LOL
pwnt
$74+ dollars per barrel.
In light of the Bush Administrations withdrawal of its tacit support of a strong dollar, expect this to keep going up.
(note) Since we buy so much more than we seel(oil and other imports) if the value of the dollar drops, even though the underlying supply and demand haven't changed, you still get rises in prices, ceteribus paribus.
Some experts are predicting that gas will hit $4 per gallon by next week...
Already parts of the NE are averaging 3.24 per gallon.
Don't know what "experts" those are - especially coming off a large inventory build last week. However, many REAL experts are saying $80-85 crude oil this October.Some experts are predicting that gas will hit $4 per gallon by next week...
"NE are averaging 3.24 per gallon."
I paid over $3.30/gal in CA in May between Chula Vista and Napa/Sonoma
clandestino is a stupid stupid mexican ginger
cbf, go smoke some more weed...
Nationwide gas prices average just shy of $3 a gallon
Associated Press
http://www.mercurynews.com/mld/mercurynews/news/local/s...
CAMARILLO, Calif.Lundberg Survey- U.S. gas prices jumped nearly 11 cents per gallon in the past two weeks with the national average for self-serve regular just shy of $3 a gallon, according to a survey released Sunday.
The average price for the grade was $2.995 per gallon Friday, up 10.73 cents in two weeks, according to the Lundberg Survey of 7,000 gas stations across the country. The price was less than 2 cents below the all-time high of $3.01 set Sept. 9, analyst Trilby Lundberg said.
The average mid-grade price was $3.10 a gallon while premium ran $3.20.
The lowest price for gas was $2.70 a gallon in Charleston, S.C., while the highest - $3.27 a gallon - was in Honolulu.
Among California cities surveyed, the highest average price for self-serve regular was $3.26 a gallon in San Diego. The lowest, $3.08 a gallon, was in Sacramento.
Parts of the country are already paying an average of between $3.20 and $3.60 a gallon.
THAT I can believe.
I had figured on $100 per barrel crude by about 2012. What are your thoughts on that particular milestone?
Well, you never know... we are steady at $75 and haven't had any external factors like hurricanes coming into play yet. The fundementals will slowly start to change over the next few years as new capacity comes online, but I think it will only be enough to maintain the status quo (as opposed to lowering prices). Despite high prices, demand keeps rising.
As far as the milestone itself... I think once we cross the threshold, it may be the new "sticking" point for price, with the occassional fluctuation down. Each time the price has gone up to the next level, demand has pretty much failed to respond accordingly.
The auto industry as well as their consumers also continue to fail to take any steps to rectify the situation. SUV sales are up, and majors like Ford have decided Hybrid isn't the way to go (like I've said though, if Ford believes one thing, you should do the opposite... kind of like exstatic, boutons, and Aggie Hoopsfan).
destino strikes again
Doesn't that all add up to another revelation? We can afford to pay $3.00 a gallon? After all, if it isn't affecting demand or behavior, it's apparently okay with the public.
I know, I'm still filling my gas tank and have yet to curb my vmt's.
That would be the inference.Doesn't that all add up to another revelation? We can afford to pay $3.00 a gallon? After all, if it isn't affecting demand or behavior, it's apparently okay with the public.
That was pretty much my thoughts. I hadn't expected the run-up to 70+ quite so soon.
Holding those factors in play, what about adding the complexity of a very real (I would say probable) slide in the value of the dollar over the next 5-10 years?
Wouldn't that imply a lot more upside potential? Meaning that prices will continue to rise at a good clip for US consumers even with the increasing capacity?
dumbass, this thread was started a looooong time ago... so, there really is no relevance now..
i realized that, but its still funny cuz this thread has been bumped loads of times since you created it just to show how accurate your predictions are.
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Allan Rowe vs Wade, gtownspur, RandomGuy
Actually I'm going to go with the fact we're fixing to be watching another Middle East War breakout in the next day or two between Israel and whatever dumbasses line up to get their asses kicked.In light of the Bush Administrations withdrawal of its tacit support of a strong dollar, expect this to keep going up.
??????????
I agree!
chirping crickets! haha...
and our resident "expert"
main reason we're near 50 is because OPEC has allowed it. you people think it is all the factors you banter about, but really and truly it is what OPEC wants they get.
i am not suprised by you quiet posters though... when things are good, you stay hiding and waiting for something negative to happen so you can blame the republicans...
OPEC controls the price and they prefer $50 per barrel over $70 per barrel?
You greatly overestimate OPEC's ability to move the market. Yes, they are still a powerful force, but they aren't sitting at their PC's playing "Oil Tycoon".
"OPEC has allowed it."
All that carbon dioxide pumped in the atmosphere by the the eneryco's and their products has resulted in a very mild winter, significantly lessening the demand for heating oil (and for coal to fire generators) in the biggest consuming (northern temperate zone) countries.
If the price of oil stays this low for months because of depressed demand, then it will be hard, impossible?, to say the OPEC and non-OPEC products really have the power, and will, to restrict supply to force oil back up to $70+.
I still blame the Repugs for not defining an urgent, dramatic, unflinching program to reduce US oil consumption and US oil imports. If the current warm weather is and remains really the main cause of depressed oil prices, then reducing demand reduces the price.
The Repugs/oilmen in the WH, would rather waste US military lives in bogus wars to protect and increase US oilco profits.
"When things are good?"
Oil is still 2x the price it was on 9/11,
there is a bogus, unending, lost war.
there is NO oil conservation or green house gas reduction programs,
What's good?
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