Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

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dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
I took a picture this morning on the way home from work

Here you go, corner of Pulaski and Irving Park Rd

Regular $3.78 Med $3.90 Premium $4.00

http://www.flickr.com/photos/59817054@N07/5468535628/
5468535628

This station is now at $3.92 for regular
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
http://abclocal.go.com/wabc/story?section=news/business&id=7978544&rss=rss-wabc-article-7978544

Gas prices passing the $4 mark in spots


With regular gas hitting prices at $4.09, and premium topping out at $4.29, the Union Port Station in the Bronx becomes one of the first gas stations to break through what used to be thought of as a glass ceiling. In other words, people did not expect gas prices to hit the $4.00 mark.

Now that there is no longer a glass ceiling, the question is what happens when $4 goes to $5 and so on.
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
Oil fell yesterday (not sure how much) but gas was up another $0.10 to $3.399 here in Lexington.
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
Talk about a crock of shit...

This is why we need to get off of the shit and develop something else (ala Brazil). Give the middle east a big ole middle finger...

gas-prices.jpg
 

Doppel

Lifer
Feb 5, 2011
13,306
3
0
This station is now at $3.92 for regular
Three weeks ago, post 392 you said that
A lot more stations closing in on $5 in Chicago now, most at $4.80

Caught in another lie, now you're catching yourself out. You're not even a good liar. And lying on the internet convincingly is as easy as lying gets, but you cannot even do that well. Do you not feel some level of embarrassment at your behavior?
Oil fell yesterday (not sure how much) but gas was up another $0.10 to $3.399 here in Lexington.
It lags. I've read that $1/oil increase is 2.5 cents increase in gas, so a $20 run up you're looking at a $.50 lag on gas prices.

National average is $3.28. It will take another $10-20 probably in oil run up plus catching up to where they are now to break a national average of $4.
 
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Engineer

Elite Member
Oct 9, 1999
39,230
701
126
It lags. I've read that $1/oil increase is 2.5 cents increase in gas, so a $20 run up you're looking at a $.50 lag on gas prices.

National average is $3.28. It will take another $10-20 probably in oil run up plus catching up to where they are now to break a national average of $4.

It might lag going down but it sure the hell goes up almost instantly. If oil dropped to what it was 3 weeks ago (today), it would take a month for the gasoline to fall to that 3 week ago level at the pump.
 

bamacre

Lifer
Jul 1, 2004
21,029
2
81
Didn't we go through this 2-odd years ago when people like you were claiming a huge portion of oil's run up was due to the dollar?

Do you ever learn?

Nowhere in my post did I imply oil was going up because the dollar is going down. It's rather obvious that turmoil in the middle east is causing concern. But continue to see what you want to see.
 

Doppel

Lifer
Feb 5, 2011
13,306
3
0
No, ID10T's like you should be apologizing to me for your rude behavior and lies.

But carry on, everyone knows your hate for the country.

Its all in black & white for all to see.
You should be mad at yourself for being so easily caught in an endless stream of lies, not at me for pointing it out.

It's not like it was difficult. I didn't even have to go into other threads as you contradict yourself even in the same one. You're an extremely poor liar. Really bad at it. Practice doesn't seem to make perfect, because you keep doing it but you're getting worse.
 

Attic

Diamond Member
Jan 9, 2010
4,282
2
76
The question for me becomes is it worth saving $50 a week in gas, +minor maintance savings, while picking up an additional 15 hours per week in travel time on public transporation. I've got a 50 mile round trip each day for work.


If we had better public transit I think the decision would be much easier for a lot of us. Take the time to look at your routes and you might be surprised at how close you can get your route from your doorstep to your office.

If saving on gas didn't come at the cost of nearly tripling my commute time each week the decision would be a lot easier.

Though despite this I have tried even with the huge drawback of an inneficient public transportation system in Southern California. Problem is that the routes and the drivers can't figure out that if one route runs even a couple minutes late it causes the rider to show up 40 minutes or more late to work and that they might need to use some discretion when leaving transpo hubs where the main artery of commute is running late. When you need 3+ routes to get somewhere and each route has a %50+ chance of running late you end up with the nearly impossible task of getting up early enough to give the first route enough cushion to make up for multiple deliquences amongst the future routes.
 

Doppel

Lifer
Feb 5, 2011
13,306
3
0
Gasoline in Orlando is averaging $3.36 today, and there are stations selling for under $3.20. $3.69 in California, but there are stations selling for under $3.40.
 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
If instability keeps up in the ME y'all have seen nothing yet. They are idiots so they need to sell oil to eat but with enough regimes going down I can see $230 easy. Davids drive for $5 will have come and gone by then.
 
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Zebo

Elite Member
Jul 29, 2001
39,398
19
81
Talk about a crock of shit...

This is why we need to get off of the shit and develop something else (ala Brazil). Give the middle east a big ole middle finger...

gas-prices.jpg

LOL.

Everything is a derivative of oil. Our whole economy and everything in it and all alternates. Basically alternatives aint happening without about 220 trillion to invest and 20 years of planning/building. We're broke and 20 years? Politicians cant think past 2/4/6
 
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dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Meanwhile Libya's terminal goes just about offline:

http://news.yahoo.com/s/ap/20110226...jb3JkaW9uX2J1c2luZXNzBHNsawN0dXJtb2lscm9ja3M-

Turmoil rocks Libya's oil sector, slashing output



The massive oil terminal at Brega feels strangely deserted for Libya's second-largest hydrocarbon complex. After more than a week of turmoil in the country, production has been scaled back by almost 90 percent with many employees fleeing and ships not coming to collect its products.

Since the crisis began on Feb. 15, however, General Manager Fathi Eissa said the facility has had to scale back production dramatically from 90,000 barrels of crude a day to just 11,000.

At Brega, the huge spherical storage containers and reservoirs used to hold natural gas and crude oil are filling up rapidly with no ships to cart away their valuable contents.

"At this time we are operating with the minimum required number of operators, technicians mainly," Eissa said. "The production from the fields right now is at minimum, it is not completely stopped but it is minimum."

Many of Brega's 600 foreign workers — mostly from Britain and other European countries — were preparing to evacuate. The British frigate HMS Cumberland, which took evacuees from Benghazi to Malta, is set to return to pick up many of Brega's workers. They missed an earlier evacuation at Benghazi because of the poor state of communications in the country.