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Old 12-06-2008, 03:01 AM   #18
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I remember that .85 cents a gallon. THAT was nice!

Shoot...if gas falls below a buck a gallon, I just might have to take off a few days and go on a road trip!
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Old 12-06-2008, 03:18 AM   #19
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Granted I was a kid but I remember .22 Cents a gallon living in LA. We had a Phillips 66 across the street from our apartment and my dad taught me about numbers by reading the gas prices on the pumps.
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Old 12-06-2008, 05:48 AM   #20
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Gas is 1.49 here at the moment. Under 1 dollar? I have a feeling it will turn around by then, but it certainly seems possible.
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Old 12-06-2008, 10:28 AM   #21
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Once this world economic down turn ends and most analysts say that will be in 2010 then gas will go WAY UP , so enjoy it while you can . India and China are still in the MEGA GROWTH industrial revolution just like Canada and the US were in the early 1900s , even now China still has 6% growth with this world recession that's amazing because a good annual growth rate for most country's is 3% in good times. So once all this mess is cleaned up watch out as these developing nations will be back to 10%+ growth and some analysts predict a barrel of oil to hit 200 dollars next time around .. China and India are supposedly building 4000 cars a day as more and more people become middle class in those country's and they all want new cars , they will need MEGA FUEL in the near future , the world is running out of easy to access oil and that's a fact they keep having to drill deeper and go further to get it , we are lucky in Canada since we have the OIL SANDS in Alberta giving us oil for up to 100 years with the worlds BIGGEST OIL RESERVE as the SAUDIS which had the largest supply will be dry within 10 to 15 years most analyst say , that is why they are switching to tourism have you guys seen the stuff they are building in places like DUBAI WOW worlds tallest building , man made islands etc..

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Old 12-06-2008, 10:31 AM   #22
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I can actually afford gas for the Envoy and Sonoma now!
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Old 12-06-2008, 11:05 AM   #23
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Quote:
Originally Posted by FenwickHockey65 View Post
I can actually afford gas for the Envoy and Sonoma now!
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Old 12-06-2008, 11:43 AM   #24
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Maybe the oil copmanies that made 13bill+ in the 3rd quarter of this year should be helping to "bail out" the car makers?

Wonder how long it will be before the governmant has companies with profits put a percentage in a "fund" to be held for future bed economic times....like social security for businesses....
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Old 12-06-2008, 12:02 PM   #25
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I live in South Carolina and gas is 1.45 today, about 6 months ago it was 4.00 I know when the hurricane season starts next year we will be getting dry humped again. Just like this past year, if you saw a tropical storm off Africa in the news, you couldn't get to a gas station fast enough to beat the price gouge. These commodity strategists and speculators are not our friends either. Its all about the money, screw the economy and the people. I really thought last summer that soon we might all be riding bicycles and mopeds. I hope I don't have to save money for a vacation just to get the new camaro out, but thats what I'll do.
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Old 12-06-2008, 02:01 PM   #26
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I take what they say with a grain of salt. It is all about the stupid speculators. These same idiots said that oil would be over $200 as well, and it never reached it either.

OPEC is already in talks to stabilize the price around $50, all they do is cut production to maintain the demand.

I would love gas to under $1 a gallon, but I am not holding my breath. We are paying around $1.50 to $1.70.
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Old 12-06-2008, 06:02 PM   #27
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I haven't seen $1 gas since about 1997. That's great if we see it again. I just hope it doesn't sky rocket back to $4 again when the economy recovers.

I worked a t a station when I was 18 and regular was consistant at 29.9 cents and "Ethyl" was 2 cents more. There was no such thing as unleaded. Diesel was 9.9 cents. You would see and occational Mercedes come in for that. Most people would stop in and get "a dollars worth" or "two dollars worth" and that would last them a while. I thought it was outrageous when gas got to 49.9 a gallon. That doesn't cover the tax on a gallon in most states now. Realize that if gas gets down to $1 a gallon again, the majority of that will be taxes. Then everyone will complain about the taxes on that gallon rather than complaining about the oil companies doing the raping. Funny how the economics of things can shift so much.
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Old 12-06-2008, 06:04 PM   #28
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Oh ya, at that price, we also where required to check the oil, check the air in all 4 tires. AND wash the windshield. With a smile. Can you find that now?
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Old 12-06-2008, 06:05 PM   #29
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I retired from the USAF in 2004. I bitched all the way from Oklahoma City to New Orleans that gas was $1.50 a gallon. I was so naive then! Then Post Katrina it hit 2 dollars, I was like OMG!!!!! One day a month or so ago I paid over 60 dollars to fill up my Jeep Wrangler. I am just saying I am sooo happy with t around 2 dollars that I just hope we learned how to conserve better so demand stays lower even after this recession is over.
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Old 12-06-2008, 06:34 PM   #30
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I beleive the whole oil price was the catalyst to this entire global recession, and it goes way beyond the transportation of goods. Oil provides SO much more than just energy. this is the most common form that we, the consumer, see it. but really oil is linked to all goods that need petrochemicals to produce. plastics, epoxys, resins, they are all derived from petrolium feedstocks. when you go bowling your bowling ball is made from a resin which is made from oil. the plastics used to make a toy or a computer case are made from perto feedstocks. even the glue holding together your car or desk or couch has a bit of petrochemicals in it. so when oil goes up, companies like DuPont raise their prices to match that oil. at some point the people buying paint from DuPont go "well i cant afford a million gallons now, were just going to have to buy 750k gallons." well DuPont is now looking at a 25% decrease in sales, so to stay profitable they drop 25% of their cost, or rather, workforce. those workers now jobless fail to pay their inflated house payment. the bank who has been over lending is now stuck holding the bag so they cant make their payments now either so their stocks fall, and they start only lending to people who "can pay their loans". now people cant get financing for things like cars, so less are sold. less cars means less paint that DuPont is going to sell, so they cut workforce again. I'm not saying its the Oil companies fault that all of this happened, but that was the nudge off the edge that started it all. if banks hadn't overlended and people hadnt overborrowed. if companies hadnt focused on rapid expansion to meet consumer demand and rather pocketed some of that money for a rainy day then we wouldnt be here. i dont blame those companies of course, they were all in it to make a buck. I would have done the same thing probably. all in all, oil prices shouldnt have been pushed up that high on gas, but that isnt what crippled us completely. hopefully all of the oil companies learned their lesson though and will offer their product so gas will remain profitable at < $3.00.

On a side thought i was reading the other thread on "expert oppinions for saving gm" where one of the experts suggested we put a variable tax on gas to where it stays at > 3.50 a gallon all the time. what is their purpose for doing this? i know he said it was to generate money to loan to the big 3, but 3.50 seems a bit high. its almost like they are trying to keep consumer preference out of business decisions and make us all drive small cars, which they have wanted for so long. call me a conspiracy theorist, but i have a feeling the US government were the ones who pushed oil prices up on us so they could finally get the public to obey to this dream of small cars. why else would they be giving the big 3 such a hard time on building cars that the consumer was buying?
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