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Automotive News & Views How does gas at $4 and higher impact you?
2175 messages, Last post on Nov 05, 2009 at 3:05 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: oldfarmer50 (Dec 29, 2008 4:36 am) Too bad MSNBC does not show the 100 or more rockets per day shot into Israel from Gaza over the last year. I do agree it may kick up the price of oil I would say closer to $60 before leveling out. Speculators are still gun shy after the bubble that had to cost some of them a tidy fortune. Congress is also looking at legislation to curb speculation, by forcing buyers to actually take possession of the oil. That would leave the guy in his Manhattan apartment out of the game. Unless he has a big fuel storage in the basement. |
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CA is also looking at this method of taxing highway usage. Makes sense to me with EVs and more CNG cars that pay no road tax. Kulongoski to pursue mileage tax By Hasso Hering Albany Democrat-Herald A year ago, the Oregon Department of Transportation announced it had demonstrated that a new way to pay for roads — via a mileage tax and satellite technology — could work. Now Gov. Ted Kulongoski says he’d like the legislature to take the next step. http://www.dhonline.com/articles/2008/12/28/news/local/1aaa02_road.txt |
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Replying to: euphonium (Dec 28, 2008 9:56 pm) The question should be how soon will gas be $4 again? Should the rogue irresponsible nation use one of its ill-begotten nukes, we'll wish for $4 gas. It's a lot more likely than many will wish to admit.
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Gas prices fall for the ninth consecutive day (CNN) Win some free gas: steve_, "Auto Parts Bargains and Coupons" #273, 28 Dec 2008 9:40 pm |
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Replying to: fintail (Dec 29, 2008 10:35 am) "You're certainly correct there. Shortsighted strategy is coming to a reckoning point. I see the alliances you predict, and I agree with them. We are not the only team for the oil owners to join anymore, and that'll cost us. All it'll take is oil moving off the dollar...which will happen eventually. " Local report, The Woodlands Shell on Rayford-Sawdust ( N of Houston) selling rug for $1.17. gal. Tad of a gas war. Extremes. Nuff said. FT, Not as long as most would hope. Futures markets showing contango, lower prices near and early, higher going out. Near term Israel/Hamas may boost crude but intermediate + economic concerns over rule. Hard to get away from that old supply and demand. Real demand that is. Yes we will revisit the inflation driven commodities boom of '05-08 in '10. But simply because we've done nothing to rectify the problems of energy supply or the fundamentals of our currency. Rather put on hold for now but exacerbated by our growing debt. gg, good posts as always, post on sir! |
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Now we should be angry at Israel for trying to deter the daily rocket attacks? This while gas is $1.59? What would we do if Canada lobbed 100 rockets a day into Detroit from Windsor? I think they retaliated during a global eco recession, which would not cause more than a blip in oil prices. It's based more in the upcoming Israeli elections and how the candidates want to appear 'hard line'. We are knocked back 5 years economically by the OPEC and speculators greed. Don't hold your breath waiting for an economic recovery to restore 2007 fuel use levels. Those levels are a delicate balance of prosperity and affordability. If anyone thinks $4 gas was affordable, look at the news. Many posh hotels under construction in the Middle East are stalled due to the plans laid based on $150 oil. The US economy drives the world. If the world tries to screw the US as they did with $147 oil, they screw themselves. If oil returns to $140's, the hole the world has dug itself will get deeper. Everything came crashing down this year. The next crash will be worse, so I hope those in control don't set the stage for it. $2.09 would be the inflation adjusted price of gas today, based on the $1.53 we paid during Clinton's term. That assumes that we don't have an economic crash. However, we just had the mother of all crashes, so even $2.09 is out of line for 2009, and if it comes, we will not continue any recovery that gets under way.
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Replying to: dave8697 (Dec 30, 2008 4:32 pm) I do like how the greed of speculators and the artificially inflated prices of a mere 6 months ago served as yet another blow to the deflating overall economy, and the whole house of cards came crashing down. I hope some of the speculators are really in deep doo doo today.
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Replying to: dave8697 (Dec 30, 2008 4:32 pm) But that is off topic and had nothing to do with how we got $4.00 gas. And the rapid price drop indicates it should have never been at the $4.00 level in the first place. If the prices do return to $4.00 a gallon we need to be ready for a 1929 style of depression. But with any luck the OIL CEOs will jump out of the windows and if there is any justice they might land on a few OPEC leaders. |
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