PETROLPHOBIA (Page 29/66)
jetman JAN 17, 10:14 AM

quote
Originally posted by fierobear:

If the dollar inflates, gas prices will go up, that's a given.



Absolutely.

The seasonal low for the year in unleaded futures occurs in January but I'm seeing prices at the pump increase in spite of that.
USFiero MAR 07, 07:47 AM

quote
Originally posted by fierobear:
If the dollar inflates, gas prices will go up, that's a given.



This is an interesting element - does that mean the goal is to keep inflation low? I don'y see how that will be possible, if ours goes up - does that mean the rest of the world is affected too?

Meanwhile, $3.37/gallon here.
USFiero APR 17, 10:30 PM
Do I really need to bump this? It's been from $3.67 to $3.78 per gallon... and what happened to the price of coffee? The cost of beans has really shot up.
theBDub APR 17, 10:34 PM

quote
Originally posted by USFiero:

Do I really need to bump this? It's been from $3.67 to $3.78 per gallon... and what happened to the price of coffee? The cost of beans has really shot up.



A gallon of milk has been the same as a gallon of gasoline for decades. It's no different today, though gas sometimes hikes a bit above the milk cartons. Apparently inflation is the biggest factor to gas prices compared to anything else.

EDIT: I had a grammatical error lol.

[This message has been edited by theBDub (edited 04-17-2011).]

USFiero MAY 10, 08:07 AM
Why are we paying so much for gas? - Lots of problems with this Forbes article. They include oil sands as part of the 'new' oil reserves - which we aren't getting oil from yet. Yes, oil/gas prices are relatively cheap in the US, but these core costs have nearly doubled in the last couple years. The Forbes article mentions inflation - I have no idea what they mean by that - even if you are saying that the its because the Treasury is printing out money not backed by anything and in effect devaluing the US dollar in the world economy - we are still leading the world in economic performance. Granted it is not scaling up like China's, but if other countries are in decline, there will be a cap to what China can gain.

Is it speculators creating a market in the absence of other investments? A 'liberal green agenda' to move us to alternative energy? A realization of what past presidential administrations have been telling us - we need to break our dependence on foreign energy?

Gas has been $3.87 - $3.96 here.


quote
Originally posted by Wichita on Page 1:

Speculators are making the prices go up, but hey! I don't care. I will really only start being concerned when it gets up to $4.00 a gallon.

[This message has been edited by USFiero (edited 06-09-2011).]

USFiero JUN 01, 08:12 AM
After peaking at near $4 a gallon, the price fell to around $3.68 a gallon for Memorial Day and have stuck so far. Still too high for me, cutting back on a lot of other things. I dropped one of our cell phone accounts, cancelled the Blockbuster (it was going to happen anyway) and shopped around on my insurance. Dropped the Fiero off the insurance until I get it repaired (plates expired). Not much else to cut as far as expenses. Food is high, coffee prices have gotten outrageous so we've cut way back there. Half a pot in the morning instead of two.
ShadowHawk JUN 01, 08:49 AM
Awesome topic name!
USFiero JUN 09, 12:22 AM
Gas easing a little, but still it costs over $50 to fill each car, we go through a tank every other week, so that's $300 in gas a month or more. Around $3.65 a gallon today. I didn't realize I started this thread in 2005.

[This message has been edited by USFiero (edited 06-09-2011).]

USFiero JUL 08, 01:27 AM
I cannot understand the logic of our President releasing the oil reserves. It doesn't seem to have done a thing for prices (oil is over $100/barrel) around $3.38/gal right now and will probably head back up. Attempting to manipulate oil market prices was never the intent of creating the reserve - and it will only need to be replaced. I hope the gov't buys it from domestic sources.
USFiero AUG 09, 11:28 PM
Well, oil dropped back around $80 a barrel today aftr peaking above $100 a barrel - an unsustainable amount in a deflatde economy. Historically oil prices fall as gold goes up, and gold has hit some dizzying highs. Something to do with how the Saudis think or whatever. I know these are just the up and down motions of a world market, but this was a pretty sustained period of high fuel prices. This sort of thing changed the auto industry in the 70's (the Fiero being a product of that) and I suspect the momentum has started to get alt fuel cars on the road again. i'm a bit of an Adam Smith fan, and I'll bet you'll start hearing people mix his philosophy into economics chatter with all the fascination over our founding fathers. he believed that governemnts should encourage new business startups, and I'd bet he'd be all for new energy sources. Our country is the best place to develop and export this technology. China may build it cheaper, but we invent stuff. india - I don't know what India does best, but I have yet to see much come out of that country that is of value to us.