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Hidious

Gas prices

By Hidious, in Miscellaneous Discussions

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the_game    452

the_game
Posted
Regular is still above $4 here.

The Island is horrible for gas prices. I try to use the BJ's gas station in freeport as much as possible as their prices are usually lower then normal. ($3.85 as of today)

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Rustpot    1

Rustpot
Posted

Dropped into the $3.80 range for a little while. A few days in the $3.70 area.

Still pisses me off seeing multiple daily fluctuations at the pump. I did a lot of shopping in town for my summer job and I saw a gas station go from $3.89 to $3.85 to $3.86 in the span of 5 hours.

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EBondo    233

EBondo
Posted

Seems like I'm one of the lucky ones, but supposedly NJ has one of the nation's lowest gas prices. I don't think I ever had to pay over $4.00 for gas yet.

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Spreedizzle    1

Spreedizzle
Posted
Dropped into the $3.80 range for a little while. A few days in the $3.70 area.

Still pisses me off seeing multiple daily fluctuations at the pump. I did a lot of shopping in town for my summer job and I saw a gas station go from $3.89 to $3.85 to $3.86 in the span of 5 hours.

I thought that there was a recent law passed about stations being able to change their prices only once per day......????

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Chadd    916

Chadd
Posted
We need to change our habits

In terms of what?

Prices here in England are around £1.17 a litre from what ive seen (recently)

Reducing utilization will lower overall demand and lead to lower prices. Even if the developing nations increase their utilization, the most industrialized nations may be able to offset the increased demand by use of alternative energy sources. Your prices are that much higher because of the taxies levied by the government in the UK.

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kilner    0

kilner
Posted
We need to change our habits

In terms of what?

Prices here in England are around £1.17 a litre from what ive seen (recently)

Reducing utilization will lower overall demand and lead to lower prices. Even if the developing nations increase their utilization, the most industrialized nations may be able to offset the increased demand by use of alternative energy sources.

Good. I was expecting an uneducated answer of the ozone layer and protect the environment and all that tosh.

Your prices are that much higher because of the taxies levied by the government in the UK.

How much higher are they compared to over in America?

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gxc999    7

gxc999
Posted
We need to change our habits

In terms of what?

Prices here in England are around £1.17 a litre from what ive seen (recently)

Reducing utilization will lower overall demand and lead to lower prices. Even if the developing nations increase their utilization, the most industrialized nations may be able to offset the increased demand by use of alternative energy sources.

Good. I was expecting an uneducated answer of the ozone layer and protect the environment and all that tosh.

Your prices are that much higher because of the taxies levied by the government in the UK.

How much higher are they compared to over in America?

Between double and triple. Assuming you're paying $2.20 a liter, about 2.5x. The heavy taxes in part pay for mass transit etc but they largely function to disincentivize vehicle ownership.

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15yearsofhistory    0

15yearsofhistory
Posted
Reducing utilization will lower overall demand and lead to lower prices. Even if the developing nations increase their utilization, the most industrialized nations may be able to offset the increased demand by use of alternative energy sources. Your prices are that much higher because of the taxies levied by the government in the UK.

Chadd, I would love to agree with this, but it's only theoretically correct. Demand has already gone down considerably due to less traveling and all that, and look at where we are. The Nation is still paying pretty close to the same prices (maybe a little bit less) but nothing's giving here. Our only hope is to actually stimulate the economy and stop acting like whiny bitches. By witholding our own money, the economy gets worse and worse. For the love of God, spend so the prices of things can go down.

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Chadd    916

Chadd
Posted
Reducing utilization will lower overall demand and lead to lower prices. Even if the developing nations increase their utilization, the most industrialized nations may be able to offset the increased demand by use of alternative energy sources. Your prices are that much higher because of the taxies levied by the government in the UK.

Chadd, I would love to agree with this, but it's only theoretically correct. Demand has already gone down considerably due to less traveling and all that, and look at where we are. The Nation is still paying pretty close to the same prices (maybe a little bit less) but nothing's giving here. Our only hope is to actually stimulate the economy and stop acting like whiny bitches. By witholding our own money, the economy gets worse and worse. For the love of God, spend so the prices of things can go down.

Prices have gone down around 50 cents from the start of June around here, roughly corresponding to the $30 or so that a barrel has gone down. The dollar has also started gaining strength and that tends to make the price go down a bit. Refiners also decreased production, more than demand decreased, that led to the $3 increase today.

As for stimulating the economy, I disagree. At some point we have to be willing to endure the negative side of the cycle, otherwise it's not an economic cycle. The bigger economic problem we have is that most people are more concerned with the performance of the stock market than with job creation and wage improvement. That said, we're getting way off topic here.

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gxc999    7

gxc999
Posted

I have to agree with Chadd to a large extent. The weak dollar accounted for around $30 of the cost at approx $140. I think rampant speculation and fear mongering was worth another $30-40. However, the legit concern is a growth in demand by China and India. These are petrol hungry countries and demand is currently and is projected to skyrocket in the next 25 years. Peak Oil Theory is another concern that many commodities traders ascribe to. But truth be told, anything over $100 in this point is probably too high. I'd be surprised if it didn't break as low as $95 before winter hits (so long as no hurricanes or major supply disturbances emerge).

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Chadd    916

Chadd
Posted

The future demand to developing nations is bunk in reference to prices today. China, India and others may well need additional supplies in the future, but that shouldn't have anything to do with prices today. Chinese use has actually gone down significantly lately, they're using less than projected and the factories shut down for the Olympics should result in even more significant reductions from the projections.

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JR97    2

JR97
Posted

It's a perfect setup. Push gas prices to $5 and people will GLADLY pay $3.80.

The oil companies reported billion dollar profits last quarter. Nice.

I commute by bike and I love it. Come winter, I'll go partial bike partial bus. My commute is 15 miles each way and takes an hour or less depending on how well the engine is running that day. Bussing the whole is 1.5-3 hrs and driving is 20-30 min. I can't get away with getting up late for work now, but but getting up at 5:00 is actually easier than 7:00 or later. Weird.

There are plenty of alternatives and I disagree with whomever said people have to drive. Paradigm shifts are hard and can require huge changes in behavior/lifestyle. I used to bus it to college 60 miles each way. Took forever and sucked. But I got a lot of the reading homework out of the way. When I worked 60 miles away and did the bus thing, it sucked. But I got a lot of personal reading out of the way and killed my fair share of aliens on the little video game. The suck factor was all in the mind and took a while to change.

I only drive my truck to work on hockey night and once on the weekend for my weekend games. The wife does most of the shopping and running kids around in her van, so we're essentially a 1 2/7th car family. We also have the kids walk/bike/bus as much as possible.

North Americans are just too used to convenience. But convenience is dependence.

btw, all of the biking has done wonders for my game. Biking on game day is a great way to get the legs going for the day.

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