GAS 3.85 in Indy
 

Gas jumped to 3.85 before noon today???

:dologob:

Re: GAS 3.85 in Indy
 

I found this article interesting..

I'm really not here to scare you, but, get ready, I AM going to scare you.

The news got lots of attention: Goldman Sachs analyst Arjun Murti predicted Tuesday that the price of crude oil could hit $150 to $200 a barrel in six to 24 months.

Crude oil in New York promptly jumped to as high as $122.73 a barrel in New York before closing at $121.84. And, as I write this, crude was trading slightly lower in electronic trading. But it also had the perverse effect of pushing the stock market higher. Indeed, the biggest winners in Tuesday's stock market were oil and gas production companies, natural gas companies. (But not refiners; crude oil is rising faster than refiners can push their prices up.)

So, if crude jumps to $150 or $200, how does that translate into prices at the gas pump. Here's the scary part.

If crude hits $150 a barrel, we could be looking at $5 a gallon or so for the retail price of gasoline. That's based on Tuesday's $3.61-a-gallon national average and the rule of thumb that, for every $1 increase in crude oil, the pump price rises 5 cents a gallon.

If crude hits $200, the retail price of gas jumps to $7.52 a gallon. (Plus or minus a few cents) To fill the 10-gallon gas tank on my Honda Civic would cost $75.20, probably more because I live in Washington state, which has relatively high gasoline taxes.

Re: GAS 3.85 in Indy
 

Oil this time last year was 80 dollars a barrel and the price of gas hit 3.69. Best estimates at 120 a barrel are 4.00 max and a lot of that has to do with the switch to summer blends and not the cost of oil.

Heres my advice. Buy ten ten gallon gas cans, Fill them up in april and use them for the month of may.

The price of oil has little to do with gas prices anymore.

Your govt makes more in taxes and fees off oil than any oil company. YEAH it's time to b**** but at www.sentate.gov not to news agencies, not about Bush, Not about Halliburton but to YOUR REPRESENTATIVES.

Chuck, last to get 3.49 at the stations around here. When the cashier flys out the door to fill up herself. You know its comming and the roadsign changed as I was filling.

Re: GAS 3.85 in Indy
 

:eek:...$48.75 to fill my PT Cruiser this morning!:headbang At this rate I might have to borrow the bike from Shortbus.:O:

Re: GAS 3.85 in Indy
 

You might have to fight me for the chance to ride the bike!:rolling

RE: Gas is now $3.85 in Indy!
 

I found it pretty interesting that last week, while my wife and I were in Myrtle Beach, that gas hit at least $3.75 in Indiana. However, gas was $3.39 at some gas stations in South Carolina the whole week that we were there. The most expensive while in S.C. was around $3.45. Yes, it's still outrageous, but quite a bit cheaper than the Hoosier state...

Re: GAS 3.85 in Indy
 

Thanks for the gas update. Last December when I drove from Phoenix, Az. to Oswego N.Y., N.Y. state had the highest gas prices of any state I drove through. Now Indy gas prices have topped the Oswego gas price by 13 cents. Gas around Oswego ranged from $3.66 to $3.73 yesterday. Both the Federal Goverment and N. Y. State Officials are talking about cutting the gas tax for the summer. How long are they going to talk about it before they take action?

My plans are to drive back to Phoenix after my grandson Donovan's Christening May 18th. I can hardly wait to see what gas prices I will encounter on my trip home.


Patti

Re: GAS 3.85 in Indy
 

BOTH OF YOU MIGHT GET BIT IN THE ASS BY MY BIG BAD DOG :rolling

Re: GAS 3.85 in Indy
 

Just got this article off the web in reference to the price of gas:

Where to buy your USA-gas. This is very important to know. Gas rationing in the 80's worked even though we grumbled about it. The Saudis are currently boycotting American goods. We should return the favor by not purchasing gas from companies which import the gas from Middle Eastern oil countries.
The companies that do not import gas from these countries are: Sunoco, Conoco, Sinclair, BP/Phillips, Hess, Arco, Pilot, Flying J, Love's, Racetrac and Valero.

I sold my SUV for a Toyota. The problem is it cost as much to now fill up my Toyota as it did the SUV.:thumbsdown:

Re: GAS 3.85 in Indy
 

Goldman Sachs basically lifted that report from an analyst from a bank in Canada. The analyst in Canada reported basically the same thing 2 weeks ago and it fell on deaf ears, but when Goldman picked up on it and released it, the speculators freak even though the dollar had been up and our reserves jumped through the roof.

They make it become basically a self-fulfilling prophecy. Tell the speculators the sky if falling, they bite causing it to jump.

They are calling it an impending "Super Spike" in prices, but we are already in a "Super Spike".

I love it that they say America has to change it's habits. America changes it's habits and then they say that Global demand is up.

They say the dollar is weak causing the price to go up and then when the dollar goes up, they say that the strong dollar causes more demand.

The same "negative news" that causes $3-$5 jumps has no affect in driving costs down when it is "positive news".

Whenever there is strong news that should bring the cost back down, then there are a series of outages and terriosts attacks on pipelines.

Last week, it was announced that the dollar had strong gains and drove the cost down by nearly $10 a barrel. Oddly enough, a day or two later there where "reports" of a nigerian oil line bombing and that caused the cost to go up to where we are today. We are having "tight supplies".

We are in the midst of one of the greatest "cash grabs" in history and we will have to wait it out until it reverses.

Using the theory that oil is a limited resource suggests that it is worth infinity until it is replaced by something else. They sure as hell aren't going to let that happen.

For anyone who wants to see a smaller version of another "energy crises"(Man Made), rent "Smartest Men in the Room" It is the story of the Enron corporation and how the traders held states such as California hostage. I think it gives great insight into how the energy companies think.

Re: GAS 3.85 in Indy
 

I heard this morning that gas prices are supposed to peak at $3.73.


$3.73 > $3.80 :action-smiley-049:

Where does the money go?
 

Here's how the retail price of gasoline is split:
- Taxes 12%
- Distribution & Marketing 8%
- Refining 8%
- Crude Oil 72%

You can find similar numbers at various web sites. I got these from http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp

Re: Where does the money go?
 

I think a big issue around the midwest is the way Speedway works. They raise to 3.85, everyone else raises to 3.85 or close, then speedway lowers. And when Speedway goes up, it isn't just your area, they go up to a certrain price for the whole midwest. Usually Indiana and Ohio goes to the same price.

Re: GAS 3.85 in Indy
 

They make it become basically a self-fulfilling prophecy. Tell the speculators the sky if falling, they bite causing it to jump

Bingo, Which means we are no longer a free nation of free enterprise but a nation of blackmail and fear.

We did something about this once before. It was called the American Revolotion to get away from the tyrany of the king.

Sad but true, We put ourselves into this situation. If your gonna fall for every global warming scam. EPA declaration ect ect. EXPECT TO PAY FOR IT.

As for our representatives. I thought the BIG CHANGE last major ******** was supposed to change things for the better? It's because the heads haven't changed.

It's time to demand the good of 300 million be looked after and not PITA, Greenpeace, EPA, corporations ect.

The price of oil isn't what scares me. It's the price of everything that goes along with it.

Chuck

Re: Gas is now $3.85 in Indy!
 

We may have 'cheaper' gas, but we don't have any sprint cars.

Re: Where does the money go?
 

There is some truth to this. Marathon/Speedway/Gas USA sets the midwest pricing.

I haven't shopped, purchased anything from them in a year and a half. BP used to control pricing but has since actually has fell in line and sells better fuel. you'll actually get a couple miles per gallon better with it.

Chuck, who noticed a station on his way to Twin Cities a couple of weeks ago already at 3.75

Re: Gas is now $3.85 in Indy!
 

PJ, I feel your pain.:thumb

Re: GAS 3.85 in Indy
 

Is it a padded seat?:rolling

Re: GAS 3.85 in Indy
 

Monday gas jumped 28 cents overnight here in Bloomington, IL. It was $3.89.9, but it has dropped a whole penny today. Grandma Kim's rusty old Honda CRX still gets over 40 MPG at legal speeds, so I'm not riding my bicycle just yet.
I do worry about its reliablity (183,000+ miles!) if I go beyond the city limits anymore. Uncle Pat had to bring it home from Springfield in his quarter midget trailer recently when the radiator failed.
Maybe the gas is so high here because Big Oil found out that a certain major insurance company has put Big Spender (aka Go Fast) into our town with a company credit card :O:

Re: GAS 3.85 in Indy
 

http://www.gaspricewatch.com/usgastaxes.asp

I paid $3.39 just before it went to $3.65 here in Minnesota

Re: GAS 3.85 in Indy
 

Don't look now but gas north of Cincinnati is now $3.959.:censor::(

Re: GAS 3.85 in Indy
 

Same here in Kokomo at the early riser spots....Anyone want to by an Hummer H3? :headbang

Re: GAS 3.85 in Indy
 

395.9 AT SPEEDWAY IN TERRE HAUTE --- ALL OTHERS STILL ABOUT 3.77.9 --- WHAT A DEAL :thumbsdown: :thumbsdown:

Re: GAS 3.85 in Indy
 

it went to $3.95 in Brazil this morning

Re: GAS 3.85 in Indy
 

$3.95 at !0th & Lynhust DO

Re: GAS 3.85 in Indy
 

Florida $3.67( That Was 10 Minutes Ago So Who Know's Now)

Re: GAS 3.85 in Indy
 

$3.95 for Speedway in Piqua, OH, 20 miles north of Dayton,,:censor:

Re: GAS 3.85 in Indy
 

$3.97 in bloomington and $4.79 diesel what a bunch of s--t ! . May have to stop going racing if raise much more.

Re: GAS 3.85 in Indy
 

$4.05 in Remington north of Lafayette, IN

Re: GAS 3.85 in Indy
 

$3.99 in Grand Rapids and Lansing Michigan:(