not to freak everyone out, but a quick thought I have. Can gas prices rise a lot in one day...say .40-.50? My wife was at a baby shower today and some girls finace there works in the fuel industry and he was told that the prices are adjusting that much tomorrow. Seems unlikely..although with the way things are lately I fiiled up anyway. I know this Ferris Bueller hear say, but thought I would share.
gas prices
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Sure they can go up .40 in a day, but it is usually caused by a refinery fire or hurricane or someting.
I expect $3.75/gallon by Memorial Day (for the cheapest grade). Nothing concrete to support it, just a hunch with the way prices have been fluctuating lately for no apparent reason. And Memorial Day weekend is traditionally a heavy travel weekend and they always like to stick us because of course, they can never forsee increases in demand and prepare for it.
The better question is, why are gas prices continuing to rise even though we have proven reductions in demand in this country over the past 2 quarters? This little article may have some insight into this:
U.S. refiners may cut gasoline output on weak profit - Kansas Gas Prices
The real reason is because fuel prices do not obey the laws of supply and demand like they try to lead us to believe. Oil companies have "gotten used" to those massive profits and cannot allow those profits to fall now, because they have shareholders to keep happy. Reductions in profits mean regression in the business, and they can't have that. In the meantime, fuel prices are destroying our economy due to the costs being passed on to consumers at all levels.
Sigh. I'm done rambling for now.
The better question is, why are gas prices continuing to rise even though we have proven reductions in demand in this country over the past 2 quarters? This little article may have some insight into this:
U.S. refiners may cut gasoline output on weak profit - Kansas Gas Prices
The real reason is because fuel prices do not obey the laws of supply and demand like they try to lead us to believe. Oil companies have "gotten used" to those massive profits and cannot allow those profits to fall now, because they have shareholders to keep happy. Reductions in profits mean regression in the business, and they can't have that. In the meantime, fuel prices are destroying our economy due to the costs being passed on to consumers at all levels.
Sigh. I'm done rambling for now.
That article really disgusts me. I'm sick of the greed and selfishness in our economy. When will it end? :no:
Seems like gas prices do not follow competition models either. I know there are small amounts of refiners in the US, but help me out here. I will use Kum & Go gas stations vs. BP Amoco gas stations.
Oil comes into the refineries and is made into gasoline and then transported all over the country. Why would/should gas prices be the same at Kum & Go and BP Amoco? BP owns all parts of their supply chain and Kum & Go does not. Kum & Go has their own transport company (Solar) but BP can refine their own gas so in theory should have less cost as they are not buying gas from a 'middle man'. There should be a price difference at all these gas stations.
If I were running for president my main theme would be that 10 years from now the US will import 0 barrels of oil. The US will use some of its own oil for awhile but technology will be developed so oil can be replaced. This mimics Kenedy in the early 60's saying that the US will put a man on the moon by the end of the decade. This will spurred by tax breaks to private industry. This will lessen the chance of the US being brought to its knees by other countries, lessen the chance of war for the US (several other countries too) and be a huge boon to the US economy as the world will want the technology. The US needs to take this leadership role if we want to remain the #1 country in the world.
Oil comes into the refineries and is made into gasoline and then transported all over the country. Why would/should gas prices be the same at Kum & Go and BP Amoco? BP owns all parts of their supply chain and Kum & Go does not. Kum & Go has their own transport company (Solar) but BP can refine their own gas so in theory should have less cost as they are not buying gas from a 'middle man'. There should be a price difference at all these gas stations.
If I were running for president my main theme would be that 10 years from now the US will import 0 barrels of oil. The US will use some of its own oil for awhile but technology will be developed so oil can be replaced. This mimics Kenedy in the early 60's saying that the US will put a man on the moon by the end of the decade. This will spurred by tax breaks to private industry. This will lessen the chance of the US being brought to its knees by other countries, lessen the chance of war for the US (several other countries too) and be a huge boon to the US economy as the world will want the technology. The US needs to take this leadership role if we want to remain the #1 country in the world.
If you convert that to metric (double it and add 30), that means gas is $32.20. Holy cats!!
1 liter = 0.264 gallons. Gas in Canada = $1.10 per liter. $1.10/0.264 = $4.17 per gallon.
Liters already are in metric, no need to convert...
Double it and add 30 sounds like a rudimentary method to convert from celsius to fahrenheit. That should actually be degrees Celsius x 1.8 + 32 = degrees Fahrenheit
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I have a thought...
Now, i know this is unlikely, but just hear me out.
What if America was to set a side one day a year (or however long) and shut down all of the gas stations, so that nobody would fill up. This would include everything, except airplanes. Would gas inventory get backed up so much from nobody getting gas be enough to drop gas prices across america, dramatically???
Now, i know this is unlikely, but just hear me out.
What if America was to set a side one day a year (or however long) and shut down all of the gas stations, so that nobody would fill up. This would include everything, except airplanes. Would gas inventory get backed up so much from nobody getting gas be enough to drop gas prices across america, dramatically???
No. Look at it this way. If this were to occur on a Monday, those who needed to fill up on Monday would just fill up on Tuesday, and those who needed to fill up on Tuesday would fill up also. So it would actually cause a spike in demand on Tuesday that could potentially increase prices. The gas companies would go through the same tired drill (jack prices up by $.25/gallon overnight, then slowly let them trickle back down over the course of the next 2 weeks).
The only way to affect change in gas prices and sustain them is to consistently use less fuel, as a nation. Do your part and run your errands one day a week and plan your routes to drive as little as possible. Carpool, get a vehicle that uses less fuel. Etc. etc.
What about the exchange rate?1 liter = 0.264 gallons. Gas in Canada = $1.10 per liter. $1.10/0.264 = $4.17 per gallon.
Liters already are in metric, no need to convert...
Double it and add 30 sounds like a rudimentary method to convert from celsius to fahrenheit. That should actually be degrees Celsius x 1.8 + 32 = degrees Fahrenheit
What about the exchange rate?
I always thought the US dollar was worth more than Canada, hence the cover price of books and magazines always being something like $20 US, $22.50 Canada (just an approximation). But, when I was in Canada I realized that the Canadian dollar is actually worth about the same as the US dollar.
Exchange rates- Rates and Statistics- Bank of Canada
Either way, that does not account for a HUGE difference in prices.
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Just go to a parking lot and look at how many big vehicles people drive. Then think about how China and India both have more money and a lot more of their people are driving. Then understand oil production has been relatively flat. Oh the weak dollar doesn't help either. No surprise for me that fuel is high.
I went through this before in the 80's. Eventually driving habits and vehicles will change. Gas will probably drop, but $2.00 or less gas is probably gone for good.
I went through this before in the 80's. Eventually driving habits and vehicles will change. Gas will probably drop, but $2.00 or less gas is probably gone for good.
1 liter = 0.264 gallons. Gas in Canada = $1.10 per liter. $1.10/0.264 = $4.17 per gallon.
Liters already are in metric, no need to convert...
Double it and add 30 sounds like a rudimentary method to convert from celsius to fahrenheit. That should actually be degrees Celsius x 1.8 + 32 = degrees Fahrenheit
It's actually a joke reference to Bob and Doug MacKenzie. (e.g. 'A six-pack of beer is 42 beers in Canada.')
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I'm gonna put this mouse in this bottle of beer... then get free beer, eh...
Then I can afford to put gas in the van eh.
Then I can afford to put gas in the van eh.
Actually, the Canadian dollar just passed the US dollar in value. That's how bad our economic problems are.
