About two days ago it was $2.89 for 91 and then when I drove by the same gas station yesterday it was $2.97 for 91. I thought prices per barrel were going down?

 

Great question....I paid $2.99 this morning for 91 octane at a chevron. I heard the other day that Chevron posted their biggest profit ever or some crap like that. We get so freaking screwed in Cali with the cost of EVERYTHING!

 

and chevron's refinery is up in Antioch, their oil fields are down in bakersfield... there's zero reason we should pay that much. As long as prices for crude are as high as they are we'll all be seeing oil companies post record profits. Odd part is that the sheiks in the sand are the ones raking in the money. The oil companies operate on a %age for their margin so as long as crude prices continue to rise so will Chevron's profits. I can't really hold them too accountable... it's the azzholes in OPEC that set the price that high and they're the ones making all the money so their spoiled jack off kids can go out and buy silver plated audi's and Bentley's with interiors made out of gold thread (and I don't mean just the color).

 

Preach on my brotha cause you speak the truth!

 

as far as i know, crude prices have been declining for the past few months and gas prices have been kinda fluxuating. for a few weeks they were pretty good, around 2.00/gal for 87 here (good for me, haven't tuned my car yet!) and now i just payed 2.24/gal yesterday, nearly $30 for a full tank, so meh.

 

i dont think ive seen it $2 in the last 2 or 3 years.

haha its funny the whole thread is people from Cail except for 1
we are the only ones who can really complain

 

$1.98 a gallon here in houston.

 

we always get screwed in Cali, but I don't want to live anywhere else and I don't want to drive a crappy hybrid. I'll just keep complaining about it even though nothing will change.

 

$2.12 up here in Iowa

 

2.09 here in tucson

 

who knows... gas companies hav us by the *****.

 

This is kind of a late add-in but you guys should take some economic courses.

It's simple supply and demand. Because the demand is so high (especially in California), producers need to produce a certain amount to reach the desired capacity, hence this is why your prices in California are so high. Because demand in Texas is so low (because of quantity of oil refineries and such), companies don't need to produce as much (hence, lower gas prices.) If you lower the price, the companies won't be able to as much and you have a shortage. If you hike the price, companies will have an excess (or a surplus) and no one is going to buy it.

You don't think they won't buy it but there are plenty of people out there that would rather pay $3 than $3.50, and there are plenty of people that can afford $3.00 and not $3.50.

Equilibrium dudes... equilibrium.

**I mean, thats looking at it hardcore basics.

 

$1.98 @ Sunoco down the road from me

 

Are you guys running regular or what? If not those are some good prices for the good stuff!

 

i run regular in my POS pickup

 

So do I in my Jeep, I though people were running regular in their gt stangs. I read some where that PI heads requires premium but i'm sure their's different thought on that.

 

2.19 here in tally, although across the boarder in GA its a bit cheaper something like 2 bucks or so

 

ahahahaha i dont have to pay for gas. but i do have to walk everywhere **** i lose

 

PI swapped 96-98 cars need premium because their compression hits 10:1. Any stock engined gt from 94-07 can and should be fed regular until the timing is advanced or compression raised or a power adder slapped on. Using 91/93 on a bone stock motor is ignorant and wasteful.

 

yay gas is now $3.03. I knew it couldn't stay under $3.00 for long. Bastards.

 

2.77 for me just last night... in saratoga of all places.

 

Its not supply and demand, its, "We the oil companies feel like we need more money, and we know they will pay it, so we'll screw them six ways to sunday"

Its bullshit.

Gas sure as hell shoots up when barrel prices go up, but it sure is slow to fall when the prices go down. THAT is what pisses me off...

 

That's about accurate. There is no supply and demand in California or Texas or Alaska or Florida. Each of those states produce more oil than they consume which means that there is a surplus available. The refiners are just jacking us because we have a higher median income and can "afford" the ungodly high prices that they charge.

Imagine the war that would erupt if they charged based on actual S&D principles and costs of transportation... all the midwest states would find themselves paying 4 bucks a jug and we oil producing states would pay about a buck fitty.

 

I wouldn't call it ignorant, but i'm just going off of what I have read and I also read that 99-04 stangs compression is at 10:0:1 or something like that, and don't these cars have a knock sensor? just my .02 all I really know is what I have read but I also know the all reading material is not always accurate.

 

I don't know man, I believe whats happening in California is pretty basic economics. I'll have to look into it more; but I do think you're putting a curve on it.

**edit-- Actually, you do have a pretty substantial point red.. I'll bring it up to my professor next class.

 

I agree with some of what you say but....
A bigger reason is that we have hollywood here and cali is a big test market. If the people of hollywood will pay for it then they raise it. but as soon as they say no thats to much they bring it down the keep the status good. But another thing is that we have all the off shore drilling out there off the shore and its bringing in lots of oil. I do a gree with supply and demand. but id have to say that its not that expensive to bring the oil out of the ground its really cheep they are just greedy and want all that extra revanue.

 

Gas in Miami is arond 2.25 for regular. You dont see anything in the news about how low prices are. I could tell you this, dont be surprised if Iran starts crying uncle due to their economy going down the tubes since Saudi Arabia is flooding the market with alot of crude oil. This may have been a calculated move to keep Iran in check but dont expect it to last so drink up while you can.

 

Not that it matters, because I was curious too, I dropped my professor an email and this is what he got back at me.

---
Another reason that gas is more expensive in California is because of environmental regulations are more stringent in that particular state. The gas has to be treated more before it gets to the station. My question for the guy who believes he is getting screwed at 2.99 is does he have a choice on buying as much gas as he does? If the price of gas were to increase to $5 would you use as much gas? The answer to that question is no. Another problem with rising gas prices is the government won't allow more refineries to be built, offshore drilling, or driling in Alaska again for environmental reasons. Although we like to criticise the Arab countries if we controlled the supply of oil and we knew the rest of the world was dependant on it to keep their economy running we would charge more for it also.

People criticise the oil companies for making "huge" profits but should we blame them for making a profit, when in the late 90's there were making little or no profit, nobody felt sorry for the oil companies then. Also, I would point out that the price of gas after adjusting for inflation is not at an all time high. We would all like to pay cents a gallon like we used to, but the oil companies income rises with inflation as does the price of anything-if it doesn't that product won't be produced.

--

Thats what I got back from him.. word.

 

lol its $1.89 here in good ol' New Jersey for Regular

- around $2.00 for premium
- and around $2.10 for ultra or w.e you wanna call it

only $27-$32 to fill the tank!! lol

 

Thats why we grow corn, Ethonal baby. Except i cant use ethanol in my car otherwise i get like 120 miles to a whole tank.