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2006-07-25 Home Front Economy

Gas Prices Move Past $3 to All-Time High

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Posted by Fred 2006-07-25 00:00|| || Front Page|| [2 views since 2007-05-07] Top

#1 Friend in DoD told me there is a world wide tanker shortage because there is so much oil on the market all the storage sites are filled and there is no where to land new stuff! So the tankers sail around in circles waiting. He also says we are at 6 year high in stored product and stored crude. No one in his office can figgure out whey the price is staying so high... unless 'free market' is a lie

Posted by Thruper Anguting5296 2006-07-25 01:03|| 2006-07-25 01:03|| Front Page Top

#2 Prices must not be high enough though, since consumption is also at an all-time I (I think I heard that on the radio this morning). Parking lot rates are at an all-time high here, so more people are driving themselves to work. Alone, as best I can tell. When people start changing their driving habits I'll start listening to the complaints about gas prices.

Posted by glenmore">glenmore 2006-07-25 07:35|| 2006-07-25 07:35|| Front Page Top

#3 Perhaps it's a refining issue, Thruper Anguting5296? Although I imagine concern that the Israel/Lebanon war will spread throughout the region might have something to do with it...

Posted by trailing wife 2006-07-25 07:36|| 2006-07-25 07:36|| Front Page Top

#4 Well, hell, it ain't me. I've been walking to work (six mile round trip) since April. 'Course, half of that is for the exercise, but you know - it's nice to not be paying hand over fist for gas.

And when I have to go somewhere out of walking range, I drive a Korean subcompact. I get 40 mpg if everything's in working order.

Hee hee hee...

Posted by Mitch H.">Mitch H. 2006-07-25 08:20|| http://blogfonte.blogspot.com/]">[http://blogfonte.blogspot.com/] 2006-07-25 08:20|| Front Page Top

#5 "I've been walking to work "

Mitch,

Obviously, you're not from Arizona.

Posted by Poison Reverse 2006-07-25 11:21|| 2006-07-25 11:21|| Front Page Top

#6 CA's central coast must be in another country or something. We haven't seen gas at $3 per gallon for quite some time. (Been noticing a lot of used larger trucks and SUVs for sale lately.)

Posted by SLO Jim 2006-07-25 11:43|| 2006-07-25 11:43|| Front Page Top

#7 What I don't understand is how we let this thing happen:
1)The more Iran and others act like maniacs, the higher the price goes.
2)The higher the price goes, the more money these maniacs make.
3) repeat.
Why would we expect Iran to start behaving? We obviously need to kill the head of the snake.

Al

Posted by Frozen Al 2006-07-25 11:48|| 2006-07-25 11:48|| Front Page Top

#8 Poison: northern Appalachia. Valley and ridge country. I'm not big on heat, dry or otherwise. Thankfully, it's been a relatively cool summer up here in ridgerunnin' country.

Posted by Mitch H.">Mitch H. 2006-07-25 13:42|| http://blogfonte.blogspot.com/]">[http://blogfonte.blogspot.com/] 2006-07-25 13:42|| Front Page Top

#9 When I was stationed in Europe in the 70s that about what the locals paid on the open market. Most of which was tax. [Then again, if you want to see the price drop significantly, drop federal-state-local tax on each part of the process it takes to get to your tank. However, that would mean government giving up IT'S dependency upon oil. Heh]

Posted by Chager Chavirt3161 2006-07-25 15:42|| 2006-07-25 15:42|| Front Page Top

#10 Poison..... Tallahassee. 3 mile round trip. I know heat. 15 lbs. gone.

Posted by 6 2006-07-25 17:42|| 2006-07-25 17:42|| Front Page Top

#11 Gas pricing has everything to do with how much the customers can pay and little to do with cost. The customers in SLO can not afford to pay as mcuh as the ones in San Jose and Malibu. So they don't get charged as much. It would be interesting to look at the maps of the oil company pricing zones and see to what they are correlated.

Posted by Nimble Spemble 2006-07-25 17:54|| 2006-07-25 17:54|| Front Page Top

#12 Actually, I may have been unintentionally vague: what I meant was we last paid $3 per gallon quite a while ago and now pay much more (I paid $3.45 yesterday at a service station -- Costco is a bit lower at about $3.30).

Posted by SLO Jim 2006-07-25 18:10|| 2006-07-25 18:10|| Front Page Top

#13 I wonder what they're charging in the Bay Area. CS?

Posted by Nimble Spemble 2006-07-25 18:20|| 2006-07-25 18:20|| Front Page Top

#14 Poison, did it last year in Phoenix. 8 block walk, it was actually quicker than driving and dealing with the stupid parking garage designed by someone who had never driven a car in his or her miserable little life.

Posted by Swamp Blondie 2006-07-25 20:57|| http://azjetsetchick.blogspot.com]">[http://azjetsetchick.blogspot.com] 2006-07-25 20:57|| Front Page Top

#15 In May when the prices were a bit lower I went from $200 a month in my 10 year old Dakota to $60 a month in my Toyota Yaris Sedan. I was thinking of getting a Prius or some other hybrid (like all the cool kids), but the 5 extra mpg didn't justify the extra $6000+ on the sticker price.

Posted by Scott R">Scott R 2006-07-25 21:21|| http://five24.net]">[http://five24.net] 2006-07-25 21:21|| Front Page Top

#16 In my home town the high prices did get people to cut back on driving and gas use. Enough so that the cities' gas tax income dropped a bunch. So they raised the gas taxes. Can't win fer losin'.

Posted by Glains Threrese9277 2006-07-25 22:50|| 2006-07-25 22:50|| Front Page Top

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