Original Gas Thread: Americans enjoying $4 gallon despite oil oversupply highest in 8 yrs

[Engineer]

Originally posted by: conjur

Originally posted by: dontknow1

Originally posted by: conjur
MUCH more of a necessity. People tend to require something like 15-20 gallons per week of gasoline. FAR less than the other items. It's a poor comparison.

O.K. those maybe a poor comparison but how about drugs such as insulin etc
That is a neccesity for some

What point are you trying to make? How many diabetics are there vs. how many that drive? Last I checked, my health insurance didn't cover gasoline for my car.

Did you see the mass of trucks blockading parts of South Florida in protest over rising gas prices?


BTW, anyone remember the days when the Propagandist was criticizing Clinton and Gore over the price of gas and demanding they do something with the Saudis to "open the spigots" to lower the prices?

http://www.time.com/time/teach/glenfall2000/4-5.html


The prices were $1.00/gallon LESS just 5 years ago.


Hmmm...the Propagandist is certainly very tight-lipped now. I guess it's because those lips are firmly entrenched around the Saudis' arseholes.

:lips:

P.S. Gas prices in Lexington, KY were $0.59 in late 1997/early 1998. $0.49 in Corbin, KY. Oil was $11.00 per barrel that year.

 

[Engineer]

Originally posted by: 5LiterMustang

Originally posted by: dmcowen674

Originally posted by: catnap1972

Originally posted by: dmcowen674

I'll really be happy when it hits $90 and they stop that crap about it being adjusted for 1981 inflation. :thumbsup:

That figure will also get bumped up (remaining considerably higher than the current price)--you can almost count on it.

Ah yes, gotcha.

When we start getting near $90, they will say it would have to get to $120 barrel adjusted for 1981 inflation, of course.

You're right, come tot thinkof it, I bellieve they used to say either $60 or $80. Can someone find what number they were using, I don't remember it being $90.

After adjusting for inflation its approximately 72dollars/barrel...from its high, we could easily eclipse that

1864: Oil was $97 per barrel after Pennsylvania Oil boom.

Click me (see side graphic).

 

[charrison]

coal to liquid fuels...

yet another oil alternative

 

[nergee]

Adjusted for inflation in Jan 2005 dollars oil would be $94.48/bbl.......................

 

[dmcowen674]

Originally posted by: nergee
Adjusted for inflation in Jan 2005 dollars oil would be $94.48/bbl.......................

There it goes, keeps going up like a balloon.

 

[dmcowen674]

Went up another dime today here, just paid $2.44 for regular. :thumbsup: :thumbsup:

 

[dmcowen674]

Poll in OT says ATers support $9 gal gas with no problem.

P&Ners have no problem with $12 gal.

 

[GoPackGo]

Originally posted by: dmcowen674
Poll in OT says ATers support $9 gal gas with no problem.

P&Ners have no problem with $12 gal.

$12? Why stop there? I say $50 a gallon!!

 

[BoberFett]

I don't understand why y'all are so afraid of high gas prices. Think about how much better it'll be for the environment when gas is unaffordable.

 

[GoPackGo]

Originally posted by: BoberFett
I don't understand why y'all are so afraid of high gas prices. Think about how much better it'll be for the environment when gas is unaffordable.

Just think how great it will be when people freeze to death because they can't heat their homes.

 

[BoberFett]

Originally posted by: GoPackGo

Originally posted by: BoberFett
I don't understand why y'all are so afraid of high gas prices. Think about how much better it'll be for the environment when gas is unaffordable.

Just think how great it will be when people freeze to death because they can't heat their homes.

Who still heats their homes with oil?

 

[dmcowen674]

Originally posted by: BoberFett
I don't understand why y'all are so afraid of high gas prices.

Think about how much better it'll be for the environment when gas is unaffordable.

Who said anything about being afraid???

It would be cool to see very little traffic on the roads.

It will suck to see it is just the rich still being able to drive though.

 

[dmcowen674]

Originally posted by: GoPackGo

Originally posted by: BoberFett
I don't understand why y'all are so afraid of high gas prices. Think about how much better it'll be for the environment when gas is unaffordable.

Just think how great it will be when people freeze to death because they can't heat their homes.

Hey, that's natural Republican population control at work.

 

[3chordcharlie]

Originally posted by: BoberFett

Originally posted by: GoPackGo

Originally posted by: BoberFett
I don't understand why y'all are so afraid of high gas prices. Think about how much better it'll be for the environment when gas is unaffordable.

Just think how great it will be when people freeze to death because they can't heat their homes.

Who still heats their homes with oil?

A rather large number of people...

 

[BoberFett]

Originally posted by: 3chordcharlie

Originally posted by: BoberFett

Originally posted by: GoPackGo

Originally posted by: BoberFett
I don't understand why y'all are so afraid of high gas prices. Think about how much better it'll be for the environment when gas is unaffordable.

Just think how great it will be when people freeze to death because they can't heat their homes.

Who still heats their homes with oil?

A rather large number of people...

Yeah, I found a page stating that around 8.1M homes still use oil for heat, mostly in the northeast. Guess it's about time for them to step forward into the 21st century.

 

[dmcowen674]

Originally posted by: BoberFett

Originally posted by: 3chordcharlie

Originally posted by: BoberFett

Originally posted by: GoPackGo

Originally posted by: BoberFett
I don't understand why y'all are so afraid of high gas prices. Think about how much better it'll be for the environment when gas is unaffordable.

Just think how great it will be when people freeze to death because they can't heat their homes.

Who still heats their homes with oil?

A rather large number of people...

Yeah, I found a page stating that around 8.1M homes still use oil for heat, mostly in the northeast. Guess it's about time for them to step forward into the 21st century.

What do you suggest? Many switched to Electric and rates went through the roof.

Then they switched to Natural gas and those rates went through the roof and still rising like Oil.

Most stayed with Oil because of the three it has been rising the slowest up until Republicans took over Iraqi Oil and the profits.

 

[BoberFett]

Oh shoot, so you mean those poor people will have to pay the same high prices that the rest of us already pay for heat? I feel so awful for them. *violins*

 

[zendari]

If you want to heat your homes, get an axe, go outside, and chop down some trees for firewood.

 

[dmcowen674]

Originally posted by: zendari
If you want to heat your homes, get an axe, go outside, and chop down some trees for firewood.

Good luck finding any trees in New York City and it's suburbs.

Maybe cut down the remaining trees in Central Park???

 

[mithrandir2001]

Originally posted by: dmcowen674

Originally posted by: BoberFett

Originally posted by: 3chordcharlie

Originally posted by: BoberFett

Originally posted by: GoPackGo

Originally posted by: BoberFett
I don't understand why y'all are so afraid of high gas prices. Think about how much better it'll be for the environment when gas is unaffordable.

Just think how great it will be when people freeze to death because they can't heat their homes.

Who still heats their homes with oil?

A rather large number of people...

Yeah, I found a page stating that around 8.1M homes still use oil for heat, mostly in the northeast. Guess it's about time for them to step forward into the 21st century.

What do you suggest? Many switched to Electric and rates went through the roof.

Electric is a funny thing. When I bought my 2 bedroom townhouse 3 years ago and I told people it was 100% electric they responded "oh my god, that's going to be expensive!" But I've found the energy costs to be rather reasonable, especially since the rates here in Philly area are supposed to be some of the highest in the country.

After I bought the house I replaced the heat pump with an Energy Star model and new heat exchanger. Perhaps that was key. My highest electric bill to date was $170 and that was during January 2004 when temps were 6.2 degrees below normal. On an annualized basis my electric bill averages $100 a month. My cable bill is the same. So if I am paying the same for all energy as I am for cable/internet I can't complain.

Of course I have to add that my place is "only" 1200 square feet and new houses are frequently 3000, 4000 or even 5000+ sq ft. There's a lesson in that: bigger isn't always better. I never have to worry about "oh dear what's the electric bill going to look like?" Co-workers declare they pay $300-$400 just to cool their houses in the summer. I can't imagine that and I'm relatively high income.

Getting back to gas I would cry uncle if gas prices got to the $3.25/gal mark. That's where fuel prices would affect my spending habits in a meaningful way. Prices may get there for a short while but I can't imagine them lasting at that level. Too many people live check to check and eventually they need to cut back on their gas demand unless they are willing to give up other things.

 

[dmcowen674]

Originally posted by: mithrandir2001

Originally posted by: dmcowen674

Originally posted by: BoberFett

Originally posted by: 3chordcharlie

Originally posted by: BoberFett

Originally posted by: GoPackGo

Originally posted by: BoberFett
I don't understand why y'all are so afraid of high gas prices. Think about how much better it'll be for the environment when gas is unaffordable.

Just think how great it will be when people freeze to death because they can't heat their homes.

Who still heats their homes with oil?

A rather large number of people...

Yeah, I found a page stating that around 8.1M homes still use oil for heat, mostly in the northeast. Guess it's about time for them to step forward into the 21st century.

What do you suggest? Many switched to Electric and rates went through the roof.

Electric is a funny thing. When I bought my 2 bedroom townhouse 3 years ago and I told people it was 100% electric they responded "oh my god, that's going to be expensive!" But I've found the energy costs to be rather reasonable, especially since the rates here in Philly area are supposed to be some of the highest in the country.

After I bought the house I replaced the heat pump with an Energy Star model and new heat exchanger. Perhaps that was key. My highest electric bill to date was $170 and that was during January 2004 when temps were 6.2 degrees below normal. On an annualized basis my electric bill averages $100 a month. My cable bill is the same. So if I am paying the same for all energy as I am for cable/internet I can't complain.

Of course I have to add that my place is "only" 1200 square feet and new houses are frequently 3000, 4000 or even 5000+ sq ft. There's a lesson in that: bigger isn't always better. I never have to worry about "oh dear what's the electric bill going to look like?" Co-workers declare they pay $300-$400 just to cool their houses in the summer. I can't imagine that and I'm relatively high income.

Getting back to gas I would cry uncle if gas prices got to the $3.25/gal mark.

That's where fuel prices would affect my spending habits in a meaningful way. Prices may get there for a short while but I can't imagine them lasting at that level. Too many people live check to check and eventually they need to cut back on their gas demand unless they are willing to give up other things.

Gas is now $3.19 in many areas of California, msot running around $2.69.

Intererstingly here we are normally $1 below California and now we are exactly the same as California for the first time that anyone here ever recalls.

Gas is now $2.55 to $2.69 here and we can see the Refineries.

 

[mithrandir2001]

Originally posted by: BoberFett
Oh shoot, so you mean those poor people will have to pay the same high prices that the rest of us already pay for heat? I feel so awful for them. *violins*

When some people live so high and others so low, when you have that great disparity in income, that's when you sow the seeds for social unrest.

It's one of those things about American Capitalism that has me bugged. We're all God's Children, all men are created Equal in the eyes of their Creator, and yet the range of wealth between household to household is simply amazing. How can you not say it's immoral? "Equal opportunity, not equal outcomes". Yes, yes, but the range of outcomes must be compressed.

That's one of the purposes of the estate tax and it irks me so to hear the crazy Right talk about how morally repungent the "death tax" is. Nothing is more repungent than seeing Paris Hilton, who didn't earn a damn thing other than being born a Hilton, flaunt her wares on television when some children get fed a crap diet of carb- and fat-rich junk food because that's all their strapped parent(s) can afford.

 

[dmcowen674]

Originally posted by: mithrandir2001

Originally posted by: BoberFett
Oh shoot, so you mean those poor people will have to pay the same high prices that the rest of us already pay for heat? I feel so awful for them. *violins*

When some people live so high and others so low, when you have that great disparity in income, that's when you sow the seeds for social unrest.

BFT

Back to the topic, anyone have a valid reason for why the rest of the Country has caught up to California with Gas prices???

How can that possibly be?

 

[dmcowen674]

Cool Global Gas Price chart

Note: 75% pf the price in many Euro Countries is Tax.

They must be Socialist punks according to the P&N Elite.

I find it hysterical we are paying the same price as Cuba :laugh:

 

[charrison]

Originally posted by: BoberFett

Originally posted by: 3chordcharlie

Originally posted by: BoberFett

Originally posted by: GoPackGo

Originally posted by: BoberFett
I don't understand why y'all are so afraid of high gas prices. Think about how much better it'll be for the environment when gas is unaffordable.

Just think how great it will be when people freeze to death because they can't heat their homes.

Who still heats their homes with oil?

A rather large number of people...

Yeah, I found a page stating that around 8.1M homes still use oil for heat, mostly in the northeast. Guess it's about time for them to step forward into the 21st century.

The number of people using heating oil has been in a big decline over the past couple of decades.