What are you Paying for Gasoline? Petrol Prices Around the World

[Crusader]

Pricey Go-Go Juice

In Torrance, CA: today the go-go juice price is $3.07 in my neighborhood. UGH! Thankfully, I don't drive far to work.

 

[Antonio Vieira]

I had seen a report that stated that crude is expected to remain above $60 until at least 2012

And you in USA are still very lucky with gasoline prices, here in Europe we are paying twice you pay there.
Just to have an idea about what we expect in Europe for crude prices, the Portuguese state annual budget for 2006 was made expecting oil prices to be at 70 USD.
I have lots of friends that are changing to hybrid vehicles. I think it’s a wise decision!

 

[CalRich]

making no headway!?!

The first post of this thread mentions this tactic to help quell the rising costs of fuel:

... With the price of gasoline going up more each day, we consumers need to take ACTION!

The only way we are going to see the price of gas come down is if we don't buy it. But, (as the gas companies know full well, and are counting on), that's not really a practical
option since we all have come to rely on our cars. But we CAN have an impact on gas prices if we all act together.

Here's the idea: For the rest of this year, don't purchase gasoline from the two biggest companies (which now are one), namely EXXON and MOBIL.

You see, if they are not selling, they should be inclined, (i.e., "forced"), to reduce their prices. And, because of their size, and hence market share, if they reduce their
prices the other companies will too. (They would HAVE no choice!). Isn't that a "juicy" prospect? But to have an impact, we need to reach literally millions of users. But
it's doable!

PLEASE HOLD OUT UNTIL THEY LOWER THEIR PRICES TO BELOW $1.28 - $1.29 AND KEEP THEM DOWN. THIS CAN REALLY WORK!

If you're not outraged, you're not paying attention

I just got an email yesterday suggesting this exact idea. But as far as I've heard, ExxonMobil hasn't had any problems in the past five years... and certainly the gas isn't $1.79 a gallon.

I paid $2.71/ gallon for diesel a few days ago. Thankfully, the diesel I have gets 45-50 mpg. But driving 40 miles to work each way requires this economy.

 

[Crusader]

I have lots of friends that are changing to hybrid vehicles. I think it’s a wise decision!

Maybe not so wise. Hybrids cost a lot more than their gas counterpart and it takes approximately 100,000+ miles to break even!!! (This is according to an analysis performed by Car & Driver automotive magazine.) If I recall, I think the only hybrids that are "truely efficient" are the Toyota hybrids. Check out the MAY 2006 issue of Car & Driver magazine.

 

[ScottK]

Maybe not so wise. Hybrids cost a lot more than their gas counterpart and it takes approximately 100,000+ miles to break even!!! (This is according to an analysis performed by Car & Driver automotive magazine.) If I recall, I think the only hybrids that are "truely efficient" are the Toyota hybrids. Check out the MAY 2006 issue of Car & Driver magazine.

Consumer reports says essentially the same.
If you're buying a hybrid to save money, it's not likely to work at the moment.
If you buying it to be altruistic, more power to you.

 

[Marc]

Gulp! Try $4.50! New York City

From The New York Daily News

Brooklyn gas station floors it

BY JONATHAN LEMIRE and RICH SCHAPIRO
DAILY NEWS STAFF WRITERS

Motorist looks in stunned silence at $4.50 pump price at Brooklyn gas station. With pump prices rising fast, a gas station under the Brooklyn Bridge took a quantum leap into outrageousness - charging a jaw-dropping $4.50 a gallon! That's what the Gulf Station on Old Fulton St. in Brooklyn Heights was charging credit card customers for a gallon of premium yesterday. A gallon of regular gas was no bargain, either, at $4.14 for cash or $4.26 on plastic.

"That's crazy," said Mike Charles, 49, after gawking at the astronomical rates. "I've never seen gas prices like that before." "There's no way I'd ever pay that much," he added. "I don't care how badly I needed gas."

Around the city, motorists were bracing for prices to crest at $3, a figure the Brooklyn station left in the dust. A Daily News reporter spent nearly 90 minutes outside the station yesterday evening before a driver finally decided to fork over an exorbitant amount of dough for some fuel. "I had no other options," said Carey Macaleer, 29, as she paid a whopping $49.16 to fill up her navy blue Subaru Outback. "I'm virtually empty and I'm going to Westchester."

Donald Borbee, co-manager of the station, said its prices were so high because the station's tanks are small, requiring numerous deliveries. He added that the station functions primarily as an auto repair and service shop. "We know it's expensive, but we don't have a choice," Borbee said.

As New Yorkers lashed out against the skyrocketing fuel prices yesterday, Sen. Chuck Schumer called for an investigation by the Federal Trade Commission to ensure that rising gas prices are not a result of corporate greed. "It's not hurricane season, but the oil companies are just raising the price up and up and up," Schumer said. "And the question is are they doing this dictated on the laws of supply and demand, or is something else at work?"

For Ireal Hawks, 28, a Poland Spring deliveryman from Brooklyn, the rising gas prices have serious consequences. "It's just too much," Hawks said, as he filled up his truck at a Hess station in midtown. "I can't make a living like this."

 

[Antonio Vieira]

In Portugal today for 95 Octane Unleaded it raised to about 6,5 USD/Gallon.
What I notice here is that even considering these prices are completely crazy, people don’t leave their car home.
In larger itineraries we can probably find less traffic, but we came to the daily 50 Km home – work, nothing has changed.
This gasoline price has gone 40% higher since January 2004!

 

[JerryStem]

I'm welcomed to the world of SUV's

Taken by used car dealer, now what?

by filling up for $44 yesterday, versus the ~$20 for my Eagle Talon.....

Jerry

 

[Marc]

Oil breaks through record $75

From CNN:

Oil breaks through record $75
Continued fears over Iran and Nigerian supplies, reports of gasoline shortage in the U.S. lead to 2 percent jump.
By Steve Hargreaves, CNNMoney.com staff writer
April 21, 2006: 4:26 PM EDT

NEW YORK (CNNMoney.com) - Oil smashed through record highs Friday, cruising past $75 a barrel on continued fears of a supply disruptions in Iran and Nigeria and reports of spot gas shortages on the U.S. East Coast.

U.S. oil for June delivery set a new trading high of $75.35 before easing to settle up $1.48 at 75.17 a barrel on the New York Mercantile Exchange, also a new closing record. The May contract expired Thursday at $71.95.

One trader said the tense international situation left many investors reluctant to bet prices were going to come down before they left for the weekend.

"Over the weekend traders aren't able to respond to any political news," said Brian Hicks, co-manager of the Global Resources Fund at U.S. Global Investors. "It's safer to be long than short."

Hicks said the soaring prices could start eating into demand and that certain predictions - like one he said he heard by Venezuela's President Hugo Chavez that oil could spike to $100 a barrel if the U.S. attacks Iran - aren't helping.

"It's that kind of news flow that seems to be driving the oil traders," he said. "It's somewhat concerning."

Oil has been hitting record highs in recent sessions, unadjusted for inflation, on supply worries fed by fears of a confrontation with Iran, the world's fourth-biggest producer. But it's also within sight of inflation-adjusted highs of around $80 a barrel set in the late 1970s and early 1980s following the gas crisis and the Iranian revolution.

U.S. average gas prices moved closer to the $3 a gallon mark Friday as spot shortages were reported along the East Coast.

Gasoline averaged $2.855 for a gallon of regular Friday, up 35 cents, or about 14 percent, in the last month, according to AAA, the consumer group formerly known as the American Automobile Association.

The shortages were not expected to be serious however and were blamed on seasonal changes in gasoline formulas.

Gas prices closely follow crude prices, which have jumped about 19 percent this year, mainly on political uncertainty or violence in Iran, Nigeria, Venezuela and Russia - all major producers. Oil prices soared 45 percent in 2005.

Iran has been at the forefront in recent weeks as it tangles with the West over its nuclear program.

Friday passed with no easing of the tensions in sight.

My prodiction: In the US gasoline will go over US$3/gal and pretty much stay there. I think the 'Energy Information Administration' (?) prediction is low.

 

[Sharon_Noble]

Be thankful your not up here,,,

Well I am in Nelson BC, Canada and our gas prices are hitting the $1.16 / L:mg:
($4.39 / G) Guess it's time to buy a bike!!!....
Future Motercycle Mama