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gas is ridiculOUs right now !
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Spire
Hall Pass B!tch!!!


Joined: 01 Aug 2003
Posts: 2165
Location: Up to my Nipples in Alaska

PostPosted: Sat, 13 Aug 2005 00:57:56    Post Subject: Reply with quote View Single Post

Picture this...

You walk out in the morning with keys to two vehicles...

One, a rather nice (read boring stock) toyota pickup.

The second, an incredibly fun to drive, fast, comfortable leather seated running perfect Camaro SS that needs more miles on it to be even more fun...

What are you going to do?
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Little Bruin
Boo Boo

Joined: 07 Apr 2003
Posts: 667
Location: Pic-A-Nic Basket
renovation
Rated XXX


Joined: 09 Mar 2005
Posts: 610
Location: michigan

PostPosted: Sat, 13 Aug 2005 01:23:28    Post Subject: Reply with quote View Single Post

Spire wrote:
Picture this...

You walk out in the morning with keys to two vehicles...

One, a rather nice (read boring stock) toyota pickup.

The second, an incredibly fun to drive, fast, comfortable leather seated running perfect Camaro SS that needs more miles on it to be even more fun...

What are you going to do?


TAKE THE BUS Smile
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Spire
Hall Pass B!tch!!!


Joined: 01 Aug 2003
Posts: 2165
Location: Up to my Nipples in Alaska

PostPosted: Sat, 13 Aug 2005 02:30:18    Post Subject: Reply with quote View Single Post

Bus is out of the question.

I will drive what I want to drive, regardless of the cost of gas.

Crude oil has gone from 40 dollars a barrel 8 months ago to over 66 dollars a barrel today.

Your cost has only gone up what maybe 50 cents in the same timeline?

(a barrel is 42 gallons)
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BeerCheeze
*hick*


Joined: 14 Jun 2003
Posts: 9285
Location: At the Bar

PostPosted: Sat, 13 Aug 2005 09:59:06    Post Subject: Reply with quote View Single Post

Spire wrote:
Bus is out of the question.

I will drive what I want to drive, regardless of the cost of gas.

Crude oil has gone from 40 dollars a barrel 8 months ago to over 66 dollars a barrel today.

Your cost has only gone up what maybe 50 cents in the same timeline?

(a barrel is 42 gallons)


Yea, but that 66 dollars a barrel is for delivery of oil in september... not the current gas that's "on the shelves" now.

However.... to reliaze that the price of gas does not just affect you when you go to the pump. It affects EVERYTHING! From the price of the beer you (or more importantly I) buy, to the cost to have your packaged delivered. One way or another business have to pass on these higher fuel cost to you. The trucking companies asorb some, the retailers asorb some, but they can only take so much.

Of course, that's not a rant agasint you Spire... unless your that bastard that is selling the oil at $66 a barrel... in which case... YOU OWE ME BIG TIME!! Laughing
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Hellfire
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Joined: 05 Aug 2003
Posts: 3473

PostPosted: Sat, 13 Aug 2005 10:05:45    Post Subject: Reply with quote View Single Post

It's like $2.35 here right now. Sad to say if the analyst are right, its only gonna get worse Sad
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Spire
Hall Pass B!tch!!!


Joined: 01 Aug 2003
Posts: 2165
Location: Up to my Nipples in Alaska

PostPosted: Sat, 13 Aug 2005 14:34:54    Post Subject: Reply with quote View Single Post

Excellent point, I agree 100% EC.

However, your idea of the latency between the crude we buy and the time it takes us to process it and get it to market is way off. We bring it in, process it overnight and are ready to sell in the morning.

The demand for gasoline prevents us from storing for any length of time.

We run 168,000 BARRELS of crude a DAY!!! Any major storage of product is out of the question.

For the mathmatecally challenged that is 7,056,000 gallons a day.
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BeerCheeze
*hick*


Joined: 14 Jun 2003
Posts: 9285
Location: At the Bar

PostPosted: Sat, 13 Aug 2005 14:54:39    Post Subject: Reply with quote View Single Post

No, I'm not...

Quote:
U.S. light crude for September delivery settled $1.06 higher at $66.86, off the record $67.10 a barrel hit earlier in the day.


http://money.cnn.com/2005/08/12/markets/oil/index.htm

Full Moon
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Little Bruin
Boo Boo

Joined: 07 Apr 2003
Posts: 667
Location: Pic-A-Nic Basket
T-shirt
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Joined: 22 Aug 2003
Posts: 795
Location: Snohomish, WA USA

PostPosted: Sat, 13 Aug 2005 15:39:48    Post Subject: Reply with quote View Single Post

More than storage, the problem is lack of refining capability and currently 16% of US gasoline refinery units are off line.
with a greatly lowered supply, demand drives the price way up, expect $3 gas in september in most markets
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Spire
Hall Pass B!tch!!!


Joined: 01 Aug 2003
Posts: 2165
Location: Up to my Nipples in Alaska

PostPosted: Sat, 13 Aug 2005 18:58:19    Post Subject: Reply with quote View Single Post

Dr. EvilCheeze wrote:
No, I'm not...

Quote:
U.S. light crude for September delivery settled $1.06 higher at $66.86, off the record $67.10 a barrel hit earlier in the day.


http://money.cnn.com/2005/08/12/markets/oil/index.htm

Full Moon


Ok, I see what your talking about. Thats way upstream, before it gets to us. I was thinking time from when a refinery gets crude to the time it gets to a station.

My bad...
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BeerCheeze
*hick*


Joined: 14 Jun 2003
Posts: 9285
Location: At the Bar

PostPosted: Sat, 13 Aug 2005 20:14:42    Post Subject: Reply with quote View Single Post

Laughing OOO No... I know they don't keep it long there. When your operating at 90+% of capacity, there is no "storage time".
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