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I DO WINDOWS
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Discussion Starter #1
Just to make you all feel better … gas is 89 cents a liter here.

1 U.S. Gal = 3.785412 Liters

$0 .89 Canadian x 3.785412 = $3.36901Canadian for U.S. gal

EXCHANGE Canadian to U.S. today is .8268 = $1.00 U.S.

$3.36901 x .8268 = $2.7854 U.S. a U.S. gal

$2.78 a gal. What do your pumps read?

Now those in England can add to this and make me feel better.
 

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Calif. GA$

I think I paid about $2.39 for mid grade last week.

Any one know what that is in 1970 bucks?

edit: google scores

In 1970, $2.39 from 2003 is worth:
$0.50 using the Consumer Price Index
$0.62 using the GDP deflator
$0.48 using the unskilled wage
$0.32 using the GDP per capita
$0.23 using the relative share of GDP

edit2: The www.bls.gov calculator says that

In 1970, $2.39 from 2005 is worth:
$0.48 using the Consumer Price Index

And this neat chart seems to show that gas prices (adjusted for inflation) are about the same as they were in 1950.
 

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Enjoying life as it comes
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5,210 Posts
1970 Bucks

beer100 said:
I think I paid about $2.39 for mid grade last week.

Any one know what that is in 1970 bucks?

edit: google scores

In 1970, $2.39 from 2003 is worth:
$0.50 using the Consumer Price Index
$0.62 using the GDP deflator
$0.48 using the unskilled wage
$0.32 using the GDP per capita
$0.23 using the relative share of GDP

THAT WOULD BE, ALMOST A FULL TANK THEN.
 

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Don't care what the stats show. Gas is still to high when you consider the profit margins the gas producers are getting from the price gouging. For us to be one of the richest countries in the world, as well as the savior of most of them. It's a shame that we still rely on imported oil. What happened to our oil producing states like Texas, Oklahoma, and Alaska. Our government has let control of OUR oil production go down the toilet so that we can be friends with these "friendly" oil production countries. So with that off my chest, ya'll have a good day. :banghead :skep :nopity :grouphug :flag
 

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SSR Owners Group
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$2.51 per gallon Regular @ Chevron this morning...

I remember as a kid pumping gas for dad @ $0.249 - so since MY childhood - gas prices have risen 10 fold....
 

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Enjoying life as it comes
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my .02 cents

My theory on this oil situation is, the oil companies have decided that importing oil from overseas is less expensive for them than pumping it from our own soils,as well as, when the oil is pumped dry from them then they can turn around and pump from our soil again, sell it to everyone at a much higher profit to, due to our homeland oil companies being the only ones left with the product of such desire. The only winner here is the oil company not the general poeple.

With this in mind, I'm all for finding alternative fuels that are replenishable. :yesnod

Maybe check with some of them old moon shiners that were rumored to run there vehicles on moon shine instead of gas. A true party on wheels, kind of a rolling liquore tin. ha ha. :lol

Anyway, drive it and enjoy it while we can afford it. :flag
 

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froberts said:
Don't care what the stats show. Gas is still to high when you consider the profit margins the gas producers are getting from the price gouging. For us to be one of the richest countries in the world, as well as the savior of most of them. It's a shame that we still rely on imported oil. What happened to our oil producing states like Texas, Oklahoma, and Alaska. Our government has let control of OUR oil production go down the toilet so that we can be friends with these "friendly" oil production countries. So with that off my chest, ya'll have a good day. :banghead :skep :nopity :grouphug :flag
We have 25 offshore drilling rigs operating daily in the Gulf of Mexico - some in over 8,000 feet of water (floating rigs). Technology expense to push us out that far has been astronomical over the last ten years. Ten years ago, 3,000 feet was deep water. We work for the oil companies and some of the deeper rigs cost them over $200,000 a day for the rig alone and over $500,000 a day for total costs. And this is with no guarantee of any payout.

Anybody thinks the government controls our oil production just doesn't understand the business. A year ago, with lowered oil prices - those same rigs were losing their ass at $80K a day. These are HUGE vessels with crews of well over 120 people on board. We lost money three years running. When the price is up, the activity increases. Supply and demand control price and price controls exploration - simple as that.

The Demand side is changing drastically - with China and India creating massive demand where none was before. Don't look for this to change anytime soon. That chart from beer100 is spot on - on an adjusted basis we aren't paying any more than we did in the 50's. We still have the cheapest gas by far of any nation in the world - and that's due to the people who work two to four weeks in a row without a day off in some of the harshest conditions known in any industry.

Now that's off MY chest. :boxing

Pic is the Ocean Confidence - 8500 water depth - 35,000 well capability - bunks 144 people - and it's fully crewed!!
 

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I DO WINDOWS
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Discussion Starter #10
filler up, Mac

Yep you guys have it good, My $2.78 price is for REG. And that is a good price compaired to the the boys over in England, I believe. I think they work out over $4 a U.S. gal.
 

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cheaper here?

In the upper left hand corner, I paid $2.17 this morning for regular unleaded, that is up from $2.11 on Monday morning.
 

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REBEL said:
Yep you guys have it good, My $2.78 price is for REG. And that is a good price compaired to the the boys over in England, I believe. I think they work out over $4 a U.S. gal.
At the current exchange rate - it's more like $5 -$6
 

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Gas Prices

I sit within a seven mile radius of three refineries and I'm paying 2.49 for a gallon og gas. Go figure :eek
Mike :cool
 

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Did you happen to figure in all the reserve oil we have stored in this country, as well as Canada. Seems like a lot of the oil produced is going somewhere? Remember hearing something like over 60 billion barrells in Canada alone! :boxing :leaving :yesnod
 

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Gas, Gas, whos got gas....

Sold a Corvette yesterday to a guy who works for Valero. Works on the cracker unit. (Thought they made gasoline, not saltines)??? His plant is producing 70,000 barrels of gas a day, but when they shut down a compressor for maintenance, drops production down to 50,000 barrels a day. Thats why the price goes up.
Stated HE didn't have a problem getting premium gasoline for the C6. Go figure!!!!!
Mike :cool
 

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OC Blues

This is the time ya start to wish you didn't live in the OC!

Not only is everything else more expensive............

Simple 89 Octane is runnin at $2.60 a gallon, with a 15cent increase as you go up each Octane!!

Having an SUV, and a SCharged SSR - my wallet is gettin thinner by the day!!
Wish dieting was that easy :lol

HOUTEX - good info!!, I always wondered what the cost of runnin those rigs was.
Glad to know we can get first hand info! Thanks for doin a "pain in the rear job"
:thumbs , don't take the gas issues personally. ;)
Just that it suks that we all are workin to fill the tank!! :ssr
 

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FUZZY said:
My theory on this oil situation is, the oil companies have decided that importing oil from overseas is less expensive for them than pumping it from our own soils,as well as, when the oil is pumped dry from them then they can turn around and pump from our soil again, sell it to everyone at a much higher profit to, due to our homeland oil companies being the only ones left with the product of such desire. The only winner here is the oil company not the general poeple.

With this in mind, I'm all for finding alternative fuels that are replenishable. :yesnod

Maybe check with some of them old moon shiners that were rumored to run there vehicles on moon shine instead of gas. A true party on wheels, kind of a rolling liquore tin. ha ha. :lol

Anyway, drive it and enjoy it while we can afford it. :flag
The U.S. only imports about 20% of it's oil from outside the western hemisphere. I'm not sure why everyone thinks we're so dependent on the mid-east, I figure it's some complex propaganda.
 

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I DO WINDOWS
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Discussion Starter #19
It

It might be smart to inport all you can. Someday it will dry up and you will still have your own in the ground at home.
 
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