Gas could get back as low as $1.15/gal

[Calin]

Originally posted by: Queasy

Originally posted by: ArchCenturion
Are we allowed to stockpile our own gasoline?

Like could I go dig a big hole in my backyard and put some huge tank in it and store my own cheap gasoline for the times when prices go up too high?

You could but I don't think gasoline holds up very well when stored for long periods of time.

Why not? The crude oil seems to holds pretty well when stored for long periods of time.
You would need some air-proofing (and gasoline-vapor proofing) for the fuel tank, but that would be all.

 

[Calin]

Originally posted by: JulesMaximus
I'll eat my carbon fiber road bike if we see gas prices as low as $1.15 again.

Premium is still over $3/gallon here.

If you hydrogenate well and oxygenate just a bit the carbon fibers, you could drink them :beer:

 

[eplebnista]

Gas could get back as low as $1.15/gal

I hope so!

 

[j00fek]

man all of you are clueless, how dows the pres control what opec does and says about their oil? they control it not the dam gove they just tax the sh!t out of it

 

[Dacalo]

Originally posted by: Calin
No, you don't need to take into account the size of the country.
What you need to take into account is how spread the urban (inhabited) area is, and how much people need to go to their workplaces. How big is the density of the inhabitants (which affect how many people can be serviced by acceptable public transportation).
Do you know that there are places in China where the streets became deadlocked with people? When maybe your own american house far from the city sits over a surface bigger than what is used for a 10-stories building?

The reason USA uses so much gasoline is the urban sprawl, not the size of the country.

Not to mention SUVs everywhere. Yesterday, I drove by a Shell station and the pumps were occupied by 6 SUVs. I was thinking, "There can't be this many SUVs on the road." So on the next stop light, I count how many SUVs are waiting to make a left turn. I count 8 out of 10. Unbelievable.

Just more vehicles in the U.S. with lower MPG.

 

[mercanucaribe]

Originally posted by: Queasy

Originally posted by: Calin

Originally posted by: FoBoT

Originally posted by: Strk
For reference, Japan has a bit under half our population and uses around 5.5 million barrels of oil a day, while we use roughly 20 million barrels of oil a day (other developed countries have similar ratios).

don't you think you have to take into account the size of the country?

japan is a small country compared to the US, european countries are small

No, you don't need to take into account the size of the country.
What you need to take into account is how spread the urban (inhabited) area is, and how much people need to go to their workplaces. How big is the density of the inhabitants (which affect how many people can be serviced by acceptable public transportation).
Do you know that there are places in China where the streets became deadlocked with people? When maybe your own american house far from the city sits over a surface bigger than what is used for a 10-stories building?

The reason USA uses so much gasoline is the urban sprawl, not the size of the country.

I think I'll take a little sprawl over streets becoming deadlocked with masses of people walking...

I'd rather have a relatively sprawlless European or New England city where I can drive my V8 Grand Cherokee 5 miles to work and not worry about gas prices.

 

[Dobbs]

It would take me sometimes up to 2 full hours to drive home from work on a Friday evening. Thats a 42 miles drive from Sunland CA to Redondo Beach CA. I have to drive through downtown LA and the 110 freeway. Most of that drive tme is spent on a single 8 mile stretch of road. If there is little to no traffic, its a 30 minute drive.
If people in LA could get off the phone, learn to drive around turns without slowing drasticly, merge lanes at least a mile before needed (and not ten feet away from the exit from the other side of the road), and realise a Hummer and ginormous SUV 4x4 is totaly useless in the city, LA will always be a traffic nightmare haven for commuters. Hell, gas here is still hovering the $2.65 mark and up. Around the corner the Chevron is still at $2.80 because they know they can get it. Makes me sick.

 

[holden j caufield]

maybe I'm just imagining it but back when it was 3.50+ a gallon I thought people drove a bit more normal. Now that it's 2.50 they're driving like morons again. It doesn't matter what the price of gas is, I refuse to mash the gas to a red light simply to wait (I just let other cars trigger the light and I always go past them as I don't have to make a complete stop). The morons who tailgate me as I coast to a red light can go to hell.

A little bit of me hopes gas goes back up so people can be sensible

 

[Eli]

Gasoline can last about 6-8 months, maybe a year under ideal conditions.

Fuel stabilizers claim they can keep it fresh for up to 2 years.

 

[cheezy321]

Originally posted by: Calin

Originally posted by: FoBoT

Originally posted by: Strk
For reference, Japan has a bit under half our population and uses around 5.5 million barrels of oil a day, while we use roughly 20 million barrels of oil a day (other developed countries have similar ratios).

don't you think you have to take into account the size of the country?

japan is a small country compared to the US, european countries are small

No, you don't need to take into account the size of the country.
What you need to take into account is how spread the urban (inhabited) area is, and how much people need to go to their workplaces. How big is the density of the inhabitants (which affect how many people can be serviced by acceptable public transportation).
Do you know that there are places in China where the streets became deadlocked with people? When maybe your own american house far from the city sits over a surface bigger than what is used for a 10-stories building?

The reason USA uses so much gasoline is the urban sprawl, not the size of the country.

Dude you are a moron. You totally contradict yourself. You dont need to take into account the size of the country? well, if japan doesnt have any room left for urban sprawl, then how can they do it? The size of the country matters there. I bet if they could have a little bit of urban sprawl and suburbs, they would. They just dont have the ability to.

Of course the size of the country matters. Thats why america has the ability to create this "urban sprawl"

 

[Queasy]

Originally posted by: mercanucaribe

Originally posted by: Queasy

Originally posted by: Calin

Originally posted by: FoBoT

Originally posted by: Strk
For reference, Japan has a bit under half our population and uses around 5.5 million barrels of oil a day, while we use roughly 20 million barrels of oil a day (other developed countries have similar ratios).

don't you think you have to take into account the size of the country?

japan is a small country compared to the US, european countries are small

No, you don't need to take into account the size of the country.
What you need to take into account is how spread the urban (inhabited) area is, and how much people need to go to their workplaces. How big is the density of the inhabitants (which affect how many people can be serviced by acceptable public transportation).
Do you know that there are places in China where the streets became deadlocked with people? When maybe your own american house far from the city sits over a surface bigger than what is used for a 10-stories building?

The reason USA uses so much gasoline is the urban sprawl, not the size of the country.

I think I'll take a little sprawl over streets becoming deadlocked with masses of people walking...

I'd rather have a relatively sprawlless European or New England city where I can drive my V8 Grand Cherokee 5 miles to work and not worry about gas prices.

That's the great thing about the USA. You can live in the urban environments of cities like NYC, you can choose to live in the sprawl of places like Atlanta, or you can live out in the small towns....

The one thing we don't have are streets so packed with people that it creates gridlock....well...maybe Disney World during peak season.

 

[Eos]

Originally posted by: HamburgerBoy
$1.15 is pretty low. Was it that low even pre-Bush? IIRC it was about $1.80 around then, so I kind of doubt it.

These prices are the tanks that I bought in and around from Eugene, OR starting 1 August 2000 until 11 November 2000:

08-01 $1.65
08-11 $1.63
08-18 $1.67
08-19 $1.79
08-21 $1.69
08-24 $1.59
08-26 $1.61
09-03 $1.79
09-10 $1.81
09-16 $1.79
09-22 $1.79
10-05 $1.79
10-15 $1.82
10-21 $1.75
10-28 $1.74
11-11 $1.71

Election 2004:

(Again, August through just after the Presidential election)

07-31 $1.81
08-11 $1.84
08-29 $1.89
09-04 $2.00
09-29 $2.07
10-05 $1.99
10-21 $2.12
11-07 $2.03
11-10 $2.02

This year:

08-07 $3.12
08-23 $3.09
09-07 $3.12
09-15 $2.97
10-04 $2.74

Of course, YMWV because of where you live, but this was my experience with elections and fuel prices.

 

[dmcowen674]

Originally posted by: holden j caufield
maybe I'm just imagining it but back when it was 3.50+ a gallon I thought people drove a bit more normal. Now that it's 2.50 they're driving like morons again. It doesn't matter what the price of gas is, I refuse to mash the gas to a red light simply to wait (I just let other cars trigger the light and I always go past them as I don't have to make a complete stop). The morons who tailgate me as I coast to a red light can go to hell.

A little bit of me hopes gas goes back up so people can be sensible

Many places around the Country reporting 25 cent plus jumps today.

Enjoy :laugh:

 

[dmw16]

that would be nice, but 2.33/gal for premium isnt bad.

 

[Queasy]

Originally posted by: dmcowen674

Originally posted by: holden j caufield
maybe I'm just imagining it but back when it was 3.50+ a gallon I thought people drove a bit more normal. Now that it's 2.50 they're driving like morons again. It doesn't matter what the price of gas is, I refuse to mash the gas to a red light simply to wait (I just let other cars trigger the light and I always go past them as I don't have to make a complete stop). The morons who tailgate me as I coast to a red light can go to hell.

A little bit of me hopes gas goes back up so people can be sensible

Many places around the Country reporting 25 cent plus jumps today.

Enjoy :laugh:

Oil back under $60 - again

WASHINGTON - Oil prices fell below $60 a barrel Friday as the market grew skeptical of reports that OPEC planned immediate cuts to production.

Analysts said the longer-term view is that the Organization of Petroleum Exporting Countries could very well act before the end of the year to trim its output as global inventories rise and economic growth slows. But they said prices could drift lower until they see definitive proof that oil has been taken off the market.

Light sweet crude for November delivery dropped 33 cents to $59.70 a barrel on the New York Mercantile Exchange.

On London?s ICE Futures exchange, November Brent crude fell 32 cents to $59.68 a barrel.

?The market is not expecting any production cuts at the moment,? said Tetsu Emori, an analyst with Mitsui Bussan Futures in Tokyo.

Prices had risen Thursday following reports that the 11-member Organization of Petroleum Exporting Countries was planning to trim its daily production by 1 million barrels.

Traders said they doubted whether all OPEC members would go ahead with any informal agreement intended to stem a 24 percent decline in prices since mid-July.

?The issue now becomes one of the OPEC moves versus the abundant stocks currently being held,? said Paul Harris, an analyst for Bank of Ireland Global Securities in Dublin.

Credit Suisse said in a research note Friday that it expects oil prices to stay below $70 for the next three or four years as spare capacity builds up within OPEC.

?We believe this resolution process will likely take several years and will entail a period of widely fluctuating prices in the $50-$70 range,? the note said. ?We also note that the bulk of industry spare capacity, as has always been the case, will lie within OPEC countries, with attendant political and policy risks.?

In other Nymex trading, heating oil futures fell 1.35 cent to $1.6785 a gallon while unleaded gasoline futures fell 4.15 cents to $1.475 a gallon. Natural gas futures gained 2.7 cents to $6.325 per 1,000 cubic feet.

Prices in my area have dropped down as low as $1.96/gal.