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Jack Sim #252394 Tue May 03 2011 06:23 PM
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I remember somewhere between 1969 & 1971 my uncles BP station had gone up to 30cents and we would just stop in and sign a ticket and pay at the end of each month , I remember having that kind of credit at the gas station , grocery store and drug store until about 1982, People would not trust you that much now.


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coheley5 #252418 Tue May 03 2011 07:12 PM
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Oil prices are no longer decided by supply and demand. Since it is traded on the open market we are at the mercy of investors and their mood swings. We could drill and refine 100% of our domestic supply of oil and it would not keep prices in check.


........Dave
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Looking for old, rare, auto light bulb tins
lordparaffin #252426 Tue May 03 2011 07:39 PM
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Dave hit the nail on the head. Not a supply and demand game- A futures market game. The devaluation of the dollar also has something to do with the oil price. Gas is CHEAP here! I love when people complain about prices and drive a hybrid that gets 50mpg...I get 15!!!!

Last edited by 57tbirdkid; Tue May 03 2011 07:41 PM.

The most valuable commodity I know of is information-Wall Street
57tbirdkid #252439 Tue May 03 2011 09:01 PM
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Federal & Ca. state taxes on a gallon of gas- also sales TAX-
1/4 of the cost of a gallon is TAXES

IMG_0116[1].JPG
Last edited by advertologist; Tue May 03 2011 09:06 PM.

RANDY
advertologist #252471 Wed May 04 2011 06:08 AM
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Gas must only be $1.85 in California if the taxes are 1/4 of the cost of a gallon of gas with these taxes. Westward ho!

JunkGas #252493 Wed May 04 2011 08:38 AM
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It was 3.77 here yesterday and on a recent trip to Ut it was 3.79 to 3.82

Jack R #252509 Wed May 04 2011 09:55 AM
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Dave and 57 are on target - specualtors are the ones (who are employed by BIG oil) that essentially set the prices. I recall on December (just prior to the holiday season when folks will be travelling a lot) the price of gas spiked and they said they were taking precautions because of hurricanes... IN DECEMBER!!!

I wouldn't have a problem with these gas prices EXCEPT for the fact that BIG OIL is setting historic profits... not for this century, but in the history of business and when profits were being recorded! This tells me that the cost of producing gas is still low and the greed is going through the roof. It is white collar theft and we the people are the victims.

sorry for the rant

BIGTOM

always lookin #252518 Wed May 04 2011 11:14 AM
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Paid $4.35 per gallon cash price for 91 octane here in Cupertino California. Yikes! Back in 1963 Supreme was 35 cents per gallon at my Standard Station. Back than I was making over $5 per hour to. Dick the mini runs on 91 due to 11 to 1 compression on it's high performance 4 cyd. engine; does good on the high way though MPG wise.

1970mach #252523 Wed May 04 2011 12:17 PM
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Here in Ontario, today at most places, it will cost you the equivalent $5.44 USD for one US gallon. In Montreal, $5.70 US gallon.

barn_raider #252538 Wed May 04 2011 01:53 PM
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Starting to think about getting a Smart Car for trip to Iowa Gas & pulling a harbor Freight 4 x 8 Trailer [gotta haul 2 pumps From IG home]! LOL
Hope it will carry enough clothes for 10 days.

Last edited by Dick Bennett; Wed May 04 2011 01:54 PM.
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