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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
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.
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Replying to: gagrice (Jan 14, 2009 6:38 pm) imagine how much the value of the cargo on that ship droppped! 
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Replying to: berri (Jan 12, 2009 7:32 pm) not that i think you are wrong, you could be right OR wrong. |
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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 |
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Survivors of Gas station explosion mourn the tragic loss of precious gasoline.
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Replying to: andre1969 (Jan 15, 2009 8:50 am) 
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barrel under $35 again but all stations on way home were upping price to $1.99? It was below zero temps all day and too cold to buy gas anyway. Maybe they were preying on the top off folks who know about gas line freeze up. My car made an undesirable noise when I started it to leave work. It was -1 out. If $35 oil = $2 gas, then $140 oil should have got us $8 gas. Maybe gas was on sale at half price when oil was $140?
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Replying to: dave8697 (Jan 15, 2009 7:15 pm)
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Replying to: lemko (Jan 16, 2009 10:15 am) Isn't dry gas just ethanol which most state are using in gas these days? If so you are getting a shot of dry gas with every fill up. |
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"we strongly believe that a tax would stabilize gas prices and shift consumer preferences for everyone's benefit." Higher Gas Tax Could Drive Buyers to Fuel-Efficiency, Edmunds.com Says
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