Your original comment:
Date: Tue, 15 Apr 2008 10:59:17 -0500
Local: Tues, Apr 15 2008 11:59 am
Subject: Re: 40 gal just not enough: Replacing water heater for 2400
I usually go by the official national average. You could hardly call
HI a normal place.
Make up your mind - are you going by the national average or what the
absolute lowest price gas is in a 20 mile radius?
Actually, you don't have to - your opinion on where gas is going
doesn't mean anything. It's also a spurious argument to rely on the
lowest gas price listed on something like gasbuddy.com.
I'll check back with you in a month and see if you've learned to say,
"Oops, I was wrong."
I don't work in this industry and I'm by no means well versed in its
inner workings, but I think it's pretty much a given that we'll be
hitting the $4.00 mark throughout much of the United States in the
coming weeks. I'm already paying $1.21 per litre or $4.55 per gallon
for regular unleaded here in Nova Scotia and we're told we can expect
to pay $1.30 or more by May ($5.00+ a gallon).
Nymex crude is trading at $112.08 a barrel as we speak but, more
importantly, the crack spread between crude oil and wholesale gasoline
is razor thin. That being the case, refiners have no real incentive
to build inventories because there is no financial gain (hard to
believe, but refiners -- the smaller, independent players in
particular -- are being squeezed by high crude oil prices just like
everybody else). Gasoline supplies will tighten going forward due to
reduced refinery output (utilization levels have been steadily falling
in recent weeks) and this will ultimately help boost margins in due
course and, of course, retail prices. Be assured, the consumer won't
come out as the winner.
The chart on this page pretty much tells the whole story:
On Tue, 15 Apr 2008 00:18:09 -0300, Paul M. Eldridge
Crude oil is now trading in excess of $116.00 a barrel and according
to this news item the DOE is forecasting $4.00 gasoline in many parts
of the U.S. in the coming weeks -- the national average price for
regular unleaded currently stands at $3.445, up another 2.7 cents
With regards to natural gas, the Nymex Henry Hub price is up 6 per
cent this week, trading at $10.59 per MM BTU -- this price has
*doubled* in the past eight months alone. With further expected
declines in conventional and LNG imports, and as we start to move into
the hot summer months when utilities run their gas generators flat out
to meet increased air conditioning loads, we can expect even greater
upward pressure on price.
On Fri, 18 Apr 2008 14:40:58 -0300, Paul M. Eldridge
This Bloomberg news item just came over the wire. It tells us Goldman
Sachs has revised its forecast for natural gas prices this coming
winter to $13.00 per MM BTU, up from $10.50 -- a 24 per cent increase
over their previous estimate. Don't be surprised if this projection
gets ratcheted-up further if we have another hot summer and storage
levels remain below their five-year historical averages.
If you haven't already taken steps to reduce your home's energy
demands, I wouldn't advise putting it off much longer.
Great information, not sure it belongs in this discussion.
My house produces more electricity than I consume and my higest gas
bill last winter was $80.00
Think and do Whole House Performance, if your contractor is not ask
him/her why not, then show your support by hiring their competition
On Sat, 19 Apr 2008 20:07:53 -0700 (PDT), Andy Energy
I've taken this conversation way off-course, but the key point to take
away is that the era of cheap energy is rapidly coming to a close and
that most of us are ill-prepared to make the transition. And it's not
just a matter of cost -- we need to prepare ourselves for a supply
situation that could be far more chaotic than in the past and that
could potentially affect our lives in ways most of us can't even begin
to imagine. We're already starting to see evidence of this elsewhere
in the world and it would be naive and, indeed, arrogant to believe
we're somehow immune from all this given that, for the most part,
we're at the tail-end of the supply chain. Keep a close eye on the
natural gas market -- the next couple of years are going to be rather
Oh, I see, I didn't understand your position. You're giving advice on
a newsgroup that has readers from all over North America, and a number
from other continents, but you're giving advice based on what's
happening in your backyard. Why didn't you say so? It would have
saved us all a lot of time.
As far as the price of a gallon of gas, I'm seeing northwards of $3.50
for the cheap stuff, and going as high as $3.70. Considering the
total clusterf that's going on with the economy and the exchange rate,
I think you're a very optimistic man. More power to you!
Only a few farmers from the Wizard of Oz live in Kansas, its hardley a
place gasolene prices matter compared to LA, Chicago or NY, I mean
Kansas WTF. OK im BSn,,, but its all near 4 a gallon , and Barker is
still full of shit, as he has always been ....a man of no facts, just
$ 3.09? You must be living in a time warp. Look at our prices in San Diego.
At 3.87, and climbing every day.
Mostly because of Mr. Greenspan and his insane "monetary accommodation". The
dollar has lost 30% of its value and, naturally, we have to pay more dollars
for the same amount of oil.
Boy Barker lives in a time warp, the average price of mid to high
grade in CA just hit an avg of 4$ a gallon with oil at $114 a barrel,
anyway who lives or cares about Kansas`s prices, I mean how many
people live in Kansas, well not many, as I read it.
Dumb Ass Doggie S. Barker from dog cans ass, can`t read, he always
barks bs when he posts.
Way to go SB
But just 16 months ago, many of us were paying just over $2.00 a gallon in
Greenspan's "monetary accomodation" began in the late 90's and continues
today. So why the CURRENT price surge, and why did it take so long to hit
The price of gas, like all things, is being manipulated by the puppet
masters of the world. According to the Wall Street Journal, if based on
supply and demand, it would be about $1.50. In California there are two
refineries, and they take turns shutting down for one phony reason or
another, to artificially exacerbate the "shortage."
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