Well $4.97 on Calabasas road. Ouch.
It cost me $96 to fill my tank yesterday. I drive around 30k miles a year. I don't even want to do the math.
If it's that Mobil station I'm surprised they aren't hovering around $6.00 by now. They were always +.50 on any other station in the area, even when it the average was $1.25.
What about that station down in Malibu on PCH. It was always much higher then anywhere else. I am sure they are in the $5 range.
Thing is, if you're heading south onto the 101 from there it appears to be the last station you can stop at before getting on the freeway. Most newbies to the area don't realize there are two other stations and another on-ramp! That's the only way I could figure out how they pulled it off for years.
just paid $4.85 for 91 at olympic and bundy. premium will certainly be over $5 by 4th of july. my commute is pasadena to olympic/bundy everyday averaging about 24mpg. not too bad really.
BH Ferrari shop still just around corner? You in one of the bricks off Mississippi or got a space at Westside Casting or at DeLuca building or sump'n?
I set down some rubber off my BMW infront of their shop earlier today on my way to Wahoo's. The back end of my office garage faces them. I was a little miffed because Morgan cut me off not knowing it was me, so I took out my aggression out there.
they showed a picture on channel 7 lastnight with a shell station out in Death Valley charging $6.19 for v-power (91). here's a pic of the same station from about 2 or 3 weeks ago. Image Unavailable, Please Login
Tue. night I filled one car up around midnight and 91 was $4.45 and the next day at the same station it was $4.65. How could it jump 20 cents overnight
It was a nice day if you are in oil futures. Up about $15 a barrel???? WTF. This is gonna cripple our economy if something dosen't change quick.
Here we go. Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
It's getting completely out of control... There is absolutely no underlying reasons for a move like this. What, some "analyst" said that oil should be $150 at some point, and price goes up??? WTF?????? Something just doesnt smell right here. L
While I'm not a professional economist, based on what I do know on the subject this is my take on it..... It's just like the dot-com and real estate bubbles, but this oil BS is having a much more immediate impact since it is so integral to the daily functioning of our economy, whereas with the other two the pain was felt after the bubble popped. I don't see the underlying supply-demand of the physical commodity changing so abruptly, but rather the supply/demand to get some skin in the game is increasing, ie the desire to buy delivery contracts in the hope of making a quick buck is growing. There were only so many dot-com stocks to buy and buyers "knew" they could sell them for more so they paid ridiculous prices to get in the game--eventually they got burnt; there are a limited amount of prime pieces of real estate, so developers bought them up "knowing" that they could sell them for more money--and eventually they got burnt; and now investors are buying oil contracts at massive prices "knowing" that they can sell them. Add in the fact that the dollar is weak and the Fed is lending money to banks in large amounts, and that the big funds are taking advantage of this to leverage their position and outbid other funds for the contracts on the market, and you have this mess we're in now. I absolutely disagree with leveraging positions because as we saw in the housing mess, the screw ups eventually get socialized and everyone else pays for some big-shots' risky plays. The fact that today oil spiked so much from a single "report" on the internet (where everything is true) about some Israeli government official expressing his thoughts on Iran's nuclear program is absolutely comical. This despite the unemployment jumping up so much. And despite the fact that we get most of our crude from Canada/Mexico. So essentially a maybe-true not-reliably-sourced report is more important than the FACT that there are fewer people driving to work, using less energy to produce fewer goods and services. This reeks of unbridled speculation and investors and banks trying to recoup losses from the last bubble bursting. And if anyone can educate me if or where I'm wrong on this, please do.
