Expensive ass gas

[Andy]

What the hell is going on with the gas prices. If this keeps up, I'm going to have to get a second job to afford to drive to my first job. It's already 2.76 for regular around here. So by the middle of the summer, 3.50/gallon is a definitely possibility.

http://www.washingtonpost.com/wp-dyn/con...00571.html

[white_2kgt]

Tell me about it. This past weekend killed me towing the stang up to the burg. $60 down and $60 back up JUST in gas. I really should have held out for a diesel

[derilict]

And the barrell prices just went up again................. where's my damn R6 when I need it?

[.RJ]

Seriously, I am trying get the F3 rideable real quick... 14mpg in the truck = t3h sux.

[Kaan]

whatever... new bike for the year... Ninja 250. they will not take my money at the gas pump damnit... not again!

[Sijray21]

i think my integra gets better gas mileage then my RR... :evil:

i need to get my reissued MSF card back so i can start riding to work...damn military requirements.

[Mike]

haha he said "ass gas."

[G.Irish]

Be thankful our gas is not as expensive as it is in Europe or Japan. And don't for a minute think it won't get worse within the next 10-20 years, especially as India and China modernize.

[Andy]

In the long run, it's good because it will drive us to conserve energy but that doesn't mean I can't be upset about it and don't get me started on the gas industry's insane profiteering.

[G.Irish]

In the long run, it's good because it will drive us to conserve energy but that doesn't mean I can't be upset about it and don't get me started on the gas industry's insane profiteering.

Honestly if gas prices get prohibitively high before we actually experience a shortage of available fossil fuel that would be better. That way people's behavior would change before there is a true crisis. Ideally America would lead the way in alternative energy because it would put us in an excellent position as the leader in the post petrol era.

Just sucks that fuel cells and electrics are not ready for prime time yet. But high prices could be a forcing function for both.

[Feersty]

Alternative fuels will become more readily available as the price of petroleum skyrockets, and then a cheaper replacement will be there to take its place. We aren't there YET, but we will be.

[Mike]

do you have priveleged information or was that purely conjecture?

[Evan]

don't get me started on the gas industry's insane profiteering.

care to provide some tech on that? The gas industry made record profits this past year, which was sensationalized by the media a good bit, but what people fail to realize is that oil consumption was "record high" this past year as well. There have been new "record profits" every year for the past 20 in the oil industry. The profit per gallon/barrel sold has for the most part stayed the same

[Feersty]

do you have priveleged information or was that purely conjecture?

My senior thesis was on alternative fuels, I would know how petroleum futures have been forecasted.

[Andy]

don't get me started on the gas industry's insane profiteering.

care to provide some tech on that? The gas industry made record profits this past year, which was sensationalized by the media a good bit, but what people fail to realize is that oil consumption was "record high" this past year as well. There have been new "record profits" every year for the past 20 in the oil industry. The profit per gallon/barrel sold has for the most part stayed the same

I've heard the arguments on both sides. My particular suspension stems from organizations such as AAA and other industry analysts say that though most of the arguments used by the oil industry are valid, the numbers just donÔÇÖt add up.

The simplest way to put it is, industry analysts whose full time job is to study the oil industry donÔÇÖt buy the industryÔÇÖs argument which leads me to believe something is not kosher. Also, Gulf coast refineries are not running at peak capacity. The last number I heard being thrown around is 65% post Katrina down 5-7% from pre-Katrina levels. Nationwide, refineries are running at 87% down 5% from pre-Katrina levels. I suspect that the industry enjoys record profits and artificially chokes production in order to maximize profits. Also, there has been an increase in reserve gas inventories at the refineries.

The last defense of the oil industry though is that they are being required to run more ethanol in their gasoline instead of MTBE which further pushes up the price for gas.

*edited*

[Mike]

do you have priveleged information or was that purely conjecture?

My senior thesis was on alternative fuels, I would know how petroleum futures have been forecasted.

sounds like you're going to be rich then!

[Nick325is]

do you have priveleged information or was that purely conjecture?

My senior thesis was on alternative fuels, I would know how petroleum futures have been forecasted.

sounds like you're going to be rich then!

Sounds like its time to play the futures market Mikey :lol:


Nick

[ScottyB]

i wonder how these prices will shape motorsports. will we see deisel become big, or will there be electric car sprint races? i wonder....

[Ryan T]

i wonder hope these prices will shape motorsports. will we see deisel become big, or will there be electric car sprint races? i wonder....

Just a little interesting fact for ya, the first race in America was actually won by an electric car.

[Maengelito]

The last defense of the oil industry though is that they are being required to run more ethanol in their gasoline instead of MTBE which further pushes up the price for gas.

*edited*

exactly. cleaner burning fuel will cost more to produce with more ethanol mixed in. so now that someone is actually trying to do something about slowing emissions affecting global warming, we get more complaints about gas prices. i dont blame basic economics, i blame the bush administration. *cue firestorm*