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Gas prices soon to be $3.00 / gallon

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So what, that's for premium gas. That affects about 1% of the cars out there.

And Ornery is correct. Gas is no more expensive now than it ever was. Folks are too hung up on a specific number.
 
Originally posted by: Ornery
Gas prices are the same as they were in the fifties & sixties, let alone eighties! And, at that time, the most popular car in the country only got about 14MPG, yet now we're supposed to buy tiny death-mobiles in order to save money on fuel! :roll:

I'd STILL like to know how YOU propose oil & gas be priced and distributed. Got some kind of new laws and/or wars in mind, or what?
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What I'm trying to tell you is that your price comparision is bullsh!t. Hard to swallow I'm sure. And if you'd read my posts in this thread, you'd know that I'm not too terribly concerned about the price of gas, as I consider this to be a normal seasonal adjustment, albeit overly influenced by futures speculation... again.

As for oil and gas distribution... last I checked, anti-trust laws were already on the books. So, no... I don't have any new laws in mind, just enforcing the ones we already have. 😉

And as for war, didn't your party already do that, leading almost immediately to a significant jump in gas prices in '03? The LP opposed the war.

edit:
Originally posted by: Pacfanweb
And Ornery is correct. Gas is no more expensive now than it ever was. Folks are too hung up on a specific number.
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So it's not now more expensive that it was last month? Or in '85? 😉
 
Originally posted by: Vic
edit:
Originally posted by: Pacfanweb
And Ornery is correct. Gas is no more expensive now than it ever was. Folks are too hung up on a specific number.
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So it's not now more expensive that it was last month? Or in '85? 😉
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In the short run, yes it's more expensive, but in the long run, it's not. Gas prices just did a bit of catching up to all other prices, that's all.

Think about this: You could buy a Chevy Tahoe in 1995 when they were introduced, fully loaded, for right at 30k.

Today, the same vehicle costs over 40k.

Your electricity costs more. Your cable costs more. Nearly everything does.
So why do we expect gas to cost the same as it did in the 80's or 90's?

It would be nice, but unrealistic. As greedy as the oil companies are, they aren't as bad as the cable or power companies.
When's the last time your cable bill went down just in time for prime TV-watching season?


 
Originally posted by: Fingolfin269
You guys just need to move. I filled up for under $2/gal a couple of days ago. 😛
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If you can get my job to move next door to my school, I'll move. Or the other way around. I'm not picky. 😀

 
Well well I was shocked to see $1.84 to 2.19 change in the matter of what 4-5 days. I'm putting in $10 a fill up untill it goes down. Which means maybe never.

Can Iraq invade Saudi with their Police and our equipment? I'm down with that.

Oh and All you war for Oil goobers can shut your piehole now!
 
Originally posted by: iamwiz82
Originally posted by: WayneTeK
Gas Price @ $3.00

or

Fox News Coverage

I did a quick estimate.

Current gas price:
-Premium Unleaded: $2.50
-Total to fill up: 13.2 gallons * $2.50 = $33 FULL TANK
-Let's say you fill up once a week for a month: $33 * 4 = $132


Future Gas Price:
-Premium Unleaded: $3.00~$3.30???
-Total to fill up: 13.2 gallons * $3.00 = $39.60
13.2 gallons * $3.30 = $43.56
-Let's say you fill up once a week for a month: $39.60 * 4 = $158.40
or $43.56 * 4 = $174.24

Total Difference
$26.40 ($3.00/gal) more you have to pay
-or-
$42.24 ($3.30/gal) per month. So pretty much, it's like not going out on a date once with your girl.


These are just estimates people. Don't take it too seriously.
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The article said to expect $2.15 a gallon, on average. Where did $2.50 and $3.00 come from?
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FUD...:roll:
 
Originally posted by: her209
I'm gonna go ahead and predict a very VERY profitable year for the oil companies.
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Right...the cost just increased on their primary input so somehow they'll make more money :roll:
 
we need to start up that hydrogen economy. we got the most coal in the world. excellent for making hydrogen. bonus is we'd warm the earth so much the middle east would cease to be a problem, being turned into a massive desert and all. sacrifice a few coastal states, but oil independence and peace in the middle east? i think its worth it.
 
Hmm, when's the last time I bought gasoline. Probably about a week before I gave away my old stationwhale to a local charity, and began using my bicycles for transportation 100% of the time, rather than 95% of the time.

Now if the prices on frozen pizza, breakfast cereal and milk jump, THEN I might be hurtin' 😉
 
Originally posted by: 0roo0roo
we need to start up that hydrogen economy. we got the most coal in the world. excellent for making hydrogen. bonus is we'd warm the earth so much the middle east would cease to be a problem, being turned into a massive desert and all. sacrifice a few coastal states, but oil independence and peace in the middle east? i think its worth it.
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There are alternative oil sources in North America - oil shale and sands in Canada and the US West, if I remember correctly.

The problem is that you can't extract these sources cost-effectively. Ultimately, a barrel of crude is cheaper. Like a previous poster said, put in strong and cheap public transport systems and solve the problem - like we had in the 40s and 50s until GM and Firestone came in and took them over (see Antitrust case), bankrupted them, and got away with it.

Edit: I can deal with $3 gas. Maybe it will get a few more SUVs off the road and won't keep me from fearing from my life when I start to bralke and all I can see in my rearview mirror is GRILLE GRILLE GRILLE instead of a person and a windshield.
 
Originally posted by: b0mbrman
Originally posted by: her209
I'm gonna go ahead and predict a very VERY profitable year for the oil companies.
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Right...the cost just increased on their primary input so somehow they'll make more money :roll:
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Where are you getting this from? They're the ones pumping the oil, remember. Costs on that pumping, if anything, rise negligibly in relationship to the quantity they're producing for the demand. It IS profitable for them, which is why you see stocks like COP and XOM going through the roof this past eight months.
 
Originally posted by: sharkeeper
Now if the prices on frozen pizza, breakfast cereal and milk jump, THEN I might be hurtin'
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They are going up. Trucks and ships run on diesel and the price of that is going through the roof!
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:Q noooess!1!!!

 
Originally posted by: MadCowDisease
Originally posted by: b0mbrman
Originally posted by: her209
I'm gonna go ahead and predict a very VERY profitable year for the oil companies.
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Right...the cost just increased on their primary input so somehow they'll make more money :roll:
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Where are you getting this from? They're the ones pumping the oil, remember. Costs on that pumping, if anything, rise negligibly in relationship to the quantity they're producing for the demand. It IS profitable for them, which is why you see stocks like COP and XOM going through the roof this past eight months.
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It's basically that if oil prices rise gradually even, the oil companies make more money because the crude they got how ever many months ago is now worth more and they can sell it for a higher profit.
 
Originally posted by: Mwilding
Originally posted by: Ornery
In 1959 - 1969 the Chevy Impala was the best selling car in America. It got about 14MPG and nobody complained about that, even though they were paying the equivilent of $2.00 per gallon, and an even bigger chunk of their monthy budget!

SKY-HIGH GAS PRICES? NOT REALLY
  • Sure, the $2.03 being charged at the pump today *seems* high. But in actual financial terms, it's a lot less onerous than the $1.25 a gallon motorists were paying in 1980 -- a whopping $2.80 when translated into 2004 dollars. (Adjusted the other way, today's $2.03 pump price is equal to less than 90 cents in 1980 dollars.) When it comes to historical price comparisons, nominal dollar amounts signify little. It is the inflation-adjusted price that tells you whether the true cost of a product has increased, decreased, or stayed the same.

    There's also the question of affordability. Adjusted for inflation, gasoline prices today are roughly where they were in the 1950s -- but per-capita real income then was no more than half of what it is today. Which means that for a typical driver 50 years ago, gasoline was really twice as expensive -- in terms of the bite it took out of his budget -- as it is now. Only in the shallow sense of nominal pump price is gasoline today "setting record after record." In reality, it is much cheaper than it used to be.
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pssst... never let the facts get in the way of a good rant!
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I completely understand this, but, somehow it still doesen't matter.

I'm not really sure how to explain it.

Part of it may be the way we see gas prices fluctuate so much. Most of us younger people were alive when it was a mere dollar per gallon, so 2$ seems outrageous a mere 5-10 years later.

I've mentioned this before, and Vic has touched on this here too... gas prices affect the middle-lower class the most.. Somehow, that figures into the statistics not really mattering. 😛
 
Not quite, the USS Kitty Hawk stationed in Japan is powered by diesel, the USS Kennedy is also the same, though I've been reading that they might mothball the USS Kennedy.
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Actually , the Kitty Hawk and JFK are boiler ships. Burn oil to heat water to drive steam turbines to turn propellers and generators.

Their escorts are normally gas turbine driven ships (like the engines on a DC-10). Burn a fuel close to kerosene.

With the exception of the really big amphibious ships (boiler), the other amphibs, minesweepers and other smaller auxiliary ships are diesel.
 
Originally posted by: Trevelyan
The problem with increasing crude oil prices is NOT just the price of gasoline.

Almost everything we do in some way depends on energy derived from oil. Plastics, for example. Plus, everything you buy has to be shipped from somewhere else, so its price increases.

I know it doesn't seem like much money at all, but oil isn't just another commodity. It's the one thing that is nearly universally needed before almost anything else for industrialized nations. So if the price of oil goes up the price of everything goes up. I mean, the price of crude oil has doubled in the past few years, its no wonder our economy has a tough time starting back up.
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Hit it right on the button. Many ppl don't realize oil = blood for industrialized world economy.
 
...gas prices affect the middle-lower class the most..

It must gall our left coast, and other blue state voters, that we can't apply their progressive taxation to such things as gasoline and other consumables. 😛
 
Originally posted by: Ornery
...gas prices affect the middle-lower class the most..

It must gall our left coast, and other blue state voters, that we can't apply their progressive taxation to such things as gasoline and other consumables. 😛
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I don't really understand what you mean, heh.

I mean I do, but.. I don't know anything about that kind of stuff. 😛

I do agree that gasoline is "the thing" to bitch about.. many things are way more expensive. It's still not a good thing when prices go up though.
 
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