Gas shortage?

[ALLSKIING]

It might be time to fill up.

http://money.cnn.com/2006/04/21/markets/oil/index.htm?cnn=yes

 

[dmc]

We're pretty f'd...

We gotta figure out a way to get the countries that have oil to like us...

 

[thetrailboss]

Seems like hype to me....manipulation in my book ("gosh, better buy gas because there are rumors of shortages...") There are no doubts about political problems, but I find it interesting that after a warm winter, gas has marched up in almost $1 a gallon in prices in about five weeks (it was about $2.05 in the last week of February and now is running from $2.75-2.85). Seems like "someone" is trying to make up for lost profits.

 

[salida]

Everyone knows we are running out of gas, come on guys. Diminishing supply, spiking demand, of course the stuff is worth its weight in gold...

 

[dmc]

Seems like hype to me....manipulation in my book ("gosh, better buy gas because there are rumors of shortages...") There are no doubts about political problems, but I find it interesting that after a warm winter, gas has marched up in almost $1 a gallon in prices in about five weeks (it was about $2.05 in the last week of February and now is running from $2.75-2.85). Seems like "someone" is trying to make up for lost profits.

I think we all know why gas is expensive... But I promised Gregg I'd be a good boy... So I am...

 

[andyzee]

Time to give the 4Runner a break and start driving the Civic more. Not a problem since ski season is pretty much over. Bring it on!

 

[Mike P.]

We aren't on any OPEC nations good list & trouble in South America does not help either. In addition starting soon, they are switching additives & there is some concern they can not produce enough of the additive.

China is also using a lot more than before so there is a bigger demand for it. I'm curious how can Southwest still offer a $46.00 ticket from Manchester, NH to Philadelphia. If you've got an SUV, you probably can't drive there for that.

We need more hybrid & alternative cars, or at least better mileage. If my car is a little slower or I have problems with the new technology I'm okay with that. I don't think I'm too comfortable with the idea of being in a jet running on electric power.

Lost profits, are you kidding, Exxon just had record profits last year & the outgoing CEO got a retirement package likely worth more than all of AZ's members will make this year combined!!!!!!!!!

 

[dmc]

Exxon just had record profits last year & the outgoing CEO got a retirement package likely worth more than all of AZ's members will make this year combined!!!!!!!!!

I'm going to go out on a limb here and say it's more then our lifetime salaries combined

 

[ALLSKIING]

I just paid $3.15 for regular:blink: Super is up to $3.50 in my area.

 

[BeanoNYC]

I'm going to go out on a limb here and say it's more then our lifetime salaries combined

He made $144,000 a day!!!!!!!!!!!!!

 

[riverc0il]

i honestly can't wait to see $6 a gallon. bring it the heck on. please! it is going to hurt my pocket, but it will make alternative fuel and hybrids economically viable and decrease consumption. bring $6 on i say, don't stop at $3.

 

[thetrailboss]

He made $144,000 a day!!!!!!!!!!!!!

But that is not enough! :roll: They want MORE. :evil:

 

[ALLSKIING]

i honestly can't wait to see $6 a gallon. bring it the heck on. please! it is going to hurt my pocket, but it will make alternative fuel and hybrids economically viable and decrease consumption. bring $6 on i say, don't stop at $3.

I know what your saying but $6 would cost me over 1k a month in gas to operate my business.:blink:

 

[salida]

He made $144,000 a day!!!!!!!!!!!!!

He also lead the world's largest company.

Mike Musina makes 16,000 a pitch... I'd rather pay someone to deliver petroleum than throw baseballs.

PS: Look into Polylactic Acid, Ethelene Glycol, and some other chemicals to make a big appearance soon on the biofuels market...

 

[Npage148]

As to not hurt business, they should split gas prices. Businesses should get a near no profit gas price and then we can let all the non business go up to 6 a gallon. It would cost me a little more, I wouldnt care. I could easily switch over to 90% mass transit/cycling to get places. A 12 mile one way commute to school would do wonders for me! Im sure it would hurt alot of people including my parents who live in rural NY, but it's what we need to kick off alt fuels and making more people use mass transt. In buffalo, at least, mass transit is severely underutilized and it is just becasue people are too lazy to try.

 

[John84]

He made $144,000 a day!!!!!!!!!!!!!

Yeah, but he still has to look like this every day.

 

[Marc]

Everyone knows we are running out of gas, come on guys. Diminishing supply, spiking demand, of course the stuff is worth its weight in gold...

Yeah, actually gold has been up over $600 an ounce. By comparison, crude and refined gasoline are dirt cheap.

Gas is still only slightly more expensive now than a gallon of "spring" water from the grocery store.

 

[Marc]

Political unrest in Iran, political unrest in Nigeria, political unrest in Iraq....

and we're approaching the summer driving season when historically, every year this time of year gas prices have always increased due to increased demand.

Now obviously we don't have an unlimited amount of crude on this planet, but right now it is supply shortage due to current drilling and refining capacity and the inreased demand from China and India, not because we can't find any more deposits. Not to mention the fact that there are still a number of large platforms in the Gulf of Mexico offline from Katrina and Rita.



Basically everything that can drive gas prices up right now are running full steam. Did anyone expect to see prices stay the same?

A barrel of crude was going for a record $72 this week, yes, but bear in mind a barrel of oil inflation adjusted at the peak of the gas crisis in the '70's was up around $130 a barrel.



Let's all take a deep breath and not let irrational behaivor drive price even higher.

On a side note, however, I do agree with Steve. I want to see prices start driving the renewable liquid fuels market to competitive levels. We'll need to start building more nuclear plants for that infrastructure too, but that's a whole nother thread.


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[loafer89]

I ran my car nearly to empty on the last of the "cheap" $2.69 gas that I got in Amesbury last sunday. I paid $3.05 yesterday in Deer Park.

I was curious at how gas in Rangeley last saturday was $3.10 while it was selling for $2.66 in Stratton.

 

[riverc0il]

I know what your saying but $6 would cost me over 1k a month in gas to operate my business.:blink:

c'mon, allskiing, get with the times! you are supposed to pass those gas increases onto your customers!! :lol: big time inflation, here we go!