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Fuel Prices
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| zappaddles |
Posted on 04/07/11 - 1:42 PM
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Man you guys n the West coast and the Northeast get nailed. I recently did a 5 day trip on the Altamaha River in SE Georgia where the non-ethanol fuel price at one marina was $4.20 and at another several miles up river it was an astoundingly low $3.70 at a Mom-n-Pop dock. Gas prices at the pump around my area are $3.50+-.
Zap
If you can't play hurt....stay home. |
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| The Frenchy |
Posted on 02/25/12 - 11:00 PM
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Americans are so lucky !!!!
1 gallon = 3.80 liters
In France, today, 1 liter of gas cost 1.80 euro or 2.42 USD
so when you paid 4.2 USD for 1 gallon, i paid the equivalent of 9.196 USD.................
Guillaume
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| duf |
Posted on 02/26/12 - 6:32 AM
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luckily Trish and I use the boat to cruise to Ski Basin the majority of the time so use very little fuel back and forth for our boating pleasure. But surely will curtail going offshore 50 or 60 miles fishing this year especially if fuel gets up around 5 bucks a gal like their talking about.
Duf
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| John Fyke |
Posted on 02/26/12 - 12:03 PM
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I saw diesel at $4.09 in south fl yesterday.
John Fyke
Re-Fit or Reef It
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| ritzyrags |
Posted on 02/26/12 - 2:46 PM
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Yes,
Everybody is right in reporting feelings and numbers about rising fuel prices..
The questions are
1-Is this a normal situation?
2-Are the oil resources drying up?
3-Is there enough refineries to supply an increasing demand?
4-Do you have a personal choice in regard to pricing?
And if so..
What are you willing to do about it?
This may not be a situation as putting up with the weather.
Each and everyone of us are part of decision making when paying at the pump.
Dont lie
Dont Cheat
And dont give up.. |
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| butchdavis |
Posted on 02/26/12 - 4:06 PM
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Well guys, I guess the fishing will be better and the waterways far less crowded this year. That's OK with me. I remember gasoline during price wars in Albuquerque in 1956 at 0.19 per gallon. A couple of bucks and my 1950 Ford coupe was full. Of course, I only earned $33.80 clear a week.
Life's is too short to allow high gas prices to keep me off the water. I'm close to my 72nd birthday and I intend to get out there no matter what!
Butch |
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| thegage |
Posted on 02/26/12 - 4:08 PM
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ritzyrags wrote:
Yes,
Everybody is right in reporting feelings and numbers about rising fuel prices..
The questions are
1-Is this a normal situation?
2-Are the oil resources drying up?
3-Is there enough refineries to supply an increasing demand?
4-Do you have a personal choice in regard to pricing?
And if so..
What are you willing to do about it?
This may not be a situation as putting up with the weather.
Each and everyone of us are part of decision making when paying at the pump.
My answers:
1. Yes. It's what happens when demand continues to increase worldwide while supplies are limited, in a large part artificially by OPEC. Apart from removing all gas taxes, our (that is the U.S.'s) ability to influence price decreases every day.
2. Yes, with qualification. New technology continues to make old fields more productive and unconventional sources such as shale more cost effective, but it is finite. We just don't know how much is really left.
3. Do you mean U.S. refineries, or worldwide? I haven't seen any studies that show that more U.S. refineries would drive down our prices, but I'd be interested to see some.
4. I don't like paying high prices, but I think we are unrealistic about our expectations for gas prices, and am willing to pay the going rate.
Personally, I try to drive less. My next vehicle will be significantly more fuel efficient. I will do less of some things in order to pay more for gas. It is not a problem we can drill (or refine) our way out of.
John K.
Edited by thegage on 02/26/12 - 4:13 PM
John Kittredge
1991 16 SL - 2013 E-TEC 90 |
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| docsoma |
Posted on 02/26/12 - 7:21 PM
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I hope this note will not be construed as political in anyway.
While we are wise to be nostalgic for the good ol days, when it comes to gasoline prices, as most of us suspect, gas prices today are pretty much where they have been for good portions of the past 100 years when adjusted for inflation.
http://inflationdata.com/inflation/im..._chart.htm
In 1981 that $1.35 per gallon would be the equivalent of $3.31 in inflation adjusted terms for 2011 dollars. Amazingly the average inflation adjusted gasoline prices for the following peak years were; 1918 was $3.69, 1938 was $3.16, 2008 was $3.23, and for 2011 was $3.51. All very close when adjusted for inflation.
These gasoline prices need also to be put in the context of U.S. household income again adjusted for inflation. In 1967, the median U.S. household income was $6,156 (or $40,770 in 2011 dollars) compared to about $49,445 in 2011.
Looking at it another way, for the bottom 10% of U.S. households incomes have stagnated around $12,500 pretty much since 1967. For the top 10% of U.S. households, of course life has been pretty sweet with incomes going from about $87,000 in 1967 (in 2011 dollars) to about $145,000 in 2011.
Beyond these numbers, we are “better off” on a number of other measures. In 1990 39% of U.S. households had central air-conditioning compared to 61% of U.S. household by 2010. In 1990 the average U.S. household had 2 TV sets (pretty good) and by 2010 that had risen to 2.93 TV sets. Of course some groups have done infinitely better than others most likely because of good old fashioned American values such as thrift, hard work and education.
http://online.wsj.com/article/SB10001...13896.html
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| gusgus |
Posted on 02/26/12 - 9:07 PM
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Great post Doc!
1987 Outrage 18 W/150 Merc and 8 Honda |
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| thegage |
Posted on 02/27/12 - 7:26 AM
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I find it surprising that the U.S.'s top export for 2011 was....fuel. "...energy analyst Gregor McDonald points out...that U.S. oil consumption has declined since 2006, which means that much of the refining capacity the country added in the past decade is now geared toward exports."
http://www.washingtonpost.com/blogs/e..._blog.html
Edited by thegage on 02/27/12 - 7:26 AM
John Kittredge
1991 16 SL - 2013 E-TEC 90 |
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| kmev |
Posted on 02/27/12 - 8:25 AM
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thegage wrote:
I find it surprising that the U.S.'s top export for 2011 was....fuel.
And that's why increased domestic drilling isn't going to lower US fuel prices.
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| spuds |
Posted on 02/27/12 - 8:55 PM
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I have been involved in the refining and oil production business for over 35 years. Even with all my involvement, I don't profess to understand everything that drives prices. But one thing that I have found is that most people not in the oil business don't have a clue what is involved and over-simplify all the nuances that affect price.
I am currently one of several maintenance managers that are over eight deep water Gulf of Mexico wells that produce about 1/10th of our countries consumption. One well alone, Thunderhorse, produces over 300,000 barrels of crude a day day and about 1.3 million cu ft of natural gas a day. Most of you can easily do the math at $100 a barrel. Total installed cost however, was well over $3 billion. But when the platform construction began, oil was under $30 a barrel. It was a big gamble when that project began.
Discovery Channel did a special on Thunderhorse and compared it to America's moon program. Thunderhorse is located in 5000 ft of water and no one had put a well in that deep of water previously. Several past astronauts were taken out to Thunderhorse and their comments were along he lines that the high tech effort involved in producing oil from these deep water production platforms are every bit as high tech as anything that the space program does.
Although, yes we do export energy, the article leads us to believe that much of that is precious gasoline when I don't believe that is the case. I do know that the US is a huge exporter of natural gas and that is he bulk of what we export. We simply don't have the infrastructure to utilize all the naural gas we produce.
One other thing about the Gulf Coast wells, is that the oil goes to our Gulf Coast refineries, which once again, very little of that is exported, it's too easy to sell for a great price here stateside. However when you hear folks pushing for drilling in ANWR, claiming it will cure our energy problems, realise that there isn't the capasity to refine that oil in Alaska. Some will come to the lower 48, but most would certainly go to feed the energy demands in China.
Let me wrap up with just an observation. Most people who want to eliminate fossil fuels are the same ones that are going to freak out when they discover the huge demand for electric power and the demand for additional nuclear and coal fired plants, that they've created in the process. Wind, hydro and solar is simply not going to pick up the difference.
1985 Outrage 18 |
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| Keven |
Posted on 03/01/12 - 7:48 PM
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I wish I filled up my diesel car before I left on a 3.5 month trip, oh well!
1981 15' Custom powered by 2005 Yamaha F60 |
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| Binkie |
Posted on 03/02/12 - 3:38 AM
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I can run around all day and only use 3 gallons, in my 13 footer powered by an '08 25hp Merc/Tohatsu EFI 4 stroke. Even at $5.00 per gallon, if it gets that high, its a pretty cheap day on the water. My Pontiac Vibe tow car gets 29 city and 34 highway, and 29mpg towing the Whaler.
I see alot of newer full size pickups for sale lately,
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| contender250 |
Posted on 03/02/12 - 6:03 AM
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I have a question if some one can answer it, On Jan 20/2009 gas was at an average of $1.78 a gallon and the cost of oil was $98.45 a barrel. Today (a little over three years) gas is at an average $3.70 a gallon and the cost of a barrel is $107.35. So how did gas go up about 120 percent and the cost of oil only went up about 10 percent?
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| thegage |
Posted on 03/02/12 - 8:17 AM
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contender250 wrote:
I have a question if some one can answer it, On Jan 20/2009 gas was at an average of $1.78 a gallon and the cost of oil was $98.45 a barrel. Today (a little over three years) gas is at an average $3.70 a gallon and the cost of a barrel is $107.35.
The answer is that I think your figures are wrong. The quick investigation I did show the price of crude oil in January 16, 2009 at $36.51 per barrel. By those figures gas prices have risen at lower percentage than oil prices.
John K.
Edited by thegage on 03/02/12 - 8:25 AM
John Kittredge
1991 16 SL - 2013 E-TEC 90 |
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| FlyAU98 |
Posted on 03/02/12 - 8:35 PM
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contender250 wrote:
I have a question if some one can answer it, On Jan 20/2009 gas was at an average of $1.78 a gallon and the cost of oil was $98.45 a barrel. Today (a little over three years) gas is at an average $3.70 a gallon and the cost of a barrel is $107.35. So how did gas go up about 120 percent and the cost of oil only went up about 10 percent?
Hope and Change.
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| spuds |
Posted on 03/03/12 - 8:37 AM
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FlyAU98 wrote:
contender250 wrote:
I have a question if some one can answer it, On Jan 20/2009 gas was at an average of $1.78 a gallon and the cost of oil was $98.45 a barrel. Today (a little over three years) gas is at an average $3.70 a gallon and the cost of a barrel is $107.35. So how did gas go up about 120 percent and the cost of oil only went up about 10 percent?
Hope and Change.
Crude went from a high of $106 in Sept 2008 to finally settling at about $36 after the economic collapse. Four years later the economy has recovered sufficiently to the point that today crude is nearly identical to the Sept 08 delivery.
1985 Outrage 18 |
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| thegage |
Posted on 03/03/12 - 9:03 AM
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FlyAU98 wrote:
contender250 wrote:
I have a question if some one can answer it, On Jan 20/2009 gas was at an average of $1.78 a gallon and the cost of oil was $98.45 a barrel. Today (a little over three years) gas is at an average $3.70 a gallon and the cost of a barrel is $107.35. So how did gas go up about 120 percent and the cost of oil only went up about 10 percent?
Hope and Change.
Agreed. I Hope that fuel prices will Change for the better, but I fear that continued instability in the world will keep the price of a barrel of oil around $100 or above for a long time.
John Kittredge
1991 16 SL - 2013 E-TEC 90 |
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| rbritdu |
Posted on 03/03/12 - 9:06 AM
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Hope for a Change !!
Bob
1979 V-22 Outrage, 225 HP Yamaha |
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