Dismiss Notice

Welcome To CK5!

Registering is free and easy! Hope to see you on the forums soon.

Score a FREE t-shirt and membership sticker when you sign up for a Premium Membership and choose the recurring plan.

Gas price gouging

Discussion in 'The Lounge' started by 76zimmer, May 4, 2007.

  1. 76zimmer

    76zimmer Flyin Rat Premium Member GMOTM Winner

    Joined:
    Nov 14, 2005
    Posts:
    23,033
    Likes Received:
    1,347
    Location:
    Kzoo, Mi
    Here we go for the run this summer. 3.25 regular yesterday. I'll bet it gets close to 4.00 this summer. Oil companies are theiving bastages. Record profits for 7 years now.
     
  2. Storm Trooper

    Storm Trooper 1/2 ton status GMOTM Winner

    Joined:
    Nov 24, 2000
    Posts:
    4,640
    Likes Received:
    1
    Location:
    Dillon Colorado, Hang'in in the mountains. Renting
    It's just like doctors, when you need them what choice do you have? :dunno:
    I had to get my knee checked out last month and although the doc takes
    care of the Rockies & Broncos, it was still $300 for a office visit.
    What are you going to do? We're over $3.00 a gal. too.
     
  3. Xtremegmc80

    Xtremegmc80 1/2 ton status Premium Member

    Joined:
    Mar 19, 2007
    Posts:
    1,976
    Likes Received:
    14
    Location:
    NE PA
    yesterday when i put 10 in my truck i only got like 3.3 gallons. its 3.08 for special (89) here
     
  4. grimjaw

    grimjaw 1/2 ton status

    Joined:
    Jun 19, 2004
    Posts:
    944
    Likes Received:
    0
    Location:
    Seymour, TN
    Again...With Crude oil costing close to $70 a barrel, gas is going to be high. The commodities markets are where the price is set. The oil companies profit is a precentage of the sal price. So if something sells for 1.00 and you make 5% profit, you get a nickle. Now if the same thing sells for $3 and you still only make 5%, you get 15 cents. Oil companies profits margins are flat(-ish).

    Hopefully this will force the US to get in to cellulose ethanol in a big way. The Synthetic Fuels Corporation created by President Crater was a step in the right direction. Its a shame it was killed by cheap gas in the 80s.
     
  5. Jagged

    Jagged 1 ton status

    Joined:
    Apr 25, 2005
    Posts:
    11,460
    Likes Received:
    1
    Location:
    SWVA
    Oil futures are at $50-60 a barrel for July.
     
  6. Xtremegmc80

    Xtremegmc80 1/2 ton status Premium Member

    Joined:
    Mar 19, 2007
    Posts:
    1,976
    Likes Received:
    14
    Location:
    NE PA
    so if its 50 to 60 a barrel.. how much money is it normally? AND is it supposed to go down or more up??
     
  7. kgillyk5

    kgillyk5 1/2 ton status

    Joined:
    May 29, 2003
    Posts:
    1,830
    Likes Received:
    0
    Location:
    Fultonville, NY USA
    I'm looking at a 90' yota celica today at lunce time to replace my wifes 2000 Heep Grand Cherokee Laredo...I can't take this Shiat anymore.:doah:
     
  8. newyorkin

    newyorkin 1 ton status

    Joined:
    May 8, 2001
    Posts:
    16,555
    Likes Received:
    157
    Location:
    Los Estados Unitos
    I've been thinking about getting an old geo or saturn, or a TDI if I can find one without needing a loan. Crappy weather days when I need to take my truck to work cost a bit of cash now. My job pays for most of my gas, but I still go through over $400 a month in fuel when I take the truck.

    I'm all for ethanol, but I was reading my bike manual yesterday, and it specifically says not to use ethanol unless it has all sorts of other chemicals in it. :(
     
  9. colbystephens

    colbystephens 1 ton status GMOTM Winner

    Joined:
    Feb 24, 2005
    Posts:
    10,924
    Likes Received:
    20
    Location:
    Oregon
    gas is 3.30 here... but my diesel is still shy of $3/gal! :D
     
  10. newyorkin

    newyorkin 1 ton status

    Joined:
    May 8, 2001
    Posts:
    16,555
    Likes Received:
    157
    Location:
    Los Estados Unitos
    Can't you pour veggie oil into half your deisel, too?
     
  11. Xtremegmc80

    Xtremegmc80 1/2 ton status Premium Member

    Joined:
    Mar 19, 2007
    Posts:
    1,976
    Likes Received:
    14
    Location:
    NE PA
    my truck uses 100 dollars per day of gas since i work 200 miles away. so i use the saturn or 03 silverado.. my advice to you, dont buy a saturn! i got one. and shes going bye bye before end of may.. still on loan. but its abt to die.. 2001 with only 64 thousand miles.. i take good care of her.. and evene the saturn factory dont know whats wrong with her.. so i google search. alot of saturn engine blows up between 70 to 80 k miles.. so shes going! and average 28 mpg highway.. l series 4 cylinder. sucks! my silverado average 22 on highways.. and its a v8!..
     
  12. barneybasher1010

    barneybasher1010 1/2 ton status

    Joined:
    Sep 25, 2005
    Posts:
    908
    Likes Received:
    0
    Location:
    PORTERVILLE CA
    $3.49 here in Porterville CA:(
     
  13. Jagged

    Jagged 1 ton status

    Joined:
    Apr 25, 2005
    Posts:
    11,460
    Likes Received:
    1
    Location:
    SWVA
    Ethanol is good :) A good portion of one of my brokerage accounts is in ethanol.
     
  14. newyorkin

    newyorkin 1 ton status

    Joined:
    May 8, 2001
    Posts:
    16,555
    Likes Received:
    157
    Location:
    Los Estados Unitos
    Whoa, thanks for the advice... I guess I will stay away from teh saturnz.
     
  15. newyorkin

    newyorkin 1 ton status

    Joined:
    May 8, 2001
    Posts:
    16,555
    Likes Received:
    157
    Location:
    Los Estados Unitos
    @#*%$& is all I have to say about that. I had to sell my ethanol holdings. A few weeks later they doubled. I made a tiny profit, but if I left it alone, I'd still be sitting on it...
     
  16. Cricket

    Cricket 3/4 ton status

    Joined:
    Nov 29, 2004
    Posts:
    8,224
    Likes Received:
    0
    Location:
    Colorado
    Bike riding, lots and lots of bike riding. :D
     
  17. Jagged

    Jagged 1 ton status

    Joined:
    Apr 25, 2005
    Posts:
    11,460
    Likes Received:
    1
    Location:
    SWVA
    It's pretty silly not to hold ethanol stocks. Federal gov't mandated doubling of ethanol production by 2010-2012 (I forget the exact date).

    Doubled production means double sales, which in turn could mean doubled profits... more profits are good :) I don't have that much cash in ethanol right now, but I don't have much cash in the market, either.

    My two ethanol companies are GFET and PEIX. I would love to have some significant ADM stock, but I don't have the funds for it. It looks like they've got their head on straight.
     
  18. grimjaw

    grimjaw 1/2 ton status

    Joined:
    Jun 19, 2004
    Posts:
    944
    Likes Received:
    0
    Location:
    Seymour, TN
    Based on a survey of 86,000 farmers earlier this month, the Agriculture Department projected corn (maize) plantings of 90.454 million acres, which would be the largest acreage since 1944. With normal weather and yields, the harvest would be 12.5 billion bushels--700 million bushels more than the record set in 2004.


    Its good to see farming making money.
     
  19. Jagged

    Jagged 1 ton status

    Joined:
    Apr 25, 2005
    Posts:
    11,460
    Likes Received:
    1
    Location:
    SWVA
    Yep, if I could invest in corn, and not deal with futures, that's where I'd be putting some money :) So I get the next best thing, ethanol production and logistics.
     
  20. fourwheelerjeff

    fourwheelerjeff 1/2 ton status Staff Member Moderator

    Joined:
    Nov 16, 2001
    Posts:
    3,419
    Likes Received:
    6
    Location:
    meadow, tx; in the boonies
    i have 3 saturns, all the sl-2 series, the 94 has over 250,000 miles on it, the 2000 has 105000 and the 2001 has 107000 on it. no engine problems with any of them. my mileage is over 30 on any of them.
     

Share This Page