Crude oil prices

[TheGhostInTheMachine]

http://biz.yahoo.com/ap/080501/oil_prices.html?.v=11

Another point on why current gas prices are BS.

[random_hero]

$3.62 a gallon? I wish, its $3.85 in Buffalo

oh well.

[JonsZX2SR]

Actually the response of oil prices to the dollars value vs. other currencies supports high crude oil and therefore higher fuel prices.

The argument that oils imports should be cheap regardless of the valuation of the dollar vs. other currencies is BS. Ifv the value of the dollar is half what it used to be and other currencies remain strong the price of imported oil should double. Clear and simple.

On another note, some innovative students at UCF are making their own biodiesel. (There is a local group in CT doing the same...)

http://www.wesh.com/automotive/16093985/detail.html

I'm thinking of setting up a rig to brew fuel in my garage and pick up a used diesel vehicle...

Whats next ?? European Ford Duratorq turbo-diesel in a ZX2 ??

[SoCalZX2]

Some places topped over 4/gal in san diego. My dad paid 4.03/gal for regular to fill up his 2004 Dodge ram 1500 with a hemi... YIKES

[KRUX]

Yikes for over 4 dollars a gallon. i paid 3.50 today for a gallon of gas.

[PHeller]

Crude oils prices are the product of supply and demand, and we can't ever get our fill, so they just jack the prices... I would imagine that eventually, when people start slowing down on fuel consumption in the US, prices will plateau.

I supsect this will occur around the time when alternative fuels start to gain popularity and become less expensive, and oil producers will be forced to lower prices to stay competitive. Who knows, maybe we'll even see what happened in the 80's. They saw we were getting interested else-where, and the prices dropped through the floor.

[TheGhostInTheMachine]

I'm not too up to date on what happened in the 80's.

[PHeller]

I'm not either, but I'll summarize my possibly flawwed information:

1) OPEC cut supply (or just didnt have it), jacking prices and making big lines.

2) Researchers start looking into synthetic crude oil from coal. Costs are high, but demand would be met.

3) Crude oil supplies return, dropping prices again.

4) Synthetic oil gets nixxed.

[david gettle]

I remember gasoline at $0.75/gallon.

[FatTonyZx2ner]

http://www.energybulletin.net/13199.html


hmm, each troop overseas averages around 9 gallons a day. lets make it a real political discussion

[zxtwou2]

I remember gasoline at $0.75/gallon.

and when compared to the cost of other products you could buy when gasoline was that price, i'm sure you'll see gasoline is right where it should be now if it followed the same inflation trends. we've been paying twice as LESS as we should have...based on inflation trends...for the last decade. people had it just as hard with the price of gasoline from the 20's til the 80's...then the price steadied out while everything else in the world went up. we're only bitching now because it's raising back up so fast.

[SoCalZX2]

we're only bitching now because it's raising back up so fast.

That couple with the fact that most americans don't know how to live within or below their means makes it someone elses fault.

Do I like paying 4/gal? Nope, but I have no financial woes because of it either.

[phosphite]

Read this article, puts it into perspective of why U.S. gas is so cheap.

http://money.cnn.com/2008/05/01/news...ion=2008050109

[yellow2000S/R]

My mom just paid $3.52 and when she pulled out from the station they had changed the price while she was pumping. They dropped it to $3.42.

She's pissed LOL.

[capitalcrew]

Lmfao. Owned.