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Avatar universal

Fuel Prices in your area?

I am curious as to what gasoline and diesel prices are around the country, and the world for that matter. Do you think lybia has that much influence with oil production as to affect a significant price increase? What is the cause of this increase, in your opnion?

Prices in my area jumped yesterday, from $2.97 to $3.10 for a gallon of regular unleaded gasoline, and diesel fuel was @ $3.50 per gallon this morning on my way to work. Any thoughts or comments?
Best Answer
185545 tn?1331074866
Unleaded and Premium fuels are $2NZD per litre which equates to $6USD per gallon. Diesal is cheaper in NZ than Premium and Unleaded and normally tracks at around 3/4 the price of Unleaded( $1.50 per litre) The cost of fuel is much more expensive here because we are geographicaly isolated. Shipping costs must ultimately be absorbed by the consumer.

The American share of the Libyan fossil fuel market( which only represents a small percentage of global oil production) is very small( less than 10%) and there are still many more reliable and secure supplies from other oil producing countries. How the crisis in Libya translates into disproportionate fuel price increases here in NZ, the US and the rest of the world is a mystery to me.

I only have a laymans understanding of global economics. At a guess i can see how the Libyan crisis can motivate speculative energy markets to stockpile the available oil from secure sources( North Sea, Gulf of Mexico, Middle East) in anticipation of a much larger energy crisis. The increased competition for the remaining, available supply drives up the barrel prices which are inevitably reflected at the local pumps.

Libya is the 9th largest producer of fossil fuels and the largest source of crude oil in the African continent. Any threat to this supply( however small and inconsequential on the global scale) is enough of a catalyst to drive up fuel prices everywhere. Europe(France 33%, UK 15%, Austria 10%,) is by far the largest consumer of Libyan oil and therefore more vulnerable to the impact of any threat to this source .

The cynic in me imagines fat energy moguls rubbing their hands in gleeful anticipation of increased revenues caused through the suffering of innocent people in oil producing nations. The current Libyan crisis is justification for Energy Giants to increase the price of their own stockpiles/reserves which they purchased at normal, pre crisis value for post crisis,inflated prices. The increase is never proportionate to the percieved risk or the true cost to them. I dont understand how a $3-$4 rise in the value of a barrel of crude translates into a 20-25 cent increase per litre at the pump.

So,  i  can see how the crisis in Libya can cause fuel prices to increase, i just believe the increases are extortionate and not an accurate reflection of the true cost to the mammoth energy giants. It is a boon for them, sponsored by the lowly consumer.
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Avatar universal
Thanks guys!  I needed some levity today!  I can't bear to even look at the gas prices here in Southern CA.   That works best.... not looking!   :)  Actually I peak, kinda like I do in a horror movie.

When the price blows me out of the water, I just tell myself.... "hey, I'll pretend I didn't work last week and just got a free tank of gas!"   Not LMAO!

Vicki...and this is based on nothing here...but I gotta say it.  COUGH!  (hint) You have the patience of a SAINT!!!!!!!!
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Avatar universal
Did he just call me a prostitute ?   But Brian is just joking?? LMAO!!!!!

Hey!!  Sometimes I buy stuff!!  Not often though...
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277836 tn?1359666174
Where I am at gas is 1.25 a gallon... And High Octane is 1.40 a gallon..... I guess being on planet Gmack it does have advantages....
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Avatar universal
That's what we called them, but "lot lizards" were also homeless people or wheel polishers. Yeah, I had to use the red button. A truck driver got a cashier through being a bully to open a gas lane without giving her any money, check, or card, and he robbed us blind. It wasn't until about the forth person that we realized what she had done (she was to scared to say something) and we had to use the button because there was only two of us at the time, someone had not just taken our gas but put about 50 gallons all over the gas lane. THAT was a busy day.

Gas is not about 3.12 here. I remember being on the end that got yelled at, like I was making the money, so I don't yell at anyone for gas prices, it's not right.
Helpful - 0
495284 tn?1333894042
COMMUNITY LEADER
They call them "lot lizards" around here.  They arrive in town, do their thing and leave.  Most of the conveniance stores are watched real close here.  We had those 2 clerks shot and killed about an hour away from here so the cops are more alert now.  With the rising gas prices we are more aware of our surroundings now as people are frustrated and desperate.  Gas went up 10 cents here today.  That is 18 cents in 2 days.  People are mad and i got my pedigree read a few times tonight.  didnt think i looked like an OPEC princess but maybe i am wrong!!

Thank God for that little red button we have and hope we never have to use it~~
Helpful - 0
Avatar universal
Real fast on the truck stops. A huge majority of prostitutes at these fueling stations are extremely noticeable. They will hang out but also never buy anything really. Even though I am thinking Brian that you were joking for the most part, I was just clearing up some things. I have not just worked at a truck stop, but also grew up around a lot of them. I knew women and men that would come in and talk to the cashiers or each other. It's kind of like an adult hang out. Also, women who do this, don't stay at one spot to long for obvious reasons. People selling stolen items or pirated movies are more of a problem as a rule. Also, it's only really dangerous at truck stops when you go to the actual truck parking lots. Anywhere there is lighting, people are usually safe. Officers of all types (specifically highway patrol) go there all the time......................sorry it wasn't really fast.

Regarding the gas thing, the oil owners use any and every excuse to raise gas prices. A driver could get kidnapped in the middle east and once it's on the news. gas prices sky rocket. It's all a bunch of crap. I talked to a gentleman when I worked valet at a casino, he was some kind of suit for an oil company. He informed me of some really crazy things. It's all about money in any way, shape, or form.

One day humans MIGHT make it to the point that they can allow themselves to care more about their fellow humans, then about money, but it ain't any time soon. I guess we will see.
Helpful - 0

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