Gas Prices ! .....
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just closed your eyes and squeeze the pump and either pay off by cash or swipe your card.
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Originally posted by Arapahoe:
just closed your eyes and squeeze the pump and either pay off by cash or swipe your card.
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wth......it's C$1.05 and analysts indicated that by summer, price can reach C$1.40!!!!!
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to the pump last night its $3.39 for regular, $3.49 for mid tier.
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Anyone here uses this link to check your area's cheapest gas prices?
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1.91 U97
1.81 U92
1.578 AGO
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Even at US$3.60 per US gallon petrol is considered a steal compared to Singapore.
US$1 = SG$1.39
1 US gallon = 3.78541 Litres
US$3.60 x SG$1.39 = SG$5.00
For SG$5.00 in the US, you get 3.78541 litres,
which makes it SG$1.32 per litre.
At SG$1.32 per litre, you can't even afford to pump diesel fuel.
You guys don't know how fortunate you are living in the USA and Canada.
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ha ha you have forgotten that with bigger country you travel longer distance to get to places.
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I just gassed up this evening at US$2.99/gal. at a neighbourhood station. There were cars lined up to gas up as people are expecting the recent spike in oil prices to push pump prices here up beyond the psychological US$3.00/gal. threshold by the weekend.
And yes, gas might cost less here than in Singapore, but we do drive longer distances. On average, North Americans drive between 12,000 and 15,000 miles annually.
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yeah i actually hit 15000 miles last year. and i think this year i will break that record.
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Arapahoe and Meia Gisborn,
I agree that Americans do drive more annually when compared to Singaporeans, but the reason could be due to cheap petrol making it more worthwhile
for US citizens to drive to another state than to take a plane.
A 500km drive from California to Utah would cost around SG$44 [@ 15km/litre & SG$1.32 per litres], on the other hand, how much would air travel cost?
Moreover it's more convenient for Americans to travel from state to state in their own vehicle,
once they reach the destination state, there is no need for them to lease another vehicle for travel within that state.
If you want to drive shorter distances, live in the city and limit your travels within the city.
Then we can better evaluate travels within the city for both countries.
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i have not read any report indicating high fuel consumption due to interstate driving. But the average travel from home to work may easily clock up 25 - 40 miles a day on a highway. Exclude any work related driving.
I do not believe processes of gasoline differ infact US has a higher standard of environment law to meet on carbon emission. So I don’t think it is made cheaper here in the US. What is cheap is the benefit of geographically endowment namely capital investment are cheaper comparatively to other countries. The other aspect is the economy of scale given the size of the economy.
Driving habits it is near impossible to live in the US without owning a Car. Also you have to understand life style some supper city don't sleep. Let me put it this way i have experience highway Jam at 5:00a.m. in the morning to go to work. I know of my Sg friends’ husband wake up 4:00a.m. every morning to go to work. .
Most city in North america are huge and scattered. People here face the same problems as in SG city housings are expensive. Try staying in downtown or Hollywood. city subway are run on 10-15 minutes basis. Intercity Buses are run on an 20 minutes interval during busy hours, and believe me they are packed, and 40 minutes during non peak hours and if it is inter city it is longer. And if it is cross town it is even longer so are the distance.
the population of california alone is 35 millions. The complexty of diverse interest groups petition for their own rights, the legislature process, and each city/state and federal has its own unique sets of problems give rise to multitube of challenges. So you can’t really use apple to apple assumption. SG is a small city state it is easier to consolidate issue and get everyone to move into single line.
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Originally posted by maurizio13:
Arapahoe and Meia Gisborn,
I agree that Americans do drive more annually when compared to Singaporeans, but the reason could be due to cheap petrol making it more worthwhile
for US citizens to drive to another state than to take a plane.
A 500km drive from California to Utah would cost around SG$44 [@ 15km/litre & SG$1.32 per litres], on the other hand, how much would air travel cost?
Moreover it's more convenient for Americans to travel from state to state in their own vehicle,
once they reach the destination state, there is no need for them to lease another vehicle for travel within that state.
If you want to drive shorter distances, live in the city and limit your travels within the city.
Then we can better evaluate travels within the city for both countries.
Question: Have you lived here before?
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Originally posted by Arapahoe:
i have not read any report indicating high fuel consumption due to interstate driving. But the average travel from home to work may easily clock up 25 - 40 miles a day on a highway. Exclude any work related driving.
I do not believe processes of gasoline differ infact US has a higher standard of environment law to meet on carbon emission. So I don’t think it is made cheaper here in the US. What is cheap is the benefit of geographically endowment namely capital investment are cheaper comparatively to other countries. The other aspect is the economy of scale given the size of the economy.
Driving habits it is near impossible to live in the US without owning a Car. Also you have to understand life style some supper city don't sleep. Let me put it this way i have experience highway Jam at 5:00a.m. in the morning to go to work. I know of my Sg friends’ husband wake up 4:00a.m. every morning to go to work. .
Most city in North america are huge and scattered. People here face the same problems as in SG city housings are expensive. Try staying in downtown or Hollywood. city subway are run on 10-15 minutes basis. Intercity Buses are run on an 20 minutes interval during busy hours, and believe me they are packed, and 40 minutes during non peak hours and if it is inter city it is longer. And if it is cross town it is even longer so are the distance.
the population of california alone is 35 millions. The complexty of diverse interest groups petition for their own rights, the legislature process, and each city/state and federal has its own unique sets of problems give rise to multitube of challenges. So you can’t really use apple to apple assumption. SG is a small city state it is easier to consolidate issue and get everyone to move into single line.
Maybe you would like to share the source of your statistics regarding driving habits of American citizens? Instead of basing it on conjectures.
With regards to your carbon emission laws, I dare safely postulate that with stronger legislation, petrol companies in order to meet the standards of such legislation need to incur cost in research and development to provide lower carbon emissions, thereby on a quantum meruit basis, isn't the cost of petrol in Singapore relative to USA higher.
Geographical endowments, capital investments and economies of scale? Are these relevant to the issues in question?
Please stick to the topic of price of petrol instead of delving into the art of misguided vagrancies.
We are making comparisons between cities, unless the cost of petrol in New York City differs from suburbs due to the imposition of Pigouvian taxes.
Then ceteris paribus, you should acquiesce that the cost of petrol in Singapore is thus far higher than USA.
All other issues is secondary.
The central question is
"Is the nominal price of petrol cheaper in USA as compared to Singapore?"
Why is petrol cheaper in USA than Singapore?
The P4P government in Singapore imposes a $0.44 per litre tax on petrol, instead of having a laissez-faire approach to the economy.
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A 500km drive from California to Utah would cost around SG$44 [@ 15km/litre & SG$1.32 per litres], on the other hand, how much would air travel cost?
I am still quite baffled where you come up with the "500km". Even from West Wendover to Verdi (or vice versa) covers about 406miles. Do you are looking at the shortest two pts, St George UT to Wheaton Springs, CA. The covers only 181miles. But who the hell wants to hang out in either town?
I happened to have driven from SLT to Sac. That's 650miles. No way you can cover the trip under US$ 32.
Also reason we drive here from state to state is because of a part road trip experience. Pple fly because they are *rushing* for time.
And yes, have you lived in the US? Just curious.
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Your central question isn’t why US gasoline is cheaper than SG. Your central question why is SG paying for US consumer in refineries cost!
First of all when u r in the foreign forum do your own leg work nobody asked you to walk in. Use your finger and keyboard. We do not take side in this forum.
I dare safely postulate that with stronger legislation, petrol companies in order to meet the standards of such legislation need to incur cost in research and development to provide lower carbon emissions
Did you just swipe a credit card thru the machine? So who is going to govern this “stronger legislation” You have over simplified this statement. ALL legislatures work to compete against each other thru interest group, unions, lobbies, politician.
It is the competing nature that ensure the fairness of the system works, but it does not necessary means that the best solution derive from the system.
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All other issues are secondaries.
That is why I said you cannot apply apple to apple assumption. Driving in the US is out of necessity not substitution. That translate to Demand which is a necessity element in this equation. Ever thought about the flip side of the coin if the demand isn’t there ?
Geographical endowments, capital investments and economies of scale? Are these relevant to the issues in question?
If you choose to ignore these facts than you will always be ignorant. California alone support more than 60% of its own consumption of crude oil deliveries cost are low.
The State of California operates its own reformulated gasoline program with more stringent requirements than Federally-mandated clean gasolines.
California was one of the first States to ban the gasoline additive methyl tertiary butyl ether (MTBE) after it was detected in ground water. Ethanol, a non-petroleum product usually made from corn, is being used in place of MTBE
How much can you lump the gasoline contracts in Asia to US? When demand are different at product level? Future contract would have dictate the contract differently.
"Is the nominal price of petrol cheaper in USA as compared to Singapore?"
This question is like saying if US open up all offshore drilling do you think US would need to import oil? Seriously is it fare to compared the 2? one is sitting on huge unexplored oil reserved. The other is an island.
Why is petrol cheaper in USA than Singapore?
U cannot lump this 2 totally complex questions into 1 simple answer. Spot rate. Different part of US imported oil price are benchmark differently. West Texas Intermediate Crude Oil for Gulf Coast Import. Alaskan North Slope Oil is sometime used as benchmark.
Asia is benchmark against FATEH. Dubai.
Your risk and deliveries issue both impact the price.
The P4P government in Singapore imposes a $0.44 per litre tax on petrol, instead of having a laissez-faire approach to the economy.
All countries impose tax on gasoline instead of looking into nominal amount I suggest u look into the limitation of SG economies. It does not implied that US is paying less considered its willingness to depreciate it currency as a trade off, its has less political cost.
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ARGHHHHH~~~~~it hit C$1.10!!!!!!
where are the good old days of 37 cents?????
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you can blame the idiot speculators..
the reserves are filled to the brim.. there is no problems with supply..
the speculators are driving the price up with their speculation..
at least, that's what the BBC reported..
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Still hovering at US$2.94/gal. around here. And my POS winter junker only manages to eke out, at most, 25 mpg with the crappy ethanol-laced winter formulation.
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Originally posted by littlestream:
ARGHHHHH~~~~~it hit C$1.10!!!!!!
where are the good old days of 37 cents?????
No kidding! I still recall the price of gas being under a dollar a gallon when I moved here in '91...
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Good Gawd. It's now $3.39 at Costco. And their prices are about the lowest.
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Remember flintstone. We need to carry our cars and drive. But i would suggest changing to hybrid car maybe the way to go.
here are some facts
CURRENT SPR INVENTORY AS OF March 10, 2008
SWEET
SOUR
TOTAL
278.4 million bbls
421.1 million bbls
*
699.5
The top five source countries and their percent share of U.S. total net petroleum imports were:
Canada (17.5%)
Saudia Arabia (11.9%)
Mexico (11.8%)
Venezuela (11.2%)
Nigeria (9.1%)
One barrel (42 gallons) of crude oil, when refined, yields approximately 19.6 gallons of finished motor gasoline.
Total petroleum consumption of liquid fuels and other petroleum products averaged 20.7 million bbl/d in 2007
the price of gasoline will increase till 2009 when US production will increase output. Than I hope the price will go down.
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Not all hybrids are alike. Some give you less than 30 mpgs. I'd rather buy a Corolla which give you 40. Or a Yaris. They're not as expensive as hybrids and they do the job. IMHO. I don't know how much of a tax deduction you get from owning a hybrid though.
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My parents just traded in their Buick on a Toyota Prius last week...it a hybrid and the gasoline engine only charges the batteries. If the batteries are fully charged while driving the engine automatically stops running and it makes you think it stalled.
My Father hasn't checked the fuel mileage yet but they claim it''ll get 45-48mpg.