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NEVERENDING ♾️ The NEVERENDING Gas Price Thread

A week ago I posted $1.86 - now this Wednesday I filled up for $1.63 - another 23 cents drop in a week.

Two months ago I filled up my Sport Trac for $88 and this morningn $29.

I guess I just don't understand fuel economics. Did Exxon and the boys decide that profitting $12billion a quarter was wrong?




Baby seat time: Ms. P drives an 1997 Honda Accord and it gets 32 mpg highway and we have had 2 baby seats in the back on a coulple occassions (when we took a friend's child with us) and had no problems with space...same with my Sport Trac (21 mpg highway). I guess my point is that two baby seats will fit fine in any car with a backseat, but make sure you have four doors (and a not a two door). That's what makes the difference for getting them in and out!
 
This morning fill up - $1.49


SAC - Since you predicted the that gas would be below $2.00, what's your prediction for gas under a buck???
 
That gas selling for $4 +/gallon was certainly of a higher and better quality than this cheap stuff.
 
According to my calculations, this is the cheapest gasoline in recorded history!*

Gasoline-Usage-2007.jpg
 
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I paid $1.599 on the way home today.

[ot]Yes, I'm home. Took the 4 hours off this afternoon that I was awarded for donating blood.[/ot]
 
I paid $1.53 day before yesterday. Saw a couple $1.49s today.
 
Up 30-Cents A Gallon !!!

The other day petrol was in the mid-$1.40 range in the Toledo metro. On Friday it jumped about 30-cents a gallon. I have no idea why.

And my big truck needs a fill.

:(

Bear
 
The lowest it got for me was $1.41 at a Sam's Club in Grand Rapids. Cheapest I've seen it lately is $1.86 I think.
 
BUMP - Memorial Day is fast approaching (this weekend folks) and gas prices have risen as the weekend draws near.


In the last 4 weeks the price at my normal stop has gone:
1.83
1.94
2.24
2.33
 
What I have paid on
June 2 - 2.589
June 13 - 2.759
June 26 - 2.649
July 7 - 2.459
 
last week - $2.59 (getting ready for the holiday weekend)
this week - $2.35 (holiday is over)
 
Demand is starting to increase and the dollar is fluctuating. If these trends continue, we will see $3 a gallon in the near future. On the plus side, we will have more folks working and paying into the gas tax coffers which have been really low.

FTA and most state governments relies on the gas tax to pay for transit improvements. This needs to be adressed sooner than later. The plug in Volt and Prius are now just around the corner (2010 models) and will be a game changer.
 
Jumped 13 cents this week ($2.48 to $2.61) - guess they had to get the average up for the year & decade
 
We jumped from $2.68 to $2.99 yesterday. Just when we bought a new car with a huge gas tank...:r::not:
 
We're hovering between $2.65 & $2.77 in the area. I guess I should fill-er-up today if you saw prices jump hink. Guess they gas/oil companies are getting ready for the winter fuel season.
 
We're hovering between $2.65 & $2.77 in the area. I guess I should fill-er-up today if you saw prices jump hink. Guess they gas/oil companies are getting ready for the winter fuel season.
Crude oil prices are spiking due to the Fed's announcement a few days ago that they're 'printing' all of that new money (AKA: 'inflating the dollar') to cover the federal government's debts.

:not:

:-@

Anyways, Hink, I thought that you'd be spinning cartwheels of JOY over that price spike....

Mike
 
Crude oil prices are spiking due to the Fed's announcement a few days ago that they're 'printing' all of that new money (AKA: 'inflating the dollar') to cover the federal government's debts.

:not:

:-@

Anyways, Hink, I thought that you'd be spinning cartwheels of JOY over that price spike....

Mike

Why? (rest of my letter limit...)
 
Why? (rest of my letter limit...)
Ahhh, because many on the left are championing political and other causes that will drive up fuel prices as much as possible in order to drive (force?) the unwashed masses into more earth-friendly non-automotive forms of transport and into more 'sustainable' places to live.

That's why.

Mike
 
Ahhh, because many on the left are championing political and other causes that will drive up fuel prices as much as possible in order to drive (force?) the unwashed masses into more earth-friendly non-automotive forms of transport and into more 'sustainable' places to live.

That's why.

Mike

So you're making sweeping generalizations again? Doesn't surprise me.
 
Ahhh, because many on the left are championing political and other causes that will drive up fuel prices as much as possible in order to drive (force?) the unwashed masses into more earth-friendly non-automotive forms of transport and into more 'sustainable' places to live.

That's why.

Mike

When was I ever a member of the left? Hmm. I am pretty sure that in another thread I stated that I like the concept of electric cars, but I don't believe they are viable. I do like the concept though of higher taxes on automobiles. Shouldn't we be letting the market control this, instead of subsidizing only automobile transportation? People should pay the true price of driving cars. We subsidize roads so much, at a certain price point we will realize that investing in alternate transportation is probably a good idea. Currently we have people who don't understand this, and claim that alternate forms are bad because they can't cover costs. Roads don't do this either.

I know this all too well, as our governor-elect has chosen to nix our only passenger rail opportunity in the last 10 years because it won't pay for itself... and roads pay for themselves how? Gas tax?

I guess if me believing that infrastructure should be evenly funded through our taxpayer subsidies makes me a left, in this case I am. But honestly, I think that is more of a republican concept. It is sad though that I have to be labeled into a party when I surely am not a supporter of either.
 
Maybe I did come down a bit heavy with my statement.

OTOH, I have seen lefties (and I never equated 'lefty' with any political party, as 'right' and 'left' don't often mesh completely with either and many in one harbor views on individual topics that might mesh better with the other) who are all gung-ho about the idea of draconian increases in fuel taxes and so forth, not to finance major road upgrades but to affect personal economic behavior by making it more expensive to drive, get all huffy and puffy when the prices that they themselves pay for fuel start going up. Almost a 'do as I say and not as I do' sort of thing.

Let's carry on.

[ot]An aside, I would not mind finding a way to put North America's rails (both freight and passenger) on a more equal competitive footing with the other modes (ie, trucks, buses, airlines/civil aviation, ships, etc) by putting them on a more equal operational footing with those other modes - this by converting the track infrastructure to 'open access', where anyone can operate anywhere provided that 1) their operating personnel are properly trained, qualified and licensed, 2) their equipment meets minimum technical standards and 3) they are willing and able to pay the necessary fees and tolls. If a way could be found to do that, I can easily see a massive increase in rail traffic here as new competitors (both freight and passenger) enter the market - and thus getting a similar amount of that traffic off of the highways, airways, etc. For example, rail-freight traffic in Germany has exploded in the years since Deutsche Bahn's track infrastructure went 'open access' in about 2002.[/ot]
Mike
 
[ot]An aside, I would not mind finding a way to put North America's rails (both freight and passenger) on a more equal competitive footing with the other modes (ie, trucks, buses, airlines/civil aviation, ships, etc) by putting them on a more equal operational footing with those other modes - this by converting the track infrastructure to 'open access', where anyone can operate anywhere provided that 1) their operating personnel are properly trained, qualified and licensed, 2) their equipment meets minimum technical standards and 3) they are willing and able to pay the necessary fees and tolls. If a way could be found to do that, I can easily see a massive increase in rail traffic here as new competitors (both freight and passenger) enter the market - and thus getting a similar amount of that traffic off of the highways, airways, etc. For example, rail-freight traffic in Germany has exploded in the years since Deutsche Bahn's track infrastructure went 'open access' in about 2002.[/ot]
Mike

Would this require some type of government intervention? Not trying to be an ass, just honestly curious?
 
Would this require some type of government intervention? Not trying to be an ass, just honestly curious?
That is actually a very good question. It almost certainly would and that is why I consider it unlikely to happen in the foreseeable future, short of a true upheaval in the transport industry. The fact that most of the railroad operating companies in North America own their own track infrastructure and zealously guard their routes against intrusion from competitors makes anything like that difficult unless the companies completely bug out of various local areas.

That said, a significant amount of the track ROW in Wisconsin is now owned by the State of Wisconsin's government - all of it is track that was abandoned and sold off by their various private operating companies. Which lines are they? The public trails and most of the trackage now operated by Wisconsin Southern (WSOR), along with a couple of smaller shortlines (they all operate the track under contract from the state).

Why am I pondering this? The base railroad track infrastructure is of vital importance to the economic health of Canada, the USA and their localities, far, far transcending the importance of their individual operating companies. Over the years, I have seen way too many locally and regionally important rail lines being abandoned, not due to any lack of economic reasons for their existence, but simply for the short-term gain of preventing fierce rivals from using them to improve their situations - essentially a real-life Rail Baron game. 'Open access' would eliminate that.

There is also the ongoing problem of various potential customers wanting to use rail, but not being able to because for whatever reason, the railroad companies are not interested. For example, during the late 1980s and throughout the 1990s, Wisconsin Central ran a daily intermodal train between Chicago and Green Bay - it was highly popular with local and regional trucking companies and those trains were looooooong - often to the point of having to be split into two sections. In late 2001, WC was taken over by Canadian National and within a couple of weeks of that takeover, CN dropped that service because even though it was operating at a profit, it was not profitable enough for CN's beancounters. It is a case where even I would have been open to the idea of the State of Wisconsin subsidizing it because of the hundreds of trucks that it took off of US 41 and I-43 every day. Under 'open access', the trucking companies could, if they wanted to, hire their own crews, lease or buy their own locomotives and flatcars and run those trains by themselves, not needing to try to hire the only railroad company in town to do that.

Also, many larger railroads are not interested in potential customers unless they'll be handling several cars per day, not wanting to bother with someone who might only ship or receive a car or two per month. This is a major problem here in NE Wisconsin with real economic drag potentials. Allowing other operating companies access to an area to handle such customers will be a huge relief for that problem.

How to best achieve that? One analogy happened here in eastern Wisconsin about ten years ago and is working out very well - high-energy power lines. Until about 2000, the various high-energy power transmission lines were owned and operated by the various local electric utilities. Due to the inefficiencies of that setup, at that time, they banded together and formed a separate company (American Transmission Company - 'ATC') to acquire and operate their transmission lines, to be operated on an open-access common carrier basis with each utility feeding power into and drawing power from that system as they needed. Since then, ATC has been busy upgrading and improving their system, with many more upgrades and new lines in various stages of planning. They just opened a new 345KV line between Duluth, MN and Wausau, WI about two or three years ago.

Perhaps every railroad company on the continent, regardless of size, could be required to divide themselves into completely separate track infrastructure (to own, maintain and dispatch the track) and operating (to run the trains) companies, with the dispatchers being required to work in as non-discriminatory of a manner as possible (like the air traffic controllers do).

Am I whistling 'Dixie' here? Likely, but I'm looking into the future, not the past.

Mike
 
Back on topic.....this Bear forked over $2.97 the other day, here in relatively-warm-for-November NW Ohio.

Back off topic.....4 big railroads operate in the states. During this Great Recession they still made huge profits......good for them. And related to railroads, goodies from China.....the upgrading of the Panama Canal.

The new canal logistics will have a huge effect on railroad traffic in the southeastern USA. Many of the SE container ports are upgrading (as we speak) to be ready to grab container biz from Los Angeles-Long Beach, Seattle-Tacoma, Oakland, and Vancouver.

Bear
 
I know this all too well, as our governor-elect has chosen to nix our only passenger rail opportunity in the last 10 years because it won't pay for itself...

Last Off-topic moment... as a follow up, yesterday the governor-elect asked the federal government if they could use the $400m Ohio received to create the rail system to subsidize the highways 8-!:r: Are you serious? How do these people get in office?
 
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