Location: El Pueblo de Nuestra Señora la Reina de los Angeles del Río de Porciúncula
Posted: Thu May 08, 2008 12:30 am Post subject: The Soaring Price of Gas (Petrol)
The reality (LA prices):
What it feels like:
(Although, I would've replaced "LOL" with "UGH" or "OW!". These prices are no laughing matter.)
Quote:
Americans sense $5 gas is near, and $122 oil says they're probably right
May 6th 2008 1:55PM by Joseph Lazzaro
American motorists, already stung by an 80% increase in gasoline prices in the past year, sense that $5 per gallon is ahead, and they may be (regrettably) right.
A CNN/Opinion Research Corp. poll found that 94% of respondents expect to pay $4 per gallon this year, and 78% expect to pay as much as $5, CNNMoney reported Tuesday.
The national average currently is $3.62 per gallon as tracked by the Lundberg Survey, Bloomberg News reported. Many higher-cost areas of the United States -- including New York, San Francisco, Los Angeles, and Boston -- are already experiencing prices over $4 per gallon.
Further, traders and analysts say seasonal, structural, and geopolitical factors are likely to push gasoline considerably higher in the weeks ahead -- with gasoline's upward arc lasting months, if the price of oil continues to rise.
Just gone up to slightly over R10 a litre. That's about one dollar thirty cents in your money, but heavily expensive for us. _________________ Toe ek jonk was, het ek al die antwoorde geken. Nou verstaan ek nie eens die vrae nie.
Here it's at $3.60 for regular, and rising fast. Andre, if $1.30 for gas is expensive, what is the normal price in South Africa? _________________ Currently learning:
Here it's at $3.60 for regular, and rising fast. Andre, if $1.30 for gas is expensive, what is the normal price in South Africa?
I'm not sure what you mean by the "normal price", we have one price throughout the country, as determined by the government. The price of petrol has risen a lot over the past few months, thanks to the bad management of our dear government. A few months ago, we still paid about R7 a litre, which would be slightly less than a dollar a litre. _________________ Toe ek jonk was, het ek al die antwoorde geken. Nou verstaan ek nie eens die vrae nie.
I think le prix à la pompe here is something like 1,40 €/l, probably a bit more than 2 $/l. But in France 75 % of the oil price is just taxes.
David wrote:
Here it's at $3.60 for regular
I guess it's not a price per litre but a price for 3,80 l. So that would be 0,95 $/l = 0,62 €/l, which is a very *cheap* price by French standards (not even 45 % of what French car-drivers pay).
Location: El Pueblo de Nuestra Señora la Reina de los Angeles del Río de Porciúncula
Posted: Fri May 09, 2008 4:53 pm Post subject:
greg in noord-frankrijk wrote:
I guess it's not a price per litre but a price for 3,80 l. So that would be 0,95 $/l = 0,62 €/l, which is a very *cheap* price by French standards (not even 45 % of what French car-drivers pay).
Ack! I don't speak metric! So if 1 US gallon = 3.785 liters, and the price of gas is around $4.00 a gallon... am I still paying less to fill up a tank than you all over there in Europe?
Btw, the way you all write your currency amounts confuses the heck out of me!
Hmmm... in New Jersey, it's still $3.45/gallon for regular. I'm in the District of Columbia now, though, and the range is $3.65-$3.70/gallon...
I want to go back to Jersey... _________________ "Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." ---- Groucho Marx
What is the percentage of cars run by natural gas in your countries? Here in Poland it was really fashionable to convert cars from petrol-driven to natural gas-driven some 5-10 years ago. I don't know the situation right now but natural gas is not as cheap as it was (it used to be half of the petrol price) and natual gas-driven cars tend to explode more often
What is the percentage of cars run by natural gas in your countries? Here in Poland it was really fashionable to convert cars from petrol-driven to natural gas-driven some 5-10 years ago. I don't know the situation right now but natural gas is not as cheap as it was (it used to be half of the petrol price) and natual gas-driven cars tend to explode more often
Same in Australia, everyone was converting to gas.
I don't drive around because I don't need to but last time it was about $1.40-5 per litre; amazing considering when I started driving in 1994, it was $0.6 per litre....
$3.75 at Chevron for regular unleaded! And the supreme (high octane) was $3.99! Highway robbery! I nearly had a heart attack -- that's the most I've EVER seen on a gas station sign! I know the day is coming when that 3 flips to a 4, but I don't think I'll ever be prepared for it -- I can still remember paying 98 cents a gallon 12 years ago!
Yeah, those .9's after the gas price are bizarre even for us, because generally speaking, there is no real denomination smaller than a cent. In the financial world cents can be divided into mils, but those are imaginary accounting fractions that have no physical counterpart. So in everyday terms, the only time you do see fractions of a cent IS on gas station signs, and they are ALWAYS .9 -- never .6 or .2 or anything like that. So in my opinion they really amount to nothing more than a marketing strategy to make you think you are really paying $3.59, rather than $3.60. (And I am happy to report that the ghetto gas station down the road from Chevron is still priced at $3.59 -- fuck the Techron!) However, I suspect the .9 is really related somehow to the price of a barrel of petroleum, which I hear just hit over $123 a barrel, and is now making it profitable for private citizens to open up long-defunct small wells in such areas as Pennsylvania.
Elaine, as far as European numbers go, the whole comma-as-decimal-point always looks weird to me. And the liters-to-gallons conversion is always a headache, too -- I always have to remind myself that you have to multiply their prices by almost 4 to get a rough equivalent, along with having to know what the exchange rate is -- I usually just give up and figure that if it's Euro gas, it must be damned expensive, and leave it at that.
Petroleum prices are impacting more than just my car, though. I mean, as a westerner, I live in my car -- everything out west is very far apart and there is no mass transit to speak of -- you will be driving, and driving a lot. But as a buyer of medical supplies, I am also seeing all of my product costs go up, as most of them are made out of plastic and plastics are a petroleum derivative .... there goes my beloved quarterly bonuses, if I don't start scrambling for better deals now! _________________ An apple a day....
Ack! I don't speak metric! So if 1 US gallon = 3.785 liters, and the price of gas is around $4.00 a gallon... am I still paying less to fill up a tank than you all over there in Europe?
Basically if your car's tanking capacity is 50 litres (13,20 gallons), you'll have to pay roughly 70 € to fill up — that's 108 $ approximatively. Out of those 70 €, almost 53 end up in the pockets of the taxman : you pay 17 € (26 $) for driving & at the same time kindly provide Bercy (internal revenue headquarters in Paris) with 53 € (81 $) in fa(s)t cash.
KSa wrote:
What is the percentage of cars run by natural gas in your countries? Here in Poland it was really fashionable to convert cars from petrol-driven to natural gas-driven some 5-10 years ago. I don't know the situation right now but natural gas is not as cheap as it was (it used to be half of the petrol price) and natual gas-driven cars tend to explode more often
Wikipédia claims there are some 200.000 GPL-equipped cars in France. Oddly enough, the French parc automobile is very small : 36.000.000 (I don't know if that's only households or company cars included). So basically the French GPL rate is around ½ % — not much...
Just yesterday at noon, the four major petrol pumps colluded together to raise their prices once again. Talk about a classic oligopolistic situation.
As it stands, the price per litre can run the gamut from S$1.833 (USD 1.222) for diesel to S$2.40 (USD 1.60) for the highest petrol grade. Driving is really becoming a prohibitively onerous thing to do in Singapore. _________________ Hillary Clinton is an acquired taste which I have clearly yet to acquire.
One car manufacturer here (I forget which one) recently ran a hilarious ad, in which it advertised the low price on one of its models, saying that: "Now you can afford that tank full of petrol you've been saving for." _________________ Toe ek jonk was, het ek al die antwoorde geken. Nou verstaan ek nie eens die vrae nie.
In France more and more oil thefts are reported and fishermen are on strike : they want a 0,40 €/l price at the fuel pump garanteed by the State, vs 0,75 €/l now (that's 2,40 $/g vs 4,50 $/g now). I believe Spain, Portugal and Italy are striking too.
Il learnt that Italy is about to resume (or start ?) its nuclear programme. The UK started a policy of facility renovation a few months ago. And, of course, Iran is still implementing its nuclear industry since its refining capacities can't meet its own domestic demand.
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