Price of fuel is going SKY HIGH!

Status
Not open for further replies.
Joined
Aug 22, 2003
Messages
3,658
Location
lllinois
Now that I got your attention.

Where is the price of fuel going?
Lot of variables as always:
Elections
supply
Ulsd,
Biodiesel
ethanol
middle east

I'll go with $5 a gallon in the USA by June 0f 2012. $2.50 per liter in Europe.
 
Last edited:
You forgot another very important variable. The falling value of the American Dollar. As the USD goes down, the price of oil, paid in USD goes up. The price if paid in Euro's, or other world currencies has stayed the same, or even gone down.

BTW, €1.00 costs $1.40 (Nine years ago, I purchased €1. for $0.80 [thats 80 cents).
Not only that. The USD has fallen so low, the Canadian and Australian Dollar are now equal to the USD.
 
It's already at $3.30/gal regular in So Cal and $3.50/gal 91 Octane, we don't have 93 Octane for more than 10 years. I expect it will be $4.0-4.5 a gallon regular in So Cal by summer 2012.
 
Whatever the cost is, at least we can get it. How well I remember the summer of both 1973 and 1979. In both those years, you could have a pocket full of money, but there was no gas. Remember that? If you are too young to remember that, you may have seen the old news films with long lines at gas stations.
Odd and Even gas days. Five gallon limit.
Two years ago, when gas was $4.00 a gallon, sure it cost a lot, but at least you could get it.

I can go back even further, (before my time) when gas was rationed, back in WWII. If you had an "A" Stamp, you could get 1 gallon a week (or month, not sure which). A "B" Stamp got you three gallons a week (or month) and a "C" Stamp got you as much as you wanted, however the only ones with a "C" Stamp were those who needed their cars every day (not you and me) like Doctors, Policemen, Firemen, some Nurses, etc. Back then in WWII, gas was rationed, NOT because of a fuel shortage, but because we had no rubber, as Japan captured all the rubber plantions in the far east. (This was before they made rubber from oil). The only rubber plantations we controlled were in West Africa, and they were well guarded by our troops. (I once knew an Army Medic stationed there).
 
12/2012 is supposed to be the end of the world according to the Mayan calendar. gas will be over $5.00/gallon due to the panic
wink.gif
 
Last edited:
That won't happen I don't believe about the world.
As far as gas, here in the Voulenteer State, it is around $2.60.
 
The Fed has been saying for weeks now that QE2 is the next step. It's the beginning of inflating out way out of the massive debt. They've been saying inflation is too low!!! Get ready...
 
Originally Posted By: Drew99GT
The Fed has been saying for weeks now that QE2 is the next step. It's the beginning of inflating out way out of the massive debt. They've been saying inflation is too low!!! Get ready...



Yep, printing money will do this. Oil is one form of hard currency.
 
We still have gas at a low price compared to other countries. If gas shot up to $6 a gallon, my wife and I wouldn't change our driving habits. It also doesn't hurt to drive a gas sipping vehicle.
 
Originally Posted By: salesrep


I'll go with $5 a gallon in the USA by June 0f 2012. $2.50 per liter in Europe.


I really wish people would stop posting stuff like this here...You will never see 5 bucks a gallon here...Maybe 3.50 but then it will drop again.

I have seeing people posting 5 bucks a gallon or more on here for the past couple of years.
 
Originally Posted By: LT4 Vette
We still have gas at a low price compared to other countries. If gas shot up to $6 a gallon, my wife and I wouldn't change our driving habits. It also doesn't hurt to drive a gas sipping vehicle.


Great for you. Unfortunately it kills most everyone else. Not only is it just the cost of fuel, it directly affects the prices of all consumer products, and especially any business that uses vehicles.
 
I remember when gas was over $4 and the main reason used was lack of supply and growing demand due to growth in China and India. I believe the demand part of this but after the oil well disaster in the gulf this lack of supply thing has got me baffled. From ONE well for 3 months almost a BILLION barrels of oil flowed. There are 1000s of new wells drilled every year so Billion times a 1000 is a Trillion. Seems that the supply isnt as tapped out as the cartels want us to think.

Since the supply is controlled by cartels across the world and since the supply (or the amount that is pumped) we will never know the true supply that is out there. But my guess is it is a lot bigger than the markets will ever think or understand.

Financial speculation was the other big reason oil went up to $150. Since the economic downturn and the lower demand for oil eased this speculation.
 
Last edited:
Originally Posted By: ctrcbob
You forgot another very important variable. The falling value of the American Dollar. As the USD goes down, the price of oil, paid in USD goes up. The price if paid in Euro's, or other world currencies has stayed the same, or even gone down.

BTW, €1.00 costs $1.40 (Nine years ago, I purchased €1. for $0.80 [thats 80 cents).
Not only that. The USD has fallen so low, the Canadian and Australian Dollar are now equal to the USD.
Yes indeedy. Its called monetizing the debt. John--Las Vegas.
 
Originally Posted By: CROWNVIC4LIFE
I really wish people would stop posting stuff like this here...You will never see 5 bucks a gallon here...I have seeing people posting 5 bucks a gallon or more on here for the past couple of years.


Of course, when (or if) it happens, people here will dredge up your post and quote it.
 
Originally Posted By: el_zorro
I remember when gas was over $4 and the main reason used was lack of supply and growing demand due to growth in China and India. I believe the demand part of this but after the oil well disaster in the gulf this lack of supply thing has got me baffled. From ONE well for 3 months almost a BILLION barrels of oil flowed. There are 1000s of new wells drilled every year so Billion times a 1000 is a Trillion. Seems that the supply isnt as tapped out as the cartels want us to think.

Since the supply is controlled by cartels across the world and since the supply (or the amount that is pumped) we will never know the true supply that is out there. But my guess is it is a lot bigger than the markets will ever think or understand.

Financial speculation was the other big reason oil went up to $150. Since the economic downturn and the lower demand for oil eased this speculation.

It is all B.S. Big money knows how to manipulate the price of any commodity. The market is manipulated beyond belief.
 
Status
Not open for further replies.
Back
Top Bottom