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Are gas prices fueling your pain? - READ ONLY

10042 messages,  Last post on Jul 12, 2008 at 3:07 PM

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What is this discussion about? Fuel Efficiency (MPG)


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#8675 of 10042
Re: Oil Could Hit $400 a Barrel by 2018 [bpizzuti] by avalon02wh
Jun 12, 2008 (3:08 am)

Replying to: bpizzuti (Jun 12, 2008 2:34 am)

"So they're not delusional."
 
I was actually referring to the retired Admiral, not every future trader.
 
" Not only are they saying it will, but they're informing you where their next major value increase is going to come from: your wallet"
 
No, they might be able to temporarily tweak the market, but as prices rise people stop buying. For example:
at $100 a barrel 10 % of the people world wide stop buying oil
at $200 a barrel 20 % of the people world wide stop buying oil
at $300 a barrel 30 % of the people world wide stop buying oil
at $400 a barrel 40 % of the people world wide stop buying oil
 
Demand would plummet as the price rises. People would find substitutes, drive less or whatever. You really should do some searching for energy/oil/gasoline/diesel news stories on Google news or theoildrum to see how people are already reacting to high energy prices. It is not going to take $400 a barrel or $10 a gallon for RUG to have the you-know-what hit the fan.
 
RUG is at $4.06, another record.
Diesel is at $4.79 also a record.
 
And how about Hawaii, their diesel has hit $5.18. Me thinks I need to search Google News later today to see how the Hawaiian folks are reacting to all this good news. Good thing they do not need heating oil to heat their homes. I predict they will be using Lava powered cars and trucks in the not to distant future.
#8676 of 10042
Re: Oil Could Hit $400 a Barrel by 2018 [avalon02wh] by snakeweasel
Jun 12, 2008 (3:47 am)

Replying to: avalon02wh (Jun 12, 2008 3:08 am)

And how about Hawaii, ....... I predict they will be using Lava powered cars and trucks in the not to distant future.
 
Oh Hawaii isn't that big, plus its broken down into many smaller pieces (islands) so they can ride bikes everywhere. Heck I have driven the road to Hana a bike might just be faster.
#8677 of 10042
Re: Oil Could Hit $400 a Barrel by 2018 [avalon02wh] by lemko
Jun 12, 2008 (4:16 am)

Replying to: avalon02wh (Jun 12, 2008 3:08 am)

Just think. Ninety thousand independent truckers in Spain have stopped their vehicles at $7-$8 a gallon and gone on strike. American truckers probably have a lower threshold.
#8678 of 10042
Re: Oil Could Hit $400 a Barrel by 2018 [avalon02wh] by bpizzuti
Jun 12, 2008 (4:27 am)

Replying to: avalon02wh (Jun 12, 2008 3:08 am)

How much do you want to bet that AEA holds oil futures as part of their investments? That's the company that that admiral is CEO of now. He would therefore consider $400 a barrel in 2018 a good thing because he'll get it 5 years from now. Oil futures are having less and less to do with the realities of supply and demand, and MUCH less to do with the real oil and gasoline market. Everyone could stop using gas and, the way things are, people would still be trading these futures for inflated prices...probably because they know no one would pay that much for actual delivery (which is what futures were originally for...to lock in a later delivery price).
 
Oh and $5.18 for diesel doesn't impress me. Up here in my area I saw diesel for $5.34 yesterday.
#8679 of 10042
Re: Mileage Vs Speed [tankbeans] by andre1969
Jun 12, 2008 (4:40 am)

Replying to: tankbeans (Jun 11, 2008 6:03 pm)

Now for me I recently found that all things being equal, for me, if I travel at 65 in my 03 Accord 4-cyl I get about the same mileage as I do going 55. What does this mean, I don't know, but I like it because 55 is a hard speed to maintain especially on the freeway, I can't take the monotony and all the dirty looks.
 
The '03 Accord has a 5-speed automatic, and I think both 4th and 5th gear are pretty tall. I wonder if at 55 mph, the engine just isn't revving enough in top gear to have much power, so it might downshift more often, in situations like when you come to a hill, have to pass a slower moving car, etc? At 65, it might rev just high enough that it can do most of its highway driving in 5th gear.
 
Also, the faster you drive, the further you can coast when you take your foot off the gas, so that will partially negate the increased fuel burned getting up to those higher speeds.
#8680 of 10042
Mileage vs Speed by bergyone
Jun 12, 2008 (4:44 am)
Consumers Report had a note that they drove a Camry at 55 mph and got 40 mpg, increasing to 65 mph got 35 mpg, and increasing to 75 dropped the mileage to 30 mpg. It also indicated that adding a roof rack container dropped the mileage at 65 from 35 to 29 mpg. They didn't indicate which model Camry or engine, but it would appear to be an I-4 engine. I don't know what the EPA criteria is for speed when it publishes highway mpg.
#8681 of 10042
Re: Oil Could Hit $400 a Barrel by 2018 [snakeweasel] by 1stpik
Jun 12, 2008 (5:00 am)

Replying to: snakeweasel (Jun 12, 2008 3:47 am)

"Oh Hawaii isn't that big..."
 
It never ceases to amaze me that Hawaii has "interstate" highways.
#8682 of 10042
Re: Oil Could Hit $400 a Barrel by 2018 [1stpik] by lemko
Jun 12, 2008 (5:02 am)

Replying to: 1stpik (Jun 12, 2008 5:00 am)

Never been to Hawaii, but do the islands have bridges connecting them?
#8683 of 10042
No by 1stpik
Jun 12, 2008 (5:15 am)
No.
#8684 of 10042
Re: Oil Could Hit $400 a Barrel by 2018 [lemko] by gagrice
Jun 12, 2008 (5:29 am)

Replying to: lemko (Jun 12, 2008 5:02 am)

There is about 25-35 miles of ocean between the islands. I imagine the Interstates are highways paid for by the Feds. Hawaii and Alaska get the most Federal money per capita. Honolulu has over a million people on an Island you can drive around in 2 hours. They have a lot of traffic. I know when I used the bus service in the 1980s it was almost always standing room only. So It will be interesting to see if they can handle the people that quit driving because of higher gas prices.
 
The biggest problem I see in Hawaii is the electricity. They produce most with oil. They are used to high gas prices. In April I paid less for RUG in Hilo than in San Diego. They do not have designer gas and probably take whatever the oil companies send them. Shell is almost always the least expensive there. Not the case in CA where it is one of the highest priced.
 
I bought diesel for my tractor yesterday at $5.19 per gallon. Regular was $4.69 at my local Shell station. I would have to drive 15 mies to get diesel at $4.79 per gallon. I only use about 5 gallons every 6-8 months. Costco was at $4.33 on Tuesday.

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