Gas Prices

[quicksilverado]

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.

[Show&Go]

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

[pl4yboy]

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.

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.

[SLO TRUCK]

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

I guess there goes the plastics industry too and all the other things that need petroleum.

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.

[quicksilverado]

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.

[jcb]

Shell v power is £1.35 a litre over here, which works out at around $8.71 for a us gallon.

[TXsilverado]

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!

[Paulster2]

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.

Exactly.

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.

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).

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

[pl4yboy]

Exactly.



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).

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.

[Maui4x4]

Shell v power is £1.35 a litre over here, which works out at around $8.71 for a us gallon.

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.