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Re: I just paid the most I have ever paid for regular gas [Re: Bogo] #881614 04/21/08 12:36 PM
Joined: Apr 2000
Posts: 3,748
Dandeman Offline
Toyota Moderator
Quote
Unfortunately it is a combination of China and India's demands as well as speculators that is pushing fuel prices up. It is figured that $20-$30 a barrel is due to speculation. The rest of the rise is due to increased demand world over with most of that coming from China and India.


Yep get used to it.. With the plunging value of the dollar (a lot of it due to the federal government over the last 7 years running on a credit card, the plunge in value is contributing to the rising price of oil.

More and more folks are investing in commodities to hedge the falling dollar... What better one than energy? Check out the annual returns below....

http://www.forbes.com/funds/Tearsheet.jhtml?tkr=VGENX

Re: I just paid the most I have ever paid for regular gas [Re: Dandeman] #881615 04/22/08 09:39 PM
Joined: Dec 2001
Posts: 11,727
LRJ4x4 Offline
Web Wheeler
*****
$4:05 for regular at 7-11, Don't even want to look at Shell <img src="/forums/images/graemlins/frown.gif" alt="" />


98 Montero with cold weather package
96 Toyota Land Cruiser, fully locked Mall Machine :-)
Re: I just paid the most I have ever paid for regular gas [Re: LRJ4x4] #881616 04/22/08 09:51 PM
Joined: Aug 2004
Posts: 1,420
4xmonty Offline
Body Damage is Cool
3.799 at shell this morning the surprise is that its more
expensive at safeway which is a first
Russ


GETTIN OLD THATS EARNED
Happy trails to you
(1)98 Montero SR RB Rock Crawlers BFG 33s Rancho 9000's OME Med coils rear
(2)95 4Runner All Pro Nerf bars BFG 32s
ARB bull bar
Downey 2" rear coils Downey headers
(3) 90 Montero LWB 3.0 auto
(4) 98 Kawi GPZ1100
Re: I just paid the most I have ever paid for regular gas [Re: 4xmonty] #881617 04/22/08 11:35 PM
Joined: Dec 2000
Posts: 6,896
sparkem Offline OP
Trail Leader
***
Still $3.29 here. I should be driving a Ford Escort zx2 in the next week or so.


I just want to tell you both good luck, and we're all counting on you.
Re: I just paid the most I have ever paid for regular gas [Re: sparkem] #881618 04/23/08 12:03 AM
Joined: May 2007
Posts: 4,628
hazy_daze Offline
Roll Me Over
*****
Just filled up at 3.489. If I did my math extrapolation right, when barrels reach $180 we should be paying ~$5.35 <img src="/forums/images/graemlins/barf.gif" alt="" />


Fasteddy's advice is occasionally sound...
Re: I just paid the most I have ever paid for regular gas [Re: hazy_daze] #881619 04/23/08 08:26 PM
Joined: Nov 2002
Posts: 7,892
stony-man Offline
Web Wheeler
*****
$3.55 today. That's a personal record. <img src="/forums/images/graemlins/barf.gif" alt="" /> A guy at work today said he heard it was going to 200 a barrel this summer. Yipppeeee! Oh wait, I don't have stock in any petroleum companies. <img src="/forums/images/graemlins/frown.gif" alt="" />

Re: I just paid the most I have ever paid for regular gas [Re: stony-man] #881620 04/23/08 08:31 PM
Joined: Dec 2001
Posts: 11,727
LRJ4x4 Offline
Web Wheeler
*****
And that will start the 2nd Great Depression <img src="/forums/images/graemlins/evil.gif" alt="" />


98 Montero with cold weather package
96 Toyota Land Cruiser, fully locked Mall Machine :-)
Re: I just paid the most I have ever paid for regular gas [Re: LRJ4x4] #881621 04/23/08 09:04 PM
Joined: Aug 2001
Posts: 364
Fishen'man Offline
Mudrunner
Quote
And that will start the 2nd Great Depression <img src="/forums/images/graemlins/evil.gif" alt="" />


Sad but true.

Re: I just paid the most I have ever paid for regular gas [Re: stony-man] #881622 04/23/08 10:15 PM
Joined: Feb 2001
Posts: 3,935
bkg Offline
Roll Me Over
Quote
$3.55 today. That's a personal record. <img src="/forums/images/graemlins/barf.gif" alt="" /> A guy at work today said he heard it was going to 200 a barrel this summer. Yipppeeee! Oh wait, I don't have stock in any petroleum companies. <img src="/forums/images/graemlins/frown.gif" alt="" />


speculation causes a lot of problems.

This is the exact reason why we should be drilling locally.


Brian K. Gallus
I have nothing important to say.
Re: I just paid the most I have ever paid for regular gas [Re: bkg] #881623 04/24/08 02:35 AM
Joined: Dec 2000
Posts: 6,896
sparkem Offline OP
Trail Leader
***
I will pay my new record high tomorrow morning. I think it is at $3.39


I just want to tell you both good luck, and we're all counting on you.
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