$75.15 as of 2:00

forgot about the oil drum website. I have sort been looking for a website that broke down the price of oil by the type of oil. Can't find the site anymore. oh well not that big of a deal. Thanks

Screw that, I say we invade Canada!

Stacy

Then we can't call them the Northern Mexicans anymore

yeah, there only good a doin' two things keeping their sticks on the ice and drinkin'

and giving us oil

Screw that, I say we invade Canada!



Stacy </div></BLOCKQUOTE>

I thought we had already taken Canada over...

April 21 (Bloomberg) -- U.S. Energy Secretary Samuel Bodman said the switch to ethanol in gasoline may cause supply disruptions for several months.

At least six filling stations in Philadelphia and the surrounding region were out of fuel yesterday because of the switch, according to AAA, the nation's largest motorist organization. Refiners are seeking to replace the additive MTBE in gasoline by May because of changes in fuel requirements in the energy bill that President George W. Bush signed in August.

``We're going to see some problems,'' he told reporters after giving a speech at a conference in Washington. ``I do believe over a period of time -- that is, a matter of months -- it will level out.''

Bodman said the country's supply of ethanol is adequate overall. The logistics of shipping the additive by barge, rail and truck may cause regional disruptions, he said. Rules that lower the acceptable level of sulfur in diesel fuel and refinery maintenance delayed by last year's hurricanes are also boosting supply concerns, he said.

The U.S. average gasoline pump price is climbing toward $3 a gallon, a level last seen in September after Hurricane Katrina, partly because of concern about supply problems related to the switch to ethanol.

The average U.S. pump price for regular gasoline has risen 14 percent this month to $2.855 a gallon as of yesterday, up from $2.218 a year ago, according to AAA's Web site.

Record crude oil is also pushing pump prices toward their all-time high. Crude oil for June delivery rose $1.48 to $75.17 a barrel today on the New York Mercantile Exchange. Today was the first time crude topped $75, and the fourth straight day setting a record.

Phil...this hasn't changed my H2 driving habits I haven't driven mine in a month

LC

I smell inflation...which is inevitable with rising energy cost. It is first felt on the producers side(PPI-producers price index) then dwindles down to consumers(CPI-consumers price index). Inflation=rising home interest rates...BTW, the Fed raising the Fed Funds rate(directly affects the "prime" rate) does not directly increase mortgage interest rates, however inflation does.


Im with Phil....i dont particularly care for paying more for gas...or anything else for that matter. It will not stop me from driving my truck as a please but it doesnt mean i like it. </div></BLOCKQUOTE>Everything.... EVERYTHING is affected by fuel costs. You don't simply adjust your habits, costs to accomodate. The economy is a slow moving vehicle but it does move. With the fuel prices reaching upward and upward, shipping costs for everything gets higher and higher, travel costs for business gets higher and higher and eventually everything on the consumer end does cost more (as Boss Hoss was stating).

This retards capital investment in business so 5-10 years down the road the economy is still taking a dump because all the money was spent on freight/travel/fuel costs and the direct/indirect results of it.

So, worrying about spending a few quarters more per gallon right now might not seem like much to some, it's going to bite you and everyone else in the ass if it's not brought under control.

It is all about supply and demand, but it's supply and demand of the oil futures that's affecting the fuel costs. </div></BLOCKQUOTE>

Para...my point jokingly was "that I can't do a damned thing about it".

I don't think anyone on this board can impact the current prices. Other than grin & bear it, short of boycotting, etc... All we can do is wait it out. In the mean time however I will pass the increased fuel costs onto MY customer's...the power generation utilities, who in turn will pass it right back to the customers like you & me who use electricity.

LC