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Price of gas around the world

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Don Watkins View Drop Down
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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Topic: Price of gas around the world
    Posted: 01 Mar 2014 at 7:46am

3.07 at Murphy this morning but otherwise 3.09 even at the other el cheapo places with 3.19 being more common.

Last I saw crude on Friday was still north of 102. Ain't gonna see sub-$3.00 for a long while.

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  Quote Karl_db Quote  Post ReplyReply Direct Link To This Post Posted: 01 Mar 2014 at 4:02pm
Don't know why, after seeing your post, I thought maybe prices would come down here a little bit. Wrong.  Went up.  Towards the end of last week it was $3.65 but dropped to $3.55 around the middle of the week.  Today...back up to $3.65. 

My sweetie wants a vehicle that gets 50 miles to the gallon.  But she wants two things that are probably not possible:
a.  To be able to get into it and
b.  To be able to get out again
(A used previously owned car lot in town has one. Not sure of the make or type.  I could probably get in but would need the jaws of life to get out.)
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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Posted: 03 Mar 2014 at 6:00am

Looks like the stock market is going to open up down big time this morning but crude is on a rip. Up $2 to $104.58.

Despite the good gas mileage that hybrids get they still have batteries that are going to need to be replaced at some point. I've never run the numbers but I have to guess that replacement cost would buy a lot of gas.

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  Quote Karl_db Quote  Post ReplyReply Direct Link To This Post Posted: 03 Mar 2014 at 4:39pm
Ever see any prices?  If I had a WAG...$5k??
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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Posted: 03 Mar 2014 at 5:34pm
I think I recall between 4 and 5k.
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  Quote Karl_db Quote  Post ReplyReply Direct Link To This Post Posted: 07 Mar 2014 at 5:51pm
Stopped at the gas station after work for the local paper. Shocked  Noticed gas is now $3.75 
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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2014 at 8:02am
Everywhere from $3.07 at Murphy to $3.27 with most in the $3.15 to $3.19 range. 
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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Posted: 14 Mar 2014 at 8:29am

A big depressing day yesterday in the world's economic health and as a result crude has dropped down to 98.77. 

There is almost always a silver lining....

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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Posted: 18 Mar 2014 at 7:07am
The slide of crude down to 98 and change has resulted from one station being at $3.15 Saturday to about 6 this morning. Whew.
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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Posted: 18 Mar 2014 at 7:24am
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  Quote Karl_db Quote  Post ReplyReply Direct Link To This Post Posted: 18 Mar 2014 at 5:10pm
Wish they would here in the Hoosier state.  $3.65 right now.
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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2014 at 4:10pm
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  Quote Karl_db Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2014 at 4:29pm
Oops....that's not good.  Unless someplace else can step in.  
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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Posted: 26 Mar 2014 at 11:08am

Not much excess capacity elsewhere....

Pretty impressive 3 minute time lapse video of a ship leaving the ship channel.

The channel always amazed me as a kid. Actually it still amazes me as an adult. While there was something of a waterway there it would have never been able to accommodate what it does without man made re-construction.

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  Quote Bob Quote  Post ReplyReply Direct Link To This Post Posted: 26 Mar 2014 at 11:39am
Obviously not as I remember it - just a dredged out deeper channel in an otherwise natural waterway. It looks like a pretty organized system now ... and business-like. There is something fascinating about big ships heading out and sailing to unknown ports around the world. If I had my Kodak Brownie handy back then a ship was always a favorite subject for a shot.
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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Posted: 26 Mar 2014 at 11:43am

I always thought of it as a dredged out ditch....

What got me started was this.

Houston bayou’s evolution into busy port ongoing

The port is ranked first in the country for foreign waterborne tonnage, first in U.S. imports and first in export tonnage. Each year, more than 200 million tons of cargo is transported on some 8,000 vessels and 200,000 barge calls. Underneath is a web of pipelines — most from the 1950s — that transport crude oil and refined products.

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  Quote Bob Quote  Post ReplyReply Direct Link To This Post Posted: 26 Mar 2014 at 12:12pm
My, I didn't realize. Quite a number of 1sts in the nation. I think of the West Coast port around L.A. with all those container ships bringing in garbage from China when I think of busy.
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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Posted: 26 Mar 2014 at 12:18pm

I wonder if the west coast ports aren't limited by unions and the like?

Back in the 60s I had a friend that worked on the dock at the channel and the stories were pretty funny especially about how much stuff walked away.

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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Posted: 31 Mar 2014 at 3:24pm

Two opinions.

Here Comes $75 Oil

The Argument for $75 Oil Should Be $95 Oil

I fall into the latter camp; production costs are just too high for it to drop to $75 IMO.

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  Quote Don Watkins Quote  Post ReplyReply Direct Link To This Post Posted: 02 Apr 2014 at 9:06am

Crude has been down the last couple of days to $99 and change today but no matter:

US gasoline prices reach six-month high as ethanol climbs

Ethanol climbed a record 81 percent in the quarter, surpassing the 65 percent gain during the third quarter of 2005 when the biofuel replaced methyl tertiary butyl ether as the primary source of octane for gasoline refiners.

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