Went down to the Outer Banks for the weekend, saw gas prices between $2.24-$2.45 . Glad I filled up at BJ's for $2.21 late last week.
I think we are in the optimal range of prices that our economy can sustain for a while. I originally thought $2 a gallon was a good target, but I'm thinking up to two and a half dollars is about max: the impact on retail, farming and daily expenses may be able to accommodate that. Obviously, some cultural changes are on the horizon.
[This message has been edited by USFiero (edited 05-26-2009).]
....and almost ten cents higher now. Oil prices are up in the mid $70/barrel range. I seem to recall the $80/barrel was sort of a threshold in the past. Anyone wanna guess when we'll see $3.80/gallon?
It's one of the things required in order for GM/Chrysler to make a profit. Fuel, by all estimates, must be expensive enough to force people to buy smaller, more effecient vehicles--$3.50 --$4.00/ gal according to industry analysts.
The prices peaked at nearly $2.59 here, but have (shhh!!) dropped back to a still-very-high (for my pocketbook) $2.47 or so. I'm not saying I can't adapt to paying more, but it's been tough since gas affects other prices too.
$2.34-$2.39 here. My wife just got back from San Diego visiting family, and swears the price of gas is no different there. I was under the impression it was uniformly higher in CA.
Yeah, not as low as two-three months ago, but right around the $2.30/gal mark now. Maybe that will be okay for the summer months. All energy costs seem to peak in the summer/winter.
A year ago at this time, gas was three dollars and seventy-something cents per gallon. In May this year, it was like two fourteen. Now around two twenty five. Oil has bottomed, and now risen just a little. sixty one or sixty two per barrel.
The weak dollar? Gas has been mid-to-high $2.5X for nearly a week. The cheapest has been $2.49 if I travel a little to York County. It's always a little cheaper in York County.
[This message has been edited by USFiero (edited 11-02-2009).]
What happened? Gas went up like a dime a gallon in the space of two or three days, I read a report of $3 gas being the norm. Oil has gone back up over $80 a barrel, the dollar is weak...
The last time this happened the economy started deflating because it was a protracted period of time oil prices stayed high. Ironic the US Auto Show was just held, and the Volt and Leaf were introduced.
oil has been climbing the last couple days, but gas is still in the mid dollar and sixty cent range.
Well, oil is back up, not the $40 a barrel it was last year at this time. Gas has been generally two and a half dollars a gallon. Seems like an equallibrium price to me.
Today a report comes out that we have been overestimating the amount of natural gas in this country. I expect all energy prices to go up. it doesn't help that gas has easily go up over a dime in the last week and a half. Best price I saw today: $2.66 highest: $2:78
Well, here's an odd note: Gas has fallen to about two-and-a-half dollars a gallon... on Labor Day Weekend. About .17-.21 lower in the last two-three weeks.
Well, here's an odd note: Gas has fallen to about two-and-a-half dollars a gallon... on Labor Day Weekend. About .17-.21 lower in the last two-three weeks.
Labor Day? What?? Where did summer go? Oh man--did I sleep that long--seems like just yesterday I laid down for a nap right before Memorial Day. Who won at Indy????
Damn--I hate it when that happens. Missed all of Christmas and New Years back in 2001.
(Fuel prices dropped here too.)
[This message has been edited by maryjane (edited 05-29-2010).]
So what is Obama doing to cause oil prices to rise?
Not sure about Obama but the last time that someone uttered the word "speculation" in congress the price of crude dropped like an anchor down to $40 a barrel. I watch the markets like a hawk, ocassionaly trade, will tell you that the large specs, small specs and the open interest is through the roof, no doubt the hedge funds are involved again. On the other hand, the commercials are heavily short so I'm looking for lower crude prices, same with heating oil and to a degree the gas prices as well. The caveot in all of this is the US Dollar which the federal reserve is hell bent on debasing, we'll see.
Not sure about Obama but the last time that someone uttered the word "speculation" in congress the price of crude dropped like an anchor down to $40 a barrel. I watch the markets like a hawk, ocassionaly trade, will tell you that the large specs, small specs and the open interest is through the roof, no doubt the hedge funds are involved again. On the other hand, the commercials are heavily short so I'm looking for lower crude prices, same with heating oil and to a degree the gas prices as well. The caveot in all of this is the US Dollar which the federal reserve is hell bent on debasing, we'll see.
If the dollar inflates, gas prices will go up, that's a given.
I saw $3.85 for a gallon of premium on Chicago's North Side yesterday. Gas is usually at least 30-40 cents cheaper just across the state line in Indiana so I NEVER gas up in Chicago.
The Mercedes can't burn anything BUT premium!
[This message has been edited by Doni Hagan (edited 01-17-2011).]
. Glad I filled up at BJ's for $2.21 late last week. 
