User Panel
User Panel
User Panel
|
Posted: 10/15/2004 7:19:46 PM EDT
[#1]
$2.47 for midgrade in the Bay Area. Would not surprise me if we hit $3 for 87.
|
|
|
|
Posted: 10/15/2004 7:20:06 PM EDT
[#2]
I think $2 to $3
|
|
|
|
Posted: 10/15/2004 7:20:44 PM EDT
[#3]
I was showing around a couple of visitors from England today. They said at home gas is $6 a gallon and to drive my truck (F-150) around would cost 80 cents a mile.
Yikes. ETA well I can see now that the math just doesn't work out on that. It would be like 40-50 cents per mile. They must have been thinking in metric or something. |
|
|
|
Posted: 10/15/2004 7:30:37 PM EDT
[#4]
Lets hope not. Although this time last year I was predicting $3.00 a gallon by now.
The powerful elite have us bent over a barrel (no pun intended). They know they can charge whatever they want. Supply and Demand |
|
|
|
Posted: 10/16/2004 7:22:35 AM EDT
[#5]
It will not surprise me too much if gas is $1.30-1.40 a year from now. I paid $1.71 a few weeks back but it has gone up 20 cents since then.
Gas demand and supply are both very inelastic so small shifts in demand and supply curves can cause short-run major price increases. IN the long run the curves are more elastic. GunLvr |
|
|
|
Posted: 10/16/2004 7:27:06 AM EDT
[#6]
this is bullshit lets start drilling alaska and make prices drop.
|
|
|
|
Posted: 10/16/2004 7:29:56 AM EDT
[#7]
I buy into the Peak Oil theory.
I personally believe its going to get worse. Much, much worse. |
|
|
|
Posted: 10/16/2004 7:30:20 AM EDT
[#8]
I don't think we will start seeing it that high.
The price is driven in part by speculaters. When it hits the point that people start to reduce consumption because of the cost, demand will drop, supply will rise, and the price will correct itself. The only question is what is that magic price where we alter our behavior and consumption. |
|
|
|
Posted: 10/16/2004 7:31:43 AM EDT
[#9]
futures passed $55/bbl.
i see the pump price continuing to increase. |
|
|
|
Posted: 10/16/2004 7:36:13 AM EDT
[#10]
Why is diesel selling for more than gasoline ? |
|
|
|
Posted: 10/16/2004 7:42:00 AM EDT
[#11]
Why is diesel selling for more than gasoline ?
winter heating oil draw offs? |
|
|
|
Posted: 10/16/2004 7:43:13 AM EDT
[#12]
Depends on which state you live in. It is purely a tax issue. In WA, they tax diesel really heavily compared to gasoline, so it is more expensive than gasoline. In most other states, they tax it about as much as they do gasoline, so diesel turns out to be cheaper. Why does WA impose a special tax burden on those who burn diesel? I dunno. Because they can, I guess. |
|
|
|
|
Posted: 10/16/2004 7:44:52 AM EDT
[#13]
Yup, refineries are switching to heating oil for the winter reducing the facilities available for refining diesel. |
|
|
|
|
Posted: 10/16/2004 7:47:26 AM EDT
[#14]
Gas is about 1.80 here, was down to less than $1.60 for a while but has went back up.
|
|
|
|
Posted: 10/16/2004 7:49:26 AM EDT
[#15]
I read a headline yesterday, saying "Alan Greenspan not concerned about energy prices".
I suppose if I were Alan Greenspan, I wouldn't be too concerned about it either. However, for most of us peons, the energy costs are quite a concern. |
|
|
|
Posted: 10/16/2004 7:49:53 AM EDT
[#16]
Incidentally, the reason that oil is so "expensive" is because the US Dollar has been devalued on the international currency markets in the last year and a bit. Today's price is really about $42/barrel oil in 2002 US Dollars, when oil was $35/barrel. The Europeans are paying not much more than they used to for oil; we're taking it up the ass because, e.g., the Canadian Dollar is $1.25 to the USD today, as opposed to $1.59 to the USD in May 2002. The Euro, the Pound, the Aussie Dollar, and most other currencies have similarly risen.
The USD will probably only get weaker. I realize that rates are going up right now, and this is supposedly going to make the U.S. more attractive to invest in, but the rest of the world is looking at the U.S. as the focus of international terrorism, and doesn't want to take the risk. So I see rates rising while the dollar stays flat. Investment-wise, Japan would be the best bet IMHO, as they are artificially weakening the Yen in order to be able to sell more to the U.S. Eventually they're going to get tired of that and let it find its own level, at which point the U.S. will be paying far more for Japanese imports as well. |
|
|
|
Posted: 10/16/2004 7:51:25 AM EDT
[#17]
IT'S ALL BUSH'S FAULT!!!
and according to Kerry, Bush is to blame for rising tutition, healthcare, and perscription drug cost too 
|
|
|
|
Posted: 10/16/2004 7:53:40 AM EDT
[#18]
Today's price is really about $42/barrel oil in 2002 US Dollars, when oil was $35/barrel.
cool. i'll just ask my boss to pay me in 2002 dollars. |
|
|
|
Posted: 10/16/2004 7:56:23 AM EDT
[#19]
When gasoline is $4, $5, $10 a gallon, I'll be the first guy in line at the pump. They can't price gasoline so high that I won't buy it.
|
|
|
|
Posted: 10/16/2004 8:16:13 AM EDT
[#20]
Wow, that's an intelligent post. Actual facts used in discussing oil. |
|
|
|
|
Posted: 10/16/2004 8:18:50 AM EDT
[#21]
True...but their whole country is about the same size as your state. SGatr15 |
|
|
|
|
Posted: 10/16/2004 8:19:52 AM EDT
[#22]
The socialist are doing everything they can to raise the price up over the next three weeks and blame Bush for it. One of my wifes girlfriends claims she's voting for Skerry because the price of gas is so high. Here we're paying $2.40 and I remind her that it's been close to that several times in the past, including eight years ago during Clinton and we weren't fighting a war back then.
The BS we get on the news is that the huricanes down in Florida are the cause, gee thanks, that makes a lot of sense. |
|
|
|
Posted: 10/16/2004 8:20:59 AM EDT
[#23]
Man, those prices are a lot higher than here in my area.
In South Carolina, the average is $1.87. |
|
|
|
Posted: 10/16/2004 8:34:14 AM EDT
[#24]
$1.85 for 87 octane here, I filled up yesterday....
|
|
|
|
Posted: 10/16/2004 8:44:52 AM EDT
[#25]
Someone posted an article that gasoline would hit $3/gallon a few months back, man they were spot on!
I just paid $2.32/gal self-serve for 87 octane at the local BP/ARCO station just this morning. The full-serivice are running about $3/gallon. |
|
|
|
Posted: 10/16/2004 8:55:06 AM EDT
[#26]
You do know that the MOST optimistic estimates about drilling in Alaska predict that it would reduce our dependence on foreign oil by 3% or so, right? Plus, any effect on supply wouldn't be felt for about 5 years. So Alaska really isn't any kind of immediate solution (and not really a long-term one either). |
|
|
|
|
Posted: 10/16/2004 9:11:06 AM EDT
[#27]
so what?
drill now. and start pumping the ohio/pa./w. va. wells that are setting idle. |
|
|
|
Posted: 10/16/2004 9:25:18 AM EDT
[#28]
Regular at $1.95 in Alabama.
Diesel at $2.12 " " I read that the "average American" will not really feel a pinch until it hits $3 a gallon! BULLSHIT!! I think when regular hits $2.30+ per gallon around here everything will start grinding to a halt. They are already starting to talk about a fuel surcharge if your kid rides the school bus. |
|
|
|
Posted: 10/16/2004 9:47:09 AM EDT
[#29]
I paid $1.89 just the other day
|
|
|
|
Posted: 10/16/2004 9:51:37 AM EDT
[#30]
http://www.gasbuddy.com/
|
|
|
|
Posted: 10/16/2004 10:04:27 AM EDT
[#31]
Fuck that!
A gallon as hits 5 bucks, the shit better glow in the fuckin dark.. 
|
|
|
|
Posted: 10/16/2004 10:09:47 AM EDT
[#32]
I have heard 1 million bbls a day which would translate into more than 3 percent per day. I used to work in oil and gas for the Feds and at least one of petroleum geologists there though there was a lot more oil up there than official estimates let on. One good piece of evidence on this is the amount of oil Canada produced just across the border in the same geological formations. Again with inelastic supply and demand even an additional 1 million bbls a day has a big effect. That additional 1 million bbls would be fairly secure too, unlike oil imports from Venezuela or Nigeria. Instability right now (along with speculation) are driving oil prices up. They have wanted to drill in ANWR for at least 15 years. But we have also had cheap oil during the past 15 years. GunLvr |
||
|
|
|
Posted: 10/16/2004 10:12:02 AM EDT
[#33]
 Let me get the crystal ball out. . . . . . Yep. But the magic 8-ball says check with the Ouija board.Cheers |
|
|
|
Posted: 10/16/2004 10:22:41 AM EDT
[#34]
The hurricanes cost us something like 16 million bbls. Plus gas refining was screwed up at the same time by those storms especially Ivan. GunLvr |
|
|
|
|
Posted: 10/16/2004 10:29:05 AM EDT
[#35]
$2.49 a Gallon for 87 octain.
the price goes up becuase of "market forces" yet when theose forces correct themselves, the price never drops as much as it rose. for ever 10 cent increase you may see a 6 cent decrease. Thats how we will eventually creep over the $3.00 mark. |
|
|
|
Posted: 10/16/2004 10:30:53 AM EDT
[#36]
That site kicks ass!! Cheers |
|
|
|
|
Posted: 10/16/2004 10:34:40 AM EDT
[#37]
Don't get me wrong - I'm not especially OPPOSED to drilling in Alaska, I just think a lot of people are mistakenly considering it some magic bullet or solution, when it relaity it hardly affects the larger issue of our dependence on foreign oil. |
|
|
|
|
Posted: 10/16/2004 10:35:07 AM EDT
[#38]
It is the speculation on oil futures that is pushing the price of crude up. There are 4 large investment firms in NYC that are the main drivers in this according to what I read on CNN a couple of months ago. I would be willing to wager that they are also sKerry supporters. Inflation due to rising energy costs is a quick way to crimp the economic growth from Bush's tax cuts.
wganz ¶ |
|
|
|
Posted: 10/16/2004 10:38:33 AM EDT
[#39]
Just a guess, WA has an international port of entry. Imported goods are trucked east. Your state is tapping into the pockets of the transportation industry who pass those cost on down the line. One local station here has diesel priced at $2.31. Most are at $2.09-$2.16 with Walmart in a neighboring town at $1.99. |
|
|
|
|
Posted: 10/16/2004 11:17:54 AM EDT
[#40]
$2.23 a gal. unleaded...........glad to see all them Fat Suv's etc. feeding the tank as I drive by............
|
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
