Gas Prices
- Thread starter Olde Hornet
- Start date
JRock,
I just witnessed a guy going into the gas station complaining about the $2.25 a gallon for gas (very rude to a young african American female). Then proceeds to buy a liter of wine for $10.00. Now, being the gentleman that I am, I said to "Mr. Rude Man", I expect you to go to the counter and complain about the wine prices, because per gallon the gas is cheaper.
"Mr. Rude Man" walked directly to the cashier with shame and regret, and said "I am sorry for my comments". Ladies and gentle as it is said in the old gospel song, sung by Rev. James Cleveland, "This to will pass".
JRock, I am saving my gas money to tailgate with the jags during the 2005 football season. I have not forget; therefore, take the train and save that $35.00 to buy some turkey wings.
I just witnessed a guy going into the gas station complaining about the $2.25 a gallon for gas (very rude to a young african American female). Then proceeds to buy a liter of wine for $10.00. Now, being the gentleman that I am, I said to "Mr. Rude Man", I expect you to go to the counter and complain about the wine prices, because per gallon the gas is cheaper.
"Mr. Rude Man" walked directly to the cashier with shame and regret, and said "I am sorry for my comments". Ladies and gentle as it is said in the old gospel song, sung by Rev. James Cleveland, "This to will pass".
JRock, I am saving my gas money to tailgate with the jags during the 2005 football season. I have not forget; therefore, take the train and save that $35.00 to buy some turkey wings.
Olde Hornet
Well-Known Member
It looks like prices wont change actions this summer: - you can read the entire article at the link below:
http://wireservice.wired.com/wired/story.asp?section=Breaking&storyId=1015529&tw=wn_wire_story
By Tom Doggett
WASHINGTON (Reuters) - Demand this summer for U.S. gasoline will rise 1.8 percent from last summer, helping push pump prices to a peak monthly average of $2.35 a gallon in May, the federal government said on Thursday.
American drivers will consume an average 9.331 million barrels per day of gasoline this summer, according to the U.S. Energy Information Administration. The forecast from Energy Department's analytical arm is for the busy summer driving season running from April through September. Memorial Day weekend in late May ushers in the peak driving season.
The expected growth in summer gasoline demand would be above the five-year average, the agency said.
"We're looking at a global crude market that is straining" to meet world demand, said EIA administrator Guy Caruso.
U.S. crude oil prices rose on the heels of the government's new forecast. On the New York Mercantile Exchange, crude oil futures for May delivery peaked at $56.59 a barrel for a 64-cent gain before some quick profit-taking trimmed the rise.
In its report, the EIA also raised its estimate of China's oil demand in the second quarter by 1.4 percent to 7.4 million bpd. China's runaway growth in oil consumption surprised oil market analysts last year, and is expected to rise by 12 percent in 2005.
MORE IMPORTS NEEDED
The higher demand for U.S. gasoline "is caused by the increasing number of drivers and vehicles, and increasing miles traveled per vehicle," the EIA said. A flat to declining fuel efficiency in the entire U.S. vehicle fleet is also a factor.
With no slowdown in U.S. gasoline demand, refiners will have to import more this summer, the EIA said.
U.S. refiners' summer production of gasoline will average 8.382 million bpd, up 0.5 percent from last year. But that slight increase cannot keep up with demand growth "due to limited growth in refinery capacity," the EIA said.
Imports will have to make up the difference to meet demand. This summer's net imports of motor gasoline and blending components are projected to average a record 893,000 bpd, up 4.7 percent from last year.
But those foreign supplies "may be harder to obtain than in previous summers and are expected to be costly," the EIA said.
The House Energy and Commerce Committee began drafting an energy bill this week that would clear away some environmental restrictions so that mothballed U.S. refineries could be restarted or new ones built. On Wednesday, the panel voted to expand U.S. daylight-saving time by two months to help reduce energy consumption.
The Senate has yet to begin work on its version of an energy bill. However, neither the Senate or House bill would no short-term effect on lower gasoline prices.
http://wireservice.wired.com/wired/story.asp?section=Breaking&storyId=1015529&tw=wn_wire_story
By Tom Doggett
WASHINGTON (Reuters) - Demand this summer for U.S. gasoline will rise 1.8 percent from last summer, helping push pump prices to a peak monthly average of $2.35 a gallon in May, the federal government said on Thursday.
American drivers will consume an average 9.331 million barrels per day of gasoline this summer, according to the U.S. Energy Information Administration. The forecast from Energy Department's analytical arm is for the busy summer driving season running from April through September. Memorial Day weekend in late May ushers in the peak driving season.
The expected growth in summer gasoline demand would be above the five-year average, the agency said.
"We're looking at a global crude market that is straining" to meet world demand, said EIA administrator Guy Caruso.
U.S. crude oil prices rose on the heels of the government's new forecast. On the New York Mercantile Exchange, crude oil futures for May delivery peaked at $56.59 a barrel for a 64-cent gain before some quick profit-taking trimmed the rise.
In its report, the EIA also raised its estimate of China's oil demand in the second quarter by 1.4 percent to 7.4 million bpd. China's runaway growth in oil consumption surprised oil market analysts last year, and is expected to rise by 12 percent in 2005.
MORE IMPORTS NEEDED
The higher demand for U.S. gasoline "is caused by the increasing number of drivers and vehicles, and increasing miles traveled per vehicle," the EIA said. A flat to declining fuel efficiency in the entire U.S. vehicle fleet is also a factor.
With no slowdown in U.S. gasoline demand, refiners will have to import more this summer, the EIA said.
U.S. refiners' summer production of gasoline will average 8.382 million bpd, up 0.5 percent from last year. But that slight increase cannot keep up with demand growth "due to limited growth in refinery capacity," the EIA said.
Imports will have to make up the difference to meet demand. This summer's net imports of motor gasoline and blending components are projected to average a record 893,000 bpd, up 4.7 percent from last year.
But those foreign supplies "may be harder to obtain than in previous summers and are expected to be costly," the EIA said.
The House Energy and Commerce Committee began drafting an energy bill this week that would clear away some environmental restrictions so that mothballed U.S. refineries could be restarted or new ones built. On Wednesday, the panel voted to expand U.S. daylight-saving time by two months to help reduce energy consumption.
The Senate has yet to begin work on its version of an energy bill. However, neither the Senate or House bill would no short-term effect on lower gasoline prices.
dSWACizJSU
New Member
Fortitude said:
see just for nikkas like you, i am getting a lock cap for the tank :mrt: :teleport:
Olde Hornet
Well-Known Member
BluBlood said:
ROTFL ---
MANY euopeans have bicycles, motor scooters and motorcycles.
Check out the SMART car by Mercedes - the two door model is popular in the major capitals of europe --- Paris, Madrid, Rome etc...
http://www.thesmart.co.uk/index.html
Olde Hornet
Well-Known Member
:lmao:Fortitude said:
silentrage
Delta Girl
Fortitude said:
I thought the same thing until a few weeks ago. I was a bit wobbly at first but I got the hang of it.
silentrage
Delta Girl
BluBlood said:
I'm thinking about purchasing one this summer. I rode one first time in about 20 years when I was on vacation a few weeks ago. I didn't think I would remember how to do it, but I survived and didn't fall. :nod:
silentrage
Delta Girl
I make less trips. If I'm going across town I make sure I hit all of the stores I need to on that one trip.
Olde Hornet
Well-Known Member
It looks like americans are not really impacted by higher gas prices.
http://www.usatoday.com/money/industries/energy/2005-06-08-gas-demand-usat_x.htm
Drivers use more gas despite prices
By Barbara Hagenbaugh, USA TODAY
WASHINGTON ? U.S. drivers are using more gasoline despite near-record prices, a trend that could lead to even higher prices at the pump in coming weeks.
The four-week average for U.S. gasoline demand was up 2.9% from a year ago last week, which included Memorial Day, the unofficial start to the summer driving season, the Energy Department said Wednesday. That's the strongest year-over-year increase in four months and the sixth-consecutive weekly gain. Gasoline supplies could grow tight and prices rise if the trend continues, Alaron Trading oil analyst Phil Flynn says.
"Right now, supplies are adequate, but we are seeing warning signs that things could be changing," he says. Flynn notes that China also continues to have a strong appetite for oil, and that some U.S. refiners are switching some of their gasoline production to heating oil to cash in on an unexpected rise in prices in that market.
"We're still in a very volatile situation," Flynn says.
The increase in gasoline demand from a year ago comes somewhat as a surprise, given that prices are higher. When gasoline prices rose in October, for example, demand declined for four consecutive weeks from a year earlier.
American Petroleum Institute chief economist John Felmy says the increasing demand likely can be attributed to better weather, which encourages more car trips, and a strengthening economy, which leads consumers and businesses to drive more.
"It's everything coming together," he says.
Motorist club AAA said the average U.S. price for a gallon of regular unleaded gasoline was $2.118 Wednesday, up from $2.114 Tuesday and up 9 cents from a year ago. Although off from the record high, not adjusted for inflation, of $2.276 hit nearly two months ago, gasoline prices have risen every day for nearly a week, according to AAA. The increases have come as oil costs, which account for half the price of gasoline, rose in recent weeks in a roller-coaster market.
The price of light sweet crude fell $1.22 to $52.54 a barrel Wednesday after rising swiftly earlier in the trading day. It was the third-consecutive daily decline but still left prices slightly higher than a month ago and only about $5 off the record high hit in April.
Fred Rozell, retail pricing director at Oil Price Information Service, says given the usual lag between oil price changes and pump prices, not all the recent increases in oil prices have been passed through to gasoline. But while gasoline prices will likely continue to increase in coming days, the extent of the recent oil price gains were not enough to suggest gas prices are poised to surpass the records hit in April, he says.
http://www.usatoday.com/money/industries/energy/2005-06-08-gas-demand-usat_x.htm
Drivers use more gas despite prices
By Barbara Hagenbaugh, USA TODAY
WASHINGTON ? U.S. drivers are using more gasoline despite near-record prices, a trend that could lead to even higher prices at the pump in coming weeks.
The four-week average for U.S. gasoline demand was up 2.9% from a year ago last week, which included Memorial Day, the unofficial start to the summer driving season, the Energy Department said Wednesday. That's the strongest year-over-year increase in four months and the sixth-consecutive weekly gain. Gasoline supplies could grow tight and prices rise if the trend continues, Alaron Trading oil analyst Phil Flynn says.
"Right now, supplies are adequate, but we are seeing warning signs that things could be changing," he says. Flynn notes that China also continues to have a strong appetite for oil, and that some U.S. refiners are switching some of their gasoline production to heating oil to cash in on an unexpected rise in prices in that market.
"We're still in a very volatile situation," Flynn says.
The increase in gasoline demand from a year ago comes somewhat as a surprise, given that prices are higher. When gasoline prices rose in October, for example, demand declined for four consecutive weeks from a year earlier.
American Petroleum Institute chief economist John Felmy says the increasing demand likely can be attributed to better weather, which encourages more car trips, and a strengthening economy, which leads consumers and businesses to drive more.
"It's everything coming together," he says.
Motorist club AAA said the average U.S. price for a gallon of regular unleaded gasoline was $2.118 Wednesday, up from $2.114 Tuesday and up 9 cents from a year ago. Although off from the record high, not adjusted for inflation, of $2.276 hit nearly two months ago, gasoline prices have risen every day for nearly a week, according to AAA. The increases have come as oil costs, which account for half the price of gasoline, rose in recent weeks in a roller-coaster market.
The price of light sweet crude fell $1.22 to $52.54 a barrel Wednesday after rising swiftly earlier in the trading day. It was the third-consecutive daily decline but still left prices slightly higher than a month ago and only about $5 off the record high hit in April.
Fred Rozell, retail pricing director at Oil Price Information Service, says given the usual lag between oil price changes and pump prices, not all the recent increases in oil prices have been passed through to gasoline. But while gasoline prices will likely continue to increase in coming days, the extent of the recent oil price gains were not enough to suggest gas prices are poised to surpass the records hit in April, he says.