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Gas Prices Affecting Boating

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Old 06-03-2007, 11:08 AM
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Haven't changed my boating habit at all.Not running twins like alot of guys are though.Just burnt 42 gallons of fuel in the last two days.Filled up this morning and it was $158.00...

Now my race car is a different issue.The car runs on 120 octane and at 7.35 a gallon lot less trips to the track this summer.
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Old 06-03-2007, 11:17 AM
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I made a huge change a few years ago, sold the BB twins and went for a fender boat. So far this seasson I have 20 hrs of run time and have spent $100 in fuel. I get more people asking me about this boat since I can beach it and still hit 50mph, and go out in 15ft seas and laugh. There is no doubt you can still boat and it does not have to be a 1970 DuoCraft with a Johnson 50 either. The other night I went out and never stopped running on plane, I spent over an hour out there running around....because it was so hot you had to keep moving...something I could not afford to do with the AT. I think I used $10 or so. This is a 115 4 stroke EFI and it is like a dream to own.
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Old 06-03-2007, 11:33 AM
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All you have to do is look at the EXXON / MOBIL P&L's......world record PROFITS in the BILLIONS.....say it right there folks...TAX you cannot avoid but price fixing within BIG OIL is a crime.....again P R O F I T says it all
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Old 06-03-2007, 03:17 PM
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Exclamation I Pledge aliegence to one Nation!

Michael:

DO THE MATH!!
Just over two years ago the cost of a barrel of oil (OPEC) was $52-$70 per barrel and the cost of gasoline was $2.00 per gallon.
Now a barrel of oil is running between $61-$68 per barrel and the cost of gasoline is at $3.50 per gallon.
Thats about a 75% increase in the cost of gasoline when oil prices have remained relativly the same!!
Your putting the blame in the wrong place.
The gasoline companies (Mostly oil companies), refiners, (mostly oil companies) and the distributors (mostly oil companies) are raising the price of gasoline artificially higher to promote the record (price gouging) profits which they are now using to fund their research and development of alternate fuel markets and technologies they will control when the politicos convince us we need all to switch over alternative fuel vehicles and technologies.
They (oil companies) did a wondeful job over the last 20 years of purposely forcing all independant station owners out of the business. Did someone say Monopoly!!
How better to control retail prices!
This a classic text book case of an industry controlling the entire world through its business plan!!
1.Stop the trading of gasoline on the commodities market!
This will keep the cost of gasoline more stable everytime someone burps in the mideal east or the prediticion center forecasts a heavy hurricane season and a refinery has a small fire.
2. Build new refineries now! to reset the supply versus demand curve back in balance! If we as the government have to do it to counter the current MONOPOLY! then so be it! Enviromentalists and Nimby's buy yer Burkenstocks so you can ride your bikes and not starve while you earn a living!
No new refineries in the last twenty years when the gasoline use has doubled, DO THE MATH!!
3.Yes, we need to use gasoline more efficiently and wisely until other technologies can fill the gap and the dependance on foreign oil. The rest of the developing world is using oil so fast that the long term health of the planet and the availability of oil is quickly becoming a developing problem.
Our US energy policy stinks!! We really have none!
Hell we put a man on the moon in 1969 in less than ten years, we can't solve this problem with our vast economic engine and technology.
We just need leadersship who really work and achieve results at their jobs!
Todays real terrorism is that we may begin to slip into a form of economic energy depression that will become harder to reverse as the rest of the worlds leading economies slide into our once dominat position of one of the worlds leading economies.
Hate to go off here like a zealot, but we as a nation are to F***king Naive!! We belive that somehow its all ok and it will take care of itself! We are the market, we use the gas, we should pay more attention to its affects on our economy and make sure our leadership realizes that our future and the future of our children depend on the maintenance of a robust economy!
I'll get off my soapbox now! Hope someone is listening, I hate to talk to myself!

Ray @ Raylar

Last edited by Raylar; 06-03-2007 at 03:23 PM. Reason: spelling
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Old 06-03-2007, 03:29 PM
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I agree with Ray on this one. I deal with alot of Refineries, and it sure is funny how they do their shutdowns for weeks at a time for maintenance in the summer season, peak time for consumption. Thus justifying to them in their minds that they can raise the price due to refineries being shutdown, hence shortage of product.


my .02

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Old 06-03-2007, 04:38 PM
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Quote:
Originally Posted by Raylar View Post
Michael:

DO THE MATH!!
Just over two years ago the cost of a barrel of oil (OPEC) was $52-$70 per barrel and the cost of gasoline was $2.00 per gallon.
Now a barrel of oil is running between $61-$68 per barrel and the cost of gasoline is at $3.50 per gallon.
Thats about a 75% increase in the cost of gasoline when oil prices have remained relativly the same!!
Your putting the blame in the wrong place.
OK Ray, here's the math (which by the way, I have seen NO math from any of the conspiracy theorists here).

Gasoline Crude
January-02 $1.20 $16.65
April-03 $2.20 $25.22
December-03 $1.70 $28.83
June-04 $2.35 $33.80
January-05 $2.00 $42.21
September-05 $3.00 $58.56
December-05 $2.29 $54.06
June-06 $3.40 $62.85
December-06 $2.50 $54.06
April-07 $3.35 $56.08

Gasoline prices provided by AAA for Southern California.
Crude oil prices provided by Illinois Basic Posted Crude Oil Prices (http://www.ioga.com/Special/crudeoil_Hist.htm)

This looks like it is following the trend pretty darn well. Since January 2002 crude oil is up 337%, while gasoline prices are up 279%. Hmmm.

Definition: "Price Gouging" - pricing above the market when no alternative retailer is available.

I don't see this situation. Plenty of retailers.

Gouging doesn't seem to be showing up in their profit margins:

Year Profit Margin Revenue Profit
Exxon Mobil
2006 10.8% 365467 39500
2005 10.1% 358955 36130
2004 8.7% 291252 25330
2003 9.1% 237054 21510

Chevron
2006 8.2% 210118 17138
2005 7.1% 198200 14099
2004 8.6% 155300 13328
2003 6.0% 121277 7230

Isn't it interesting on how the liberal media and politicians play on people's ignorance and laziness to look at the numbers for themselves? You can punch these numbers up in a matter of seconds on the internet, and yet people still will just let the media play them like a piano. They sound the alarm on how profits are up, but never mention that revenue is way up, too. Isn't that why someone is in business, to bring in more revenue, and make more profit? I know that's why I'm in business.


Quote:
Originally Posted by Raylar View Post
The gasoline companies (Mostly oil companies), refiners, (mostly oil companies) and the distributors (mostly oil companies) are raising the price of gasoline artificially higher to promote the record (price gouging) profits which they are now using to fund their research and development of alternate fuel markets and technologies they will control when the politicos convince us we need all to switch over alternative fuel vehicles and technologies.
R&D
Exxon Mobil R&D
2006 1181
2005 964
2004 1098
2003 1010
2002 920
2001 1175

I don't know about you, but I don't see that it has changed at all in the last six years.

Let's see some other people's math now.

BTW, if anyone knows how to format a table on this system to make things more readable, let me know.

Michael

Last edited by Michael1; 06-03-2007 at 04:44 PM.
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Old 06-03-2007, 07:27 PM
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Default Great debate!

This is a very interesting thread. It is however, giving me cold feet about getting into performance boating. Something I have always wanted to do, ever since I was a kid.
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Old 06-03-2007, 08:12 PM
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So, whats the expensive part? And, if you were just starting, would you?
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Old 06-03-2007, 08:13 PM
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Lake Hopatcong here.. Boating was way down, rafting up. Blow boaters was also way up. I go out for almost 2 hours a day after work to blow off some steam and I must say I have seen very little change in the go-fast community, just the regular boaters. The usual cats are always out (turbine, triples, etc) and the same for the S/C Vees. I'm rich by no means but I'll do what I can to keep the 454's drinking away. (approx $300 this weekend) 4.09 a gal
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Old 06-03-2007, 08:15 PM
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I bought 2000 shares of mutual fund PRNEX in Q4 of 2004 for ~$32 share. A natural resources fund with Exxon and Chevron in their 10 ten holdings. Friday the share price was just tickling $56/share. Dividends and cap gains alone are funding my boat gas. Let alone price appreciation.

If you can't beatem, joinem. Complaining will get you no where.

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