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(Bay News 9)   Gas prices forecast to go past four dollars a gallon on news that Windows 8 has picture passwords   (baynews9.com) divider line 110
    More: Scary, window, gas prices, passwords  
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2338 clicks; posted to Business » on 24 Feb 2013 at 12:22 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-02-24 12:25:26 AM  
In other news, I have gas
 
2013-02-24 12:35:53 AM  
Yeah... I'm a little tired of the same bullsh*t excuses over and over again, too

/just admit the real reason is "F*CK YOU, THAT'S WHY!"
 
2013-02-24 12:39:29 AM  
It could go to $20/Gallon tomorrow and most of us would have to pay it.
 
2013-02-24 12:44:38 AM  
In the SF Bay Area it's been over $4 for months.
 
2013-02-24 12:49:14 AM  
FTFA: We are now edging closer to the all-time high average price of $4 a gallon.  That was set back in July of 2008.

This is B.S.. Gas hit over $5.00 in 08. FFS, what with lay-offs and impending furloughs, this shiat is getting old
 
2013-02-24 12:49:32 AM  

Beerguy: It could go to $20/Gallon tomorrow and most of us would have to pay it.




Except for those that couldn't afford it.

Gas usage is elastic, no matter what economist say.

Demand is still down, so this is driven by traders, not usage.
i.i.com.com
 
2013-02-24 12:56:27 AM  

Hanky: In other news, I have gas


Strange, so does my dog.
 
2013-02-24 01:01:24 AM  

MaudlinMutantMollusk: /just admit the real reason is "F*CK YOU, THAT'S WHY!"


Basically.
It's really market speculation of essential goods that is killing us, but yes, it's done because "F*CK YOU, THAT'S WHY" .

Did you know the price we Americans pay in gas taxes at the pump is nearly equal to the subsidies we pay to the oil industry a year?

Me either, actually I was told this (no citation)... but a quick googlefu says:

-US uses about 70billion gallons a year
-Oil subsidies are roughly $50billion a year
So whatever the average tax/gallon is x usage.

Looks like we could further highball that first figure (already is), lowball the 2nd and we'd still see a below average tax %/gal that satisfies that statement.

/but we can't, because supply-side works so farking well for the fat cats
 
2013-02-24 01:02:59 AM  
Last year they were calling for 5$ gas.  Thank God oompa-loompa was there to put a stop to Obama's shenanigans.
 
2013-02-24 01:06:00 AM  

HempHead: Beerguy: It could go to $20/Gallon tomorrow and most of us would have to pay it.

Except for those that couldn't afford it.

Gas usage is elastic, no matter what economist say.

Demand is still down, so this is driven by traders, not usage.
[i.i.com.com image 620x346]


Supply, however, is not entirely elastic - it's driven by a mixture of prediction, availability, competing requirements (diesel, fuel oil), and [insert random economic, political, technical event or natural disaster here]. So even if demand is entirely flat, a glut of unleaded means prices go down, a refinery having unscheduled maintenance means it's going up.

The market is simply too big to tolerate collusion or manipulation on any time scale, and efforts to do so inevitably quickly collapse as soon as someone else wants in on the game (LIBOR), or an uninvolved party takes note and sees a personal risk in *not* blowing a whistle (Enron)

There's a reason you only see large groups of well-organized, career-level villains dutifully clocking in and out at cubicles in James Bond movies.

This clearly is the result of Windows 8 just being a horribly flawed idea, and has nothing to do with the security mechanism, QED.
 
2013-02-24 01:14:32 AM  
Having just bought an extened range electric car, I am getting a real kick out of this thread.
 
2013-02-24 01:19:01 AM  
It's been well over $4 in s. california for a long time.
 
2013-02-24 01:25:54 AM  

MaudlinMutantMollusk: Yeah... I'm a little tired of the same bullsh*t excuses over and over again, too

/just admit the real reason is "F*CK YOU, THAT'S WHY!"


this happens twice a year and whenever there is a major refinery fire/hurricane in the gulf.
We have little or no long term gasoline storage capacity (multiple reasons including: technical - water and greed - why spend money to make less profit?)
Every time they switch seasonal formula, there is "shortage" and price increases.
There was a major refinery problem/fire/explosion in CA which farks everyone else in the country.

Rinse and repeat.
 
kab
2013-02-24 01:44:19 AM  
Drive a car that takes premium, and you'll be laughing at this headline.  A lot.

Charge me more at the pump, I spend less on everything else to make up for it.  Pretty simple.
 
2013-02-24 02:16:39 AM  

Beerguy: It could go to $20/Gallon tomorrow and most of us would have to pay it.


Not really. I mean sure, I'll still buy gas at that price, but how I use it will change.

My habits have already changed. When I was a teen and gas was less than a dollar a gallon, woo-hoo! I drove everywhere. I drove just for the sake of driving.

At current prices, I plan shiat out. I have to drive somewhere? I might hit 5 stores along the way and get shiat I need -or really want just so I don't make separate trips. I consider carefully if I want to go halfway across town to my favorite sandwich shop....usually no.

At $20 a gallon? I would seriously consider walking. I could probably use the exercise anyway. Of course, I'll buy less since I can't easily carry as much on foot as I usually do when I take my car but that will happen. And I'm sure others will also walk more.

I might even get a bike.

And at $20 a gallon, that shiat you buy all the time....like food - everyone needs that, right? That will be more expensive too. I read a statistic long ago (sorry, no citation, but I do remember it well) that the average piece of food on your table in the US has traveled 1200 miles to get to you. It's hard to say how that translates into the cost since trucks are big and carry a lot of food, but at $20 a gallon, we're going to notice a difference at the cash register.

Would I buy a case of soda if I had to carry it home on foot or a bike? Hell no. I don't even know if I would still drink beer. I might have to switch back to liquor.
 
2013-02-24 03:08:40 AM  
Wait a minute. When Bush was in office you heard that it was all his fault for rising gas prices because he was manipulating gas priced to fill the pockets of all his oil buddies. Fast forward to today and gas prices are tremendously higher than when Bush was in office, yet I don't hear anyone blaming Obama. Either a President can or cannot manipulate gasoline prices. If a President can, then Mr. Obama deserves as much outrage as Bush got over the issue. If a President can't, then a big apology is called for by those accusing Bush of increasing gas prices. For the record, I don't think that a President can manipulate gasoline prices, especially in the short term. I think that policies set in place by a President can certainly affect prices in the long term.
 
2013-02-24 03:28:38 AM  

OBBN: I don't hear anyone blaming Obama


Ha ha. Good one!
www.lindsaytampabay.com
 
2013-02-24 03:52:44 AM  
Dear Sirs and Hers,

I saw a clip of your newscast. I thought I would give you an exclusive tip on another story in exchange.

Media Reacts: Rising Gas Prices Edition - CONAN on TBS
http://www.youtube.com/watch?feature=player_embedded&v=dAkxR9T01pw#!

photos.imageevent.com

I used to see gas running about 17 to 25 cents back about the time we still had real money. Lets just see how the magic timeless gas sign holds up to reality on two levels at the same time. One level paying with real money. The other paying with the counterfeit.

The last time I paid $3.959 a gallon in the counterfeit.

According to the Silver and Gold are Money Calculator I would have paid $0.19 in olden real money.

http://www.silverandgoldaremoney.com

Pay with silver...
$0.19 face value of US Silver Coins worth USD $3.96 **



So it seems some do need me to tell them gas prices are running fairly STEADY. The value of the dollar on the other hand...not so much.

Funny that I have been, and am being conditioned, to feeling I'm being ripped off...
I am, but not from the bogeymen that are on trial.
 
2013-02-24 03:53:51 AM  

OBBN: Wait a minute. When Bush was in office you heard that it was all his fault for rising gas prices because he was manipulating gas priced to fill the pockets of all his oil buddies. Fast forward to today and gas prices are tremendously higher than when Bush was in office, yet I don't hear anyone blaming Obama. Either a President can or cannot manipulate gasoline prices. If a President can, then Mr. Obama deserves as much outrage as Bush got over the issue. If a President can't, then a big apology is called for by those accusing Bush of increasing gas prices. For the record, I don't think that a President can manipulate gasoline prices, especially in the short term. I think that policies set in place by a President can certainly affect prices in the long term.


Derpity, Derpity, Derpity, Derp.
 
2013-02-24 03:56:45 AM  
this will be my solution. first i have to drop about 180.
pictures.topspeed.com
Honda Ruckus
 
2013-02-24 04:16:36 AM  
This time of year gas companies are transitioning to a cleaner burning fuel for the summer months, that costs them more money.  It could take a few weeks to a month before that transition is complete.

Didn't oil companies make over $18 billion in profits last year? So isn't this really just rape?
 
2013-02-24 04:41:46 AM  
HempHead: Except for those that couldn't afford it.

So you're saying that there will be fewer vehicles on the freeway during my commute?

// If gas goes up significantly, I can justify telecommuting more, then I won't even HAVE a commute some days of the week.

// the gas used in my daily commute is paid for in the first 5 minutes I work so I can't complain much.
 
2013-02-24 05:01:28 AM  
Also, I have stats (it's what I do for a living).

On 6/13/2006 I started logging my gas purchases

In the 2448 days that have passed since the first logged fill to the last logged fill

I spent $12669.49 to buy 3526.02 gallons of gas
I burned an average of 1.44 gallons per day at an average of $3.59 per gallon (about $5.18/day on gas).

The most I ever spent per gallon of gas was on 10/5/2012 and 10/11/2012 ($4.899 per gallon).

The least I ever spent per gallon of gas was on 12/16/2018 ($1.919 per gallon).

The longest I ever went between fillups was 22 days on 1/02/2007 and 1/19/2012 (I tend to travel in Dec/Jan because I already get time off for Christmas/new years and can combine it with vacation time to take most of the month off ... I was in India for 15 days in dec2011/jan2012.

The shortest I ever went between fillups was 1 day on 6/20/2010 (coming home from a bad Vegas trip, forgot to fill up before leaving Vegas proper, had to buy $40 worth of overpriced gas on the freeway, that was enough to get me back to San Diego but I had to drop another $53.27 to fill up the tank completely the following day).
 
2013-02-24 05:12:44 AM  
The election is over, why wouldn't it go up now?
 
2013-02-24 05:29:20 AM  

MurphyMurphy: MaudlinMutantMollusk: /just admit the real reason is "F*CK YOU, THAT'S WHY!"

Basically.
It's really market speculation of essential goods that is killing us, but yes, it's done because "F*CK YOU, THAT'S WHY" .

Did you know the price we Americans pay in gas taxes at the pump is nearly equal to the subsidies we pay to the oil industry a year?

Me either, actually I was told this (no citation)... but a quick googlefu says:

-US uses about 70billion gallons a year
-Oil subsidies are roughly $50billion a year
So whatever the average tax/gallon is x usage.

Looks like we could further highball that first figure (already is), lowball the 2nd and we'd still see a below average tax %/gal that satisfies that statement.

/but we can't, because supply-side works so farking well for the fat cats


That's some fine research work, Lou. :-)  Have another highball.
 
2013-02-24 05:42:50 AM  

lordargent: Also, I have stats (it's what I do for a living).

On 6/13/2006 I started logging my gas purchases

In the 2448 days that have passed since the first logged fill to the last logged fill

I spent $12669.49 to buy 3526.02 gallons of gas
I burned an average of 1.44 gallons per day at an average of $3.59 per gallon (about $5.18/day on gas).

The most I ever spent per gallon of gas was on 10/5/2012 and 10/11/2012 ($4.899 per gallon).

The least I ever spent per gallon of gas was on 12/16/2018 ($1.919 per gallon).

The longest I ever went between fillups was 22 days on 1/02/2007 and 1/19/2012 (I tend to travel in Dec/Jan because I already get time off for Christmas/new years and can combine it with vacation time to take most of the month off ... I was in India for 15 days in dec2011/jan2012.

The shortest I ever went between fillups was 1 day on 6/20/2010 (coming home from a bad Vegas trip, forgot to fill up before leaving Vegas proper, had to buy $40 worth of overpriced gas on the freeway, that was enough to get me back to San Diego but I had to drop another $53.27 to fill up the tank completely the following day).


You drive a deLoren?
 
2013-02-24 06:15:37 AM  
Time to trade the big diesel truck in on a small diesel car.
 
2013-02-24 07:38:05 AM  

Farkin Hillbilly: Time to trade the big diesel truck in on a small diesel car.


Actually, it was time to do that around 14 years ago.
 
2013-02-24 07:50:24 AM  

lordargent: The least I ever spent per gallon of gas was on 12/16/2018 ($1.919 per gallon).


I can't wait for gas to be that cheap in 5 years!
 
2013-02-24 07:52:54 AM  

OBBN: Fast forward to today and gas prices are tremendously higher than when Bush was in office


Maybe if you take a snapshot of one day he was in office.  We were this price or higher at some point when he was running things.
 
2013-02-24 07:56:31 AM  

HempHead: Beerguy: It could go to $20/Gallon tomorrow and most of us would have to pay it.

Except for those that couldn't afford it.

Gas usage is elastic, no matter what economist say.

Demand is still down, so this is driven by traders, not usage.
[i.i.com.com image 620x346]


That plot isn't saying what you think its saying.   The demand destruction in the plot coincides with the economic downturn.   It seems that when people have no jobs, they stop commuting and stop driving for pleasure.   That explains the drop in vehicle miles traveled.   The drop in production matches the miles traveled because most countries do not need the excess gasoline that our consumption drop freed up.   With the volumes that we are talking about, all available storage would fill up very quickly, and they need to slow production of gas.

The big problem here is that you are only looking at transportation usage of oil in one country.   And drop in the usage of US oil has been matched with increased usage of oil by China and India.   Globally, oil production is relatively flat and demand is still increasing.   The price of oil continues to rise as it is inelastic and irreplaceable.   Like others have mentioned, if gas was $20 per gallon, people would still buy it.

For many years, West Texas Intermediate (WTI) was the standard oil price that was quoted when people talked about oil, as it was a good grade, averaged price raw material.   Canadian oil sand production goes through a pipeline directly to the same market as US oils, and has created a glut of oil during a period of declining demand in this country, dropping prices through the floor.    WTI and LLS are US oils trading at roughly $90 per barrel in the past few months.   Other global oils (dubai, Brent) have been around $118.   Our prices have been artificially CHEAP compared to the rest of the world, and are now beginning to play catch-up.   This will only get worse as Canada starts to build and reroute pipelines to enable it to sell oil to countries other than the US.

Your gas station isn't gouging.   If anything, they are hurting with the low demand and high price sensitivity of the customer.   The refineries operate at a low margin, and they make their record profits on the large and ever increasing volumes of oil they process and ship globally.   The problem is the sources of oil are becoming more expensive to mine.   Gone are they days of hand dug oil supergiant gushers that pushed out oil on their own for years.   Now we are going after the hard to reach, smaller, and less willing to output wells, such as deepwater, oil sands, shale oil, and even oil in politically unstable regions.   There is plenty of oil left, but it will not come cheap.
 
2013-02-24 07:57:28 AM  
Great, next time I forget my password, I'll need to find one of these:
videogum.com
 
2013-02-24 08:02:01 AM  

HempHead: Demand is still down, so this is driven by traders, not usage.


Force the traders to accept delivery and don't let them unwind their trade. Watch 50 tankers show up at South Street Seaport and ask "So, Goldman Sachs... where you want it?"
 
2013-02-24 08:15:00 AM  
This is what Obama wanted. Same with al gore.
 
2013-02-24 08:31:58 AM  

OBBN: Wait a minute. When Bush was in office you heard that it was all his fault for rising gas prices because he was manipulating gas priced to fill the pockets of all his oil buddies. Fast forward to today and gas prices are tremendously higher than when Bush was in office, yet I don't hear anyone blaming Obama. Either a President can or cannot manipulate gasoline prices. If a President can, then Mr. Obama deserves as much outrage as Bush got over the issue. If a President can't, then a big apology is called for by those accusing Bush of increasing gas prices. For the record, I don't think that a President can manipulate gasoline prices, especially in the short term. I think that policies set in place by a President can certainly affect prices in the long term.


Sooooooooo..do you want an apology or not????
 
2013-02-24 08:39:00 AM  

badLogic: Having just bought an extened range electric car, I am getting a real kick out of this thread.


I commute 95 miles to work each way, I also tow a large boat, for the part of the commute that is over water, and a large Mexican family to help me launch the boat and get my truck into the boat, so it will never work for me...
 
2013-02-24 08:49:04 AM  

OBBN: Wait a minute. When Bush was in office you heard that it was all his fault for rising gas prices because he was manipulating gas priced to fill the pockets of all his oil buddies. Fast forward to today and gas prices are tremendously higher than when Bush was in office, yet I don't hear anyone blaming Obama. Either a President can or cannot manipulate gasoline prices. If a President can, then Mr. Obama deserves as much outrage as Bush got over the issue. If a President can't, then a big apology is called for by those accusing Bush of increasing gas prices. For the record, I don't think that a President can manipulate gasoline prices, especially in the short term. I think that policies set in place by a President can certainly affect prices in the long term.


Yeah, but Obama opened up large sections of desirable regions of the Gulf for drilling.   Under Obama's administration, over 400 leases have been opened up in the Gulf, more than any other president.   Not to mention blocking the Keystone XL pipeline which has been keeping oil prices low in the US.   Oil is 20-30 bucks cheaper in the US compared to the rest of the world right now, a record spread.   Obama has been extremely oil friendly, so is you outrage with him on how he has been trying to keep oil prices low, or did you not bother to look up his policies before unleashing the ignorant rage?
 
2013-02-24 08:49:43 AM  
You'd best get invading another oil-rich country under false pretenses quick America, that or finally for the love of god put your wall street on a god damn leash and stop letting it shiat on the petunias.
 
2013-02-24 09:04:27 AM  

lordargent: The least I ever spent per gallon of gas was on 12/16/2018


*furiously rearranges investments*
 
2013-02-24 09:05:37 AM  

OBBN: Fast forward to today and gas prices are tremendously higher than when Bush was in office


Did you forget who was President in 2008?
 
2013-02-24 09:10:53 AM  
For a country full of mouth breathers who like to get in a tizzy over the slightest outrage, why doesn't anyone seem to care about gas prices?  It's killing us.  You'd think our congress people would be running all over the place trying to fix the problem or come up with some solutions.  Instead we all just sit back and take it.

High gas prices affect:
Economic growth
food production
defense spending
political stability

Isn't there something there for everyone to get worried about?  And we can't seem to muster any concern.
 
2013-02-24 09:16:47 AM  

Champion of the Sun: You'd think our congress people would be running all over the place trying to fix the problem or come up with some solutions.


You would think, but outside of "Drill, Baby, Drill" and the Keystone (let's help Canada sell oil to China) Pipeline, nothing serious is being considered.

And neither of those will affect gas prices (at least in a positive way, the Keystone pipeline might actually raise prices in parts of the Midwest). It's all because demand is increasing worldwide. And unless demand for gas drops in places like China and India, I don't ever see gas prices going back down to where they were in the 1990's.
 
2013-02-24 09:29:32 AM  
We only have ourselves to blame for this. Had we thought about it and elected that buffoon Gingrich, we'd all be paying $2.50/gal by now.
 
2013-02-24 09:41:18 AM  
Already over $4 in upstate ny... We're just on the latest ratcheting upswing of futures market speculation... Will probably top out around 4.15-4.20 then fall back down to 5c higher than whatever the last local minimum was before the slope went positive.

Want to fix the problem? Mandate shipments of oil and gas in the US have to prove they have the facilities to actually take delivery of the amounts they order...

/small steps
//diaf Goldman and Sachs
 
2013-02-24 09:58:17 AM  
HMS_Blinkin: I can't wait for gas to be that cheap in 5 years!

OOps, 2008.

Tah Dah

http://money.cnn.com/2008/12/25/news/economy/gas_prices/index.htm

// been awake for too long.
 
2013-02-24 09:59:55 AM  
i think they should just make it a flat $4.20 and legalize pot while they're at it
 
2013-02-24 10:41:45 AM  
It's not

MaudlinMutantMollusk: Yeah... I'm a little tired of the same bullsh*t excuses over and over again, too

/just admit the real reason is "F*CK YOU, THAT'S WHY!"



A conspiracy theory is a theory with no evidence, right?

Doesn't that make you a conspiracy theorist?

There's plenty of evidence that the middle class is being strangled.  This is part of that.

/I own 2 small businesses, have two offices, and write off 80% of my travel.  I'm either going to give it to THE_IRS or my gas tank.
 
2013-02-24 10:44:22 AM  

Ecliptic: Already over $4 in upstate ny... We're just on the latest ratcheting upswing of futures market speculation... Will probably top out around 4.15-4.20 then fall back down to 5c higher than whatever the last local minimum was before the slope went positive.

Want to fix the problem? Mandate shipments of oil and gas in the US have to prove they have the facilities to actually take delivery of the amounts they order...

/small steps
//diaf Goldman and Sachs


Wouldn't that just encourage speculators to use foreign markets? You can buy from a computer in Chicago on a market in London as in NY
 
2013-02-24 11:16:07 AM  

kab: Drive a car that takes premium, and you'll be laughing at this headline.  A lot.

Charge me more at the pump, I spend less on everything else to make up for it.  Pretty simple.


Which is why the economy is in such a slump. All the money is going to one place. They are making record profits and everyone else is making record losses.
 
2013-02-24 11:21:24 AM  
I blame Obama for our high gasoline prices. He wants you to run out of money, so you have to drink his socialist kool aide.
 
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