Gas Prices???
#1
Gas Prices???
Hey everyone. I was just wondering what the gas prices are in your neck of the woods. Here in MN (Minneapolis area) it is $1.79 almost everywhere. It was $1.59 at this time last week. And of course the prices are supposed to increase again for Labor Day weekend. Isn't that ridiculous?
1979 T-Bird
1982 Bronco
1979 T-Bird
1982 Bronco
#4
#7
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#10
#13
Gas Prices???
Santa Rosa Calif....
Costco (like Sams Club) 1.43 reg...
Food For Less (discount Grocery store) 1.39 with .05c discount if you buy groceries!New Station !!
Chevron 1.79
Shell 1.75
ARCO 1.43
There is only 4 refineries in the S.F. bay area SO some body is screwing US!!
I remember that when they built the Alaska Pipe Line that the crude went to japan NOT the US....
__JOHN__Õ¿ö
FTE Club #7
Member-
http://www.cruisin-north.com/
Santa Rosa, Calif.
72 F-250
ICQ#6030753
http://www.ford-trucks.net/users/jbhf250/
https://www.ford-trucks.com/pictorial/big/1972_f250_2.html
Costco (like Sams Club) 1.43 reg...
Food For Less (discount Grocery store) 1.39 with .05c discount if you buy groceries!New Station !!
Chevron 1.79
Shell 1.75
ARCO 1.43
There is only 4 refineries in the S.F. bay area SO some body is screwing US!!
I remember that when they built the Alaska Pipe Line that the crude went to japan NOT the US....
__JOHN__Õ¿ö
FTE Club #7
Member-
http://www.cruisin-north.com/
Santa Rosa, Calif.
72 F-250
ICQ#6030753
http://www.ford-trucks.net/users/jbhf250/
https://www.ford-trucks.com/pictorial/big/1972_f250_2.html
#14
#15
Gas Prices???
[font size="1" color="#FF0000"]LAST EDITED ON 28-Aug-01 AT 08:39 AM (EST)[/font][p]Around here (MI) it was up to $1.63/gallon for 87 octane...up from about $1.27 a few weeks ago. Unfortunately, this time we can't blame OPEC for it - it's just good old-fashioned American greed. Or capitalism, if that sounds better.
A bunch of refineries (more than normal) shut down for 'maintenance', so that they could push up the prices - apparently the refiners & oil companies felt that they were getting too low & that there was too much oil/gas on the market. So, they purposely restricted supply to pad the ol' profit margin - just like OPEC does, except this time it's U.S. refineries & oil companies that are doing it. I have an article from a few weeks back about it, perhaps I can dig that up...
Also, at least one refinery had a fire that put it out of commission for a bit...can't remember where it is though off the top of my head. Plus, there's the standard thing of raising prices for Labor Day weekend.
This is not really a good sign for future gas prices - if the oil companies decide that they want gas to be in the $1.75/gal range, they have the power to put it in that range regardless of whether we drill for additional oil or not.
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Just found the link to the article from about a month ago, but the article itself is gone. I'm pretty sure it was the right one - the title was "U.S. refiners slow output, citing weak demand and profit margins". Next time I guess I save the whole article instead of just the link. :-)
LK
A bunch of refineries (more than normal) shut down for 'maintenance', so that they could push up the prices - apparently the refiners & oil companies felt that they were getting too low & that there was too much oil/gas on the market. So, they purposely restricted supply to pad the ol' profit margin - just like OPEC does, except this time it's U.S. refineries & oil companies that are doing it. I have an article from a few weeks back about it, perhaps I can dig that up...
Also, at least one refinery had a fire that put it out of commission for a bit...can't remember where it is though off the top of my head. Plus, there's the standard thing of raising prices for Labor Day weekend.
This is not really a good sign for future gas prices - if the oil companies decide that they want gas to be in the $1.75/gal range, they have the power to put it in that range regardless of whether we drill for additional oil or not.
-----
Just found the link to the article from about a month ago, but the article itself is gone. I'm pretty sure it was the right one - the title was "U.S. refiners slow output, citing weak demand and profit margins". Next time I guess I save the whole article instead of just the link. :-)
LK