Red2011GTI
Go Kart Champion
1gallon=4.52litres
Oz petrol price (gas)
1.53/Litre aussie
Or - 6.93/gallon Aussie
$7.41/gallon USA!!!!!
You guys don't know how GOOOOD you've got it
BTW it is 3.8 liters per gallon
1gallon=4.52litres
Oz petrol price (gas)
1.53/Litre aussie
Or - 6.93/gallon Aussie
$7.41/gallon USA!!!!!
You guys don't know how GOOOOD you've got it
Bingo! I drive 24,000 miles a year and wont change until its over 6 bucks a gallon
Maybe this means that VW will bring back the GTD. :thumbsup:
$87 last fill. $1.68/Litre
I work for a very large retailer... in 08 when oil prices peaked all kinds of non sense was happening all our vendors were hitting us with surcharges everywhere, frequently making profits by "hedging" against future prices.
Everything started getting downsized (13oz lays were now 11.5oz) to provide the illusion of no cost increases on the same product.
Anyways, the recent jump is pretty troubling, we're almost at 08 levels here in cali again.
It's basically speculative futures trading that drives up the price at the pump. It doesn't necessarily translate to the rising cost of drilling it out of the ground. Since oil is a commodity, the sellers (exxon, bp, etc) sell their oil for whatever the market price is. Because people speculate that either demand will increase/supply will decrease in the future, prices go up immediately.
tl;dr oil companies make lots of money because what it's being sold for is nowhere near what it costs for them to drill.
blame speculation. If you make that illegal, or better yet, KILL ALL SPECULATORS and make the job less desirable then, you'll see far better pricing. Anytime a dictator farts in the middle east, prices rise, because speculators expect a oil catastrophe, or shortage. They use any reason feasible to create a panic. It's complete bullshit, and a way to cut more coin from the hands of the people.
blame speculation. If you make that illegal, or better yet, KILL ALL SPECULATORS and make the job less desirable then, you'll see far better pricing. Anytime a dictator farts in the middle east, prices rise, because speculators expect a oil catastrophe, or shortage. They use any reason feasible to create a panic. It's complete bullshit, and a way to cut more coin from the hands of the people.
Is that sarcasm? I hope it is because another word for speculation is "investing." Shall we make investing illegal too? How dare you buy stock in a company now and hope it appreciates in value to sell it later! How dare you buy bonds and hope to redeem them for extra money in the future!
Why complain? Isn't going to solve the equation.
We need more vehicles with alternate fuel choices.