double U teee EFFF?!!?!?

[jemz]

So I was driving by my local gas station, my eyes automatically taking note of the gas prices when I had to do a double take.


The cost of regular unleaded is $3.22.

O_O

When yesterday morning it was $3.11 and the day before that it was $3.02. I understand about the situation in Iran affecting the gas prices but dammit, 20 cents in less than 38 hours? And there are rumors stating that oil companies are reporting a record high of earnings.

How much are gas prices in your area? I know I'm fairly California-centric but it always seems to me that California and New York get the highest prices simply for having the most amount of consumers.

Now I have to go dig up my MicroEconomics books to figure out a way to explain this to myself. Something about supply and demand but shouldn't it be that people who demand it more pay a lesser rate than those who do not consume at such a quick pace? Or am I just smoking crack and need to use that $3.22 to buy myself a cup of coffee to get lucid and do some more research on it?


Geeez. Living here is getting damn expensive! >:-[

Here are some articles for you to take a gander at.

*The Governator taking some initiative on the issue

*Some fun article looking at prices elsewhere in the nation and beyond. <~ I don't feel as bad in paying fairly high prices but the public transportation system in the bay area isn't as nifty as it is in NYC or London.

* Driving speed limit may be more energy efficient?

*That SF Chronicle article that article number 2(above) was referring to.

hmph. Time to take another look at that Toyota Hybrid I was checking out last year.



Ohhhh. And another interesting article that made me think of bluebyyou and her man's house in the ghetto EPA. Of course, if you know anything about real estate, you'll realize that zip codes are really, really important when buying a home in California. Zip codes help determine the value of the home as well as what sort of education system your future kids will go to.

Most expensive zip codes?

y0 cousin, that half mile between your house and the other side saved you a couple hundred thousand bucks. >:-]

Comments

[bluebyyou.livejournal.com]

Gas prices does not result from the Iraq war. It's more a product of supply and demand.

China and India are needing more of the oil now since their industries are growing.

People are blaming Bush for all their problems, but this is NOT an overnight thing. The democrats (clinton) vetoed a bill that was proposed 10 years ago which would allow the US to drill in Alaska and other areas in the US. If you leave the country to the Democrats, this place is going to be left in ruins.

In 2004, United States refineries produced over 90 percent of the gasoline used in the United States. Although the United States is the world’s third largest crude oil producer, less than 40 percent of the crude oil used by U.S. refineries was produced in the United States. Net petroleum imports (imports minus exports) account for 58 percent of our total petroleum consumption. About 50 percent of our petroleum imports are from countries in the Western Hemisphere, with 19 percent from the Persian Gulf, and 18 percent from Africa and 13 percent from other regions.

[swtjemz.livejournal.com]

Hmmmm. Interesting. But I would think that there are other factors affecting the prices. I don't the war on Iraq would have an effect but more if the situation in Iran and the nuclear weapons thing became more tense. It's seems so sticky and that no one's hands are clean when it comes to politics and oil.


But still, I mourn for my wallet. *has a nice funeral*


So cuz! When can we come over for another dinner/wine evening? :-]

[rightsock.livejournal.com]

That's correct, because the US crude is high in sulfur. it stinks and generally is harder to use, so we export it to places that don't care as much about pollutino and for use in other processes that don't care/need the low sulfur that you get from the saudi crude.

that's why we don't use much of our own oil.