Your Gas Price

[mojo1701]

Yup. If you're on the metric system, please mention that. And also prices are listed in US dollars as well. Same if you're monetary system is different...

Jah. Mine was in CA$.

My dad and I were just at a gas station, and the attendant told him it's supposed to jump up to CA$1.20/L tomorrow!

 

[Darth K'Trava]

Mom said that the gas station that's next to the McDonalds where she works jumped 12 cents to $2.69 this afternoon!

Greedy oil capitalist bastards.... ::grumble:: (note: let's not get political on this one PLEASE!!)

 

[Angel Tarragon]

What are we going to do when there are no resources left to power our vehicles? Back to the horse and buggy?

 

[Uzumaki]

It's weird here in San Diego, once the expensive gas capital of the US. At some stations, gas is $2.99 for regular unleaded, then a ways down the street, it's $2.69 at a different station. I ride my bike most places, so I only need to gas up every month or so. It's around $35 to fill up my 15-gallon tank.

 

[Eternalknight]

Ow! That has to put a damper on your wallet!

Tell me about it!

 

[Steve Jung]

What percentage of your monthly budget goes for gasoline?

1.6% of my expenses this year. It was $2.499/gal. yesterday in New Jersey.

 

[Torm]

What are we going to do when there are no resources left to power our vehicles? Back to the horse and buggy?

Won't ever happen. Supply and demand means that as oil becomes more scarce relative to demand, the price of it will just go up and up - BUT, as the price goes up, so will the demand for vehicles that run on something other than oil. And as THAT demand is met, and some consumers shift to that energy source, the demand for oil will go back down (or increase by less) and the price will go back down (or increase less rapidly) for a while. This will go through a few cycles until most people will have switched to something else.

It's bad for my poor unemployed wallet, but for the future's sake, I'd rather see oil keep going up and up, rather than down again, for this very reason.

Oh, and btw: $2.75/gal, inland South Carolina.

 

[Nilhgualcm Leahcim]

Here in El Paso, we were just advised to fill up tonight as the gas prices are expected to jump from $2.65 a gallon to $3.00 by morning. Speking with my uncle this evening (he was a geophysicist with Texaco) some of the major causes of the hike are old refineries running over maximum, no new refineries in at least the past decade, the flooding from the hurricane shutting down some 10 percent of the refineries we do have, and an unwillingness to construct the necessary refineries that we do need. Tapping a well is also not a viable option because he said, at the fastest, oil discovered tomorrow morning will not be on the shelf for another 10 to 15 years. Looks bleak, may want to buy that segway everyone is talking about .

 

[Old One]

I filled up this morning (paying $2.69 US/gallon) because I knew gas prices would jump later today due to Katrina. Sure enough, just saw a report on the local NBC affiliate that prices at many stations in the Baltimore/DC area jumped (or will jump) as much as $0.25 per gallon by midnight. I just got back from filling up my wife's car at a station around the corner that was still at $2.69/gallon...the station across the street was up to $2.95.

Bummer...

~ OO

 

[Old One]

Here in El Paso, we were just advised to fill up tonight as the gas prices are expected to jump from $2.65 a gallon to $3.00 by morning. Speking with my uncle this evening (he was a geophysicist with Texaco) some of the major causes of the hike are old refineries running over maximum, no new refineries in at least the past decade, the flooding from the hurricane shutting down some 10 percent of the refineries we do have, and an unwillingness to construct the necessary refineries that we do need. Tapping a well is also not a viable option because he said, at the fastest, oil discovered tomorrow morning will not be on the shelf for another 10 to 15 years. Looks bleak, may want to buy that segway everyone is talking about .

What he said...

In many respects, it isn't lack of oil supply...it is lack of refining capacity...and Katrina just put a big hurting on both. Preliminary reports point to a disruption of up to 95% of the Gulf of Mexico's US oil production and refining capability (although I think that is probably a bit overblown)...that anticipation is what is driving up prices 12-15% overnight in most US cities.

Besides record domestic consumption, we (with "we" being the US) have three major problems driving oil/gas prices up:

(1) Refineries are running at full capacity. Due to NIMBY (not in my back yard), the US is relying on "refinery grid" that really hasn't been updated in 20 years.

(2) 30-year suspension/moratorium on nuke power plant development/construction. Solar, wind (unless you are a bird) and garbage-powered "Mr. Fusion" technology are all well and good, but one of the cleanest and most reliable energy sources is modern nuke plants. The technology has come a long way from TMI and Chernobyl. Say what you want about the French, but they have built an outstanding powergrid with substantial modern nuke development. Unfortunately, ignorance + NIMBY + political ineptitude by politicians of all stripes mean it will take 15+ years to make anything happen with this.

(3) China. The growing economic engine of China is becoming a huge (and still fairly inefficient) consumer of fossil fuels...and that demand is gowing to grow exponentially over the next 25 years.

As the cost of unleaded passes $3.00 US/gallon in most US cities and heads towards $4.00/gallon in some...we might actually start changing our driving habits !

~ OO