FILL UP TODAY:

[teazeman]

Fill your tank today, it will cost you more within 24-48 hrs, thats a LOCK.

[Bostongambler]

We will all be driving bikes soon.

[Minnow]

Anyone who lives in an area with "Safeway" grocery stores should check out their member card incentive. I lost my card ages ago, but type my phone number on the pad to get "members only" grocery discounts. One of the clerks mentioned to me that my gas discount was adding up nicely. I said huh? and she showed me the at bottom of the receipt that I said accrued a 40 cent per gallon discount. I was on "E" so immediately went out and filled up at 2.70 per gallon. nice!

[stevo]

Originally Posted by Minnow

Anyone who lives in an area with "Safeway" grocery stores should check out their member card incentive. I lost my card ages ago, but type my phone number on the pad to get "members only" grocery discounts. One of the clerks mentioned to me that my gas discount was adding up nicely. I said huh? and she showed me the at bottom of the receipt that I said accrued a 40 cent per gallon discount. I was on "E" so immediately went out and filled up at 2.70 per gallon. nice!

Thats a nationwide thing too because I get that also Minnow. Good stuff.

[teazeman]

March 2008 CRUDE OIL R NYMEX (Chart) 100.00 +4.50 01:28:12 PM 215228
March 2008 CRUDE OIL E NYMEX (Chart) 100.00 +4.50 99.97 99.98 01:28:20 PM 121977
March 2008 HEATING OIL #2 R NYMEX (Chart) 2.7440 +0.0971 01:10:20 PM 36646
March 2008 HEATING OIL E NYMEX (Chart) 2.7610 +0.1141 2.7610 2.7622 01:28:20 PM 28313
March 2008 PROPANE R NYMEX (Chart) 1.4375 * +0.0650 00:00:00 AM 0
March 2008 NATURAL GAS R NYMEX (Chart) 8.950 +0.290 01:06:40 PM 64527
March 2008 NATURAL GAS E NYMEX (Chart) 8.979 +0.319 8.978 8.980 01:28:16 PM 51153
March 2008 RBOB GASOLINE E NYMEX (Chart) 2.6068 +0.1130 2.6057 2.6068 01:28:20 PM 28100
March 2008 RBOB GASOLINE R NYMEX (Chart) 2.6040 +0.1102 01:28:16 PM 42049




crude back up to 100.00 per barrell


gasonline up about 11.5 cents on the cash market=15 cent increase at the pumps boys and girls.....


4.00 per gallon after memorial day is looking like a very good possibility.

[Total Square]

oil was under $90 about a week ago.

amazing the manipulation of these markets

cost me over a nickle for 150 gallons of heating oil last week

[teazeman]

oil up about 13.50 in the last 8 days...




we have some customers that have oil or propane bills for one month that are higher than the mortgage payment for their home, there is something seriously wrong with that picture.

[clevfan]

Feb 19, 4:29 PM EST


Oil Jumps Above $100 on Refinery Outage

By JOHN WILEN
AP Business Writer

NEW YORK (AP) -- Oil futures shot higher Tuesday, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand. At the pump, gas prices rose further above $3 a gallon.

There was no single driver behind oil's sharp price jump; investors seized on an explosion at a 67,000 barrel per day refinery in Texas, the falling dollar, the possibility that OPEC may cut production next month, the threat of new violence in Nigeria and continuing tensions between the U.S. and Venezuela.

The fact that there was no overriding reason for such a price spike could be a bad omen for consumers already bearing the burdens of high heating costs and falling real estate values. Many recent forecasts have said oil demand growth this year will be less than initially expected, yet prices continue to rise. That suggests they may continue rising as the weakening dollar attracts new investors to the futures market.

And rising oil prices mean higher gas prices.

"As the economy weakens, it's going to be met with $3.50 and $3.60 gasoline," said James Cordier, founder of OptionSellers.com, a Tampa, Fla., trading firm. "And that really spells trouble for the consumer."

Light, sweet crude for March delivery rose $4.51 to settle at a record $100.01 a barrel on the New York Mercantile Exchange after earlier rising to $100.10, a new trading record. It was the first time since Jan. 3 that oil had been above $100.

Oil prices are still within the range of inflation-adjusted highs set in early 1980. Depending on how the adjustment is calculated, $38 a barrel then would be worth $96 to $103 or more today.

Crude futures offer a hedge against a falling dollar, and oil futures bought and sold in dollars are more attractive to foreign investors when the greenback is falling.

"I really think ... crude oil's going to soar through $100," Cordier said.

At the pump, meanwhile, gas prices jumped 1.8 cents to a national average price of $3.032 a gallon Tuesday, according to AAA and the Oil Price Information Service. Retail prices, which typically lag the futures market, are following oil prices higher. The Energy Department and many analysts expect gas prices to peak this spring well above last May's record of $3.227 a gallon.

Gasoline and heating oil prices appeared to lead Tuesday's wide advance in energy prices due to the explosion Monday at Alon USA's Big Spring, Texas, refinery, which could be shuttered for two months.

"The refinery fire in Texas is making people a little concerned," said Michael Lynch, president of Strategic Energy & Economic Research Inc. in Amherst, Mass.

March gasoline jumped 10.93 cents to settle at a record $2.6031 a gallon, and March heating oil rose 11.45 cents to settle at $2.7614 a gallon, also a record.

A threat by a rebel group in Nigeria to escalate attacks on the nation's crude oil infrastructure helped boost oil prices. The rebels were acting in response to rumors that the government had killed a captured leader, whom authorities later said was safe and well. Militant attacks have cut about 20 percent of Nigeria's crude output in recent years.

For the moment, investors appear to have put aside concerns about the economy that have sent oil prices down into the mid-$80 range twice in the last month. Traders are instead focused on the Organization of Petroleum Exporting Countries, which will meet early next month to map out production plans, and Venezuela, where President Hugo Chavez made conflicting statements this weekend about the country's legal dispute with Exxon Mobil Corp.

OPEC could move to cut production in the second quarter, typically a period of low demand, though many analysts feel that's unlikely. In Venezuela, Chavez said he was not serious about an earlier threat to cut oil sales to the U.S., but also threatened to sue Exxon Mobil. The world's largest oil company is fighting Venezuela's nationalization of an oil project, and recently convinced several courts to freeze $12 billion in Venezuelan oil assets.

Other energy futures also rose Tuesday. March natural gas jumped 31.7 cents to settle at $8.977 per 1,000 cubic feet. Analysts said prices were supported by forecasts for cooler weather, but that futures were also following oil prices higher.

In London, Brent crude for April delivery rose $3.65 to settle at $98.56 a barrel on the ICE Futures exchange.

[Uncle B]

Originally Posted by Bostongambler

We will all be driving bikes soon.

gonna have to do something soon.


i'm kinda glad prices are still going up...maybe if it gets bad enough, we'll finally be forced to break our dependency on fossil fuels..

[Buck Swope]

I remember when prices first spiked it was a short-term post-Katrina supply issue

Now if my neighbor, Hassan Nepal, gets his tooth pulled futures shoot up 10% on the day - complete overreaction on meaningless news

[Total Square]

up a dime for regular from yesterday am

[Uncle B]

Originally Posted by Total Square

up a dime for regular from yesterday am

Anyone know where you can get an up-to-date, state to state comparison of fuel prices? or does it vary too much city to city to do a state to state?

[teazeman]

states vary greatly depending on their tax rate for gasoline.

couple of examples

south carolina is about 8cents per gallon less @22 cents than north carolina@30.5 cents per.

georgia is by far the least taxed on gasoline in the "old south" about 14 cents per gallon total.

federal taxes are the one constant @18.3 per gallon, you also have different municipalities that require "reformulated" product within the same state. the cost of the blends can vary as much as 5-8 cents per gallon.

[Rogthedodger]

http://www.fuelgaugereport.com/sbsavg.asp

[Rogthedodger]

Another helpful site:

Gasoline Prices

[Uncle B]

Originally Posted by teazeman

states vary greatly depending on their tax rate for gasoline.

couple of examples

south carolina is about 8cents per gallon less @22 cents than north carolina@30.5 cents per.

georgia is by far the least taxed on gasoline in the "old south" about 14 cents per gallon total.

federal taxes are the one constant @18.3 per gallon, you also have different municipalities that require "reformulated" product within the same state. the cost of the blends can vary as much as 5-8 cents per gallon.

teazeman make butternutts head hurt..

[Uncle B]

Originally Posted by Rogthedodger

Another helpful site:

Gasoline Prices

thanks, thats what i was lookin for..

[teazeman]

just to add to the thoughts as i've got a few minutes, most of the states including north carolina designate the road tax for a fund and then go about "borrowing" from it to add to the general state fund. our road taxes are not set aside for the sole purpose of maintaining and repairing the highways within our state, i'd bet the same is true no matter where you live. it's a damn shame with the amount of revenue generated by this tax that any state would be without the resources to maintain it's highways. here in north carolina every load of gas that travels to a station generates close to 2000.00 in tax dollars.

[Uncle B]

Originally Posted by teazeman

just to add to the thoughts as i've got a few minutes, most of the states including north carolina designate the road tax for a fund and then go about "borrowing" from it to add to the general state fund. our road taxes are not set aside for the sole purpose of maintaining and repairing the highways within our state, i'd bet the same is true no matter where you live. it's a damn shame with the amount of revenue generated by this tax that any state would be without the resources to maintain it's highways. here in north carolina every load of gas that travels to a station generates close to 2000.00 in tax dollars.

Oh yeah, thats just how it is... they do the same here with education funds that come from the lottery.