Posted on 03/04/2005 7:45:04 AM PST by Quick1
Gasoline prices are about to go through the moon roof. One analyst predicts a 24-cent-a-gallon increase in the next few days and other experts say average prices could go as high as $2.50 a gallon this summer, the peak driving season.
"$2 a gallon we think is easily within reach and probably in the next couple of months," the American Automobile Association's Robert Sinclair told CBS Radio News.
Tom Kloza, senior analyst at the Oil Price Information Service, expects the jump much sooner: The end of this month. "Petronoia is in full flower," he told USA Today, but added he's not sure if prices will stay over $2 a gallon, or retreat as they did last fall.
Fuel-watchers say the main culprit is global demand, which briefly pushed the price of a gallon of crude oil as high as $55 a barrel Thursday. That's the highest level since last October.
(Excerpt) Read more at cbsnews.com ...
Oops, my fault. I must have logged on to DU by mistake.
Drilling ANWAR by itself might not, but add that to the huge reserves in California that can't be touched and at the margin it would make difference.
When car makers start making smaller cars that can accomodate bigger people, maybe more truck driving men will switch to cars. Right now, we shop for cars by having my husband sit behind the wheel, and frankly, aside from some full size models, he just doesn't fit comfortably enough to drive more than one hour. Even most of the medium sized SUVs are too small. He's six'6" and either his head hits the roof or his knees hit the dash.
When I pull up next to one of those SUV pretenders in my Expedition, I think of that line from Crocodile Dundee when he says "That's not a knife, THIS is a knife."
Sorry about that. This thread is just getting on my nerves. I am not used to seeing all these conspiricy theories and requests for government intervention on this site. Are people bailing on their principles when it hits their pocket book?
It's been $2 a gallon here since last fall and likely to go higher because it will soon be time to change to our "summer" blend, thanks to the EPA and a couple of bad air days foisted on us by winds blowing north from Chicago.
I don't care about the price of crude oil in the rest of the world. I care about the price of oil and gas HERE. We have off shore wells sitting idle, and land locked wells also sitting idle because of socialist environmental laws making the USA dependent on the world market.
WE need to use the resources WE have to affect the price of oil and gas HERE, the rest of the world can pay the highest prices for middle east oil.
WE have to build better, modern refineries. We have had our hands tied by the left and have not even built or updated our electricity generating plants.
ALL of this has hurt US and driven up the price of EVERYTHING we buy. I am not saying screw the environment we need to be responsible with our natural resources and protect our national forests. but restricting upgrades and new facilities for energy production because it might hurt a frog or moth is really stupid.
No problem, I will.
The Jags are the funniest. Although attractive in design, the dealers displayed them with the front seats jammed all the way back against the back seats, and they still were not comfortable!
It is an interesting question that's slowly being raised if eminent domain could be applied to patents.
My husband has always wanted a Corvette and when he finally had the money to buy one, he went to the dealer and he couldn't even get inside the car. He was so disappointed, then he tried a Porche with the same result.
Not much unfortunately, though we should be building nukes. Problem is nuclear is an electrical generating power source, whereas very little oil is used for electical generation- we shifted away from that in the 1970s.
We use oil for:
Motor vehicles- 9 million barrels a day
Airplanes- 1.6 million barrels a day
Distillate fuel oil- 4.1 million bbl/day
Residual fuel oil- 0.8 million bbl/d
http://www.eia.doe.gov/emeu/cabs/usa.html
That accounts for 76% of the total according the above source with the remaining 24% I suppose going into feedstocks for industrial chemicals and goods such as pesticides, fertilizers, pharmaceuticals and plastics
Now some feedstocks are obtained from natural gas and coal and suppose we might be able to shift that away from oil even further. For motor vehicles we might over time be able to shift from gasoline and diesel to a combination of biodiesel, hydrogen, batteries. As for the airlines- I think in their current form they are in deep trouble. I don't know of any way to power a plane without using oil based fuels.
Hey Rockin,
I found this site years ago:
http://www.ohio3rdfrontier.org/
Well, that's not a very hopeful picture is it?
On the bright side, we would probably save enough on our utility bills (nuke energy) to be able to afford gas for our cars. LOL.
This is funny. 24 cents? Ha! In washington state the price has already gone up 32 cents in the last two months.
>>Yesterday morning $1.82
Yesterday evening - the same station $2.09 at 4 pm and $2.99 this morning.<<
They are gouging.
The price normally reflects the price paid for the last tanker of gas. Getting two tankers in less than 24 hours is a bit odd...
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