Does anybody think we will ever see gas prices back to what they were a year ago. Is the average price nation wide for regular going to be around $1.80 from now on or possibly even higher. Wonder what the impact will be if it goes to say 2.50-3.00. I've always considered fuel cost to be an achilles' heel in our economy.
Gas Prices ?
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The may be after your stash of GC. The gasoline "issue" is just their "foot in the door".quote:
Originally posted by pscholte:
...they charge for gas? Maybe that's why I get those "looks" when I drive off...I need gas now but the police are having some kind of exercise in our neighborhood and they are surrounding my house as part of the training
Yeah, it would be nice to see those prices come down. Once stability in Iraq AND China's useage levels off. Oh yeah, AND Shell stops overstating their reserves by 20%, maybe then we'll have a chance at $1.25/gal gas.
My optimism just took a nose dive.quote:
Originally posted by ToyotaNSaturn:
The may be after your stash of GC. The gasoline "issue" is just their "foot in the door".quote:
Originally posted by pscholte:
...they charge for gas? Maybe that's why I get those "looks" when I drive off...I need gas now but the police are having some kind of exercise in our neighborhood and they are surrounding my house as part of the training
Yeah, it would be nice to see those prices come down. Once stability in Iraq AND China's useage levels off. Oh yeah, AND Shell stops overstating their reserves by 20%, maybe then we'll have a chance at $1.25/gal gas.
I remember when gas was 20 cents per gallon. The good old days
And then I remember saying gas will never go up to 50 cents per gallon.
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Yeah, Steve! Restate that!!
We give the rest of the world something to do ..and they give us stuff in return for that feeling of usefulness
We give the rest of the world something to do ..and they give us stuff in return for that feeling of usefulness
If you like gas prices now, just wait until they get tied to the Euro because the balloon knots in Washinton are flushing the dollar down the toilet.quote:
Originally posted by Steve S:
I remember when gas was 20 cents per gallon. The good old daysAnd then I remember saying gas will never go up to 50 cents per gallon.
I think we have seen the last of the cheap gas. It will not fall below $1.50 or $1.60 in my opinion. In the late spring, early summer, prices will go again up to and over $2.00. Part of the reason is, like someone said, out wasteful habits such as driving an Excursion with only one person. Also, everyone seems to be inclined to drive 10-15 mph over the posted speed limits, from what I am seeing. My unverified tests with my scanguage in my Sonoma shows about a 2-3 mpg improvement from going 60 as opposed to 70.
Of course I am not telling anyone how to drive. But as long as we continue to buy and drive new vehicles getting 8-9 mpg, the prices will stay as they are or go up. The energy companies are elated. It doesnt make much sense if a person hops into their Excursion, drives 80-85 mph to the gas station to fill up, and then complains how high the price of gas is. I am not directing this at anyone in particular, but just venting.
If a large percentage of us were to get vehicles getting 35-40 mpg, it may make a difference in the price, perhaps creating a "glut" of oil/gas. But I dont see that happening with our love affair with the SUV/SUT or whatever tag gets attached next.
Of course I am not telling anyone how to drive. But as long as we continue to buy and drive new vehicles getting 8-9 mpg, the prices will stay as they are or go up. The energy companies are elated. It doesnt make much sense if a person hops into their Excursion, drives 80-85 mph to the gas station to fill up, and then complains how high the price of gas is. I am not directing this at anyone in particular, but just venting.
If a large percentage of us were to get vehicles getting 35-40 mpg, it may make a difference in the price, perhaps creating a "glut" of oil/gas. But I dont see that happening with our love affair with the SUV/SUT or whatever tag gets attached next.
It doesn't help that everytime the john in some Norwegian oil platform runs out of toilet paper, it's as though the sky is falling and there will be no more oil. And futures prices go through the roof. How many "crises" have we gone through last year? Last report I saw had oil quantity available in US at something like 8% over the previous year level.
Comparing Chinas emerging oil consumption and ours are two different scenarios. I am willing to bet that their tax burden per gallon of gas is much different than ours. They are also limited in their choices of vehicles, than we are here in the states. Chinas main focus right now is to get affordable cars into peoples hands, with the least amount of added burdens. I guess my point in my earlier post was that we have a choice in what we drive and how "relatively wastefull" we are in driving it, which indirectly affects the prices we pay at the pump. We shouldnt moan about what it is costing us when we had a choice in buying something costing much less per mile. There is not, and should not be, a guaranteed price we pay for gas. Conserving is a way of trying to decrease these prices.
Maja, I don't believe it has anything to do with what we drive or how we drive it. China is using more & more oil to fuel it's quickly-expanding economy. but not in environmentally friendly ways like the U.S. Those same restrictions just aren't there as they are exist here in the states. Someone correct me if I'm wrong...
Thank you Dutch/Shell, a case study in Supply vs demand.
Shell...had cut its proven reserve estimates by 4.47 billion barrels,
or 23 percent, from 1997 through 2002.
This happened end of 2003-beginning of 2004, right before we went to war. That's when prices started to rise UP and UP. That's a LOT of oil that suddently isn't around.
Yeah, the war had a direct effect on the prices, but nowhere near as much as the other two variables of China and the Dutch/Shell scandal. We need to produce our own oil.
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