OT: Gas Prices, Seen this on PCH Options

[jim_hoyland]

Was wondering why so many cars were at this station in Sunset Beach this am

[Mueller]

I'm in Covington, LA right now, $1.42 across the street.

Going to FL* tonight, will see what the prices are there

*Disney World!

[r_towle]

I'm in Covington, LA right now, $1.42 across the street.

Going to FL* tonight, will see what the prices are there

*Disney World!

gotta be the lowest on the east coast....there are no shipping charges in LA....its a hose connected directly to the refineries.

Rich

[Tom_T]

gotta be the lowest on the east coast....there are no shipping charges in LA....its a hose connected directly to the refineries.

Rich

No Rich,

It's actually connected through the cheating oil companies' HQs first, where it goes in cheap, then mysteriously comes out $1+ higher along with claims that CA gas is harder to manufacture/refine, oh the refiner is down for maintenance, etc., etc.!

The current scam BS on CA gas prices is nothing new though, cuz I worked for Texaco at their Wilshire Blvd. Western HQ in 72-74 as one of my college part time jobs drawing map trips (remember those free vacation trip map request postcards at the Texaco gas stations?), which was during the first "Oil Crisis".

We were all commiserating over the even-odd every other day gas & max. 10 gals per fill-up & gas going from $0.25-0.28/gal to $0.85-1.00 IN A WEEK - when one of the petro-engineers from "upstairs" came in for some maps & overheard us, so he told us it was all a put-on & took us upstairs & showed us reports of all the refined gas being stored in the tanks usually filled with crude, tankers doing circuits in the ocean until "the crisis" had passed, etc. I have a buddy whose Dad worked the rigs in the Gulf who also corraborated that he saw 100's of tankers sea-anchored in the Gulf on his helicopter flights to/from the rigs back then.

It was an utter fabrication & market manipulation then, as is the higher CA gas now. The CA Attorney General got wind of it back then & took Texaco, Shell, Chevron, Exxon, etc. to court on charges - which they won the case against big oil about a decade later - & each oil company was fined $1000! .....NO, I did not forget any zeros!

Today, OPEC & the Saudis have decided that too expensive oil makes shale, tar sands, fracking, well steam injection, etc. too viable - making US & Canadian oil competitive .... & worse - self-sufficient .... so they've turned on the spigots to drive the prices down & close up those operations in US/Canada. So yeah, it'll go back up again, when they're satisfied that enough supply from here is shut down, but only so much higher that they can't restart.

As my MBA Macro-Econ professor used to say about OPEC & oil: "market manipulation at its finest!"

So bend over (IMG:style_emoticons/default/bootyshake.gif) & get ready to be (IMG:style_emoticons/default/sheeplove.gif) ...again! (IMG:style_emoticons/default/mad.gif)

... to borrow from a song back then...
Oh Happy Days .... for now! (IMG:style_emoticons/default/beerchug.gif)
Tom
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PS - I was wondering when ole buddy Curt would chime in with Okie prices! (IMG:style_emoticons/default/biggrin.gif)

.... CA has always been held ransom at higher prices - even before Cal-EPA was around, & despite healthy oil production & refining right here! The ransom now is $1.00-1.50! (IMG:style_emoticons/default/dry.gif)

BTW - More recently, going from $1.00 gas in CA in 2000 up to $4.00+ in the mid-2000's was 400% in a few years - rather than a week - so I huess they think they can eak it up & we won't scream & moan as bad while we're being (IMG:style_emoticons/default/sheeplove.gif) ! (IMG:style_emoticons/default/dry.gif)

[BobMC914]

Tom, LA here means Louisiana, not Los Angeles, close to ports, the gulf, Texas, and lots of refineries.

As someone in the oil industry lucky to still be employed, I'm happy to be paying less, but praying the prices go way back up.

gotta be the lowest on the east coast....there are no shipping charges in LA....its a hose connected directly to the refineries.

Rich

No Rich,

It's actually connected through the cheating oil companies' HQs first, where it goes in cheap, then mysteriously comes out $1+ higher along with claims that CA gas is harder to manufacture/refine, oh the refiner is down for maintenance, etc., etc.!

The current scam BS on CA gas prices is nothing new though, cuz I worked for Texaco at their Wilshire Blvd. Western HQ in 72-74 as one of my college part time jobs drawing map trips (remember those free vacation trip map request postcards at the Texaco gas stations?), which was during the first "Oil Crisis".

We were all commiserating over the even-odd every other day gas & max. 10 gals per fill-up & gas going from $0.25-0.28/gal to $0.85-1.00 IN A WEEK - when one of the petro-engineers from "upstairs" came in for some maps & overheard us, so he told us it was all a put-on & took us upstairs & showed us reports of all the refined gas being stored in the tanks usually filled with crude, tankers doing circuits in the ocean until "the crisis" had passed, etc. I have a buddy whose Dad worked the rigs in the Gulf who also corraborated that he saw 100's of tankers sea-anchored in the Gulf on his helicopter flights to/from the rigs back then.

It was an utter fabrication & market manipulation then, as is the higher CA gas now. The CA Attorney General got wind of it back then & took Texaco, Shell, Chevron, Exxon, etc. to court on charges - which they won the case against big oil about a decade later - & each oil company was fined $1000! .....NO, I did not forget any zeros!

Today, OPEC & the Saudis have decided that too expensive oil makes shale, tar sands, fracking, well steam injection, etc. too viable - making US & Canadian oil competitive .... & worse - self-sufficient .... so they've turned on the spigots to drive the prices down & close up those operations in US/Canada. So yeah, it'll go back up again, when they're satisfied that enough supply from here is shut down, but only so much higher that they can't restart.

As my MBA Macro-Econ professor used to say about OPEC & oil: "market manipulation at its finest!"

So bend over (IMG:style_emoticons/default/bootyshake.gif) & get ready to be (IMG:style_emoticons/default/sheeplove.gif) ...again! (IMG:style_emoticons/default/mad.gif)

... to borrow from a song back then...
Oh Happy Days .... for now! (IMG:style_emoticons/default/beerchug.gif)
Tom
///////

PS - I was wondering when ole buddy Curt would chime in with Okie prices! (IMG:style_emoticons/default/biggrin.gif)

.... CA has always been held ransom at higher prices - even before Cal-EPA was around, & despite healthy oil production & refining right here! The ransom now is $1.00-1.50! (IMG:style_emoticons/default/dry.gif)

BTW - More recently, going from $1.00 gas in CA in 2000 up to $4.00+ in the mid-2000's was 400% in a few years - rather than a week - so I huess they think they can eak it up & we won't scream & moan as bad while we're being (IMG:style_emoticons/default/sheeplove.gif) ! (IMG:style_emoticons/default/dry.gif)

[Tom_T]

Tom, LA here means Louisiana, not Los Angeles, close to ports, the gulf, Texas, and lots of refineries.

As someone in the oil industry lucky to still be employed, I'm happy to be paying less, but praying the prices go way back up.

I hear ya Bob! ... & agree with you on the jobs & healthy business angle.

My "PS" bit on the current situation with OPEC/Saudi was getting to your point, since many states with the more expensive means of extraction are suffering high unemployment in the oil industry - after the boom. I see all sorts of distressed real estate for sale ads from those regions every day!

However, to most in the rest of the world outside of Louisiana, "LA" means Los Angeles! (IMG:style_emoticons/default/laugh.gif) ... sorry, but that's the facts!

No slam on your LA, as I have loads of buddies in your neck, as well as transplants out here, & I LOVE Mudbugs, Gator & Cajun food! (IMG:style_emoticons/default/drooley.gif) (IMG:style_emoticons/default/chowtime.gif)

Not against employment & fair market pricing, just against artificial price manipulation .... but we here in CA get screwed on the gas prices, as evidenced from my history above & the current prices around the US.

I'm not in petro at all - other than filling up the car, but my Dad was a petro-chemical chemist with Koppers & Whittaker for years (urethane varnish & paints come off his patents).

I just happened to help pay for college with that Texaco job while studying Architecture (I work in real estate development/consulting, design/planning, etc. since), since I'd done road trips with the family San Diego to Pittsburgh every year & other places - so I actually knew where to rout people (most of my coworker students there didn't & had to ask).

Best! (IMG:style_emoticons/default/beerchug.gif)
Tom
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