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$3.00 a gallon gasoline this summer

Discussion in 'Other Off Topic Forum' started by atheyg, Apr 30, 2004.

  1. atheyg

    atheyg Guest

    #1 atheyg, Apr 30, 2004
    Crude and Unleaded Gas futures are going thru the roof, fuel is going to get expensive and reach record prices this summer.

    CHevrons profits are up 30% from a year ago, what a conincidence!
     

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  2. maranelloman

    maranelloman Guest

    #2 maranelloman, Apr 30, 2004

    Supply & demand sucks in the real world, eh?

    One easy solution: DRIVE LESS, in more fuel efficient vehicles. Alter the demand curve to make prices drop. Thge one fly in the opintment of that: China is the next huge market for autos...and Chinese demand for oil will just keep prices high as supply remains constant.
     
  3. WJHMH

    WJHMH Two Time F1 World Champ
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    #3 WJHMH, Apr 30, 2004
    Let's see how bad some really needs to buy that new or used SUV with the 24" spinners & sound system now? HA! They will be all taking the bus now purchasing hybrid powered autos.

    Thank God I own an Integra.
     
  4. Bertus

    Bertus Formula 3

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    #4 Bertus, Apr 30, 2004
    That is still cheaper then here in (Belgium) Europe !
     
  5. 62 250 GTO

    62 250 GTO F1 Veteran

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    #5 62 250 GTO, Apr 30, 2004
    It's almost a dollar a litre in Nova Scotia Canda.
     

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  6. DMC

    DMC Formula 3

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    #6 DMC, Apr 30, 2004
    I think the futures market says otherwise. Although it won't be going down anytime soon, it won't be going up that much, either.

    Besides, once the Chinese economy collapses, there will be plenty of oil (and steel) on the market.
     
  7. mjgermane

    mjgermane Formula Junior

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    #7 mjgermane, Apr 30, 2004
    What was the rumor going around that prices will drop once election time comes?
     
  8. atheyg

    atheyg Guest

    #8 atheyg, Apr 30, 2004
    China has some effect but not enough to cause this rally, prices now are at 3 year highs, it takes about a month for the futures prices to make it to the stations on the street, it just a worldwide increase in demand, the US is using more fuel now than ever in history, California will probably see $3.50 or higher.
     
  9. 1975gt4don

    1975gt4don Formula Junior

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    #9 1975gt4don, Apr 30, 2004
    Maybe the posseurs that drive hummers will get rid of them. I wonder if even half of them see any type of dirt particles on their tires.


     

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  10. WILLIAM H

    WILLIAM H Three Time F1 World Champ

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    #10 WILLIAM H, Apr 30, 2004
    The important question is how much is 110 & 115 octane going to cost ? :)
     
  11. noony

    noony F1 Veteran

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    #11 noony, Apr 30, 2004
    You think that's expensive...
     
  12. Mitch Alsup

    Mitch Alsup F1 Veteran

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    #12 Mitch Alsup, Apr 30, 2004
    For the people in the top 50% income bracket, gasoline would have to get into the $5.00/gallon range to alter their choice of vehicles and moderate their desire to get out and drive.
     
  13. 96impalaSS

    96impalaSS F1 Rookie

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    #13 96impalaSS, Apr 30, 2004
    Gas is only $1.69 here suckers.
     
  14. Horsefly

    Horsefly F1 Veteran

    May 14, 2002
    6,929
    #14 Horsefly, Apr 30, 2004
    If this is all a great conspiracy orchestrated by the oil companies to fatten their wallets, what will happen when the high oil and gas prices start to affect the travel industry? Like the airlines that won't be flying, the hotels that will be empty, the vacation resorts that are vacant, etc? How long will the rich fat cats who own the travel industries stand idley by while their rich fat cat friends in the oil industry rake in all the profits? At some point, the oil industry greed will start to have a negative effect all across the board among the fortune 500 crowd, and at some point, the rest of that crowd will stand up and demand an end to the absurd gas prices. When people simply stop traveling due to the high gasoline costs, pretty soon the oil prices will have to start falling. You simply can't FORCE people to take a cross country driving vacation to Disneyland. And when people stop vacationing, the travel industry starts losing money big time.
     
  15. ferrari_kid

    ferrari_kid Formula Junior

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    #15 ferrari_kid, Apr 30, 2004
    don't give them ideas, they'll just put those spinners on their new toyota prius. not only that, they'll add a big ole wing. i can see it now...
     

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