Gas Prices....Your Area
- Thread starter BADTODABONE
- Start date
Hey Hitman...What was the minimum wage in the 60's? $1.75?
7 X 1.75 = $12.25 and what is it today, $5.50?
:scared
Gas in Mexico is $2.13 a gallon.
7 X 1.75 = $12.25 and what is it today, $5.50?
:scared
Gas in Mexico is $2.13 a gallon.
An ARCO station, where I stopped yesterday was sold out of gas priced at $2.53. I had to go to Shell and pay $2.68.....
I know this is a topic for another forum, but you can thank Henry Kissinger for the gas prices. You see, back in the early 70's Saudi Arabia wanted to buy our military aircraft and weapon systems, but they didn't have the cash. Kissinger suggested they raise the price of crude and sell it to us, then they could use the money to buy what they needed.
It seemed like a good deal back then. The US gets the oil and our companies get the revenue from the sale of aircraft and weapons.
Now look at what a mess we've got.....
I know this is a topic for another forum, but you can thank Henry Kissinger for the gas prices. You see, back in the early 70's Saudi Arabia wanted to buy our military aircraft and weapon systems, but they didn't have the cash. Kissinger suggested they raise the price of crude and sell it to us, then they could use the money to buy what they needed.
It seemed like a good deal back then. The US gets the oil and our companies get the revenue from the sale of aircraft and weapons.
Now look at what a mess we've got.....
2.09 at Hess here in Manchvegas for 87 octane.
Guess that's not so bad and i should stop complainin'.....
Guess that's not so bad and i should stop complainin'.....
Talked to a guy yesterday about the gas prices and how it hurts the economy.
Alot of people are just staying home, paying bills, and not going anywhere.
If you were taking your spouse out to eat you may think twice about that drive. Same with movies, outside entertainment.
If there was a good alternative to gas, wow us Americans would jump on it. So our only choice is a ford focus. Take a vacation in a focus with a few kids and a dog. Come back and tell us what a great time that was traveling.
Alot of people are just staying home, paying bills, and not going anywhere.
If you were taking your spouse out to eat you may think twice about that drive. Same with movies, outside entertainment.
If there was a good alternative to gas, wow us Americans would jump on it. So our only choice is a ford focus. Take a vacation in a focus with a few kids and a dog. Come back and tell us what a great time that was traveling.
TALK ABOUT HITTING THE MIDDLE CLASS ECONOMY RIGHT IN THE BALLS.
GAS PRICES--- A SCAM, HEALTH INS. PRICES---- A BIGGER SCAM, MORE A MO. THAN SOME MORTGAGES, TAXES, 9.75% IN CENTRAL NY , SALES TAX, ALL INS. POLICIES , A SCAM, DO YOU SEE ANY INS. COS. GOING BANKRUPT, I THINK NOT , JUST THE PEOPLE PAYING THE PREMIUMS.
GAS PRICES--- A SCAM, HEALTH INS. PRICES---- A BIGGER SCAM, MORE A MO. THAN SOME MORTGAGES, TAXES, 9.75% IN CENTRAL NY , SALES TAX, ALL INS. POLICIES , A SCAM, DO YOU SEE ANY INS. COS. GOING BANKRUPT, I THINK NOT , JUST THE PEOPLE PAYING THE PREMIUMS.
Cisco, you are just guessing at $1.75.....It was like 85 cents in the very early 60's and in mid 60's was $1.00 then $1.05. It then jumped to 1.25, but I am not exactly sure when. So the equation still holds pretty much truer than you imply.
Most folks don't make minimum wage, so it doesn't have alot to do with it. And, the ones that do usually don't have a car anyway, so directly, the equation doesn't affect them.
Most folks don't make minimum wage, so it doesn't have alot to do with it. And, the ones that do usually don't have a car anyway, so directly, the equation doesn't affect them.
HITMAN
I remember gas in the 60's @ .25 cents a gallon, fipping burgers at A&W .90 cents an hour because I was 15. Minimum wage was $1.25 then, turned 16 and went for the big bucks sacking groceries, minimum wage up to $1.65/hr, 1970. Also remember as a kid when a 6 pack of Old Milwaukee was .39 cents on sale :scared :toast:
AND somehow gas went DOWN here, but not enough, .02 cents a gallon this am, back up a nickel when everyone goes back to work I'd bet
I remember gas in the 60's @ .25 cents a gallon, fipping burgers at A&W .90 cents an hour because I was 15. Minimum wage was $1.25 then, turned 16 and went for the big bucks sacking groceries, minimum wage up to $1.65/hr, 1970. Also remember as a kid when a 6 pack of Old Milwaukee was .39 cents on sale :scared :toast:
AND somehow gas went DOWN here, but not enough, .02 cents a gallon this am, back up a nickel when everyone goes back to work I'd bet
just bought gas today unreal out here
reg 87 255.9
89 2.61
high test 2.73
almost 100 bucks to fill the jeep and camaro, sucks.
reg 87 255.9
89 2.61
high test 2.73
almost 100 bucks to fill the jeep and camaro, sucks.
Crude Prices Continue Fall
By GEORGE JAHN
Associated Press Writer
VIENNA, Austria Crude futures slumped Monday, as OPEC pondered a possible output increase of half a million barrels a day beginning next month to help meet an anticipated demand surge in the second half of the year.
Analysts said crude inventory growth revealed last week by the U.S. Energy Department and speculative trading also weighed on prices. But they suggested that increased summer demand ? and potential refining bottlenecks ? could again turn the market higher in the coming weeks.
Light, sweet crude for May delivery fell 52 cents to $52.80 a barrel in electronic trading on the New York Mercantile Exchange by late morning in Europe, while heating oil prices were down nearly 1 1/2 cents at $1.4825 a gallon. Unleaded gasoline was fetching $1.5280 a gallon, down nearly a penny.
"Kuwait believes that the increase in production is still possible and may come in May due to the expected rise in demand by about 1 million barrels per day in the third quarter," OPEC President Sheik Ahmed Fahd Al Ahmed Al Sabah, also Kuwait's oil minister, said Sunday.
Qatari Oil Minister Abdullah al-Attiyah also said this weekend that a second output increase ahead of the Organization of Petroleum Exporting Countries' June 15 meeting was still possible. Recently, the 11-member cartel has been attempting to counter frequent price surges and a jittery market with announcements of production increases.
Demand is expected to rise in the third quarter due to the onset of the summer driving season in the United States, the world's biggest crude oil consumer.
Last week, the U.S. Energy Department said the nation's inventory of crude oil grew by 2.4 million barrels to 317.1 million barrels, or 8 percent higher than last year.
In Vienna, PVM Oil Associates GmbH said described the slump as a "temporary downward correction."
"If this movement can be pinned to any one event, it was probably the relatively bearish U.S. stocks data reports," the energy brokerage and consulting company said in a newsletter.
Analyst Alex Scott said a combination of the healthy inventory builds and OPEC readiness to boost the organization's output ceiling ? "perhaps intensified by some of the speculative trades on the market" ? accounted for the present drift.
But Scott, with Seven Investment Management in London, suggested the trend could be short-lived as increased summer demand kicks in.
"As the driving season starts and the air conditioners get turned on, we're going to see some more demand," he said.
Over the longer term, said Scott, bottlenecks in refining capacity also remain an issue "and can continue to create episodes of real tightness."
Vienna's PVM also warned of possible tightness ahead, saying that ? while "U.S. refiners do currently appear to be able to supply markets there amply ... it remains to be see whether this will still be possible later this year."
OPEC raised output limits by 500,000 barrels per day in March to 27.5 million barrels per day in a bid to cool prices. It left room for a second 500,000 barrels per day increase before a June meeting if prices failed to drop below $55. The group began talks on the second rise last weekend and said then it could decide within two weeks.
Oil analyst Peter Kemp in London told the Energy Intelligence Web site Monday that despite a five-day price slide last week, it's "seriously premature" to predict a burst in the oil bubble anytime soon.
"Prices are volatile but still well above $50 on both sides of the Atlantic," said Kemp. "The slight slippage of recent days was more of a reality check than a correction, in recognition of the build in inventories that will occur in the second quarter."
.......................................................................................
what a crock of horse patoot.
Increase demand, oil outputs ! What a laugh.
Consumers have no clue how much output, input, up the ars put
is going on with gas prices. Lets face it. We have no way of knowing what is going on and are forced to pay these gas gouging prices. They are going to put the small business owners out of business by the thousands.
Not sure what we can do but we better think of something. Notice Bush says nothing. This should be a major issue in my opinion. Fawk social security. Fix the gas problems!
By GEORGE JAHN
Associated Press Writer
VIENNA, Austria Crude futures slumped Monday, as OPEC pondered a possible output increase of half a million barrels a day beginning next month to help meet an anticipated demand surge in the second half of the year.
Analysts said crude inventory growth revealed last week by the U.S. Energy Department and speculative trading also weighed on prices. But they suggested that increased summer demand ? and potential refining bottlenecks ? could again turn the market higher in the coming weeks.
Light, sweet crude for May delivery fell 52 cents to $52.80 a barrel in electronic trading on the New York Mercantile Exchange by late morning in Europe, while heating oil prices were down nearly 1 1/2 cents at $1.4825 a gallon. Unleaded gasoline was fetching $1.5280 a gallon, down nearly a penny.
"Kuwait believes that the increase in production is still possible and may come in May due to the expected rise in demand by about 1 million barrels per day in the third quarter," OPEC President Sheik Ahmed Fahd Al Ahmed Al Sabah, also Kuwait's oil minister, said Sunday.
Qatari Oil Minister Abdullah al-Attiyah also said this weekend that a second output increase ahead of the Organization of Petroleum Exporting Countries' June 15 meeting was still possible. Recently, the 11-member cartel has been attempting to counter frequent price surges and a jittery market with announcements of production increases.
Demand is expected to rise in the third quarter due to the onset of the summer driving season in the United States, the world's biggest crude oil consumer.
Last week, the U.S. Energy Department said the nation's inventory of crude oil grew by 2.4 million barrels to 317.1 million barrels, or 8 percent higher than last year.
In Vienna, PVM Oil Associates GmbH said described the slump as a "temporary downward correction."
"If this movement can be pinned to any one event, it was probably the relatively bearish U.S. stocks data reports," the energy brokerage and consulting company said in a newsletter.
Analyst Alex Scott said a combination of the healthy inventory builds and OPEC readiness to boost the organization's output ceiling ? "perhaps intensified by some of the speculative trades on the market" ? accounted for the present drift.
But Scott, with Seven Investment Management in London, suggested the trend could be short-lived as increased summer demand kicks in.
"As the driving season starts and the air conditioners get turned on, we're going to see some more demand," he said.
Over the longer term, said Scott, bottlenecks in refining capacity also remain an issue "and can continue to create episodes of real tightness."
Vienna's PVM also warned of possible tightness ahead, saying that ? while "U.S. refiners do currently appear to be able to supply markets there amply ... it remains to be see whether this will still be possible later this year."
OPEC raised output limits by 500,000 barrels per day in March to 27.5 million barrels per day in a bid to cool prices. It left room for a second 500,000 barrels per day increase before a June meeting if prices failed to drop below $55. The group began talks on the second rise last weekend and said then it could decide within two weeks.
Oil analyst Peter Kemp in London told the Energy Intelligence Web site Monday that despite a five-day price slide last week, it's "seriously premature" to predict a burst in the oil bubble anytime soon.
"Prices are volatile but still well above $50 on both sides of the Atlantic," said Kemp. "The slight slippage of recent days was more of a reality check than a correction, in recognition of the build in inventories that will occur in the second quarter."
.......................................................................................
what a crock of horse patoot.
Increase demand, oil outputs ! What a laugh.
Consumers have no clue how much output, input, up the ars put
is going on with gas prices. Lets face it. We have no way of knowing what is going on and are forced to pay these gas gouging prices. They are going to put the small business owners out of business by the thousands.
Not sure what we can do but we better think of something. Notice Bush says nothing. This should be a major issue in my opinion. Fawk social security. Fix the gas problems!
