$5.18 a gallon - ouch

[haulnazz15]

Re: $5.18 a gallon - ouch

Well, my main beef is why the need for a price increase at all? Analysts really don't see any meaningful "interruption" in end-supply, they just see any reason to spike prices and take advantage of it. We could stop all domestic refineries for a month and still not see supply shortages due to the amount of fuel we have in storage at any given time. If you have 500 gallons in a tank, and you stop filling the tank for a week and still have 400 gallons in it at week's end, your engine doesn't stop running. I understand gas prices fluctuations, but the reasoning they provide for them is ridiculous at best, and possibly even malicious at worst.

 

[Grub54891]

Re: $5.18 a gallon - ouch

One pint of water at the gastation,$1.00 + you think gas is pricy??lol

 

[tpenfield]

Re: $5.18 a gallon - ouch

Gasoline for automobiles has been trending down for the past couple of months, but is seems that marina gasoline prices have trended upward or at least stayed at/near previous highs.

Maybe we boater's should play a little supply & demand game of our own . . .

 

[canmaker]

Re: $5.18 a gallon - ouch

hi everyone , in Canada we are in litres , I think it takes 4.5 litres to make a gallon , I just got gas for my truck and it is a 1.25 a litre , think about ..

 

[tpenfield]

Re: $5.18 a gallon - ouch

3.8 litres per gallon So, about $4.75 / gallon

 

[Tail_Gunner]

Re: $5.18 a gallon - ouch

The worlds greatest scam is about to come to a end......

http://www.reuters.com/article/2013/05/09/column-campbell-idUSL2N0DQ1NS20130509

Analysis: Collapse in Brent-WTI oil spread spooks refiners, railways | Reuters

We don't want to end up with too much capacity in the long run."

Bakken, Three Forks Has More Oil Than 2008 Estimate: USGS - Bloomberg

The single largest deposit of oil in the world.....More oil than all the combined oil reserves

An American Oil Find That Holds More Oil Than All of OPEC - ABC News

Both the GAO and private industry estimate the amount of oil recoverable to be 3 trillion barrels.

"In the past 100 years — in all of human history -- we have consumed 1 trillion barrels of oil. There are several times that much here," said Roger Day, vice president for operations for American Shale Oil (AMSO).


If you do some indepth reading you will find we cannot ship oil out of the plains state's simply because of limited rail car capacity...

Now why was the pipe line coming out of Canada blocked..to prevent both Candain and Bakken oil from flooding and i mean flooding the world market's.....I could easily go pololictical here but this is beyond that...How much longer will you tolerate this..just look in the mirror because no one else will.

 

[Bronlonius]

Re: $5.18 a gallon - ouch

Maybe this isn't true anymore, but a few years ago I read that extracting usable oil from shale was highly inefficient. To the point that it used more energy to extract than what it yeilded. I'm sure there are other things like profits, supply/demand politics, etc that affect this as well, but the article I read suggested that there were technologies in development to extract it more efficiently, but that they weren't there yet.

 

[crabby captain john]

Re: $5.18 a gallon - ouch

Filled the truck in SC yesterday at $3.17. The boat gets filled today. It will be a week or more before the invoice comes but I'm guessing around $4.50. Boat gas is 90 octane ethanol free while truck gas is just regular.

 

[Tail_Gunner]

Re: $5.18 a gallon - ouch

Maybe this isn't true anymore, but a few years ago I read that extracting usable oil from shale was highly inefficient. To the point that it used more energy to extract than what it yeilded. I'm sure there are other things like profits, supply/demand politics, etc that affect this as well, but the article I read suggested that there were technologies in development to extract it more efficiently, but that they weren't there yet.

A old wives tale shale oil can be produced at 30 a barrel..as to energy used to produce it..you do know where there is oil there is natural gas it is burned off simply to dispose of it...

IoB-Burning Off Natural Gas | Flickr - Photo Sharing!