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Gas Is Still Going UP

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Old Mar 31, 2005 | 09:29 PM
  #51  
Dr Obnxs's Avatar
Dr Obnxs
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From: Woodside, CA
If only I had the time...

I'd get a wrecked hybrid, and an other old Mustang. Front drive hybrid 65 fastback anyone? It will have the muscle car fans in fits, but just like the ricers are putting out power, it's just a matter of time for hybrid hot rods.....

Matt
 
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Old Apr 1, 2005 | 08:25 AM
  #52  
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Originally Posted by 2minis
Prices in the US have always been ridiculously low.
Actually, that is not true. The only reason the prices are so high in other countries is because of taxes. We simply don't tax gasoline as much.

We tax fuel to pay for the building and maintenance of the roads and highways. Our taxes are not high enough to change the behavior of the user of the fuel. Do you really want our government to manipulate your driving behavior by controlling prices via tax policy? If so, why don't you move to Europe. There you will love driving tiny cars and paying $6-8 per gallon. You will also have to get used to the smell of diesel.

Even at $3 per gallon, gas is still less expensive than it was 30 years ago, adjusted for inflation. So quit complaining.
 
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Old Apr 1, 2005 | 08:34 AM
  #53  
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Originally Posted by Edge
How much sense does it make that a gallon of gas is cheaper than a gallon of milk?
Milk prices are controlled by the state not the free market.

And for those of you who think a hybrid car is more energy efficient than the same car in gas? From beginning to end, the hybrid car uses just as much energy as a normal car. The same is true for electric cars.

The anti-SUV person has a holier-than-thou attitude. The manufacturers know that and built the hybrid for that crowd. Suckers! LOL

2 months ago I bought a 2005 Dodge Ram 2500 with the Cummins diesel. It does 25mpg on the highway. Stick that in your pipe and smoke it.
 
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Old Apr 1, 2005 | 10:47 AM
  #54  
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From: Boston, MA
BBC: "Oil Prices May See 'Super-Spike'"

http://news.bbc.co.uk/2/hi/business/4399537.stm
 
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Old Apr 1, 2005 | 10:49 AM
  #55  
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chrisneal
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From: Boston, MA
Originally Posted by Monkey_Boy
And for those of you who think a hybrid car is more energy efficient than the same car in gas? From beginning to end, the hybrid car uses just as much energy as a normal car. The same is true for electric cars.

The anti-SUV person has a holier-than-thou attitude. The manufacturers know that and built the hybrid for that crowd. Suckers! LOL
That's not the point, of course. The greenhouse gases are the point, remember?
 
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Old Apr 1, 2005 | 10:54 AM
  #56  
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MINIclo
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From: Weeblegabber West (aka WLA)
Originally Posted by chrisnl
BBC: "Oil Prices May See 'Super-Spike'"

http://news.bbc.co.uk/2/hi/business/4399537.stm
Originally Posted by MINIclo
So one of the oil guy experts at Goldman-Sachs was quoted today as saying that spot oil-prices could hit $105/barrel! That would be equivalent to $6/gallon at the pumps!

Hold onto your hats, friends! This is going to get BUMPY!
Chris, I posted this info in post #43. Thanks for providing the link!


Clover
 
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Old Apr 1, 2005 | 05:11 PM
  #57  
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From: Madison, Wisconsin
Originally Posted by Rawhyde
Ran48That is a well reasoned and well stated post. I was just on a rant about the people who seem elated and clamoring for yet higher gas prices without regard to the people who would be hurt by them. Sorry I ruffeled your feathers, but prices going up with wages remaining static just ain't good...not for me anyway.

Rawhyde
Rawhyde, thanks for posting back. I was just a tad ruffled but I make it a rule not to stay ruffled at anyone - it takes too much energy. In any case once I got my 2 cents in I was cool. I admire what you have accomplished. Anyone who is willing to work hard to succeed (whether mental or physical) is A-OK in my book!

And, you are absolutely right. Higher oil prices are going to affect the poor much more than it affects those of us more fortunate. That is why I think it is so important to look for alternatives now before the crises really hits, because when it does my gut feeling is its going to be pretty bad. In any case, when it does, the fortunate will have to step up to help pull us all through.
 
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Old Apr 1, 2005 | 05:54 PM
  #58  
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meanboy
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From: the great country of california
Originally Posted by MINIclo
So one of the oil guy experts at Goldman-Sachs was quoted today as saying that spot oil-prices could hit $105/barrel! That would be equivalent to $6/gallon at the pumps!

Hold onto your hats, friends! This is going to get BUMPY!


Clover
Hopefully, the oil guy wasn't on CNBC. They can't seem to get anything right.
 
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Old Apr 1, 2005 | 06:32 PM
  #59  
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From: Weeblegabber West (aka WLA)
Originally Posted by meanboy
Hopefully, the oil guy wasn't on CNBC. They can't seem to get anything right.
I heard it from a number of news sources, ranging from FOX, to NPR, to the Nightly Business Report on PBS, to all the other major networks. The oil expert quoted works for Goldman Sachs, one of the top brokerage firms in the U.S.

Here are some excerpts of the info on the link chrisnl posted above, from the BBC NEWS:

"Crude oil prices hit record levels on Friday, with leading investment bank Goldman Sachs warning the cost of a barrel could eventually top $100.



Goldman Sachs said that the oil market may be in the early stages of a "super spike", which could push prices as high as $105 a barrel.

It said strong global demand, allied to potential instability in oil producing countries, could inflate prices."

AND:


"The firm has raised its average US price forecasts for 2005 and 2006 to $50 and $55 a barrel from $41 and $40 respectively.

"Oil markets may have entered the early stages of what we have referred to as a 'super spike' period," said Goldman Sachs analyst Arjun Murti. This would result in "a multi-year trading band of oil prices high enough to meaningfully reduce energy consumption and recreate a spare capacity cushion only after which will lower prices return".

Clover
 
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Old Apr 1, 2005 | 07:10 PM
  #60  
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From: the great country of california
not everyone agrees on $105 a barrel

http://www.businessweek.com/ap/finan...id=apn_home_up


Several analysts have been critical of an extremely bullish report that Goldman Sachs distributed to the media on Thursday, saying it created unreasonable fear in the market. The report said that oil prices could go as high as $105 a barrel -- the price Goldman Sachs said may be necessary to significantly curb energy consumption.

Goldman Sachs analyst Arjun Murti said factors contributing to the run-up in prices include geopolitical turmoil in oil-producing countries.

"Oil markets may have entered the early stages of what we have referred to as a 'super spike' period -- a multiyear trading band of oil prices high enough to meaningfully reduce energy consumption and recreate a spare capacity cushion only after which will lower energy prices return," the report said.

Other analysts said they would expect a slowdown in demand well before that point, and that oil producing nations already have plenty of economic incentive to add more supply to the market. Oil analyst Victor Shum of Texas-based Purvin & Gertz in Singapore said the chances of crude oil reaching $105 a barrel were slim.

Personally, I think if oil were to reach that high there would be more countries turning up the pipes and pumping up the fossil fuel to cash in on the unprecedented prices. That should increase the supply and drive the prices back down. At least that's the way economics should work.
 
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Old Apr 1, 2005 | 07:13 PM
  #61  
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MINIclo
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From: Weeblegabber West (aka WLA)
Originally Posted by meanboy

Personally, I think if oil were to reach that high there would be more countries turning up the pipes and pumping up the fossil fuel to cash in on the unprecedented prices. That should increase the supply and drive the prices back down. At least that's the way economics should work.
:smile: I vote for your version, meanie! I really do NOT want to see the suffering that $105/bbl oil would cause.


Clover
 
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Old Apr 1, 2005 | 07:20 PM
  #62  
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Hopefully, the principal of economics work. They haven't as far as house prices!:smile:
 
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Old Apr 4, 2005 | 03:54 PM
  #63  
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From: Newcastle, England, UK
our prices at the moment are all over the place!

At the moment its 83 pence per gallon! Tax man takes 73% of that for tax purposes which is horrendous...we pay tax on everything including car insurance nowadays !! My last Tank full cost 37 pounds
 
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Old Apr 4, 2005 | 05:35 PM
  #64  
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From: Madison, Wisconsin
Originally Posted by Cooper_Si
our prices at the moment are all over the place!

At the moment its 83 pence per gallon! Tax man takes 73% of that for tax purposes which is horrendous...we pay tax on everything including car insurance nowadays !! My last Tank full cost 37 pounds
Looked up todays exchange rate. $1.87/pound. Thats $69.31 to fill up. Probably about twice the highest price here. Thats why I try not to complain .
 
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Old Apr 5, 2005 | 03:57 AM
  #65  
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seriously thinking of leaving this country ! but hey the grass may be greener the otherside but i bet you peeps have downsides to your country to ?
 
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Old Apr 5, 2005 | 09:09 AM
  #66  
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Originally Posted by chrisnl
That's not the point, of course. The greenhouse gases are the point, remember?
You're joking, right?

If not, then you're deluded to think people buy a hybrid to reduce greenhouse gases. They buy them to be cool and to be better people than you and me.

Besides, if you're serious about reducing greenhouse gases, figure out a way to stop all volcanoes from pumping out those noxious products. Considering that Mt Pinatubo in its major eruption a few years ago pumped out 600 times more greenhouse gaes than mankind has done since the beginning of time - well, you add it up. If a hybrid driver thinks he's helping to reduce pollution, he's nothing but a deluded fool.
 
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Old Apr 5, 2005 | 09:16 AM
  #67  
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Originally Posted by Cooper_Si
seriously thinking of leaving this country ! but hey the grass may be greener the otherside but i bet you peeps have downsides to your country to ?
My mum left England before the UK went stupid (early 1950's). She visits once in a while and is glad to come back to the U.S..

The main downside here? Too much commercialization. It's always in your face, it's hard to escape. Otherwise, it's the best country in the world. :smile:

California is becoming an insane, stupid place and I hope to escape in the next few years. The grass is not green here in the summer, it's golden.
 
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Old Apr 5, 2005 | 09:40 AM
  #68  
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sndwave
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From: In the Tube
When I got home last night, my wife demanded that I take her out to some place expensive...................

So I took her to a gas station!!!!!!!
 
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Old Apr 5, 2005 | 09:51 AM
  #69  
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From: San Gabriel
Just fill up my MCS and it used to be only $15.00 but now $32.00 sad
 
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Old Apr 5, 2005 | 12:23 PM
  #70  
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From: Cullman/Birmingham Alabama
Just saw this today on MSN! At least the Mini helps us on gas cost a little bit. It was about Highest Fuel Economy in the Most Popular Classes. MINI made the list!!

http://autos.msn.com/advice/article....c=LP%20pickups
 
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Old Apr 5, 2005 | 06:15 PM
  #71  
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kapps
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From: Orlando, FL
Hey looks like we own the two smallest fuel efficient vehicles around, the Insight and MINI. I can still complain about gas prices though...
 
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