I paid $3.03 (regular) in Indianapolis today, and I filled up feeling fortunate it wasn't higher. Considering "What The Market Will Bare" certainly is another aspect.. ; )
40 Oz gallon, right? (Imperial)
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Don't quite follow that but the Imperial gallon is approximately 4.5 litres and just a little bit more the US gallon is 4 litres or thereabouts so, the US gallon divided by 4 equals 4 litres so, at $4.00 a gallon, brings you to the result of $1.00 per litre Regardless of how many litres are in an Imperial gallon, which by the way, we do not work with here in OZ, as we have progressed Dorothy and we work with metrics. and as we all know, the measurement of a litre does not differ wherever you live so, the cost of a litre of fuel, gas to you, petrol to us, fuel to others, here in OZ, is $1.50 a litre Bringing up to the conclusion that we pay 50% more for our fuel than what you do Then again, we do pay a lot more for our cars than you Do you call them cars over there ?
True, but.... It will also mean many will have to get another extra vehicle. You can't tow a 21 foot runabout with a Volkswagen turbo diesel. You can't pull a bobcat or backhoe with one, either. Nor can you carry much mulch or gravel in a mini pickup, and a larger vehicle will be necessary to tote a new set of cabinets to their owner.
Factor in everyone paying more for _everything_ when fuel goes significantly higher. In the US, virtually everything a person buys has traveled by truck.
## Part of the difference is tax: California's is $46.6/gallon, Texas is $0.20.
## Of course that presumes the holdup on alternate energy is merely the price. What if the price is only ONE of the difficulties. For example, how much would it cost and how long would it take to outfit 300,000 gas stations to dispense hydrogen? Or how long to build generating plants to provide the electricity to charge electric cars? Would anyone STAND for a new generating facility in their neighborhood?
No, the real fix is for the United States (with UN approval) to declare the oil reserves of Arabia, Iraq, and Iran, to be "World Resources" and to take them over with a view towards fair distribution to all.
--------------------------- Thanks for the invite; however, long time ago I learned to limit my visits north to Jul 1 thru Aug 15, and then only if the mosquitoes file flight plans
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------------------ Not to belabor the point, but what is the population of Canada these days, 33-35 million maybe?
Small problem of scale with US population pushing 310 million, and even my adopted state of California is pushing 38 million.
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--------------------------------- Try some basic market factors at work.
Increased fuel costs dramatically increase production and transportation costs of food.
Increased demand due to the poorest citizens of the world are beginning to be able to buy some food.
World wheat crop shortages that have occurred do to weather problems induced by a warmer earth.
Drought in Russia and flooding in Australia have caused a shortfall in the world's wheat supply.
Can't comment on the rice and soy bean crops.
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----------------------------------- $. Never let it be said the oil industry isn't a greedy bunch. Off shore is lower cost than revisiting US existing fields.
New fields would require safety costs big oil would just rather avoid.
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---------------------------- I'm all for it as soon as they can solve the half life problem. Yucca mountain is not an acceptable answer IMHO.
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--------------------------------- Woke up and found someone had crapped in your flat hat I see.
Let's see, what percentage of the world's oil is shipped thru the Suez Canal these days, he asks?
I will add that prices at that station are normally less than the competition down the street. One block east and west regular goes for $2.99 and Premium is close to $3.30. The station I bought from simply decided to not gouge quite as deeply. A couple of weeks ago I saw gasoline go up by 15 cents per gallon at a local station. A week later they were back in line with the competition. They were trying to persuade the local competition to go up too.
The gasoline stations pricing strategy goes like this.
Raise the price for no reason other than to make more profit. Nothing wrong with that.
"Lew Hodgett" wrote in message news:4d6335ca$0$19197$c3e8da3$ snipped-for-privacy@news.astraweb.com...
Sorry, Lew, but I've seen just the opposite. They are drilling aplenty, all over South Texas. You can't swing a dead cat without hitting a drilling rig. Eagle Ford Shale is absolutely in play. Every morning [during hunting season] when I climbed up in my tri-pod in the dark I could count five or six lighted rigs not to mention three or four gas flares from recently completed sites, some as close as a half mile. Over the course of the season the locations would change as three to four weeks There are tank batteries and pipelines being built and the county roads and blacktops are going to hell because of the heavy truck traffic. Six or eight inch sectioned aluminum piping runs up and down county roads pumping brazillions of gallons of water to 'frac' wells that have completed the drilling portion of the operation. Loads by the score of base material for all-weather road access and five-acre pad sites are a real hazard on the dirt county roads. $90 and $100 and up/barrel is plenty of incentive for the majors to jump in. Even the Chinese ponied up several billions, buying a substantial share of Chesapeake's stake in the Eagle Ford You're right, the oil industry is greedy but so are farmers/ranchers who are getting $4500/acre [and up] bonus money for leases and as much as 1/4 royalty at the well head. I'm seeing LOTS of new John Deere tractors and new implements. And, new trucks; you see lots of new trucks parked at the drilling sites. Money is absolutely flowing.
My hometown is largely based on petro-chemica industry. (And bananas) I can't count how many oil guys I know who are very much in demand to drill, build related industries all over Canada. But the oil companies know a good thing when they see it: a conflict in Egypt.."Hey let's screw over our customers with a price hike" even though the actual amount of oil going through the Suez Canal is a mere pittance of what we need here. Ahhh yes, that good-ol' fear-driven marketing strategy, works in politics too."LOOK OUT!! A boogaboo under your bed!!!"
Healthcare is NOT free. In Ontario, all employers have to pay a premium for each employee, and each employee has to pay a premium for healthcare that is added on to the annual income tax total.
------------------------------------------- I've got to stop making all these "glittering generalities".
Let's start over.
The big boys are no longer involved with a lot of existing fields in the US, they have sold off those drilling rights and moved on, pocketing the easy money.
They are sitting on the development of existing leases they have, lobbying to get total control of all available drilling areas. (Think deep well, offshore in the Atlantic, Pacific, as well as the Gulf for examples).
The existing fields, sold off by the big boys, being operated by the
2nd or 3rd level players are another thing.
These companies can afford to put down another well in a known field at even $65-$75/bbl.
That is also going on all over SoCal, and while it puts a few bucks in some people's pockets, it does little to address our energy problems.
Not to mention the refinerys that go down for maintence or repairs. The local news paper tells us how this particular refinery in Oklahoma being down is going to affect the price of gasoline because of it not producing. BS! Any one refinery produces the "drop in the bucket" in the grands scheme of things.
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