$5.00 a gal. gas this spring

[MR.hp]

So the word for the summer of 2011 is gas will be around 5 bucks a gal.
Will this ruin anybodys plans?

I know one thing, the Camaro may get a 7.5 comp. BB instead if the hotter Small block so I can race cheaper. The Suburban will now get a TBI Vortec 350 and I will get rid of the guzzling 454.

[Guest]

Doesn't bother me. Diesel sure is an ass kicker when you use over 50,000 gallons though.

[Jumpercables]

Why up so much?

[MR.hp]

Why up so much?

I am sure the rich oil co. have had it tought the last few years:rotfl:
So when the economy is bad we should raise prices. I think the oil prices are what started this whole mess anyway IMO.

[Z28SSMAN]

Unless there's a major event like a terrorist attack, there's no reason for it to go that high. Wouldn't make sense to even go higher than even $3.25-3.50. I guess time will tell. I think someone from an oil company said $5.00 by 2012, but others say no.

[MarkisaTCScocksucker]

Oil prices will be high as long as the dollar is in the tank. A devalued dollar buys less foreign goods.

[Guest]

I doubt it will happen. But, the rest of the world is increasing their consumption exponentially, and all commodities have been extremely volatile the past few years...so who knows.

[Z28SSMAN]

Oil prices will be high as long as the dollar is in the tank. A devalued dollar buys less foreign goods.

There are positives and negatives in that statement

[kelly andersen]

The guy said it wouldnt be till 2012, you have to remember the oil companies buy from opec who keeps raising the price. We are not the only country using oil,India and china use more than we do, so figure it out,supply and demand and greed by ahab the arab pretty much seal our fate, oil companies just pass the cost on,plus we havent built a refinery in 20+ years thanks to the tree huggers and we are not doing any offshore drilling anymore.

[Fast Eddy]

Oil is priced in dollars and someone just keeps printing more dollars.

[Jumpercables]

Interesting.

[Z28SSMAN]

Jumpercables' chart makes sense. I knew that we import most of our oil from Canada. Perception is that we get most from the Middle East, but data shows otherwise.

Let's face it...the internal combustion isn't going away (at least not in our lifetime) so the way I see it, if we used our resources in a safe and thoughtful way, the prices could drop. If the gov decides to tax the hell out of the oil producers, then all we'll get is a higher priced product produced here.

But I guess given the choice of sending the money out of the country or keeping it here, I'd rather see the money stay here. At least the jobs stay here.

http://tonto.eia.doe.gov/dnav/pet/pe...im0_mbbl_m.htm

http://www.usgs.gov/newsroom/article.asp?ID=1911

[Z28SSMAN]

Oil prices will be high as long as the dollar is in the tank. A devalued dollar buys less foreign goods.

US dollar seen rising in 2011 after rough 2010

[Z28SSMAN]

I'm not betting on the price of gas but....

NEW YORK (MarketWatch) -- The Energy Information Administration's latest gasoline price forecast estimates that regular-grade motor gasoline's retail prices will average $3.17 a gallon this year, 39 cents per gallon higher than last year. The EIA, which released its estimate on Tuesday, said prices will average about 5 cents per gallon higher during the April through September peak driving season. Current market prices of futures and options contracts for gasoline suggesting more than a 25% probability that the national average retail price for regular gasoline could exceed $3.50 per gallon in the June through September period this year, and an 8% to 10% probability that it could exceed $4 per gallon in August and September.