Where does it end? (Fuel Prices)

[JD PLOWER]

Thought it might be interesting to see what everyone thinks about the price of fuel and where it'll be come labor day?

In case you missed it "Oil hit a new record high today of 72.70 a barrel".

(This is for regular unleaded fuel.)

[PSDF350]

Price of gas is rediculas. Price of diesel is totally rediculas.

[William B.]

Well I don't know where it will be but when I was talking to the clerk at the gas station last night, she said that gas will go up $.60 in the next couple weeks. Where she got this info I don't know but still it makes ya wanna cry:wah

William

[maniac]

Well its not stopping anybody from using it, yesterday I went to fill my pickup in Danbury, the guy was just finishing up dropping the diesel, while I waited I asked him how it was going.

"SWAMPED he said, this is my 3rd load here today!"

8000 gallons X 3 loads, this at ONE station and thats on a wednesday, and its not summertime yet.:eek:

[Mick]

Well I don't know where it will be but when I was talking to the clerk at the gas station last night, she said that gas will go up $.60 in the next couple weeks. Where she got this info I don't know but still it makes ya wanna cry:wah

William

I'd believe it - at least. Went up .20 in two days here.

[cat320]

All I know is the price is getting way out of had look in NY some stion has cheap gas at $4.26 and premuim at$4.50.

But start to look at prices of stuff you get everyday and see how it is slowly creeping up and up and it has to to compensate with the price of manufacturing,deliver,processing etc.etc. I just cam back from florida and gas is alreay over the $3 mark.

[slplow]

All I can say is, it's all ready to dam high. I wish I saw this comming before I sent my summer contracts out. March 9th on my in for my operation gas was $2.09 , four day,s after on my ride home it was $2.19.
I hope you all have a good summer.

[Joey D]

Gas and diesel prices will keep going up until they are forced to stop raping us, if that ever happens.
It is no different from the phone and electric companys the gov regulates what they can charge because everyone needs it. Like it or not we can not just walk away from using as much fuel as we do as a country it would take major upgrades to public trans. We are screwed....

[SIPLOWGUY]

Too too high!:wah

[cat320]

I guess this will affect every ones drive plans from now on. I wish that every one would stop driving and just let those oil co's eat all there oil and choke on all there big profits .but that's only wishful thinking and we will have to get raped some more before any one does anything about it .

[cat320]

I guess this will affect every ones drive plans from now on. I wish that every one would stop driving and just let those oil co's eat all there oil and choke on all there big profits .but that's only wishful thinking and we will have to get raped some more before any one does anything about it .

[Chuck Smith]

Saturday it was $2.61 for reg. Tonight it was $2.75, and that is the cheapest around here.

I know it has to be at $3.00 by May 1st. Heard that a week ago, from someone who knows someone...... They were told to creep the price up to the target mark of $3.00. I know most of you are paying it already.... Where will it end? Who knows. One problem here in NJ, is that most of the refineries shut down over the years, due to the EPA. Now they just store it here. The refineries are there, just not refining. Exxon's largest refinery is in Taiwan!

~Chuck

[cat320]

"Exxon's largest refinery is in Taiwan!"

So does that mean it should be close to 50 cents a gal because the labor force there is cheaper??:scramble

[Adams Plowing]

roughly $2.95 for gad and $2.99 for diesel... getting rediculas but probably wont end till either the government steps in...

[John Banks]

3.25 for diesel here 2.50 for off-road. hmmmm

[BWhite]

closest to me.....diesel 2.85 and 3.05


Call the White House and tell them what you think 202 456 1111

[90plow]

The largest refinery is in Taiwan because they're starting to use alot more oil than they ever have in the past.
-Eric

[T-Zab]

"Exxon's largest refinery is in Taiwan!"

So does that mean it should be close to 50 cents a gal because the labor force there is cheaper??:scramble

Lets not forget the cost of fuel to get it here !!!
At over 3.00 a gallon im amazed its not higher LOL.
Todd

[John Banks]

How did the price of diesel jump up 16 cents literally overnight? this happened last week, around here anyway.

Also, there's an exxon station and a mobil station within about 200 yards of one another. Diesel at one is 3.21 while the other is 3.29. Go figure.

[Honest Mike]

Regular gas at my place right now is $2.999 and the diesel fuel is exactly the same. It has been this price for the last week or so, or maybe a little longer. However, we are getting a delivery tomorrow and we will see what happens. I always find out immediately what the fuel the guy just dropped in the ground cost us, I usually call them, or they will call me, but I wanna know what I just paid before any of it leaves, sometimes the price increases from the last delivery to this one are a big jump! So, yea tomorrow I may have to jump up 10 or so cents, but I wont know until they drop the gas and I call. Thats why you see big jumps in one shot, you cant expect the station owner to eat it. Our price goes up, we go up, our price goes down, we go down, but not until it all has left. For instance, say I pay 2.80 tomorrow for the 4,000 gallons of regular that are coming, and the very next day they call me and say, price went down .20, I cant go down .20, until all those 4,000 gallons get sold. So, if the shop around the corner from me gets his delivery the very next day, well he just got a much better deal than me, and can post a much better price on his pump than I can, therefor he looks like a good guy, and I look like a crook. Hope you guys follow how this works. My family has been in this business since 1951, and I have worked there since 1994 myself. We just pass the increases along, obviously we cannot eat it. Dont forget the credt card fees either. The station loses 3% on credit card sales...(4% for AmEx)...So if gas cost us 2.80, and u use your credit card, well its like it cost us 2.88 then. 3% is 3 cents on a dollar. With gas being almost 3 bucks a gallon, thats 9 cents we lost already, cause the customer chose to pay by credit card. So if we were making 20 cents a gallon, now we are down to 11, sucks doesnt it?? Sorry about the rant, but I just want people to understand that its not us, the station owners, getting rich, and all we do is hear the complaints about it being so high, and why is the guy around the corner cheaper. No one seems to understand how this business works, unless you are in it.

[cat320]

Mike like everthing else you will get the brunt of it because people can't yell at exon ,shell or who ever in the oil co's. It's a real joke when the price jumps up that much just because some one thought something might happen some where.

[Rob]

Thats why you see big jumps in one shot, you cant expect the station owner to eat it. Our price goes up, we go up, our price goes down, we go down, but not until it all has left. For instance, say I pay 2.80 tomorrow for the 4,000 gallons of regular that are coming, and the very next day they call me and say, price went down .20, I cant go down .20, until all those 4,000 gallons get sold.

Mike,
I agree completely, I don't expect the station owner to eat it, and as you stated the price can't go down until all 4,000 gallons of that higher priced stuff has sold. But by the same token, how can the price go up the day you get a delivery while a bunch of the lower price stuff is still sitting in the tank? It makes sense that the price goes up upon delivery, only if the tanks were empty when they filled them. It seems to me that if your policy is to adjust the price upon delivery, then you should lower it as well as raise it when a delivery is made.
Of course none of that really matters, it is a capitalistic market and you can charge anything that people are willing to pay and pocket as much profit as you'd like to. Afterall, you are the owners and can run your business any way you'd like to.

[Honest Mike]

Rob, you are correct. However, when we order a load of gas, we order all the products in one shot, so what I try to do is buy each one in such a way that they all run down evenly, so when it comes time to buy again, most of our product has left the ground, and we have the money for it. For instance, gas is coming tomorrow and we are totally out of premium, and have about 400-500 gallons of regular left. So, the premium price will need to be changed immediately, while I can wait a day or so and keep an eye on the regular, but like you said, its a chance to make a few extra bucks on those leftover gallons...Mike

[cat320]

Who the heck would by premium? reg gas runs everything fine

[PSDF350]

Mike Like Rick said you get the brunt of attitude becuase you are the one dealing with the end user. I think everyone understands that you dont control price. But you are the one people deal with so are the only one we consumers can complain to. Even if just to vent.

[Rob]

I think everyone understands that you dont control price.

Actually, he does control the price. What he does not control is the cost to him. Just like any other business, he can charge whatever he wants for a product. He is a middle man though, so he has costs to buy the product and then can take any markup he wants (I presume). I don't believe that it is a government regulated industry other than to ensure that the pumps actually are pumping what they say they are pumping. (one gal really is one gal). In my mind, the difference is it is a product everyone *has* to buy, and therefore like to complain about. In other fields,when the price gets too high, demand drops off more quickly.

As a side note, I was reading recently that the sales of the big SUVS are actually up. The price has not reached a point that people have changed their driving habits, or buying preferences. Many economists believe that unlike the 70's when people carpooled, bought econo-boxes etc. immediately we will not begin to see behavior changes until the prices passes $4.

[cat320]

Well I think the people who are buying those big suvs are just charging the customers more for there services or gouging by getting a fuel surcharge on top of higher delivery if that s what they do.I mean have you really looked at the prices the stores are charging.

I used to get joint compound for $4 a 5 gal bucket not it's like $12 sheet rock over $10 a sheet from around $5 .

[BWhite]

Who the heck would by premium? reg gas runs everything fine
Not the high compression, performance engines . The engine will run but the knock sensor will retard the timing take away power .

[T-Zab]

Well I think the people who are buying those big suvs are just charging the customers more for there services or gouging by getting a fuel surcharge on top of higher delivery if that s what they do.I mean have you really looked at the prices the stores are charging.

I used to get joint compound for $4 a 5 gal bucket not it's like $12 sheet rock over $10 a sheet from around $5 .

We havnt seen drywall for 5 bucks for several years.
12's used to be 8.95 now they are 10.95. Allthough plywood is lower then it has been in 2 years, cant figure that out.Im sure once another hurricane hits some where it will shoot way back up.
T

[BayCityBullet]

Blame China & the American consumers quest for cheaper products. The "haves" will get the money out of the "havenots" one way or another. 1eye2 :mad: