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[grc]

Gas just jumped up from $1.65 to $1.89  Come on It's SUNDAY.  I thought the prices went up when they were trading not on Holidays and the weekends.  This is such a joke!

    Rough night?

Same story here in NW Indiana.  Went to bed with gas averaging $1.65 - $1.69, woke up with it at $1.89 pretty much across the area.  Must have something to do with starting a new year, or perhaps the wholesaler's and retailer's are trying to pay for their New Year's parties. 

Jerry 

[BalDeagle]

We haven't seen the reduction in prices over here that you guys have. Since the highs of last year the prices have only fallen by 25%. This is mainly down to our wonderful tax system on fuel which takes the equivalent of $4.10 on every gallon irrespective of the pump price.

So if I now fill my car with 16 US Gallons of gas it costs me around $86.00 at the pump and around $63.00 of that goes straight to the good old British government.

That's what makes Britain great !!!!!!!!!!!!!!!!!!!!!!

Nige

[iski]

We haven't seen the reduction in prices over here that you guys have. Since the highs of last year the prices have only fallen by 25%. This is mainly down to our wonderful tax system on fuel which takes the equivalent of $4.10 on every gallon irrespective of the pump price.

So if I now fill my car with 16 US Gallons of gas it costs me around $86.00 at the pump and around $63.00 of that goes straight to the good old British government.

That's what makes Britain great !!!!!!!!!!!!!!!!!!!!!!

Nige

Some here in the US are considering a rising tax scenario currently, Nige.  It would temporarily limit consumption and pose a true hardship on many who depend on petroleum to get where they are going, since mass transit here is VERY limited except in large metro areas. 

I bet our govt. could effectively waste these "extra" gas tax dollars as effectively as your govt. wastes yours, but in truth I hope we do not get to find out anytime soon.

If we would drill a few thousand wells here in the good ol' USA each month (easily done except for govt. interference) , some of the pricing sting could be eliminated.

Mike

[Sean M Cary]

We haven't seen the reduction in prices over here that you guys have. Since the highs of last year the prices have only fallen by 25%. This is mainly down to our wonderful tax system on fuel which takes the equivalent of $4.10 on every gallon irrespective of the pump price.

So if I now fill my car with 16 US Gallons of gas it costs me around $86.00 at the pump and around $63.00 of that goes straight to the good old British government.

That's what makes Britain great !!!!!!!!!!!!!!!!!!!!!!

Nige

[\sarcasm on]But don't you have a wicked awesome health care system that all that money is supporting?[\sarcasm off]

[49445CVO]

Was up to $1.99 on Friday now down to $1.93 in MI

[hdhog1]

So if I now fill my car with 16 US Gallons of gas it costs me around $86.00 at the pump and around $63.00 of that goes straight to the good old British government.

That's what makes Britain great !!!!!!!!!!!!!!!!!!!!!!

Nige

  Now I know why our fore fathers left.  Problem is, where do we go from here?

[spydglide]

  Now I know why our fore fathers left.  Problem is, where do we go from here?

Australia?     spyder

[BalDeagle]

[\sarcasm on]But don't you have a wicked awesome health care system that all that money is supporting?[\sarcasm off]

Yes we do Sean but I don't think the money we pay in fuel taxes go toward that.

The health care system is good, of that there is no doubt.  We pay for all of it in different ways though. If you earned $100,000 over here you would only see about $60,000 in your pay packet after taxes. We pay NHI (National Health Insurance) direct from our wages and the more you earn the more you pay. On an average salary of $35,000 per year it would be about $4,600 per year. I guess you could buy a reasonable Health Insurance policy for that over there.

Nige

[MIKEYTEE]

Regular unleaded $ 1.63 gal. today!
Mike
 

[49445CVO]

$1.89 today in MI

[sportygordy]

It's up to a $1.99 at my favorite ARCO in Roseville. Just to clarify, i don't burn ARCO gas in my motorcycle. My vehicles get the crap gas, my motorcycle gets Premium Union or Shell and that price is at $2.38 here in Sacto area

[grc]

$1.95 regular here in NW Indiana.  Really strange how the price went up $0.40 at the same time that crude, gasoline, and distillates inventories all increased significantly.  So much for supply and demand determining prices (which I haven't believed in a long time, btw).  I was glad to see Sunday night that 60 Minutes agreed with my earlier statements in this thread about the real cause of the price runup last year.  For those who didn't see the report, they also concluded after their investigation that the price gouging was not related to supply and demand, but in fact speculation by hedge funds, pension funds, and various others in the futures markets.  Really nice, screw up the financial markets, then move on and help trigger a recession by screwing up the energy markets.  But of course, no regulation is needed, as the "free markets" know best.  BS!

Jerry

[Keats]

$1.69 here today in SE PA  87 Octane

[acevtwin]

Do you see whats happening here? The gas prices are creeping up just in time for me to pull my big trailer to Daytona. (9 miles per gallon.) Yee Ha!

[LRebel]

Do you see whats happening here? The gas prices are creeping up just in time for me to pull my big trailer to Daytona. (9 miles per gallon.) Yee Ha!

The price here in Oklahoma jumped about .30 a week or so ago to about $1.67.  Now it has dropped back down to about $1.55 

My guess is that we will see gas prices creep back up as warm weather approaches.  The oil companies will want to cash in during the summer months.