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Smells like Bananas
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3.70 for a gallon of gas here when its .12 cents for a gallon in Venezuela. I dont know how old this is or how arrcurate it is since it is from the CNN website but even if its within a dollar from the truth it still sucks

CNN/Money: Global gas prices
 

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As much as I hate to say that the Communist News Network is right, I think this info is accurate. :kill:
 

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we need to quit our complaining and count our blessings. 5.10 a gallon for diesel in Vancouver, BC, $10 bucks a gallon in Europe....we have it good.
 

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Smells like Bananas
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its only a matter of time. we will catch up. we need to complain, we need to do something about it but what though????????? Is there anything that we can do to stop the maddness. the next thing you know we will be thinking back to when 5 dollars gallon was a good deal.

you say count our blessings that its not 10 dollars, It will be, a quarter at a time.
 

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Oh, it definatly will be soon enough. I remember seeing $1.87 a gallon and saying "maaaaan thats expensive".

I invest in oil stocks so i'm not really all that dissapointed but i am scratching my head. I can't figure out why its as high as it is. Demand has fallen around the world but still it gets higher.

I do think however eventually, not now the bubble of oil will burst. I can see $100 a barrel, but that extra 29 or so dollars is mostly specualtion, and unsupported cost.

But at the end of the day its what is paying for diesel in my tank.
 

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Smells like Bananas
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Oh, it definatly will be soon enough. I remember seeing $1.87 a gallon and saying "maaaaan thats expensive".

I invest in oil stocks so i'm not really all that dissapointed but i am scratching my head. I can't figure out why its as high as it is. Demand has fallen around the world but still it gets higher.

I do think however eventually, not now the bubble of oil will burst. I can see $100 a barrel, but that extra 29 or so dollars is mostly specualtion, and unsupported cost.

But at the end of the day its what is paying for diesel in my tank.
i can agree with that. I think alot has to do with the weak dollar but who the hell knows.
 

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i can agree with that. I think alot has to do with the weak dollar but who the hell knows.
that is one of the reasons. Bieng in dollars its now cheaper to buy more oil at the "same price".

This is a good time to get a veggie conversion though. I'm researching for mine right now. Plant drive seems like a good kit.
 

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Yes, those folks in Europe pay more for fuel than we do; however, they have wonderful mass transit in both bus and trains. The only choice I have is to walk or drive due to the lack of both bus and train service.

It wouldn't surprise me to find out that Iran and Venezeula are not the ones driving up the oil futures prices. Our economy is based on cheap energy and they know that. They also know that they can't defeat the U.S. with military might; however, they may think that they can destroy our economy. Just my .02.
 

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I have a question though, diesel in my town is 4.99 a gallon at most and 4.75 at others. I think its complete garbage but hey I make bio so its doesnt directly affect me but again I think its junk that people who are not producing their own fuel have to pay that amount.

As far as fuel prices in europe, Isnt the euro worth somewere around double what the dollar is worth? It seems to me that we are comparing apples to oranges, if the euro and dollar arent worth the same how do we compare the difference is fuel prices? At least the way that I look at is this, if the euro is worth double the dollar and europe pays 10 bucks a gallon than that would be the same as an american paying 5 bucks a gallon. Correct or no?

Did I mention that I think the prices are garbage?????
 

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We get most of our oil from south america. The middle eastern oil goes mostly to china and the European nations.
 

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I have a question though, diesel in my town is 4.99 a gallon at most and 4.75 at others. I think its complete garbage but hey I make bio so its doesnt directly affect me but again I think its junk that people who are not producing their own fuel have to pay that amount.

As far as fuel prices in europe, Isnt the euro worth somewere around double what the dollar is worth? It seems to me that we are comparing apples to oranges, if the euro and dollar arent worth the same how do we compare the difference is fuel prices? At least the way that I look at is this, if the euro is worth double the dollar and europe pays 10 bucks a gallon than that would be the same as an american paying 5 bucks a gallon. Correct or no?

Did I mention that I think the prices are garbage?????
Its actually around 1.5 dollars per euro. You are thinking of the pound sterling.

And your thinking is flawed. That is the price adjusted for the USD.
 

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I remember paying .97 cents a gallon 5 years ago. There is no way the world has changed that much in five years. I agree with the fact that we need to count our blessings for living in this great country, but not for fuel prices. Comparing fuel prices in Europe to ours, is like comparing Apples to potatoes. Its no where near the same. WE ARE a oil producing nation, just like Canada!! Europe has little to no oil production, therefor their oil is imported. We have a substantial amount of oil here...only a percentage is imported. Claims that Middle Eastern oil is the problem with pricing is innacruate. Only 15-17 % of our oil is from the Middle East. There is no logical reason that oil products should be as expenssive as they are in Cananda, and the US. If foriegn oil is a concern, then we should quit exporting our oil to Mexico. The amount exported to smaller countries would come close to the amount we purchase. Also, isnt it rue that we put 8 million gallons a day aside for reserve?
 

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Also, Bush just returned from Saudi Arabia attempting to increas oil production there for us...to no Avail. The people that would benefit from this increase would only be the people invested in that oil company. Bush's family is integrated financialy with foriegn oil markets. I voted for Bush...but i have many regrets!!!
 

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And don't forget the billions upon billions of dollars of profit the oil companies announce quarterly
 

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A good friend of the family worked in the oil market for years, and hated it. He never had any benifits, and the company was real stingy. His son when into buisness at the same company after he retired, at al ower position, and last christmas his son recieved a $15,000 bonus, along with 9/10 of the staff!! Goes to show how lax they are now that their profits are through the roof.
 

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There is a bill making it's way through Congress and I believe that it needs some serious support by all Americans. It would open up investigations by the Justice Department into gas price policies by the oil companies as well as opening an investigation to see if there is anything illegal going on with the so-called "supply and demand" system that is supposed to drive our pricing. The article is in the news today and I saw one VERY disturbing mention in it. Apparently, OPEC nations not only control the price that we pay for crude oil, but it also appears that many of those same countries OWN U.S. refineries??? I can't imagine that if they both SUPPLY and REFINE the fuel we use, WHO or WHAT is there to police the pricing in that type of system? I believe there is much more going on under the table than meets the eye and I think it's high time there was a thorough investigation to get all the facts out. It's currently headed to the Senate but I urge all of you to keep an eye on it and push your Senators to get this passed so that we can be certain that we are paying what we're supposed to be paying.
:popcorn:
 

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There is a bill making it's way through Congress and I believe that it needs some serious support by all Americans. It would open up investigations by the Justice Department into gas price policies by the oil companies as well as opening an investigation to see if there is anything illegal going on with the so-called "supply and demand" system that is supposed to drive our pricing. The article is in the news today and I saw one VERY disturbing mention in it. Apparently, OPEC nations not only control the price that we pay for crude oil, but it also appears that many of those same countries OWN U.S. refineries??? I can't imagine that if they both SUPPLY and REFINE the fuel we use, WHO or WHAT is there to police the pricing in that type of system? I believe there is much more going on under the table than meets the eye and I think it's high time there was a thorough investigation to get all the facts out. It's currently headed to the Senate but I urge all of you to keep an eye on it and push your Senators to get this passed so that we can be certain that we are paying what we're supposed to be paying.
:popcorn:
Good find. I knew those OPEC Bastards had a lot of control.
 

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3.70 for a gallon of gas here when its .12 cents for a gallon in Venezuela. I dont know how old this is or how arrcurate it is since it is from the CNN website but even if its within a dollar from the truth it still sucks

CNN/Money: Global gas prices
Because the Venezuela government picks up the rest of the price...so if gas goes to $10.00 an OPEC gallon the citizens will still pay .12 while their government will end up picking up that $9.88 balance.......it's a wonderful thing actually...Iran and Venezuela will be bankrupt in 3 years if this keeps up.

China has something though, they prohibit their oil companies from passing the rise of fuel to their citizens instead they have to dip into profits from local wells and it works.
 

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I'm pretty ignorant on this subject but what is OPEC's role in the pricing?
It's whatever the US Administration says it should be. You don't have to influence OPEC but you do have to influence OPEC's #1, The House of Saud which is pro-western, pro-Bush, pro-McCain and anti-Iran.
 
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