$8 a gallon gasoline? Don't scoff, it may be coming sooner than you think.
By Nicole Belle Tuesday May 06, 2008 5:50pm
If you think that gas prices are high at over $3.50 per gallon (I just paid $3.95 for mid-grade for my wife's Acura TSX), wait until summer. There are reports that the refineries are absorbing the cost of high oil prices right now (and some of them have hedging contracts in place to mitigate this high price), but within a few months they'll be passing this burden on to the consumers. Oil prices at the pump could very well hit $5 and if this trend continues, it could hit $8/gallon.
Due of course to the outrageous oil costs, which are more than double what it was going for this time last year.
Oil recently hit an all-time high of nearly $120 a barrel, more than double its early 2007 price of about $50 a barrel. It closed Friday at $118.52.
The forecasts calling for a jump to between $7 and $10 a gallon are based on the view that the price of crude is on its way to $200 in two to three years.
Translating this price into dollars and cents at the gas pump, one of our forecasters, the chairman of Houston-based Dune Energy, Alan Gaines, sees gas rising to $7-$8 a gallon. The other, a commodities tracker at Weiss Research in Jupiter, Fla., Sean Brodrick, projects a range of $8 to $10 a gallon.
Of course, that's what they're paying now in Europe. Fortunately for many Europeans, the choice of easy public transportation is available as well, unlike much of our country.
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So this is what they meant when they said the Iraq war would be paid for by the increased oil revenues.
The Golden Screw is always imminent.
Anyone wanna buy a used Hummer?
/snark
Those high prices in Europe also pay for health care, etc.
Could be the straw that sends the US to 3rd World nation status or could push innovation to get us off the petro teat. Certainly will be an interesting next few years.
It's called conditioning people to servitude.
Y'know, this is going to send your typical Dubya-loving, NASCAR nation type through the roof. We need to hand the moron and his whole party around McCain's neck from here on in.
Barbara Key @ 4:
Not to mention that the income is far more evenly distributed among people, and that about half the gasoline price is taxes, that go to all sorts of public benefits, including roads and pblic healthcare, yup.
its NOK 12,50-12,80 here now though, so about 9 USD a gallon, though we have maybe double your income, so the conversion is not entirely simple.
We are currently paying over 5$ a gallon for gas. Good thing they sell it by the liter here. I guess my lack of a working car is actually a blessing these days. Not like I'd be able to afford to drive it if it was working any way.
So long as people are willing to pay $8, they will be happy to sell at that price. $8 gas could be the best thing to happen to the enviroment in ages
MargeAggedon @ 9:
Soon enough they'll be selling it by the quart here in the US.
2.00 a quart doesn't sound so bad, does it?
That's it, I am riding my bicycle.
Well it's time to break out the bicycles. Thankfully my business is only a twenty minute ride from home and I could use the exercise.
I live in NoCal, where half the vehicles on the road are pick-up trucks.
I blame them for this mess. They drive up demand, then they complain.
Stupid fucking idiots.
If you own airline stocks sell quick.
The airlines are going to get hammered.
If you own a cottage sell quick.
That market will tank.
Public transportation in the U.S. is a nightmare - where it exits at all.
People should google a story I read about a French inventor who is test marketing a car he created
that runs on compressed air. It has good mileage. It is easy to fill up. It works.
Nobody in or out of the environmental movement cares anything about it.
http://www.gizmag.com/compressed-air-car-set-for-us-launch-in-2010/8896/
We need an energy revolution in this country. Enough of this control by the oil industries. They've screwed us out of public transportation developments, fuel efficiency standards, and tax money that could have gone to researching alternatives. I hope we take this seriously. Oil needs to be used as little as possible.
No. 44 @ 14:
If they are anything like those here in CO there is usually one driver, the truck is "lifted", they've punched holes in the exhaust system, drive too fast and have a decal of Calvin pissing on something. Morons.
This sucks and I know it's driving up the price on everything, but I still enjoy a little schadenfreude at the expense of the Southern states, the vast majority of whom never saw fit to create adaquate public transit systems in and around their major metro areas. I remember living in NC and VA and hearing on several occasions how much the 'local folk' looked down on public transporation! Well, Cletus and Nadine, when gas goes to $8.00, ya'll gonna be wishing you could take the bus to that NASCAR race, because now y'all can't afford to juice up the old pick-up truck! Yeeee-haaaaw! Maybe you can just blame it all on the gays, like y'all do everything else that's wrong in America!
Diesel fuel produced here in the U.S. is being shipped to Mexico, where it costs $2.00 per gallon, and yet it costs $4.00 per gallon and up, plus, here in the good ol' U.S.A.
Last January U.S. refineries shipped over 41 million gallons of diesel to Mexico. So the diesel fuel was refined in the United States, and shipped all the way to Mexico, and yet it sells for half ($2.00/per gal.) of what it does here.
It really bothers me that we can have an article about the high price of gas in Europe and "scandalous" taxes they have on gas without mentioning that in some of these countries the gas tax pays for their FREE UNIVERSAL HEALTH CARE, HELLOOOOOOO!
There is no equivalence here. $8 gas in the US would come with no healthcare.
If you think this will only affect the cost of driving you're being pretty short sighted. We do a lot of our farming with a minimum of petroleum inputs but our neighbors are still hooked into petroleum based agriculture. Consider the cost of tractor hours, fertilizers, herbicides, pesticides, and the number of miles that have to be traveled in rural America as you imagine the increase in your food bill.
If this comes to pass, things could get very, very dicey for the overwhelming majority of citizens in this country.
Harry Reid and Bernie Sanders both identified one of the major culprits. In separate radio interviews, both of them pointed out that speculators can buy oil on 7% margin, compared to 50% on stocks. We are experiencing an oil bubble, as strange as that may seem.
Oh! If we'd only listened years ago to environmentalists who advocated raising the gas taxes to dissuade excess consumption and finance public mass transit.
But of course we're 'merkins who hate taxes and would prefer to drive our own cars ..
Even if that road goes off an economic cliff ..
Clinton. (Oil Per Barrel) 1998 11.61
I think it's time to start campaigning for an "obscene profits" tax. Say, raise the corporate tax rate to 50% for ever dollar over a certain amount in profits. How about a billion?
And can we please stop subsidizing these assholes and giving them tax breaks?
Old Billy Hussein @ 23:
We're all Grandma Millies now.
goat hussein sage @ 18:
I'm in San Francisco. We're well above $4 per gallon already, for the low-grade gas.
Our streets are narrow, but people keep buying SUVs. They take up the whole damned street sometimes, are often filled with just one person, and make it hard to see around corners when they park. And their drivers jam themselves into compact parking spaces, taking up two or three of them.
On the upside, I see all sorts of people buying little Smart Cars, hybrids and other smaller models on the roads these days too.
you can be sure that when and if gas hits $8/gal
our politicians will still be debating what to do,
they will still not have pushed for alternative energy
and they will still bitch that the change is not possible.
Cap'n Phealy @ 26:
This stuff is unregulated. Thats the biggest reason we're seeing these run ups.
Ralthhing @ 16:
I want one!
"Grandma Millies". You've got that right. I know where that one comes from and that's EXACTLY what's going here.
How about we remind the Republicans that the ol' peanut farmer, Jimmy Carter created a huge amount of funding for research into alternative energy sources. All that research and funding were tossed out the window within 6 months of Ronnie Raygun taking over the WH. It boggles the mind to think where we might be if that work had been allowed to bear fruit. Instead we are getting to deal with this mess.
MISSION ACCOMPLISHED!
No. 44 @ 14:
seems you are in the same boat with the pickup trucks,
they are not forcing you to drive......now are they?
Old Billy Hussein @ 31:
Americans aren't going to give up cars easily thats for sure.
I suppose an attack on Iran could be pitched as. . . gas will go back to $1.63 a gal when we're victorious and get a Pro American Regime installed there.
L.A. Confidential @ 20:
Oil jumps over $123 on drop in diesel, heating oil supplies.
Follow the Diesel! What a freaking scam.
Look on the bright side: our cars will last over 20 years because we won't be driving them anymore.
Let it go to $20 a gallon. I will happily drive an electric car and laugh at everyone at the gas station.
WASHINGTON (Reuters) - Democrats in the U.S. Senate on Wednesday unveiled a new energy package that would revoke $17 billion in tax breaks extended to big oil companies like Exxon Mobil Corp and slap a 25 percent windfall profits tax on firms that don't invest in new energy sources.
The Consumer-First Energy Act -- assembled by Senate Majority Leader Harry Reid and other key Democrats -- would also stop the Energy Department from filling the Strategic Petroleum Reserve until crude oil prices average $75 a barrel or less for 90 days.
The bill would have to pass the Senate and be approved by the U.S. House of Representatives and White House before becoming law.
Oh yeah bet Bush is going sign that in a jiffy!
Karen @ 28:
Americans need to sell their SUVs and mega-pickups. Unless people are hauling steel, logs, picking up containers at the port, or hauling heavy machinery, these vehicles are WAY oversized and ridiculously inefficient. And if gas does go to 8$ a gallon, these land barges aren't going to be selling very quickly.
We've been paying around $5 a US gallon here in Ontario for awhile now - they sell it by the litre (roughly 35 oz) and it's around $1.22 - $1.29 a litre.
And the funny thing is, Canada is the number three oil-producing country according to a recent documentary I watched.
Time for hydrogen I guess.
No. 44 @ 14:
Good point which none of the candidates and current pretender to the throne take on. Economics 101 says you need to play with supply as well as demand, the former being the only thing talked and acted on these days. There needs to be serious infrastructure and lifestyle adjustments made away from individual gasoline powered transportation. Sorry General Motors.
OPEC to earn more than $1 trillion
May 07
Because of ever increasing fuel costs, the AMTRAK Downeaster between Bostoin and Maine requires a subsidy. The federal subsidy is being axed by the moron in Chief and his band of thieves so it's up to Maine to do it. This evening a Maine legislator, squinty little pig eyes glinting with greed said the familiar, ""We can't afford everything." and I knew they'd found another half witted Republican to interview.
Of course, they're going to spend 140 mil on the states share of road maintenance, BUT 8-10 mil to keep a whole bunch of cars off the road is too much. I wonder if these people are capable of thought beyond the fatness of their wallets.
yellow dog @ 45:
Nope. They think everyone is rich like them here in the Homeland and can't figure out why everyone is complaining.
Watching a Hummer driver spend $130 on a tank of gas last Wednesday was the highlight of my week.
I was reading an article about this about a week ago
and it said gas could possibly rise to $10 a gallon within
the next 3 years.
What is it about these rich fucks that think they're
going to be able to take their oil profits with them
when they die? When is it enough for these cretins?
Just how much fucking money does a person need?
When is billions and billions going to be enough for
these grubbing pigs?
Healthcare specifically paid out of gas taxes is a myth. I would know, I'm Euro-trash. Mostly, healthcare isn't free, but of course a hell of a lot cheaper. Paid from (high) income taxes, by employers/employee programs and such. Biggest chunk of gas taxes goes to infrastructure, public transportation, etc.
Let it be settled now.
*biking my way to retirement*
[Deleted. Off topic-Sitemonitor]
Chuck U @ 47:
Wouldn't be surprised if the hummer driver was thinking. "Look at me. I just spent $130 bucks for gas and I could care less! Get a job losers!"
We "elected" an oil man and prices have more than tripled while he's been camped out in the White House. C'mon, are you really surprised??
I am all for $8 a gallon gas. That means diesel will be even more and maybe that asshole neighbor with the diesel truck that wakes me up EVERY morning at 5am when he starts it, will have to get rid of that piece of shit.
Ruthless People @ 50:
I doubt it.
Ruthless People @ 50:
The day after flag(lapel pin)day. Also my birthday
Oil will be the ruin of this era of history. We need to get off it, or have our whole civilization implode. Will anyone in Washington say that? Hell, no!
leftminded @ 55:
Hillary will "dop out" when she choses. Not when Huff Po or Obama's crowd decides she should.
General_Rennenkampf @ 56:
Lets just hope some freaking cosmic geniuses come forth with some incredible new ideas. I mean we split the freaking atom if we can't become energy efficient the whole planet should just implode and get it over with.
For those of you "I'm more ecological than you" types that abhor us that drive Pickups,
bite me!! I get 22 miles to the gallon, my truck is well maintained and I use it for hauling
things you need help with because your made in japan/korea/european car is too small. Don't blame me or us when you bitch about gas prices, blame the fucking repukelicans and the democraps and the fucking speculators. I also use my truck to move produce to town so you people that bitch and whine can eat decently. I can live without you, you can't live without us, [Deleted. Lay off the abuse-Sitemonitor]
I was paying 94.9¢ per gallon GW took office. None of this should be a surprise since we have an Oil President, Oil VP, and Oil Administration. Rice even has an oil tanker named after her. Oil people make money when prices are high, so why oh why did anyone think that gasoline prices would drop during an oil presidency???
Does anyone remember the secret energy meetings held in the White House that they never disclosed to the public? I wonder what they were talking about other than finding ways to increase the cost of fuel???
Old Billy Hussein @ 23:
Not strange at all.
Commodities have replaced real estate.
This is what I keep telling people.
Oil will crash as soon as another "easy money" market play emerges (or they up the margin requirements).
Fortunately the price of scrap metal is high, too, so the gas guzzlers will have some residual value.
After Dick and Dubya bomb Iran, it'll go even higher. Since the price of crude has risen much less in Euros than in dollars, we can thank the administration's goal of reducing the exchange rate as a way to address the trade imbalance. Of course, this is a way for the oil companies to make lots more money without building refineries that wouldn't be paid for before the oil reserves were gone (environmental laws were just an excuse.)
Kerry @ 53:
Nobody will want it.
On the downside, $8 a gallon gas could mean $6 a loaf for bread, etc.
It's all the fault of Bill Clinton and the hedonist liberals!
fred farkle @ 59:
We don't need you. Where did you ever get that idea?
Liberal AND Proud @ 64:
There you go.
IT'S CLINTONS FAULT! (oil was $11 a barrel)
L.A. Confidential @ 36:
Two generations ago Americans frequently used mass transportation. Three generations ago we had a viable though politically weak mass transit system. It suffered from its own bubble economy, leaving it weak to attack by individual transport makers, i.e. the Big 3. Two generations ago America didn't live suburban developments unconnected by mass transit. Two generations ago America didn't sit in adoration of financial markets to give us answers to all our national problems.
We're in for a whole lotta of doo-doo.
fred farkle @ 59:
So, who is your "Calvin" pissing on?
fred farkle @ 59:
Most Japanese cars driven in the US are built in the US and a large percentage of cars from the Big 3 are built in Mexico and Canada. You might want to remember that before you jump over those who are driving American made Japanese cars while you are likely driving a truck made in Mexico...
The big 3 auto makers have faught the CAFE standards tooth and nail while Japanese manufactures have gradually increased their mileage. So the fact that you are driving a thristy pickup truck should make you question why you bought from the Big 3 in the first place...
New Blog post is up over at my blog. (you might actually like it!) As far as this 8 $ something a gallon of gas, folks here in europe its 7 bucks a LITER for diesle!!! We fully expect it to rise to the point where its impossible to drive anymore to work. Hence why alot of IT companies are letting thier workers,,work from home.
END the states tax on gas/oil. Sure they oil companies make $$$ but alot of the states use that gas take to rake in billions and where is that money going to? cuts here,, cuts there,, etc. Some so called ´´PUBLIC servants´´are making mad money at the cost of the working class hero.
Thank you for my time here and once again, danke Crooks and Liars for a excellent blog.
Take care folks and ttyl.
Best regards,,
fuddled @ 67:
People also weren't all jacked up on Red Bull and go go go gimme it all and give it to me now also.
MountainMan23 @ 24:
The tax on unleaded gasoline in Germany is 5.2 Euros (includes VAT) or $8 dollars for a US gallon. The Saudi's used to complain that the EU countries made more off gas than they did-now we know why, it encouraged conservation of fuel.
Chuck U @ 47:
Well, some people actually can absorb that expense without any trouble. Helicopters and Gulf Streams should also be on the hit list.
For those that get hard-ons hoping the high price of fuel will "make people buy smart cars" and "electric crap", try and use your heads here. Try truckers. Or construction. Or any other industry that relies on fuel to MAKE A LIVING. Oh ya, that'll teach all those companies to use trucks, when they NEED THEM! My personal work truck has a 118 liter tank, and it's diesel. If the price goes up, so does my companies price for work. When the price gets too high, people stop building. People stop building, jobs are lost. It's a catch 22 people.
I am kinda tired of listening to Americans bitch and moan about the price though, even though you pay jack shit compared to the rest of the globe. You pay less than my nation, and we are the ones supplying your needs! It's like America is a giant welfare case sucking everything from the globe. Sigh.
Chuck U @ 47:
I bet that arrogant asshole thought it was cool to spend that much. Probably bragged to friends.
Nightrider @ 68:
My 'Ford' pickup was built in the USA out of Japanese parts and gets about 32 MPG. And, yes, I haul shit with it but don't throw it in people's faces.
In Europe they CAN pay that much because THEY EARN THAT MUCH.
Try it here oil men! Try it and CRASH THE ECONOMY, AND THE SUBSEQUENT WAVE OF CRASHES AROUND THE WORLD
WILL CRASH YOUR COMPANY AND END YOUR DREAMS TOO.
They would kill the goose that laid the golden egg.
We really shouldn't worry about this. Everything they do is negotiated. I would hope speculation on futures would end before the nation ends.
L.A. Confidential @ 65:
Ya, but LA come on. Electronics (for those who's living depended on them) was sky friggin high, and phoney companies made a shitload scamming investors on pretend companies that barely existed.
L.A. Confidential @ 36:
The compressed air car means that people DON'T have to give up cars.
It runs on compressed air - not gasoline. That's the idea.
You'd think that this would be big news - at least among environmentalists - but nobody is saying a word.
fred farkle @ 58:
Little road rage there boss? Most of the SUV and mega-pickup drivers don't need these shitwagons. And 22MPG sucks. Back in the day, my father's '64 Fairlane with the 289 V8 did better than that.
Friar Tuck @ 69:
States need to double and triple their taxes on gasoline, while at the same time providing alternative transportation methods. Help from our national government will be impossible, as its philosophy is do nothing as the capital markets will provide all our answers.
This seems a bit like Dune, come to think of it. Only, Bush makes Shaddam IV look brilliant, Putin's too thin to be Vladimir Harkonnen, and the only places where a Muad'dib would emerge would see that movement squashed by guns.
goat hussein sage @ 62:
Good then that asshole will starve, too.
(I don't really want anyone to starve)
Europeans have been paying this kind of money for gas for years.
Orangutan. @ 17:
Sorry, but oil is -- bar none -- the most efficient energy source known to man.
This is the reason it's caused so much strife over the last century and change.
Without oil, forget about any of the other technical advances of the twentieth century -- no electronics, no personal mobility, much less in terms of crop yield.
I agree we should conserve, but don't kid yourself that oil is not the greatest thing since sliced bread (which would be much harder to get without oil).
The Problem is MATERIALISM
You could own everything in the entire world and would soon tire of it.
I've said it a hundred times... carbon nanomaterials. We need investment, education programs, and innovation in this field. Then we just need to solve the toxic, inefficient battery issue and we're golden until fusion. If we all had houses shingled with thin, efficiant, and cheap solar collectors, we could run everything and even charge our cars when the sun is shining. If it's not, the house switches back onto the grid. I know this sounds a little far fetched, but the science with these materials is there, the hurdle is coming up with a cheap manufacturing process.
Mike Gravel, who was kicked out of the Democratic debates by the DNC and General Electric, said this about gas prices on July 24, 2007:
"You only see $3. Just watch those wheels turn. There's another $4 -- which is what we spend to keep American troops around the world to keep the price. So you're paying more than $7 a gallon, you just don't know it."
Mike Gravel is the fellow that many Democrats suggested is deranged, unhinged, and unsuitable to be President of the US.
Well, what do you all think now? Happy?
BobbyFlay @ 85:
All true, but peak oil, if not already here is close. If we don't start changing our ways soon, we're in for a world of trouble.
Jake @ 87:
Thats why U.S. Corporations are relocating manufacturing to China.
Capitalism has no loyalty to anyone these days.
We have allowed Bush to occupy the White House, for two terms. Then we sit around and complain about the price of gas?
We're getting exactly what we deserve, and there's a lot more of it on the way.
L.A. Confidential @ 57:
Exactly - she hasn't been watching the Repugs since Watergate without learning how to fight a campaign. You may not like the way they fight their campaigns, (and I don't), but they got the prize in 2000 & 2004 - and she understands what it takes to do that more than anyone, besides Bill that is. She will not lay down until long past when everyone else has given up - not a bad thing in and of itself. And quite frankly, if she didn't have a stainless steel spine, she wouldn't have survived through all the shit that's been heaped on her for the last 20 years.
There are stories about Bush at Yale, about what a bad sport he was. How he hated to lose to the point where he would simply not lose. He would cheat, change the rules, insist that the game continue until he was the last man standing. Tell me that part of the reason he won in 2000 wasn't because he just never stopped, until Gore gave up "for the good of the country".
Whether you like Hillary or not, she won't give up. I think she has watched the last two presidential elections and has geared herself up to go over the opposition like a Zambonie on rough ice, all the way to next January. And I bet she truly believes that Obama, and his people, might not be truly prepared to do whatever it takes to do that - and she is.
I like Obama, I prefer Obama, but I am not underestimating what Hillary believes this fight will take to win, or her willingness to do it. When she sucks up to Bill O, or Rush, or Rupert, she isn't forgetting any of what they have done in the past to her, she is doing what she believes it takes to stay in and win.
She may be right. I'll fight for Obama, but if she gets it, I won't have to hold my nose to vote for her.
La Mujer tiene cahones bien grande y muy fuerte
BobbyFlay @ 85:
And in WWII the Nazis invented such a good ersatz version that all their enemies used it when their own supplies were low. You telling me that a 1940s dictatorship can do something 21st Century America can't?
L.A. Confidential @ 86:
Yes, our love affair with our cars. Notice how it is the one possession of ours we casually attach the word 'love' to?
"Do you LOVE your car?"
"Oh, I just love my Expedition, it's so much bigger than my neighbor Buffy's..."
Wow. Do you think then that W can dust off that "mission accomplished" and display it for real?
And I also have a 5.4 liter, not a 289 slant 6 and my truck was built in Canada, not mexico.
Like I said, bite me!
There's the author's problem right there. He's driving an Accura when what he needs is really a HEMI V8. I mean, duh!
jwf @ 89:
All true, but peak oil, if not already here is close. If we don't start changing our ways soon, we're in for a world of trouble.
http://www.leg2capital.com/image/EnergyCurveHistory3_op_800x203.jpg
fred farkle @ 96:
You're already getting bit, fella.
fred farkle @ 59:
Relax, no one expects you to work the farm in a Corolla. On the other hand, have you looked at the number of SUV's on the road that are not used as SUV's, but rather some odd status symbol for their owners?
jwf @ 89:
I am a Peak Oil believer, but also a realist about how spiffy oil and oil by-products really are.
So, yeah, I'm gonna miss all that stuff, for sure. ;-0
(Keepin' my motorcycle, bitches.)
fred farkle @ 96:
The Ford 289 was a V8. And no, we won't bite you.
All good news for November elections.
BobbyFlay @ 101:
Wonderful, for some reason my comment didn't go though.
The jist of it was:
Stop linking to fear-mongering articles, C&L. This article is a total load.
There is NO SUPPLY SHORTAGE
The Price of oil is due to rampant speculation and artificial inflation
Do some real research like watching CSPAN during debates on this topic instead of watching the 24-hour news networks for sound bites.
Post some articles on here that make sense, like Ed Wallace's from Business Week:
businessweek.com/lifestyle/content/apr2008/bw2008041_945564.htm
Blue Lensman @ 103:
Might be good for this election, but won't help Dems keep Congress and the Senate when voters find out there is absolutely nothing the US gov't can do about the prices without invading and conquering every oil producing nation. And that costs even more money.
i'm seeing more and more motorcycles and bikes on the roads here in a more rural area of minnesota, people are even beginning to walk. Pick ups still dominate the parking lots but many are starting to take a hard look at transportation, a new solution for transportation needs to be found because like in the areas that i live in, public transportation really isn't a possibility at all
Big Oil tried to screw the Venezuelan people so Chavez nationalized them. The result is 12 cents a gallon at the pump. The key is breaking up the monopoly. Either nationalize the refineries, the importation, the distribution, or the resources. Also, return to allowing OPEC to set the price and eliminate the psychotic idiots on the trading floor who raise the price every time an Emir farts. Greed has run rampant ever since the trading began on the futures floor.
It was OBVIOUS over 30 years ago this time in history was fast approaching.
But only the capitalists and a few environmentalists planned for it.
Capitalists planned to maximize profit.
Environmentalists planned to survive.
Welcome to the Time of the Great DieOff.
Dana @ 48:
My thoughts exactly. I guess for them it's all about me, me and oh yeah, me!
ConcernedCanuck @ 106:
CC,
How are the prices up north, and what province are we talking about?
BS
My 150cc motor scooter is street legal and gets 100 miles to the gallon.
And it's fun.
Billy Shears @ 111:
I'm in Ontario and it's 1.23/liter.......or.......about 5.60 a gallon
We will end up like China on motorcycles.
Go dems.
Geez.
roooth hussein @ 112:
'Til your broadsided by a soccer mom in a Chevy TaHo blabbing on her cell phone.
No. 44 @ 14:
I bet Texas has more. As my visiting friend from Ottawa said , "I've never seen so many under-utilized utility vehicles in my life." . If you live in an apartment complex and work in an office, there is no need for a Ford F-350 with an extended cab.
StirFry @ 116:
Don't know, Bubba may end living in that truck and will appreciate the extra room...
ALThomas @ 105:
Riiiiiight. No supply issues at all. No increased demand from countries like China and India. I suppose the war had zero impact on oil prices as well?
roooth hussein @ 112:
What kind and can it haul a fat ass like mine, 265 pounds?
I had my mini van crap the bed and replacing it even with a vehicle that even gets 30 mpg is not a good option.
Thinking post peak petrel production is going to be a BITCH.
Ralthhing @ 16:
I heard about this too. It's being manufactured by TaTa Motors in India. They also recently came out with a car that gets 150 mpg. They said at first, that they would not sell to the U.S.A. Then, I heard that they might. Here is the web address. www.tatamotors.com/
L.A. Confidential @ 54:
HuffPo? HA! Consider the source.
Mike Mid City @ 119:
They key is to live uphill from everything you need...
ConcernedCanuck @ 113:
Do you recall the price before Prince George's reign of terror?
goat hussein sage @ 115:
I've been hit in cars by cars twice-both by drunks. Never had any serious problems on bikes, although I agree about the soccer mom/rugrat chauffeur and cell phone combo-very dangerous.
BobbyFlay @ 101:
You might find yourself missing spiffy stuff like "food".
jwf @ 124:
What did you do to make the drunks mad?
Mr Macho-man and his enormous dinosaur gas-guzzling pick-up better learn to change his ways...Somebody better get after Detroit to stop selling this "image". If we all drove Smart-Cars, there wouldn't BE a gas shortage.
Blue Lensman @ 118:
Hey, heres an idea Blue Lensman: How about you do some research and realize that demand and supply have been almost exactly even with each other for the past 10 years and continues to be so even into today. Also, do some research and realize that US demand is forcasted to be down 2%, and that supply in the US is at a 15 year HIGH. Again this is the difference between believing articles like this one and soundbites from the 24-hour news. Watch the congressional coverage on CSPAN There was a female democrat that outlined all this in a long presentation, but I guess nobody from C&L was watching that day.
"Gasoline inventories are higher than the historical average at this time of the year, and gasoline fundamentals are actually weakening in the U.S., so there is really no need to worry about supply being too tight."
— Purvin & Gertz Oil Analyst Victor Shum; Associated Press, Mar. 10, 2008.
"The current high oil prices are inflated by as much as 100%. The price surge is a result of excessive speculation."
— Oppenheimer Oil Analyst Fadel Gheit; Congressional Testimony as reported by CNN, Dec. 11, 2007.
"The [oil] fundamentals are no problem. They are the same as they were when oil was selling for $60 a barrel, which is in itself quite a unique phenomenon."
— Jeroen van der Veer, chief executive officer, Royal Dutch Shell; Washington Post, Apr. 11, 2008.
Not worry Obama wants to do nothing.
Go Obama.
Do nothing.
Yay leadership.
Geez, sell your cars and get a motorcycle.
You get what you vote for.
Annoying Moose @ 110:
"When is it enough for these cretins?" C'mon now - does a rapist ever say, not tonight, I've had enough? Does a wife beater ever say, take a break honey, my arm is tired? Ever seen a brutal dictator say, I've had enough, I'm moving to a cottage by the sea? Or a pedophile pass up a fresh young thing?
There is never enough to fill the hole where their souls should be. They take because they can - and they will continue until they are focibly stopped.
I watch everyone saying, wait until January when they're gone and I think, yeah, they're going to walk away from all this voluntarily.
Sure they will.
goat hussein sage @ 18:
They drive like assholes too.
goat hussein sage @ 126:
Foolishly, I went through a GREEN light at 32nd Street and Indian School Road when I lived in Phoenix, and apparently got in the way of a career drunk in a hurry. The second guy didn't want to stop for the jackknifed semi in front of me. He was also in a hurry.
jwf @ 124:
Are you kidding? At this rate, she won't be able to afford the Tahoe, the cell phone, the kids or the gas.
In addendum to 128: That should read 'World demand and supply'
I wanna know where the compressed air comes from for that air powered car. Talk to me about the efficiency of the compression process and how to power the compressor. Let's just say I'm skeptical.
12 cent gasoline in Venezuela means environmental disaster, smog like you can't imagine. Check it out, it's happening.
China is still up and coming but their summer olympics will be like those Smoggy Days in London Towne that Turn Your Lungs From Pink To Brown.
Are we not yet sick of the air pollution? I walk to the store in New Hampshire with its supposed open air and green spaces, and I get blasted with car exhaust during entire journey. It's just gross.
getalife @ 129:
Please explain what it is you would like Obama to do. Lie to you about a bullshit gas-tax repeal that will only increase demand, put a whopping $30 in your pocket, and give commodities investors a reason to push the price higher because the market will have new room to allow it? Not to mention it will never pass Congress.
Yeah, you do get what you vote for...an intelligent, reasonable leader for a change.
er... 129 that is. -_- Bad day/
jwf @ 132:
Your first mistake was driving in Phoenix.
roooth hussein @ 138:
Or being there.
roooth hussein @ 133:
Don't forget the soccer cleats...
roooth hussein @ 138:
I actually have two vehicles. I've got the scooter, for general running around town. And I have a Toyota that gets around 30 mpg if I drive right.
My plan is to reduce the usage of the car to once or twice a week necessities and use the scooter for everything else - and to just drive less, period. Where I was filling up once a week, I want to only fill up once a month, or less.
jwf @ 141:
roooth hussein @ 142:
You may want to consider painting over that red target on your Toyota.
If gasoline is $8 / gal, then milk will be $10 / Gal.
I wonder what defense of this piracy the weasly corporate media will use this time. First they said heating costs were behind the rising prices, now...?
yakfitguy @ 136:
The words in bold have never applied to any leader in American history....
I was in Myrtle Beach, South Carolina for 2 weeks in early March. Normally, SC has some of the cheapest gas prices in the country. But at that time, gas was around $3.17/ga. You wouldn't believe the number of people I saw walking with their groceries, dry cleaning, etc, as well as riding their bikes. And that was when it was at $3.17! When it cracks $4.00/ga.... Look out.
i'm saving up for a n electric car
capnmike @ 127:
Amen. I wonder if there's a connection between these enormous, phallic substitute, gas guzzlers and all the penis enlargement e-mails that show up in everyone's bulk inbox.
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