philippio Posted August 15 Report Share Posted August 15 Nationwide Gas Prices Set Another Record By GARY GENTILE, AP Business Writer 1 hour, 57 minutes agoLOS ANGELES - Retail gas prices hit another record high over the past three weeks, mirroring a rapid increase in the cost of crude oil, according to a nationwide survey released Sunday. The average price for all three grades rose nearly 20 cents to $2.53 in the three weeks ending Aug. 12, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations around the country. The figures were not adjusted for inflation.In the same three-week period, crude oil price futures rose about $8.21. A barrel of oil produces about 42 gallons of gasoline, resulting in a price increase of 19.6 cents per gallon — nearly identical to the 19.8 cent rise in the price of gas at the pumps, Lundberg said.There was scant good news for consumers in the latest report.Demand for gas will remain high through August, but should drop after Labor Day. Prices should soften after that assuming underlying crude oil prices hold stable and refinery activity and shipments aren't interrupted by natural disasters, such as major hurricanes, Lundberg said.Retail prices have risen an average of 70 cents since the beginning of the year and are up 62.7 cents from last August, Lundberg said.Still, adjusted for inflation, prices have yet to climb to the record levels reached in the 1980s.Gas prices in March 1981 would be $3.03 per gallon expressed in today's dollars, Lundberg said, while a barrel of oil would be about $90."I'm feeling it," said driver Adolfo Fernandez, a Los Angeles resident who was filling his BMW Sunday with premium unleaded at a cost of $2.97 per gallon. "I feel sorry for the people who really feel it and can't afford it."According to the survey, self-serve regular averaged $2.50 a gallon nationwide. Midgrade was pegged at $2.59, with premium-grade was at $2.69.Among the stations included in the survey, the highest price for unleaded regular was in San Diego at $2.76. The best deal was in Cheyenne, Wyo., at $2.31 a gallon.-------------------------------------------------------------------------- Let's all move to Cheyenne! Quote Link to comment Share on other sites More sharing options...
mursa Posted August 15 Report Share Posted August 15 thank god i got a Dodge Neon .....and not any type of SUV . Quote Link to comment Share on other sites More sharing options...
philippio Posted August 15 Author Report Share Posted August 15 My trusty old A4 still gets about 27-30 mpg on the highway. Quote Link to comment Share on other sites More sharing options...
xxgrooveericxx Posted August 15 Report Share Posted August 15 This shit is getting out of hand..... Quote Link to comment Share on other sites More sharing options...
philippio Posted August 15 Author Report Share Posted August 15 This shit is getting out of hand.....Just keep in mind that drivers in Europe pay about twice what we do. Quote Link to comment Share on other sites More sharing options...
nexusgroove Posted August 15 Report Share Posted August 15 Just do it! Quote Link to comment Share on other sites More sharing options...
philippio Posted August 15 Author Report Share Posted August 15 I wish Miami had a good public transit system. Then maybe more people would see an incentive to use it. Quote Link to comment Share on other sites More sharing options...
nexusgroove Posted August 16 Report Share Posted August 16 I wish Miami had a good public transit system. Then maybe more people would see an incentive to use it. they are trying to catch up with the public transit here. Plans have a troly in southbeach a boat taxi for bayfront and miami river,and an underground tunnle to the port of miami.but for now, IT FUCKIN SUCKS! Quote Link to comment Share on other sites More sharing options...
liquidx Posted August 16 Report Share Posted August 16 Thats the bad thing.. Transit here in FLORIDA is utter CRAP and POPOOO!!!!......... in other words we are screwed ! Quote Link to comment Share on other sites More sharing options...
philippio Posted August 16 Author Report Share Posted August 16 they are trying to catch up with the public transit here. Plans have a troly in southbeach a boat taxi for bayfront and miami river,and an underground tunnle to the port of miami.but for now, IT FUCKIN SUCKS!What the hell's the point of an underwater tunnel to the port? What they need is to expand the Metrorail to more than 1 line, first of all. The trolley on SoBe might be a good idea. Quote Link to comment Share on other sites More sharing options...
xxgrooveericxx Posted August 16 Report Share Posted August 16 Just keep in mind that drivers in Europe pay about twice what we do. Keep in mind that I don't give a shit! Quote Link to comment Share on other sites More sharing options...
obby Posted August 16 Report Share Posted August 16 Demand, demand, demand,,,,,demand has never been higher!I think the price is bullshit too!!!! The prices we see rising on the barrel are “futuresâ€, so why they shoot up so quick @ the pump has me scratching my head too! From what I’ve read, oil companies make between 7%-8% profit. If the price per barrel goes up, then logically, that gets passed down to the consumer. Demand is super high which is why I think the prices keep going up. As long as we’re hooked on the black stuff like crack rock and not building new refineries or pumping more oil out of the gulf of mexico or Alaska,,,then too bad, so sad…..I THINK???From what I know, we’ve always imported more oil because it was always cheaper to import it than to pump it ourselves, refine it, etc…etc..etc…Now, I think things are changing, so HOPEFULLY, we’ll start pumping our own shit in higher quantities(while simultaneously exploring new alternatives). Besides, I thought we were stealing oil….why is it so expensive if we’re stealing it…?? LOL LOL LOL LOL “WAR FOR OIL†Quote Link to comment Share on other sites More sharing options...
cookie6 Posted August 16 Report Share Posted August 16 Gas inflation prices are INFUCKINGSANE Quote Link to comment Share on other sites More sharing options...
xxgrooveericxx Posted August 16 Report Share Posted August 16 High demand is right. Blame the hot ass weather for that.... Quote Link to comment Share on other sites More sharing options...
funketeer Posted August 16 Report Share Posted August 16 Soon all I will ride is my skateboard...wait a minute!!! That's all I ride now! Quote Link to comment Share on other sites More sharing options...
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