<API Conference Call on Gas Prices The Oil Drum DrumBeat: May 25, 2007>

222 comments on Saudi Arabia and Gas Prices

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Stuart Staniford on May 24, 2007 - 6:06am Permalink | Subthread | Parent | Comments top

Nice that we're in agreement for once :-)

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MicroHydro on May 24, 2007 - 6:51am Permalink | Subthread | Parent | Comments top

Superb work as usual Stuart.

Also agree with Robert's point about the weak US dollar. Downunder we are a long way below our record petrol prices due to the strong Kiwi dollar. I haven't even heard anyone mentioning petrol prices for nearly a year. Increasing deaths of teenagers due to street racing is a bigger concern.

Nobody here even knows that Americans are currently complaining about their "high" petrol prices. If they did, they would be disgusted, as NZ prices are much higher, and nobody complains.

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PeakPlus on May 24, 2007 - 8:00am Permalink | Subthread | Parent | Comments top

Well, the Dollar might be falling, but from the Euro's perspective, it's more like the Euro is rising..


That's Euro compared to yen(blue) and dollar(barchart) for the past 2 years.

Now for the past 5 Months:

By the way, the graphs are inverted to get the right effect..

Here in Munich, we're also getting record gasoline prices, but that seems to have been the case for the past 35 years (mostly because of rising tax levels), so nobody really squeals about it.

---
My grandfather pumped oil with an engine-house,
my father pumped oil with a 20 lb. electric motor,
can't I just pump it online?

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PeakPlus on May 24, 2007 - 8:09am Permalink | Subthread | Parent | Comments top

If I calculated that right, a gallon of regular costs $7.17 here.
(1 ltr. = 1.39Euro)
Diesel is about 0.2Euro cheaper.

By the way, the chart above is in %:
Top chart 95%-120% (inverse, of course)
Bottom: 97.5%-105%

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memmel on May 24, 2007 - 11:34am Permalink | Subthread | Parent | Comments top

Americans have both the "right" and the physiology to squeal.
Actually its sad how jaded Americans have become we are not the same people we where 20-30 years ago. I think the passing of the generations that went through the depression and WWII has been a real blow to our country. Whats left is a bunch of squealies.

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mtnlion44 on May 24, 2007 - 3:54pm Permalink | Subthread | Parent | Comments top

I couldn't agree more. What has happened to America is one of the central tragedies of the modern era. Henry Miller saw it coming before world war 2. Now the process is more or less complete. "Shithoarders & Individualists" as JIm Morrison put it.

Matt

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mr f on May 24, 2007 - 9:28pm Permalink | Subthread | Parent | Comments top

Wow, I guess since I'm a relatively young'un I never heard that "Shithoarders & Individualists" quote, but that is absolutely brilliant. That alone is a great ultra-condensed liberal take on what is wrong with the world. Heroin junkies say profound things now and again. Lenny Bruce was an exception who said profound things all the time...

Me likey when TOD goes all out USA Today on us and has nice, shiny pictures! Our editor Staniford is seriously rocking it these days. Excellent post.

____________________________________
TOD: On the rise during the descent.

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mtnlion44 on May 24, 2007 - 11:25pm Permalink | Subthread | Parent | Comments top

It's on American Prayer. The Doors did it in the 70's by setting some spoken word tapes of his to music. Get it. Morrison was more a redneck boozer than anything else. He was a guy who basically ate himself up over our culture. A martyr suicide.

Matt

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Phil Hart on May 24, 2007 - 9:18am Permalink | Subthread | Parent | Comments top

I can't believe the situation in NZ appears to be so much different to Oz where our dollar is also strong? Record in Melbourne last year was about $1.44 and today we got to $1.39.

Do you the know the figures for comparison in NZ?

cheers
Phil.

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slayd on May 24, 2007 - 7:27pm Permalink | Subthread | Parent | Comments top

We're running about $1.55 here in Auckland at the moment.

The latest govt budget sets a new 10c/litre petrol tax on sales within the Auckland region to fund Auckland specific transport projects: finishing the motorway system :), electrification of the pathetic rail system, etc...

Nice link for current prices, and comparisons as well as breakdown of price components for NZ from the Ministry of Economic Development:

International and Domestic Petrol and Diesel Price Comparisons:
http://www.med.govt.nz/templates/ContentTopicSummary____20094.aspx

Also, shows some nice graphs giving an indication of the price incl/excl. tax for OECD by quarter (in $NZD of course)

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222 comments on Saudi Arabia and Gas Prices

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