Gas to hit an average of $3.50 a gallon this month...Maybe $3.60

[daschuck77]

http://news.yahoo.com/s/ap/20080414/ap_on_bi_ge/oil_prices

I know it has to be way more up in NY...Right now it's about $3.17 for regular where I live in VA...

These regular prices are higher than after Katrina! What the hell are we going to do if/when a hurricane hits the Gulf region again and wipes our refining capability? The prediction is 7 named storms for this season.

I drive a 35 mpg car that uses Regular and it is still brutal to fill up on a weekly basis. So I feel awful for the Truck drivers out there paying over four bucks for diesel or others whose vehicles require a premium grade of gas. I'm doing all the tricks down here...5 cent off Sundays...Gas credit cards with Rebates...WALKING!

I would ride a bike to work but I have to go under the Chesapeake Bay and through the Hampton Roads Bridge Tunnel everyday to get there. Maybe I'll invest in a paddle boat.

The oil companies have the collective global populus firmly by the genitals. Profit for shareholders is one thing, but this is getting out of control and has been for too long. In addition the OPEC Cartel decides how much to produce regardless of supply and demand so they can kink the oil hose as much as they want. Couple that with the various exuses and roadblock in refining offered by Oil companies and we are all stuck...paying more for gas and paying more for anything that needs fuel to get to the stores to be sold.

It's only going to get worse as known oil sources become increasing harder to harness a finite supply. For every 10 barrels of conventional oil consumed, only four new barrels are discovered.

And then when the oil dries up (around 2030 estimated), guess who has either hushed, delayed, or bought sizable control and interest over trademarks, patents, and copywrights over the next generation of fuels or renewable energy solutions...Big Oil.

[Matt4105]

With these gas prices I am looking at motorcycles....

[daschuck77]

:iwantu:With these gas prices I am looking at motorcycles....

Soon your little motorcycle will be Nuclear powered! If an aircraft carrier can go 25 years without refueling, imagine your chopper!

[JP Losmania7]

do u think the price for gas will ever drop? or can we expect gas to be on the rise forever???

[Matt4105]

I think we really need to be pushing non-gasoline powered cars. There used to be a bunch of talk about it now i hear nothing.

[Wally]

they are going to have to start rationing gas. Everyone gets the same amount per week.. anything extra will cost your triple.

[BabyDoll2004]

Here where I live its 3.38 i was thinking about the public transport but they are raising their prices too because of the gas, it seems we can't catch a break no matter what, even if the went back to horse and buggy they find a way to tax the hell out of that.

[35Pete]

25*3.5=87.50 a fill up. 4 fillups a month = 4 x 87.50 = 352 dollars a month for gas for me.

Crap.

[35Pete]

they are going to have to start rationing gas. Everyone gets the same amount per week.. anything extra will cost your triple.

Look at the profits of the big oil cartels.

Really. Take a look at them. Some people ought to be in prison.

Monopoly anyone?

Welcome to 1902 all over again.

[chickie]

25*3.5=87.50 a fill up. 4 fillups a month = 4 x 87.50 = 352 dollars a month for gas for me.

Crap.

actually pete it is $379.14 for you a month.

87.50x4.3333 = if you want to be more accurate with your budget. :)

52 weeks / 12 months = 4.3333 :)

Which I know doesn't seem like a lot to some.

But the difference is $27.14 a month over a course of a year you get $325.68.

Bottomline...it all adds up.

[daschuck77]

Look at the profits of the big oil cartels.

Really. Take a look at them. Some people ought to be in prison.

Monopoly anyone?

Welcome to 1902 all over again.

Seriously! I watched "There Will Be Blood" and the greed that motivated Oil men back then is much more amplified today now that we are in what they call the "peak oil" days where soon harvestable oil will steadily decline until we sinply run out.

[35Pete]

Seriously! I watched "There Will Be Blood" and the greed that motivated Oil men back then is much more amplified today now that we are in what they call the "peak oil" days where soon harvestable oil will steadily decline until we sinply run out.

Where can I see that????

Google Video?

Thanks for the tip brother.

[35Pete]

Peak oil is BS.

Don't believe it.

[anEinherjer]

So much economic populism and misinformation in this thread. Please guys, don't get all worked up over this without understanding it.

The declining value of the dollar is more to blame than any oil company.

[daschuck77]

Peak oil is BS.

Don't believe it.

I do...Oil is finite and we are definitely using more than we can pull out of the ground.

[35Pete]

I do...Oil is finite and we are definitely using more than we can pull out of the ground.

Oil is finite but we have not peaked.

Two. anEin is right about the plunging dollar killing the economy. Fiat monetary manipulation is killing us, and fattening the wallets of others.

But anEin, oil is a driving factor in inflation, the Fed is the right hook, the war and oil the left hook.

[daschuck77]

Oil is finite but we have not peaked.

Two. anEin is right about the plunging dollar killing the economy. Fiat monetary manipulation is killing us, and fattening the wallets of others.

But anEin, oil is a driving factor in inflation, the Fed is the right hook, the war and oil the left hook.

I definitely buy that too...that and all the lingering supply issues congress claimed are still hindering Oil refining since Katrina.

http://www.fas.org/sgp/crs/misc/RS22233.pdf

It's all a big cluster F of a poor economy, greed, speculation, corruption, and who knows what else.

[anEinherjer]

Oil may (or may not) be limited. But we will never, ever, ever "run out".

Oil price increases are being exacerbated by people running to dump their money into commodities because the prices are going up (the new bubble after housing blew out). Or at least that's what I've read in multiple places.

Fed's money manipulations are making the dollar fall, which make investors nervous making the dollar fall, which...... and so on. :)

[anEinherjer]

Oh, and falling dollar isn't necessarily all bad: It'll make our exports more valuable on the world market and imports more expensive to bring in - all you guys who want the US to be independent making our own stuff, this is for you. :D

[Billsman]

I paid $4.35 a gallon to gas up my F350 yesterday, ouch.

[daschuck77]

Oil may (or may not) be limited. But we will never, ever, ever "run out".

Oil price increases are being exacerbated by people running to dump their money into commodities because the prices are going up (the new bubble after housing blew out). Or at least that's what I've read in multiple places.

Fed's money manipulations are making the dollar fall, which make investors nervous making the dollar fall, which...... and so on. :)

I agree we won't "run out" but the cost to find all the scarce oil will be far from practical and we will have to find other energy and fuel alternatives...

http://www.lifeaftertheoilcrash.net/

[anEinherjer]

I paid $4.35 a gallon to gas up my F350 yesterday, ouch.

At that point, I'd walk. :)

Edit: Besides, how much gas do you need to walk outside and get your ass to work on the new bus???? :D

[anEinherjer]

I agree we won't "run out" but the cost to find all the scarce oil will be far from practical and we will have to find other energy and fuel alternatives...

http://www.lifeaftertheoilcrash.net/

The thing is there won't be a "crash".

If anything, it will be a slow decline.

[shotgun]

we need gas, . no matter what the price is. it's sad,

[coryjd]

Gas has reached $3.61 per gallon, where I live. This is getting insane.

Was the oil cartel's justification meaningful?

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/04/01/MNU7VU217.DTL

[35Pete]

$3.45 a gallon here.

The oil industry executives should be ripped apart limb from limb. And their flesh fed to wild dogs.

[daschuck77]

The thing is there won't be a "crash".

If anything, it will be a slow decline.

You're right on.

http://www.lifeaftertheoilcrash.net/graph_201_10_4_2006.jpg

[anEinherjer]

That doesn't look very slow lol

[sabredan17]

Yet morons are continuing to build McMansions in 2nd tier suburbs like Clarence and our governments are building massive highways to subsidize it. We really have no one to blame but ourselves and the fact that the United States has the most irresponsible development policies and allowances in the world.

Supposedly $7.00/gal is the absolute breaking point at which the majority of Americans would be willing to abandon their homes to move closer into population centres. Then the US is left with Trillions of dollars in useless infrastructure and economic disaster.

Unfortunately, there is not another method of fuel that is even remotely capable of producing what gasoline powered cars are able to at this point that is both cost effective and able to be mass produced. When the real oil crisis inevitably hits, the United States will be the worst prepared nation in the world to deal with the problem. European and Asian cities are light years ahead of us in terms of being able to cope in the era when the Automobile becomes available only for the super rich.

[sabredan17]

It won't be a slow decline. It would be "slow" if we maintained the same level of oil consumption. However, our oil consumption is currently at record acceleration rates, mostly due to the late 90s economic boom in the US and the rapidly industrializing eastern economies, especially China and India.

So we're increasing our use of oil faster than ever before, as we begin to steadily decline in production. Therefore the rate of supply per-capita that is actually available will decline at an exponential rate. We're not talking about 50-70 years here, that it took to reach our current status. We're talking maybe 2 decades to hit bottom.

[BabyDoll2004]

dang thats depressing

[anEinherjer]

sabredan, there are many who would agree with you.

But then again, the same sorts have been predicting oil disaster for a hundred years.

It will be a slow decline - oil consumption is already slowing (or perhaps the rate of acceleration) in America as prices climb.

We're not going to get an Escape from NY disaster flick, sorry. :)

[mark3274]

It's only going to get worse wait to a few more airlines flop which is not far off.

Have you ever wondered why we do not have Mag lev trains here like Japan? Corporate greed from the big airlines of course.

[mark3274]

With these gas prices I am looking at motorcycles....

wait till it hits 4.50 in NYS which will not be long from now....

If you can I would avoid buying gas from EXXonmobil period.

not that the others are better but exxon is king of greeed.

[pabillsfankohler]

Amtrak will be making out big time, because that will be the cheapest way to travel. I will be going to Walmart to buy a bike & a backpack for the shorter trips around town.

What about Hygrogen powered vehicles? What will it take to get that up & running? I know Honda built a nice one, but can only sell them in So Cal because they are the only ones with fueling stations.

[daschuck77]

That doesn't look very slow lol

The speculators call it a "cliff" but according to them it is a 30 year fall off the cliff.

[sabredan17]

I see 22 years. The earth is billions of years old...... 22 years for the earth's salvagable oil supply to be depleted is quite a sudden drop, hardly a relative instant. And thats just when we hit bottom, its going to awfully painful for our gas-guzzling nation for the years leading up to that.

anEinherjer - I'm not sure where you are getting that from. Oil consumption in the US is not dropping off at all, Thats the problem! Our federal government has done NOTHING to encourage less oil use. The Bush administration raped Amtrak's budget, they cut 80% of the funding to build new public transit, they're focus on drilling new (yet very limited) sources in protected ecological areas like Alaska, that'll be a temporary fix at best. Bush also obliterated development funds for cities like brownfield remediation and HUD grants. Therefore, companies are limited in their means to be able to develop with a city and are often forced to locate way out in the suburbs where all of their employees have to drive more that twice their total daily commute on average.

Its very frustrating to live in this country. One of the most educated in the world, but we just don't seem to get it when it comes to our economic and environmental future.

[FamousAmos]

you're gonna see more young people moving into the cities (like me) for work and living quarters.

Especially if the young professionals are starting off with low salaries, it will behoove them to live closer to work to cut commute costs.

The suburbs are going to shrink.