Yet Another Gas Thread

[0roo0roo]

Originally posted by: iversonyin

Originally posted by: 0roo0roo
man, when it hits 5 dollars.. f*ck it, its war time!

it been war time, where have you been?

thats war for "democracy"
i want war for oil.

 

[BoomerD]

With the trends over the past couple of years, anyone else think we'll be at $4/gallon by Labor Day?

/me drives a 3 ton Expedition 4X4...and averages much less than 20 mpg...

 

[mithrandir2001]

Originally posted by: eos

Originally posted by: mithrandir2001
High gas prices do have a silver lining: it will sweep a percentage of the car buying public out of large vehicles and into smaller ones. Cheap gas (say $1.50/gallon) simply creates a driving environment filled with land barges, congestion and sprawl. Prices that pinch, if not hurt, will finally get the American public serious about conservation and chip away at our mindless drive-everywhere-in-our-2-ton-vehicles culture.

Just to be clear, I have a Toyota sedan that weighs about 3500 pounds. Aluminium heads, auto trans, blah blah blah.

I think a 2 ton car is the old 1 ton car. I wonder if you're thinking of 2.5 ton cars...

The only Toyota sedan that would weigh that much is the Avalon or the Camry hybrid.

Of course weight bloat is a problem with almost all vehicles today. A Civic EX sedan with AT tips the scales at just over 2800 pounds. Yet some buyers won't consider the Civic because "OMG, it's a Civic, it's a little car" even though that's not the case today: today's Civic is at least the size of an Accord of just 10 years ago. Americans have been constantly moving the bar upwards...we demand big, big, big.

 

[Mermaidman]

Originally posted by: mithrandir2001
High gas prices do have a silver lining: it will sweep a percentage of the car buying public out of large vehicles and into smaller ones. Cheap gas (say $1.50/gallon) simply creates a driving environment filled with land barges, congestion and sprawl. Prices that pinch, if not hurt, will finally get the American public serious about conservation and chip away at our mindless drive-everywhere-in-our-2-ton-vehicles culture.

I had a similar thought. Hopefully, fuel will reach $6/gal. It will force people to reduce their consumption, something that they are not doing voluntarily. Tough love!!

 

[iversonyin]

Originally posted by: eos

Originally posted by: iversonyin

Originally posted by: eos

Originally posted by: iversonyin

Originally posted by: veggz
If the price inflation isn't artificial why would oil company stock prices necessarily rise?

Supply and demand...driving season = more demand for gas. I believe we haven't build a refiner for quite some time so our capacity to produce gasoline is capped. Capped supply + increase demand = price increase. And oil companies buy and sell these things at market price. Or they hedge using futures/forward contracts.

Really? REALLY?

Demand in my area went up 6% in one day? I have never been adequately explained the supply & demand that a lot of people say is the reason for higher prices. It all seems like voodoo to me.

No one is having trouble buying fuel are they? Are there shortages now that "demand is up"?

I'm seriously.

You obviously haven't been paying attention to anything that related to oil. Too much WoW?

Refiners shut down some of their refineries to prepare to crank them up for summer driving season. Capacity utilization fell below 90%...hence the built in crude inventories...hence the 6-10% jump in gasoline price. It's not just your local and regional demand..its also the world's demand.

As a friendly reminder, the Chinese economy is going to grow at high single digit- I mean you would think they would need some oil and gas? And our economy is growing at 2%. 4.5% unemployment rate in our country. What does all these mean? Low employment = more consumer spending = we buy more crap that come out of China = they need gas.

But short term wise, refiners shut down their refineries for maintenance and repair so that they can meet demand in the summer. We haven't build a new refinery since god know when. Blame the government.

I think WoW is World of Warcraft, but your (incorrect) stereotypes don't bother me.

My comment on S&D is a long time conundrum. No one can completely explain to me (this goes for you as well) about the demand part. Okay, so supply may be short right now based on summer blends being prepared. I ask again: Is anyone being turned away at the pump because the tanks are empty? If no, then the supply is there. Demand is up? Prove it.

And your wussy 5 speed! Try this 13 speed:

R 2/6+od 4/8+od

1 3/7+od 5/9+od

http://www.bloomberg.com/apps/news?pid=20601101&sid=aH79PYpho_mE&refer=japan

You don't like reading, do you? Once again, its the WORLD's demand that determine price of oil and gas. U.S. is one of the biggest user of gasoline and petroleum product. So OUR increasing demand for gas can cause price to go up if there's limited supply in the market. What don't you get?

The bidding for prices started at higher end of the chain and then pass down to the consumer. If the bidding for prices is at the consumer level....you will lose your wallet for a tank of gas.

 

[jadinolf]

Originally posted by: miri
$3? I wish it was that cheap here, it is already 3.20 for 87 octane

I paid $2.999 on March 19. No idea what it is today.

 

[Eos]

Originally posted by: mithrandir2001

Originally posted by: eos

Originally posted by: mithrandir2001
High gas prices do have a silver lining: it will sweep a percentage of the car buying public out of large vehicles and into smaller ones. Cheap gas (say $1.50/gallon) simply creates a driving environment filled with land barges, congestion and sprawl. Prices that pinch, if not hurt, will finally get the American public serious about conservation and chip away at our mindless drive-everywhere-in-our-2-ton-vehicles culture.

Just to be clear, I have a Toyota sedan that weighs about 3500 pounds. Aluminium heads, auto trans, blah blah blah.

I think a 2 ton car is the old 1 ton car. I wonder if you're thinking of 2.5 ton cars...

The only Toyota sedan that would weigh that much is the Avalon or the Camry hybrid.

Of course weight bloat is a problem with almost all vehicles today. A Civic EX sedan with AT tips the scales at just over 2800 pounds. Yet some buyers won't consider the Civic because "OMG, it's a Civic, it's a little car" even though that's not the case today: today's Civic is at least the size of an Accord of just 10 years ago. Americans have been constantly moving the bar upwards...we demand big, big, big.

Excellent deduction!

 

[FoBoT]

"Crude oil prices fell 4.8% last week after a report showed US stockpiles rose for a fourth time in five weeks."

http://www.financialexpress.com/fe_full_story.php?content_id=163369

 

[KLin]

About $3.45/Gal for 87 around here.

 

[Toastedlightly]

Good for me!