[brunick]

:O WHAT THE?!

0.12 € per liter??

no way...

[TK-F430]

Originally Posted by brunick

:O WHAT THE?!

0.12 € per liter??

no way...

It's true and we're quite pissed that fuel prices went up 50% in a day .

95 Octane is now US$ 0.51 per liter up from US$ 0.33
92 Octane is now US$ 0.33 per liter up from US$ 0.26

[K1W1]

Originally Posted by TK-F430

Fuel prices in Egypt have increased by around 40-50% last week. Diesel jumped from US$ 0.14 per liter (US$ 0.61 per US gallon) to US$ 0.21 per liter (US$ 0.92 per US gallon).

Hi,

I think you have a bit generous in your size of a US Gallon. A US Gallon Liquid is equivalent to 3.785411784 Litres or 3.786 for quick calculations therefore your gas is even cheaper than you posted.

14 x 3.786= 53c a US Gallon
21 x 3.786= 72c a US Gallon

Still very cheap fuel for most these days but must be a shock to many of the local people who do not have the levels of income or spare cash that many westerners have.

[TK-F430]

Originally Posted by K1W1

Hi,

I think you have a bit generous in your size of a US Gallon. A US Gallon Liquid is equivalent to 3.785411784 Litres or 3.786 for quick calculations therefore your gas is even cheaper than you posted.

14 x 3.786= 53c a US Gallon
21 x 3.786= 72c a US Gallon

Still very cheap fuel for most these days but must be a shock to many of the local people who do not have the levels of income or spare cash that many westerners have.

Hmmm......you are right, I used a converter which used the figure of 4.4048838 liters for a US gallon. Thank you for correcting me.

It was a shock for the local people and there were some scattered riots throughout the country when the government increased the fuel prices two weeks ago. Transportation costs, food prices,....etc. went up on the same day. The liter price is ofcourse cheap compared to other international prices, but the increase in terms of percentage was huge when considering that the average per capita income in Egypt is about US$1400 per annum.

[vivariva]

Dear Tarek,

The converter is using US 'dry gallon' units instead of liquid US gallons. That could be why it did not work. Here are the retail prices in Turkey (These are beyond comparison, lol):

Regular Gasoline: $10,60 per gallon/ $2,80 per litre
Eurodiesel: $10,12 per gallon (Very Low Sulphur Diesel)/ $2,67 per litre.
High-Octane 97 Gasoline: $10,82 dollars per gallon.

A large SUV would fill up for a $292.56. The exchange rate I used is: $1=TL 1.24.

So, stop complaining please

[NYCAP123]

Why should Tarek stop complaining. He should be complaining loud and clear. Meanwhile you should be using a megaphone for your complaints.
SCREAM

[TK-F430]

Originally Posted by vivariva

Dear Tarek,

The converter is using US 'dry gallon' units instead of liquid US gallons. That could be why it did not work. Here are the retail prices in Turkey (These are beyond comparison, lol):

Regular Gasoline: $10,60 per gallon/ $2,80 per litre
Eurodiesel: $10,12 per gallon (Very Low Sulphur Diesel)/ $2,67 per litre.
High-Octane 97 Gasoline: $10,82 dollars per gallon.

A large SUV would fill up for a $292.56. The exchange rate I used is: $1=TL 1.24.

So, stop complaining please

Originally Posted by NYCAP123

Why should Tarek stop complaining. He should be complaining loud and clear. Meanwhile you should be using a megaphone for your complaints.
SCREAM

........I agree that fuel prices in Egypt were too low and they were heavily subsidized by the goverment, however a sudden overnight increase of 50% is way too much and really shakes and shocks the people and the economy in general. Such an increase should be gradual and take place over a much longer period of time.

[Ken Bracewell]

Originally Posted by NYCAP123

Why should Tarek stop complaining. He should be complaining loud and clear. Meanwhile you should be using a megaphone for your complaints.
SCREAM

NYCAP- this subject has really put a bee in your bonnet

I guess I'm not sure who to scream at though. Sure, the oil companies are making money, but we are a capitalist society so new refineries are being built every day (literally, in Canada). Maybe I'm naive, but it would seem to me that rising prices create a market ripe for competition.
Another added benefit to rising fuel prices is that it will cause every one of us to stop being lazy and will prompt us to figure out ways that we can individually conserve fuel. On a larger scale, it will prompt ingenuity in creating alternatives to oil consumption.
Oh Boy- now I've done it

[NYCAP123]

Ken, Ken, Ken,
Are those refineries being built or storage facilities. Big diference. With storage facilities they can buy low and sell high. In the US they don't build refineries, because they can always claim they need the profits to put into upgrading their facilities and claim shortages due to a lack of refining capabilities (Pure BS) while they buy up and close down private refineries. As for capitalism. It's a rigged game in this case.
BTW- that's a bee we all better get in our bonnet soon before we find ourselves living in the hive. It's no longer a matter of 'well I can afford it so it's not my problem'. This one could swallow the middle class completely very fast.

[Ken Bracewell]

Originally Posted by NYCAP123

Ken, Ken, Ken,
Are those refineries being built or storage facilities.As for capitalism.

It's a rigged game in this case.

Refineries in Canada.
The US oil companies aren't building any, but our neighbors are going gangbusters. Codger will probably be better suited to comment on this.

Are you suggesting a monopoly? Cartel?

[Kevin]

I think the real core of this thread isn't simply about who is paying more, but just how much we're all getting bent over. Whether you're paying $0.50 a gallon, or $5.50 a gallon is irrelevant when you consider the fact that whatever you're paying today is possibly 40-50% more than you were paying 6 months to a year ago. I don't know about the rest of you, but my paycheck certainly hasn't increased 40-50% in the last year. To the average Joe-worker whose daily routine of driving back and forth to work now costs %50 more than it did not too long ago, that is a big problem.

Monday evening, the gas prices around here were $1.30/L. Tuesday morning they were $1.44/L. (That's about $0.53/gallon in 12 hours.) As of those prices, my monthly fuel bill will now be on par with my monthly car payment. I fully expect a liter of gas to cost well above $1.50 by mid-July when the summer holiday period starts. It used to be called "summer vacation".... now everyone's referring to it as their "summer staycation" because they can't afford to go anywhere.

[Codger]

I do have more than a passing familiarity with the oil patch.
There are so many factors and players involved in that trip from the ground to the gasoline station that it's not easy to define who or what influences the final price. Nobody would enjoy the level of scrutiny being done of the industry if it were focused on themselves. There is so much speculation and finger pointing these days that perhaps some of the current attempts to clarify things in the public domain will at least make things understandable for more people.
It's a dirty dangerous industry. I mean that literally. We've all come to understand and try to be cleaner than we were. Not just the industry, but every man jack of us. Who actually gave it a second thought 30 years ago when they plugged the fuel hose in to an outboard and saw just how far that one or two drops of spilled gasoline spread out over the calm water on a sunny day.

Refineries are a whole other game. Nobody wants one close to where they live. I wouldn't want one within 20 miles of my residence either. The reality is that refineries should be built as close as possible to where the distillates will be used. Unfortunately as has been shown over and over, residential development will always be allowed to grow closer and closer to an installation. Look at the number of residential developments that have been allowed to grow up around airports as a perfect example of politicians on crack. Speaking of being on crack... I actually put some money in to the initial feasibility of building a refinery in California some time back. Ok mr county commissioner, we'll buy two thirds of the whole freakin county but we need assurance that you won't rezone this other part downwind for residential development. Oh, you want to tax us for the entire project area as if it was residential whether we build something on it or not since from your point of view we can obviously afford it. Good bye.
I think I'll go away now since I sure don't have the answers and I'm wondering if the script for the energy industry has been written by the same folks that came up with Fellini's Satyricon.

[Ken Bracewell]

Originally Posted by Codger

I think I'll go away now since I sure don't have the answers and I'm wondering if the script for the energy industry has been written by the same folks that came up with Fellini's Satyricon.

--- ---

[outmywindow]

GM Closing 4 Truck and SUV Plants in North America



Tuesday, June 3, 2008; 11:03 AM

General Motors will close four of its truck and SUV plants in coming months, expand production of its more fuel efficient cars and move forward with development of an electric vehicle, as the auto giant adapts to skyrocketing energy costs and changing consumer preferences.
As if emphasising the end of an epoch in which American car companies drew profits from building bulk and passenger capacity into family vehicles, the company also said it may dump the Hummer brand -- perhaps the ultimate in auto excess.
Two of the plants to be closed are in the United States -- in Moraine, Ohio, and Janesville, Wis., where the company makes vehicles like the Envoy and the Suburban. The others are truck plants located in Oshawa, Canada, and Toluca, Mexico.

[NYCAP123]

You'd think they would have learned after getting nailed in the 70's to stay ahead of the curve. My sympathies to the UAW members.