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| 4/3 |
| 2005/4/7-8 [Transportation/Car, Transportation/Car/RoadHogs] UID:37108 Activity:very high |
4/7 Jesus says gas prices will increase even more this summer.
http://www.latimes.com/business/la-040705gas_lat,0,5025383.story
"When adjusted for inflation, U.S. fuel prices peaked at $3.12 in
March 1981"
\_ Premium unleaded at Chevron in Berkeley is $2.92 / gallon. The
price for regular is $2.72 / gallon.
\_ $2.79 and $2.99 at the Shell in San Francisco at 30th and Mission.
\_ 2.49 and 2.69 at usa on dixon / n. milipitas.
\_ Um, gas prices go up every summer. This is a surprise? If CA wants
cheaper gas in the summer, maybe we shouldn't require the producers
to use a wacky blend just for CA.
\_ ...and then L.A. would be unliveable
\_ In other news, the price of oil dropped today.
http://news.yahoo.com/news?tmpl=story&u=/ap/20050407/ap_on_bi_ge/oil_prices_75
\_ Just an fyi, the $3.12 figure is highest *average*. When premium
self-serve in downtown SF hits $3.13 don't all go crazy.
Ye may commence hysterics at $3.85 / gallon. -op
\_ Hysterics? Don't they already pay more than that in Europe?
\_ Yes. And the tax on it here ain't going down, so when it's
at $4/gallon, they UK's paying about 8 or so... -John
\_ you know, we moan and bitch when gas price is going up while
shut our mouths when housing price doubled in the past 5 years.
We pay approx 1/3 of our earnings on rent and/or mortgage while
only 1/10 to 1/20 of it on gasoline. Our sense of scope is just
wacked. If anything, we should be moaning and bitching about
land ownership inequality and things to alleviate this crisis
instead of something as insignificant as price adjustments in
gasoline. And I'm all for price hike if it means less people driving
\_ fewer
Maybe he means "lesser", as in "those who drive SUVs _/
are lesser people."
their damned SUVs and polluting the earth. And I mean it even if
I have to pay 2X for delivery or anything else like grocery.
\_ The problem is that oil prices undermine all other prices. And
might be able to move to a smaller house and pay less rent/
mortgage, but everyone has to eat. And since agriculture
just uses land to turn petroleum and natural gas into food,
higher oil prices == higher food prices.
\_ Plus oil money drains out of the country while housing costs
stay. Well, unless it's owned by foreigners and rented out.
Actually I'm not sure just what the housing price increases
really mean. All that debt goes somewhere. The US debt ends
up causing a ton of interest payments to foreign lenders.
Oh well this place is screwed, I better get my Euro
citizenship in order.
\_ 75% of us are landowners. Why would we bitch?
\_ 75% land ownership in America? Wow, America IS rich! Moooo...
\_ Well, the number is something over 69%. Do you want to
compare that to, say, Germany? It's 43% there.
\_ 75% land ownership for EVERYONE, including children under
12 years old? Or do you only count after 18 years of age?
\_ The homeownership rate is computed by dividing the
number of owner-occupied housing units by the number
of occupied housing units or households.
\_ PRAISE JESUS!!! |
| 4/3 |
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| www.latimes.com/business/la-040705gas_lat,0,5025383.story Most E-Mailed Higher Summer Gas Prices Expected Energy Information Administration says gas prices on the West Coast are expected to be substantially higher than the rest of the nation. By Jesus Sanchez, Times Staff Writer US motorists will pay on average about 20% more for gasoline this summe r than last year and drivers in California should brace themselves for e ven steeper increases, according to a government forecast released today . The end of the summer driving season, which stretches from May to Septemb er, will not bring much relief. "Similar high motor gasoline prices are expected through 2006," the agency said in a report. The agency warned that gas prices on the West Coast "are expected to be s ubstantially higher" than the rest of the nation. The projected increase in gasoline this summer is primarily the result of spiking crude oil prices, official said. While crude oil futures fell i n US trading today, they remain above $50 a barrel and hit a record of about $58 in recent weeks. Despite record high prices, gasoline consumption is expected to rise 18% this summer from the same time last year to 93 million barrels a day a s a result of an increase in the number of drivers and the number of mil es driven. A projected increase in the US production of gasoline and a rise in gas oline imports will fail to keep up with the rise in demand, contributing to spiking prices. This summer's projected increases in gasoline prices still fall short of record levels hit more than two decades ago. |
| news.yahoo.com/news?tmpl=story&u=/ap/20050407/ap_on_bi_ge/oil_prices_75 Business - AP By BRAD FOSS, AP Business Writer Oil futures prices fell more than $1 a barrel Thursday afternoon, followi ng the lead of gasoline futures, and brokers said there appeared to be f urther momentum lower. Disclaimer "It's collapsing," said Ed Silliere, a broker at Energy Merchant Intermar ket Futures in New York. However, gasoline demand remained healthy, up 2 percent from a year ag o Tetsu Emori, chief commodities strategist at Mitsui Bussan Futures, said he expects high gasoline prices to persist as "people are accumulating i nventories before the summer driving season." "US oil demand is holding up well, and will help to support prices at l ower levels," investment bank Barclays Capital said in a note. nothing in the US data to support another push up toward $60 yet. " Emori said the current oil market remains "highly exaggerated," and that if prices followed market fundamentals, they should hover around the low $40 range. "Although demand still remains strong, supplies are normal, as seen from the US reports," he said. The US Energy Information Administration significantly raised its forec ast Thursday for gasoline and crude oil prices during the summer driving season, citing strong demand, tight refining capacity and new changes i n gasoline specifications. US benchmark crude oil prices are seen remaining above $50 a barrel for the rest of 2005 and 2006, the EIA said. The informati on contained in the AP News report may not be published, broadcast, rewr itten or redistributed without the prior written authority of The Associ ated Press. |