Gas Prices
- Thread starter dritter
- Start date
87 for the car here is $2.59 - $2.69 per gallon. around here I typically see ~ 50 cents per gallon above current futures contract pricing.
Last Friday I tanked up the boat at $2.70/gal at the marina. I suspect that will soon change.
From NYMEX futures contracts it appears we may be at or near a peak, or at least traders are currently pricing it that way. Here were today's last settle prices on RBOB gasoline futures - decreasing ($ per gallon). This is consistent with EIA's forecast for the year.
For 2007
May 2.1288
June 2.0978
July 2.0813
Aug 2.0658
Sep 2.0388
Oct 1.9223
Last Friday I tanked up the boat at $2.70/gal at the marina. I suspect that will soon change.
From NYMEX futures contracts it appears we may be at or near a peak, or at least traders are currently pricing it that way. Here were today's last settle prices on RBOB gasoline futures - decreasing ($ per gallon). This is consistent with EIA's forecast for the year.
For 2007
May 2.1288
June 2.0978
July 2.0813
Aug 2.0658
Sep 2.0388
Oct 1.9223
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$3.24 up to $3.31 this afternoon. Central Cal. Highest in the nation. Looking at the highways, you can see why.
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I had to convert from litres. At $1.19/l and if my math is correct, that works out to roughly $4.50 Canadian per U.S. gallon. Let's say the exchange rate is around .85, that works out to about $3.82 US way up here in the frozen north.
I think everyone can just quit their whining. Oh... by the way, happy Easter everyone.
Kev
I think everyone can just quit their whining. Oh... by the way, happy Easter everyone.
Kev
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Flutterby, Ca. is always higher because of all the diffeent specialties they require.
marykhubby
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Only bright side to living in Michigan in the winter - gas is a lot less expensive while in heated storage!
Kevin Elke, whining about gas prices is a National pastime, almost as popular as sports like baseball & NASCAR.
When was the last time you heard anyone complain about $6gal WATER in a supermarket? How many run out & buy the latest & greatest in electronics filled with all the whistles & bells that they will never use & not a peep about the price? How many must have simply the best & most expensive in fishing gear & then don't know how to use it or only go out a few times a year to try?
$3gal gas is some of the cheapest in the world. Want to cut fuel bills? Get slower boats with smaller engines.
When was the last time you heard anyone complain about $6gal WATER in a supermarket? How many run out & buy the latest & greatest in electronics filled with all the whistles & bells that they will never use & not a peep about the price? How many must have simply the best & most expensive in fishing gear & then don't know how to use it or only go out a few times a year to try?
$3gal gas is some of the cheapest in the world. Want to cut fuel bills? Get slower boats with smaller engines.
For Flutterby, from the EIA
Why are California gasoline prices higher and more variable than others?
The State of California operates its own reformulated gasoline program with more stringent requirements than Federally-mandated clean gasolines. In addition to the higher cost of cleaner fuel, there is a combined State and local sales and use tax of 7.25 percent on top of an 18.4 cent-per-gallon Federal excise tax and an 18.0 cent-per-gallon State excise tax. Refinery margins have also been higher due in large part to price volatility in the region.
California prices are more variable than others because there are relatively few supply sources of its unique blend of gasoline outside the State. California refineries need to be running near their fullest capabilities in order to meet the State’s fuel demands. If more than one of its refineries experiences operating difficulties at the same time, California’s gasoline supply may become very tight and the prices soar. Supplies could be obtained from some Gulf Coast and foreign refineries; however, California’s substantial distance from those refineries is such that any unusual increase in demand or reduction in supply results in a large price response in the market before relief supplies can be delivered. The farther away the necessary relief supplies are, the higher and longer the price spike will be.
California was one of the first States to ban the gasoline additive methyl tertiary butyl ether (MTBE) after it was detected in ground water. Ethanol, a non-petroleum product usually made from corn, is being used in place of MTBE. Gasoline without MTBE is more expensive to produce and requires refineries to change the way they produce and distribute gasoline. Some supply dislocations and price surges occurred in the summer of 2003 as the State moved away from MTBE. Similar problems have also occurred in past fuel transitions.
ref: http://www.eia.doe.gov/bookshelf/brochures/gasolinepricesprimer/eia1_2005primerM.html
Guess it's the price you pay for the privilege of living in the Granola State
Why are California gasoline prices higher and more variable than others?
The State of California operates its own reformulated gasoline program with more stringent requirements than Federally-mandated clean gasolines. In addition to the higher cost of cleaner fuel, there is a combined State and local sales and use tax of 7.25 percent on top of an 18.4 cent-per-gallon Federal excise tax and an 18.0 cent-per-gallon State excise tax. Refinery margins have also been higher due in large part to price volatility in the region.
California prices are more variable than others because there are relatively few supply sources of its unique blend of gasoline outside the State. California refineries need to be running near their fullest capabilities in order to meet the State’s fuel demands. If more than one of its refineries experiences operating difficulties at the same time, California’s gasoline supply may become very tight and the prices soar. Supplies could be obtained from some Gulf Coast and foreign refineries; however, California’s substantial distance from those refineries is such that any unusual increase in demand or reduction in supply results in a large price response in the market before relief supplies can be delivered. The farther away the necessary relief supplies are, the higher and longer the price spike will be.
California was one of the first States to ban the gasoline additive methyl tertiary butyl ether (MTBE) after it was detected in ground water. Ethanol, a non-petroleum product usually made from corn, is being used in place of MTBE. Gasoline without MTBE is more expensive to produce and requires refineries to change the way they produce and distribute gasoline. Some supply dislocations and price surges occurred in the summer of 2003 as the State moved away from MTBE. Similar problems have also occurred in past fuel transitions.
ref: http://www.eia.doe.gov/bookshelf/brochures/gasolinepricesprimer/eia1_2005primerM.html
Guess it's the price you pay for the privilege of living in the Granola State
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I think the recreational boater will be less and less on the eater. I know a lot of people say quit bitching and pay the price. The price of gas isn't affordable for everyone. If gas prices stay the way they are now I really believe the boating industry will drop off really bad. We will be like other countries where very few people can afford a boat and pay for the gas. That isn't what this country is built on. We strive on outdoor recreational activiteis that take gas to do it. I can afford the gas price but a lot can't. I have a few friends that have boats and a family and they had to make a hard decision to quit boating. They just can't afford the gas prices with everything else that goes with boating.
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