When will gas hit $3.00 again, and how high will it go?

Debunking The War For Oil Theory - Right Wing News (Conservative News and Views)

Some reading for hill and the other war for oil nuts

 

No argument there. People have short memories...when gas goes up, sales of small/efficient cars increases.

Chuck

 

Remember what else happens when gas gets that high? Costs of everything goes up. People go broke. Sounds great doesnt it

 

I don't particularly care if the vehicle is currently in production or is only slated for production in the coming years.

You asserted that the technology doesn't exist and that "we are a long way from that ever being practical". That is simply false.

Now you can move the goalposts again, or you can simply admit you made a mistake.

 

Local farmers benefit from high gas prices because they do not have to ship around the world. They can sell locally and survive. Besides there is always a need for food. I agree the cost will go up but people have to eat. My dream is to have gasoline costs surpass that of the alternatives. I support government control (tariffs) over imports including oil. American workers cannot compete with workers in countries that have no environmental laws and worker safety regulations. PERIOD

 

I made a mistake how Politburo. The technology is not available to the public. Its in test phases only. Yes it exists. But can you use it? The answer is no?

Is it cost effective? We dont know that yet for sure? But not likely

 

Local farmers benefit from high gas prices because they dont have to ship around the world?

How so?

They can sell locally and survive. Yes they do already. They sell locally and overseas.

This still does not explain how High gas prices benefit farmers. Or the consumer for that matter.

 

Have any of you ever seen a farmers fuel bill? What it costs to run farm equipment? After reading your comments I will say no.

The high fuel costs of a year and a half ago caused farmers to go bankrupt. Many to never recover

 

My local farmers do not have a fuel bill. They live with nature not against nature. They are Amish. :jaw:

 

So thats the best argument you have. Is go back to the preindustrial age with farming LMAO!!!

 

The fuel bill for my former farmer was not that large. The largest operating expense was labor -- all harvesting was by hand -- followed by seeds (~$10k). Fuel wasn't too high on the list from what I recall, but this clearly was not an industrial farm.

But you already knew that, because you're able to read minds through the internet.

 

How many acres did you farm? What was your crop? How many illegals did you employ?

 

Unfortunately, that sort of low-impact farming won't feed 6 billion people...

 

It is counter intuitive. We are in a depression now, nobody buys gasoline much, gas prices are depressed even though you may think $3 is a lot of money.

If unemployment eases up, say everyone has a job. We'll all buy houses again. Housing prices will go up. We'll all buy cars. We'll all buy gasoline. There is no way we can have a recover if gas prices stay at $3. When people have more money, they will buy more gas, and since the supply of gas is fixed, gas prices will go up in any recovery.

The only way for gas to say $3 all year in 2010 is if the depression continues and continues. If gas prices go to $2 a gallon, we will be in a severe depression. If gas prices go to $4, we will be in a recovery.

It is better to have a job and pay $4 for gas, then to not have a job, and have to pay $2 for gas. So I hope the gas prices will go up - so we will all be in recovery and complain about prices while holding down jobs.

I have no money invested in oil/gas etc so I won't make any money if gas goes to $4. I am not wishing for $4 gas to make money myself.

 

The inverse of this contrapositive is not a sure thing. Gas could go to $4 while the economy stays in recession, as there are many factors affecting gas prices.

Tom

 

You are absolutely right and a lot of people posting on here apparently don't get it.

We have borrowed money from many countries and they currently are holding so much of our debt that the value of our dollar on the world markets is in serious jeopardy. If our dollar ever stops being the world standard for exchange than look out at he gas pump. $10 or more a gallon could become a reality overnight.
2009 already saw discussion changing the pricing of oil
from dollars to a market basket of currencies.

The current weakness in the dollar is why we are seeing almost $3 a gallon gas now while most of the world is currently in a depression. Look at gold and silver. Up and down yes but around a 20 to 25% increase in price in the last 6 months.

 

Could but won't - and gas could also go to $2 in a recovery, but won't.

The reason: our economic infrastructure (including the "new economy" of Google & Apple) is still largely tied to fossil fuels - and until we have a structural change there (we're en route, but it will take many years), demand will be strongly tied to economic activity. And since supplies are relatively fixed and increase as prices rise (moderating the influence of supply), that means demand (economic activity) will be the main influence on prices.

That said, there will be lots of volatility (especially if investors think oil is an opportunity for greater returns), and the refiners will use their market leverage to keep gasoline higher whenever possible, regardless of how cheap oil gets. We probably won't see $2 gas again - ever - but I'm not worried about $6 gas anytime soon either. Unfortunately that removes the incentive to make those structural changes which would also limit the carbon impacts on climate.

 

Partly contributing to the lower prices is that people who don't have jobs don't have a commute anymore, so they buy less gas.

My dad's a perfect example of that. The company he was at shutdown so he now buys gas only once a month. Previously, his commute was ~22 miles, one way that he made in his 02 RAV4.

 

I think the best system would be where gasoline is taxed such that it remains at a constant $3.50/gallon to CONSUMERS. Commercial and industrial uses would be untaxed, as they generate economic growth. If the true cost of gas approached $3.50, then instead of paying $7.00/gallon, the government could cut out its tax on gasoline so the price would remain stable at $3.50/gallon. Consumers would be partially unaffected by gas prices in that case. They would still have to pay more for food and goods as the cost of industrial/commercial fuel went up. However it would send the country into less of a tail-spin than what happened in 2008. The government considered then eliminating the gas tax to help consumers but ultimately decided against it as losing 18 cents off $4.00/gallon would not help much.