Originally posted by bonehead
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In a first, gas and other fuels are top US export
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sigpic"If your plan is for one year, plant rice. If your plan is for ten years, plant trees.
If your plan is for one hundred years, educate children."
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Yesterday´s average price in Finland was 7,47$ for a US gallon...
Originally posted by Gun Grape View PostCompared to most of the world we have nothing to complain about when it comes to gas prices.
Maybe some of our fellow WABbits could pipe on if they think that $3.26 ($3.54 premium) is expensive for a gallon of gas (US daily avg).
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A Further Look At U.S. Refined Petroleum
UC-San Diego economist James Hamilton provides this look at the emerging trend in U.S. refined fuel exports-
U.S. Net Exports Of Petroleum Products, ECONOBROWSER Dec. 25, 2011
America still consumes more than double our nearest competitor-the PRC. OTOH, American consumption of crude has fallen about 1.6 million bbls/day to 19.1 million bbls/day (2010 est. CIA Factbook) since 2004. How much of that can be attributed to the declining economy versus conservation measures is unknown to me but, to be fair, some can be ascribed to each. With new sources of shale becoming increasingly available from N. Dakota south to Texas (ask Chogy), an accompanying decline in U.S. prices at the pump may spur an increase in domestic consumption as the economy heats up.
Locally, I've seen prices fall on basic unleaded gas from about $3.69 to $3.16 per gallon since mid September. That's nearly as low as the $3.12 per gallon price I paid in February 2011."This aggression will not stand, man!" Jeff Lebowski
"The only true currency in this bankrupt world is what you share with someone else when you're uncool." Lester Bangs
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hmmm... it's actually fairly cheap in Taiwan, unless I'm doing the math wrong... today it's at 31-32 NT a Liter, 31-32 NT = slightly more than one US dollar (like 1.05) and 1 galleon = 3.785 Liter.. so that means we're at roughly 3.97 USD per galleon here.
Horrah for State controlled oil company ?
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Glad to hear from you Wellman! Happy New Year!
I wonder what gas costs in Saudi Arabia?
http://money.cnn.com/pf/features/lis...bal_gasprices/ .
http://www.infrastructurist.com/2011...l-perspective/
It looks like Venzuela has the cheapest gas.Last edited by USSWisconsin; 02 Jan 12,, 05:33.sigpic"If your plan is for one year, plant rice. If your plan is for ten years, plant trees.
If your plan is for one hundred years, educate children."
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How many of these high prices are simply layers of fees and taxes designed to enrich treasuries and/or promote certain consumer behaviors? A gallon of gasoline has an intrinsic worth, and it is NOT $7.00 per gallon.
If you let oil companies and refineries slog it out in true open competition, without taxation and fees per gallon, what would the fuel actually cost consumers?
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Originally posted by RollingWave View Postoh, it should be noted also, that in Taiwan the vast majority (like 99%) of pumps are manned (though it's basically the lowest entry job here, even many handicapped folks can do it and it's pay reflect that.), so gas stations do have higher fixed costs there .Removing a single turd from the cesspool doesn't make any difference.
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chogy,
If you let oil companies and refineries slog it out in true open competition, without taxation and fees per gallon, what would the fuel actually cost consumers?
this is the main issue with treating oil as just another commodity-- it's not. it's absolutely necessary for modernity and thus nations will treat it (quite understandably) as a strategic resource in which market rules can and should be bent.There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "My ignorance is just as good as your knowledge."- Isaac Asimov
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"...this is the main issue with treating oil as just another commodity-- it's not..."
Crude might be close to a commodity-if still strategic in some (OPEC) respects. Value-adding by refinement or costs for transportation changes the bbl price before it enters its destination in a usable form. At that point, governments pile on with their taxes.
Correct me if my view is wrong."This aggression will not stand, man!" Jeff Lebowski
"The only true currency in this bankrupt world is what you share with someone else when you're uncool." Lester Bangs
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