Gas Prices

[gerihearne]

gas and watching energy stocks

about 3-bucks in chicago

some energy stocks -- anybody want to weigh in?

aci (arch coal) did great last week
btu (peabody energy) and vlo (volero) did pretty good last week ...
cop as well

tpp (teppco) and kmp (kinder morgan energy) at their lows-midrange right now, could shoot for their highs ... in the coming weeks

any of you techies want to weigh in on tpp and kmp (the others might be a chase .. but who knows .. the way energy is going .. might be good to get in on those, too)

as u all know, i'm green (and trying to get greener, in a way

Graciously,
Geri

[df21084]

Get rich quick

Be very careful. The hammer-like shock waves created by detonation subject the head gasket, piston, rings, spark plug and rod bearings to severe overloading. Repairs would cost more than the higher octane gas . . . .

Why would I have any problems? I need 91 octane, and a 50-50 blend of 89 and 93 yields 91. Of course, I only save about $.55 per tank.

With a $.55 per tank savings, I'll be rich in NO TIME!

[Jim Smith]

About two years ago, I bought Mercedes Benz's new diesel car, the E320 CDI....with a fuel injected diesel engine.....I get 37 mpg on the highway and about 25 around town....Since I work at home trading full time, I don't drive much. I average about 8000 miles a year.....I bet I fill my tank about once every 3 weeks. When I go to my local gas station in ohio, it's usually just to buy a six back of Guinness.

[RL]

Best price In Buffalo $2.89 reg.

[New-born baby]

Why would I have any problems? I need 91 octane, and a 50-50 blend of 89 and 93 yields 91. Of course, I only save about $.55 per tank.

With a $.55 per tank savings, I'll be rich in NO TIME!

Problems? Well, if you don't actually make it 50-50, you won't have enough octane and detonation may occur . . . or perhaps the real requirements of your engine (i.e. in real life operation, not a textbook theory) could be the 93 you are already using. I am just saying going cheap here is no real way to save. 55 cents per tank, compared to $2000 for a new head gasket, or $7500 for an engine rebuild=false economy.

[Olegeezer]

Just drove from Charleston SC to Conn.
2.99 Johns Island S.C.
3.05 Rocky Mount N.C.
2.76 Philly
3.05 Fairfield CT.

YOU GOOOOO ! New Born Baby with all your Canadian Royalty Trusts and Suncor Option Chains YOU RULE!!! We STILL be styilin in our Hummers.

[Lyehopper]

About two years ago, I bought Mercedes Benz's new diesel car, the E320 CDI....with a fuel injected diesel engine.....I get 37 mpg on the highway and about 25 around town....Since I work at home trading full time, I don't drive much. I average about 8000 miles a year.....I bet I fill my tank about once every 3 weeks. When I go to my local gas station in ohio, it's usually just to buy a six back of Guinness.

My wife drives a Surburban aka GUZZLER.... I drive a Ford F-350 6.0 L Diesel truck.... Diesel Fuel's outrageous! I'll be burning a lot of offroad in about three weeks too as our first hay cutting happens. Now I'll need beef prices to go up to make any money!.... WAIT!!!! Ain't that called freakin inflation?!!!!

I need to start me a little BioDiesel processing plant.

[Rob]

Diesel

Lye, I don't know if it's changed, but a couple days ago I noticed that one of those stations (BP I think) on Elm Ave. just off of 581 was selling diesel for cheaper than regular. I think it was $2.69 or something like that. The only reason I remember is becaue I don't recall seeing diesel cheaper than regular in a lonnnnng time.

[Jim Smith]

I normally find diesel fuel prices to be just about equal with mid grade gasoline prices....I drove a Jaguar before and it used premium...So, I win on the front end by saving at the pump and win on the back end by getting better fuel mileage, at least versus Jaguar......And, I don't have a Jaguar with a transmission made in Cincinnati ohio....I wonder who at Ford came up with that bright idea?

[Jim Smith]

High gas prices don't bother folks in Cincinnati, at least not on the east side.....When a new interesting vehicle comes out, I'll see 10 of them almost immediately over a 7 mile stretch of road.....Hummer 2 is a dime a dozen....I even see quite a few H1.....There's a Maserati dealership 7 miles away.....The Reds/Bengals players tool around in Ferraris....I guess the non sports players made their money in Proctor Gamble stock options. The local news has to go to the working class section of Cinci to find folks truly upset by higher gasoline prices.

[Jim Smith]

And speaking of higher oil and gas prices, why doesn't the SEC raise the margin requirements in the futures markets? That's where we're getting robbed, IMO....Raising silver futures margin was what put and end to the Hunt's attempt at cornering the silver market in 1980.

[billyjoe]

I haven't driven a car since January and don't know when I will again. Trading 3.00 a gallon gas bills for 6 figure medical expenses is not a good idea.

billyjoe

[sowersnc]

Here is a map of all the current gas prices. It shows which states tax gas the most.

http://www.gasbuddy.com/gb_gastemperaturemap.aspx

[gerihearne]

stopping the gas war grassroots?

this hit my e-mail .. just passing along, fyi ..


Hi everyone,

You know, I'm not one to send the chain letters around. However, this is a WORTHY cause.
I'm on the GAS WARpath! Have a great weekend.
Margie

> GAS WAR - an idea that WILL work
>
> This was originally sent by a retired Coca Cola
> executive It came from one of his engineer buddies
> who retired from Halliburton. It's worth your
> consideration.
>
> Join the resistance!!!! I hear we are going to hit
> close to $4.00 a gallon by next summer and it might
> go higher!! Want gasoline prices to come down? We
> need to take some intelligent, united action.
>
> Philip Hollsworth offered this good idea. This makes
> MUCH MORE SENSE than the "don't buy gas on a certain
> day" campaign that was going around last April or May!
> The oil companies just laughed at that because they
> knew we wouldn't continue to "hurt" ourselves by
> refusing to buy gas. It was more of an inconvenience
> to us than it was a problem for them. BUT, whoever
> thought of this idea, has come up with a plan that can
> really work. Please read on and join with us!
>
> By now you're probably thinking gasoline priced at
> about $1.50 is super cheap. Me too! It is currently
> $2.79 for regular unleaded in my town. Now that the
> oil companies and the OPEC nations have conditioned us
> to think that the cost of a gallon of gas is CHEAP at
> $1.50 - $1.75, we need to take aggressive action to
> teach them that BUYERS control the marketplace..not
> sellers. With the price of gasoline going up more each
> day, we consumers need to take action. The only way we
> are going to see the price of gas come down is if we
> hit someone in the pocketbook by not purchasing their
> gas! And, we can do that WITHOUT hurting ourselves.
> How?
>
> Since we all rely on our cars, we can't just stop
> buying gas. But we CAN have an impact on gas prices if
> we all act together to force a price war.
>
> Here's the idea: For the rest of this year, DON'T
> purchase ANY gasoline from the two biggest companies
> (which now are one), EXXON and MOBIL. If they are not
> selling any gas, they will be inclined to reduce their
> prices. If they reduce their prices, the other
> companies will have to follow suit. But to have an
> impact, we need to reach literally millions of Exxon
> and Mobil gas buyers. It's really simple to do! Now,
> don't wimp out on me at this point...keep reading and
> I'll explain how simple it is to reach millions of
> people!!
>
> I am sending this note to 30 people. If each of us
> send it to at least ten more (30 x 10 = 300) ... and
> those 300 send it to at least ten more (300 x 10 =
> 3,000)...and so on, by the time the message reaches
> the sixth group of people, we will have reached over
> THREE MILLION consumers.
>
> If those three million get excited and pass this on to
> ten friends each, then 30 million people will have
> been contacted! If it goes one level further, you
> guessed it..... THREE HUNDRED MILLION PEOPLE!!!
>
> Again, all you have to do is send this to 10 people.
> That's all!
> (If you don't understand how we can reach 300 million
> and all you have to do is send this to 10 people....
> Well, let's face it, you just aren't a mathematician.
> But I am. so trust me on this one.)
>
> How long would all that take? If each of us sends
> this
> e-mail out to ten more people within one day of
> receipt, all 300 MILLION people could conceivably be
> contacted within the next 8 days!!! I'll bet you
> didn't think you and I had that much potential, did
> you! Acting together we can make a difference.
>
> If this makes sense to you, please pass this message
> on. I suggest that we not buy from EXXON/MOBIL UNTIL
> THEY LOWER THEIR PRICES TO THE $1.30 RANGE AND KEEP
> THEM DOWN. THIS CAN REALLY WORK.

[scifos]

this hit my e-mail .. just passing along, fyi ..


Hi everyone,

You know, I'm not one to send the chain letters around. However, this is a WORTHY cause.
I'm on the GAS WARpath! Have a great weekend.
Margie

> GAS WAR - an idea that WILL work
>
> This was originally sent by a retired Coca Cola
> executive It came from one of his engineer buddies
> who retired from Halliburton. It's worth your
> consideration.
>
> Join the resistance!!!! I hear we are going to hit
> close to $4.00 a gallon by next summer and it might
> go higher!! Want gasoline prices to come down? We
> need to take some intelligent, united action.
>
> Philip Hollsworth offered this good idea. This makes
> MUCH MORE SENSE than the "don't buy gas on a certain
> day" campaign that was going around last April or May!
> The oil companies just laughed at that because they
> knew we wouldn't continue to "hurt" ourselves by
> refusing to buy gas. It was more of an inconvenience
> to us than it was a problem for them. BUT, whoever
> thought of this idea, has come up with a plan that can
> really work. Please read on and join with us!
>
> By now you're probably thinking gasoline priced at
> about $1.50 is super cheap. Me too! It is currently
> $2.79 for regular unleaded in my town. Now that the
> oil companies and the OPEC nations have conditioned us
> to think that the cost of a gallon of gas is CHEAP at
> $1.50 - $1.75, we need to take aggressive action to
> teach them that BUYERS control the marketplace..not
> sellers. With the price of gasoline going up more each
> day, we consumers need to take action. The only way we
> are going to see the price of gas come down is if we
> hit someone in the pocketbook by not purchasing their
> gas! And, we can do that WITHOUT hurting ourselves.
> How?
>
> Since we all rely on our cars, we can't just stop
> buying gas. But we CAN have an impact on gas prices if
> we all act together to force a price war.
>
> Here's the idea: For the rest of this year, DON'T
> purchase ANY gasoline from the two biggest companies
> (which now are one), EXXON and MOBIL. If they are not
> selling any gas, they will be inclined to reduce their
> prices. If they reduce their prices, the other
> companies will have to follow suit. But to have an
> impact, we need to reach literally millions of Exxon
> and Mobil gas buyers. It's really simple to do! Now,
> don't wimp out on me at this point...keep reading and
> I'll explain how simple it is to reach millions of
> people!!
>
> I am sending this note to 30 people. If each of us
> send it to at least ten more (30 x 10 = 300) ... and
> those 300 send it to at least ten more (300 x 10 =
> 3,000)...and so on, by the time the message reaches
> the sixth group of people, we will have reached over
> THREE MILLION consumers.
>
> If those three million get excited and pass this on to
> ten friends each, then 30 million people will have
> been contacted! If it goes one level further, you
> guessed it..... THREE HUNDRED MILLION PEOPLE!!!
>
> Again, all you have to do is send this to 10 people.
> That's all!
> (If you don't understand how we can reach 300 million
> and all you have to do is send this to 10 people....
> Well, let's face it, you just aren't a mathematician.
> But I am. so trust me on this one.)
>
> How long would all that take? If each of us sends
> this
> e-mail out to ten more people within one day of
> receipt, all 300 MILLION people could conceivably be
> contacted within the next 8 days!!! I'll bet you
> didn't think you and I had that much potential, did
> you! Acting together we can make a difference.
>
> If this makes sense to you, please pass this message
> on. I suggest that we not buy from EXXON/MOBIL UNTIL
> THEY LOWER THEIR PRICES TO THE $1.30 RANGE AND KEEP
> THEM DOWN. THIS CAN REALLY WORK.

I see these from time to time and I always get a good chuckle. Exxon Mobile doesn't sell gasoline. They pump oil out of the ground and do some of the refining. All the BP, Texaco, Exxon gas stations you see are locally owned franchises, and a gas price war will hurt the local guy much much harder than the big guys. They've made billions lately, how long do you think they can withstand a little demand drop? Probably for several years. At any rate, you can't just target one oil company, there's like 5 or 6 major oil companies (they're so diversified that they are almost immune to demand shocks, especially on just one product, gas). ExxonMobile will just sell its oil to BP or ChevronTexaco if it needs to. And if that doesn't work, the government will bail them out cuz Big Oil owns congress.