Gas jumps 30 cents a gallon 2500 Miles away

I live in Northern California. I expected and predicted that gas would hike 40 to 50 cents this next month.

It was 297 or 299 at some stations and 282 at Costco last Saturday. Tonight, I noticed the local UnocalPhillips station was now at 325, 335 and 345 a gallon- up 25 cents in 36 hours. I guess if Norco and Baton Rouge don't flow East, then of course it would affect the San Francisco refining-----

I don't mind a hike, but this gas was in the tanks in the ground, and our gas is all refined in California by law. C'mon big oil companies, hike it as you replace it, don't openly abuse us!

Sorry to vent. Still makes me mad to see greed rampant.

 

Yeah, ours went from $2.65 this morning to $2.99 this evening.

 

We get so little oil from the middle east?
Why the high prices?......can you say rip-off.
I live in SoCal....I can drive 30 miles and see 30 to 40 cents a gallon difference.

Some reading on the whole oil gas scam

be sure to guess which one we import the most from (hint none!)
http://www.gravmag.com/oil.html

http://www.eia.doe.gov/emeu/cabs/usa.html#oil
Petroleum Imports/Exports
The United States averaged total net oil (crude and products) imports of an estimated 11.8 million bbl/d during January-October 2004, representing around 58% of total U.S. oil demand. Crude oil imports from Persian Gulf sources averaged 2.4 million bbl/d during that period. Overall, the top suppliers of crude oil to the United States during January-October 2004 were Canada (1.6 million bbl/d), Mexico (1.6 million bbl/d), Saudi Arabia (1.5 million bbl/d), Venezuela (1.3 million bbl/d), and Nigeria (1.1 million bbl/d).

Looking for another link.....who's the 3rd largest oil producer?
USA....."United States had 21.9 billion barrels of proved oil reserves as of
January 1, 2005"
US Production capacity, about 8 million barrels per day, is accomplished with about 533,000 oil wells, averaging less than 17 barrels per well per day. Saudi capacity, similar at about 8-9 million barrels per day, is from 750 wells
In 1996, the USA was the world's leading producer, with about 7.5 million barrels per day

And opec having problems? We shouldn't even see the change or have one!

But we pay so they stick US

 

Over here in NY, the gas has been at a steady 2.79 per gallon for the past month (at least).(regular).
I went and got gas today cause there's talk it will go up a dollar (holy geez) by Labor day weekend!
We'll just have to wait and see.....

 

Here in UK, it's only a matter of time before petrol hits the £1 per gallon mark http://forums.majorgeeks.com/images/smilies/eek.gif

 

Gas was $2.65 on Friday, $2.85 on Monday, $3.05 today; 40 cent increase in less then a week. Ouch.

 

it's such a scam. Anyone have any idea how much the price per barrel would have to jump in order to warrant jumps of 7 or even 10 cents over night much less 20 cents? We're being played like a cheap fiddle.

 

WRONG we don't import as much oil to warrant that logic.

We import unleaded refined gasoline. 11 percent of which was offloaded at the Louisiana Oil Offshore Port. Also we refine about 20 percent of the oil in these areas. I lived in Houma, LA and remember Texaco had a 36 inch pipeline from Baton Rouge to Washington. That now supplies jet fuel, and it is not flowing.

What we are seeing is price hikes before there are shortages though. California has plenty of gas this week. Now New York state may have some shortages already.

What I am saying is if they hike the price, hike it next week, not now and not so far away.

 

You mean per liter, right????? .....or prices have come down drastically since I was last there

Well I tanked up yesterday at $2.65 as they are predicting a 30c rise by the end of the week. I haven;t been out yet to se what's happening. Have a long drive tomorrow

 

I agree. This is nothing but crap.

 

For the record, 25% of the US oil and gas capacity is out of commission at the moment.

http://www.theherald.co.uk/news/45974.html

A large chunk of the US oil refineries that make gasoline from crude oil were also knocked out.

http://www.forbes.com/technology/feeds/ap/2005/08/31/ap2198623.html

Not defending so much as just trying to get the facts straight.

Bottom line is that even with the strategic oil reserves being released, our refining capacity is significantly impaired indefinitely, and we'll be seeing prices soar all over the country for a while.

 

"United States had 21.9 billion barrels of proved oil reserves as of
January 1, 2005".....proved mean they have more.....right?
Anyway it's a scam......just sticking us because they can!



Anyway find some cheap prices here
http://www.gasbuddy.com/

 

From the Department of Energy:

http://www.eia.doe.gov/emeu/iea/glossary.html#P

In other words, reserves that we know exist, are reachable, and won't cost more than they're worth to reach. Note that "reserves" in this statement implies buried miles under the ground and in need of drilling/extraction, not that it's sitting in some warehouse somewhere waiting for the optimal time to bring it out in order to get the best possible profit from it.

 

I didn't think it was in a warehouse somewhere LOL where are you from .....bottom line we have that much.....and if they admit to that.....we have much more.

Like I said big F'ing scam.

 

It still needs to be refined, and since our refineries were hit hard, that's going to be a huge challenge.

Unless, of course, you know a method of which I am unaware that allows vehicles to run crude oil rather than gasoline?

 

I'm from Louisiana, although I do not currently live there.

And yes, crude oil needs to be extracted and refined. It's not a matter of setting up something overnight to put a rig in and drill the miles and miles through the earth's crust to get to the oil to extract it, nor is it that quick to transport it from there to refineries and refine it.

FYI, though, I just heard the head of the EPA announce that they're putting a temporary moratorium on the environmental standards placed on gasoline to allow the refineries that are working to refine crude oil faster and produce gasoline faster in order to alleviate the financial burden the country will face from this.

 

as much as i hate defending "big oil" it isnt really a case of gouging as it is supply or projected lack of supply. for the immediate future its not the cost of crude by rather the shortage of capacity to refine.

the wholesale price of gas rose yesterday about 40cents a gallon to about $2.50/gallon. that translates to about $3.10/gallon pump price.

now even though the gas in the tanks at your local station are already paid for. if the local station doesnt raise prices now he may not be able to afford to buy his next load of gas.

before you yell "but what about the BIG companies". well, if they cant refine their own then they will have to buy on the spot market just like the independants.

the profit margin for retailers is very low around 10cents a gallon on average. then take from that about 7.5cents/gallon (based on pump price of $2.50/gal) if the customer pays with a credit card and your local station wether an independant or large chain isnt making much.

as i have said before, prices will continue to rise untill demand goes down significantly. add to that a major disaster and $4.00 a gallon may not be far off.

 

It's not the oil supply, it's the refinery supply. They are running at 98% capacity, so if any refinery goes down, it makes a serious cut in gas and other refined petroleum products. Don't hold your breath waiting for oil companies to build more, either.

 

actually the oil companies have wanted to build more. they have been stopped time and again by communities who all say "not in my back yard you dont". this happened in the Phoenix area about 10 years or so ago. and it has happend elsewhere in the country as well.

 

Yeh sorry meant litre lol.

 

Supply and Demand!!!! And unfortunately...our society doesn't allow very much leway for the demand to go down!! However I do agree that some people could drive a not so beast of a car!!!! As long as we buy it...they will continue to do what they are doing now!!

Unfortunately this all affects those hardest that aren't making hundreds of thousands of dollars a year...and most of their check goes to buying gas so they can get to work so they can buy gas to get to work!!!! There are ALOt of people on minimum wage out there, that are getting hit the hardest!!!!

If something doesn't give soon then I have a strong suspicion that the US atleast will go into a pretty strong recession!!!!

Roger

 

i just came from town alittle while ago and there were lines as far as a mile for the pumps and the price was $2.99

 

the good news is... at some point prices will go down. (how much is anyones guess)

bad news is... how high will they have to go before it happens.

demand is the only thing that will have any lasting effect on prices of gas. it will happen in one of two ways.

1) voluntary... meaning, we the people CHOOSE to cut back our consumption.

2) involuntary... when prices get so high that most of us HAVE to cut back.

 

What they will do...drive the prices sooooo high that when it does go back down to...(for the sake of argument) 3.00...everyone will be sooo happy that they are catching a break!!! And nobody will bitch about the fact that it is indeed still 3.00 dollars!!!!

Around the corner from my house (Citgo) 3.05...2 miles down the road (BPAmoco) 2.95...they are always about 10 cents cheaper than anyone else!!

Roger

 

That's what they always do.....while nobody is looking sneaky little !@#@#@

remember when it broke $1.00 then $2.00...
..way up then it drop 25 to 50 cents...and GP is happy back to beer and TV.

 

On my way home from work tonight it was 3.25 (actually 3.24 and 9/10ths) per gallon. Way up here in far nothern California ( a couple hours drive from Oregon and about 7 hour drive South to San Francisco)

 

The rumour here in Southeast BC is an increase of thirty cents per litre overnight. That's an increase of $1.35 per imperial gallon. It will cost me $100.00 a week to commute.

 

Just got this tonight from a friend in Atlanta tonight
:
"2 of the largest pipelines on the east coast are Colonial and Plantation; one of their major terminuses is in Atlanta, more specifically Doraville. The facilities have approximately 10 days storage, and the pipelines have gone dry 2 days ago!

Fights broke out here and gas went from $2.59 to $5.50

You bet-ca-YA!

What a holiday. Problem maybe 2 weeks tops?"

So who is going to be driving anywhere this Labor Day weekend???

 

I think we should all help out.

Take 4 days this month and go no where.....buy no gas.
Those poor oil companies need a break.

All at the same time and see if they find a cheap way to get us the gas?

 

Here is an idea ..... HEMP!!! I've been saying this for years. Hemp is a proven alternative fuel source. Burns cleaner than gas too.

In one place gas is $1.60 per litre or $6.05 per U.S. gallon. Three miles west of me it's $1.10 per litre ($4.16 per U.S. gallon) and two miles east it's $1.25 per litre ($4.73 per U.S. gallon).

 

That's all well and good, but...odds are...everyone who participates in that theory will go fill up the day before so they can make throught the 4 days, so they will have a surge of sales that will make up for those not buying gas in those 4 days!!

Unfortunately...this society doesn't allow for much play in what we can and can't do as far as driving!! You've still got to go to work, and take the kids to school or sports practice, or go to the doctor, go pick up some groceries, etc., etc., etc.!!!!

Roger

 

I think this is the first time in years I'm actually glad I take public transportation to work.

Car's dead as a doornail anyway.

I anticipate this being a longer problem rather than a shorter one. It might not be on par with 1978, but I wouldn't be surprised. All it would take is one terrorist bomb on the right pipeline in Saudi Arabia and we'd be seeing $5/gallon become normal for a long time.

 

How bout this one ---My local hell station shot up 25 cents over night, surely this cannot be due to Katrina or the war. I live in no CA so I am used to be screwed for gas how about 3.05 per gallon(super-self)3 weeks before katrina. This is just outright greed!(ahh democracy)

I sold my car, bought a nice vespa, and now i get about 50-100mpg so go ahead raise it I'll just giggle as i fly by you in the diamond lane---weeeeeeeee

 

Unfortunately, those of us unlucky enough to have public trans systems from the stone age can't rely on them.

 

I do that quite regularly now already. It's often 10-12 days between trips to the gas station, usually longer, now that I'm not working.

 

Well gas hasn't gone up yet, so hopefully it's just a
rumour.

 

When your refineries are looking like this, there's not much good to be found in providing more crude oil. This would be the Chevron refinery in Pascagoula, MS.

 

Gas jumped up .50 Cents since yesterday, Regular now costs $3.29 pr gallon at the Sunoco I go to, Getty is up to $3.39!

 

we had to take a taxi today to the doc's and the lady that was driving told us that just today she put $65 in her car thank god we do not have to pay the fair. medacade (think thats spelled right sorry abby if its not hahaha) pays for it i am going to fill up my car tommorrow and that will just have to hold me over for 2 or 3 weeks thank god i only go to town for food or smokes. that would be a 20mile trip going and comming

 

Star, is that 135 miles?

 

Over a one dollar increase overnight makes owning a horse or bicycle viable options. It has since climbed even higher.

I wonder how cheap the price of the large SUVs will get and how quickly.

 

Holy Cow Star!!!! That's alot of your day gone driving to work and back!!!!

Gotta ask...why so far??? I'm guessing you are trying to stay away from the tourist areas??

BTW...some of my family is coming down there from the 24th to the 1st...anything exciting happening at camp while they are there??

Roger