Gas Prices

I was driving by LAX yesterday and saw a station with $3 gas, so not very long till $3

Ken

 

Ours went up to $2.59 from 2.35 overnight, and that is the cheapest in SD.

 

Recent (few years) gasoline prices look like a steady climb with short-term bumps. Before that is was a lot flatter. Which "regime" might hold in the future is hard to predict, especially with respect to the bumps. But since you are just polling the audience, I will "stake out" $3 one year from now 17 Mar 07. (USA average, not local price sightings)

If I were considering the big battery upgrade it would be very much on the basis of trip profile - what fraction of the miles are driven on trips shorter than the extended EV range. I would also look at my electricity provider's generation mix - a large proportion of coal burning would argue against. A roof covered with photovoltaics would argue strongly for.

 

Yeah, ours went up from $2.39 to $2.49 at the nearby Arco, and from $2.49 to $2.63 at the nearby Chevron. $3/gallon gas (as the norm, not the exception) is not too far off, IMO.

 

Actually, even with coal you would have a net CO2 reduction, especially if you're charging during off peak hours (which you would normally do to save money). It's all about base load.

 

It appears that the rich oil cos. & the Arabs are turning the screws tighter. They all should be hung from the nearest rafter for their filthy greed.

 

Rich Oil Companies and "Arabs" are doing what we're paying them to do. It's our greed for gas that's the problem.

 

Ours went up to $2.54 two Sundays ago...dropped to $2.49 last Sunday, but I'm expecting another spike today because the price of crude went up again.

 

I expect that by the summer we'll be hovering around 3bucks.

 

I would agree that it is going to be much sooner rather than later. I think it will be a constant $3 during the summer, drop down to $2.75 in the winter, then back up again to $3 in the early spring of 2007. From that point, I don't expect it to go below $3 again.


Here in Lubbock, over the last 10-14 days it went from $2.15 to $2.50. AAA has the current average as $2.43 compared to last months average of $2.27.

Link

 

i filled up for the first time in 5 weeks on what, tuesday i think. was a bit of a shock to get slapped with 2.49/gal... hadn't been watching prices closely. now it's up to 2.59 and steadily increasing from the look of it :angry:

 

Been there, Done that. It's been over $3 in LA off and on quite often. I think I paid $2.59 at Costco a couple of days ago. It will probably hit $3 again by summer.

 

Where I live there is NO mass transit to speak of. It's 10+ miles into town.I hardly consider myself greedy just trying to go to work and buy groceries, etc. When a co. makes BILLIONS of $$ profit in 3 months something's very wrong with that picture. If anything they should be doing their part to keep our economy from tanking. I personally can't afford any more $$ just to get around. I haven't got a raise in pay for 3 years. When gas was $2/gal. it was taking a toll in my house.

 

Yes and no. The oil companies and oil countries like the occasional price spike but this steady climb is NOT in their long term interest. Sustained high prices and volatility are VERY BAD for them because renewables/alternatives will become cost competetive or much cheaper than gasoline. That's why Exxon claims that peak oil is a myth. They don't want to cause panic and fear. That will expedite the shift away for gasoline much faster than them saying that there's plenty of oil.

 

My crystal ball is noteworthy for its inaccuracy, so I'm not even going to consult it. Sorry to be a spoil-sport. However, that won't prevent me from deviating from the question asked.

I'd like to offer up the thought that gasoline pricing will pale as a concern when the issue becomes that of availability. If you think gas at $3.00/gal is bad; what about gas either being unavailable and/or rationed to something like, say, 10 gallons/month?

Therein lies the real advantage of a Prius. If (when?) gas is rationed and/or when getting gas involves camping out in long lines, then, in that event, your Prius just increased in value (and in theft appeal).

This is what spoil-sports do.

 

The Kuwaiti oil minister announced that the major Kuwaiti oil field is now in declining production. The Saudis are reported to be pumping huge amounts of water into their major oil field in order to get more oil out of a diminishing resource.

3 dollars will seem like a bargain in a few years. As a flight instructor, I wonder how long we will be flying small airplanes. You think 3 bucks is high; a Cessna burns 8-10 gph and av gas goes for almost 4 bucks a gallon. Believe me, I think about the conflict between my environmental self and my pilot self.

I read that Exxon has yet to pay damages for Prince William Sound....shit for ethics, all of them.

B

 

Maybe not greedy but if you're 10+ miles from town and no public transport, you're gonna need lots of gas (or a horse).

How are the oil companies supposed to keep our economy from tanking?

 

It will go up right before Easter break.

Then it will come down a little, but not as low as beginning of the year.

It will go up into the $3 range through July/August.

Then it will come down again and stay down through Christmas and in to the new year. But not as low as the previous year.

Then it will steadily creep up again.

Their goal is $5 a gallon within 5 years.

No, I have NO facts. This is entirely speculation, prediction, guessing and abstract logic upon my part.

But you might want to bookmark this thread and see how close I come. Sometimes I'm really scarey.