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  1. #1
    Join Date
    Aug 2008
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    Central Florida
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    US - Gas prices' earliest-ever rise above $3.50 a bad sign for motorists

    This is horrible news for the economy. Once gas goes up everything follows. I went to the food store last week and was in shock at the prices but I bet this is only the beginning.

    "This definitely sets the stage, potentially, for much higher prices later this year," said Brian L. Milne, refined fuels editor for Telvent DTN, a commodity information services firm. "There's a chance that the U.S. average tops $4 a gallon by June, with some parts of the country approaching $5 a gallon."

    http://www.mcall.com/business/mc-gas...tory?track=rss
    "Life is life's greatest gift. Guard the life of another creature as you would your own because it is your own. On life's scale of values, the smallest is no less precious to the creature who owns it than the largest..." Lloyd Biggle, Jr.

    Let's bring Michelle Parker home: http://www.websleuths.com/forums/sho...ichelle+parker

    All statements made by me are based on my opinion.

  2. #2
    Join Date
    Jul 2004
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    23,796
    I'm getting so sick of this. Gas prices go up, everybody has to pay them there are no other choices, people keep buying gas so gas prices go up again!

    I don't care how we do it. But we have to do something about finding an alternative fuel source or method. There have been a lot of potentials.... corn, solar and other possible alternatives. But there seems to be some block between conception of the idea and getting them out to the public.
    Just when I think that I have seen the most depraved things a human can do to another human, somebody posts a new story...........

    Why is it that when a custodial parent fails to provide for a child it is called neglect and is a criminal matter. But when a non custodial parent fails to provide it is called failure to support and is a civil matter?


    "Just when the caterpillar thought its world was over, it became a butterfly" ~ Michelle Knight

  3. #3
    Join Date
    Aug 2009
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    10,154
    Quote Originally Posted by mysteriew View Post
    I'm getting so sick of this. Gas prices go up, everybody has to pay them there are no other choices, people keep buying gas so gas prices go up again!

    I don't care how we do it. But we have to do something about finding an alternative fuel source or method. There have been a lot of potentials.... corn, solar and other possible alternatives. But there seems to be some block between conception of the idea and getting them out to the public.
    [bbm]

    yeah, the block is political

  4. #4
    Join Date
    Dec 2008
    Location
    Penn's woods
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    17,195
    We are paying about $4.00 average here. Depends on where you go. But it was higher last summer.

  5. #5
    Join Date
    Nov 2008
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    4,973
    We have been going through a "gas crisis" since the 1970's. If this country wanted to come up with alternative energy sources, we would have. I agree it is way too political. We are the greatest country on earth, imo. This is ridiculous.
    Maybe we need a new political party. The Energy party, and it will be composed of scientists and entrepreneurs and people who really care about other people and this world. Right, fat chance.
    But, no, now we all have to worry about fracking and what that is doing to our environment. Makes me sick.

  6. #6
    I hardly ever go anywhere anymore already. If you don't go anywhere, you don't spend money. If you don't spend money, more businesses close their doors.

    I'm beginning to think that TODAY might be the new "good" economy. If gas prices continue to rise, I'll probably be right.

  7. #7
    Join Date
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    Central Florida
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    Quote Originally Posted by mysteriew View Post
    I'm getting so sick of this. Gas prices go up, everybody has to pay them there are no other choices, people keep buying gas so gas prices go up again!

    I don't care how we do it. But we have to do something about finding an alternative fuel source or method. There have been a lot of potentials.... corn, solar and other possible alternatives. But there seems to be some block between conception of the idea and getting them out to the public.
    IMO there are no truly worthwhile alternatives yet.

    Keep in mind that the corn/biofuel alternatives are ruining engines. Think of the environmental impact of all the discarded machinery due to ethanol. Here from Popular Mechanics:

    Most people realize that all of us burn gasohol—a mixture of gasoline and alcohol—in our cars. Just about every gallon of gas pumped today contains as much as 10 percent domestically produced ethanol. Gummed-up fuel systems, damaged tanks and phase separation caused by stray moisture infiltrating fuel systems have plagued many consumers since this mixture debuted, and the problems will only get worse if government policy to increase the proportion of ethanol to gasoline is implemented. Read more: E15 and Engines - Can Ethanol Damage my Engine - Popular Mechanics

    Solar panels and extreme wind: we looked into solar power for our home. We live in the "sunshine state" so it made sense. One of the many negative factors for us was the realization of what could potentially happen during extreme wind storms and hurricanes. Large areas of our country, especially those in the south, are faced with regular tropical storms and hurricanes. Consider that most homes outfitted with solar will cost about $20,000 with an approximate 20 year turn around to savings. Say you went with that program and a tropical storm blows through with gusts up around 100 mph and takes a whole bunch of those panels with them (if your roof can blow off..the panels will go with it). I would imagine coverage for this will be a huge added expense on home insurance as we're now talking a lot more than just replacing our roofs. Plus, where did all those panels go? How many of our neighbors homes did they just damage? Autos? RV's? There are so many aspects beyond just the cost of the system itself to consider.

    It's easy to embrace alternative energy, but before we drop billions into producing alternative power, I think we need better ideas. Even electric cars...what fuel source is used to make the energy that powers the car up? Do we spend $20K on solar panels in order to power up a vehicle to save us a few dollars a month on gas? How much of the panels is made up of materials produced from fossil fuels (ie plastics) and are not biodegradable? How do we compensate for the much higher insurance costs and repair costs due to storms? Why have so many of the government sponsored solar companies (tax dollars down the tubes) gone belly up in the past few months? I think there are still way more questions than answers.

    --
    "Life is life's greatest gift. Guard the life of another creature as you would your own because it is your own. On life's scale of values, the smallest is no less precious to the creature who owns it than the largest..." Lloyd Biggle, Jr.

    Let's bring Michelle Parker home: http://www.websleuths.com/forums/sho...ichelle+parker

    All statements made by me are based on my opinion.

  8. #8
    Join Date
    Dec 2008
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    Penn's woods
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    We were at $4.23 yesterday.

    ETA: what we are seeing here is the cost of food dramatically increasing because of gas costs. In the past month milk has jumped about a 1.00 a gallon. I found it for about 5.50ish a gallon on the army post grocery store but in town it is about 8 a gallon and the closer you get to honolulu the higher the cost. Downtown it can be almost 10 a gallon.
    Last edited by Kat; 02-23-2012 at 03:36 PM.

  9. #9
    Join Date
    Jan 2004
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    7,020
    Once again, speculators behind sharply rising oil and gasoline prices

    Read more here: http://www.mcclatchydc.com/2012/02/2...#storylink=cpy

    WASHINGTON U.S. demand for oil and refined products including gasoline is down sharply from last year, so much that United States has actually become a net exporter of gasoline, unable to consume all that it makes.

    Yet oil and gasoline prices are surging.

    On Tuesday, oil rose past $106 a barrel and gasoline averaged $3.57 a gallon thanks again in no small part to rampant financial speculation on top of fears of supply disruptions.

    The ostensible reason for the climb of crude prices on the New York Mercantile Exchange, where contracts for future delivery of oil are traded, is growing fear of a military confrontation with Iran in the Persian Gulf's Strait of Hormuz, through which 20 percent of the world's oil passes.

    Other factors driving up prices include last month's bankruptcy of Petroplus, a big European refiner, and a recent BP refinery fire in Washington state that's temporarily crimped gasoline supply along the West Coast; gas now costs an average of $4.04 a gallon in California.

    While tension over Iran has ratcheted up over the last few months, the price of oil and gasoline has leaped far beyond conventional supply and demand variables. Financial speculators are piling into the market, torquing the Iranian fear factor into ever-higher prices.
    ------

    Consider that light, sweet crude trading on the NYMEX changed hands at $79.20 a barrel just four months ago, but soared past $106 a barrel Tuesday afternoon, partly on news that Iran would halt shipment of oil to Britain and France. But those countries already had stopped buying Iranian oil. And Didier Houssin, the International Energy Agency's director for energy markets and security, said that "there are alternative supplies that can make up for any loss of Iranian exports," The Wall Street Journal reported.
    -------

    What should the price of oil be if left to conventional supply and demand market fundamentals? Canada's the largest supplier of imported oil to the United States, which now actually produces more than half of the oil it consumes. Production and delivery costs for a barrel of oil from Canada are about $75 a barrel. The market-fundamentals cost for a barrel of oil is in that ballpark; above that, speculation sets the prices.

    "It's as simple as that," said Gheit, who has testified before Congress and called for regulatory limits on speculation in commodities markets.
    ------

    "These people are not there to be heroes. They are there to make money. It's our fault because we are allowing them to do that," said Gheit. "Obviously these people are very strong, and the financial lobby is the strongest of any single lobby. I've been in this business 30 years, and I can tell you I think this is smoke and mirrors."

    What's indisputable is that oil and gasoline are not in short supply, and that demand remains weak. That was crystal clear in the latest weekly energy market update by the U.S. Energy Information Administration_ published last week for the week ending Feb. 10.


    More at link with a couple of good charts......

  10. #10
    Join Date
    Oct 2005
    Location
    SF Bay Area, CA
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    1,523
    Quote Originally Posted by Kat View Post
    We were at $4.23 yesterday.

    ETA: what we are seeing here is the cost of food dramatically increasing because of gas costs. In the past month milk has jumped about a 1.00 a gallon. I found it for about 5.50ish a gallon on the army post grocery store but in town it is about 8 a gallon and the closer you get to honolulu the higher the cost. Downtown it can be almost 10 a gallon.
    The Shell Station down the street from my place in Sacramento is $4.25, $4.35 and $4.45. And am I reading that right? Milk is over $5 a gallon? I thought we had it bad in CA. Wow.


  11. #11
    Join Date
    Dec 2008
    Location
    Penn's woods
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    I'm not trying to derail your thead RO, my apologies in advance (but we are already feeling the impact of the rising oil and gas prices in our food and more than likely mainland will feel the pinch too eventually).

    Yes itsreenw, that is the price that I pay for milk at this moment. I can't afford not to go into the grocery store here and get it, I can't pay the prices any other place.

    Below is a video (she looks like she is in the Foodland about a mile or so from my house) and it was taken almost a year ago. Prices have seen shot up again since this woman filmed this:



    The yellow stickers are the sale price if you have a members card.
    Last edited by KateB; 06-15-2015 at 09:54 PM. Reason: repair url tag.



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