Gas prices WILL go lower...

[2010SLVRBULIT]

i wouldn't worry about it...no, really I wouldn't..

^^he said 'pennis'..

[Sevn86]

Originally Posted by MontanaKnight

That is interesting. Will have to watch and see what happens.

[ewynn9]

I'm just glad that I've got a Harley, onyl gets 100 mi/ tank but it only cost me $7 to fill up.

Camaro: 300 mi/avg per tank and currently $60
Harley: 300 miles will only cost $21ish

[IrocJack]

10 yrs from now we will all be saying, "remember when gas was $4.00 a gallon"

[fielderLS3]

Originally Posted by =Stephens=

If anyone remembers the Gulf war in 1991, gas went down to .79 cents a gallon.

I remember 75 cents a gallon as recently as the fall of 1999.

Originally Posted by Ivas

It's a high cost we're paying now, but it was higher before. In equivalent dollars, I believe the highest price for gasoline was in late '79 or early '80. I was driving taxi then and paying for it every 12 hour shift. It wasn't cool at all...

All time inflation adjusted high was the 2008 bubble. Adjusted for inflation, 1979-80 was slightly lower than where we are now. And there was an actual supply disruption then with gas lines. (So either speculator shenanigans are going on, or the "official" government inflation numbers are a lie....probably both).

Originally Posted by Kurushio

Well unless the middle east wants another recession or even a depression and have oil prices go below 35 a barrel again, prices better go down. High oil means everything goes up from a new car to bread at the store. Most of OPEC believe's 100 a barrel is a fair price but i think the Saudi's said 75 would be a fair price and is why they usually go over the output they are supposed to do.

Originally Posted by IrocJack

10 yrs from now we will all be saying, "remember when gas was $4.00 a gallon"

And we will be looking back on these times as bad ones. Malthusians have always been wrong long term (just like the Keynesians.) Coal oil, shale oil, tar sands, and most recently, hydro-fracing, and probably a few other unconventional methods no one has thought of yet will keep us well supplied with energy (if not oil itself) in the years to come (just like with natural gas now, which we had supposedly begun to run out of just 5 years ago).

The current price has nothing to do with supply either, as the market is still well supplied. Traders are buying everything in sight for any reason they can think of because the Fed money is free. All the buying is being done through easy borrowing. Eventually, the debt will have to be paid back, and the commodities bubble will burst. The 2008 bubble burst, the housing bubble burst, the tech bubble burst....every Fed bubble always has and always will burst, and this one is no different. Just a matter of time.

No reason to freak out. Be angry, yes, but don't freak out.

[67 Convertible]

Originally Posted by csdmax

I really like how gas and fuel prices go up which in turn makes all the other prices go up (i.e. food and everything that has to be delivered), but our paychecks never seem to go up to compensate.

Why would your employer be responsible to subsidize a spike in higher prices for their employees?
Yes, it would be nice, but your employer is experiencing the higher prices and struggling just like you are. This means higher overhead and less profits.
Never heard of an employer having a sliding scale with salaries to compensate for spikes in higher consumable goods.
That would put them out of business and result in more unemployment.

[2010SLVRBULIT]

Originally Posted by 67 Convertible

Why would your employer be responsible to subsidize a spike in higher prices for their employees?
Yes, it would be nice, but your employer is experiencing the higher prices and struggling just like you are. This means higher overhead and less profits.
Never heard of an employer having a sliding scale with salaries to compensate for spikes in higher consumable goods.
That would put them out of business and result in more unemployment.

yup, just wishful thinking, though..

[01pewterz28]

Originally Posted by =Stephens=

If anyone remembers the Gulf war in 1991, gas went down to .79 cents a gallon.

Heck I remember after 9/11 when I purchased my 01 Z/28 I paid $1.02 for premium gas for my car what I would not give for $1.00 a gal gas again. I could fill my car up for well under $20 (I filled up my 2LT/RS I paid $57 yesterday)

Sean

[ZED SLED]

Originally Posted by 67 Convertible

Why would your employer be responsible to subsidize a spike in higher prices for their employees?
Yes, it would be nice, but your employer is experiencing the higher prices and struggling just like you are. This means higher overhead and less profits.
Never heard of an employer having a sliding scale with salaries to compensate for spikes in higher consumable goods.
That would put them out of business and result in more unemployment.

COLA
Ah, those were the days.

[Scott@Bjorn3D]

Well the Bee is not going to be wearing out anymore tires soon I can tell you that. Filled up today 57.25 I would normally hammer around town and get 14.5 to 15.5 MPG. I am now Blue Hair driving her and getting 19.7MPG for the last week.

[Grandeos]

I personally couldn't care less about the price of gas. I simply accept that prices will fluxuate, and there is absolutely nothing that I, or any of us can do about it. We all love cars, and love to drive. So it is a given that we will need to buy gas, no matter what the cost is. So I simply do not even look at the prices. Just get it when I need it, and go on my way. It is not worth the mental stress on something none of us can control.

And..................... If we really cared about gas... we would be driving Prii.

[robsls3]

Originally Posted by IrocJack

10 yrs from now we will all be saying, "remember when gas was $4.00 a gallon"

hopefully by then cars wont be running on gas.

[VTXrider]

Originally Posted by Kurushio

Well unless the middle east wants another recession or even a depression and have oil prices go below 35 a barrel again, prices better go down. High oil means everything goes up from a new car to bread at the store. Most of OPEC believe's 100 a barrel is a fair price but i think the Saudi's said 75 would be a fair price and is why they usually go over the output they are supposed to do.

$35 per barrel. Can you explain where you get this figure from, what data/analysis did you use or did you just pull a wishful number out of the air? Don't get me wrong I would love gas about $1.85 as a national average but I am confused as to why this type of price would be necessary for a sustainable economy?

[Havok]

Originally Posted by Grandeos

I personally couldn't care less

FTFY