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Old 03-23-2005, 07:31 PM   #15
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Join Date: Jun 2002
Location: Los Angeles,CA, USA
Posts: 19
ARCO 87 Octane Regular $2.27 in the San Fernando Valley, CA

UP from $2.17 in less than 2 weeks.

Here is the main INDUSTRY site (American Petroleum Institute) concerning fuel prices.

They talk about everything, fuel costs, refinnery capacity, weather, car fuel economy, etc.

Here is a GREAT pdf file.
NOTE: if someone can figure out how to post it, PLEASE DO SO.


Among other things, it has the breakdown of fuel costs. For every Dollar you spend at the pump, .51 cents is for the crude, .23 cents is Taxes, and .26 is for refining and marketing.

They point at both SUPPLY and DEMAND
Bold added by me.

Factors affecting the price of gasoline.

High crude oil prices
Prices have gone from $31 to
over $43 a barrel (about 29 cents
a gallon) since August 2003. Over $55.00 now
Restricted world supplies
Although OPEC has increased
production, it had cut production by
4 percent since December.
Political instability in oil-rich
nations has added uncertainty in
the marketplace.
The world's spare capacity to pump
more petroleum is limited to some
2 percent of total demand.Even if you find some more oil, it takes time and money to build pipe and pumps.
Strong global demand
Crude oil supplies are tight while
rapid global economic expansion
fuels record worldwide demand for
oil. Significant growth has occurred
in two segments of the worldwide
China: China's crude oil imports
grew 36 percent in 2003.Who knows what their increase was in 2004??
United States: The U.S. economy
has continued to grow steadily in
the last year, increasing the
demand for energy.

Tight gasoline markets for most of the year
Supply growth straining to
keep up with demand
Gasoline production this year is
running at record high levels, but
inventories are low, in part because
imports are down.
Gasoline imports down: Imports are
1 percent lower than last year's level.
New U.S. fuel specifications:
Exporters to U.S. markets may not
have made investments necessary to
provide new fuels required this season
and may instead be selling gasoline
elsewhere. Hey, I can sell my putrid gasoline in Yugoslavia or double/triple re-refine it for the American market. GUESS NOT.
High transport rates: Transport rates
have increased, making it more costly
to sell further from home.Tanker fuel, railroad fuel, truck fuel all UP. Electricity to run pumps and refinerys UP. It just cycles around and raises the cost of the fuel.
Low European inventories:
European inventories are also at low
levels and European refiners are filling
their own tanks first.
Political instability: Turmoil in
Venezuela, a leading oil and gasoline
exporter, has cut down the amount of
fuel available for the U.S. market.
Record refinery production but
constrained capacity growth:
Gasoline production is running at 3
percent above last year's level.
Environmental: Numerous and
changing fuel specifications require
massive environmental investments
$47 billion in the last 10 years. Summer gas, winter gas, MTBE gas, Oxygenated gas, California gas, Arizona gas, etc.
Political: Because of the not-in-mybackyard
syndrome, refiners are
finding it increasingly difficult to build
new refineries, pipelines or other
facilities to increase production. When was the last new refinery built in the USA?? The BP refinery that blew up has been in use since 1934!!!
Economical: Refiners have seen 10-
year average rates of return of 5.5
percent, compared to S&P Industrials'
12.7 percent. If it isn't paying off, why do it???
Strong demand growth
SUV growth: Sales of SUVs were up
18 percent last year, while car sales
were down 4 percent.
Growing U.S. economy: According to
the latest estimates, growth in
gasoline demand this year is averaging
1.8 percent above last year's levels.


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Old 03-24-2005, 03:21 PM   #16
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Location: Winnipeg, Manitoba, Canada
Posts: 191
Has anyone heard anything about a shortage of crude? I know that I sure haven't. I have to think that the crazy prices that we're paying (in Canada we pay approximately $4.60 per gallon) is being driven purely by speculators. Anyone else agree????

2002 Triple E Signature A3607GW

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Old 03-24-2005, 03:50 PM   #17
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In the Burbank Ca. area : regular is $2.33
High Test $2.45
diesel $2.47
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Old 03-24-2005, 10:49 PM   #18
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In the Banning, Ca. area the price of regular unleaded is about $2.35 per gallon. The price of diesel is $2.62.
Don W.

2002 Chevy 2500HD CC/LB D/A
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Old 03-25-2005, 03:16 AM   #19
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Location: MN,USA
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We did not learn from the past! In the 70s everyone got rid of the veicles that got 8 MPG and got smaller vehicles for going to work, store and etc. Gas price went down and people have money and they must have large heavy vehcles that get the saame or worse mileage than my MH just to go shopping. It is supply and demand. the world wants more and there is limited supply. Limit demand and price goes down!
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Old 03-26-2005, 12:14 PM   #20
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Location: Goodwater, AL
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Around here (Alabama) regular is 2.03 to 2.09 (at this moment). What ticks me off is many stations are going up on rates even before they get their next shipment! And Bush enjoys flying all over the country pushing his social security scam...I mean plan. Who's paying the gas for Air Force One? Taxpayers, I bet.
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Old 03-26-2005, 01:59 PM   #21
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Down here in the Detroit area we are at about $2.15 to $2.23 just for regular on The World Famous Woodward Ave. With everything going up but our wages, we just might be taking less trips this year. NOT!!! We can't wait to get out on the road. First trip is April 16th. Might have to take out a loan to fill the tank, but we're RV'ing.
Jim and Rene traveling with a 2003 Newmar Scottsdale and a 1996 Jeep Cherokee as our Toad.
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Old 03-26-2005, 02:25 PM   #22
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Just thought you would like to know, a speaker down in Perry Ga., in a get together with RVers said. RVIA, manufacturer's, oil exec's. and other wealthy vested interest scion's, do not think high oil prices will deter Rvers from hitting the road,or buying RV's. They believe an additional $500 to $1000 fuel cost per season will not effect any of us. Just thought this might make you feel better. Only kidding of course
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Old 03-27-2005, 02:23 AM   #23
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Flew over to Atlanta for a job interview and you would not think there were high fuel prices. The traffic was unbelievable. I know it is spring break, Easter, and the FMCA rally had just let out but even the locals were a little suprised as to the volume we were seeing.
I guess it is good that we are buying as much of it as we are; otherwise the taxes on the fuel will go up so the services these taxes pay for are covered.
By the way, I got the job .
Mike, RVIA & RVSA Certified Master RV Technician
Amy, Dr. Assistant - Roxie & Mei Ling, four legs each
2000 Gulf Stream Scenic Cruiser 450 hp & 1330# torque
06 Saturn Vue, 06 Chevy Z71 4x4 & 2014 Corvette Z51 M7
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Old 03-28-2005, 08:46 AM   #24
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Location: Somersworth, NH, USA
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I buy my Gas at an Optima station on Walmart property. Today it's $2.03 but with a walmart card it's $2.00

I work for an energy management company and the higher the cost of fuel the more work we have been getting. We are looking at big time overtime for our field guys this summer.

Profits are up. I get a very nice bonus. Pay it back out buying gas. The circle of money!!
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Old 03-28-2005, 09:11 AM   #25
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Gas is $2.22 in the Milw Area, Diesel is 2.29; flying J is 2.15 and 2.27. Wonder why the J is so cheap.

Has anyone heard the price of fuel currently in Europe?

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Old 03-28-2005, 04:49 PM   #26
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It is still much cheaper to buy gas in Buffalo at $2.25 a gallon for regular unleaded (even with exchange) than pay 90 cents a litre (approx 1 quart) on this side of the bridge.

$3.00 a gallon may cut the distance of a couple of trips but won't cut the number of them.

One daughter has Hockey Play Offs in Brantford in a couple of weeks and then, hopefully, camping will begin!

<span class="ev_code_GREEN">GO GREEN MACHINE!!!</span>


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