Gas Prices

wlhayesmfs · Post by **wlhayesmfs** » Wed Apr 27, 2011 9:16 am

I ran a Phillip 66 Station years ago. Seems like a lifetime but I was only seeing about .06 cents per gallon most of my profit was service and tires.
Anyone remember the gas wars and .14 cent gas. We didn't mind the Hemi motors and three two's or duel quads then. Two tanks of gas ran about $5.00 for a night of crusing. Of course I was only making $15.00 a week clear but that was date money and gas.

JPG · Post by **JPG** » Wed Apr 27, 2011 2:20 pm

wlhayesmfs wrote:I ran a Phillip 66 Station years ago. Seems like a lifetime but I was only seeing about .06 cents per gallon most of my profit was service and tires.
Anyone remember the gas wars and .14 cent gas. We didn't mind the Hemi motors and three two's or duel quads then. Two tanks of gas ran about $5.00 for a night of crusing. Of course I was only making $15.00 a week clear but that was date money and gas.

And my 4 nickel gas was a shock to 'some'!:D

billmeyer · Post by **billmeyer** » Wed Apr 27, 2011 3:52 pm

$3.80 here.

I remember the gas wars. They lasted the entire 2 years I lived in Ft. Smith, Arkansas. The highest I paid was 19.9¢ that entire 2 years, and the lowest I remember paying was 13.9¢. What ended the gas wars there was the Iran hostage crisis and the ensuing gas shortage.

I have to disagree about speculators running up the price of gas. When there is speculation in the marketplace and future contracts are purchased, it is running up the demand for gas, even if the speculators never buy gas. Speculators can alter prices dramatically, especially in grain and fuel.

I have pointed out to several people here that the high price of fuel runs up the price of fuel. Fuel is all delivered in tank trucks, and they run on fuel too. The increase in fuel prices leads to higher delivery prices.

Bill

mrhart · Post by **mrhart** » Wed Apr 27, 2011 4:22 pm

billmeyer wrote:$3.80 here.

I remember the gas wars. They lasted the entire 2 years I lived in Ft. Smith, Arkansas. The highest I paid was 19.9¢ that entire 2 years, and the lowest I remember paying was 13.9¢. What ended the gas wars there was the Iran hostage crisis and the ensuing gas shortage.

I have to disagree about speculators running up the price of gas. When there is speculation in the marketplace and future contracts are purchased, it is running up the demand for gas, even if the speculators never buy gas. Speculators can alter prices dramatically, especially in grain and fuel.

I have pointed out to several people here that the high price of fuel runs up the price of fuel. Fuel is all delivered in tank trucks, and they run on fuel too. The increase in fuel prices leads to higher delivery prices.

Bill

What year was this???:eek:

Gene Howe · Post by **Gene Howe** » Wed Apr 27, 2011 5:31 pm

We just filled up our F250 at $3.56.9 just outside of Payson, AZ. Lowest price around here. Most at $3.65.9-$3.69.9.

robinson46176 · Post by **robinson46176** » Wed Apr 27, 2011 6:00 pm

Some Indiana congressmen want to temporarily suspend the state gas tax which is as I recall a little over .50 cents a gallon but the governor has said that if they passed it he would veto such a move.
Hard to imagine a .50 + cent tax when gas including tax was running half that when I got married in 1963.

BTW, I do believe that any major outpouring of sympathy to big oil companies is very mis-directed... As usual it is the little guys that get hurt.

I did look at used Smart cars and decided that I could buy a lot of high priced gas for $12,000. Our old Astro van gets about 30 MPG if it is running under 40 MPH and that is the speed limit on those streets.

.

wlhayesmfs · Post by **wlhayesmfs** » Wed Apr 27, 2011 6:46 pm

Don't know about Ark but my .12 and .14 cent gas was in Kansas City around 1963-64. Haven't see much of anything like that since. Of course Cigaretts were .25 cents out of a machine. But was working for .75 cents an hour.

benchy · Post by **benchy** » Wed Apr 27, 2011 10:11 pm

Even if you don't mind about the Gas Price hike but you can't help to notice why.. I can't do anything but complaining would be my last option as it won't change a bit!

swampgator · Post by **swampgator** » Wed Apr 27, 2011 11:32 pm

In 1972 I ran a couple of gas and car wash shops. Gulf Oil would call me and say that the suggested retail price was .16.9 or it may have gone up to .21.9 for a few days. As someone said earlier, it was great for us to pump fuel for the guzzlers as they brought in the money. And, if they filled up, they got a free car wash. For $.50, you could get a hot wax. But, then I went to work for DOD and the Iran situation came along and gasoline prices soared partly because of speculation about the Iran hostage situation. They claimed it was a fuel shortage, but that claim was a total hoax. They pumped everyone full of fear and we simply reacted. As Farmer so eloquently stated, we can change our driving habits and save lots of fuel. I live on a street that goes to a hospital that is 4 blocks away. They turn the corner and accelerate,as if they were on a race track, for at least 2 blocks only to have to stop in 2 more blocks. Yes, those same folks stop at the stop sign when they come back, but if they stayed under or around 30 mph as the speed limit sign suggests (;) ) they wouldn't have to stop so hard. They then pull into traffic at get away speed and often in the path of an oncoming car that is less than half block away. My Toyato Sienna gets 19+ mpg carrying a 258 pound motorized wheelchair on back. On the open road, it gets up to 30 if kept about 60 mph. We learned it during that energy crises of the 1970's and it still works.

Growing up on a farm, when we sold chickens, pigs or cows, we always hoped that the speculators and traders would push up the buying prices at the time we wanted to sell. Most times, our timing was just right. That was in the 1950's and 1960's. Yes, I'm old and I well remember.

tnerb · Post by **tnerb** » Thu Apr 28, 2011 1:16 am

robinson46176 wrote:Some Indiana congressmen want to temporarily suspend the state gas tax which is as I recall a little over .50 cents a gallon but the governor has said that if they passed it he would veto such a move.
Hard to imagine a .50 + cent tax when gas including tax was running half that when I got married in 1963.
BTW, I do believe that any major outpouring of sympathy to big oil companies is very mis-directed... As usual it is the little guys that get hurt.

I did look at used Smart cars and decided that I could buy a lot of high priced gas for $12,000. Our old Astro van gets about 30 MPG if it is running under 40 MPH and that is the speed limit on those streets.

.

Them politicians will veto anything that'll help the average guy in a heartbeat..... Specially if it might cut into THEIR paycheck.

How about the Chevy Volt.... Ya can really buy a lot of gas for the $40,000 one of those costs