Gas Prices up to what?

[Randy Denzer]

I know this picture is an issue of spacing but is it a sign of things to come.. This was in Burnet, Texas the other day. Prices are up to $3.79 per gallon here in the Austin, Area... I wish I knew where the CEO of Eexon lives so I could send him a letter of thanks! I am sure he has the money for great security buy now!

 

[Dan Cook]

I'd rather be paying that $3.59 than the $3.99 here.

 

[Tarmo Tanilsoo]

Well, you are still lucky. Here in Estonia, people pay over $6 per gallon.

 

[Marc Remillard]

Same here in canada.. more than 6

 

[Bernard Hulshof]

Well, you are still lucky. Here in Estonia, people pay over $6 per gallon.

Well, then you're lucky too Tarmo, ahum.
We currently have to pay about $7.37 per gallon in the Netherlands

 

[Randy Denzer]

Yea, But we make the go juice right here in Texas!

 

[Andrew Pritchard]

I hear you Dan.

You guys in Texas and the rest of the plains states have it lucky, as they're almost always at least 30 cents under the tax heavy Illinois prices. It's always refreshing to leave the state this time of year and fill up for "cheap" out there.

Just look at the difference crossing the Mississippi River into Missouri.

http://illinoisgasprices.com/price_by_county.aspx

I'm moving to Wyoming.

 

[Joel Wright]

I paid $3.99 yesterday for premium here in Illinois. Highest I've ever paid. Next week I'll likely be shelling out over $4/gal.

These high gas prices are kind of a pain to pay for, but I can easily budget another $20 a week or so for it. What's really frustrating though is the way it's inflating all other prices. Food, etc. I must have slept through the part in economics that talked about the ripple effect high gas prices have. I never knew it would have such a large impact on everything else the way it has.

The last few years the highest gas prices of the year seemed to happen in May or June, so hopefully they'll begin dropping by mid-summer. That's about anyones guess at this point though lol.

 

[Jason Foster]

Yeah...the price is up....even a little lower than I predicted, but close. I budgeted for $3.80 to chase this year (although I have yet to go out to the plains).

If (for whatever reason) I decide not to venture out this year before my cut-off time (about May 30th). Then I'm going to throw my money back into the market and hope for some good hurricanes this year. For me that means good weather to intercept, and fuels stocks will go up, and I can make much more money. Let the weather pay me!

Another note (and it's not a personal thing), but I'm sick of hearing about the price of fuel in Europe. They don't have same economy we do, with a much higher tax rate/percentage. Plus, Europe is small, and what is the average driver in Europe driving....maybe like 5000 miles per year. For me the unit price is one thing, but let's look at what the percentage is for spending on fuel compared to income and other expenses is on an annual basis. I don't see Europe dishing out a lot for healthcare costs, or education (college), housing, food, etc. I don't see a huge infrastructure they have to support (again, compare land size). Yes, they pay a lot for gas, and maybe we here in the United States don't have it quite right either.....but lets stop comparing apples to oranges.

 

[Dave Gallaher]

What's really frustrating though is the way it's inflating all other prices. Food, etc. I must have slept through the part in economics that talked about the ripple effect high gas prices have. I never knew it would have such a large impact on everything else the way it has.

Those who remember the gas 'shortage' of the 1970s will recall how everything else rose in price--up until now, that had been the single most inflationary event of my lifetime, but that was just a warmup--they are going for the throat these days.

 

[D. Hayes]

Shoot and the kids these days think I'm old when I tell them I remember dad filling up at 69¢ a gallon and then the gas attendant checked the oil and cleaned the windows. Heck I'm only 34. You folks over in Europe seem to always be paying insane prices. Might help if you had a oil field or two in your back yard. From what I understand we have tons of oil here we just rather run everyone else out before we touch our supplies.

 

[Dennis Sherrod]

Shoot and the kids these days think I'm old when I tell them I remember dad filling up at 69¢ a gallon and then the gas attendant checked the oil and cleaned the windows. Heck I'm only 34. You folks over in Europe seem to always be paying insane prices. Might help if you had a oil field or two in your back yard. From what I understand we have tons of oil here we just rather run everyone else out before we touch our supplies.

Same here. I remember the 25 to 27 cent a gallon gas and working at the gas station cleaning the windshield, checking oil and tire pressure. I would fill up my gas guzzling hot rod for about $5.00 and my boss always gave us a discount and deducted the amount for the gas directly from our paychecks. But, also, I was only making $1.75 hour doing that and driving a wrecker for him too. As I have said before, looking back, the price of gas has really gone up very little over the past 35 years.
And, I have numerous times paid the $4.50 - $6.00 per gallon prices in other various parts of the world over the past 15 years. I remember thinking our turn is coming in the U.S. where we would be paying the same prices. I don't really like it, but I can't say I am surprised at all.

 

[Shane Adams]

What's really frustrating though is the way it's inflating all other prices. Food, etc. I must have slept through the part in economics that talked about the ripple effect high gas prices have. I never knew it would have such a large impact on everything else the way it has.

Actually that's probably the most glaringly-obvious ripple effect of the economy; trucks and trains and ships are how we get everything. If the price of distribution skyrockets, it's only natural the price of products follows suit. It's kinda like the way it works in the opposite direction, when a manufacturer/supplier gets a great deal and then in turn, passes this down to the customer.

Of course unless you're an oil company, then you just keep it all for yourself.

 

[Jeremy Ludin]

When I graduated H.S. in '99, I remember paying $0.99/gal. I'm going to be forced to sell the Vette and trade in the truck for a freaking 4 cylinder piece of crap before long, otherwise I can forget about any mile-munching chase in the future. Currently paying $3.79 for unleaded plus here, but it seems to rise about 10 cents every damn week. Gotta love it!

 

[J Kinkaid]

I paid $3.99 yesterday for premium here in Illinois. Highest I've ever paid. Next week I'll likely be shelling out over $4/gal.

Buying premium gas is a waste of your money. It doesn't give you better gas mileage or make your car run any better. I feel that gas prices are about to level off and then we will get a cat4/ 5 cane in the GOM and then see $6 a gallon gas heck even a small tropical storm in the gulf of mexico I bet that they would jack up the prices to $4.40 ish range.

1993 $ 0.97 a gallon
2001 gas was $1.21 a gallon
2008 $3.58 a gallon