At the Pump

[Guest]

imported post

Gasoline prices will rocket 24 cents a gallon the next few days, as stations across the USA scramble to keep up with big jumps in the prices of oil and wholesale gas.

"It's going to be brutal, horrendous," says Peter Beutel, president of energy-price tracker Cameron Hanover. He has followed energy markets for nearly three decades.

Thursday, light, sweet crude oil for April delivery traded as high as $55.20 a barrel in New York before closing at $53.57.

A 24-cent jump in the price of gas would bump unleaded regular to a nationwide average of about $2.16 a gallon, blowing through last May's record of about $2.06. It could go higher as increased warm-weather driving in another two months pushes up demand, and therefore prices, forecasters say.

The price increase translates to "$90 million a day, every day that it remains in effect," which could be several months, Beutel says.

That be a drag...in more ways then one.

 

[Guest]

imported post

For tsptorture: Before he asks "what does this mean to me".

That means fill up your tank and maybe a couple emergency cans. Because gas at the pump will be going up this weekend.

 

[Montana]

imported post

You folks have me convinced. Just went 100% G close of business today and will fill my tanks with gas. Have 30% of my personal funds in energy and the remainder in very conservative funds. Keeping my fingers crossed. Thanks for the heads up for the 14th Dr. D. Will probably jump back in then, depending on what happens tween now and then. Where is Rolo and Sarah? Would like to here their opinions also.

 

[CFenton1982]

imported post

Maybe its time to buy some stock in vehicles that get better gas prices ya know? Something that sells hybrids, or even the company that I just sold Smart Car ticker i.d. zapz Just a thought know that prices are on the rise and the american people are willing to do anything to save the $$$.

 

[Show-me]

imported post

I was told that a .01 cent rise in fuel prices equates to $1,000,000 rise annually in fuel cost for our fleet. I will look it up to confirm. Most transportation and package delivery companies charge a 6.5% fuel surcharge. So .37 cent stamp is now .394 cent stamp. O lets not forget energy cost for our facilities and mail processing equipment. Point of story is price of stamp will go up not because we are inefficient but because OPEC need our contribution.

USPS Delivers Clean Air and Energy Security

The United States Postal Service (USPS) is the nation's ultimate delivery fleet. Its vehicles travel more than 1 billion miles per year, collecting mail from more than 312,000 street mail collection boxes and delivering to every household in the country. And through rain, snow, sleet, and hail, the USPS does much more than deliver mail. With 33,691 alternative fuel vehicles (AFVs) expected on the road by the end of the year, the USPS continues to be a leader in the drive to help strengthen our nation's energy security and clean the air

 

[Guest]

imported post

Look into my beady rat like eyes and repeat after me "inflation is contained" ...look into my heartless soul and repeat after me "inflation is anchored"...listen tomy lies in front of Congress...:x. You have nothing to worry about. Because energy is no longer factored into inflation indexes - It is damn rosy out there.Besidesenergy costs are such asmall factor in our budgets. Peanuts..... If you are rich.

“All of the dynamics are in place for U.S. motorists to pay new record high prices again this year,” said AAA spokesman Geoff Sundstrom.

Oil prices are roughly 44 percent higher than a year ago, rising sharply in recent weeks due to a combination of colder weather, the declining value of the dollar and the world’s tight supply-demand balance. Instability in Iraq and underlying fears about terrorism have also played a part in the rally.

Gasoline future prices, which serve as a benchmark for most wholesale gasoline traded in the United States, hit an all-time high this week at the New York Mercantile Exchange, or Nymex, as problems at a number of U.S. refineries further added to supply worries.

It all adds up to a potential perfect storm at the corner pump, although the AAA’s Sundstrom said some gas stations “have overreacted to some of the media reports of $80-a-barrel crude and now the two-day run-up in the wholesale futures by posting 20-cent increases in their pump prices.”

 

[coolhand]

imported post

See a trend?

http://www.bullandbearwise.com/CLYChart.asp

 

[Guest]

imported post

Yes ifit makes the economic data look bad take it out of the data. Works everytime. I just about want to puke when I hear the core rate of inflation is at record lows of 1.5-1.7%.

Why I puke you ask? That is the rate they utilize for social security COLA indexes increases. Which means the people that need it most are the ones that are getting screwed.

Hey but we all do not use energy, eat or own a home (housing index is based on a rental not home ownership - meaning property taxes, school taxes, insurance as a owner is not a factor).

You have nothing to worry about...all is well.

 

[tsptalk]

imported post

Montana wrote:

Where is Rolo and Sarah? Would like to here their opinions also.

Rolo is around. Sarah apparently does not post anymore because I didn't ban Dr_D.

 

[Guest]

imported post

tsptalk wrote:

Sarah apparently does not post anymore because I didn't ban Dr_D.

Ahh the little wild cat.

I am "sure" she is lurking around.

Come back Saraho. We miss you .

 

[Show-me]

imported post

I have been doing a little reading. Here is an interesting factoid about oil reservoirs.

The Future[/i]
Because of the wide dissimilarity in rock and fluid properties, combined primary and secondary reservoir recovery factors of 30 to 40% of original oil in place are considered good. This leaves 60 to 70% of the original oil in place as the target for augmented-recovery methods. Since the injection of any fluid into a reservoir is expensive, either low-cost injectants or high increased recovery factors are needed to ensure good economics.[/i]

http://www.spe.org/spe/jsp/basic/0,,1104_1714_1155056,00.html

hmmmm[/i]

 

[Guest]

imported post

Show-me wrote:

Since the injection of any fluid into a reservoir is expensive

Funny I read that in Penthouse too. Crazy.

There is no major oil fields left. The good stuff is all most gone...the lower grade crudes are horrible to the environment and expensive to process....

Brentwood crude will be $64 by Nov - I have been saying that for three months now.

When commodities are having a bull run, stocks will get trampled. Just a matter of time. Just research 1972 .

 

[Rolo]

imported post

Dr_Dubious wrote:

Show-me wrote:

Since the injection of any fluid into a reservoir is expensive

Funny I read that in Penthouse too. Crazy.

Bahahahahaha!

If Saraho doesn't want to 'waste her time', I'm sure she means it. *ahem*

I paid $2.219/gal today. meh.

 

[Guest]

imported post

Rolo wrote:

I paid $2.219/gal today. meh.

You realise out of that 2.219 about a buck and a dimeis excise taxes???

Bottom line: We pay a lot more taxes then you think. They arehidden everywhere.

 

[Rolo]

imported post

Dr_Dubious wrote:

You realise out of that 2.219 about a buck and a dimeis excise taxes???

Bottom line: We pay a lot more taxes then you think. They arehidden everywhere.

Yes, actually, the taxes are posted right on the pump! Why do you think anyone other than you is an idiot?

So half of that is taxes...I thought you liked taxes...for those Robin Hood programs and all...

It doesn't matter...Ima still keepin' my turbo spooled much o' the time...for a killer 14.7 MPG.

 

[Guest]

imported post

Rolo wrote:

Why do you think anyone other than you is an idiot?

I am getting tired of the personal attacks.

 

[Rolo]

imported post

Dr_Dubious wrote:

I am getting tired of the personal attacks.

Then dismount that high horse and quit starting them.

Also, I think you're only bent out of shape 'cos you're losing.



On a serious note: your commentary is like a poorly poured beer: 75% head, 25% actual liquid beer. The former detracts from the latter, it gets old sippin' air in order to get to the good stuff.

Don't forget to have your six picks by tomorrow in your account/account talk.

 

[Guest]

imported post

Dr_Dubious wrote:

Rolo wrote:

Why do you think anyone other than you is an idiot?

I am getting tired of the personal attacks.

Some of us are tired of you turning off the ladies with your crude comments also. And your pics!!!!!!!!!!!!!! :shock:

 

[Montana]

imported post

In the words of a Great American:

Can't we all just get along!!!!!!!!

o

 

[Guest]

imported post

Montana wrote:

In the words of a Great American:

Can't we all just get along!!!!!!!!

o

LOL, great American?..................:shock: