bowfish12 Posted January 7, 2011 Posted January 7, 2011 Hofmeister said gas will be $5.00 in 2012. Bogus info meant to bully us. Bingo. Quote
Super User SirSnookalot Posted January 7, 2011 Super User Posted January 7, 2011 I hope it doesn't reach $5 a gal. but my guess is that it will or get very close. Oil is a commodity like any other, they rise and fall with many variables attached to them, demand, politics, labor and in the case of gas maybe higher taxes always possible, changes in the value of the dollar. Being in the commodities business ( basically that's what the scrap metal biz is) I would never have thought copper would be over $4.00lb, 2 years ago it was around 2, steel over $400 a ton, 2 years ago it was around $800 and when I retired 7 years ago it was $150. I've seen gold go to 800 and back down to 4 or so, silver in 1 month from 15 to 49 and back down to about 20, all in a 30 day span (1979 or thereabouts). One word has more impact than anything else...........CHINA ! Gas at $5.00..........I would not bet against it. Quote
Jaheff Posted January 7, 2011 Posted January 7, 2011 I hope it doesn't reach $5 a gal. but my guess is that it will or get very close. Oil is a commodity like any other, they rise and fall with many variables attached to them, demand, politics, labor and in the case of gas maybe higher taxes always possible, changes in the value of the dollar. Being in the commodities business ( basically that's what the scrap metal biz is) I would never have thought copper would be over $4.00lb, 2 years ago it was around 2, steel over $400 a ton, 2 years ago it was around $800 and when I retired 7 years ago it was $150. I've seen gold go to 800 and back down to 4 or so, silver in 1 month from 15 to 49 and back down to about 20, all in a 30 day span (1979 or thereabouts). One word has more impact than anything else...........CHINA ! Gas at $5.00..........I would not bet against it. X2 How else are we gonna pay back the arabs? It's not just China we owe. Quote
Super User bilgerat Posted January 7, 2011 Super User Posted January 7, 2011 Kind of glad the Explorer crapped out and we're in a 4 cyl. Honda now... : You can thank our short sighted economic policies of the last few decades for what's coming. At one time we were capable of developing technologies that would have put the internal combustion engine out to pasture. But because no one wants to invest long term, and we don't manufacture much of anything anymore, here we are. Corporations are only interested in profits NOW. We could have been so far ahead by now.... Quote
Super User SirSnookalot Posted January 7, 2011 Super User Posted January 7, 2011 X2 How else are we gonna pay back the arabs? It's not just China we owe. The primary issue is not who we owe but demand, China is adding millions of cars along with their growing middle class. I'll stop with oil, that's what the thread is about, but just about every commodities affected on the world market. As Americans we feel the world revolves around us, it doesn't anymore, there are other players. Quote
Scorcher214 Posted January 7, 2011 Posted January 7, 2011 well i was driving to school yesterday morning, 3.19. After school it was 3.05. Now it is like 3.19 everywhere. Why would it go up though? It isn't summer... Quote
Super User slonezp Posted January 7, 2011 Super User Posted January 7, 2011 $3.35 for 87 octane. The price of oil is based on the U.S. dollar. With the value of the dollar getting lower, there has been speculation of OPEC changing to either the Euro or Yen as the currency to base the cost per barrel on. If that happens, who knows how high prices might get. Quote
Super User Root beer Posted January 8, 2011 Super User Posted January 8, 2011 $3.35 for 87 octane. The price of oil is based on the U.S. dollar. With the value of the dollar getting lower, there has been speculation of OPEC changing to either the Euro or Yen as the currency to base the cost per barrel on. If that happens, who knows how high prices might get. I don't think they will. If they change to Yen that great for us if the Yen stays depreciated to U.S. dollars. I doubt China will let it appreciate to U.S. dollars. It will kill their export business. Another reason I don't think they will, a lot of major countries even oil producers use U.S. dollars to back their country in event of economic crisis..dollar goes down, the price of oil rise or other commodities as a hedge. So, unless all the major players sell off U.S. dollars and find a new stabilizer, I don't see it happen. Euro under a lot of pressure with Greece and Ireland, so I doubt it be any time soon. I think other countries are too reliance on us to make the change. Quote
bmadd Posted January 8, 2011 Posted January 8, 2011 $3.35 for 87 octane. The price of oil is based on the U.S. dollar. With the value of the dollar getting lower, there has been speculation of OPEC changing to either the Euro or Yen as the currency to base the cost per barrel on. If that happens, who knows how high prices might get. I don't think they will. If they change to Yen that great for us if the Yen stays depreciated to U.S. dollars. I doubt China will let it appreciate to U.S. dollars. It will kill their export business. The Yen being pinned to the dollar is a huge thorn in our country's side. It is/has caused a lot of our economic problems imo. Quote
tipptruck1 Posted January 8, 2011 Posted January 8, 2011 I think its like 3.19 here for 87 octane. Since I have turbo car I run 91 or 93 octane its like 3.50 a gallon. Even if i had a non forced induction motor I would use 91. A lot better mpgs with 91. Quote
Super User BASSclary Posted January 8, 2011 Super User Posted January 8, 2011 Regular is 2.97 back in my part of 610, but closer to 95 its about 3.05 Quote
Super User firefightn15 Posted January 8, 2011 Super User Posted January 8, 2011 tipptruck, your scaring me, are you in Mosinee? I just gassed up there tonite @ 3.15 and premium was @ 3.35 Quote
Super User 5bass Posted January 8, 2011 Super User Posted January 8, 2011 Why would it go up though? A light bulb at one of Exxon's refineries blew out. They had to buy a new light bulb. They pass the cost onto the consumer. Quote
tipptruck1 Posted January 8, 2011 Posted January 8, 2011 I thought it was 3.19 at the gas station across from the re location bar. Were I get 91 octane is about .30 more then 87. Were are you getting gas In Mosinee for cheap? Quote
Super User firefightn15 Posted January 8, 2011 Super User Posted January 8, 2011 I thought it was 3.19 at the gas station across from the re location bar. Were I get 91 octane is about .30 more then 87. Were are you getting gas In Mosinee for cheap? Leitz's in Mosinee.........Up by the Location, Schofield, I can see it being a little higher. Quote
tipptruck1 Posted January 8, 2011 Posted January 8, 2011 Thanks. I will have to remember that. I also don't live in Mosinee I live like a mile or two from tropical gardens. If I left my house I could be there in like 10 mins. I just say I live in mosinee because in till a few months ago Kronenwetter didn't have a zip. Quote
Super User K_Mac Posted January 8, 2011 Super User Posted January 8, 2011 Too d**n much. Well said. It's good to have you back. Quote
Triton21 Posted January 8, 2011 Posted January 8, 2011 Too d**n much. IT'S ALIVE!!!!! IT'S ALIVE!!!!!!!!!!! Great to see you Burley. Kelley Quote
1inStripes Posted January 8, 2011 Posted January 8, 2011 2.94 for 87. I really don't see us hitting $5 for a few years past 2012. Quote
Super User Bassn Blvd Posted January 8, 2011 Super User Posted January 8, 2011 I think its like 3.19 here for 87 octane. Since I have turbo car I run 91 or 93 octane its like 3.50 a gallon. Even if i had a non forced induction motor I would use 91. A lot better mpgs with 91. If your motor isn't pinging and knocking, then you're paying to much for octane. Quote
jdw174 Posted January 8, 2011 Posted January 8, 2011 Just gassed up the boat last week......35 gallons of non-ethanol.....$110 . Add $12 for a couple cans of SeaFoam , add a splash of Ring-Free, and I'm good for quite a spell. Quote
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