Gas Prices hit $2/gallon!

[kneedownnate]

Worst in CA right now:

Diesel -  $4.74 - Chevron - Alturas - 1080 North Main   

Not surprising, alturas truly is bfe!

[Kaptain]

I'm gonna be doing that this summer.  Mind asking him what process he uses, websites, etc. that he checked out? 

Good luck with that... you missed out on this method by a long shot.  I bet ANY restaurant that you go to already has a person or COMPANY lined up to pick up their used cooking oil.  It won't be long until they start charging to dispose of it!

[BLACKDOG]

Good luck with that... you missed out on this method by a long shot.  I bet ANY restaurant that you go to already has a person or COMPANY lined up to pick up their used cooking oil.  It won't be long until they start charging to dispose of it!

Already got a couple of resturants lined up, and here they still have to pay to get rid of it.  Thanks for playing though

[Kaptain]

Already got a couple of resturants lined up, and here they still have to pay to get rid of it.  Thanks for playing though

Well consider yourself lucky then...

I guess people are bigger cheap asses in my area.

[BLACKDOG]

Well consider yourself lucky then...

I guess people are bigger cheap asses in my area.

guess so   Either that, or we just have a lot more greasy food 

[jrock]

$4.30 for Reg at a Shell in San Mateo. I don't get it, ppl still go there.

[abnormaltoy]

$4.30 for Reg at a Shell in San Mateo. I don't get it, ppl still go there.

I paid $3.27 this morning.

[gotrocks]

Just paid $4.49 for diesel and my total to fill my truck up was $143.00.  So tonight when we went to our favorite local mexican restaurant I asked them about their used oil and they said they have 300L a month worth (79 gallons) that I could probably have.  They just want to make sure I would actually take every month instead of now and then.  Shoot for the price of free (minus the other additives) I'll stock pile the stuff until I take a trip then fill up the tank box with about 80 more gallons.  DAMN THESE PRICES

[jrock]

The gas prices really make me consider doing a diesel swap... and running bio.

[kneedownnate]

Shoot for the price of free (minus the other additives) I'll stock pile the stuff until I take a trip then fill up the tank box with about 80 more gallons.  DAMN THESE PRICES

  that's kinda what I was thinking too!  I don't even have a diesel yet, but I'm starting to get much more serious about swapping a diesel in one of my toys, and I see those elevated fuel tanks on craigslist all the time, as well as in bed tanks.

[kneedownnate]

I saw a middle aged couple when I was out fishing tonight.  They were driving a camry hybrid, first I've seen in person, and I asked what kinda mileage they got.  He said 38-40 usually.  That's pretty decent for that big of a car I thought!

[79coyotefrg]

 AP
Chevron's 1Q profit of $5.17B marks Big Oil's latest gusher
Friday May 2, 5:18 pm ET
By Michael Liedtke, AP Business Writer
Chevron's first-quarter profit of $5.17B caps another big round of earnings for Big Oil

SAN RAMON, Calif. (AP) -- Astounding profits in the oil industry are becoming as routine as the anguished looks of motorists filling up their gas tanks.

Chevron Corp. put yet another exclamation point on the oil patch's long run of prosperity Friday with a first-quarter profit of $5.17 billion, or $2.48 per share. That was up 10 percent from net income of $4.72 billion, or $2.18 per share, last year.

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The performance exceeded the lofty expectations of analysts, helping lift Chevron shares 38 cents to $95.32.

It was the second-highest quarterly profit in the company's 129-year history and marked the most money that it has ever made during the January-March period. That puts the No. 2 U.S. oil company on track for its fifth straight year of record earnings.

About the only downside to the quarter was that Chevron earned relatively little from gasoline sales because it couldn't raise its prices fast enough to recover its own rising costs for oil. Like its peers, Chevron doesn't produce enough oil on its own to feed its refineries, forcing it to buy some on the open market.

The company's division that refines and sells gasoline earned $252 million during the first quarter, plunging 84 percent from $1.6 billion at the same time last year.

But Chevron still pumped out plenty of oil to cash in on prices that recently approached $120 per barrel before retreating slightly. In the United States, the San Ramon-based company pocketed an average of nearly $90 per barrel for crude oil sold in the first quarter, more than doubling the $38.03 per barrel at the same time last year.

Soaring oil prices provided a similar first-quarter lift to four of Chevron's biggest rivals -- Exxon Mobil Corp., ConocoPhillips, BP PLC and Royal Dutch Shell PLC.

Collectively, Chevron and those four companies earned $36.9 billion in the first quarter, a 25 percent increase from last year.

By comparison, five of the world's most influential technology companies -- Microsoft Corp., IBM Corp., Intel Corp., Google Inc. and Apple Inc. -- earned $10.5 billion in the same period, up just 3 percent from last year.

While good news for the oil companies' shareholders, the industry's latest earnings gusher may provide more fodder for U.S. lawmakers who have been threatening to impose a windfall tax on the sector or adopt other measures aimed at increasing energy supplies. The political backlash could become even more acute as the price of gasoline rises above $4 per gallon in many parts of the country.

"President Bush and Congress must act immediately and take the obvious steps to end the crisis that threatens not only every consumer but our entire economy," said John Simpson, an advocate for Consumer Watchdog, a frequent industry critic.

Oil industry executives insist they have little control over prices that have been driven up amid concerns about diminishing supplies and the weakening dollar.

If the sentiments of speculative investors who have helped increase oil prices suddenly swing in the other direction, Chevron and other big oil companies will suffer -- particularly if the feeble U.S. economy weakens any further, Oppenheimer & Co. analyst Fadel Gheit wrote in a note Friday.

Chevron's first-quarter earnings improvement was even more impressive than the reported number indicated because last year's results were boosted $700 million by a one time-gain.

If not for last year's windfall and foreign exchange losses that shaved $45 million from this year's bottom line, Chevron's first-quarter profit would have been up by 31 percent, Citigroup analyst Doug Leggate estimated in a Friday research note.

As it was, the company's earnings were 7 cents above the average estimate among analysts surveyed by Thomson Financial.

But revenue of $65.95 billion fell well below analysts' forecast of $75.64 billion. Nevertheless, it still surged 37 percent from last year's $48.23 billion.

Chevron's revenue would have been higher if its oil production hadn't slipped by about 44,000 barrels per day from last year. The company's production averaged 2.6 million barrels of oil per day in the first quarter.

AP Business Writer Adam Schreck in New York contributed to this report.

[WHITE_TRASH]

The oil companies are making more because they are selling more.  The Gov't is making more money off the taxes on the oil than the oil companies are making from us.  Exxon Mobil payed 30 billion in taxes last year, by contrast the bottom 50% of tax payers payed 27 billion in taxes.  Now ask yourself this, why are we complaining about the cost of fuel being the fault of the oil companies when its our own gov't sticking is in the backside with no lube?  McCain and shrillary both endorse dropping the 18.5 cent fedral gas tax for the summer.  Shrillary wants to make the oil companies pay the taxes they would not be getting from us.  Yea, that'll work, our fuel costs will go up 18.5 cents per gallon to make up for it.  Way to go shrillary! 

[unclejpl4x4]

I say stop driving and get horse and buggies      or electric cars  and soler panels / wind turbos

[abnormaltoy]

The oil companies are making more because they are selling more.  The Gov't is making more money off the taxes on the oil than the oil companies are making from us.  Exxon Mobil payed 30 billion in taxes last year, by contrast the bottom 50% of tax payers payed 27 billion in taxes.  Now ask yourself this, why are we complaining about the cost of fuel being the fault of the oil companies when its our own gov't sticking is in the backside with no lube?  McCain and shrillary both endorse dropping the 18.5 cent fedral gas tax for the summer.  Shrillary wants to make the oil companies pay the taxes they would not be getting from us.  Yea, that'll work, our fuel costs will go up 18.5 cents per gallon to make up for it.  Way to go shrillary! 

The profit margins of oil companies are and have been in the 9-11% range...that is just about the minimum it takes to keep a business vital. Many of the BIG media outlets that harp on the oil company's profits, in fact are far more profitable than those evil oil companies.

The idea some people have, that the oil companies are receiving money from the government is ludicrous...at best they are being allowed to keep some of the money they earned.

When did profit become evil? Profit allows companies to provide jobs and services. In my book we owe a great deal...no, we owe virtually everything to the oil companies. Without a dependable supply of cheap energy we might very well be living in sod houses and burning buffalo dung to cook our food. Oil fueled the greatest economic expansion in the history of man...and that just kills the left.

[WHITE_TRASH]

Don't forget that the value of the US dollar has dropped in the recent future so that "huge" profit isnt a whole lot when you adjust for the current exchange rate..... 


I don't hear anyone bitching about the price of insurance much these days.  Their profit margin is nearly 20% and its required to drive in most states these days....  Talk about a mafia style scam!

[abnormaltoy]

Don't forget that the value of the US dollar has dropped in the recent future so that "huge" profit isnt a whole lot when you adjust for the current exchange rate..... 


I don't hear anyone bitching about the price of insurance much these days.  Their profit margin is nearly 20% and its required to drive in most states these days....  Talk about a mafia style scam!

I've already mentioned the value of the green back.

Just think how big the scam will be if the feds get into the health insurance scam.

[WHITE_TRASH]

It'll be epic with no stopping it till it takes over the country...  Gov't programs do NOT contract, they only expand bigger and bigger... 

[unclejpl4x4]

I say get rid of the paper/coins and go back 2 gold dabloons

[abnormaltoy]

It'll be epic with no stopping it till it takes over the country...  Gov't programs do NOT contract, they only expand bigger and bigger... 

Kind of like untreated warts. They just get bigger and do no one any good.

[abnormaltoy]

I say get rid of the paper/coins and go back 2 gold dabloons

Partially right.

[WHITE_TRASH]

Coinage value used to be based upon what the metal it was made out of was worth not what a Governing body said they'd back it to.  Bills are all about what the gov't says they'll back it to, gold bullion is all about what gold goes for an ounce..

[abnormaltoy]

Coinage value used to be based upon what the metal it was made out of was worth not what a Governing body said they'd back it to.  Bills are all about what the gov't says they'll back it to, gold bullion is all about what gold goes for an ounce..

Paper money is now purely a commodity...it's value is determined by speculation of its investment value, how strong the country's economy is perceived to be, the supply of that currency and demand by investors for that currency. Since coins are no longer precious metals and are "backed" only by the paper money...it's value is based on those things listed above.

[WHITE_TRASH]

Thats what I just said.... 

[toyotanner]

2 more dollars a gallon in 2 years thats awesome

[Duffil]

$4.09 regular unleaded Escalon CA this morning.

[Goose]

Were paying roughly 4.30 - 4.50 a gallon for diesel and burning over 1000 gallons a month in our trucks.
be glad you dont have to open a $5000+ diesel bill each month..


And another thing...
The father and i were sittin around bs'n about the economy and our increase in prices, (as i before mentioned)
we figured out that;
18 months ago, we were trucking for $65 an hour, and making good money.
Now, were at about $100 an hour for a transfer truck, and just scrapin by.

Some of the bigger fleets are doing it for a hair cheaper, and theyre not making any profit,
but the have to, just to pay the bills and keep their drivers working and happy.

[Cheesemaker]

Goose I know what you mean, my sister is working for a truck hauling outfit, and she's sweating the fact that she might be looking for a job soon. 

I just paid $3.89 for the cheap stuff and that was with my .10 a gallon discount!    I'm glad I got a 4 banger.

[abnormaltoy]

I'm not laughing at you, I'm laughing with you...

http://www.tucsoncitizen.com/ss/local/85655.php

Survey: Tucson has cheapest gas in nation










Not really...I'm laughing at you!

[BLACKDOG]

Were paying roughly 4.30 - 4.50 a gallon for diesel and burning over 1000 gallons a month in our trucks.
be glad you dont have to open a $5000+ diesel bill each month..


And another thing...
The father and i were sittin around bs'n about the economy and our increase in prices, (as i before mentioned)
we figured out that;
18 months ago, we were trucking for $65 an hour, and making good money.
Now, were at about $100 an hour for a transfer truck, and just scrapin by.

Some of the bigger fleets are doing it for a hair cheaper, and theyre not making any profit,
but the have to, just to pay the bills and keep their drivers working and happy.

  Do you guys not have a fleet discount or anything?  Of course, I don't know how CA diesel prices are.  I paid 4.50 today