gas prices?
 

I will be in California, Utah & Wyoming in a few weeks. Can anyone give me the approximate price per gallon for unleaded?

You should expect to pay $2.25 to $3.00 per gallon, depending on location, for regular. The prices in a number of areas are already over $2.00 and headed up ... hihgh test is over $3.00 some places ... and all this despite what W. says about protecting us from price gouging. And this price increase is occurring, you will notice, before the real demand for gasoline begins with the onset of summer vacation driving. This week two major oil companies reported revenues over 50% higher than this period last year. There are in fact no shortages (despite the Tosco fire in LA last week) ... it is classic gouging. So, be prepared to pay thought the nose, but by the polls, higher prices will have no negative effects at all on people's driving plans. The oil companies recognize this, so you cannot expect to see any relief in prices for at least 3-4 months. There will be major pressures to forced down gasloine prices before they drive the US into a deep recession. But who knows when the oil companies plan to relent. Soon, I hope, but don't count on it.

Here in chicago, we have the second highest gas prices in the nation (behind San Francisco) We are already paying over $3.00/gallon for regular unleaded in the city, suburbs a little lower. all prices are expeceted to rise through may and June!

As of today in Salt Lake City...Regular Unleaded is in the $1.43-$1.47 range..but I assume it will change soon..

There is no reason, except theft, that gas prices should be so high. Yesterday the price of crude was slightly over $25.00 a barrel. This was the price when gas $1.21 a gal. It was only $1.35 when crude was $28.00. <BR> <BR>There is a nationwide movement to boycot one large company - Exxon-Mobil. The reasoning being: If one of the largest companies has gas running out their crooked ears, they will have to drop their price. This will have a domino effect and all others will have to drop theirs. <BR>This will work if everyone complies. So put a letter on the net and send it to everyone you know and have them do the same. Those who are not willing to work to bring down prices deserves to be gouged. I am responsible for over 200 letters,that I know of, being sent out. <BR>Hopefully this will turn into thousands.

There is a perverse kind of comfort in knowing that, this year, San Diego is not alone in paying ridiculous prices. We had prices like these last year, but they'll probably be even higher this year.

We like to roadtrip and unfortunately, since we are expecting to pay more in gas we have to budget for more fuel and less other amenities. So, we will be spending less $$ in the cities we visit so that we can pay to get there. <BR> <BR>What a cruel situation. Vacation destinations are going to suffer because of such high prices and for what? Higher profits for a few companies. Or, people will just be charging more than they can afford on their credit cards. (again, sad situation) <BR> <BR>Sheli

Dear L, <BR> <BR>The person wants to know what the prices are now, not some guesstimate based on media coverage. San Diego $1.79-$1.91. <BR> <BR>Regarding your comment about gouging, the profit increase was 44%. The total profit margin was only 6.5%, hardly an obscene ROR.

Does anyone know what prices are in Yellowstone?

Dear Info: <BR> <BR>Lets cut through the mish mash and get to the core issue ... oil company earnings: See page C7 of the NY Times of April 26. Chevron reports first quarter profits up 53%. Similar for Unocal and Amerada Hess and others. These are not media data. By the way, Chevron is so flush with cash it will acquire Texaco ... what does that do to the little remaining competition?. Not to pick on Chevron, but take a look at its net income increase measured by return per share ... up from $1.59 last year to $2.49 today. It was not only oil pricing but soaring gas prices that aided these companies. More examples: Unicol's net earning per share is now $1.35 vs. $0.57 a year ago. Hess reported $3.79 a share vs. $2.47 a year earlier. You may cite San Diego current pump prices all you wish ... BANKR is travelling "in a few weeks" ... thus was I out of line to predict what he may find in the three states he/she cited? The prices are rising very rapdily. Please stow the "total profit margin" of 6.5% ... that is hardly reality, and it makes you sound like an apologist from the API or similar industry organization. Don't mean to be rude, but even W. gets the picture. These are mutli-national firms ... they are gouging the U.S. just the way they act everywhere else. It's a good thing for the oil firms that we have Big Tobacco ... makes 'em almost look good by comparison.

Look. BANKR, don't bother us with those petty issues like gallon price in a national park ... we're busy debating the big issues here. Go find you own thread. :&gt;&gt;

I wasn't sure that you would be heading this far north but in Alberta right now, (Southern Alberta), it is 61.5 cents a litre. 4 litres are approx. a US gallon. So $2.46 a gallon Cdn. but your dollar is worth $1.51/Cdn. right now. Hope this helps.

Info: Evidently you don't know the whole truth. <BR> <BR>ExxonMobil - 1st qtr. this year 5 billion net profit. Gross revenues were up 5% over same period last year while profits were up 51%. You think this is not price gouging? First qtr. this year they bought back 17.5 million shares of their own stock at a cost of 1.4 billion. Do you think they knew what they were going to do? Hell yes. Crude prices dropped from 28 to 25 dollars a barrel but still there's a big jump in in the price of gas!!! <BR> <BR>I have the whole NASTY picture of this company. Also, I used to work for Mobil. I know what crooks they are. I WILL NOT buy their diesel for my pickup. In fact it only rolls on a "have to" basis until prices drop to a reasonable level. <BR> <BR>Only oil companies can get by with CONSPIRACY.

I'm not going to address the whole price gouging and conspiracy thing, but remember that we still have incredibly cheap gas in this country. I lived in Ireland for a few years and paid around $5 a gallon. <BR> <BR>BTW, I paid $1.74 in Alexandria, Virginia, yesterday.

One additional item: a bill is being pursued in CA to offer a bounty of $1 million for anyone who presents information substatiating gouging. And a penalty of 10% of gross on the oil companies. Evidently passage is a problem. But it does show where some are with this isue of gouging. BTW, what is paid in Ireland is hardly relevant to what is being charged here and the record profits being reported. And In Alexandria, VA. just a few weeks ago, we were buying it for $1.40 or so. Hard to explain a big increase, wouldn't you agree ... unless you accept the obvious: Gouging.

Info: I just bought gas in San Diego half an hour ago. I thought I was lucky to find somewhere selling the mid range for $1.89 a gallon. Closer to my home, it's #1.95 for the same gas, with the top being $2+.So, if you know where to get it at the prices you quoted, please let us know. they'll get lots of business!

Folks, all Iwanted to know were gas prices, which is an apprpriate question for this forum. Grinding an axe here won't help my budget planning process.

Bankr, this is a class website ... we give you the data, and we also give you the context. Don't bite the hand that feeds you. What you learned by the way, included the fact that prices are rising right now ... and why. Any number you get today will doubtless be out of date next week. So, if you think a single number is doing you a real service when you plan your travel budget, well think about it .... My suggestion: whatever number you get ... inflate 20-30 percent.

Dear L (and others), <BR> <BR>Your original 50% increase in profits comments led me to quote the actual 44% increase for Exxon Mobile. I stand by my ROR facts. A lot of companies are sold or go out of business with a ROR so low. It is not obscene at all. It means that last quarter the ROR was only 4.5%. <BR> <BR>I hate the use of partial facts to support an arguement. <BR> <BR>Since I do not know of the others I cannot comment. <BR> <BR>Barb, <BR>I bought gas at the Mobile at I-15 and Poway Road for $1.79 (Tues eve); the Unocal across the street was $1.91.

Info, I hate to say it, but that's a lot of BS. Okay, if you wish to prove your point, all you have to do it name the U.S.&gt; oil companies which have folded during the past two years, not merged or bought out, but folded. And also give their poor net earnings that drove them out of business. No accounting devices, please. ROR ... LOL. Just name the poor bankrupt oil companies so we can all shed a tear. And while you're at it, would you care to share with us which of these firms you hold stock in? It's Friday ... I'm going to try to be halfway empathetic with poor ole big oil!!!

The automobile has ruined the countryside and the cities of America, yet we still pay the cheapest prices in the world for gas. If there was any justice, gasoline would cost $10 a gallon through taxation and the revenue would be used to build public transit systems. I have sympathy for the people who must drive to work because there is no other optiom--they are being taken advantage of by big oil--but I also must admit to a measure of glee at the high gas prices. It's time we factored in some of the external costs of internal combustion.

Jim, that's easy: get Congress to impose a $4-5 tax per gallon, place the proceeds in the Highway Trust Fund, and then get Congress to permit a bigger slice of that trust money to go to public transit. Get a better DOE to do more research into fuel efficient vehicles. Get the states off the public spigot ... they love to get their tax share via formula. Well, you see the problem. Lots of luck with W.

You HAVE to use accounting devices when you are talking about a company's financial picture, because accounting rules are what shapes that picture. You simply can't separate the two. <BR> <BR>But as I haven't read the stories regarding so-called profits for the oil companies, I can't get into a detailed discussion. Guess I should go back and have a look.

Ann, I would think a useful measure of a firm's financial health might might be earnings per share ... what investors are paid when they share in the results of the company's success. That measure certainly appears to be uesd a lot in the NY Times business pages and throughout the Wall Street Journal. Would I be off base thinking that is one indicator a potential investor might look at in deciding? If that trend were up, and significantly so, would I be unreasonabe in believeing that says something positive about the company's health? I have suggested that "Info" list the oil companies doing business in the U.S. that have gone out of business in the past two years. He or she seems to be making a case for the higher prices at the pump.

Info: And I bought mine in Scripps Ranch, across from Vons, because the Mobil you went to has already raised its prices!

I have never understood Jim's viewpoint because it would never, ever work on our vast plains. Public transportation works for desensely packed urban areas or in places like Europe where you can get to the next country by afternoon. The USA is HUGE. How do you think you get your food and most every other object you use every day? TRUCKS, and to a much lesser degree, trains do the transporting. It's not just people who move around. All costs are passed on to consumers. We need a new non-polluting energy source and that will come from some entrepreneur or group that will do there thing with less government not more.

L, <BR> <BR>I *am definitely not* making a case for the higher prices. I just objected to your snippet of info regarding the 50% increase in profits without disclosing the real ROI (sorry I was using ROR earlier). I hate partial facts. BTW, I do not own any oil stock. <BR> <BR>Barb, <BR> <BR>The Arco off Scripps Poway Pkway is $1.79 this morning (Friday). Hey! We're almost neighbors!

Well, Info, I'll leave this site now. I'd only hung around to see your list of failed oil companies (I've been looking for a good laugh all day). So, you were not making a case for higher prices? That, Info, is what we have been talking about this entire time, and how the companies manipulated those pump prices skyward to increase their profits (as I depart, please allow me to introduce a new, replacement term for your ROR ... ROM ... return on manipulation). Have a good weekend at the pump.

I understand the inflationary process/I was just using this forum to get prices and I would inflate them accordingly. Thanks to those who gave facts and not theories.