Gas prices analyst expect $4+ mark for regular

[Int3grity]

I was watching Headline news according to financial analyst this summer is going to be the highest for crued oil prices. Eastimates are said to pass the $4 mark for unleaded regular gas.

I cannot imagine paying somewhere around $6 or higher for premium I will go brokie broke. Now before I get flamed on here be realistic. Are you worried about gas prices?

[cocoagyrl77]

Heck Yeah I am worried a little!! And I don't be able to get any kinda of relief because the hubby's F150 drinks a lot of gas. So, if I park the 7, I will still be paying alot. Oh well, I will just have to tighten the purse and stop spending so much in other areas.

Besides, I knew that it would be costly to fill it anyway. If I wanted a cheaper fill-up, I should have bought something else.

[SwampAss]

I was watching Headline news according to financial analyst this summer is going to be the highest for crued oil prices. Eastimates are said to pass the $4 mark for unleaded regular gas.

I cannot imagine paying somewhere around $6 or higher for premium I will go brokie broke. Now before I get flamed on here be realistic. Are you worried about gas prices?


There are too many variables for anyone to accurately gauge. Economists and financial analysts alike. Do I think gas will eventually hit $4 a gallon? Most certainly. I don't see it this summer though. I had actually seen a conflicting report saying that fuel prices will be on average 2 cents (whoopie!) cheaper this summer than last summer. It's like predicting the weather.

[Killer]

There are too many variables for anyone to accurately gauge. Economists and financial analysts alike. Do I think gas will eventually hit $4 a gallon? Most certainly. I don't see it this summer though. I had actually seen a conflicting report saying that fuel prices will be on average 2 cents (whoopie!) cheaper this summer than last summer. It's like predicting the weather.(werd)

So many variables...(nailbyt)

[Infymus]

Yep. Gas just went up $.13 cents here last night. It has now gone up a total of $1.03 in the last four weeks. Premium here is now $3.19 a gallon.

For me, I average a fill up at about 16.5 gallons. That makes a tank here $52.79. I'm averaging around 12.5 to 14.0 miles per gallon. I do *NOT* have a lead foot and I drive very conservatively to and from work (20 miles each day and perhaps 10 miles total on the weekend). I'm getting around 222 to 248 miles per 16.5 gallons of gas. I have to fill up about every week and a half.

So really this car is costing me now in gasoline, roughly $130 a month to drive.

My 320 horsepower 350 torque 2.5 turbo Legacy GT (modified from stock) was averaging 23 miles per gallon.

I just bought a CX9, which has a 20 gallon tank but can run on regular gasoline. My wife is getting 14.5 to 16.0 miles per gallon on that V6.

These are very expensive cars to drive right now because of gas costs. When my leases are up in two years, I will be thinking very hard about gasoline costs - considering in 2 years, costs will probably be over $4.00 a gallon.

I wish I had known about the 12.5 to 14.0 MPG on the CX7 *before* I bought it. I really would have shopped around further.

[AWmustang]

if you have the auto climate control, turning off the AC made a difference for me. And using Auto instead of manual. I was short shifting it becuase I thought i needed to keep the revs down, but using Auto seems to be more fuel efficient.

got a 1-2 mpg bump.

[Dalton]

I was watching Headline news according to financial analyst this summer is going to be the highest for crued oil prices. Eastimates are said to pass the $4 mark for unleaded regular gas.

I cannot imagine paying somewhere around $6 or higher for premium I will go brokie broke. Now before I get flamed on here be realistic. Are you worried about gas prices?

Yeah right - awerage bloke in UK pays like $6,80 for gallon :eek:

[cocoagyrl77]

Yeah right - awerage bloke in UK pays like $6,80 for gallon :eek:

I was going to meantion that too. I was sooo thankful that we got our petrol on the bases when I was in the UK (and we were still paying $2.10 a gallon). Gas in the states was $1.50. If I remember correctly petrol was running $4 to the gallon (after the conversion liter to gallon conversion).

[clicknext]

Luckily I will be taking public transit all summer, courtesy of my student transit pass!

Gas here in Vancouver is already close to $5/gal, which is over $4 USD/gal.

[s6m1l88]

ha, $4 is a joke.

they are using fear to drive prices higher, and you guys are all buying it.

[s6m1l88]

according to financial analyst


this analyst must have a big hedge fund he's managing.

[BadKarma]

Luckily I will be taking public transit all summer, courtesy of my student transit pass!

Gas here in Vancouver is already close to $5/gal, which is over $4 USD/gal.

I saw it for $1.18/L not too long ago when I was on my way home from UBC. Will be biking to work this summer... as soon as I go out and buy a bike. :)

From what I've seen, fuel prices have been continually rising uninhibited. I hear it all though, some saying it will skyrocket while others predict a major drop. As was mentioned, it's like weather prediction... Where even educated insight is limited.

[koala]

at $4/gallon it's still cheaper than what they pay in Europe... so I wouldn't complain.

[jmhumr]

I was watching Headline news according to financial analyst this summer is going to be the highest for crued oil prices. Eastimates are said to pass the $4 mark for unleaded regular gas.

I cannot imagine paying somewhere around $6 or higher for premium I will go brokie broke. Now before I get flamed on here be realistic. Are you worried about gas prices?

I'm not worried. The price delta between regular and premium has stayed relatively constant. Regardless of whether regular was $1.50 or 3.50, premium (93) has been like 20-30 cents more per gallon. Therefore if the price of regular creeps to the $4.00 mark, I'd expect premium to be $4.25-4.35.

[offset_98]

I'm not worried about it...why?...because what's the point. I need it to survive like everyone else. I'll just have to re-arrange finances.

[Killer]

I'm not worried about it...why?...because what's the point. I need it to survive like everyone else. I'll just have to re-arrange finances.

Bingo.(yes)

[igdrasil]

Bingo.(yes)

Thats the point...big capitalists are getting richer with your needs....and you people dont worry about?

When food prices start to skyrocket, you may pay attention...

[Gasological]

The addition of biofuels to the market my have a positive impact on petrol-fuels. A relax in demand, caused by some switching to biofuels, should have a corresponding decrease in prices. However, with the addition of ethanol to standard US gasoline in many markets, most are seeing a somewhat stable gas price, but decreasing MPG, due to the fact that ethanol has a lower energy density. For the moment, its up in the air, but think.

When was the last time you WEREN'T getting f*cked by this stuff?

[Killer]

Thats the point...big capitalists are getting richer with your needs....and you people dont worry about?

When food prices start to skyrocket, you may pay attention...

are you suggesting "Socialized Gas"?

[Kansei]

I don't worry about gas prices much because I don't need it. If the prices went way high, I'd just ride my bike more often.. the only time I need gas is the 6-8 months out of the year where it's not plausible to ride a bike in Rochester. If I lived down south, I wouldn't ever have to buy a daily driver car.. just my modded car and a mountain bike :)

[igdrasil]

are you suggesting "Socialized Gas"?

Nah, just keep bombing and invading other countries with the excuse of delivery of democracy and progress, start stealing their resources and you know...there you go. Get your own people to die for a good reason...

Oh Im sorry, its already happening!

[offset_98]

Nah, just keep bombing and invading other countries with the excuse of delivery of democracy and progress, start stealing their resources and you know...there you go. Get your own people to die for a good reason...

Oh Im sorry, its already happening!

FYI my friend...do some research...while we could have a hand in Iraqi oil, we don't. Let me repeat that...we do not have a single finger in their oil. When you find something telling me we taking Iraqi oil and importing to our shores that's not in someones opinion column you let me know. In the mean time, I'll let you worry about it for me. I have enough other shit to worry about before I start to worry about gas prices which are lower than 80% of the rest of the world.

[Killer]

Nah, just keep bombing and invading other countries with the excuse of delivery of democracy and progress, start stealing their resources and you know...there you go. Get your own people to die for a good reason...

Oh Im sorry, its already happening!

I hate this stupid war as much as the next guy...but we are not getting any Iraqi Oil...unless we PAY for it.

[jmhumr]

Nah, just keep bombing and invading other countries with the excuse of delivery of democracy and progress, start stealing their resources and you know...there you go. Get your own people to die for a good reason...

Oh Im sorry, its already happening!

Oh christ, what a misperception. The US isn't getting ANY breaks on oil, with or without this war, that's for certain. In fact, I'd argue that the war is probably hurting our cause in that area.

[Talbot]

I'm not worried about it...why?...because what's the point. I need it to survive like everyone else. I'll just have to re-arrange finances.

I hope you aren't saying that the only reason that oil companies are raising gas prices is so that they can "survive".

But I do agree, we have it good still here compared to a lot of other countries in the world.

[igdrasil]

THE NEW FEDERAL IRAQI OIL LAW

http://raedinthemiddle.blogspot.com/

A preamble:

Taking in consideration that the law privatises Iraq’s oil and opens the doors for U.S. companies to sign long term contracts controlling Iraq’s oil resources and infrastructure, this law is in violation of existing U.S. Public Law No: 109-234 that says: “To provide that no funds made available by title I of this Act may be made available to establish permanent United States military bases in Iraq or to exercise control by the United States over the oil infrastructure or oil resources of Iraq.” U.S. contractors, such as Bearing Point, have been working with the U.S. State Department to draft the Iraqi Oil law and the State Department has been pushing for the privatization of Iraq’s oil in plans dating as far back as 2002.

Download it:

[cruzdreamer]

Kansei....off topic...I like your Protege 5 chrome accents...looks cool. I had a Red Protege5 when they first came out...loved that car!!! Gas prices are crummy and should be $1.50, but no matter what we are driving it all just stinks.....it is worth it to me to have this car hands down!

[Newf]

try living on a island. Gas here for me has been around the $1.20-$1.30/L for months.
Friggin sucks. I finally get the car I always wanted, and gas becomes an issue.

[Kansei]

I paid $3.79 a gallon yesterday (ughdance)

regrettably I charged the money to my mom's account because I'm nearing the end of the semester and money is getting way tight.. especially with "making the car work as it should again" (read: new pads, rotors, brake lines, and fluid post-accident) expenses.

so yeah that means more riding the bike for me. Tis a pitty that Rochester has such a wet climate..

[Int3grity]

LOL it's funny to hear that some folks are not worried about prices must be nice living it rich.

[Kansei]

LOL it's funny to hear that some folks are not worried about prices must be nice living it rich.

You sir have a brand new car.. a brand new turbo suv to be specific.

If anyone is living it rich, I think it's you :p

[Int3grity]

You sir have a brand new car.. a brand new turbo suv to be specific.

If anyone is living it rich, I think it's you :p

Yup thats right Im filthy rich I wipe my culo with money all day everyday.Hell why worry about gas prices when I have my own refinery out in the back LOL.

just messin dont take offense to it

[HeavyH20]

Gas prices are not really that bad. If we compare the cost of 1,000 gallons of gas purchased at the average price in any given year as a percentage of per-capita disposable income, the true cost of gasoline is as cheap today as the 60's.

If we go far back, say 1935, with gas at 17 cents per gallon, that would be about $177 per year. Sounds great until you factor in that the average disposable income was $466. So, 36% of your spending money went to gas.

And, during the 60's and early 70's, when the horspeower wars were raging, gas was cheaper, right? Not really. Even then, a 1000 gallons of gas would take up 12% of your disposable income.

What about our near future at $4 per gallon? Well, that would take us back to a similar 13% of disposable income. At $2.50, it was 8%. No need to hope for cheap gas like the 60's, we are already there.

So, it is mostly hype. They report the highest cost per barrel in history, but, you should expect that each year it does reach a historical high. A 4% increase is basically zero. Standard effect of inflation.

http://www.fintrend.com/inflation/images/charts/Oil/Gasoline_inflation_chart.htm

[igdrasil]

Standard effect of inflation.

http://www.fintrend.com/inflation/images/charts/Oil/Gasoline_inflation_chart.htm


Thats what Im talking about, but everything is fuel related, food transport, heat, travel, water delivery, all fabrications, etc...

And if you dont match the inflation with average salaries, they will be practically pulling that % of inflation OFF us and making the margin between poor and riche even bigger.

So for the richer, it cost a bit more, for the common person, it cost a leg, for the poor people, they have no chance at all, they will suffer in all aspect of their lives.

Take for example one of the forum members said, that he would just re-arrange their costs, yeah, well, you have to cut on something, its either food, other basic needs, payments or entertainment.

[Killer]

LOL it's funny to hear that some folks are not worried about prices must be nice living it rich.

Not rich...but smart with my money. (dance)

[cboe's_mp5]

Thats what Im talking about, but everything is fuel related, food transport, heat, travel, water delivery, all fabrications, etc...

And if you dont match the inflation with average salaries, they will be practically pulling that % of inflation OFF us and making the margin between poor and riche even bigger.

So for the richer, it cost a bit more, for the common person, it cost a leg, for the poor people, they have no chance at all, they will suffer in all aspect of their lives.

Take for example one of the forum members said, that he would just re-arrange their costs, yeah, well, you have to cut on something, its either food, other basic needs, payments or entertainment.


Well you sound like you are very concerned about this. and so should every one.

[cboe's_mp5]

Gas prices have always gone up look for better ways of getting around. like for example some have said ride a bike or even take a bus. start a car/van pool.

[Dalton]

Gas prices have always gone up look for better ways of getting around. like for example some have said ride a bike or even take a bus. start a car/van pool.


They say that one bloke figured out inexpencive way to turn water to hydrogen - so you can pour water to your tank, instead of carrying enormous and heavy highpressure hydrogen tanks with you.
Check this out...

http://www.waterpoweredcar.com/

Strange that he got poisoned right after he went public with the idea?!?

Just think what would be diffrent when US... - ok we, will not depend so much on fossil fuel. (stopwar)

[koala]

LOL it's funny to hear that some folks are not worried about prices must be nice living it rich.

Cost of doing business... it's not about someone being "rich," - you just need to manage your expenses and know what you can justify spending on transportation.

Personally, I could take the bus to work, but the extra 2 hours travel time per day would be more expensive by the end of the first week of such a practice, even if gas were to "double" for a year of time.

So if you have time to take public transportation, go for it. My girlfriend for example, she can hop on the LRT and there are no stops between our station at our condo building at the two stations at the university. She not only saves money by doing this, but also time... so in certain situations it can work out great. She wouldn't even benefit from having a car in her situation.

[Int3grity]

$53 buckaroos today to fill up and still going higher

[HeavyH20]

Well, it is easier to take than filling my Expedition 30 gallon tank. That would be $90, right now. All that to drive 360 miles. :)