Here we go again with gas prices...

KingOfJericho · 03-07-2011, 11:46 AM

Quote:

Originally Posted by Freakazoid

I can tell you this much, watching the airfare prices go up, I'm sure as fuck not flying any time soon....

Just booked my Sept trip to Hawaii thinking the same thing. Prices haven't budged in the last 3 weeks but I have a feeling they'll start tacking on surcharges pretty soon.

dth656 · 03-07-2011, 11:48 AM

[QUOTE=bolinp78;9071288]If you are complaining about $4.00/gallon (which, in the big picture is cheap), just wait until the oil companies have their taxes increased ten fold to make way for the new green energy revolution that is so important to everyone that doesn't have a clue about how economics work.

When the cost of extracting/refining that fuel you think is so expensive goes up astronomically, you'll be the one paying for it. But at least the tax dollars will be going to support the new energy revolution! The people in power right now have no earthly idea how to even spell energy policy, much less enact a policy with a LONG TERM FOCUS. They want to tax the big bad oil companies (while also taxing the smaller ones that cannot afford to shoulder the tax increases) so that they can prop up and accelerate their green energy. They don't have the intelligence or foresight to understand or see is that you can't just hopscotch from one energy source to the next. It's going to be years before any sort of infrastructure is in place that can support more greener forms of energy en masse. What sources of energy are you going to use while we move towards the green?

I almost stopped right when I saw that you were blaming 'greedy oil companies' but this thread just has so much potential I couldn't help myself. Drilling here is not the solution? You sound clueless. Do you also need a lesson on the ramifications of China holding a vast amount of our debt?[/QUOTE

OPEC has actually increased production (Saudia Arabia for one example) to cover any loss of production from Libya. The oil production supply chain is months long, and any immediate loss of production theoretically shouldn't be felt for quite some time.

and of course oil companies are to partially to blame as well, they aren't going to leave "money on the table" (to use an economics term) if they think external events can be used to justify a price spike. even worse than them, however, are the commodity traders and other speculators that drive up the price of oil for pretty damn tenuous reasons.

newdadkel · 03-07-2011, 11:49 AM

inb4 move to politics/religion

NYCGP · 03-07-2011, 12:06 PM

Lol.... Oil reserves

http://exploredia.com/oil-reserves-by-country-2011/

WingZeroX5 · 03-07-2011, 12:16 PM

nationalize it, one way to get out of the deficit too

ghosthi32 · 03-07-2011, 12:45 PM

invade canada?

BTM · 03-07-2011, 12:46 PM

Quote:

Originally Posted by ghosthi32

invade canada?

richardbb85 · 03-07-2011, 12:58 PM

arent we still paying wayyy less than other countries? that one way i look at it

and one night less at the bar will cover up my 2 weeks gas, not hard to do

Feyd · 03-07-2011, 02:30 PM

Or you could do what I did and buy a Diesel to save on fuel costs...

Then go to run a work errand this morning and get stuck behind some dumb bitch in the pasing lane driving 62 MPH while texting and swerving all over the road. Who then proceedees to swerve far enough off of the left shoulder to hit a ~36" piece of corrugated steel launching it into the air with a flight trajectory right at my windshield.

Nearly being decapitated at 8AM is kind of a shitty way to start the work week BTW.

Car has 980 miles on it.

At least I was able to evade enough that it missed the $1100.00 headlight..... but yeah so much for reducing my yearly auto expenses. Body shop says $568.00.

NYCGP · 03-07-2011, 03:35 PM

Damn... you should have rescheduled..

That sucks.

OC Guy · 03-07-2011, 03:50 PM

It is not only the price of gas you pay at the pump but the cost of everything else goes up as well. Petroleum products, groceries, etc.. It shows how many people here are still live at home and have no other bills other than their own auto gas bills.

Hawkeye · 03-07-2011, 04:38 PM

We do pay less than other countries so we don't have it too bad.

I just have to drive my 10mpg truck less

ZJP · 03-07-2011, 04:57 PM

I drove past a Shell station yesterday and saw $4.17 for Premium and did a double take.

Wakka · 03-07-2011, 05:20 PM

put 40$ in my tank a few days ago and seriously just figured that was a full tank. Barley had 3/4 full. I was confused, till i looked at the prices of gas.

Memphis1 · 03-07-2011, 06:30 PM

Quote:

Originally Posted by Georgeair

Whatever.

For the average person using 600-800 gallons per year another dollar per gallon isn't really an issue. Not that you'd know it from the overhyped bullshit leading every newscast for the past two weeks!
Gimme a break!

^^He's right...

i use 650 gallons on average.... at 3 it's 2k; at 4 it's 2.6k; at 5 it's 3.25k that works out to roughly $20 difference a week from $3 to $5... no biggie.

aretardedorange · 03-07-2011, 07:51 PM

$4.98 in NY OH YEAH :sigh.

But seriously why all the whiners? I saw on the news tonight how people are "Driving Slow" to save gas.

. How about you stop drinking that $3 coffee every morning? Or how about that $5 sub for lunch everyday?

pt · 03-07-2011, 08:36 PM

Quote:

Originally Posted by bolinp78

I almost stopped right when I saw that you were blaming 'greedy oil companies' but this thread just has so much potential I couldn't help myself. Drilling here is not the solution? You sound clueless. Do you also need a lesson on the ramifications of China holding a vast amount of our debt?

Do we have enough oil here to substantially move the needle? Serious question - I'm not sure how much untapped reserve is out there.

Natgas would be a reasonable transition fuel if people were serious about breaking the dependency on oil. This is certainly not the case though. (And the answer to the question above would determine the impact on oil prices if we started to turn to our supply of gas instead.)

TunedM2C · 03-07-2011, 10:39 PM

Small Yellow · 03-08-2011, 01:13 AM

4.19 where I live now. I drive like 500+ mi every week... gas bill per month is around 600... its really pissing me off

ghosthi32 · 03-08-2011, 01:16 AM

Quote:

Originally Posted by aretardedorange

$4.98 in NY OH YEAH :sigh.

But seriously why all the whiners? I saw on the news tonight how people are "Driving Slow" to save gas.

. How about you stop drinking that $3 coffee every morning? Or how about that $5 sub for lunch everyday?

arent you like 17?

.:bHd:. · 03-08-2011, 01:20 AM

Quote:

Originally Posted by aretardedorange

$4.98 in NY OH YEAH :sigh.

But seriously why all the whiners? I saw on the news tonight how people are "Driving Slow" to save gas.

. How about you stop drinking that $3 coffee every morning? Or how about that $5 sub for lunch everyday?

lol ur an idiot

Blake · 03-08-2011, 01:22 AM

i love when gas prices shoot up. let's get more people off my road and in the bus plz.

03-07-2011, 11:48 AM	#24
dth656 First Lieutenant 37 Rep 399 Posts Drives: e90 330i Join Date: Dec 2006 Location: ASCII iTrader: (0)	[QUOTE=bolinp78;9071288]If you are complaining about $4.00/gallon (which, in the big picture is cheap), just wait until the oil companies have their taxes increased ten fold to make way for the new green energy revolution that is so important to everyone that doesn't have a clue about how economics work. When the cost of extracting/refining that fuel you think is so expensive goes up astronomically, you'll be the one paying for it. But at least the tax dollars will be going to support the new energy revolution! The people in power right now have no earthly idea how to even spell energy policy, much less enact a policy with a LONG TERM FOCUS. They want to tax the big bad oil companies (while also taxing the smaller ones that cannot afford to shoulder the tax increases) so that they can prop up and accelerate their green energy. They don't have the intelligence or foresight to understand or see is that you can't just hopscotch from one energy source to the next. It's going to be years before any sort of infrastructure is in place that can support more greener forms of energy en masse. What sources of energy are you going to use while we move towards the green? I almost stopped right when I saw that you were blaming 'greedy oil companies' but this thread just has so much potential I couldn't help myself. Drilling here is not the solution? You sound clueless. Do you also need a lesson on the ramifications of China holding a vast amount of our debt?[/QUOTE OPEC has actually increased production (Saudia Arabia for one example) to cover any loss of production from Libya. The oil production supply chain is months long, and any immediate loss of production theoretically shouldn't be felt for quite some time. and of course oil companies are to partially to blame as well, they aren't going to leave "money on the table" (to use an economics term) if they think external events can be used to justify a price spike. even worse than them, however, are the commodity traders and other speculators that drive up the price of oil for pretty damn tenuous reasons. __________________ go bears
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03-07-2011, 11:49 AM	#25
newdadkel Private First Class 60 Rep 192 Posts Drives: 2011 X6M CBM Join Date: Nov 2010 Location: Texas iTrader: (0)	inb4 move to politics/religion
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03-07-2011, 12:06 PM	#26
NYCGP WTF are you looking at? 257 Rep 1,560 Posts Drives: Bandwagon Join Date: Jan 2011 Location: Jungle iTrader: (0)	Lol.... Oil reserves http://exploredia.com/oil-reserves-by-country-2011/ __________________ "It is better to be hated for what you are than loved for what you are not." -André Gide
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03-07-2011, 12:16 PM	#27
WingZeroX5 Colonel 781 Rep 2,362 Posts Drives: F80 / F30 Join Date: Mar 2010 Location: New Hampshire iTrader: (14)	nationalize it, one way to get out of the deficit too
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03-07-2011, 12:45 PM	#28
ghosthi32 Banned 39 Rep 2,504 Posts Drives: Water camel Join Date: Dec 2009 Location: strait of hormuz iTrader: (0)	invade canada?
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03-07-2011, 12:58 PM	#30
richardbb85 Lieutenant Colonel 105 Rep 1,652 Posts Drives: e92 m3 Join Date: Apr 2010 Location: annandale, va iTrader: (0)	arent we still paying wayyy less than other countries? that one way i look at it and one night less at the bar will cover up my 2 weeks gas, not hard to do __________________ 2011 E92 Space Grey/black + Tech + Premi + Heated Seats
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03-07-2011, 02:30 PM	#31
Feyd Major 366 Rep 1,288 Posts Drives: a DEEZZULL Join Date: Aug 2007 Location: Chicago, IL iTrader: (2)	Or you could do what I did and buy a Diesel to save on fuel costs... Then go to run a work errand this morning and get stuck behind some dumb bitch in the pasing lane driving 62 MPH while texting and swerving all over the road. Who then proceedees to swerve far enough off of the left shoulder to hit a ~36" piece of corrugated steel launching it into the air with a flight trajectory right at my windshield. Nearly being decapitated at 8AM is kind of a shitty way to start the work week BTW. Car has 980 miles on it. At least I was able to evade enough that it missed the $1100.00 headlight..... but yeah so much for reducing my yearly auto expenses. Body shop says $568.00.
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03-07-2011, 03:35 PM	#32
NYCGP WTF are you looking at? 257 Rep 1,560 Posts Drives: Bandwagon Join Date: Jan 2011 Location: Jungle iTrader: (0)	Damn... you should have rescheduled.. That sucks. __________________ "It is better to be hated for what you are than loved for what you are not." -André Gide
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03-07-2011, 03:50 PM	#33
OC Guy General 558 Rep 18,123 Posts Drives: AW 335D E90 Join Date: Oct 2006 Location: Irvine/Aliso Viejo, CA iTrader: (9) Garage List 2007 335i [0.00]	It is not only the price of gas you pay at the pump but the cost of everything else goes up as well. Petroleum products, groceries, etc.. It shows how many people here are still live at home and have no other bills other than their own auto gas bills. __________________ Current: 2010 Alpine White 335D LCI l 19" BBS LMs l KW V2 Coilovers l BMW Performance Grilles l MSport Front/Rear l Karbonwerke Trunk l F1 Pinnacle Tint 35% Former: E92 Space Grey 335i Latest pics
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03-07-2011, 04:38 PM	#34
Hawkeye Brigadier General 2065 Rep 4,365 Posts Drives: '07 Z4 Coupe, '21 X3, '16 GMC Join Date: Aug 2007 Location: Iowa iTrader: (0) Garage List 2016 GMC Sierra SLT [10.00] 2008 Yamaha R6 [9.00]	We do pay less than other countries so we don't have it too bad. I just have to drive my 10mpg truck less __________________ 2007 Z4 3.0si Coupe • 6 MT • Black Saphire Metallic • PP • SP 2016 GMC Sierra SLT Z71 Premium Plus 4x4 2017 Harley StreetGlide • Denim Black • V&H Tune 2021 BMW x30i • Phytonic Blue Metallic • Fully loaded
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03-07-2011, 04:57 PM	#35
ZJP Lieutenant Colonel 136 Rep 1,759 Posts Drives: F10 535xi / B6 S4 Join Date: Jan 2008 Location: LI, NY iTrader: (7)	I drove past a Shell station yesterday and saw $4.17 for Premium and did a double take.
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03-07-2011, 07:51 PM	#38
aretardedorange Banned 172 Rep 609 Posts Drives: E60 Join Date: Nov 2009 Location: Empire State iTrader: (6)	$4.98 in NY OH YEAH :sigh. But seriously why all the whiners? I saw on the news tonight how people are "Driving Slow" to save gas. . How about you stop drinking that $3 coffee every morning? Or how about that $5 sub for lunch everyday?
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03-07-2011, 10:39 PM	#40
TunedM2C Brigadier General 842 Rep 4,190 Posts Drives: 2016 LBB M2 Join Date: Jan 2008 Location: Earth iTrader: (2)
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03-08-2011, 01:13 AM	#41
Small Yellow Track Addict 119 Rep 813 Posts Drives: 2010 BMW M3 E92 \| 2008 Z4M E86 Join Date: Oct 2009 Location: Orange County, California iTrader: (0)	4.19 where I live now. I drive like 500+ mi every week... gas bill per month is around 600... its really pissing me off __________________ BMW ///M3 Coupe Completed November 16, 2009 Received December 29,2009
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03-08-2011, 01:22 AM	#44
Blake Banned 795 Rep 4,647 Posts Drives: Chevy Aveo Join Date: May 2008 Location: Parent's Basement iTrader: (7)	i love when gas prices shoot up. let's get more people off my road and in the bus plz.
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