started......uuugghhhhh
Helpful - 0
1047946 tn?1332608029
$3.23 in Central IL. Over the weekend I paid around $3.40 in Southern IN.

Don't listen to IBK...She doesn't know what the fuel prices are in the hills since a horse and buggy don't use any fuel. :-P

I miss that $.98 a gallon price!
Helpful - 0
Avatar universal
Our President is going to speak about Libya tonight. Not sure what time but something's up...  

Gadhafi should have gone in the palace blowup but he left his infant in his place.Sad and he's crazy.

I'm in Albuquerque NM USA (I have to write it that way all the time;many think you need a passport to enter. Good!!  More room for me!!)

Regular unleaded:  2.98-3.19
Diesel:                  3.25-3.65


Helpful - 0
654560 tn?1331854581
   Ha ha ha........My husband pumps all the gas in the winter time. Isn't he a doll.. Today in NC I believe we are hovering somewhere aroung $3.06 to $3.15...............But gas prices have never stopped us from doing what we want............Like trips to the beach 3 hours away or trips to the mountains 3 hours away..............Riding the Harley every weekend that it is pretty............ We just keep going.
It is what it is.........................
Helpful - 0
1032715 tn?1315984234
In Australia for high octane unleaded I pay around $1.35 Lt,which is approximately $5.40 per gallon.
Regular unleaded is 4 or 5 cents a litre cheaper.
Helpful - 0
Avatar universal
It's 2.98 in AZ where I live.
Helpful - 0
495284 tn?1333894042
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!!
Helpful - 0
1432897 tn?1322959537
Paid $2.97 today for 87 octane in NJ.  Glad the oil tank is full.
Helpful - 0
Avatar universal
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...............
Helpful - 0
271792 tn?1334979657
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.
Helpful - 0
495284 tn?1333894042
COMMUNITY LEADER
I'm sure they are "looking" into this!!!
Helpful - 0
1032715 tn?1315984234
It costs me $50 dollars to fill my tank,but it's only a small 4 cylinder Hyundai Excel,
I use 98% high octane fuel.
Helpful - 0
Avatar universal
Prices rose here, this morning 10-20 cents per gallon $3.19--$3.29. Overnight!
Helpful - 0
Avatar universal
Okay...I know for a FACT the prices are the same all across the city now : $3.16   ..

Last night,late,and speaking of truck stops,I went to fill up where I always go. Boy,the truck drivers are really in a knot.  Very upset. They have no faith that the prices are going to stay down or the same. They see it out of sight by July,one guy told me. I usually go inside and have coffee with these guys and they know what they're talking about.  Calif.
is at $4.55/reg in some areas and it goes up from there.
Helpful - 0
Avatar universal
3.50 here in so cal. cost me 70 to fill my durango
Helpful - 0
1580085 tn?1400940838
just thought id tell you,deisel here is £5.62, im from england, i dont know what the exchange rate is, but i do know our government taxes it up to the hilt!!
Helpful - 0
Avatar universal
There's PLENTY of oil in the Gulf of Mexico BUT no drilling is allowed. Considering how long it takes for crude to be available for process and then reach it's way to our gas tanks,
we're in for a long,mysterious haul!  

It makes me angry...we've got it but can't use it.   Who do I call or screw???
Helpful - 0
271792 tn?1334979657
Don't get me going on the ban on drilling in The Gulf. This will turn into a political thread in a snap and will get deleted. So I will just mumble under my breath. I can suggest some "partners" for you Vicki but I don't think it will get you anywhere..LOL
Helpful - 0
1047946 tn?1332608029
What in the world were you doing at a truck stop "late" at night? Is the truck stop you visit kinda like one of those local small town restaurants where the farmers all sit around, drink coffee and bs each other? Did the cashier get in on the conversation?
Helpful - 0
1047946 tn?1332608029
They say the US has more oil in the ground than any other place in the world. I've read this before but don't remember where. I'm not sure how true it really is though.

Here's one link I found....

http://www.patriotactionnetwork.com/profiles/blogs/how-much-oil-does-the-us-have?xg_source=activity

Helpful - 0
Avatar universal
Brian-- I get gas at the truck stop because usually it's the cheapest in this part of the city.
This city is enormous;there is open space but no farmers sitting around anywhere. It's not a walking city at all. The truck stop  is off the interstate,so I can zip right in. I have to
put premium in the Jaguar and it makes me mad so I go to the truck stop because I'm cheap and the guys buy me coffee. But,there is a lot of BSing and,yes,the cashier always
tries to get in on the conversation. The thing is,she only speaks Spanish,no English,and this makes me furious. When I'm "buying" I always use the exact change,too.

I just like to go late at night...less traffic,less sitting in the car.
Are you writing a book?
Helpful - 0
Avatar universal
Brian-- And what difference does it make?  I can go out late at night if I want to. I'm not 12.

Or are you implying something about my character?  What? Women aren't supposed to go out after dark in your world?

Then..you put gas in my car!!   Or shut up!
Helpful - 0
1047946 tn?1332608029
Maybe I will write a book. If I do, I guarantee it will be fiction. It will be full of very tall tales. So tall they will be unbelievable, literally.

Well, if you want to go there....I just watched 20/20 the other day and they had a show about what kind of women were hanging out at truck stops at night. Can you say..."sting operation"?!!!

Honestly I'm worried about your safety. But I'm guessing the cashier at your truck stop knows karate and in the past has probably taken down at least 3 robbers at one time while dialing 911 with the free hand all while brewing a fresh pot of java.

Anyways, in my world women aren't suppose to go out at all........period.....(please don't tell my wife I said that).....lol

I think I'll shut up now...oh, and I'll put gas in your car.
Helpful - 0
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