How high do you think they'll really get by the end of the year? I'm going to be optimistic and say $4.25 at the very highest.
Printable View
How high do you think they'll really get by the end of the year? I'm going to be optimistic and say $4.25 at the very highest.
I hope not but if they do that's just more job security for me oil field all day
ive heard some say that the natural gas industry is suppose to take over in the future and they are gonna try to squeeze all the money they can out of the oil industry before gas takes over but thats just hearsay
Meh what's it matter they charge what they want when they want. Not like anyone can do anything about it. Besides you know how much the gov't makes in taxes on gas and diseasel?
if bush was in office right now the news networks would be jumping up and down screaming rape.
I heard that the former owner of shell was quoted that prices would be up to $5/gallon by the end of the year...when asked why he couldnt come up with an answer...first he said crude prices had gone up, to which the reporter said that over the last 5 or so months the price per barrel has gone down...he just kinda uhmm bioduoanwfoi doiasjdfoiu uhh....supply and demand?
Just goes to show that the oil companies will charge us what ever they want and us retards will pay it cuz we need to get to work.
its really true...although what most of the companies fail to realize is that if they drop prices back down to a dollar something a gallon they would make more money because people will drive more. When gas is cheap, people buy more. Its a fact of life.
That is 150% true. They just see how much they make per gallon and that's all that they care about. Even if they took a hit on margin per gallon there overall income would be significantly higher.Quote:
Originally Posted by Slammed96
Looks like a few people don't understand the world economy. As long as the dollar gets weaker the price of oil will continue to rise. When the economy does turn around demand will go up and gas prices will go through the roof.
Although I agree with you on some parts, explain why gas was 70 cents a gallon when Clinton was in office. The economy was actually balancing out and we were coming out of debt while he was in office.
I agree, as demand rises, the price of gas will too, but it will eventually go lower. That is if we ever get out of debt.
Well, with offshore production being artificially reduced by 13% for 2011, they're not going down. That's for sure.
Regular out here is already $4 a gallon.... we are getting screwed with no lube.
The price you pay to live in paradise. Want cheaper gas prices, move to the mainland. :)
its not much better here...were sittin at 3.15 right now
Oh btw, I get 26ish MPG. Still gonna hurt.
The value of the dollar was much stronger when Clinton was in office. Demand was not as high either. With China sucking up so much supply and India not far behind prices will jump when the world economy gets going again.
Time to pack it up and buy hybrids... No LS1 truck day 4 for me if I have to have 500 just for gas on the trip down and back
Quote:
Originally Posted by quicksilverado
Exactly. The value of the dollar was higher because we had a balanced budget and were coming out of debt. The only reason the dollar isn't worth a kick in the nuts now is because we have such debt. I wouldn't say demand wasn't as high either. How can you even assume that? What facts do you have to support it? I'm not saying you're wrong. Just friendly arguement.
I guess there goes the plastics industry too and all the other things that need petroleum.Quote:
Originally Posted by Ran06chevy
I believe that he says that there was less need because we all know that 17yrs ago there obviously less drivers on the road and less population.
Our demand may have been higher back then, but the world deamand was lower. China and India were still emerging markets in the Clinton era. They were not consuming near the amount of gas that they are now.
Shell v power is £1.35 a litre over here, which works out at around $8.71 for a us gallon.
dude! you need to move to Texas!Quote:
Originally Posted by jcb
Exactly.Quote:
Originally Posted by quicksilverado
Leading economists (who have a clue) agree that the reason gas prices are so high is because of the falling dollar. When the government pumps out $600B (yes, B as in BILLION) dollars worth of freshly printed currency which isn't worth the paper it's printed on, the strength of the dollar will continue to deteriorate, and gas prices will continue to go up. Bernake was absolutely stupid (not trying to make this political, so please do not take it that way) in doing this. And his reason? He wanted to WEAKEN the dollar so our goods will be cheaper to overseas markets. And what does it do for us? Nothing, because the Chineese continue to put out crap product for a rediculously low price and out sell us on everything. The thing is, when you print funny money, the next thing to happen is inflation. The best way to fight inflation is to raise interest rates. Yah, can you spell Carter era all over again. (For a small education, interest rates at the end of the Carter administration were well over 20% ... enjoy those single digit rates right now, cause they won't exist much longer).Quote:
Originally Posted by pl4yboy
I could rant on and on about this, as it's just plain stupidity. With the way things are headed, we won't need to even think about low gas prices for a long, long, long time.
/rant
I can already tell you interest rates are on the rise. I paid 2% higher interest on this truck than I did in 2009 when I bought my 08. It's not in the double digits yet, but it will be for sure.Quote:
Originally Posted by Paulster2
gee...this makes for an uplifting outlook for my my life once all my student loans start to come in
God bless you my brother for you must "love" getting gas.... and yes I love paradise even if it means my turbo 4.8 setup will take forever to build. :)Quote:
Originally Posted by jcb
easy fix, smoke crack and run.
^ lol!
Well...It's the end of July, 2011...What are current gas prices now, in your area?
Filled up last night with 91 no ethanol, 3.91$ per gallon. 87 no ethanol is 3.62$
$3.55 here in SC. Filled up Friday and it was $78. How much would drilling in Alaska help out? Considering the tree huggers get out the way.
Drilling in Alaska and the gulf are going to expand in the next year or two. It's a difficult position for me because of course I want the gas prices to go down, but when you work in the natural gas/oilfield, it sure helps when prices are up. Simply put, we need to get off of foreign oil.
$10.77 a UK gallon for shell v power, I think that works out at $9 a US gallon.