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Gasoline to hit $3 a gallon: wanna make a bet?
Reuters ^
| Fri Aug 5, 2005 1:53 PM ET
| Richard Valdmanis
Posted on 08/08/2005 8:20:52 AM PDT by newgeezer
click here to read article
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To: newgeezer
Forgot to say it was $2.689 per gallon.
To: zzen01
But LA and ALL of the rest of CA deserves paying those prices for energy look what THEY keep electing to DC and Sacramento. Those states that have to pay for heating oil in the winter will be hurt worse.
22
posted on
08/08/2005 8:33:29 AM PDT
by
Nachum
Comment #23 Removed by Moderator
To: newgeezer
So what? I can afford $10 bucks a gallon!
Big whoop!
As long as there's no rationing, who cares?
< /sarcasm >
24
posted on
08/08/2005 8:34:12 AM PDT
by
Publius6961
(Liberal level playing field: If the Islamics win we are their slaves..if we win they are our equals.)
To: cripplecreek
I think the final determining factor will be worldwide usage. Which will be lower than people think. Remember, both India and China have started to impose excise taxes on less fuel-efficient cars, which will encourage Indian and Chinese citizens to buy more fuel-efficient cars (the Honda Fit, which started to be assembled in China in 2004, has become a hot seller there).
To: newgeezer
Gas is $2.29 here.
It is freaky how unleaded PREMIUM is a few bucks cheaper than regular.
It won't hit 3 bucks here, but it may in LA if it goes to $2.45 or so here.
That is what you get for living in California.
26
posted on
08/08/2005 8:34:58 AM PDT
by
rwfromkansas
(http://www.xanga.com/home.aspx?user=rwfromkansas)
To: newgeezer
yeah, outlying prices at a few stations do not count when most would not get their gas their anyway since the prices are 15 cents higher than surrounding areas.
27
posted on
08/08/2005 8:37:23 AM PDT
by
rwfromkansas
(http://www.xanga.com/home.aspx?user=rwfromkansas)
To: EagleUSA
"Where is the legislation we hear is coming to enable U.S. lands drilling in ANWAR and elsewhere???? Screw OPEC. The U.S. needs to minimize OPEC oil need NOW!!!"
I moved to the states a short time ago after spending 30 years in Alaska, '73-'03. You would really have to look hard up there to find ANYONE, native or white who is opposed to drilling in ANWAR. The main obstructionists are people who have never been there and have no idea what it is like other than the phony photos they see from "save the wilderness" morons. One of the favorite Alaskan bumper stickers for years has been one that reads: "Please God, grant us another pipeline. We promise not to piss it all away this time."
28
posted on
08/08/2005 8:38:03 AM PDT
by
commonasdirt
(Reading DU so you won't hafta)
To: Baynative
You will have to do your research, I remember listening to Richerson on eithe meet the press or fox during the last year of the clinton era. Little was ever said but I am sure a lexus/nexus or detailed search would uncover it.
29
posted on
08/08/2005 8:38:40 AM PDT
by
edcoil
(Reality doesn't say much - doesn't need too)
To: trubluolyguy
I don't see what will stop the oil companies from charging $3 or even $5 per gallon. Heck why stop there? Why not $10 per gallon?Because they'd price themselves out of the market as people find new ways to use less of it. That's why.
When investors start getting hurt by it, then Congress will say, "gee I think we might have to look into the gas prices."
It seems you're saying the rise in gasoline prices is just a conspiracy by big oil.
30
posted on
08/08/2005 8:39:30 AM PDT
by
newgeezer
(Just my opinion, of course. Your mileage may vary.)
To: newgeezer
Drilling in ANWAR is not going to bring prices down. It will take many years after drilling before oil can flow. Prices will probably be around 5.00 a gallon by then.
The only relieve, although temporary, is to remove all taxes on gasoline and fix prices by Federal law. Another problem is to remove all gasoline mixtures and allow only one. Next is to allow only the low and highest octane of fuel and eliminate the middle rating. Most all cars can burn low octane and it would take many years for it to do any damage to the car. Valve clatter and a slight loss of power could be a nuisance, but so what. Oh, I hear the screams from the oil industry now, but just look at their soring profits. This is a national security problem.
31
posted on
08/08/2005 8:40:10 AM PDT
by
Logical me
(Oh, well!!!)
To: Trust but Verify
We are approaching the point....maybe just 10 cents from now.....where the gas price really is inflated. Until now, supply and demand were just working their forces and gas was just getting more in line with what we should be paying with price increases/CPI index increase over the years etc. We were living with extremely below-price gas for a long time.
If we don't hit $3 in the heartland this year for gas, we may do it next year....the gas just keeps going up with every year.
32
posted on
08/08/2005 8:40:20 AM PDT
by
rwfromkansas
(http://www.xanga.com/home.aspx?user=rwfromkansas)
To: All
Until people realize that driving an SUV with 1 or 2 people in it is not exactly "fuel efficient", gas prices will continue to remain high.
33
posted on
08/08/2005 8:41:04 AM PDT
by
Hoboto
(I blame Hippies.)
To: trubluolyguy
No one is going to do anything about it until the gas prices start hurting the market. When investors start getting hurt by it, then Congress will say, "gee I think we might have to look into the gas prices." Congress will fight that tooth and nail. If the government admits that gas prices are really starting to hurt, then they will have to admit the this years CFI is total baloney (much like every years).
Do that and the whole house of cards might just fall in.
34
posted on
08/08/2005 8:41:21 AM PDT
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
Comment #35 Removed by Moderator
To: Tall_Texan
They don't have any electricity in Iraq, to run anything.
36
posted on
08/08/2005 8:42:13 AM PDT
by
stuartcr
(Everything happens as God wants it to.....otherwise, things would be different.)
To: cripplecreek
Eventually, alternative forms of energy will come about once folks have had enough, but it will take awhile.
37
posted on
08/08/2005 8:42:14 AM PDT
by
rwfromkansas
(http://www.xanga.com/home.aspx?user=rwfromkansas)
To: RayChuang88
Most people in a survey on the news said they would not start driving less until about $2.80-3.00 or so.
38
posted on
08/08/2005 8:43:02 AM PDT
by
rwfromkansas
(http://www.xanga.com/home.aspx?user=rwfromkansas)
To: zzen01
Oh really.. well you can look for raising food prices coming your way soon, the higher fuel coast the higher everything else goes.
To: newgeezer
Does anyone know how much a gallon of regular would be without any taxes?
40
posted on
08/08/2005 8:44:33 AM PDT
by
stuartcr
(Everything happens as God wants it to.....otherwise, things would be different.)
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