Would you pay $4.12 PER GALLON for gas?

[Magnumcharger]

Did a little calculating....

1 US gallon = 3.78 liters metric.
Right now, gas is selling for between $1.124 to $1.24 per liter here in Alberta. Average price is $1.18.

3.78 x 1.18 = $4.46 Canadian, for one US gallon.

Todays monetary conversion:  $1 US = $0.925 Cdn or $1 Cdn = $1.08 US

$1.08 US divided into $4.46 = $4.12 US.

What gets me is the fact within only a few miles' radius of where I live, there are literally THOUSANDS of active oil wells, and within a few hours drive there are DOZENS of refineries.

Where's the benefit?

[bull]

We're already paying that or close to it here on the west coast, so yea, I guess we would.

[CharlieCharger]

I know in Houston there is 100`s of millions of gallons sitting in tank farms just looking pretty

[CB]

$7.56   is what we pay for 1 gallon!!
This thing sucks my wallet dry

[70charginglizard]

Seeing that I save almost $100.00 a month by taking the bus during the work week then Id say yes. I'd pay $4.12/gallon on the weekend to drive my charger or my truck around. No problem.

It's all relative depending on how you look and deal with the situation weve been forced to deal with these days.

[bull]

Seeing that I save almost $100.00 a month by taking the bus during the work week then Id say yes. I'd pay $4.12/gallon on the weekend to drive my charger or my truck around. No problem.

It's all relative depending on how you look and deal with the situation weve been forced to deal with these days.

If our bus system (which is also my employer) didn't turn my 20-minute commute into a 90-minute commute I'd do the same. Of course if I want to show up to work three minutes late I could cut that transit time down by 30 minutes.

[Magnumcharger]

It's all well and good to just capitulate and pay the horrendous costs with today's gas prices.
But I have to wonder: Why is the price so high? Especially when you consider the profits the big Oil companies are making right now?
Is it;

1. An attempt by various governments to achieve a reduction in emissions?
2. A method of funding alternative energy sources?
3. Or just good old fashioned, irresponsible price gouging?

Only two years ago, when I moved out here to Alberta, gas was 66 cents per litre. Now it's DOUBLED!

[TheGhost]

Yes.  I would.  I'd complain about it, but I would.


But, I don't drive very much, either.

[Vainglory, Esq.]

We've been over this before.  Oil company profits are not that high.  Yes they seem enormous in raw numbers, but those record breaking numbers come from a 12.5% profit margin, putting the typical oil company in the bottom 25% of profitability when stacked against other companies of similar magnitude.


The real question here is not about the oil companies' profitability at all.  The real question is "what is it worth TO YOU?"

[bandit67]

  I will before I walk. Now when it cost me more to drive to work than I make at work, my life will really change...........J

[Rolling_Thunder]

I had to pay $4.99 a gallon for 87 octane on my way out to vegas...      turns out the fuel gauge in the Vert Coronet I was driving was a little off....     $89.23 got me a full tank....     took 17.88 gallons....      close call

[Brock Samson]

I guess I would being as my Cars are my passion (along with my guitars and Music Generallee) But there will come a time when the folks on the bottom of the economic food chain will be priced out of the hobby by the escalating prices of $2,500 fenders if not $5.00 and $6.00 per gallon gas prices,..
Gas is approaching that price here now,.. probably will be next Year at this time...
I remember when I paid 50 Bucks for a cherry drivers side fender and $250 for a complete perfect '69 grill... back when gas was $1.15 per Gal. I had too work two jobs then and only work on my Frankenstein as i could afford to,.. so things are relative...

How many folks have had to give up their Cars because a new Baby was due, or it was time to buy a Home? 

[HITMAN 149]

gas in jersey by my house is $2.86 a gal. for reg...heard something that by juyl 4th could reach $4.00!!!!!!!!!!! BASTARDS!!!!!!!!!!!!
that is why my monster dodge ram pick up is sittin in the drive way & i picked up a lil 4 cy (2.5 squirrell power!! LOL) hyundai 5 sp. to commute with!! i get about 30-35 mpg!!! no power windows...not even friggin air conditioning!!!! contemplating spending the $800-$900 bucks to install air at the dealer!!! it gets awfully hot,humid & sticky here in the summer!!!!!!!! phewwwww!!!!

[Chargen69]

I just bought a honda that saved me $256 in the first month compared to by suburban, so yeah I'd pay $4 no sweat (it'd be like $2 a gallon in the truck)







oh, and we'll probably pay whatever they charge us.  But I have done what I could to cut down my consumption

[HITMAN 149]

OMG!!!!!! last year i added up what i spent a month on gas using the truck (which gets @ 9.5mpg ) it was $600-$650 a month!!!!!!!!!
BASTARDS!!!!!!!!!!!!!!

[Brock Samson]

"that is why my monster dodge ram pick up is sittin in the drive way & i picked up a lil 4 cy (2.5 squirrell power!! LOL) hyundai 5 sp. to commute with!! i get about 30-35 mpg!!! no power windows...not even friggin air conditioning!!!!"

    ... about time you change your Sig. eh?. 

[HITMAN 149]

okay brock!!! LOL

[firefighter3931]

Gas prices are crazy  ....just this week we were filling up the Pumper at a commercial refueling station that also sells race fuel (104 octane) in 20liter (5 US gallon) pails and the price was $91.00....holy $hit !!! 


Sure am glad that mine was built to run on pump 93....about $5.00 a gallon up here 



Ron

[Mike DC]

 
"Children, raise your hands if you suspect that gas prices are gonna continue to rise, higher than inflation by a WIDE margin, for the forseeable future."

    (the whole class raises its hands)

"Okay.  You can choose to complain about it, or you can dump all your savings into Big Oil stocks and benefit from it.  These companies are as powerful as many small countries, they're efficiently run, and they have a history of transferring the wealth directly from consumers to their stockholders."
 
 

[moparguy01]

i spent 6.90 a gallon on 110 leaded the other week, so i guess i cant complain about 4 bucks a gallon. but it does suck.

[Bandit72]

i'm gonna buy a VW Rabbit lol...my buddy went and got one, and with that little deisel and a 5 speed he gets around 50-55mpg 

[Magnumcharger]

http://money.cnn.com/2007/05/24/news/economy/record_gas_thurs/index.htm?postversion=2007052407

for a good read.

[Vainglory, Esq.]

http://articles.moneycentral.msn.com/Investing/SuperModels/TheTruthBehindThoseGasPrices.aspx

For a better read.