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How does gas at $4 and higher impact you?

2183 messages,  Last post on Nov 21, 2009 at 5:13 PM

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What is this discussion about? Gasoline, Fuel Efficiency (MPG)

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#1926 of 2183 Re: for the first time [explorerx4] by berri Jan 12, 2009 (7:32 pm)
Replying to: explorerx4 (Jan 12, 2009 6:51 pm) Let's talk in a couple of years. Every time there is a price spike people say its a one time thing, but it never is and it always ends up higher. I'm basing my predictions on what I'm reading in things like Wall Street Journal and Business Week. I don't think too many business are budgeting out based on low oil prices, and I don't think the auto industry would be sinking all this coin into other technologies if they thought oil will stay relatively low. I hope I'm wrong, but I'm planning otherwise in things related to my personal life decisions. By the way, natural gas hasn't dipped as steeply as oil despite the bad economy which should give you a hint. Replies to this message: explorerx4 (Jan 14, 2009 6:46 pm)
#1927 of 2183 60 Minutes by oldfarmer50 Jan 13, 2009 (3:53 pm)
If you haven't seen the January 11, 2009 60 Minutes show about high oil prices go to YouTube and type in "60 Minutes The Price of Oil". They blame rampant speculation for the $147/bbl. price this summer.   Exactly what some of us were saying all along.
#1928 of 2183 Re: for the first time [kernick] by dave8697 Jan 13, 2009 (4:50 pm)
Replying to: kernick (Jan 12, 2009 5:08 pm) I was spending $700 a month on gas in 2007. I bought a new house to cut 100 gallons a month out of my use. I was left holding a $220,000 house that hit the resale market as the mortgage crisis hit full swing. I didn't even go on vacation in 2008. High gas caused everything else to jump up. The net result was and still is an economic recession.   In October 2008 I left for Florida on a 3000 mile trip. Gas was down to $3.55 when I left. There was nothing relatively cheap about it. $75 to fill up my Silverado before leaving and $60 more into the tank later in the day, and then twice more in the next day. Unfortunately, none of my other vehicles would have sufficed for the trip. I made the same trip in March 2008 and spent $390 on gas in a 9 day stretch. People who have to drive a full size truck for their everyday needs had to deal with this cost constantly. I had a car for daily use. How much gas is still carried on credit cards at 18% interest that was bought last summer?   It has been determined that almost 70% of all oil price increases were part of a grand scheme to enrich a few at the expense of the masses. Thanks to changes in commodity trading rules the same screwing may not be back this summer. Replies to this message: gagrice (Jan 13, 2009 5:16 pm)
#1929 of 2183 Re: for the first time [dave8697] by gagrice Jan 13, 2009 (5:16 pm)
Replying to: dave8697 (Jan 13, 2009 4:50 pm) Thanks to changes in commodity trading rules   Did Congress actually change any rules dealing with that speculative run-up in oil prices? I thought they just talked about it. Something about forcing buyers to have a facility to receive any oil they purchase.
#1930 of 2183 Crude dropped, why is gas higher? by gagrice Jan 14, 2009 (6:38 pm)
With the price of oil at about $37 per barrel gas should be down around 75 cents wholesale. The glut of oil is taking its toll on the producers. Dubai has stopped work on their tallest building in the world for lack of funds. There are supertankers sitting full waiting for the price to go up. Even pirates are feeling the pinch. The Somalis only got $3 million for a $100 million load of oil in a tanker. Of course they proceeded to capsize their boat and 5 of them drowned taking their share of the money to Davey Jones Locker. Replies to this message: explorerx4 (Jan 14, 2009 6:44 pm)
#1931 of 2183 Re: Crude dropped, why is gas higher? [gagrice] by explorerx4 Jan 14, 2009 (6:44 pm)
Replying to: gagrice (Jan 14, 2009 6:38 pm) i saw that and thought it was kind of ironic that the ransom dropped so much. imagine how much the value of the cargo on that ship droppped!
#1932 of 2183 Re: for the first time [berri] by explorerx4 Jan 14, 2009 (6:46 pm)
Replying to: berri (Jan 12, 2009 7:32 pm) the 'experts' din't have a clue about prices, soooo, what are your credentials? not that i think you are wrong, you could be right OR wrong.
#1933 of 2183 How low will it go? by gagrice Jan 15, 2009 (6:44 am)
Oil is still dropping in price. $36 and dropping. Will we go as low as 10 years ago when the dot.com bubble burst and oil hit $10? Anything is possible as duke pointed out. Oil loves the extremes.   From the Indian Ocean to the South Atlantic to the Gulf of Mexico, giant supertankers brimming with oil are resting at anchor or slowly tracing racetrack patterns through the sea, heading nowhere.   The ships are marking time, serving as floating oil-storage tanks. The companies and countries leasing them for that purpose have made a simple calculation: the price of oil has fallen so far that it is due for a rise.   http://www.iht.com/articles/2009/01/15/business/15oil.php
#1934 of 2183 Oh, the Humanity!!! by andre1969 Jan 15, 2009 (8:50 am)
Survivors of Gas station explosion mourn the tragic loss of precious gasoline. Replies to this message: explorerx4 (Jan 15, 2009 4:14 pm)
#1935 of 2183 Re: Oh, the Humanity!!! [andre1969] by explorerx4 Jan 15, 2009 (4:14 pm)
Replying to: andre1969 (Jan 15, 2009 8:50 am) that was good!

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