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Summertime shocker: Gas could hit $3 a gallon
Chicago Sun-Times ^
| 1/16/04
| Lucio Guerrero
Posted on 01/16/2004 6:19:44 AM PST by Tumbleweed_Connection
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To: Tumbleweed_Connection
Mexico has the second highest oil reserves in this hemisphere --- we're making many deals with them --- giving them our jobs, taking in their poverty-stricken classes --- why not demand something in return? For all we're doing for them, they could give us oil and we should have cheap gas prices.
41
posted on
01/16/2004 6:49:10 AM PST
by
FITZ
To: philman_36
"What? Me Worry?"
42
posted on
01/16/2004 6:50:34 AM PST
by
Dallas59
To: arete
IF gas tops $3.00 per gallon next summer W will lose the election badly.
43
posted on
01/16/2004 6:54:27 AM PST
by
Beck_isright
(After 8 years of Caligula, we elected Nero.)
To: wingster
And I wonder what share of that $3.00 would be taxes? Now it's approximately half or so! Seems to me we'd be payin' about .75 cents/gal. right now if Uncle Sam didn't have "sticky fingers." Really? From what I can find, it looks like the Federal tax was 18.4 cents per gallon as of 1/1/03. Sure, there's some taxes between the well and the pump. But, 60 cents' worth? I doubt it but, I'm listening.
44
posted on
01/16/2004 6:56:35 AM PST
by
newgeezer
("...until the voters discover that they can vote themselves largesse from the public treasury.")
To: Thermalseeker
Even for the most destitute -- for whatever reason -- it boils down to a matter of choices. The ones who've already given up smoking, drinking, gambling, etc., and they're faced with whether to cut cable TV or Internet access, ... now I'm moved.
45
posted on
01/16/2004 6:58:50 AM PST
by
newgeezer
("...until the voters discover that they can vote themselves largesse from the public treasury.")
To: Wright is right!
Good point. Milk in my neck of the woods is about $3.40/gallon.
On the one hand, if my Pathfinder ran on milk, I'd be screwed.
On the other hand, if it DID run on milk, maybe it's waste exhaust product would be delicious custard.
Huh.
To: Tumbleweed_Connection
Didn't we have supply problems in early 2003 that caused us to dip deeper into the reserve tanks? Wasn't that caused by a virtual stoppage of oil being produced in Venezuala?
Chavez has weathered that storm and will likely not make the same mistakes this year. Plus, with Iraq back on track to start pumping crude in the next few months and OPEC's failure to deal with disobedient members, I can't imagine that a one year dip in supply will be so damaging that the larger production numbers by Venezuala, Iraq, and various other OPEC members will be causing a crude shortage by April or May.
To: wingster
$3.00 gas would bring in another .11 cents a gallon sales tax alone here in Cal. This will make the 'Rats happy...
48
posted on
01/16/2004 7:10:47 AM PST
by
tubebender
(Don't believe anything you hear and only half of what you see...)
To: newgeezer
In Colorado the total tax is 40 cents a gallon state and federal.
To: Petronski
Yes, and implicit in my 'build more refineries' is the imperative to change whatever is necessary to get new refining capacity online eventually, someday, soonest possible. Why would oil companies invest in more refineries if they can't get enough reasonably priced oil to fully utilize the ones they have now? Utilization is currently about 90% As the price continues to spike, oil use will decrease along with utilization.
50
posted on
01/16/2004 7:15:58 AM PST
by
palmer
(Solutions, not just slogans -JFKerry)
To: Tumbleweed_Connection
This will be a wholly dollar fall created increase. Right now the price per barrel is the equivalent of ~21.00\barrel oil 2-3 years ago. OPEC isn't stupid, if the presses keep firehosing out dollars the price has to rise...
51
posted on
01/16/2004 7:16:33 AM PST
by
Axenolith
(<tag>)
To: Tumbleweed_Connection
Yawn. We hear this every year.
52
posted on
01/16/2004 7:17:05 AM PST
by
zook
To: arete
Ping to my 51...
53
posted on
01/16/2004 7:20:11 AM PST
by
Axenolith
(<tag>)
To: Tumbleweed_Connection
$3.00 per gallon would just mean more time behind the wheel of the Triumph. That would be too bad, wouldn't it? :^)
54
posted on
01/16/2004 7:20:12 AM PST
by
T.Smith
To: Tumbleweed_Connection
The Saudis are hoping to get a rat elected in 04...They may be successful...
55
posted on
01/16/2004 7:20:43 AM PST
by
hope
To: biblewonk
LOL!
There was a rumor in Phoenix last week that the Kinder/Morgan pipeline had a small hole in it...It started gaslines in minutes...It turned out that the rumor was false, but it goes to show how little it takes for a panic.
56
posted on
01/16/2004 7:23:11 AM PST
by
hope
To: Tumbleweed_Connection
Wow, it's a bit early for the annual "gas is going to hit $3 a gallon" scare that always turns out wrong. It's especially odd to get the scare this early in an election, media must be bored with the election already.
57
posted on
01/16/2004 7:23:39 AM PST
by
discostu
(and the tenor sax is blowing its nose)
To: MichaelP
And the reserve will have little or no affect on our ongoing price.
To: Tumbleweed_Connection
This can be traced directly to the different kinds of gasoline now mandated by the all-knowing Feds.
To: CROSSHIGHWAYMAN
..."don't build a wind farm in my front yard."
Do you have some sort of problem with filet-o-bird?
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