quote:

with significantly increasing demands now coming from Russia, China and India

quote:

Originally posted by Mustapha01:
Germany is famous globally for many things, such as their beer, their automobiles and their autobahns (and even for their Lederhosen!) One thing however, they are not known for is cheap gasoline. Today, even the Germans are reeling from record new prices at the pumps, 1.50 Euros per liter of gasoline and 1.45 Euros per liter for diesel fuel. At current exchange rates, this translates roughly as $8.00 per gallon of gasoline!

quote:

Originally posted by Sgt_Schlappy:

quote:

with significantly increasing demands now coming from Russia, China and India

Russia??? Is this the same Russia that has one of the top ten oil reserves in the world?

quote:

Originally posted by Jade_Gate:
Your math is faulty:

3.79 liters/gallon x 1.5 Euros/liter x 1.54469 USD/Euro = $8.78 USD per gallon - the price you'd have to pay if they accepted US currency at the German pump (excluding any exchange fees)

What you calculated was the cost in Euros of a gallon of gas ... specifically 5.19 Euro/gal

quote:

Originally posted by Grachus:

quote:

Originally posted by Jade_Gate:
Your math is faulty:

3.79 liters/gallon x 1.5 Euros/liter x 1.54469 USD/Euro = $8.78 USD per gallon - the price you'd have to pay if they accepted US currency at the German pump (excluding any exchange fees)

What you calculated was the cost in Euros of a gallon of gas ... specifically 5.19 Euro/gal

He, heh. My math is based in the figure provided by the OP. By definition it can't be "faulty."

Ok, ok, it's WRONG, but not faulty...

But my underlying point remains valid. Their prices haven't gone up nearly as much as ours, whatever the number.

Let me add that the net is full of these, "Well, they have it worse than us, just look at this graph showing what they pay in dollars.

But they Don't pay in dollars - We do.

With all due respect, my neighborhood in FULL of Europeans coming here to gape at the quaint natives, and shop till they drop at all the rediculously LOW prices.

I well remember when the shoe was on the other foot...

I sic my dog on them, but they also come equiped with high priced dog biscuits, and my dog is soooo mercenary.

Dave

quote:

Originally posted by Grachus:

quote:

Originally posted by Mustapha01:
Germany is famous globally for many things, such as their beer, their automobiles and their autobahns (and even for their Lederhosen!) One thing however, they are not known for is cheap gasoline. Today, even the Germans are reeling from record new prices at the pumps, 1.50 Euros per liter of gasoline and 1.45 Euros per liter for diesel fuel. At current exchange rates, this translates roughly as $8.00 per gallon of gasoline!

German and other countries in Europe have always had very high prices because of taxes. But their price, has gone up recently, no where near the doubling of prices that we're seeing.

A German doesn't role up to the pump and pay in dollars - He uses Euro's and the value of a Euro is now much higher than the dollar.

They are still paying more than we are, but nowhere near double. Take that $8 figure and devide it by 1.54, the present value of the Euro ='s $5.19 a gallon.

Dave

quote:

Originally posted by godawgz:

quote:

Originally posted by Grachus:

quote:

Originally posted by Mustapha01:
Germany is famous globally for many things, such as their beer, their automobiles and their autobahns (and even for their Lederhosen!) One thing however, they are not known for is cheap gasoline. Today, even the Germans are reeling from record new prices at the pumps, 1.50 Euros per liter of gasoline and 1.45 Euros per liter for diesel fuel. At current exchange rates, this translates roughly as $8.00 per gallon of gasoline!

German and other countries in Europe have always had very high prices because of taxes. But their price, has gone up recently, no where near the doubling of prices that we're seeing.

A German doesn't role up to the pump and pay in dollars - He uses Euro's and the value of a Euro is now much higher than the dollar.

They are still paying more than we are, but nowhere near double. Take that $8 figure and devide it by 1.54, the present value of the Euro ='s $5.19 a gallon.

Dave

Oh hell, well that's a bargain...

quote:

Originally posted by outlaws93:
yea them europeans sure do tax the hell out of that gas.... glad we havent gotten that bad with taxation...


NO TAXATION WITHOUT REPRESENTATION!!!!

quote:

Originally posted by Mustapha01:
Germany is famous globally for many things, such as their beer, their automobiles and their autobahns (and even for their Lederhosen!) One thing however, they are not known for is cheap gasoline. Today, even the Germans are reeling from record new prices at the pumps, 1.50 Euros per liter of gasoline and 1.45 Euros per liter for diesel fuel. At current exchange rates, this translates roughly as $8.00 per gallon of gasoline! Somewhere in Germany, one can imagine a disgruntled German driver contemplating selling-off his/her fuel-hog Smart Car diesel (able to realize only 72+ mpg, highway driving) and finding something a little more “miserly,” like a bicycle!)

The price of crude oil has now reached $126.00 per barrel (around $106.00 higher than it was only about five years ago,) for the first time in history and this does not bode well for the consumers in the United States, the European Union, or in any of the world’s other economies. It is further likely that spikes to $150.00 to $200.00 region can be expected and of course, this will mean significantly higher prices at the pumps (and greater revenues for the oil companies.) The rising crude oil prices will mean that costs associated with the war in Iraq too, will likely have to be revised.

In a twist of “irony,” the Arabs and the Iranians too, will have to pay a higher price for gasoline, since they have limited refining abilities of their own and must purchase some of their oil, from the global market. The Iranians for example, have very limited refining capabilities and have to import refined oil and subsidize it for their citizens to keep it affordable, which translate into massive financial losses, for their government. According to Energy Information Administration, Official Energy Statistics from the U.S. Government, ( http://www.eia.doe.gov/cabs/Iran/Oil.html ) the Iranians “instituted a gasoline rationing system” in June 2007 “…which allows private cars to purchase 26 gallons per month and taxis to buy 211 gallons per month.” Apparently doing so caused a 30 % immediate drop in consumption and a further 14% drop in gasoline imports. Despite this, “…additional $1.5 billion was requested by the Iranian Oil Ministry to increase gasoline imports through March 2008.” Let us consider for a moment that Iran is the second largest OPEC (middle-east) oil producer, after Saudi Arabia and one can only be surprised to read this.

By the way, a quick check indicates that only one-third of our oil imports come from OPEC producers (i.e. the “Arabs,”) the rest coming from elsewhere, like Canada, Mexico, Venezuela, etc. According to Energy Information Administration, Official Energy Statistics from the U.S. Government ( http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publi.../current/import.html ) “Canada remained the largest exporter of total petroleum in February, exporting 2.464 million barrels per day to the United States…” and “The second largest exporter of total petroleum was Saudi Arabia with 1.627 million barrels per day.” Iraq is #6 on this list, after Canada, Saudi Arabia, Mexico, Venezuela and Nigeria. Kuwait is #8 on this list, after Angola. While we remain somewhat dependant on Middle-East oil; largely, other markets provide most of our fuel. Today, with significantly increasing demands now coming from Russia, China and India (and let us not forget the European Union,) it is not likely that we could significantly increase our mid-east oil imports, even if we wanted to! We can however be sure of one thing; with increasing demands for fuel from other growing markets, we are likely to pay ever increasingly, for the privilege of driving!

I suppose one could accept the significantly higher prices of fuel at the pumps much easier, if such prices also did not affect other prices as well, (or in the least, if only our earnings pretended to keep up with overall price increases!) So we pay more for food, more for clothing, more for just about everything else, as consequence of the rising fuel prices (goods have to be “transported,” after all) and yet we make just about the same wages we made, when things were significantly cheaper!

If Germany today provides us with a picture of things to come here in the US, in the near future, it is high time for me to ditch my eight-cylinder sedan, in favor of a Moped! In the least, I have to seriously look into converting one of my old diesel Mercs into a waste-vegetable-oil guzzler!

Sgt Mustapha
(Honorably Discharged, US Army)

quote:

Originally posted by SUNLINER81:

quote:

Originally posted by Mustapha01:
Germany is famous globally for many things, such as their beer, their automobiles and their autobahns (and even for their Lederhosen!) One thing however, they are not known for is cheap gasoline. Today, even the Germans are reeling from record new prices at the pumps, 1.50 Euros per liter of gasoline and 1.45 Euros per liter for diesel fuel. At current exchange rates, this translates roughly as $8.00 per gallon of gasoline! Somewhere in Germany, one can imagine a disgruntled German driver contemplating selling-off his/her fuel-hog Smart Car diesel (able to realize only 72+ mpg, highway driving) and finding something a little more “miserly,” like a bicycle!)

The price of crude oil has now reached $126.00 per barrel (around $106.00 higher than it was only about five years ago,) for the first time in history and this does not bode well for the consumers in the United States, the European Union, or in any of the world’s other economies. It is further likely that spikes to $150.00 to $200.00 region can be expected and of course, this will mean significantly higher prices at the pumps (and greater revenues for the oil companies.) The rising crude oil prices will mean that costs associated with the war in Iraq too, will likely have to be revised.

In a twist of “irony,” the Arabs and the Iranians too, will have to pay a higher price for gasoline, since they have limited refining abilities of their own and must purchase some of their oil, from the global market. The Iranians for example, have very limited refining capabilities and have to import refined oil and subsidize it for their citizens to keep it affordable, which translate into massive financial losses, for their government. According to Energy Information Administration, Official Energy Statistics from the U.S. Government, ( http://www.eia.doe.gov/cabs/Iran/Oil.html ) the Iranians “instituted a gasoline rationing system” in June 2007 “…which allows private cars to purchase 26 gallons per month and taxis to buy 211 gallons per month.” Apparently doing so caused a 30 % immediate drop in consumption and a further 14% drop in gasoline imports. Despite this, “…additional $1.5 billion was requested by the Iranian Oil Ministry to increase gasoline imports through March 2008.” Let us consider for a moment that Iran is the second largest OPEC (middle-east) oil producer, after Saudi Arabia and one can only be surprised to read this.

By the way, a quick check indicates that only one-third of our oil imports come from OPEC producers (i.e. the “Arabs,”) the rest coming from elsewhere, like Canada, Mexico, Venezuela, etc. According to Energy Information Administration, Official Energy Statistics from the U.S. Government ( http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publi.../current/import.html ) “Canada remained the largest exporter of total petroleum in February, exporting 2.464 million barrels per day to the United States…” and “The second largest exporter of total petroleum was Saudi Arabia with 1.627 million barrels per day.” Iraq is #6 on this list, after Canada, Saudi Arabia, Mexico, Venezuela and Nigeria. Kuwait is #8 on this list, after Angola. While we remain somewhat dependant on Middle-East oil; largely, other markets provide most of our fuel. Today, with significantly increasing demands now coming from Russia, China and India (and let us not forget the European Union,) it is not likely that we could significantly increase our mid-east oil imports, even if we wanted to! We can however be sure of one thing; with increasing demands for fuel from other growing markets, we are likely to pay ever increasingly, for the privilege of driving!

I suppose one could accept the significantly higher prices of fuel at the pumps much easier, if such prices also did not affect other prices as well, (or in the least, if only our earnings pretended to keep up with overall price increases!) So we pay more for food, more for clothing, more for just about everything else, as consequence of the rising fuel prices (goods have to be “transported,” after all) and yet we make just about the same wages we made, when things were significantly cheaper!

If Germany today provides us with a picture of things to come here in the US, in the near future, it is high time for me to ditch my eight-cylinder sedan, in favor of a Moped! In the least, I have to seriously look into converting one of my old diesel Mercs into a waste-vegetable-oil guzzler!

Sgt Mustapha
(Honorably Discharged, US Army)

The price of oil is not increasing, the unit of petro trade, the U.S. dollar is devaluing, thus giving the appearance of a rise in cost.
How long will it be before the world switches to the euro as an instrument of petro trade and thus finally puts the last nail in our economic coffin? When will we as a people finally realize this and demand of our politicians, that supposedly work for us the people, that the budget be balance, the national debt retired, unfair and unbalanced trade agreements be voided and our heavy industries brought back on shore?...
How long will moneyed special interests prevent us from drilling our own resources, mining our own resources and building new refineries.
Lack of refining capacity is what is keeping prices high, when will new refineries be built?
When will we drop the stupidity of ethanol and go with the better fuel of biobutanol?
When will we re-develop our nuclear energy program and not listen to the anti nuclear growd? When will we permit more drilling in the Gulf of Mexico and off the coast of California in the Santa Barbara channel?
How long will we be held hostage to OPEC, because of the envrio whackos and energy special interests?
Respectfully, SUNLINER81

quote:

Originally posted by VA90USAW5:

quote:

Originally posted by SUNLINER81:

quote:

Originally posted by Mustapha01:
Germany is famous globally for many things, such as their beer, their automobiles and their autobahns (and even for their Lederhosen!) One thing however, they are not known for is cheap gasoline. Today, even the Germans are reeling from record new prices at the pumps, 1.50 Euros per liter of gasoline and 1.45 Euros per liter for diesel fuel. At current exchange rates, this translates roughly as $8.00 per gallon of gasoline! Somewhere in Germany, one can imagine a disgruntled German driver contemplating selling-off his/her fuel-hog Smart Car diesel (able to realize only 72+ mpg, highway driving) and finding something a little more “miserly,” like a bicycle!)

The price of crude oil has now reached $126.00 per barrel (around $106.00 higher than it was only about five years ago,) for the first time in history and this does not bode well for the consumers in the United States, the European Union, or in any of the world’s other economies. It is further likely that spikes to $150.00 to $200.00 region can be expected and of course, this will mean significantly higher prices at the pumps (and greater revenues for the oil companies.) The rising crude oil prices will mean that costs associated with the war in Iraq too, will likely have to be revised.

In a twist of “irony,” the Arabs and the Iranians too, will have to pay a higher price for gasoline, since they have limited refining abilities of their own and must purchase some of their oil, from the global market. The Iranians for example, have very limited refining capabilities and have to import refined oil and subsidize it for their citizens to keep it affordable, which translate into massive financial losses, for their government. According to Energy Information Administration, Official Energy Statistics from the U.S. Government, ( http://www.eia.doe.gov/cabs/Iran/Oil.html ) the Iranians “instituted a gasoline rationing system” in June 2007 “…which allows private cars to purchase 26 gallons per month and taxis to buy 211 gallons per month.” Apparently doing so caused a 30 % immediate drop in consumption and a further 14% drop in gasoline imports. Despite this, “…additional $1.5 billion was requested by the Iranian Oil Ministry to increase gasoline imports through March 2008.” Let us consider for a moment that Iran is the second largest OPEC (middle-east) oil producer, after Saudi Arabia and one can only be surprised to read this.

By the way, a quick check indicates that only one-third of our oil imports come from OPEC producers (i.e. the “Arabs,”) the rest coming from elsewhere, like Canada, Mexico, Venezuela, etc. According to Energy Information Administration, Official Energy Statistics from the U.S. Government ( http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publi.../current/import.html ) “Canada remained the largest exporter of total petroleum in February, exporting 2.464 million barrels per day to the United States…” and “The second largest exporter of total petroleum was Saudi Arabia with 1.627 million barrels per day.” Iraq is #6 on this list, after Canada, Saudi Arabia, Mexico, Venezuela and Nigeria. Kuwait is #8 on this list, after Angola. While we remain somewhat dependant on Middle-East oil; largely, other markets provide most of our fuel. Today, with significantly increasing demands now coming from Russia, China and India (and let us not forget the European Union,) it is not likely that we could significantly increase our mid-east oil imports, even if we wanted to! We can however be sure of one thing; with increasing demands for fuel from other growing markets, we are likely to pay ever increasingly, for the privilege of driving!

I suppose one could accept the significantly higher prices of fuel at the pumps much easier, if such prices also did not affect other prices as well, (or in the least, if only our earnings pretended to keep up with overall price increases!) So we pay more for food, more for clothing, more for just about everything else, as consequence of the rising fuel prices (goods have to be “transported,” after all) and yet we make just about the same wages we made, when things were significantly cheaper!

If Germany today provides us with a picture of things to come here in the US, in the near future, it is high time for me to ditch my eight-cylinder sedan, in favor of a Moped! In the least, I have to seriously look into converting one of my old diesel Mercs into a waste-vegetable-oil guzzler!

Sgt Mustapha
(Honorably Discharged, US Army)

The price of oil is not increasing, the unit of petro trade, the U.S. dollar is devaluing, thus giving the appearance of a rise in cost.
How long will it be before the world switches to the euro as an instrument of petro trade and thus finally puts the last nail in our economic coffin? When will we as a people finally realize this and demand of our politicians, that supposedly work for us the people, that the budget be balance, the national debt retired, unfair and unbalanced trade agreements be voided and our heavy industries brought back on shore?...
How long will moneyed special interests prevent us from drilling our own resources, mining our own resources and building new refineries.
Lack of refining capacity is what is keeping prices high, when will new refineries be built?
When will we drop the stupidity of ethanol and go with the better fuel of biobutanol?
When will we re-develop our nuclear energy program and not listen to the anti nuclear growd? When will we permit more drilling in the Gulf of Mexico and off the coast of California in the Santa Barbara channel?
How long will we be held hostage to OPEC, because of the envrio whackos and energy special interests?
Respectfully, SUNLINER81

Something is not quite right with our current picture. If our leaders can not figure a way out of the mess soon I believe it is the beginning of the end of civilization as we knew it to be.