gasoline prices keep soaring!

[nageov3t]

$1.7x in Jersey... fortunately, I only drive 3 miles to work everyday.

I can go for a month on 1 tank of gas it's just all about conning my friends into driving whenever we go on road trips.

 

[Linflas]

I guess we are kind of lucky here. Prices here average between $1.64-$1.74 for 87 octane. Cross in to Fairfax County and the prices go up 10-15¢ per gallon.

 

gasoline prices keep soaring!

And everyone's IQ keeps dropping in OT.


I just installed a set of low compression cylinder heads on my VW bus so I can go back to using regular gas, going camping, see you clowns later !!

 

[Eli]

Originally posted by: Roger

gasoline prices keep soaring!

And everyone's IQ keeps dropping in OT.


I just installed a set of low compression cylinder heads on my VW bus so I can go back to using regular gas, going camping, see you clowns later !!

Have fun Roger! :beer:

 

Thanks Eli

I did a little modding on my bus, what do ya think ?

 

[xSauronx]

gas went from 1.68 to 1.73 for 87 yesterday...5 cents in an afternoon, bah. my gas bill for vacation this summer is going to suck by the look of things

 

[LordJezo]

$1.58/gal in NJ here, $24 to fill up tank now.

If prices go to $1.70/gal then it will cost $26 to fill up my tank.

Meh. I can deal.

 

[Mallow]

ever hear of peak oil? We've hit it.

only the saudi's can save us. ironic isn't it?

 

[Eli]

Originally posted by: Roger
Thanks Eli

I did a little modding on my bus, what do ya think ?

:Q

That's badass.

 

[Fausto]

Originally posted by: ThisIsMatt

Originally posted by: Fausto

Originally posted by: ThisIsMatt

Originally posted by: Fausto
Jeebus, people. Ride your bike or something now and then and it's just not that big a deal. It costs me $30+ to fill my Explorer, but I only do so roughly once every 1-2 weeks.

Yeah, because those of us with a 20+ mile commute can easily bike 40+ miles a day.

$2.25/gallon for 87 here...

Honestly, that's really not as bad as it sounds. My commute is 8 miles each way and it only takes me 30 minutes. It's actually faster than driving 90% of the time thanks to Atlanta gridlock.

My commute isn't flat, and it's about 24 miles via the freeway. Bikes are not allowed on the freeway. Thus, taking bike accessable routes would add a few more miles. It would take 2 hours to bike what I drive. Just assuming I don't sweat and have to shower by the time I get there, I'd still have to leave by 7am and wouldn't get home until 8pm.

Well, it may not work for you but my point is that quite a few people could get to work via something other than a car. I don't recall the exact stat, but a decent % of people live within 10 miles of work; those are the ones I'm referring to.

Anywho, sorry you're stuck driving. Anyone near you that would be willing to carpool? Kind of a PITA, but you'd certainly save on gas.

 

[Eli]

Originally posted by: Mallow
ever hear of peak oil? We've hit it.

only the saudi's can save us. ironic isn't it?

Actually, if we've hit Peak Oil, not even the Saudi's can save us.

Peak Oil means Peak Oil.. world wide.

Of the 120 largest oil wells that produce 50% of the worlds oil, 14 produce 20%.

Of those 14, the average age is 43.5 years. That is bad. We have not discovered a large oil reserve in a long time, and many experts believe we will never, because we've found them all.

Would love for them to be proven wrong, though. Even though it would only prolong Peak Oil by a few years, a decade at best.

 

[duke]

Originally posted by: Eli
You are not qualified to talk about gasoline.

Stop buying Premium if your automobile doesen't require it. That will help.

:beer:

 

[Calin]

Originally posted by: Fausto

Originally posted by: fredtam

Originally posted by: Fausto
Jeebus, people. Ride your bike or something now and then and it's just not that big a deal. It costs me $30+ to fill my Explorer, but I only do so roughly once every 1-2 weeks.

Jeebus, man. Drink water or something now and then and it's just not a big deal. It cost me only $3.89 to fill my milk supply, but I only do so roughly every 1-2 weeks.

Hehe....my milk thread was largely a parody of all the gasoline whining threads.

I do drink a lot of milk, but the brand I prefer is organic so I already pay a bit of premium.

I never imagined that there is such thing as non organic (anorganic) milk...

Calin

 

[Nanotech]

Originally posted by: Marauder911
Oh come on, gas in a relatively inelastic product. As the price goes up or down, demand will stay relatively constant. You know, and I know that you will continue to purchase gas, and drive, and I pay $2.10 per gallon.

Our premium has not risen above $2.00 yet but it will and when it does I will pay! Boooooooooooo!

 

[TerryMathews]

Originally posted by: Eli

Originally posted by: ReiAyanami
PEAK OIL!! PEAK OIL!!

That remains to be seen.

However, the fact that oil production is going down, and has since the year 2000, is quite alarming.

According to the Saudi's (Which are obviously a biased source), crude oil production is being reduced because the supply is greater than the demand. They say that the reason for high gas prices here in the states is because we do not have enough refineries and too many blends of gasoline. Are they right? Us common people will probably never know, but it is interesting that the major gas companies here are posting record profits...

 

[dmcowen674]

Originally posted by: TerryMathews

Originally posted by: Eli

Originally posted by: ReiAyanami
PEAK OIL!! PEAK OIL!!

That remains to be seen.

However, the fact that oil production is going down, and has since the year 2000, is quite alarming.

According to the Saudi's (Which are obviously a biased source), crude oil production is being reduced because the supply is greater than the demand. They say that the reason for high gas prices here in the states is because we do not have enough refineries and too many blends of gasoline. Are they right? Us common people will probably never know, but it is interesting that the major gas companies here are posting record profits...

Hehehehe

Good I hope more of them shut down and they crank the Gas up to $3 or more.

 

[Eli]

Originally posted by: dmcowen674

Originally posted by: TerryMathews

Originally posted by: Eli

Originally posted by: ReiAyanami
PEAK OIL!! PEAK OIL!!

That remains to be seen.

However, the fact that oil production is going down, and has since the year 2000, is quite alarming.

According to the Saudi's (Which are obviously a biased source), crude oil production is being reduced because the supply is greater than the demand. They say that the reason for high gas prices here in the states is because we do not have enough refineries and too many blends of gasoline. Are they right? Us common people will probably never know, but it is interesting that the major gas companies here are posting record profits...

Hehehehe

Good I hope more of them shut down and they crank the Gas up to $3 or more.

3$/gallon won't be the end of the world. Neither will 4, or 5 for that matter.

6-10, now you're talkin about some serious economic carnage.

Regarding the Saudis.. There's no way you can believe anything from them..... Hell, you can't even believe our own USGS and EIA. They are always rising their "proven reserves". Their reports on future oil reserves are propaganda, and they even admit it.

These adjustments to the estimates are based on non-technical considerations that support domestic supply growth to the levels necessary to meet projected demand levels.

In other words, they predict how much they think we'll need, and then say "Hey look, that's how much we've got!"

Does OPEC do this? You bet.

during the late 1980s, several OPEC countries drastically increased their reported oil reserves with no corresponding major oil discoveries. Why was this? The reason is that an individual OPEC member?s quotas are proportional to their proven reserves. Since the larger the quota, the more money they can earn, this obviously gave them a strong incentive to 'adjust' their figures. As Dr. Campbell and Jean Laherrere have explained, "such reserve growth is an illusion."

I hate to be an alarmist, but the whole depleted oil supply scenario is quite the doozie.

 

[Aharami]

people dont realize what kind of devastating effects peak oil would have in a decade. cars are the not the only things that use oil....everything from food to electricity to plastics use oil

 

[m2kewl]

Originally posted by: Aharami
people dont realize what kind of devastating effects peak oil would have in a decade. cars are the not the only things that use oil....everything from food to electricity to plastics use oil

bleh who cares! let the next gen worry about sheit...it's the american way

 

[Aharami]

Originally posted by: m2kewl

Originally posted by: Aharami
people dont realize what kind of devastating effects peak oil would have in a decade. cars are the not the only things that use oil....everything from food to electricity to plastics use oil

bleh who cares! let the next gen worry about sheit...it's the american way

i know you're joking/being sarcastic but fyi, those issues i mentioned above...will most likely come into play in our lifetime...not the next generation's

 

[Eli]

Originally posted by: Aharami

Originally posted by: m2kewl

Originally posted by: Aharami
people dont realize what kind of devastating effects peak oil would have in a decade. cars are the not the only things that use oil....everything from food to electricity to plastics use oil

bleh who cares! let the next gen worry about sheit...it's the american way

i know you're joking/being sarcastic but fyi, those issues i mentioned above...will most likely come into play in our lifetime...not the next generation's

They will.

There is almost no doubt about it. I'm 22.

There are very few, if any, experts that think we will have any sort of abundant supply of oil in 50 years.

I do not believe that they are reducing oil production because supply outpaces demand, that's obsurd. It's not like the worlds demand for energy is going down. It's increasing at about 2% a year.

If supply was outpacing demand, and they cut production to even it out.. wouldn't it simply cause gas prices to remain constant, not rise?

 

[Fausto]

Originally posted by: Calin

Originally posted by: Fausto

Originally posted by: fredtam

Originally posted by: Fausto
Jeebus, people. Ride your bike or something now and then and it's just not that big a deal. It costs me $30+ to fill my Explorer, but I only do so roughly once every 1-2 weeks.

Jeebus, man. Drink water or something now and then and it's just not a big deal. It cost me only $3.89 to fill my milk supply, but I only do so roughly every 1-2 weeks.

Hehe....my milk thread was largely a parody of all the gasoline whining threads.

I do drink a lot of milk, but the brand I prefer is organic so I already pay a bit of premium.

I never imagined that there is such thing as non organic (anorganic) milk...

Calin

Organic = milk from cows not given antibiotics/BGH/etc.

 

[TerryMathews]

Originally posted by: Eli

I do not believe that they are reducing oil production because supply outpaces demand, that's obsurd. It's not like the worlds demand for energy is going down. It's increasing at about 2% a year.

If supply was outpacing demand, and they cut production to even it out.. wouldn't it simply cause gas prices to remain constant, not rise?

You don't use crude oil, do you? You're making a very common mistake, assuming that the amount of crude oil that OPEC produces has anything to do with the price of gasoline. It does, but it plays nowhere as strong an influence as the refining capabilities here in the US, the cost of required additives, and the taxes placed on gasoline by various levels of government.

OPEC says they produce more crude oil than the refineries can take advantage of. Refineries post record profits. It's impossible to know for sure who is lying here, the money trail implies that OPEC isn't the lying party.

 

[EXman]

Woo Hoo Went to Destin and it was in the $1.50ish range in Alabama! cheaper taxes I guess.