"Last Years Gas Prices" or "How Much Is Too Much?"

too much would be when we pay european prices and then i have to give up my cars for a mini cooper.

i agree about the prices its going up way too fast. im glad i can atleast convert my truck to ethanol if it really comes down to it. its not as bad as it could be though im not complaining yet and i live in san diego with one of the highest prices in the nation. my truck is even getting reprogrammed to use premium gas early next year. 15 miles per gallon on the highway and shes gonna start getting the good stuff.

you shoulda looked into the diesel jettas pretty nice cars and ive heard of them getting 40 mpg plus all the other benifits of diesel engines. or those accord hybrids. there isnt much we can do. there is a gas station near here though that has everything electric rechargers, propane, ethanol, im not sure what else probably stuff like hydrogen too theres atleast 6 different types of fuel.
i keep a log of fuel prices too, well i used to but its so crazy i dont even bother its pretty hard to believe what the prices were a year or a year and a half ago and i bet a lot of people were complaining back then when it was creeping up to 2 dollars.

that thing about the heating oil costs reminds me of that jay leno joke
about the politician asking the oil companies to reduce prices for heating oil for the poor. the gas company promptly replied by making a 10 million dollar contribution to the person running against him.

I am the first to admit that I don't really drive any less due to the high gas prices. So, for me "too high" will be when I make a point to drive less!! But I also don't think you can complain about the price of gas if you drive a vehicle that gets 5mpg!! In that case, complain all you want, but do something about it next time you purchase a vehicle if it bothers you that much.

vehicle that gets 5mpg

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If I had a vehicle that only got 5 mpg... I think I would ditch it.

Euro prices are such as they are largely because of additional taxes, not the cost of the actual gas. Based on just the contribution of the actual gas, the prices are comparable.

Funny how gas prices are tumbling as oil co. CEOs are being grilled by congress for their record profits during the 'crisis'...

125gJoe said:

Ok, so now Katrina is long gone, and the refineries are doing business, and we expected higher prices for awhile, but soon to be back to "normal"... and it didn't happen! The prices were jacked up high for the "crisis" only to slightly come down afterward!

It's like everyone is satisfied with a lesser price, than what we paid during the "crisis".....

So -- I have to wonder when "high is too high"?

I'm still 'upset' with the gouging continuing.
Get ready for the news media coverage of those less fourtunate this Winter when they 'freeze' to.... since they can't afford these prices.

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According to Bloomberg News report in todays' paper " Even with all these efforts [referencing using barges to move production where pipeines are damaged] oil and gas coming out of the Gulf is still far below pre-hurricane levels. As of Thursday, 49 percent of the Gulf's daily oil production and 40 percent of gas production remained off line." The whole article is pretty interesting for it examines the complicated strategies the companies have had to use to piece together piplines and get product to the pipelines and refineries that are operating. Given that lost production, it is pretty amazing that crude prices are falling now to the extent they have. Some experts think that the fall in prices is actually due to the Wall street traders on Nymex abandoning the energy sector. THAT is where the money is made on oil prices! Big time. But did anyone in Congress want to talk to the Nymex traders -- Heck no!

In another article in today's paper, "Meridian Resource Corp booked a profit of 4 cents a share in the 3rd quarter, compred to 9 cents a share in the same period last year. The company was affected by hurricanes Katrina and Rita and had more than 50 percent of its oil and natural gas production shut in for the quarter." So much for windfall profits, more like wind-blown losses, but no one worries about THOSE jobs do they?

My point is that there are a lot of companies that are still in big trouble from these storms and they did not make a ton of money. Some of the companies that have profited recently made that from the rise in spot market prices around the world -- Exxon made 75% of the recent profits overseas not here in the US.

I was paying 2.15 before katrina, and im paying 2.15 now.

And not all the refineries are back online. Nor are all the wells.