-------------------- Five billion years from now the Sun will go nova and obliterate the Earth. Don't sweat the small stuff!
From: Boston | Registered: Aug 2003
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posted
Public transporation prices (along with everything ELSE) are sure to skyrocket, too, so hang in there 'til then!
I paid $2.74 a couple days ago, and now its $3.29. Outrageous.
I'm trying to figure out what to do to make up the diffference. Smoking will be the first thing to go, followed by comic books. From there, it's webTV and home phone. But I'll hang on to my cable and weekend boozehounding for as long as possible...
posted
The oil market is overbought. There will be relief within the next several weeks.
I was just watching the financial report, the technical analysis guy broke it down and all the the signals, (Stochastics MACD, etc) suggest a pull back soon.
But 20$ a barrel oil not anytime soon, if ever again.
From: Canada | Registered: Apr 2005
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Well I admit I thought I was in Europe today when the price was 1.33$C per litre or 4.27$US per gallon converted for you Yankees.
Still the spread between the prices between the two countries hasn't been this close since we socialized medicine. If Bush keeps this up, I'm sure the Canadian Dollar will be above par for the first time in a generation too.
From: Canada | Registered: Apr 2005
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I do hope the relief comes, but when it does, by then I've a feeling we may see prices drop from $4-$5 a gallon down to the "relief" of $3-$3.50 a gallon.
I'd still be unable to justify most of my frivolous doings-- including, ultimately, cable and even one night per weekend of going out.
I live too far from work to bicycle and don't know anyone in midtown I could carpool with. So right now gas is a mandatory evil for me, because I like my apartment and have to be able to get to work to pay for it.
At this point, it's simply matter of when I let fall the axe on everything else. It's very depressing.
posted
Driving to and from work for even just one day means I use a quarter of a gas tank.
From: If you don't want my peaches, honey... | Registered: Sep 2003
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posted
I stopped to fill up tonight. The price for regular was $3.19. However, they were out of both regular and super, so they let me fill up with premium, but only charged me regular price. The next 4 gas stations I passed were $3.69 for the cheapest stuff.
Outrageous!
-------------------- Some people are like slinkys: not really good for anything, but they bring a smile to your face when you knock them down a flight of stairs
From: Penthouse atop Levitz Hall, LMBP Plaza, Embassy Row, Legion World | Registered: Jul 2003
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posted
I get about 275 to 300 miles a tank which is about a week's worth of driving to work for me. And that's only if I go from home to work, no extra stops or trips to the store. Or like this week, having to drive another 20 miles to get downtown for meetings. When I filled up Tuesday it cost me $40 for a tank at, IIRC, $2.65 for premium (I know for a fact I get better mileage with premium over regular). Today it was $3.15 for the premium.
From: Utah | Registered: Jul 2003
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posted
There is a secondary reason for the rapid fluctuations that we see these days compared to say even 10 or 15 years ago.
The corporate sphere is totally infatuated with the concept of JIT (Just in time) delivery and production. Back in the old days inventory stores of raw materials, finished goods and production slack capacity, were larger these acted as both a buffer in case of supply disruption and a hedge against short term price shocks.
But as these things go there's been a huge management fad over the past decade or so now on IT systems for Supply Chain Management. The dumb dumbs of the boardroom and wall street equate SCM with JIT for some reason. SCM is really about selecting the optimal amount of slack for your industry not using a system that works for Walmart, Toyota or Dell.
The corporate world is off its rocker when they lean surplus refining capacity and inventories for oil products down to where it is now. It makes sense for JIT produce Camrys and Dells. However goods that are essential in an emergency, theres absolutely gotta be slack in the system. I'm telling you if there was ever a big supply shock in the winter there's a chance people could freeze to death waiting for heating oil.
From: Canada | Registered: Apr 2005
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posted
$1.37Cdn a litre ($4.93 US a gallon I think). I don't see people driving a whole lot less - many don't have a choice - long commutes, no public transportation.
Oil may be "technically" overbought (although I've also seen calls for a near-term upside of $83/barrel), I doubt we'll see the consumer price of gasoline come down much. Here it has gone down some days by 2-4 cents, only to keep rising. One step back, 10 steps forward.
This has got to be one of the greatest rip-offs going now. The govts in Canada and US are doing nothing to promote conservation (nothing serious - the one ton challenge is a joke) or develop alternative sources. I think Europe is ahead of us on this score - maybe because they've been paying high prices for fuel for years.
posted
Why conservation in Europe? Well taxes on energy, but the root is the Oil companies in Europe do not enjoy the same political influence that they do here. Many were nationalized early and brought under heel. They will never heel in the US, heck down there its a case of the government kowtowing to the energy interests.
Even up here FC, it's not gonna happen. We nationalized and denationalized Petro Canada. (I add we stupidly bought at the highest price possible and sold when the oil market was at it's lowest. Thanks.) Our oilmen will never be brought to heel either. 25 years after the National Energy Policy, they still call the Petro Canada building in Calgary Trudeau's finger. We're at least blessed that the industry haven't made us fight a war.
So FC I'll meet you at Trudeau's Finger in my Lincoln Navigator. Good times for all, I promise. Cowboy hats, steaks and Square dancing into the night.
From: Canada | Registered: Apr 2005
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