Gas Prices Through The Roof
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tapout;193010 wrote:
What's worse is that they'll most likely keep going up. I heard on the news this morning that it's not out of the realm of possibility that we could be looking at a $4/gallon average this time next year.I'm gonna hate riding my bike in the snow.
Yeah I heard $4 a gallon for REGULAR. I can't imagine paying $4.50 for premium. I thought it was spendy when I paid $2.50 a couple years ago.
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I pray for the day I run into a big-wig oil executive in a deserted alley...
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MisterCMK;193037 wrote:
The price will go up and up and up until demand drops like a rock and then the price will come down. 70s all over again anyone?Except the 70's price hikes weren't exponentiated by China and Russia suddenly becoming industrialized modern nations with gigantic demand for oil. It used to be the US and the US only who took in large quantities of oil, now those other 2 fuggers are wanting the same supply we get.
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I heard from somewhere that if the gas prices keep going up...newer cars price's will drop...This is getting ridiculous, I am very sure it's safe to say that prices will be along the lines of 5-6$ a gallon this time next year...assuming that this increase continues of course.
*1989 Nissan 300ZX Z31 *
> DelSlow;262050 wrote:
> I like the new JN210 -
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When i was driving in germany in march 2005, i was paying $7/gal and loving every minute of it. Of course, there I was able to go 130mph legally for minutes at a time
I don't see why there's all this angst towards "big oil". They don't set retail gas prices -- the government has a much larger say in retail gas prices than any "big oil" company does. No major player in the drilling, pumping, refining, or transporting business has enough of a lock on the US market, much less the world market, to set prices at a level the market doesn't support.
Also, when markets are having their prices artificially inflated due to monopoly maintenance, there are other telltale signs that aren't present in the retail fuel market.
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Thrash you of all people should know though that when demand for a product is as inelastic as gas/oil they have much more freedom in screwing the consumers over without seeing a hit in sales. Record profits are pretty convincing support to the thought that the price hikes are almost purely for profit.
My Government teacher was a former lobbiest for major oil companies (among other jobs that allowed him access to tons of information) and was telling me that the prices are WAY to high for current market conditions to be the factor.
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