Real cost of gasoline

Was wandering if anyone read what the real cost of our gasoline is these days. Back in the early nineies when gas was below $2 it was estimated it cost this country about $5 due to the cost of having a naval fleet outside the Mid-east plus additional military support. I would suspect it would currently be much higher.

It would depend on how you look at the whole picture.

The USA cannot allow the Arabs to operate unchecked delivering crude oil, cause they would blow each other up with the nnalert BS.
Just look at the 1st. Persian gulf war.
So the US has to always be there anyway because of oil, Arabs obtaining Nukes, funding terrorists, etc.

I look at it this way:
We all need petroleum for our cars/trucks/tractors. I have to buy it and the Persian gulf area is only 1/3 of the worlds oil supply, a lot of other areas now produce crude. 40 years ago 1/2 of the oil produced came from the middle east.
When gasoline is $2/gallon I am happy,
$2.50 per gallon I am not liking it.
at $3/gallon I am pizzed off
at $3.50/gallon I want get my AR and
go over to the middle east and shoot
the terrorists and the sheiks myself.

I will maintain your reference point is wrong. Gas costs the same or less in ounces of gold. The dollar is worthless. In 1970 gas was $0.32/gallon, crude was $3.00/barrel, gold $38/ounce. Gas is now $3.20/gallon, crude $90/barrel, and gold $1400/ounce.

Bought any copper pipe lately? Sold any scrap metal?
How about lead or brass?

Our pictures of dead presidents are worth less now than in the past. In my estimation each dollar is worth $0.03 to $0.05 compared to 100 years ago. The next five years will be "interesting" in the inflation scenario.

The facts are this country has more oil in the ground than saudi arabia. The chimp and his tree hugging liberals are responsible for not letting big oil drill new wells.

Face it the oil company's have racked in record profits for the past 10 plus years so that in it's self says they are screwing us all. Plus add to it the lies the gov put out etc. well lets just say we get screwed every day and can not do much about it

I believe it's much more expensive in Europe. And you can always become Amish and then it won't be of any concern.

Actually it is a concerne for the Amish as they do use gasoline in the engines for their well pumps, high pressure washer, airless paint sprayer, field sprayer, washing machine, if they have a table saw or a drill press they are all run by small gas engines. And then to hire a driver they know the gas price reflects in their cost for that. And John S-B, your old plows and hay rake are now in the possesion of the Amish. This past year I delievered to them I forget for shure either 4 or 5 of the white square tub Maytag washers that were electric notor machines and they are being converted to 2 hp Honda engines. The Maytag is easy to convert as it had a horisantal shaft electric motor.

Amish do in fact use a lot of fuel but now of there machine are power by fuel that move. Things like there hay balers which have no wheels but they have engines on them. They just bring the hay to the machine instead of the machine to the hay etc

Hi Leroy, glad to hear the plows are going to good use. Yes, I know the Amish use some gas, but nowhere near what most of us "English" do.

Sorry, weve pretty much used up what easy to reach oil we had. Those Canadien tar sands use up almost as much fuel & energy to refine it as the oil companies get out of the end product. Maybe future advances in technology will tip the balance on that in the future, BUT until that day, the Persian gulf's subterrainian make up makes it the place to extract oil.
No big deal, petro-geology is obviously not your strong suit, luckily, youve got ignorant racism down pat!

Amish around here have a two wheel cart in front of the baler with a motor on it. Powers the baler through the PTO shaft. Horses pull the cart and baler. Must be a challenge to follow the windrow with that rig. I have pictures, but can't post them!

We import almost all of our imported oil from Canada, Mexico, Nigeria, and Venezuela. Very little comes from the Middle East. Europe is the main importer of oil from the Middle East, with Japan and increasingly China also buying oil from the Middle East.

(quoted from post at 18:58:38 12/04/10) I will maintain your reference point is wrong. Gas costs the same or less in ounces of gold. The dollar is worthless. In 1970 gas was $0.32/gallon, crude was $3.00/barrel, gold $38/ounce. Gas is now $3.20/gallon, crude $90/barrel, and gold $1400/ounce.

Bought any copper pipe lately? Sold any scrap metal?
How about lead or brass?

Our pictures of dead presidents are worth less now than in the past. In my estimation each dollar is worth $0.03 to $0.05 compared to 100 years ago. The next five years will be "interesting" in the inflation scenario.

Click to expand...

Perfectly said! Back in the day, one could buy a nice dress suit for a dollar, as well as an ounce of Gold,...today one can't buy a pack of gum for a dollar, but can still purchase that suit with an ounce of gold!!

It's doubtful we know the "real" cost of anything. What's the cost of a ton of coal, when you consider the environmental impact of mining and burning it? What's the cost of an acre-foot of water pumped from the Ogallala Acquifer? It's relatively cheap today, but twenty years from now that water might be priceless. Most of the cost of using any limited resource is hidden to us, because we don't have to pay today for the costs that future generations will pay because of a squandered resource.

The amish are the biggest scam artists out there. What difference does it make if the engine powers the baler pulled by mules-why not just power the baler pulled with a tractor. The amish are a cult that pay no taxes...cut ruts in roads with their buggys and pay no taxes to fix.

gas jumped here $.31 here this am. wally

gas jumped here $.31 here this am. wally

The Amish dismanteled a barn near here and reassembled it at a different site and repaired it in the process. They could use power tools but could not own them. Go figure...

Filled my car up all the time for 12.9 cents a gallon in 1970-1971

Leroy, you have a pretty good knowledge of the true Amish. You can add tractors, dozers and front end loaders to the list. A lot of propane for heating and mantel lights. Generators for their grocery store, but get on the grid if generators aren't practical. One has the rear axle pulled out of an eighteen wheeler tractor so the drive shaft can power his mill.
It maybe true what John S-B says because most of what they do is car pooled, but then they have a hudge requirement for delivered goods which may balance out. They'll mail stuff across town instead of dropping it off because it's cheaper/easier. They have a tractor load of bagged coal delivered for heating. While it's somebody else's vehicle gas bill it's the Amishes requirement for the use.

Hey Jughead,
They pay all taxes except Social Security and unemployment (and in some cases they pay those,too). Why do you think they don't pay taxes for the fuel they do purchase? If you rode a bicycle or any other "non-motorized" vehicle down a road, do you "pay taxes" to use that road?

There are 72 different splits, or sects to the amish church, All have different rules about what you can and can't have/ do. You can not judge one groups actions/ rules by anothers.

Here too, we were trying to figure why.

Wonder what the real cost of food is in the US considering how much $$$$ the taxpayers hand out in Farm Welfare,Supporting the USDA and Land grant Colleges?

Yes they do pay taxes, The public schools they pay as much in taxes to as anybody else and then they pay out of their pocket to provide there own schools and also hire their own school bus operator to haul their children as the publick school bus will not drop of the kids at their school. And they do have licence plates on all their buggys, I was in one home when the person from the DMV came to get the licence renewed and the DMV does that because it is easier for the Amish that way.

To give you some backround information. I am a 67 year old retired farmer from Wapak, Oh and was a rual newspaper driver for close to I think 18 years. There is an amish comunity at Degraff, Belle Center and Kenton, Oh all within 30 mile from me. Have not gotten aquainted with them tho, they use the closed buggys. Then there is the Amish comunity around Holmes county that is the largest in the nation and there they are allowed to use tractors on steel as stationary power units but will take them to the field and say what the bishop does not know will not hurt him, electricity in the barn but not in the house.That area is about a hundred mile from me and have friends that have Amish friends there. The group that I work with is from around Berne, In and is the second largest Amish comunity in the states. I got aquainted with them before I started the newspaper route. I needed some work done around the farm and just had to fire a local person because of bad work. Then I found out about a man that lived 4 mile from me that halled a Amish crew, he brought them out to check the work I had and they started that day, the next day he went home to mow his yard after dropping them off and when he came back to pick them up was just putting a lader away and talking to him , he was walking about 15' in back of me, all at once I heard him say "I feel dizzy" and turned around to see him fall against a tree and then the ground, in those 2 seconds he died. They had to get home so I took them and we made out that I would pick them up and take them home till my work was done. Well after that I kept hauling the crew and sometime a second crew for a year when they decided they needed someone that could stay with them all day as I could not do and do my farming. But in that time I got to know them very well and what they needed. I had gotten aquainted with a small scrap yard in Eureka, Il that had plenty of machinery they could use after buying a antique wagon off of ebay for $10 from them. In coresponding with the yard he sent me a list of machinery that he had, I though some of the smaller pieces they might be interesyted in. There were several steel wheel hay rakes he had on the list. When I showed the Amish the list they said get us those rakes so that is how I came to be doing what I am now doing and that is buying Items at farm sales for one of the Amish men to put in his small store and I am rebuilding steel wheel hay rakes for him to resell now, this past year I did 3 of them including painting, first 2 in harvest season and he had them sold within 2 weeks of delievery, year befor about a half dozen but they were unpainted. Lot of other machinery like wagons and field sprayers. I have since gotten aquainted with anouther Amish man and he has a shop that he builds new manure spreaders and disks among other things and buys and sells machinery. His shop is lit by solar power and he has 3 arc welders that are powered by a generator that he built. He does a lot of small engine repair. On the machinery they would say I don't need to see it, just buy it and bring it to me. And the person that I am getting the items for now has always offered me more than I would have asked for the item. Long but a history of me and my aquaintence with the Amish. The group from Indiana have the open buggies but use a lot of Honda engines. Just gradually fell into it.

What's your problem sniffer, can't accept the facts ?

I stopped at an Amish store in Rush County, IN (just south of Milroy on SR 3) looking for lamp oil, the clerk suggested I try TSC. They didn't have lamp oil because they've all switched to gas lights. They also use natural gas powered refrigerators and freezers. And a couple miles south I stopped at an Amish bakery on a farm and they had an electronic cash register.

How many do you see drawing social security checks,welfare, disability etc. Not saying it has never happened but not like there is in our society
I know some and are very good people and would trust them with anything.
They will tell you there are good and bad in our people the same as there are in yours.

Good point. I don't know if I agree with the premise of this question. The navy would be the same size it is now regardless of oil needs, and it has to be somewhere. I was in the Navy in '85, went to Libya and Gulf of Oman, and all the old timers said thaey'd never been around either one. The navy just isn't hagning out around oil ports/countries. Maybe today we are, but that's due to terrorism, not oil.

Many scientists believe the earth is producing more oil everyday. I tend to think that makes sense.

and yes, you are a foolish jughead.

and yes, you are a foolish jughead.

We've used up all of our recoverable oil? Really??.....

There are billions of barrels yet to be discovered. One example is the Niobrara that is currently being explored in the Denver Julesburg Basin and Powder River Basin. Current changes in geologic paradigms and new technology will probably make it possible to produce billions of barrels from this area of new exploration. The Niobrara has produced oil in the past, but few companies understood the key changes they needed to make to actually recover the oil. This play has billions of barrels of potential.
http://oilshalegas.com/niobrarashale.htm…

The Bakken is another example that now has estimates of 5 to 300 billion barrels of oil in place. The Bakken covers parts of North Dakota, South Dakota, and Montana. The Bakken was drilled through for 40 years, yet until some companies began to understand how to get oil out of this shale it was believed to have no potential. Even the USGS did not understand the potential, and now that the independent oil companies have proven the play, the USGS has been forced to revise their numbers.
http://www.usgs.gov/corecast/details.asp…

The Eagle Ford in South Texas is currently being estimated by some at near 5 billion barrels. Only two years ago no one was drilling in this rock, but hundreds of wells had been drilled through it. No one understood how much oil was there or how to get it out.
http://investorshub.advfn.com/boards/rea…

The Barnett in parts of north Texas may hold huge reserves of oil. The Barnett became the largest gas field in the United States in only the past decade, and has much unexplored potential.
http://seekingalpha.com/article/188403-b…

The naysayers that thought the US was running out of areas to explore are being proven wrong by independent oil and gas operators in the US. US independents are currently leading the way in drilling technology and geologic exploration concepts and are far ahead of the majors and international operators in this respect. The majors are currently trying to play catch-up and are spending billions of dollars to buy into plays built by small independent companies in the US.
http://blogs.forbes.com/energysource/201…

Even in California a large new reservoir was discovered in only the past couple of years. The company that found it estimates 150 million barrels recoverable, and that is only on their acreage. The potential covers much more area and is still being explored.
http://www.oxy.com/News_Room/Pages/News_…

The idea that oil is no longer going to be needed in 20 or 30 years is simply ludricrous. People who say things like this have never understood the scale of energy usage and supply. For example, with current solar technology, it would take solar panels covering 16 MILLION acres of land just to replace the amount of electricity generated solely by natural gas today. That is still a small portion of the total electricity demand. Sixteen million acres is larger than the largest county in the contiguous United States, which is San Bernardino County California. That acreage is 20 times larger than the entire state of Rhode Island. Then consider that it only produces electricity during the day. Alternative energy is good, but the laws of physics will ensure that it is a small source of our energy supply for many decades to come. The laws of economics will be even harder on most alternative energy, because as natural gas begins to replace many of the uses of oil, there will be less pressure on oil prices to rise, making it very hard to compete with economically on a world scale.

No doubt the earth is still producing new oil. And at the present rate, a million years from now it might create enough to replace what we used up last week.