Oil Slick Stuff

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nnuut said:
Here we go again!:nuts:
Obama administration cuts back oil shale development
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Just saying...

GulfOilCrisisbarackObama.jpg
obama-gas-prices.jpg
 
the prices in buster's sign remind me of two questions i've had about the retail price of gas but have never been able to figure out. maybe someone can explain for me?

what is the 9/10 of a penny all about? why not just say $3.84, $3.94, and $4.04?

why the even $0.10 increments between grades? if regular is $4.00 and plus $4.10 then it must have 2.5% more 'good stuff' in it right (0.10/4.00)? and if premium costs $4.20 then it has 5% more 'good stuff' in it (0.20/4.00)? so if regular sells for $3.00 then plus should cost $3.075 and premium $3.15, bit they still charge in increments of 0.10: $3.00, $3.10, & $3.20. and if regular were $5.00 then it should be $5.125 & $5.25, but i bet instead they would charge $5.10, $5.20 & $5.30. why is that?
 
burrocrat said:
the prices in buster's sign remind me of two questions i've had about the retail price of gas but have never been able to figure out. maybe someone can explain for me?

what is the 9/10 of a penny all about? why not just say $3.84, $3.94, and $4.04?

why the even $0.10 increments between grades? if regular is $4.00 and plus $4.10 then it must have 2.5% more 'good stuff' in it right (0.10/4.00)? and if premium costs $4.20 then it has 5% more 'good stuff' in it (0.20/4.00)? so if regular sells for $3.00 then plus should cost $3.075 and premium $3.15, bit they still charge in increments of 0.10: $3.00, $3.10, & $3.20. and if regular were $5.00 then it should be $5.125 & $5.25, but i bet instead they would charge $5.10, $5.20 & $5.30. why is that?
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Nobody really knows.
Stupid Questions Answered
 
Yes I do it myself, just bought a pressure washer for $399.99 when my Friend asked me how much it cost I said $399, it's a habit.
 
Buster said:
Really?..are we that stupid?
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well, i guess i am because i keep buying the stuff.

now before some greeniac suggests 'why don't you just bike to work idiot,' let me say this: due to the logistics of my commute, even if i was lance armstrong and performance enhancing drugs were legal and i pedalled my butt off and my remaining gonad never got stuck between my spandex shorts and the wrong side of the saddle and i never tater chipped a wheel in a storm grate and everybody always stayed the hell ouf of my way and i didn't get run over by the iron horses, i still would spend more time pushing pedals than paper each day, so that's not gonna happen.
 
June 25, 2013, 7:52 a.m. EDT
Crude prices flirt with $96 on pipeline closure

By Sara Sjolin and Carla Mozee, MarketWatch
LONDON (MarketWatch) — U.S. crude-oil futures climbed on Tuesday on the back of pipeline closures in Canada, as investors waited for a report expected to show a decline in oil inventory.
Crude oil for August delivery /quotes/zigman/2291781 CLQ3 +0.57% rose 60 cents, or 0.6%, to $95.76 a barrel, after briefly moving above the $96 level.
Oil prices found support in news that a major pipeline in the Canadian province of Alberta remained shut after heavy flooding initially closed two pipelines. Enbridge Inc. /quotes/zigman/20592/quotes/nls/enb ENB -2.16% /quotes/zigman/20610 CA:ENB -2.00% late Monday said it has returned one of the pipelines to service.
“The pipeline interruption has already resulted in Canadian oil-sand production being scaled back, and is likely to contribute to lower U.S. oil imports and falling U.S. inventory levels,” analysts at Commerzbank said in a note.
“This incident could reduce public acceptance in the U.S. for new pipeline projects. This would particularly affect the planned construction of the northern section of the Keystone XL pipeline, which is to run from Alberta to Cushing. If less oil flows to Cushing, this will lend support to the [West Texas Intermediate crude] price,” they added.
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Crude prices flirt with $96 on pipeline closures - Futures Movers - MarketWatch
 
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[TD="class: econo-reportname, colspan: 2"]EIA Petroleum Status Report
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[TABLE="class: actual_consensus_box"]
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[TD]		Prior
Actual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 6/26/2013 10:30:00 AM For wk6/21, 2013
[/TD]

[TD="class: actual_consensus_box_numbers"]0.3 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 0.0 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]0.2 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 3.7 M barrels
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[TD="class: actual_consensus_box_numbers"]-0.3 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 1.6 M barrels
[/TD]
Economic Calendar - Bloomberg
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nnuut said:
Crude prices flirt with $96 on pipeline closure
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So...three weeks ago, oil was $96 a barrel, and E10 was $4.25 at the pump near me.

This week, oil is $96 a barrel, and pump price for E10 is $3.35.

All I can say is...SOMEBODY IS MAKING A LOT OF PROFIT OUT THERE.
 
The price of a barrel of oil isn't the only thing that drives the price of gas and ethanol at a local level. :cool:
Ethanol’s Discount to Gasoline Lowest Since 2011 on Higher Use
By Mario Parker - May 31, 2013 7:12 PM ET
http://www.bloomberg.com/news/2013-...gasoline-lowest-since-2011-on-higher-use.html
[h=1]Ethanol Rises Against Gasoline on Signs of Higher Export Demand[/h]
By Mario Parker - May 7, 2013 4:44 PM ET
Ethanol Rises Against Gasoline on Signs of Higher Export Demand - Bloomberg

Gas Prices
Gas Prices News, Photos and Videos - ABC News
 
James48843 said:
So...three weeks ago, oil was $96 a barrel, and E10 was $4.25 at the pump near me.

This week, oil is $96 a barrel, and pump price for E10 is $3.35.

All I can say is...SOMEBODY IS MAKING A LOT OF PROFIT OUT THERE.
Click to expand...

Exactly!..Greedy friggin oil companies or the distributors or both!
 
They got a handful of us and squeeze whenever they want, hard to quit driving and start riding a bicycle!bicycle.gif
 
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