Gas prices rising

[jambo101]

With all this instability in the arab world i just knew the oil companies would use the situation to raise gas prices.
Fortunately i had the presence of mind to see this coming thanks to the summer of high prices a few years ago and so back in 08 bought the Yaris
Now i get to laugh at all the people who didnt see the writing on the wall and bought big suv's and trucks for nothing more than daily transportation..

[big lo]

Yeah, ain't that the truth. Out here in PR we are paying .80 cents by the liter, I remember when it was .39 cents and yeah a few months back it got up to 1.00 here its all monopoly bro.

[jambo101]

$1,26 a liter here in Montreal today..

[detroiter]

I remember back in july 2005 while I was in Japan, it was roughly about $3.00 a liter.

[thebarber]

filled the aveo up last night at 116.9

gas is 120.6 this morning...

yeesh

[Bluevitz-rs]

Yeah it was 117.7 yesterday here. I'm glad I only need to fill up every couple of weeks.

Oh and if anyone uses Petro-Canada they still have a .05¢/L off cards good for 200L, available for 12,000 Petro Points. It saves me a little over $2 a fillup. And being a student, every dollar helps.

[Kal-El]

Oil companies have little to do with gas prices.

OPEC speculators basically set the value on a barrel of oil. Oil companies obviously have to sell gas based on what they pay for crude.

The other biggest cost factor is taxes which is why America has among the lowest prices. Those countries that pay $5,$6, even $8/gal are being screwed with outrageous taxes. Has very little to do with oil companies.

Believe it or not, oil companies have only modest profit margins. Much lower than many industries. Their profit sheets look high because of economies of scale.

[TRDMarty]

Last night on ABC World News, they predict that by May this year the average price for a gallon of gas in the US will $5.00
I'll just keep driving the FerrYari @ 40 plus miles per gallon and leave my V8 vehicles in the garage.
Just this morning I paid $3.57 for regular here in So Cal. Its just a $1.50 away from $5.00

[big lo]

Today .85 and rising

[racerb]

The bottom line on all this, is that the minute the Oil Companies here that the price of a barrel of oil is going to rise, they jack up prices at the pump. This even though the fuel in their tanks was purchased at the lower cost, we the consumer's take it on the chin before they even have to start paying more per barrel. It really sucks when you know the US has huge oil reserves that the "Enviromentalist" want let us touch!!

[echaru]

I wish my salary goes up the same way as the gas prices. I've been in wage freeze for almost 3 yrs now and cost of everything's still going up. I just filled up on Monday @ $2.92/Gallon and Tuesday the price went up to $3.29/Gallon

[Robbie]

I paid $1.42.6 per litter last week here in Australia... That's the highest I have ever had to pay so far

[Hershey]

This should help the resale value of the YARIS , but will likely put a pinch on the discounts for new or used YARIS . The 2008 YARIS we have only had a discount of $400 if I remember right . This was due to empty lots and people having preorded the YARIS during the last spike of gas prices . Think it was over $4 for 87 at that time .

[tk1971]

Here in California, our gas is "special" (just like our people), so that means our gas is formulated to meet extra emission standards. I remember when they first put in MTBE, just to phase it out in less than 10 years after finding out that it gets into ground water.

[racerb]

My search for a '07-'08 Yaris has just intensified, filled the Rav up the other day cost nearly $40. Then my wife calls saying she put $35 in the Tundra and got like half a tank, she's out right now looking for gas under $3.30 a gallon, so she can fill it up all the way. We're paying $3.20 plus a gallon in a State where most people are luck to make $20,000 a year if they can get a job at all!!!

[MUSKOKA800]

[QUOTE=racerb; "she's out right now looking for gas under $3.30 a gallon, so she can fill it up all the way. [/QUOTE]

Driving the guzzler around looking for cheap gas??? An internet search would be more cost effective.

Around here they all go up simaltaneously staying within a cent per litre. But, according to our government watchdog there is no price fixing. No communication between brands. Just strange coincidence over and over and over, year after year.

[racerb]

Originally Posted by MUSKOKA800

Driving the guzzler around looking for cheap gas??? An internet search would be more cost effective.

Around here they all go up simaltaneously staying within a cent per litre. But, according to our government watchdog there is no price fixing. No communication between brands. Just strange coincidence over and over and over, year after year.

I know that sounded like she was just out riding around, actually she was visiting her father, and was comparing prices on her way back to the house. And it really isn't a guzzler, it gets between 18-20mpg consistantly!

[Betrivent]

And I thought BC got shafted with highest prices in Canada.. We're over 120. But then I haven't fileld up for nearly a week and a half so I haven't paid any attention ;)