Gas Prices

[cmwade77]

Originally posted by Godiva@Mar 17 2006, 02:43 PM
It will go up right before Easter break.

Then it will come down a little, but not as low as beginning of the year.

It will go up into the $3 range through July/August.

Then it will come down again and stay down through Christmas and in to the new year. But not as low as the previous year.

Then it will steadily creep up again.

Their goal is $5 a gallon within 5 years.

No, I have NO facts. This is entirely speculation, prediction, guessing and abstract logic upon my part.

But you might want to bookmark this thread and see how close I come. Sometimes I'm really scarey.

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I hope that you are wrong, but if not, I am realyl glad that I have a Prius.

[RunninDover]

I bet the nat'l avg for reg unleaded is at least $3.00 before the end of June; sooner if Iraq descends into all-out civil war. just a guess....

[tripp]

It's not in big oils interest to have sustained $5/gal fuel prices.Short term they'll make a killing and then be defunct in 3 years. Now, geopolitical events may cause spikes or seriously affect supply. That's entirely possible but big oil doesn't want that. Necessity will force us away from oil if that kind of situation is sustained. That's the last thing that Exxon et al want.

Bob, the Burgan Oil field in Kuwait seems to have peaked (15 years ahead of schedule!) but the Kuwaitis can make up the difference and more with their other fields so in the short term this won't restrict their production numbers. It does highlight the uncertainty of the ME oil reserves. For the same reason that Exxon doesn't want people thinking about peak oil, the Shieks of the ME have an avested interest in keeping their reserve numbers a secret. The last they want to have to say is that their reserves were overstated and there's actually less oil. That, again, would fuel the alternatives/conservation fires that hurt their business.

[jayman]

A couple of days ago regular unleaded went up to $0.99 a litre. It had been holding in the low 80's for most of the winter.

I've noticed the pickup/SUV crowd are driving a *lot* slower!

[Walker1]

Originally posted by sb_in_nc@Mar 17 2006, 04:10 PM
Maybe not greedy but if you're 10+ miles from town and no public transport, you're gonna need lots of gas (or a horse).   

How are the oil companies supposed to keep our economy from tanking?

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The way I see it they are so wealthy they could simply drop the price back down to say $1.00/gal. Why? Why not. I believe anybody with all that money could help out our economy as they reside in this country. On a sour note, on ABC world news tonight the war monger & our wonderful congress people are authorizing a mere 9.8 billion $$/mo. for the Iraq crap. Can you imagine what all that loot could do for people who have it tough here? But, then that would be something our elected officials would never do.

You also have an '06-Pkg. 1? So do I. I had no need for all the other stuff in the other packages.

[fshagan]

Originally posted by Walker1@Mar 17 2006, 06:47 PM
The way I see it they are so wealthy they could simply drop the price back down to say $1.00/gal. Why? Why not.

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Uh, you do understand that the "obscene profits" and "record earnings" were in the neighborhood of 10%, don't you? So the price of gas would go down about .25, to $2.25 (assuming an average of $2.50) That's if they gave every bit of their profit back, and applied it only to gasoline.

Oh yeah, they would have to take it back from the stockholders. You might check your pension plan ... would hate to see you regret it when you retire.

[fshagan]

Originally posted by tripp@Mar 17 2006, 05:25 PM
It's not in big oils interest to have sustained $5/gal fuel prices.Short term they'll make a killing and then be defunct in 3 years. Now, geopolitical events may cause spikes or seriously affect supply. That's entirely possible but big oil doesn't want that. Necessity will force us away from oil if that kind of situation is sustained. That's the last thing that Exxon et al want.

Bob, the Burgan Oil field in Kuwait seems to have peaked (15 years ahead of schedule!) but the Kuwaitis can make up the difference and more with their other fields so in the short term this won't restrict their production numbers. It does highlight the uncertainty of the ME oil reserves. For the same reason that Exxon doesn't want people thinking about peak oil, the Shieks of the ME have an avested interest in keeping their reserve numbers a secret. The last they want to have to say is that their reserves were overstated and there's actually less oil. That, again, would fuel the alternatives/conservation fires that hurt their business.

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Big Oil talks about Peak Oil all the time. Here's a link to an article where the Pres of Exxon-Mobil talks about the peak for non-middle east production: http://www.energybulletin.net/3624.html I've seen articles by BP and other oil companies as well.

[Frank Hudon]

regular unleaded 87 here in USD converted to USG $3.42

[Walker1]

Originally posted by fshagan@Mar 18 2006, 12:38 AM
Uh, you do understand that the "obscene profits" and "record earnings" were in the neighborhood of 10%, don't you?  So the price of gas would go down about .25, to $2.25 (assuming an average of $2.50)  That's if they gave every bit of their profit back, and applied it only to gasoline.

Oh yeah, they would have to take it back from the stockholders.  You might check your pension plan ... would hate to see you regret it when you retire.

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Sorry, I don't have a pension plan. Doesn't mean a thing to me at this time.

[DaveinOlyWA]

price of gas is now up to $2.379 here. that is a 15 cent jump in about 10 days.