question about your local gas prices

[Doug McCue]

It is often forgotten the amount of taxes on a gallon of gas.

[DrJRacing]

Taxes, geographic location,governmental regulations give New Zealanders gas @$ 2.15 Kiwi dollars per LITER= approx $ 6.40 American dollars per gallon. No wonder they all drive on the wrong side of the road! I recently tried to show em the correct way. They didn't figure it out.
Doug Jonak

[John Musial]

Originally Posted by joespanova

Why the hell do you give a s**t? Whats your return thru oil anyway?
Another vested big oil sympathizer.

Not a sympathizer at all...............they have just been nice enough to give me a paycheck every 2 weeks for the last 25 years. Also own a couple shares of the stock too!!! SXL if your interested. One of the best MLP's to own.

[joespanova]

Originally Posted by John Musial

Not a sympathizer at all...............they have just been nice enough to give me a paycheck every 2 weeks for the last 25 years. Also own a couple shares of the stock too!!! SXL if your interested. One of the best MLP's to own.

Most do not enjoy this luxury....for a variety of personal financial reasons , are not in a position to either. Don't "trumpet" the generousity of the oil companies , because the GREED you enjoy comes at the expense of many others.Remember that..........oh , I know , its always about people like you who live in a world with a hedonistic mentality.

[John Scott]

Where I live, gas prices are regulated and can only be raised a maximun amount per week, once a week (Wednesday at midnight, I think it is).

It's not an apples to apples comarison but I did the conversion and the last time I bought gas it was probably somewhere around 5.00/US gallon

[Bruce Schoenbaechler]

here in South Carolina we have some of the cheapest gas prices around, due to a low state tax(only 16 cents) a gallon. Gas right now is $3.09....last week $2.98. But the state politicians are looking into raising the tax....by calling it a "fee". They want to allocate all the increase to road repair, saying that the increase is not a tax because it is earmarked for one specific reason. Blah, blah, blah....

[michel426]

Hi guys!.Here in Granby,QC,Canada (near Montreal) reg is 1.37 a liter ,so about $5.19us a gal.

[71lemans]

Remember the "Drill baby Drill" people a few years ago. They were saying if domestic production was increased how the gas prices would go down.

Well I am still waiting.

[Michael Beard]

Question the premise. Look beyond gas.

While increased supply and lower prices would be great for everyone, the idea that gas can magically be $2/gal again is a dream. The profit margin on gasoline is about 8 cents per gallon. They could lower prices $.08/gal, basically giving their product away, and any market fluctuation would make them go from making billions to losing billions in a heartbeat. When you're selling billions of units of any product, you're *going* to make a lot of money.

The real culprit of high prices: The Federal Reserve. It stuns me how many people don't know that the Fed is NOT a government-run agency. The Fed has been pumping a STAGGERING amount of unbacked currency into the system starting out with $3 Trillion in "stimulus" and then hiding an additional $1 Trillion per year right out in the open under the name "Quantitative Easing". Maybe the public would pay more attention if they called it counterfeiting. We are essentially buying our own debt. The devaluation of our currency through the massive increase in the money supply causes prices to rise. It's called inflation. Anyone that actually shops knows that the CPI measurement of inflation is as bogus as what they call "unemployment".

The only reason we haven't gone completely over the cliff is that the funny money on the books has been bottlenecked in the banks. Banks get money from the Fed at near-zero interest, and sit on it for a 3% return. They have no incentive to lend. If the Federal Reserve turns off the spigot, the markets will crash. If banks let the money supply spike out into the public, hyperinflation destroys the economy. If the Fed doesn't stop manipulating our currency, other countries may stop lending to us, credit rating gets downgraded further, interest rates rise, and destroys the economy. Probably the only thing keeping everything going right now is that other countries are doing it too.

Quite frankly, I don't see a way out. The math doesn't work, and no one's really interested in actually fixing the problem. It needed to be set on the path to be fixed a dozen years ago.

[supergas4]

$2.89 for regular.$3.59 for diesel in Waco,Texas