Crude oil $103 a barrel

Serendipity
Serendipity Posts: 6,975
edited March 2008 in The Clubhouse
http://ap.google.com/article/ALeqM5i5TtajgUpSm7KY5jf-lCJGHBB-tAD8V6163G0

It's a good thing that I take the train :)
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  • BAD ASP
    BAD ASP Posts: 361
    edited March 2008
    The costs that are passed on haven't even begun to take effect. For example:

    I own a small construction company and we provide our tradespeople a vehicle and expenses. We are going to have to raise the mileage allowance which will cut into costs that are already fixed by our bids. What this means is that the company will take a slimmer profit picture which always impresses bankers and bonding companies.

    As another example Our concrete vendors have added surcharges to their per per yard cost. For example the cost of concrete a year ago was about 105.00 per yard and now its over 120.00, plus they instruct us to add incrementally 1.00 per yard for every 25cents per gallon increase in diesel fuel.

    The public hasn't heard much about the fuel surcharges which are being tacked onto items that are trucked (almost everything). I find no fault in the method of passing on costs as a matter of fact I think that it is quite fair. I just have no way of passing on my increased costs once a contract is in hand. I suspect that a lot of merchants are stuck in the same way with shelf prices and inventory prices beginning to exhibit greater spreads.

    FWIW my 2c.
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  • AsSiMiLaTeD
    AsSiMiLaTeD Posts: 11,728
    edited March 2008
    That's weaksauce, call me when it hits $200 :D
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  • venomclan
    venomclan Posts: 2,467
    edited March 2008
    And its gonna get worse. We are in a perfect storm: no more credit, housing and stocks finished, inflation running rapant, health care out of control...It s gonna bad.
    Venom
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  • BaggedLancer
    BaggedLancer Posts: 6,371
    edited March 2008
    appadv wrote: »

    It's a good thing that I take the train :)

    Everyone else thanks you for not driving as well.
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  • Serendipity
    Serendipity Posts: 6,975
    edited March 2008
    BaggedLancer wrote: »
    Everyone else thanks you for not driving as well.

    Huh? Is this meant to be a personal attack?
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  • dorokusai
    dorokusai Posts: 25,577
    edited March 2008
    Awesome!!!
    CTC BBQ Amplifier, Sonic Frontiers Line3 Pre-Amplifier and Wadia 581 SACD player. Speakers? Always changing but for now, Mission Argonauts I picked up for $50 bucks, mint.
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  • m00npie
    m00npie Posts: 697
    edited March 2008
    appadv wrote: »
    Huh? Is this meant to be a personal attack?

    Alex, I'm pretty sure it was just a joke.
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  • Demiurge
    Demiurge Posts: 10,874
    edited March 2008
    BAD ASP wrote: »
    The costs that are passed on haven't even begun to take effect. For example.

    Guess it depends on your industry. I have been paying fuel surcharges for 5 years.
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  • BaggedLancer
    BaggedLancer Posts: 6,371
    edited March 2008
    appadv wrote: »
    Huh? Is this meant to be a personal attack?

    What? It was a joke....you're young..16 right? Most of the time people thank others when young ones aren't on the road....believe me I used to be one of the young ones....
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  • Face
    Face Posts: 14,340
    edited March 2008
    appadv wrote: »
    Huh? Is this meant to be a personal attack?
    I found it funny because you only drive the speed limit.
    "He who fights with monsters should look to it that he himself does not become a monster. And when you gaze long into an abyss the abyss also gazes into you." Friedrich Nietzsche
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  • obieone
    obieone Posts: 5,077
    edited March 2008
    You wann talk about the f*cking 'costs to do business'! I spent almost 4 hours driving around, getting materials, to do a 'preventive maintenance' on a commercial store, and when I get there, I look at the paperwork, and find they've renegotiated the work requirements: $38.00 to change 4 air filters!
    I refuse to argue with idiots, because people can't tell the DIFFERENCE!
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  • Serendipity
    Serendipity Posts: 6,975
    edited March 2008
    Face wrote: »
    I found it funny because you only drive the speed limit.

    You get better gas mileage going 55MPH.

    Oh wait - didn't you tell me at Sal's place that you go 75MPH on the LIE?
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  • michael_w
    michael_w Posts: 2,813
    edited March 2008
    Sounded like a joke to me... One less young driver on the road is a good thing (fwiw I'm 19).

    At between $4 to $4.50 a gallon I'm not looking forward to any more increases, but it's bound to happen eventually.
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  • Face
    Face Posts: 14,340
    edited March 2008
    appadv wrote: »
    You get better gas mileage going 55MPH.

    Oh wait - didn't you tell me at Sal's place that you go 75MPH on the LIE?
    Yes, and so does everyone else in the left lane.
    "He who fights with monsters should look to it that he himself does not become a monster. And when you gaze long into an abyss the abyss also gazes into you." Friedrich Nietzsche
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  • Serendipity
    Serendipity Posts: 6,975
    edited March 2008
    Face wrote: »
    Yes, and so does everyone else in the left lane.

    What about that time you said you went 150MPH?
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  • Face
    Face Posts: 14,340
    edited March 2008
    appadv wrote: »
    What about that time you said you went 150MPH?
    That was not on the LIE, and I would never admit to such a thing. :D
    "He who fights with monsters should look to it that he himself does not become a monster. And when you gaze long into an abyss the abyss also gazes into you." Friedrich Nietzsche
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  • Ron-P
    Ron-P Posts: 8,520
    edited March 2008
    michael_w wrote: »
    Sounded like a joke to me... One less young driver on the road is a good thing (fwiw I'm 19).

    At between $4 to $4.50 a gallon I'm not looking forward to any more increases, but it's bound to happen eventually.

    I bet we see over $4/gallon by summer, at least in my neck of the woods, oh well, not much I can do but just drive, I love to drive and gas prices won't change that.
    If...
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  • dagame27
    dagame27 Posts: 576
    edited March 2008
    I don't think we'll hit the $4/gallon mark (not for regular, anyways). Oil went up on the speculation that OPEC would cut production (+$15 in a 6 weeks). Now that rumors are that OPEC will cut production, we have dropped less than $2. The oil futures market is a bubble waiting to burst, when it will happen: I don't know.
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  • Ron-P
    Ron-P Posts: 8,520
    edited March 2008
    Regular, yeah maybe not. I was talking about premium, it's all I use.
    If...
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    Ron loves a film = don't even rent.
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  • michael_w
    michael_w Posts: 2,813
    edited March 2008
    Lucky you! I just threw in $20 worth of regular at about $4.40 / gal ;) I'd take the bus but some of my work requires driving so it's not really an option. That and it'll take me 12 minutes by car or 45 by bus...
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