Oil prices now above $66 per barrel

[Clutch]

Link (http://www.businessweek.com/ap/financialnews/D8BUCA100.htm?campaign_id=apn_home_down&chan=db)

Gas prices in my town have already went up .20 cents since the first of the week. I can now only imagine how much it will go up after seeing this news. Regular gas is at $2.37 a gallon, which I'm sure it is above that in some other areas of the country. But I wanted to link that for those who may have not seen it. I think I'm gonna buy me a good pair of walking shoes soon :mullet:

[FormFactor]

:bawling:


Sux

:bawling:

[Lord_Night]

2.55 a gallon here in Piqua ohio

[leishi85]

it's about 2.50 for regular in west side of michigan now.

[Nightwolf]

2.39 here in Olathe, KS. Was like 2.10 last week

[Clutch]

2.39 here in Olathe, KS. Was like 2.10 last week

That is basically just like my town. Seen a .20 increase since the first of the week. I filled up about Tuesday and it was $29.00 :shakehead I can only imagine how much it will be next week when I go to fill up again.

[TheBaron]

<= still glad I own a Honda

[Armo]

/me is sad i have to drive 45 mins to work :(

i got gas last week @ like 2.18, and i saw it the other day @ 2.3X it was insane, withing like 2 days.

[Nightwolf]

this is the highest its been all summer, seen about 2.18 most of the summer. This really sucks cause my car is a bit of a hog.

[Nomad]

I hope the United States decides to do something about an impending oil crisis rather than watching the country slide in to paralysis as it did during the '70s.

[muddocktor]

Just bought gas this morning in New Iberia, LA for $2.33/gal(for regular).

I guess the rich, greedy oil compnies just keep getting richer off us working saps because I haven't really seen a whole bunch more bucks put back into exploration and production here in the Gulf Coast states. The drilling business is pretty good, but that could dry up at any time. I could go on about this topic, but the point of the thread is gas prices, not domestic drilling and production. ;)

[Nightwolf]

Lucky for me if gas gets too expensive schools just 2.5 miles away, i've got a bike and a deck to choose from.

[entropy]

It's been at $2.30ish here most of the summer. The lowest it got was around $2.15 for a week or so. Right now I heard someone say it's up to $2.66, I'll check on my way to work today. That's insane.

[Black Hawk]

Last time I saw, prices were at a steady $0.55-56 and $0.59-62 a liter. Now that's not much of a problem here. The thinig is that a few weeks ago truckers (all of them and even if some did they couldn't cause of threats) went on strike and gas was rather scarce.

Now that everything's starting to get a bit normal, it seems some gas station owners are starting up rumors about a strike and everyone has to run to a gas station and fill up. Last time I was a gas station for 2hrs just to get $5 of gas.

[SpywareShooter]

Gas here is $2.49 for regular. A few months ago the Supreme price was $2.99 (regular being 2.79).

[Clutch]

I hope the United States decides to do something about an impending oil crisis rather than watching the country slide in to paralysis as it did during the '70s.


I agree 100%. The scary part about it is this quote from the article.

Oil prices are 46 percent higher than a year ago, but they would need to surpass $90 a barrel to exceed the inflation-adjusted peak set in 1980.

[SpywareShooter]

Last time I was a gas station for 2hrs just to get $5 of gas.
How's it feel to be a gas station? At least you don't have to worry about getting diarrhea with people constantly pumping gas from you for 2 hours. ;D ;D

[primesuspect]

average around here is $2.50 right now, but I paid $2.42 today at costco :rarr:

of course the line was incredible.....

[Clutch]

:mullet:

[EMT]

$2.69/gal by the nearest D.C. Metro station to me, couldn't believe my eyes.

Maybe this will help the traffic problems...

;D Nice one Clutch

[mmonnin]

Gas was $2.34 and the the oil price jumped up making gas around here also jump to $2.55 a gal. Luckily I saw it when the first few stations went up and I was able to get it for $2.34/gal. Its back down to $2.44 since the price hike from yesterday.

[primesuspect]

whahahaha nice one clutch ;D

[profdlp]

Go Clutch! ;D ;D

[Clutch]

<3 Brian

;D

[Gargoyle]

Ours is $2.61 for 86 Octane now. Every gas station in town has raised their prices $0.30 over the last week. $0.20 in just the last two days.

[Crazy Joe]

It was over $2.70 in Chicago when I was there at the beginning of the week, it's around $2.50 in Cincinnati and $2.30 at Costco...

[mmonnin]

86 Octane?? I have always seen 87.

[CB]

Yea, we've got one place around here that offers 86 for a penny less than 87...

[qparadox]

Up North gas is about $1.15 cdn / litre which works out to $3.81 US / gallon. The price differential is due to tax. Its a 35 minute drive for me to work / school every morning, the mass transit project that's supposed to go from where I live to my school was supposed to be completed 5 years ago but they haven't started yet :/

[Gargoyle]

Everything's one octane rating lower here in the mountains. I'm not sure why, though. Something to do with the lower air pressure?

[Xander]

You know, we have lots of oil up here in Alaska, but for some odd reason I don't think we use it. I think we just drill it and pump it just so we can put our ears and hands on the Pipeline and warm them up. You see we are technologically deprived up here and have no heaters.

[danball1976]

Did anyone hear about the gas station in Texas that was selling gas for $0.263 a gallon? The owner of the gas station wasn't aware until later and people from 20 miles around were coming to the station for gas. The owner claims it was a computer error.

This is researchable on google. From a couple reports I saw, there is over 1 trillion barrels of oil in shale and tar sand deposits in Utah, Colorado and Wyoming. They say we have more recoverable oil in the US than the middle east does.

Canada has the same kind of oil deposits and had developed the technology to recover this oil, and there are less red tape in Canada than in the US to use this technology. In the US, anything less than $30 a barrel is economically unfeasable to use the same technology that Canada used to recover the oil out of these shale and tar sand deposits.

I also think that Bush isn't going to do anything about the oil prices because he is (partly) an oil baron.

The biggest reason why we don't use the oil deposits that we have is because of pressure from environmentalists.

Also, here in Wichita Falls, TX, gas went from $2.36 to $2.49 in one day for 87 octane.

[fatcat]

went from $2.24 for 87 on thursday to $2.49 here today...

...and i drive 130 miles/ day to work and back :bawling:

[leishi85]

just filled up a ford e250 van today with octane 87 at 2.599 a gallon, cost me $66.68 :bawling:

[Nightwolf]

went from $2.24 for 87 on thursday to $2.49 here today...

...and i drive 130 miles/ day to work and back :bawling:

Your serious 130 miles, god dang!!!

[profdlp]

The good news is that it could be worse. Gas prices have actually fluctuated within a fairly narrow range over the last twenty years or so.

[Gargoyle]

I started driving at the lowest spot on that chart. Was paying $0.89 for 87 octane. Those were good times :D. Bad times for everyone else in the hometown of Halliburton, though.

[Lincoln]

The World is Flat. (http://www.amazon.com/exec/obidos/ASIN/0374292884/qid=1124056395/sr=2-1/ref=pd_bbs_b_2_1/102-8759052-2828106)

That is all.

[GHoosdum]

Jumped to $2.69/Gal here in the Cincy yesterday. That was a 22-cent spike over the day before. It'll probably drop 10 cents today, settle in the $2.59 range, and then do the 20-cent hike, 10-cent drop thing again next week.

[EMT]

The one I said was $2.69 last week is now $2.96 (yeah, regular)... I wish that was a typo :zombie:

[entropy]

There was ONE station down the road that had it for $2.59. Being a lazy teenager, I still only put $10 of gas in. Then my stepdad went later that night and put an extra $40 in. Heh. Ahhhhh the joys of not spending your own money! I'm not always that lame, though, don't worry.

Although rest assured, it is no coincidence that cars driven after a teenager will almost certainly be on Empty. Nature's funny like that :D

[Nightwolf]

Just jumped to 2.70 here.

[bothered]

I got some a few days ago, it was at 90p per litre. That makes it just over £4 a gallon, what's that, around $8\$9?

[leishi85]

that's about $7.18

[kanezfan]

this is why i'm buying a used honda civic. 32 city/40 highway sounds real good right about now. my wrangler goes 200 miles on a fill-up that costs me like $35. where's the hydrogen cars at?

[Gargoyle]

Prices went up here again, too. Wish I had a motorcycle right now.

[Buddy J]

/me wants a Vespa.

[lemonlime]

Just filled up for $1.12CDN/litre. Unfortunatly, my civic requires >91 octane fuel, so it costs me around 12 cents more per litre than the posted price usually.

I believe that's about 4.25/gallon.

I'd really love to see more viable alternative fuel powered vehicles on the market. The hybrids are great, but I'd love to see something completely free from gasoline dependance, like hydrogen fuel cell technology, or flinstone cars, where I can just use my feet to propel the car forward.

[Clutch]

Since I posted this, gas has went up to $2.69 for regular unleaded. Oh the joys of driving a v8 ;D

[primesuspect]

I'm really enjoying my 36mpg matrix right about now :eek3:

[Armo]

~25 in the old 94' intrepid i can t really complain too much, i only fill up on the weekends and i go about 500 miles on a tank in a week

[Jimborae]

Anyone reckon I'll be able to sue George Bush for causing the inflated oil prices. ;D

As Bothered has said, just thank your lucky stars you're not living in the UK & paying the prices we have to pay.

*edit* and for those of you Honda Civic drivers be also thankful that you don't drive mine. When I put my foot down it'll regularly only return 14 miles/gallon, that's the price you pay for 300bhp from a 2lt engine. :bawling:

[kanezfan]

/me is gonna be content with his future 110hp 4cyl civic

hell maybe I'll start riding my bike to work. it's only like 7 miles away, i'll lose all my fatness that way too in like a month. it's settled, bike for me woohoo!

[entropy]

Haha. Okay. Enough complaining about low mpgs, folks.

Remember what I drive? That's right, a big ol' Chevy Van. That sucker gets no more than probably 15 miles to the gallon, on a good day. We won't even talk about the bad days.

Another month or two of works and I should be able to buy a decent used car. Hopefully.

[McBain]

Whiners. I see this as nothing but good news. Right now its a little bit of a pain financially, but truthfully, its not terrible. The only thing this will do is help create more of an effort to alternative fuels anyway..which is the long-term solution...gotta think long-term, esp. in this business anyway....as a civilization we've been dependant on fossil fuels in one way or another for hundreds of years...if we can wean that depancy....its nothing but good...(the irony is that to create the new fuels, most of these methods still require the use of fossil fuels at the earliest stage....I digress). Besides...simple solution to rising gas costs....invest in oil!...make your money back that way....

[GHoosdum]

We're running out of time for alternative energy sources... (http://today.reuters.com/news/NewsArticle.aspx?type=scienceNews&storyID=2005-08-18T135352Z_01_SCH850008_RTRIDST_0_SCIENCE-ENERGY-DUTCH-ECN-DC.XML) apparently.

[McBain]

"PETTEN, Netherlands (Reuters) - The world could run out of time to develop cleaner alternatives to oil and other fossil fuels before depletion drives prices through the roof, a leading Dutch energy researcher said on Thursday......"

:rolleyes:

I'm sure he'd rather have us harness the smoke from his pipes....

[Gargoyle]

I agree with McBain. This will only serve to increase the public demand for alternative energy sources for cars, and technology advances a lot faster when it's marketable.

Once those alternatives are in place, gasoline demand will decrease, so prices will, too. Maybe in a decade or two, I'll be able to fill up my 67 Volvo for cheaper than my new hydrogen-alfalfa-sunshine-powerered futurecar. :D

[GHoosdum]

I don't think the fact that he's Dutch makes his point any less valid... economies are giving ground in other places because they're bending under the strain of the modest energy price increases we've already seen. If we continue at this pace, gas will be $4 per gallon in the US by the end of 2006, and we don't have the kind of mass transit structure in place that Europe does. Americans won't drive their cars any less, they'll simply cut the fat away in other parts of their budget... which means that the economic growth the country is currently experiencing will end. Which means that it will be too late for alternative energy sources to prevent the problems that are caused by the rising price of fossil fuels.

If anything, the point is even more valid coming from a European, since they are years ahead of the US in alternative energy sources development.

[CB]

I want a Mr. Fusion on my car, so that it can run on garbage.

[McBain]

I don't think the fact that he's Dutch makes his point any less valid... economies are giving ground in other places because they're bending under the strain of the modest energy price increases we've already seen. If we continue at this pace, gas will be $4 per gallon in the US by the end of 2006, and we don't have the kind of mass transit structure in place that Europe does. Americans won't drive their cars any less, they'll simply cut the fat away in other parts of their budget... which means that the economic growth the country is currently experiencing will end. Which means that it will be too late for alternative energy sources to prevent the problems that are caused by the rising price of fossil fuels.

If anything, the point is even more valid coming from a European, since they are years ahead of the US in alternative energy sources development.


J-O-K-E.

[Clutch]

Sure gas prices suck, but hey I'm still gonna drive my car like I stole it :thumbsup:

[Thrax]

And crash it in Michigan like you're fleeing from cops?

/me runs like hell

[profdlp]

Sure gas prices suck, but hey I'm still gonna drive my car like I stole it :thumbsup:
Next time I'm in The Tar Heel State I'm going to drive your car like I stole it, too. :ninja:

[McBain]

Sure gas prices suck, but hey I'm still gonna drive my car like I stole it :thumbsup:

now THATS the american way.

[Nightwolf]

w00t, went down 5 cents. Now its at 2.65 :shakehead

[Clutch]

And crash it in Michigan like you're fleeing from cops?

/me runs like hell

That was totally not my fault :scratch:


now THATS the american way.

:thumbsup: :thumbsup:


Next time I'm in The Tar Heel State I'm going to drive your car like I stole it, too.

:D she is used to the abuse

[Jengo]

Here in Pasco washington it is in the $2.6x range

im a bit curious and i bet so is everyone else to what you all are paying at the pump.

[bothered]

£4.14 here in expensive UK, but that was yesterday so who knows today!

[Kwitko]

I paid $2.69 yesterday in the suburbs by my folks, but I've been seeing closer to $2.90 around me in the city.

[sfleuriet]

when I was in Aruba, it was $3.60/gallon regular unleaded :eek:

In Waco where I live, the lowest price is $2.39, highest is $2.60.

[Aranyic]

I've been paying 2.50-2.60 in piqua for gas.

Diesel is horrible also right now, it actually costs more in fuel per mile to run the trucks than drivers make per mile.

[leishi85]

i know, we have a big diesel truck at home, it used to be diesel is always quiet a bit cheaper than gas, but now, it's about the same.

[CB]

Yay! Gas prices in Milford (Cincy) went back down to around 2.40, last night. :)

I hate that $2.40/gal is something to cheer about...

I remember in 1998 when GH and Zanthian and I drove down to Georgia: We found gas for $.80/gal... Those were the days...

[Clutch]

Oh you luck S.O.B CB, Why couldn't we have lower prices ;D

[Thrax]

I remember before the turn of the century, when gas got to $00.98 a gallon.

/me sighs

[sfleuriet]

i dont really remember anything cheaper than probably $1.00 - $1.50.

[Nightwolf]

Went down a cent here.