Will someone please give me a logical explination

[Gunder]

of why gas is FOUR FUCKING DOLLARS A GALLON?

Seriously this is just fucking stupid.

[rideit]

uhhh...because of supply and demand, and the possibility of making a killing in futures and shorts?

Did you not see this coming?

[powderhound100]

can you give a logical explanation why your care (and the average car in the US) has such a bad gas mileage?? there is no excuse.

[rideit]

The average care...poetic.

[Tectonically_Neglected]

You've used too much gas. Simple.

[f2f]

Yurpean mags are laughing so hard they can't even be bothered to type a condescending message like "silly murkans, gas has been $8 a gallon here for the past 20 years!"

[skinny_kid]

The weak dollar has caused the price per barrel to go up?

[neck beard]

Its kind of odd how out of touch some people are.

Speculative activity along with good old fashioned Demand for oil > supply for oil. Gas comes from oil. Price of gas has risen.

For fucks sake, this has been predicted for years. And rest assured, this is only the beginning.

Why do people seem so surprised?

Real quality of life wont fall that much because there is so much surplus fat in society that can be removed from daily life. Problem is, lots of people make their mortgage payments by selling you this fat.

Society has been way in excess of sustainable consumption of junk and fat for a long time. Now, driven by fuel costs, equilibrium and normalcy will return. Many people wont like that that means.

And guess what, its rising on other countries as well you know. So are food prices.

[Sirshredalot]

It's not just the oil price. We also haven't built any new refineries in the US in decades.

[BakerBoy]

He's pissed because he just bought an 07 Tundra, and a 08 Ski-doo sled, and doesn't shoot enough full-time, and definitely doesn't help his friends out enough.

My favorite is the ULSD upgrade they just did at BP Cherry Point 3 years ago. Now that its finally online, they feel its okay to pass that expense along to customers while they reap windfall profits. Today, one year ago, diesel was $3.01 in Whatcom County. Now it's $4.75. Shit like that just "doesn't happen".

[sftc]

Blame Canada!



As a country they are our single biggest supplier of foreign oil and in 2004 $1 US was worth about $1.4 Canadian, and now it's about even.

I'm always surprised how this is never mentioned in the media.

Oh, and blame Mexico while you're at it since they are our second biggest supplier.

I know it's logical that we would import as much oil as possible from our nearest neighbors, but it's interesting how the US government and media always blames "the Arabs" for the price of gas rather then face the fact that we are greedy pigs wallowing in the shit created by our failed energy policies and now Canada and Mexico are reaping the big profits created by our stupidity.

[kingofmyrrh]

http://www.slate.com/id/2191491/

You're not paying enough.

Not that I disagree with anything mentioned above, but gasoline isn't even that expensive when checking against historical prices.

[MTT]

Seems not long ago A barrel of oil was 60$ and a gallon of gas was 2.50?

Now Oil is 120+++ per barrel and gas is 3.89$

I think were are in for a rough ride. I don't see it going down.

Shame that is my part of the world No GAS = No life. Many are going to have to make some serious lifestyle changes to survive.

I don't like it, but ???

I am unemployed live in the boonies (NO Public Transit for 10 miles) and the Jeep has a 1/4 tank right now. Talk about feeling trapped.
When working I probably would not give a shit about the 80$ fill-ups.

Right now it costs 40$+ just in gas to drive to a spot to tour so I can't even do that while I have all this free time.

Sell Touring equipment for gas and Morgage????

[splat]

Seems not long ago A barrel of oil was 60$ and a galolon of gas was 2.50?

Now Oil is 120+++ per barrel and gas is 3.89$

I think were are in for a rough ride. I don't see it going down.

Heads up. It hit $133 yesterday.
We're not in for a rough ride, we're in for a royal reaming.
I'm starting to feel like if I go down to SA, I'll be sailing back.

[bio-smear]

of why gas is FOUR FUCKING DOLLARS A GALLON?

Seriously this is just fucking stupid.

You make me tired.

[GoNads]

In the same boat as Gunder, just got a 3/4 ton pickup, and 800cc sled.

Seriously though, like BakerBoy said, compare prices a year ago to today, or even pre 911 vs today. Sure, the middle east is a large supplier of oil, but what about alberta (athabasca tar sands, yes it costs more to refine and extract but I'm pretty sure its one of THE largest reserves in the word)? Or Texas? Or offshore like hibernia? There's lots of oil, and yes, demand has gone up but not enough to justify the current cost.

I think oil companies realized after "ZOMG 911, NO MORE OIL FOR ANYONE!" that they could hike prices, and people will still pay, we all need gas, we're not going to stop buying it... and they got greedy and continued to hike prices. I'm sorry, but for example after Katrina there was a huge hike in oil prices... sure enough there are refineries in texas but what about the other 90% of refineries around the world? WHAT THE FUCK.

I can recall gas here in Canada costing 0.50 per Liter back in my childhood. (Yes, not that long ago.) And suddenly its 1.35-1.40$? Please explain how you can triple the cost in less than 15 years?

And no, I'm not about to get a smaller truck or stop sledding, it just means I'll be cramming even more people in the truck when its comp season. I got a crew cab for a reason. (More room to sleep, har.)

[kingofmyrrh]

In the same boat as Gunder, just got a 3/4 ton pickup, and 800cc sled.

Seriously though, like BakerBoy said, compare prices a year ago to today, or even pre 911 vs today. Sure, the middle east is a large supplier of oil, but what about alberta (athabasca tar sands, yes it costs more to refine and extract but I'm pretty sure its one of THE largest reserves in the word)? Or Texas? Or offshore like hibernia? There's lots of oil, and yes, demand has gone up but not enough to justify the current cost.

Care to justify?

And no, I'm not about to get a smaller truck or stop sledding...

That doesn't exactly invite sympathy, although I won't pretend I can't see where you're coming from.

[skier666]

Its to the point where I get excited when its under $4.20 a gallon for premium.

I remember paying .99 for regular in Rock Springs, WY in 1996. :-)

[philippeR]

In the same boat as Gunder, just got a 3/4 ton pickup, and 800cc sled.

Seriously though, like BakerBoy said, compare prices a year ago to today, or even pre 911 vs today. Sure, the middle east is a large supplier of oil, but what about alberta (athabasca tar sands, yes it costs more to refine and extract but I'm pretty sure its one of THE largest reserves in the word)? Or Texas? Or offshore like hibernia? There's lots of oil, and yes, demand has gone up but not enough to justify the current cost.

I think oil companies realized after "ZOMG 911, NO MORE OIL FOR ANYONE!" that they could hike prices, and people will still pay, we all need gas, we're not going to stop buying it... and they got greedy and continued to hike prices. I'm sorry, but for example after Katrina there was a huge hike in oil prices... sure enough there are refineries in texas but what about the other 90% of refineries around the world? WHAT THE FUCK.

I can recall gas here in Canada costing 0.50 per Liter back in my childhood. (Yes, not that long ago.) And suddenly its 1.35-1.40$? Please explain how you can triple the cost in less than 15 years?

And no, I'm not about to get a smaller truck or stop sledding, it just means I'll be cramming even more people in the truck when its comp season. I got a crew cab for a reason. (More room to sleep, har.)

World petrol consuption



Per capita



Increase between 1965 and 2003



There are 1,330,044,605 chinese. And 33,212,696 Canadians. I suggest you get yourself an efficent vehicule...

[bklyn]

Get a summer vehicle if you don't want to give up your truck. A motorcycle or a vespa that gets better gas mileage. Most of you guys live in the burbs so telling you to walk or take public transportation won't help.

Fuel costs are going to continue to rise.

[Roo]

American gasoline is dirt-cheap compared with gas in other countries. British motorists are currently paying about $8.38 per gallon for gasoline. In Norway, a major oil exporter, drivers are paying $8.73. In 2007, out of the 32 industrialized countries surveyed by the International Energy Agency, only one (Mexico) had cheaper gasoline than the United States. Last year, drivers in Turkey were paying three times as much for their gasoline as Americans were. The IEA data also show that in India—where the per capita gross domestic product is about $2,700 (about 6 percent of the per capita GDP in the United States)—drivers have been paying more for their diesel fuel and gasoline than their American counterparts.


$4? You're not paying enough.

[neck beard]

No offence, but buying a 3/4 ton truck in times like these lacks both a finger on the here-and-now pulse and foresight for the obvious days ahead. Follow Brkln's advise.

Or better yet, I'd be selling the big truck soon, or else its depreciation through oversupply of second hand vehicles flooding the sellers pages of the newspaper will be rather nasty, all on top of 4.50 a gallon. Cant find a buyer for it, cant afford to fill it. Let it rust. A common scenario after a boom. You see evidence of it all over the place in Japan: bubble times... massive excess... bubble bursts... huge over capacity that's too expensive to maintain/no customers... infrastructure cant be sold off because no one afford to run it. So it rusts. That's why I can buy a massive 20 bedroom hotel in my town on a 1 acre block for... $200,000. It is relatively worthless because its the left over capacity from an excessive bubble. Like 3/4 ton trucks will be (when owned for leisure or amusement)

Phillipe's data should make you go pale (or start a big war) and Roo's comparative assessment is right on the mark. $4 is still well below equilibrium.

Its not just happening in America, but America will feel it the most. And the pain from filling yer tank will be small relative to the pain at the supermarket checkout (and housing slump + credit squeeze + stagflation + dying USD). Sorry be so negative.

Whilst everyone was bubbling on about Global Climate Change, they forgot about Peak Oil. Its fucking horrendously scary.

[philippeR]

A gallon of gas is around 5.7 E in France. That's close to 9$... (if I got my conversions right)
The strong Euro has been a blessing for our energy bill.
Of course, my commuter 125cc motorbike averages 80mpg...

[Nathan Explosion]

He's pissed because he just bought an 07 Tundra, and a 08 Ski-doo sled, and doesn't shoot enough full-time, and definitely doesn't help his friends out enough.

My favorite is the ULSD upgrade they just did at BP Cherry Point 3 years ago. Now that its finally online, they feel its okay to pass that expense along to customers while they reap windfall profits. Today, one year ago, diesel was $3.01 in Whatcom County. Now it's $4.75. Shit like that just "doesn't happen".

You haven't stopped to consider that the ULSD mandate from the government has created a fuel which is considerably more expensive to produce, and those "upgrades" are measured in the hundreds of millions of dollars, have you?

Profits go to exploration. More domestic exploration leads to lower domestic prices, because you cut out the middle man, OPEC. So, drill at home, or stop whining.

[keksie]

awww, poor you all, gas is expensive.. go buy even bigger trucks and see if that changes the situation.