Insane gas prices!
#33
06-07-2008, 04:26 PM
#34
06-07-2008, 04:30 PM
Originally Posted by richie
*sighs* just sucks when your day (well at least for me) is now dictated by whether or not "its worth it or not"
can't just drive/cruise for the heck of it...don't go to friend's place or anywhere else because can't justify how much it costs just to get there and come back
yea you gotta "pay to play"... but we're not even talking about "playing" here...usually that saying is for modding but this is what everyone has to go through.. g35drivers and all other drivers, just some more than others
can't just drive/cruise for the heck of it...don't go to friend's place or anywhere else because can't justify how much it costs just to get there and come back
yea you gotta "pay to play"... but we're not even talking about "playing" here...usually that saying is for modding but this is what everyone has to go through.. g35drivers and all other drivers, just some more than others
#35
06-07-2008, 04:34 PM
Originally Posted by Msedanman
Paid $1.28.5 per liter today at my station -- X 3.78 per your gallon = $4.86 per gallon!
Oil spiked $11.00 a barrel (to $138. per barrel) today which they say will jack our price by at least 6 cents a liter tomorrow which converts to about $5.09 for your gallon!
It's getting beyond funny....
C.
Oil spiked $11.00 a barrel (to $138. per barrel) today which they say will jack our price by at least 6 cents a liter tomorrow which converts to about $5.09 for your gallon!
It's getting beyond funny....
C.
Then some people are going to come out and say well brazil, china, and india are emerging markets and they consume more oil....kiss my fvcking ***. China, india, and brazil don't just start emerging over night. They have been emerging for years and years consuming the same amount of oil for those years, yet the price of oil over those years stayed relatively consistent with inflation and other factors. Now all the sudden it is the main factor in why oil is trading higher...why? Oil gained $20.00 in two days...it was the biggest change in i forget how many years (10 or something). Someone please explain to me why oil is trading like it is.
Another thing that drives me nuts is oil price typically has a week or two delay until we actually feel it at the pump. So oil has been trading down, but it has barely come down at the pump. Maybe .02 cents. Now thursday and friday oil traded up huge almost to the same level it was 2 weeks ago. I think 2 weeks ago it hit 135.00 yesterday it hit 139.00. Now a month ago when oil was lets say 124.00 gas went up whatever amount. Oil then spiked and hit 135.00 and gas went up huge like .15 cents if not way more. Oil then over the last couple weeks has traded back down to where it was a month ago (124.00), but yet gas at the pump hasn't went down to the price it was a month ago. It has stayed consistent. Now oil went from 124.00 to 139.00 over the last 2 days and gas will go up again by another .15 cents. We are already paying for the price of oil that was traded yesterday. How can gas companies make the price go up that much overnight when we shouldn't be feeling it for 2 weeks?
-----------------------------------------
Example 1 with made up numbers. The example i am showing is what we are seeing in real life except with different numbers. As oil rises gas rises, but as oil falls gas hasn't been falling at an equal rate...but it should be.
Jan. 1st
gas at pump - 3.00
oil on exchange opened @ 120.00 closed @ 124.00
Jan. 7th
Gas at pump - 3.04 (because oil traded 4 dollars high on the 1st)
oil on exchange opened @ 124.00 closed @ 135.00
Jan 14th
Gas at pump 3.15 (because oil traded 11 dollars high on the 7th)
Oil on exchange opened @ 135.00 closed @ 124.00
Jan 21st
Gas at pump 3.13 (it should of went down an equal amount due to the drop in oil but it didn't - how come)
Oil on exchange opened @ 124.00 closed @ 139.00
Jan 28th
Gas at pump 3.28 (because oil traded 15 dollars high on the 21st)
Example 2 with made up numbers. The example i am going to show below (in my opinion and just using logic) should be what we pay at the pump. As oil goes up gas should go up, but as oil falls gas should fall in price at an equal rate, but for some reason it doesn't...how come?
Jan. 1st
gas at pump - 3.00
oil on exchange opened @ 120.00 closed @ 124.00
Jan. 7th
Gas at pump - 3.04 (because oil traded 4 dollars high on the 1st)
oil on exchange opened @ 124.00 closed @ 135.00
Jan 14th
Gas at pump 3.15 (because oil traded 11 dollars high on the 7th)
Oil on exchange opened @ 135.00 closed @ 124.00
Jan 21st
Gas at pump 3.04 (here gas went down at an equal rate to oil)
Oil on exchange opened @ 124.00 closed @ 139.00
Jan 28th
Gas at pump 3.19 (because oil traded 15 dollars high on the 21st)
Example 1 is what happens everyday and example 2 is what is should be, but for some reason it doesn't happen. Now if you have read this far look at the first example and the second example. In the both examples lets look at january 14th and the 21st. In example 1 when oil dropped from 135 to 124 gas on the 21st only went down by .02 cents...but why? Shouldn't it fall at an equal rate?
From example 1
Jan 14th
Gas at pump 3.15 (because oil traded 11 dollars high on the 7th)
Oil on exchange opened @ 135.00 closed @ 124.00
Jan 21st
Gas at pump 3.13 (it should of went down an equal amount due to the drop in oil but it didn't - how come)
Oil on exchange opened @ 124.00 closed @ 139.00
From example 2
Jan 14th
Gas at pump 3.15 (because oil traded 11 dollars high on the 7th)
Oil on exchange opened @ 135.00 closed @ 124.00
Jan 21st
Gas at pump 3.04 (here gas went down at an equal rate to oil)
Oil on exchange opened @ 124.00 closed @ 139.00
#36
06-07-2008, 04:52 PM
#37
06-07-2008, 07:01 PM
Originally Posted by Gammawolf
+1.
About time we consider re-evaluating our gas guzzling cars, alternative fuels, and public transportation.
About time we consider re-evaluating our gas guzzling cars, alternative fuels, and public transportation.
Here is my trip that I would have to take via public transport. I have to get to work and change into uniform by 6AM. So, I set it up with an arrival time of 5:50.
Cost $5.00 and I would have to set off at 12:22!!! That is a 5 1/2 hours before I have to be at work.
http://maps.google.com/maps?f=d&hl=e...8&z=13&start=0
The same trip via car, ~20 mins! ~$5:27 for gas.
http://maps.google.com/maps?f=d&hl=e...8&z=13&start=0
Even in a city as large as San Diego while living only 10.5 miles from work, I have no viable means of getting to/from work without a car. Since there is a non-pedestrian bridge between my house and my job I couldn't even ride a bike in (bicycle, I would never ride a motorcycle in So. Cal. drivers out here are just nuts).
What about rideshare you say? Distance is too short for a rideshare van, so that is out. Co-workers? oh wait, they all bought a house at ridiculous distances and don't want to stop so short of work just to pick someone up.
That is just an example of one of my many daily commutes. Other places that I go, would include my wife and 2 kids, so tolls end up costing more than gas would (by a lot.)
Luckily I'm moving to Japan. A place that has good public transportation and the gas prices aren't skyrocketing north for no justifiable reason.
#38
06-07-2008, 07:11 PM
I insured my Accord yesterday and will be registering it on Monday so I can start using it. I'm trying to get rid of the truck now but the price is 2k less than what it should be for the market. No one is buying V8's anymore I can't even get a Honda Fit for invoice they are selling it for sticker price. But they will sell you a V6 Accord at invoice plus some added incentives so they can move thier inventory. Forget about hybrids they sell for sticker as well. It will never end and it's going to get worse $5/gal by July 4th that is just rediculous.
#39
06-07-2008, 07:18 PM
Originally Posted by Nismo G
I lost a lot of money yesterday due to oil. As an investor i usually do not complain about oil as i see how it works everyday, but it is really starting to **** me off. Oil has been nothing but speculation for the last 6 months. Yeah, they come out with their reports where their inventories are down, but in all honesty give me a break. On CNBC at the top where it has the market numbers - next to the oil price it says AMERICAS OIL CRISIS. Now please tell me they are not pumping the price by doing that!?! A couple months ago analyst were estimating $130.00 a barrel. Now just yesterday i think lehman brothers said they think oil will hit 150 a barrel. NOW GIVE ME ANOTHER BREAK. How can they do this?!?!?! It does nothing but pump the price. In my opinion it is the same thing as fvcking insider trading. Of course oil is going to trade high after a fvcking huge investment firm comes out and says oil is going to hit $150.00 a barrel. People are going to freak out and buy it like no tomorrow at $129.00 a barrel...why wouldn't they? It would be stupid not too. If i can make 21 dollars for each contract then you are damn right i am going to trade it up.
Then some people are going to come out and say well brazil, china, and india are emerging markets and they consume more oil....kiss my fvcking ***. China, india, and brazil don't just start emerging over night. They have been emerging for years and years consuming the same amount of oil for those years, yet the price of oil over those years stayed relatively consistent with inflation and other factors. Now all the sudden it is the main factor in why oil is trading higher...why? Oil gained $20.00 in two days...it was the biggest change in i forget how many years (10 or something). Someone please explain to me why oil is trading like it is.
Another thing that drives me nuts is oil price typically has a week or two delay until we actually feel it at the pump. So oil has been trading down, but it has barely come down at the pump. Maybe .02 cents. Now thursday and friday oil traded up huge almost to the same level it was 2 weeks ago. I think 2 weeks ago it hit 135.00 yesterday it hit 139.00. Now a month ago when oil was lets say 124.00 gas went up whatever amount. Oil then spiked and hit 135.00 and gas went up huge like .15 cents if not way more. Oil then over the last couple weeks has traded back down to where it was a month ago (124.00), but yet gas at the pump hasn't went down to the price it was a month ago. It has stayed consistent. Now oil went from 124.00 to 139.00 over the last 2 days and gas will go up again by another .15 cents. We are already paying for the price of oil that was traded yesterday. How can gas companies make the price go up that much overnight when we shouldn't be feeling it for 2 weeks?
-----------------------------------------
Example 1 with made up numbers. The example i am showing is what we are seeing in real life except with different numbers. As oil rises gas rises, but as oil falls gas hasn't been falling at an equal rate...but it should be.
Jan. 1st
gas at pump - 3.00
oil on exchange opened @ 120.00 closed @ 124.00
Jan. 7th
Gas at pump - 3.04 (because oil traded 4 dollars high on the 1st)
oil on exchange opened @ 124.00 closed @ 135.00
Jan 14th
Gas at pump 3.15 (because oil traded 11 dollars high on the 7th)
Oil on exchange opened @ 135.00 closed @ 124.00
Jan 21st
Gas at pump 3.13 (it should of went down an equal amount due to the drop in oil but it didn't - how come)
Oil on exchange opened @ 124.00 closed @ 139.00
Jan 28th
Gas at pump 3.28 (because oil traded 15 dollars high on the 21st)
Example 2 with made up numbers. The example i am going to show below (in my opinion and just using logic) should be what we pay at the pump. As oil goes up gas should go up, but as oil falls gas should fall in price at an equal rate, but for some reason it doesn't...how come?
Jan. 1st
gas at pump - 3.00
oil on exchange opened @ 120.00 closed @ 124.00
Jan. 7th
Gas at pump - 3.04 (because oil traded 4 dollars high on the 1st)
oil on exchange opened @ 124.00 closed @ 135.00
Jan 14th
Gas at pump 3.15 (because oil traded 11 dollars high on the 7th)
Oil on exchange opened @ 135.00 closed @ 124.00
Jan 21st
Gas at pump 3.04 (here gas went down at an equal rate to oil)
Oil on exchange opened @ 124.00 closed @ 139.00
Jan 28th
Gas at pump 3.19 (because oil traded 15 dollars high on the 21st)
Example 1 is what happens everyday and example 2 is what is should be, but for some reason it doesn't happen. Now if you have read this far look at the first example and the second example. In the both examples lets look at january 14th and the 21st. In example 1 when oil dropped from 135 to 124 gas on the 21st only went down by .02 cents...but why? Shouldn't it fall at an equal rate?
From example 1
Jan 14th
Gas at pump 3.15 (because oil traded 11 dollars high on the 7th)
Oil on exchange opened @ 135.00 closed @ 124.00
Jan 21st
Gas at pump 3.13 (it should of went down an equal amount due to the drop in oil but it didn't - how come)
Oil on exchange opened @ 124.00 closed @ 139.00
From example 2
Jan 14th
Gas at pump 3.15 (because oil traded 11 dollars high on the 7th)
Oil on exchange opened @ 135.00 closed @ 124.00
Jan 21st
Gas at pump 3.04 (here gas went down at an equal rate to oil)
Oil on exchange opened @ 124.00 closed @ 139.00
Then some people are going to come out and say well brazil, china, and india are emerging markets and they consume more oil....kiss my fvcking ***. China, india, and brazil don't just start emerging over night. They have been emerging for years and years consuming the same amount of oil for those years, yet the price of oil over those years stayed relatively consistent with inflation and other factors. Now all the sudden it is the main factor in why oil is trading higher...why? Oil gained $20.00 in two days...it was the biggest change in i forget how many years (10 or something). Someone please explain to me why oil is trading like it is.
Another thing that drives me nuts is oil price typically has a week or two delay until we actually feel it at the pump. So oil has been trading down, but it has barely come down at the pump. Maybe .02 cents. Now thursday and friday oil traded up huge almost to the same level it was 2 weeks ago. I think 2 weeks ago it hit 135.00 yesterday it hit 139.00. Now a month ago when oil was lets say 124.00 gas went up whatever amount. Oil then spiked and hit 135.00 and gas went up huge like .15 cents if not way more. Oil then over the last couple weeks has traded back down to where it was a month ago (124.00), but yet gas at the pump hasn't went down to the price it was a month ago. It has stayed consistent. Now oil went from 124.00 to 139.00 over the last 2 days and gas will go up again by another .15 cents. We are already paying for the price of oil that was traded yesterday. How can gas companies make the price go up that much overnight when we shouldn't be feeling it for 2 weeks?
-----------------------------------------
Example 1 with made up numbers. The example i am showing is what we are seeing in real life except with different numbers. As oil rises gas rises, but as oil falls gas hasn't been falling at an equal rate...but it should be.
Jan. 1st
gas at pump - 3.00
oil on exchange opened @ 120.00 closed @ 124.00
Jan. 7th
Gas at pump - 3.04 (because oil traded 4 dollars high on the 1st)
oil on exchange opened @ 124.00 closed @ 135.00
Jan 14th
Gas at pump 3.15 (because oil traded 11 dollars high on the 7th)
Oil on exchange opened @ 135.00 closed @ 124.00
Jan 21st
Gas at pump 3.13 (it should of went down an equal amount due to the drop in oil but it didn't - how come)
Oil on exchange opened @ 124.00 closed @ 139.00
Jan 28th
Gas at pump 3.28 (because oil traded 15 dollars high on the 21st)
Example 2 with made up numbers. The example i am going to show below (in my opinion and just using logic) should be what we pay at the pump. As oil goes up gas should go up, but as oil falls gas should fall in price at an equal rate, but for some reason it doesn't...how come?
Jan. 1st
gas at pump - 3.00
oil on exchange opened @ 120.00 closed @ 124.00
Jan. 7th
Gas at pump - 3.04 (because oil traded 4 dollars high on the 1st)
oil on exchange opened @ 124.00 closed @ 135.00
Jan 14th
Gas at pump 3.15 (because oil traded 11 dollars high on the 7th)
Oil on exchange opened @ 135.00 closed @ 124.00
Jan 21st
Gas at pump 3.04 (here gas went down at an equal rate to oil)
Oil on exchange opened @ 124.00 closed @ 139.00
Jan 28th
Gas at pump 3.19 (because oil traded 15 dollars high on the 21st)
Example 1 is what happens everyday and example 2 is what is should be, but for some reason it doesn't happen. Now if you have read this far look at the first example and the second example. In the both examples lets look at january 14th and the 21st. In example 1 when oil dropped from 135 to 124 gas on the 21st only went down by .02 cents...but why? Shouldn't it fall at an equal rate?
From example 1
Jan 14th
Gas at pump 3.15 (because oil traded 11 dollars high on the 7th)
Oil on exchange opened @ 135.00 closed @ 124.00
Jan 21st
Gas at pump 3.13 (it should of went down an equal amount due to the drop in oil but it didn't - how come)
Oil on exchange opened @ 124.00 closed @ 139.00
From example 2
Jan 14th
Gas at pump 3.15 (because oil traded 11 dollars high on the 7th)
Oil on exchange opened @ 135.00 closed @ 124.00
Jan 21st
Gas at pump 3.04 (here gas went down at an equal rate to oil)
Oil on exchange opened @ 124.00 closed @ 139.00
#40
06-07-2008, 07:48 PM
#44
06-07-2008, 08:16 PM
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