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Author Topic: $2.07 for gas in bluridge!  (Read 914 times)

Offline lt99ls1

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Re: $2.07 for gas in bluridge!
« Reply #12 on: December 17, 2014, 02:27:53 PM »
Presidents have some limited influence on gas prices via the strategic petroleum reserve.  Sales from this reserve can reduce price shock, as for example after Katrina shut down refineries in Louisiana in 2005.

A more important factor currently is the prohibition against exporting US oil, a law signed in 1975 by Gerald Ford.  I suspect that the new Congress will look at eleminating this ban, now that US production is so high.
I would rather them keep the oil here and keep our prices low and let the middle east rot.
Larry

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Offline kvom

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Re: $2.07 for gas in bluridge!
« Reply #13 on: December 17, 2014, 02:31:15 PM »
Oil is a fungible asset and would be priced at the world rate regardless.
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Offline lt99ls1

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Re: $2.07 for gas in bluridge!
« Reply #14 on: December 17, 2014, 04:45:13 PM »
Oil is a fungible asset and would be priced at the world rate regardless.
I guess things change once the oil is processed?  //:o//
« Last Edit: December 17, 2014, 04:45:37 PM by lt99ls1 »
Larry

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20 BabyMax

Offline kvom

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Re: $2.07 for gas in bluridge!
« Reply #15 on: December 17, 2014, 06:06:00 PM »
Most of the price in the developed world is taxes. A barrel of oil is 42 gallons.  A gallon of oil yields approximately 2/3 of a gallon of gasoline, so that barrel will give 28 gallons of gas at the refinery.  So at current price of $70 barrel the raw material cost of gasoline is $2.50.  The actual cost is lower since a gallon of fuel oil is also produced per gallon of gas.

Obviously oil-producing countries like Iran, Saudi, and Venezuela sell it at less than world price as a social benefit, since all the oil is government owned.

00 TJ  stuff
02 F250 CC LB 7.3 tow pig
18 Honda CRV
12 Chrysler 200 - Wife's car

Online Cannonballkev

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Re: $2.07 for gas in bluridge!
« Reply #16 on: December 17, 2014, 06:25:12 PM »
$1.99  there today!
Get dirty, or get off the trail!

Offline cru9

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Re: $2.07 for gas in bluridge!
« Reply #17 on: December 17, 2014, 06:28:28 PM »
$2.13 in Ellijay
Bobby

Online Cannonballkev

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Re: $2.07 for gas in bluridge!
« Reply #18 on: December 17, 2014, 07:22:58 PM »
Weird that jasper, blairsville, hiawassee are still 2.39-2.49
Get dirty, or get off the trail!

Offline lt99ls1

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Re: $2.07 for gas in bluridge!
« Reply #19 on: December 17, 2014, 07:31:11 PM »
The Venezuelan government is trying to put a stop to that practice. I can't imagine being able to put 26 gallons in the tahoe for $1.04.
Larry

05 LJ
20 BabyMax

Online tcdawg

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$2.07 for gas in bluridge!
« Reply #20 on: December 17, 2014, 07:38:36 PM »
Oil is a fungible asset and would be priced at the world rate regardless.
I guess things change once the oil is processed?  //:o//


Wonder why they don't show Australia on there. That place is on my bucket list big time. Top 3
« Last Edit: December 17, 2014, 07:44:35 PM by tcdawg »

Offline Scott F.

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Re: $2.07 for gas in bluridge!
« Reply #21 on: December 18, 2014, 07:48:18 PM »
Filled up in blue ridge today, $1.99


Offline cru9

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Re: $2.07 for gas in bluridge!
« Reply #22 on: December 18, 2014, 07:50:01 PM »
Just got back from Blueridge myself. It was $1.99 at several gas stations up there
Bobby

Offline BigMike

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Re: $2.07 for gas in bluridge!
« Reply #23 on: December 18, 2014, 07:51:59 PM »
Oil is a fungible asset and would be priced at the world rate regardless.
I guess things change once the oil is processed?  //:o//


It's a direct relationship to the country's ability to produce and refine oil domestically.

 



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