Latest info on current gas prices

sfergson727 said:
I'm thinking we need to stop making countries that hate us rich. They are paving their streets in gold in the middle east while we have 200 years of oil available here. How about we do something to tell the Arabs to go pound sand. (or turn them into sand, but that's another subject matter)
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One silver lining for your kids is we are using their (Middle East's) oil first.
 
comsnark said:
See. . .. that is the problem. Facts, as you use the term rarely, if ever, have a role to play in discussions. ESPECIALLY if they do not support the point you are trying to make.

The sooner you abandon the use of "Facts" in your arguments. . the better off you will be. :)
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...Also asking for facts can be a thread killer, who has time for facts when there are ill-informed politicians and media outlets to offer sensationalism.
 
They are like roaches. . . you almost can't stomp on them fast enough, as they scurry away from the light.
 
We need more use of domestic CH4, methane, natural gas.... How can we convert our boats to propane?
 
Now gentlemen, you must have heard the head of the energy department say,"major energy policy is to make sure your have the correct air in your tires and get a tune up, other that keep energy price high like in Europe. Check the tires (all four) pressure on my 200 and they are at the required manual listings.
 
rcknecht said:
We need more use of domestic CH4, methane, natural gas.... How can we convert our boats to propane?
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I was wondering about CNG conversions this morning
there are already propane low HP outboards for the dinks
 
MonicoMike, as far as speculation, lets see, when Arab Spring started, prices went up on the speculation that the oil was going to be disrupted. Oil flowed with no problems. When Libya started down their path, prices rose again and never retreated. Saudi's stated that they could make up for oil demand, but the demand did not rise. Each time one of the countries of the EU were having problems, article written stating that this is going to effect oil supply. It has not. And this morning on Bloomberg was the following:

"Crude prices may rise next week as U.S. gasoline gains amid declining inventories, a Bloomberg News survey showed. Fourteen of 25 analysts, or 56 percent, forecast oil will increase through March 9. Eight respondents, or 32 percent, predicted prices will fall and three estimated there will be little change. Last week, 43 percent of surveyed analysts expected an increase."

What is not mentioned here is how much decline in US consumption and the fact that gasoline and diesel is now being exported. So the stock piles could drop due to exports, not from US consumption as would be dictated by consumer spending which is an indication of growth. Now lets see what happens next Thursday when the reports are issue. US inventories will increase the price will drop for a day, then rise again. I think that is called speculation or gambling. The contracts are bought and sold on a daily basis. Since 1988, this has been allowed to by and sell your contracts. Before 1988, you bought your contract and held it to term, hopefully you made money on it.

There is a lot of money riding back and forth on the sales of these contracts before the due date.
 
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I filled up several weeks ago for 3.99/gal when I could see the trend was going to be sky high prices. I just got an email from my marina stating that we had better get gas this weekend because they were getting a delivery Monday and will be forced to raise the price dramatically due to the increased cost with the new shipment. I am assuming it is still 3.99/gal through the weekend. Rain tomorrow so I guess I will go out and open her up on Sunday, then top her off again.

If it will likely reach close to $5/gal in March, I am starting to have a feeling this will be the "Summer of Genny and Jet Ski".
 
Gas hit $4 bucks agal here, The other gas stations will soon follow.
 
Diesel hit $4.60 and unleaded at $4.39. Who knows at the marina, I am afraid to check. I bet it will cost me around $500 or more to fill. Just won't be boating this year. I was planning the San Juans but not now...........This really sucks to own a cruiser and can't afford to use it.
 
This should give a good idea of what the Keystone pipeline is about. http://www.msnbc.msn.com/id/46689167/ns/us_news-christian_science_monitor/
One thing that's not made clear but hinted at is that the pipeline may help other oil from the midwest make it to the Gulf. Whether a new line is built or the capacity of existing infrastructure is increased the fact is, as Canadian and midwest production increases more of it will be moved to the world market. Midwest USA prices will increase but world market prices should be restrained by the increased supply.:huh:
 
AKBASSKING said:
Diesel hit $4.60 and unleaded at $4.39. Who knows at the marina, I am afraid to check. I bet it will cost me around $500 or more to fill. Just won't be boating this year. I was planning the San Juans but not now...........This really sucks to own a cruiser and can't afford to use it.
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You have to use your boat so just put in what you can afford and go shorter distances slower. The maintenance problems you will have from not using the boat could be more than the fuel you would have burned.
 
[h=2]Peter Schiff An expert on money, economic theory, and international investing says:

"Oil and gas prices are high now for a very simple reason: the U.S. Federal Reserve has gone on an unapologetic campaign to push up inflation and push down the value of the U.S. dollar. Just last week on CNBC James Bullard, the President of the Federal Reserve Bank of St. Louis, stated this unequivocally. What is somewhat overlooked is the degree to which an inflationary policy at home creates inflation abroad. Many countries who peg their currencies to the U.S. dollar need to follow suit with the Fed. As China, for example, prints yuan to keep it from appreciating against the dollar, prices rise in China. This is especially true for commodities like crude oil."[/h]

http://finance.townhall.com/columnists/peterschiff/2012/02/29/no_easy_fix_for_gas_prices/page/full/

Some of the comments were interesting although I have not checked them for validity:

"For Obama to deny drilling permits while dangling the prospect of algae fuel in front of consumers is like telling a starving man, “Don’t eat that hot dog, because it’s not good for you. Just be patient, and in a few years I can serve you a meal that is much better.”

"Actually, the price of gasoline has dropped when compared with the price of gold. In 1971, when gold was $35 per ounce, a barrel of oil cost about $3.56—or 0.1017 of an ounce of gold. Today, West Texas crude costs about 0.0602 of an ounce of gold—or only 82% of its average over the past 41+ years. In other words, if a consumer paid for his purchases with gold, rather than dollars, gasoline is actually cheaper in 2012 than it was in 1971.

It is not that gas costs more; it is that the U.S. dollar is worth less - because Bernanke keeps printing it."
 
$3.99.99 gallon today in Port Huron Michigan gas stations, hate to see what it will be at the marinas
 
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