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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

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To: Black Tooth
So will those that live in cold weather states deserve paying even higher prices for heating oil this winter?

You remind me of a bumper sticker I saw years ago Down South, "Drive 90, Freeze a Yankee" Sigh.

81 posted on 08/08/2005 9:13:15 AM PDT by sportutegrl (People who say, "All I know is . . ." really mean, "All I want you to focus on is . . .")
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To: biblewonk

LOL...Yep they'll go from just being an organ to become an organ donor.


82 posted on 08/08/2005 9:14:04 AM PDT by Squantos (Be polite. Be professional. But, have a plan to kill everyone you meet. ©)
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To: biblewonk
3.00 per gallon will be fun. More bikers, more motorcycles, people may actually quit buying SUV's.

Lately I've been seeing a lot of SUVs on the side of the road with For Sale signs on them. When gas hits $3.00 a gallon the For Sale signs will change to "Free To A Good Home" signs.

83 posted on 08/08/2005 9:14:32 AM PDT by LPM1888 (What are the facts? Again and again and again -- what are the facts? - Lazarus Long)
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To: sportutegrl
How about until car manufacturers design a car that can legally carry 4 or 5 children on one row of seat. With parents having greater than twin multiples and carpooling, 4 and 5 children in a car and in carseats is not uncommon. Yet Detroit continues to design cars that can hold a max of 4 adults and even fewer children, since kids can't ride in the front. A tiny subcompact should be able to be easily modified to carry 6 kids in specially designed carseats. (Think optional specially designed modular back seats.) It has the room and can easily carry this payload. Where is this car?

Dozens of 4 and 6-cylinder minivans and wagons to choose from.

Geez....how did we ever survive without SUV's??!! ;-)
84 posted on 08/08/2005 9:15:12 AM PDT by Hoboto (I blame Hippies.)
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To: trubluolyguy
I don't see what will stop the oil companies from charging $3 or even $5 per gallon. It is Federal and State Taxes, Environmental costs, Cost to Refine..that add to cost at the pump.

"Big Oil" is a MYTH as far as price at the pump is concerned.

More people should check the facts about where gasoline comes from, how much it costs to find the stuff, get it out of the ground, get it to a refinery, refine it, get it distributed..they would realize that "BIG OIL" is being used as a Fall Guy...for bad Government policies.../B>

85 posted on 08/08/2005 9:15:57 AM PDT by Iron Matron (Illegals should be Caught and Deported; not Released and Supported!)
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To: Zavien Doombringer

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/petroleum_supply_monthly/current/pdf/table37.pdf

You may want to update your source of information about where we get our crude oil. See these May, 2005 numbers. Saudi leads the pack of OPEC countries, with Venezuela a close second. Almost half of our crude is being imported from OPEC countries.


86 posted on 08/08/2005 9:16:16 AM PDT by EagleUSA
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To: stuartcr

I think so but am not 100% sure.


87 posted on 08/08/2005 9:17:06 AM PDT by rintense
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To: Logical me
The only relieve, although temporary, is to remove all taxes on gasoline and fix prices by Federal law.

The first problem I have with that is the Fed gov't sticking its nose into matters of state gov't. The second is that it's illogical and a solution looking for a problem. Mandating the removal of taxes is just going to add to the problem of high demand. People who do not wish to pay the going price simply need to use less of it. Carpool, move closer to work, work closer to home, etc. That's how we get price relief. We quit using so much of the stuff. Apparently, high prices is the only way that's going to happen.

Another problem is to remove all gasoline mixtures and allow only one.

If you mean the 'boutique' blends forced on us by the EPA and the envirowhackos, I agree 100%. We need perhaps one 'dirty' fuel for the boonies, and one cleaner fuel for the metro areas. Elevation might dictate some other needs but, again, that's market-driven instead of letting the envirowhackos have their way.

Next is to allow only the low and highest octane of fuel and eliminate the middle rating.

Let the market decide that. Many retailers sell only two grades already. If additives (e.g. ethanol) aren't involved, the mid-grade (where you find one) is often just a mixture of the other two.

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.

Actually, I just heard on the radio again this past weekend that most of the newer cars which "require" premium are computerized to such an extent that they will automatically detect predetonation ("ping") and retard the spark to eliminate it. Thus, those cars only require premium to achieve their best acceleration. If you don't mind somewhat-reduced performance -- e.g. maybe that Beemer will take an extra second or two to get to 60 MPH at full throttle -- you can use Regular without damaging anything. Interestingly, although our Lincoln required 91 octane, we always ran 89.5 (even 87 once by mistake) and never once heard a ping at other than full throttle.

This is a national security problem.

While our dependence on foreign oil is indeed a national security problem, the price of gasoline is not, no matter how high it gets.

88 posted on 08/08/2005 9:19:10 AM PDT by newgeezer (Just my opinion, of course. Your mileage may vary.)
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To: Extremely Extreme Extremist
Yeah, a family of 5 will ride on a motorcycle.

I have 8 kids.

89 posted on 08/08/2005 9:19:18 AM PDT by biblewonk (They are not gods which are made with hands.)
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To: rwfromkansas
”Well, why hasn't Bush pushed for more refineries if the solution is that simple?”

I read that he has on FR about 6 months ago. It will still take years to build them even know he is waving a lot of the environmental ‘concerns’

90 posted on 08/08/2005 9:19:25 AM PDT by Steve Van Doorn (*in my best Eric cartman voice* “I love you guys”)
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To: stuartcr

Varies by state. In the state of Texas it would be 38.4 cents less per gallon.

In your state, Virginia its 18.4 cents federal tax and 18.9 cents state (state taxes as of 2002). According to the American Petroleum Institute http://api-ec.api.org/AdvancedSearch.cfm

Virginia has a 17.5 cent tax plus a 0.6 cent per gallon storage tax plus a 2% sales tax in regions that are part of or contiguous with the Northern Virginia Transportation District (whatever that is)


91 posted on 08/08/2005 9:20:20 AM PDT by NYorkerInHouston
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To: Hoboto
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

Until people realize that we should not depend on FOREIGN OIL..Nor listen to enviro-nuts who know nothing about the Highly Natural Occuring Product..Crude Oil..gas prices will continue to remain high.. People really should do a bit of research on the industry. Try WTRG.com

92 posted on 08/08/2005 9:20:28 AM PDT by Iron Matron (Illegals should be Caught and Deported; not Released and Supported!)
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To: Black Tooth
Instead of fun, your going to see a whole lot of unhappy people.

That's the fun part. 3.00 per gallon shouldn't surprise anyone.

93 posted on 08/08/2005 9:20:42 AM PDT by biblewonk (They are not gods which are made with hands.)
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To: trubluolyguy
Congress will say, "gee I think we might have to look into the gas prices."

Congress and POTUS have zero influence on gas prices unless they cap them in which case the supply will fall to zero as in the late 70s.

Is that what you want ??


BUMP

94 posted on 08/08/2005 9:21:12 AM PDT by tm22721
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To: newgeezer

Gasoline is already over $3 a gallon, if you go by imperial gallons, not the quart short American gallon.

An imperial gallon costs $3.91 (USD) in Canada ($4.75 Canadian dollars)
A U.S. Gallon would cost $3.31 (USD) in Canada. That's because gasoline taxes are that much higher in Canucky land.

So, as you can see, things could be worse. $2.60 for a US gallon ($3.25 for an imperial gallon) isn't all that bad.
Economically, the USA is the cheapest place to do business as far as energy costs go.

In Europe, and the UK, gas could cost you $6 or more for an imperial gallon.


95 posted on 08/08/2005 9:21:19 AM PDT by Nathan Zachary
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To: MikeWUSAF
Yeah, it is kind of hard to tow a boat or haul mulch with a motorcycle.

Sell the boat and save your leaves.

96 posted on 08/08/2005 9:21:52 AM PDT by biblewonk (They are not gods which are made with hands.)
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To: LPM1888
Lately I've been seeing a lot of SUVs on the side of the road with For Sale signs on them. When gas hits $3.00 a gallon the For Sale signs will change to "Free To A Good Home" signs.

LOL!!!

97 posted on 08/08/2005 9:22:47 AM PDT by biblewonk (They are not gods which are made with hands.)
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To: rwfromkansas

With all the environmental wackos that forced all these laws and prices on us Americans, where are they in forcing China to grow without oil like they try with us.


98 posted on 08/08/2005 9:23:10 AM PDT by edcoil (Reality doesn't say much - doesn't need too)
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To: Hoboto

Childless Sportute bashing. The other day I went to drop my son off at preschool. I put him and the baby in carseats, drove to preschool. Took out two kids from carseats, went inside, Came back out with one baby, back in the carseat. Went home, and took out baby. Six car seat wranglings just to drop off. Repeat at end of preschool to pick up. Just imagine trying to bend all the way over to the ground with a 35 pound baby in a tiny car versus the higher SUV. Carseats and small cars were apparently designed as torture devises for mothers. No one is designing cars and carseats with a mothers comfort. If they were, babies would be able to ride in the front next to mom.


99 posted on 08/08/2005 9:23:44 AM PDT by sportutegrl (People who say, "All I know is . . ." really mean, "All I want you to focus on is . . .")
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To: Hoboto
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.

Try doing a little Math. Take the cost of a New Chevy Tahoe, use 12,000 miles per year, include average financing, insurance, maintenance and depreciation over 4 years. Look at the total cost per mile at $1.50 and $2.50 per gallon of gasoline. The change in cost per mile is about 10%. Not enough to drastically change behavior and preferences.

100 posted on 08/08/2005 9:25:29 AM PDT by thackney (life is fragile, handle with prayer)
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