Damn! Look at the price of gas!!!

[Times Roman]

$2.85/gallon

Nothing better than kicking OPEC right in the nuts!

[DCI]

I hate ye ha if you compare what we are paying for fuel over here you'd fall over with the shock haha

[marcus300]

Lucky bastard, I bet your laughing over in the States at those prices.

[clarky.]

fuvk it's £1.26 litre here the now was higher a month or so back £1.40's so that makes it £5.67 a gallon so not much to moan about TR.
We always get fvcking humped in the UK fvcking goverment wanks they live for free them cvnts everything is put on expenses cvnts sorry can't help rant at goverment.

[DCI]

Same here clarky but at least ye have proper fuel in uk over its just 95 octane crap on pump

[derekkpapa1]

Paid $2.71 here in Rhode Island yesterday.
I thing I can afford a gas guzzler agian.

[marcus300]

fuvk it's £1.26 litre here the now was higher a month or so back £1.40's so that makes it £5.67 a gallon so not much to moan about TR.
We always get fvcking humped in the UK fvcking goverment wanks they live for free them cvnts everything is put on expenses cvnts sorry can't help rant at goverment.

That's roughly $8.89 a gallon wooow

[Hazard]

That's roughly $8.89 a gallon wooow

Holy shit..... If it hit $8/gal over here everyone would own a hybrid and driving would cut down. Except the wealthy..... They'd drive expeditions and denali's just to rub it in

[lovbyts]

Holy shit..... If it hit $8/gal over here everyone would own a hybrid and driving would cut down. Except the wealthy..... They'd drive expeditions and denali's just to rub it in

Thats not true. The Denali just drives very nice. Not trying to make anyone feel inferior.

[< <Samson> >]

Cheapest over hur is 2.55

But, I still can't afford to drive my STS

I just put around in my 4 banger that gets more than 2x the mpg on regi gas

[Times Roman]

kills the electric car industry.

I suspect that once Canada goes into full production , prices will fall again

[Iceberg]

Cheapest over hur is 2.55 But, I still can't afford to drive my STS I just put around in my 4 banger that gets more than 2x the mpg on regi gas

wtf I just filled up 2nd time this week. So far 190.00 in gas this week.

[Times Roman]

2.79/gall and falling......................

............thank you Canada!

(Fvck you OPEC)

[jesse4466]

I filled up my suv for $53 instead of $75.. Liking it

[thegame1431]

it is 2.59 by me, and a few weeks ago it was 2.51

[Sfla80]

Still in the 290s here.....closet station to me if u don't pay with cash is still 305

[hawk14dl]

I'm fairly certain it's 2.39 here.

I say that, because I drive a diesel do i don't pay great attention to gas. I pay 3.49 a gallon

[Times Roman]

my buddy says in texas it's in the low $2.20's or something like that per gallon

[hawk14dl]

I'm just north of there in Oklahoma. So 2.39 is probably accurate

[Sfla80]

Damn is Florida the most expensive???

Anyone from NY or LA??

[derekkpapa1]

Providence RI/ Boston MA seen $2.68 today

[Iceberg]

2.81 Philadelphia

[Kozmo]

Austin texas-2.51 at randalls with cash.

[Shol'va]

It's now down to 2.36 in the burbs of Kansas City Missouri. Word on Fox News Yeah i know Fair And Balanced And all that BS but anyways they were saying that it will go down further one because of the flood of American Shale Oil on the market and the slowing of usage of oil world wide and Saudia Arabia being quoted as not caring if it falls quite a bit more due to they are sworn enemies of both Iran and Russia and both those countries need the high price of oil to keep afloat with both their economies and to be able to afford to keep the wars going in Assads Syria against the West and Saudia Arabia. So if the price of oil goes to half of what it now is then it will hurt both Russia And Irans war effort against the US and the Sauds. Basically we are in another cold war kind of like we were in Vietnam where the US was on one side and Russia and China on the other. Man some things never change....

[optionsdude]

This is a supply and demand issue and could actually be a bad thing. In case you haven't noticed the price of drilling and fracking related stocks went down faster than gas, especially anything to do with fracking. It costs more to extract oil fracking than it does drilling and refining oil from the Canadian tar sands is even more expensive to refine. If opec doesn't cut production and the supply build up continues to increase fracking fields will slow on exploration or stop all together. This will be good for the economy at first but horrible if oil gets much lower. Fracking companies have long term debt from the price of exploration and land acquisitions if they start to default it could be bad. They were all banking on selling oil for 85-100 per barrel once the price point gets too low production will dip and then they really won't make enough money to service the debt. Not to mention the money being made by the oil field workers being suddenly taken out of the economy. This ties in with what Shol'va mentioned about the conflict between the Saudis and Iran and Russia. The Saudis could screw us as well on this. As for diesel we probably won't get much relief due to an increase in the transportation industry and the fact that diesel is tied to home heating oil which is in high demand on the east coast right now.

[hawk14dl]

Only thing I have to say about your post. .

You say the money from oil field workers being taken out of the economy?
Damn.. The hotels, strippers, liquor stores, and drug dealers won't know what to do with them selves

[optionsdude]

LOL! Nice hawk,but it all makes the big wheel go around. Todays oil price tells the story it dropped over $6 per barrel,and in tandem most of the fracking companies were down from 5%-25%. I just wished the price at the pump fell as fast.

[hawk14dl]

That's true. The strippers do buy groceries with that money.

Lol, don't mind me. I'm full of stereotypes

[Rwy]

over $3 with a credit/debit card in NYC

Filled up in NJ for $2.62 at a no name gas station


Eventually the prices are going to come back from what oil is getting slammed at as of today per barrel. I bought some stock in a Texas oil company today. Price to low. Gong to sit on it now.

[Hoggage_54]

Not good for Canada if this keeps up long term. Unfortunately we are stuck with a sell-out Conservative Corporate-Welfare government who has invested billions into the tar sands and not diversified the economy. It costs 10 times as much to refine oil in Alberta than in Saudi Arabia because of how dirty the oil is in Alberta. The Saudi's could bury the tar sands overnight if they wanted to by pumping up production. With Canada bombing the Saudi-backed ISIS, which is made up of Sunni's, who knows what Saudi Arabia will do next.

[Times Roman]

This is a supply and demand issue and could actually be a bad thing. In case you haven't noticed the price of drilling and fracking related stocks went down faster than gas, especially anything to do with fracking. It costs more to extract oil fracking than it does drilling and refining oil from the Canadian tar sands is even more expensive to refine. If opec doesn't cut production and the supply build up continues to increase fracking fields will slow on exploration or stop all together. This will be good for the economy at first but horrible if oil gets much lower. Fracking companies have long term debt from the price of exploration and land acquisitions if they start to default it could be bad. They were all banking on selling oil for 85-100 per barrel once the price point gets too low production will dip and then they really won't make enough money to service the debt. Not to mention the money being made by the oil field workers being suddenly taken out of the economy. This ties in with what Shol'va mentioned about the conflict between the Saudis and Iran and Russia. The Saudis could screw us as well on this. As for diesel we probably won't get much relief due to an increase in the transportation industry and the fact that diesel is tied to home heating oil which is in high demand on the east coast right now.

the cost of crude is only a portion of the price per gallon of gasoline

suppose crude is $105 per barrel and gas is $4/gallon. this means the cost of crude can only explain $2.50 of the $4, or 62.5% of the price per gallon in this scenario. There are both variable and fixed costs associated with gasoline. Taxes for example, are so many dollars $$ per gallon, so they do not vary as the price of gasoline varies, such as in a sales tax.

It's interesting to see prices spike in a region even though crude prices are stable. This is attributable to supply shortages at the refinery level. Sometimes, a single refinery can supply a whole state, so when that happens, it can cause a problem at the pump. Each state sets it's own regulatory standards, so one refinery from another state quite often cannot step up on behalf of another refinery when that refinery is not producing at an optimal level due to maintenance or worse.

Now, I thought the fracking companies were wholly owned by the larger oil companies? and if that is the case, which I suspect it is, then they are designed to be the weak link in the liability chain to protect the parent. Sometimes, you have to let the economy run it's course. If the fracking company fails, it's assets will be sold and another will pick up production later on. if the price of crude never rises back to previous levels, which I doubt, there are many economies that will fail. Russia and Opec for two.

But this is yet another example of why we need to get off crude. Renewable energy is the way to go, and we need to develop that to the fullest extent possible.

[Flatus78]

Yesterday I payed 8 USD per gallon for 95 octane gas, and we actually produce/export oil!

[Times Roman]

Yesterday I payed 8 USD per gallon for 95 octane gas, and we actually produce/export oil!

the ONLY reason your car would need 95 octane gas is if it had a compression ratio that was altered from original spec. 95 is low grade race gas, and there aint much of it, so you pay what you pay.......

[DCI]

We have 97 octane on the pumps everywere here and the uk have 100 to 103 octane too ha

[Times Roman]

We have 97 octane on the pumps everywere here and the uk have 100 to 103 octane too ha

no shit? my apologies

I was thinking you were stateside where "premium" is 91 octane and regular is 87

[lovbyts]

We have 97 octane on the pumps everywere here and the uk have 100 to 103 octane too ha

What they sell at our pumps isn't even real gas anymore. Its at least 10% ethanol. Cars run worse. Get worse gas mileage. Harder on the engines.

[DCI]

Same over here with the ethanol but the fuel is good over here thankfully.

At tr no offence at all was just saying what fuel we have over here

[Times Roman]

What they sell at our pumps isn't even real gas anymore. Its at least 10% ethanol. Cars run worse. Get worse gas mileage. Harder on the engines.

ever notice that the price of food has skyrocketed ever since they've been adding/increasing the use of ethanol? the amount of biomass to make ethanol is staggering, when you compare the amount of food it could have produced. I heard that to fill up an SUV with pure ethanol, the amount of food it could have made instead could have fed a family of four for a year.....
....just something I heard.

[lovbyts]

I wouldn't doubt it one bit. Anything the government gets involved in is a complete failure and cost ten times what it should. When it fails the government's solution is to throw more money at it or should I say throw more of our money at it.

[hawk14dl]

Tr, I may be mistaken but I believe the formula to compute octane reading may be different overseas. What you say about compression is correct, barring one exemption. Turbos.

European cars typically lean toward turbocharged engines. They love higher octane fuel, in fact they require (stateside) 91 octane minimum.

Around here, you can find 100% gas still. It's .20-.30 higher then e10.

There's also a station close to be that sells 101 octane at the pump. I used to fill up with it on the weekends in my camaro, on the way to the nitrous filing station.