How high is gas going to go?

Went by the gas station today and it was $3.27 and it isnt even summer yet A while back I laughed when someone mentioned it might hit $4 a gallon this summer Im not laughing anymore

Kickers are going to take on a life of their own.

Makes me glad I still have my 14ft Alum with a 15hp motor
I can troll all weekend on 6 gallons of gas

I say it tops out in MN at $3.88 a gallon!

Go oil stocks……

You know…the government is giving us a rebate to try to stir the economy right? Isn’t there something they can do to drop the price of gas at least through the summer? Open up some reserves or drill some holes somewhere?

I think that would stir the economy more. I’d be more willing to take longer trips and that would help out the resorts, campgrounds, bait and tackle shops…and that is just one example. It might help the airlines that are in trouble too.

I don’t know…I’m no expert, just something I’ve been wondering.

I’m looking forward to $3.27 again.. It’s 3.59 over here by Seattle and holding there for a couple weeks. Can’t wait to get home…

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You know…the government is giving us a rebate to try to stir the economy right? Isn’t there something they can do to drop the price of gas at least through the summer? Open up some reserves or drill some holes somewhere?

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That would cost them money. They would prefer to give us $600 of our own money and hope we spend it.

gone

Sure they can lower costs. But they would rather have hearings about oil companies making $.08 per gallon for drilling, transporting, refining etc than lower the their $.60 per gallon tax they get for doing nothing.

Who is the real thief?

If you want low gas prices, we can invade Canada, Mexico and Venezuela and take their oil. Then we can nuke China and India and wipe out the demand of +2 billion people. However, those measures are a little radical.

gone…

It isn’t going to slow me down. Last October I made the decision to quit smoking and I haven’t pick another one up since. I’m saving over $50.00 a week by not smoking. More for fishing and I also feel alot better

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I say it tops out in MN at $3.88 a gallon!

Go oil stocks……

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I think Gary is close on that one.

I already figured it out… I drive slower and my gas milage compensates for the increase in cost. Much better mileage at 55 than 65, especially pulling the boat.

If I would quit smoking and drinking Frappachinos(sp??), it would cost me even less to take long trips! $4.25/smokes + $2.69 for the coffee drink(ouch).

I quit complaining about the gas a while ago.. it saves stress. I can complain all day and its still going to cost an additional $20 to fill mine, and $30 to fill the wifes van.

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word. and I quit smoking a few weeks ago so I save money at the gas stations these days

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I think the majority are riding bikes and mopeds….

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Yes, and they all want a car like us Americans.

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I have little doubt a couple major US airports have a higher fuel demand in one year than China has all year….

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There is no factual basis to support that comment. If there is, I’d like to see it.

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….ground about 2/3 or the planes in the US… see what happens to the gas demand/prices…

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Air travel is by far the most efficient way to move people from point A to point B. Grounding planes would just increase overall fuel consumption.

-J.

like most things economic its a complex subject.. it seems unlikely that there is any ONE thing that would lower prices… Im pretty sure I read that there is a surplus of gas right now in the US because the higher prices have driven down the demand slightly… BUT.. the refineries cant lower prices because the price they are paying for crude is still high… ‘
apparently this is because of several factors such as
1 the dollar is loosing value in the world market
2 commodidties investors are keeping the price high by investing in higher futures (Im not sure how this works!)
3. no new supplies of oil are being found
4. no one has additional capacity to bring online to provide more oil
5. demand for oil is rising in the world market. I have no idea how much china uses.. but with the money that they are accumulating over there they can afford more and more.. the same goes for india.. the recent introduction of a very cheap car in india is actually BAD news for us. they are shipping them world wide. very affordable they cost something like $2000. this puts cars into the hands of a whole new group of people.. and yes they want them… wouldnt you? of course they will also want bigger and better.. they are getting locked into the same consumer cycle that we are in.. buying stuff just to have the NEWEST stuff… not because you need it…. because ads form a culture that makes us want it….
well.. anyway…. long story short.. dont hold your breath.. gas is going up… I cant see a scenario where it will go down… though its possible it might stay close to the same or not go up as much as thought due to a (possible) recession that will probably affect things worldwide.. because say what they will.. the rest of the world is still affected by our economy

gone

The problem isn’t a lack of oil wells, etc.. The problem is the lack of refineries and our govt. being pushed around by “Green” groups who won’t let any companies build any more. There hasn’t been a new refinery built since the mid-70’s.. don’t you think the demand has increased astronomically since then.. there in lies your gas price going up… Oh yeah, and don’t forget your state govt. decided to add an extra gas tax last session!

We have to decide this fall on who we want to make our decisions for us.. ask the people running for office if they are going to do something about it or not.. I have felt the increase in gas prices dramatically… I drive many miles a year for my job and therefore fill up quite frequently.. and I’m amaized at how gas fluctuates not only daily, but hourly!
I was up in L.Falls last thursday, and at 8 am the holiday was at 3.09.. and 45 min later it was at 3.29.. I’m sure it will be 3.15 or so on tuesday morning and back up to 3.33 on thursday!

http://www.minnesotagasprices.com check this site out if you haven’t yet.. I came across it about a year ago. Very helpful on the fishing trips and other outings.. ever kick yourself for not getting or getting gas at a station and in the next town its cheaper or more expensive.. well not anymore!
I’ve typed enough this morning.. pray for more rain so we can have some open water and we can all burn some that expensive stuff!!

I’m glad I’m stopping before I get into the economical impact of the fraudulant E85 fuel source, and how it is costing all of us more money in our everyday lives.. hope those of you that have stock in ethanol make enuff $$ before it all comes crashing down in the next couple years!
I personally enjoy spending more money on a gallon of milk than a gallon of gas.. don’t you? Don’t blame the dairy folks.. their cost of feed has gone up.. they aren’t making any extra money off of it!!
ok now i’m done!

David,

I don’t think you have a handle on how much fuel China uses….. Read up:

http://www.eia.doe.gov/cabs/China/Oil.html

http://www.airlines.org/economics/energy/MonthlyJetFuel.htm

Also, David, I don’t think you understand who in the US is actually using the most fuel. Air lines are not at the top of the list, neither are car drivers. Care to take a guess?

-J.

Here is the best info I could find from OPEC monthly reports. These are just OPEC numbers so these countries do get oil from other places…The US uses roughly 21 million barrels/day. It looks like China’s is 7.7 mb/d and India is around 2.7 mb/d. China and India’s oil growth rates looks to be about 5%. The economies of China and India are growing around 10% vs. 1%-2% here.

As for the refined products, I wasn’t able to find the numbers on the US, but they list it for other countries and the breakdown looks consistent between countries. Aviation fuels are the lowest. The order looks to be Gasoline, Diesel, residual, “other”, and then aviation fuels.

I say outlaw the tuna boats and image the amount of gas saved!

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htm]http://www.airlines.org/economics/energy/MonthlyJetFuel.htm[/url]

Also, David, I don’t think you understand who in the US is actually using the most fuel. Air lines are not at the top of the list, neither are car drivers. Care to take a guess?

-J.

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As bad as it sounds, no, I really dont want to know, as I know there is nothing I can do to change it. Any way any of us want to look at it, humans are way too dependent on oil products, and it will remain to be that way until there is an alternate power source out there… hopefully more cost efficient and friendlier to the environment overall.

We have to heat our houses, go to work, and cook our food. If we arent burning oil products, were plugging it in and screwing up other things.

If we all had to chop down some trees to heat our homes, there wouldnt be any of those left either… then where would we be?

I dont know, dont really want to know anymore… and I know I dont possess the knowledge to create what we need on a larger scale to provide a cure.

All I can do personally is pay for the gas my family needs, and try to conserve any way I can while suiting my needs.

I can do a lot of things, but I cant do a thing to help the worlds energy needs.

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As bad as it sounds, no, I really dont want to know

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Industry.

-J.

gone….

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Get this war over with, and ground about 2/3 or the planes in the US… see what happens to the gas demand/prices.

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This is NOT a me being Pro or Anti War…. (I think both have thier pro’s and cons) This is just a response.

I saw last week that the war is costing the U.S. MILLIONS a day in Gas alone! Now if you end the war, and ground all the planes that are flying there, and any other vehicle that gets 4 Gallons/mile (It’s a joke I know they get a minimum of 2 gallons/mile ) then let’s see if we could drop Gas .10 a gallon I’m pretty sure it could happen. Heck they (the middle eastern countries currently selling the U.S. Gas to fill their war vehicles at inflated prices compared to what their civilians are paying) would possibly sell it to us cheaper so we would use more to make up for lost profits from the war ending.

JJ, thanks for again supporting your position with facts.
It is very eye opening when you read what is going on Globally.

I had a conversation with my Lube rep last week about pricing. He said, some companies buy it in the ground, and some buy it in the barrel. The companies making 4x their profits from a few years ago, don’t pay anymore for it coming out of the ground, but the companies that buy it in the barrel, are paying alot more. The companies that own it in the ground, could lower their prices, but figure, why ? If I can get $104 a barrel, why not ? If they would lower their prices, that would force the one’s buying it by the barrel to lower theirs, there by reducing the price, or forcing some out. Made sense to me. That is why some companies have record earnings. It will take one of them to make a major move, to curb the pricing. Think of it this way, if every auto manufacturer, I mean every, would have a $5000 price increase per model, what could you do ? I know we negotiate car prices, but if it were like fuel, you would just have to pay it, or walk.

big G

The BIGGEST problem with the gas prices, demand, and overall problem is IGNORANCE Too many people thinking they know what is right and what is wrong, and not following what we DO know is right, such as slowing down our speeds when driving, and general maintenance on our vehicles such as tire pressure and air, fuel filter replacement at specific intervals.

I agree with what was stated before, too much politics to go through.

Because we refuse to find alternate fuel sources, drilling in Alaska would be a good idea. The footprint of an oil well is extremely small, very small. Too many “eco-nuts” to get through.

The other problem is, too many different blends of fuel. I think Illinois has 10 or so different blends, just for that one state!

The next problem is the lack of new refineries being built. The US hasn’t seen a new refinery since the 1970’s.

Unfortunately fuel is a commodity. We cannot walk away from that like a car or truck deal. You could always buy used, or buy a motorcycle, or some other form of transportation. Gas is gas. You HAVE to use it, and cannot substitute water. Yet!

I know I am not telling you something new. And yes…we are at a position now where no one in Big Oil, Opec, or the refiners have any inclination to roll things back.

Exactly my point. Gas is in itself, the “only” game in town for alot of us. Imagine again, there are no used vehicles, other than new cars and you have the situation I am trying to create, probably a poor comparison.

big G

Not my topic… deleted

My guess is $5.00 bucks. Whatever it gets to will be passed on to us in the form of higher prices for everything trucked probably in the months running up to Christmas. I think we are well into the worst recesion I can remember.

Im just glad I filled up the boat last fall But that wont last long If this crap keeps up I might have to find a job