GAS 5.00 A GALLON IN THE SUMMER - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

VTXrider · 02-25-2011, 04:11 PM

You can assume about $0.25 change in the price of gas per $10 change in a barrel of oil, I think the real number is slightly below that.

Then of course other factors such as crack spreads and different taxing regimens

Dowgg123 · 02-25-2011, 04:16 PM

Quote:

Originally Posted by Blownhotrodder

Who cares, what you gonna do about it? People pay over 5 bucks for a cup of coffee, pack of smokes or an adult beverage without a wimper not to mention a redbull for what 2-3bucks for 7 oz?. Stay at home in a bubble or live your life.

But I dont buy 15 cups of coffee at once....
Id rather spend $2.80 at the pump and fill up my tank for around $40 bucks rather than $75 at $5.00 a gallon....

jmaryt · 02-25-2011, 07:35 PM

Quote:

Originally Posted by red&white

My fellow Camaro owners. Lybia owns 3% of the worlds oil and if you are watching what is going on in that region you can see the unrest. It will have a huge impact on gas prices this summer. We are already seeing a spike. Hopefully it doesn't go to that extreme.

yup!..$100.00 on a fill up seems within reach on a 6!..just sayin!..
raise hell with the used gen 5 car market too!.be a flood of 'em soon!..watch out!..(w.t.f!)
just sayin!

Michael_Js · 02-25-2011, 07:40 PM

Went up 10 cents the other day here in CA. They said it's going up another 10 cents this weekend. Just paid $3.89 for premium! I can easily see $5 by summer!

advfire · 02-25-2011, 07:41 PM

---NEWS FLASH---

NEW YORK (CNNMoney.com) -- Exxon Mobil Corp. said Thursday that earnings in the last quarter rose 38% from a year earlier as oil prices rebounded. But profits fell short of Wall Street's expectations due partly to higher health care costs.

The world's largest publicly traded energy company said it earned $6.3 billion, or $1.33 per share, in the last three months of 2010. That's up from $3.5 billion, or 92 cents per share, in the same period last year.

fielderLS3 · 02-25-2011, 07:45 PM

We might see $4, but not $5. People predicting Armageddon have never made good predictions.

Calm down guys. There is no shortage of supply what-so-ever. The price is being driven up by speculators with an almost infinite supply of easy Fed money at 0% interest behind them, allowing them to buy on margin at 6% down. Like all Fed bubbles, this one will burst too. We've seen this story before. Eventually, the easy money loans will come due, and when they do, all these speculators will have to liquidate those investments, and the price will come crashing down faster than it went up, just like in 2008. These markets are behaving exactly like 2008, and the result will be exactly the same. We just have to make it through the next couple of months.

ya boy willz · 02-25-2011, 07:55 PM

OH noessss gas went up 20 cents, time to sell the Camaro and buy a Prius

Yes it does suck that gas prices are going up, but they'll always fluctuate and cluttering the forum with gas threads won't make a difference.

$4 a gallon will definitely be reached, I don't think for regular, but defintely Premium.

a_Username · 02-25-2011, 09:20 PM

Quote:

Originally Posted by fielderLS3

We might see $4, but not $5. People predicting Armageddon have never made good predictions.

Calm down guys. There is no shortage of supply what-so-ever. The price is being driven up by speculators with an almost infinite supply of easy Fed money at 0% interest behind them, allowing them to buy on margin at 6% down. Like all Fed bubbles, this one will burst too. We've seen this story before. Eventually, the easy money loans will come due, and when they do, all these speculators will have to liquidate those investments, and the price will come crashing down faster than it went up, just like in 2008. These markets are behaving exactly like 2008, and the result will be exactly the same. We just have to make it through the next couple of months.

As far as I'm aware of, there is no contango, so it's not the fault of the speculators (nor was it in 2008). Plus, to say supply will not be effected by these revolutions is frankly wrong. I'm really wondering the reasoning behind that curious conclusion. However, you're not too far off about the Fed and the inevitable liquidation.

camarowa · 02-25-2011, 09:21 PM

Already $3.99/gallon for premium, pacific northwest. $4.50 come some summer not unrealistic to say the least.

TOMS1SS · 02-25-2011, 09:43 PM

Quote:

Originally Posted by red&white

My fellow Camaro owners. Lybia owns 3% of the worlds oil and if you are watching what is going on in that region you can see the unrest. It will have a huge impact on gas prices this summer. We are already seeing a spike. Hopefully it doesn't go to that extreme.

Oh dear god, do I need to start posting facts and figures again? Can we please stop the panic? Sometimes I wish I could just up and move to Canada, nobody freaks like this....

THUMPER20X · 02-25-2011, 10:06 PM

Quote:

Originally Posted by Fearer2010SS

Oh dear god, do I need to start posting facts and figures again? Can we please stop the panic? Sometimes I wish I could just up and move to Canada, nobody freaks like this....

Mostly because we're so numb from being beaten to death with taxes. Do yourself a favor and not even cross the 49th. If you do I'll trade you places anyday.

a_Username · 02-25-2011, 10:09 PM

Quote:

Originally Posted by Fearer2010SS

Oh dear god, do I need to start posting facts and figures again? Can we please stop the panic? Sometimes I wish I could just up and move to Canada, nobody freaks like this....

Please do.

LimaCharlie · 02-25-2011, 10:14 PM

Don't be surprised if we see $6.00 for regular gas at the peak this summer. I see you're from Pittsburg. Antioch is my hometown....I know how the Bay Area always gets screwed on gas prices.

TOMS1SS · 02-25-2011, 10:19 PM

Quote:

Originally Posted by THUMPER20X

Mostly because we're so numb from being beaten to death with taxes. Do yourself a favor and not even cross the 49th. If you do I'll trade you places anyday.

Its the attitude that Candian's had that I miss. I'm originally from Detroit and I grew up around nothing but people complaining about work, crime, gas prices, taxes and health care. We are the CNN generation in America are adicted to everything CNN and Fox News, thus we panic regarding every little tiny thing. Gas prices are gas prices, we could be paying $8 like in Europe. I'm tired of the panic, does anyone remember when SARS and Y2K we're going to whipe us out? They never did and the majority of us aren't going to fall into absolute poverty because gas prices went up $1 or $2 dollars a gallon. If your living that tight you got a lot bigger problems.

02-25-2011, 04:11 PM	#15
VTXrider Drives: 2010 RY 2SS/RS Join Date: Dec 2007 Location: Miami Posts: 817	You can assume about $0.25 change in the price of gas per $10 change in a barrel of oil, I think the real number is slightly below that. Then of course other factors such as crack spreads and different taxing regimens __________________

02-25-2011, 07:40 PM	#18
Michael_Js SoCal C5 Family Member Drives: 2010 Camaro SS/RS - Black w/IOM; 6M Join Date: Jul 2009 Location: San Diego, CA, USA Posts: 5,299 View My Garage	Went up 10 cents the other day here in CA. They said it's going up another 10 cents this weekend. Just paid $3.89 for premium! I can easily see $5 by summer! __________________ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~ 2010 Black 2SS/RS; 6M; IOM, GFX, sunroof; ADM Race CAI; Zoomers CB; Viper Alarm; Pdaft F&R sways, Adj Endlinks, Rtrailing arms, Camber kit, strut brace, Front Trailing Arm Bushing; SLP Skip-Shift Elim; Tinted lights/windows; Hurst Short-throw; LoJack; Door & Dash ABL Mods; ********; JBA Shorty headers; AACStyle LEDs; Stillen DS rotors, Hawk Ceramic pads; Havoc Blk Chrome wheels: 20x9s; Lingenfelter Blk Al Pedals; RevXtreme Catch Can; Goodridge SS lines; Ported TB; RK Sport hood; Hotchkis chassis brace; KW V3 coilovers;

02-25-2011, 07:41 PM	#19
advfire Drives: 2010 SS Black Join Date: Jul 2009 Location: Parkland, Florida Posts: 171	---NEWS FLASH--- NEW YORK (CNNMoney.com) -- Exxon Mobil Corp. said Thursday that earnings in the last quarter rose 38% from a year earlier as oil prices rebounded. But profits fell short of Wall Street's expectations due partly to higher health care costs. The world's largest publicly traded energy company said it earned $6.3 billion, or $1.33 per share, in the last three months of 2010. That's up from $3.5 billion, or 92 cents per share, in the same period last year. __________________ 2SS- M6 - 849 RWHP, 757 RWTQ - YSI -Supercharger - Comp Cams Stage 3 Blower Cam -54-471-11 - (In-239/624 - Ex 255/624) MTI - CAI - Meth Injection Systems using 50/50 mix - Kooks 1 7/8" Headers with 3" catted X-Pipe - Kooks muflers to tips - LSR Short Throw Shifter - NGK TR6 Spark Plugs - 160 degree thermostat - LSR Sway Bars (Front & Rear) - BMR Subframe Connectors bolt-on - DSS - lingenfelter 9" w/ 4.10P - PFADT coilover front/back - BMR Spherical Toe rods / Trailing arms - Posi lock -

02-25-2011, 07:45 PM	#20
fielderLS3 Drives: 2016 Mazda6, 2011 Mustang 5.0 Join Date: Mar 2010 Location: Portage, Wisconsin Posts: 4,049	We might see $4, but not $5. People predicting Armageddon have never made good predictions. Calm down guys. There is no shortage of supply what-so-ever. The price is being driven up by speculators with an almost infinite supply of easy Fed money at 0% interest behind them, allowing them to buy on margin at 6% down. Like all Fed bubbles, this one will burst too. We've seen this story before. Eventually, the easy money loans will come due, and when they do, all these speculators will have to liquidate those investments, and the price will come crashing down faster than it went up, just like in 2008. These markets are behaving exactly like 2008, and the result will be exactly the same. We just have to make it through the next couple of months. __________________ 2022 1SS 1LE (Arrived 4/29/22) "The car is the closest thing we will ever create to something that is alive." . 2022 1SS 1LE (Coming Soon)

02-25-2011, 07:55 PM	#21
ya boy willz Drives: 2011 IOM LS, 2011 CGM LS Join Date: Oct 2010 Location: Orlando, Fl Posts: 836	OH noessss gas went up 20 cents, time to sell the Camaro and buy a Prius Yes it does suck that gas prices are going up, but they'll always fluctuate and cluttering the forum with gas threads won't make a difference. $4 a gallon will definitely be reached, I don't think for regular, but defintely Premium. __________________ 2011 IOM LS - Drag DR 19s 18x7.5, Projector/Halo Fogs, Blacked out Gills, Red Calipers, Factory Spoiler, 15% Tint 2011 CGM LS- Injen CAI, Vmax Ported TB, Vmax Black Ice O'Lator, Carbon Fiber Bowties, Carbon Fiber Gills, Factory Spoiler, Stock SS Exhaust w/ Magnaflow x-pipe welded in & stock muffler delete, Miro 112 18x8.5 +35

02-25-2011, 09:21 PM	#23
camarowa Drives: 2013 SVT Raptor, sold 2010 Camaro Join Date: Jul 2009 Location: PNW....almost canada Posts: 1,907	Already $3.99/gallon for premium, pacific northwest. $4.50 come some summer not unrealistic to say the least. __________________ - Pfadt Suspension Package; Springs & Sways - Brembo Brake Upgrade (Yellow); Courtesy Fesler Built - Custom Magnaflow Exhaust - Blacked-Out Bowties & RS Emblems, Front bowtie delete - Full Dynamat Extreme Trunk Coverage - Tinted side markers - Interior DSV Customs Leather Upgrades - Airaid CAI V2 - Forgestar F14 Gunmetal 20x9, 20x11 - Doug Thorley Shorties

02-25-2011, 10:14 PM	#27
LimaCharlie Drives: 2011 Camaro SS/RS - 2004 Silverado Join Date: Mar 2010 Location: Las Vegas, NV Posts: 2,989	Don't be surprised if we see $6.00 for regular gas at the peak this summer. I see you're from Pittsburg. Antioch is my hometown....I know how the Bay Area always gets screwed on gas prices. __________________ 2011 Summit White Camaro 1SS/RS -6.2 LS3, TR6060, 3.45, G80 2004 Black Silverado 1500 2WD Regular Cab, Short Bed -5.3 LM7, 4L60E, 3.42, G80 2014 White Caprice PPV -6.0 L77, 6L80E, 2.92, G80

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