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Current Fuel Crisis

Old 12-18-2008, 06:02 PM
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Default Current Fuel Crisis

Well it appears that the fall in the price of oil and associated drop in gas prices must come to a halt. Since OPEC announced a drop in production yesterday every gas station along the highway between my home and work has jumped 15 - 25 cents per gallon overnight.

Oil below $40/bbl and still falling, but the prices jump this much. What's up with that? I guess they just see an opportunity to screw us over in time for Holiday travelling.
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Old 12-18-2008, 06:09 PM
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Default Re: Current Fuel Crisis

It's down to $36 right now.
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Old 12-18-2008, 06:15 PM
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I hear you. Gas went from $1.48 to $1.75 and oil dropped $7 a barrell and ROBGAS is at $1.03. Do not foget marinas on road desiel at $2.52 and the marinas in FWB and Destin selling off road at $3.30. I believe there is an $0.80 tax on road diesel so marinas should be at $1.72 for off road.

I never thought I would take 5 gallon cans to the local gas station for my boat.
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Old 12-19-2008, 02:00 AM
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Default RE: Current Fuel Crisis

Cuzmondo - 12/18/2008 9:02 AM

Oil below $40/bbl and still falling, but the prices jump this much. What's up with that? I guess they just see an opportunity to screw us over in time for Holiday travelling.
Yah and did you know that you are supposed wear loose fitting pajamas to bed and you are supposed to have a jar of Vaseline on your night stand at all times. The Vaseline isn't for your benefit, it's for theirs.


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Old 12-19-2008, 04:34 AM
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TopShelf - 12/18/2008 6:15 PM

I hear you. Gas went from $1.48 to $1.75 and oil dropped $7 a barrell and ROBGAS is at $1.03. Do not foget marinas on road desiel at $2.52 and the marinas in FWB and Destin selling off road at $3.30. I believe there is an $0.80 tax on road diesel so marinas should be at $1.72 for off road.

I never thought I would take 5 gallon cans to the local gas station for my boat.
There ya go Top,
You're right up that same Hwy. from me then. Hwy. 98. We live just outside Gulf Breeze and saw the exact same price increases.
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Old 12-19-2008, 05:01 AM
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TopShelf - 12/18/2008 6:15 PM

I hear you. Gas went from $1.48 to $1.75 and oil dropped $7 a barrell and ROBGAS is at $1.03. Do not foget marinas on road desiel at $2.52 and the marinas in FWB and Destin selling off road at $3.30. I believe there is an $0.80 tax on road diesel so marinas should be at $1.72 for off road.

I never thought I would take 5 gallon cans to the local gas station for my boat.
My marina is still at 3.60 for diesel, they say that it was purchased before the price drop. They need to flatten out the cost, hell, when they buy it for less you never see them hold the price until the get another load...pisses me off.
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Old 12-19-2008, 05:13 AM
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How funny. You think that prices really reflect the real time price of oil.

The gas you will buy today was not bought on the world market today. Or even yesterday. It was bought who knows how long ago. And then there is all the oil that was bought but has not been delivered to US ports yet. All the oil tankers at sea right now.

So when the real time price drops today, the prices at the pump will lag behind. They are in effect selling you higher priced gas that was already in the pipeline. All that gas has to be sold before the cheaper gas can arrive.

So why do prices rise so fast? Simple! Oil companies are looking at the cost of that next tanker, and are passing on the "savings" to consumers.

I thought everyone had figured this out by now. Prices at the pump instantly reflect increases, but lag on decreases. Is this really news to anyone???
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Old 12-19-2008, 05:34 AM
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Yep, already knew that, hince my sarcastic remark. But it still pisses us all off and proves the fact that pump prices have absolutely nothing whatsoever to do with what it cost for them to inventory that fuel. It's always going to work to their favor, which in essence means they are "gouging" consumers. If not, the price would remain constant until the next load was delivered and adjusted to that rate at that time. Now, before anyone chimes in here and states that is what they're doing, don't even try it. There is no way that a dozen stations within a five mile stretch emptied all their tanks and topped them off on the same day. BS, one goes up, they all follow suit.
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Old 12-19-2008, 02:19 PM
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Joe - 12/19/2008 10:09 AM

It's down to $36 right now.
It is because global manfrg is shutting down. It hasn't fully clicked with all folks yet, but we are on the cusp of a full-blown global depression. People are going to be homeless, and people are going to be hungry. We will be entering a time where people have lost everything and see no future in their future. Nothing is more dangerous than someone that perceives they have nothing left to lose.
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Old 12-19-2008, 02:55 PM
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Default Re: Current Fuel Crisis

What they don't tell you we just had the biggest harvest of crops on record. This country has the tech. to grow crops to feed the world three times over and we are not even using 50% of it. The press sucks!!!
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Old 12-19-2008, 03:15 PM
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That guy in India cranked his moped up today.
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