@DeltaFoxtrotYou seem to have missed my first point. I started with
gas prices at one dollar in the mid 70s. And if you want to know why we are
getting poorer then look to taxes first. A large part of the price of gas is in
the taxes. And there are lots of other hidden taxes that people don't seem to
take into account. It is not just income taxes that cost us. It has been the
state and federal governments who overspend and won't budget that take the most
out of our 500% increase.
@m.g. scott: You have to look at it comparatively, not on a scale of dollars.
In 1970 the cost of a gallon of regular gas was 35 cents. Today it
is $3.50, a 1000% increase. The cost of a new car has increased
700%. The cost of a home has increased 900%. Meanwhile
median household income has only increased by 500%.Overall, the
people of America are getting poorer as the years go by.
@Rebe: Learn about what octane ratings mean before you go complaining about
them. Utah and many other mountain states sell lower octane gasoline
because of altitude. Air here is less dense, having fewer oxygen molecules per
cubic foot than air at sea level. A larger quantity of air is required to
achieve complete combustion of a given grade of gasoline, therefore lower octane
ratings are desirable here. 85 octane burns just as well here as 87
octane does in Vegas.
I am old enough to remember when gas prices topped one dollar a gallon for the
first time. That was in the 70s. Now, some 40 years later we are only paying
about $3.50 a gallon nationwide. If housing prices or car prices had risin that
LITTLE in 40 years, we would only be paying about 75 thousand dollars for a new
home, and about 12 thousand dollars for a new car. Thank goodness that the
price of gasoline has not kept pace with the rest of the economic market. Let's
hope it stays that way.
"Check out the reserves in Alaska. To drill in Anwar aould take only 2,000
acres,"oh, I have checked them out. High estimates would be 10
BILLION barrels of recoverable oil bases on reasonable sources.huge
amount of oil, right? About 500 days of US consumption. Not chicken feed by
any means, but "larger then the middle east"? Hardly.And
if we take world consumption, it would last under 100 days.Keep in
mind that in the US alone, we use just under 20 MILLION barrels per day.You do the math. I have.
Media: You keep ruining our gas prices by posting these completely ridiculous
stories. First of all, Utah has lower octane than most other states which means
what??? You have to compare our MID-GRADE prices to other states LOW-GRADE
prices to have a fair comparison. Hmmm, that puts us up at least $.10 higher
than what you are reporting!!!! I loved how former Governor
Huntsman, when our gas prices were higher than most of the nation, would
threaten an investigation into why and immediately our prices would drop.
Governor Herbert does nothing.Something has got to be done about oil
speculators who are driving the prices up based on nothing more than
"speculation"! I wish someone would fight for the little guy.
$3.00/gallon is not "cheap"!
The US EIA says US proven reserves are a little over 21 billion barrels. Canada,
to whom we don't want to build the keystone pipeline, has 178 billion barrels
proven. Saudi Arabia has almost 267 billion barrels. I'm not sure an extended
drilling effort on a golf course sized piece of alaska and all of north dakota
is going to give us endless supplies of two buck gasoline, but by all means keep
trying to make the math work.
@ JoeBlowCheck out the reserves in Alaska. To drill in Anwar aould
take only 2,000 acres, which is less land than the footprint of Salt Lake
International Airport.Than check out the reserves in North and South
@Don: You said it. Corn is food NOT FUEL. Thank the EPA and Big Corn for
mandating 10% (and now 15%) ethanol in gasoline for making food prices go up.Ethanol pollutes more than gasoline, ethanol delivers less energy per
gallon than gasoline. It's not a practical choice yet we are forced to accept it
And the lowest wages.
The price of fuel used is a bogus number. What is the real price of gas? Start
by backing out federal, state and local taxes. California and Hawaii prices of
fuel with tax added will be higher with federal and state tax of $.658 to $.675.
Utah's combined rate is $.429 per gallon. Utahs real price of gas is $2.49
per gallon. Now how do we compare.
Just a number of points:tosmartforyou: Democrats control California:
Price $3.74 gallon? Republicans didnt do it Democrats did. They have controlled
everything here basically for the last 11 years and we have 13 billion dollar
debt this year and Hundreds of Billions in unfunded mandates and the highest
taxes in the nation. Republicans didn't cause that here either!David
B: Your goal is good But, it is commonly accepted in the oil industry and
economics that gas prices around $ 2.67 a gallon is ideal for the economy. It
would show the economy is growing(as a measure). That amount allows for profit
growth, exploration, innovation and continue to allow for alternative energy
development. The price of a barrell benefits the middle east more than a company
here like Exxon-Mobile.supertbone: Utah is not the only place that
uses E-85. Its more common in Iowa and other corn producing states. E-85 is
about 10% less efficient than regular gas and production of E-85 has driven up
the cost of food as more land is being used for energy production and less for
corn and other base food products which drives the cost up!
Well, there it goes. The media had to mention low fuel prices so now they will
go up. Better fill up on the way in this evening.
That is good news - the price drop - because when we drove back to Utah last
summer to visit my kids, Utah had the highest prices of the dozen or so states
we crossed.I wonder what the difference is between now and then?
Low prices is when gas gets down to 2 bucks or less! Most intelligent people
already realize that this is a game and know there's no shortage. Again if
you're dumb enough to believe what gov't tells you,you can't be very bright!
"use our own reserves, which are larger than those in the middle east?
"Care to cite any links to back up that claim?And,
Shale oil does not count, as to date, it is not been viable.
I wonder how use of 85 octane in Utah affects this comparison where everywhere
else uses 87.
Don't get too excited. During the summer we are usually in the top 5 for highest
gasoline prices. So no need to blame/praise the Republicans or Democrats, it's
just the way it is.
Just like the sportscaster who talks about a player's outstanding free throw
shooting inevitably jinxes him into missing the next shot, I suspect this
article and talk of our comparatively low gas prices will jinx us, and the
prices will shoot up very shortly.It's got nothing to do with
supply, demand, OPEC, per-barrell prices, refinery capacity, price-fixing
conspiracies, etc. Nope - it's all about karma, and darn it we've just been
@J-TX"I don't recall seeing any oil derricks on my multiple trips
through Utah"Try Duchesne and Uintah counties"Or any oil refineries." You obviously don't get north
of Salt Lake on your multiple trips through Salt Lake. Granted they are small,
but they are there, right off I-15 in North Salt Lake.
"Low crude oil prices in Utah"? I don't recall seeing any oil
derricks on my multiple trips through Utah. Or any oil refineries. The reason for the high gas prices is Gas company price fixing, pure and
simple. Why else would Texas have $3.25 gas?I wish the next
President would have someone investigate unfair monopolistic behavior among the
big oil oligarchy....
Low gas prices (yeah, like $3 a gallow is low!) make us happy, but as they rise,
it gives us more angst and frustration on our wallets. Hawaii's $4 gas is
largely due to the nuclear disaster in Japan that has sent oil prices
skyrocketing across the Pacific and Hawaii's need to import oil from the Far
East makes it very vulnerable to oil price shocks. Note that Hawaii's
electricity is also derived from oil as well. Hawaii has only six days of
energy stored on the islands at any given time.Something to
consider: As America continues to shift to renewable energy resources, price
shocks will become less of an issue. Unlike fossil fuels, wind, solar, hydro,
and geothermal are PRICE STABLE energy sources. Come nuclear disasters,
freezing temperatures, heat waves, Iranian threats to block shipping lanes...
none of that matters to the cost of wind power generated at Spanish Fork or the
hydro power at Hoover Dam. Clean, price stable energy is our future!
When the Democrats are in control prices are decent but there are enough
shortages you can't assume the roduct will be available.When the
Republicansare are in control there are no shortages but you can't afford gas as
the price is too high.Isn't there some middle ground where this
commodity can be viewed as a necessity and sold at a decent price without
speculation on oil futures? Can't we drill on land (not in deep
water) and use our own reserves, which are larger than those in the middle east?
Can't we have cars run on natural gas for the current price of an automobile and
price the ones that run on gasoline an extra $6,000 or so since there are
trillions of cubic feet of natural gas available?Wouldn't a national
energy policy be a positive thing for the US Congress to promulgate and pass
into law?Gasoline is anything but a free market in a free country.