$105 oil (now $119 oil)
 

So today was the third record breaking day for crude this week. $105.97 a barrel! It will probably reek havoc on the summer gas prices if it stays this high or higher. So, I guess it is time to kick it up a notch on my driving technique.

http://ap.google.com/article/ALeqM5i...BB-tAD8V80B0O0

I hope North America gets more FE and EV cars.

I just took my first bicycle ride of the season today. I'm not ready for the record setting as prices but I will be soon. :D

Now just to get that MTB....

makes me glad I got my Big Dummy built already :)

Heck, the wife's even thinking of getting a bus pass for her trips to work, it doesn't get better than that.

No more driving for me :)

Shoot, $63/bbl equivalent (dollar index was at 125 then versus 75 now) in 2005 and it wouldn't look nearly so bad. I guess that's what we get here in the states when the gubberment runs the printing presses at full speed.

*shrugs*

I was talking to someone at w*rk whose husband spends $550/mo driving his SUV to BR (70+ mi one way) every day. :eek: She was complaining that they couldn't afford to have a child. Meanwhile it takes me 2-3 weeks to burn 10 gals.

Another cow orker is looking at a Yaris, Fit, or Matrix for non-MC days. :)

Crude hit $106.54 during trading today (a new record high). But it closed at the low price of $105.

looks toppy to me i'm selling my oil futures.

so high oil prices prevent children, maybe we have a chance yet. not that there is anything wrong with children.

there's so many people growing the population to larger amounts, I don't think that we need anymore.

It prevents children only if you're not smart enough to realize the link between fuel savings and your budget. Darwinism at work!

AH HA! the missing link!!! :rolleyes:

It went up to $108.21 today and closed at $107.95 a new record once again.

This time last year oil was $60 a barrel and the US average price of gas was $2.56

Higher Oil, Higher, Higher, weeeeeeee, Higher, weeeeeee!!!

I feel a bit like a citizen of Sodom and Gomorrah. Rooting for the end, but realizing I'm sinking with the ship... :(

- LostCause

Holy moly. I feel bad for the person that budgeted just enough to buy that new Hemi Durango... and forgot about calculating the extra gasoline expense :D

How are people on this site getting by with the premium price of fuel these days?

well... can't say much more than I can complain all I want but I'm gonna have to buy weather I complain or not cause it's essential right now to get to and fro from school. Just driving slower and slower. Although I've had to sacrifice FE to pick-up my cousin in the morning, I get a reward with some gas money. When I drive alone though, it's 50mph the whole way there!

109.75 today.

Every day is a new record. This is getting a little scary.

I'm afraid RH77 is right. The trickle down is going to hurt.

Maybe my Geo getting totaled last week was some sort of sign :eek:.

Save yourselves people! I feel like the only man in a lifeboat watching the Titanic sink... *worried*

$110.06 oil keeps inching up to a new record every day.

I'm right next to you - rooting and sinking.
Fortunately for me my future is being decided as I sift through graduate school junk and it involves me not driving at all. I guess that means I'm grabbing a mast or smoke stack and instead of being below deck.

After a bit of a cool down for a month, oil is back with a new record of $112 during trading today. I guess there was a cut back in production.

http://money.cnn.com/2008/04/09/mark...ion=2008040910

Anytime oil hit a new high I feel like I have to mention it in this thread.

$112 for 1 bbl = $2.67 per 1 Gal add your local tax and some refining cost/profits (that is what ever is left).

That does it. I'm ordering my Scanguage right now.

Bit by bit it keeps creeping up. Today oil hit $113.99 and closed at $113.79

US average gas prices hit a record high today too of $3.386 / gallon.

http://news.yahoo.com/s/ap/20080415/..._ge/oil_prices

Well, a bunch of people somewhere are making a lot of money. It ain't me.

Maybe were all just a bunch of frogs, sitting in hot water and someone is just going to keep turning up the heat until were all cooked?

This thread was started on 03/06. 40 days and 8$ a barrel.:eek:

So what is causing the price of oil to rise so much? I will throw out a few reasons.

-Inflation is getting bad and the stock market isn't looking so hot right now. Gold, sliver, and oil prices are going up because investors consider them safer then the stock market.

-Increased worldwide oil demand. There has been actually a decrease in gasoline use in the US recently which is pretty amazing, but I assume that isn't the case everywhere.

-Anytime any little negative oil production related thing happens investors freak and the price goes up.

-Peak Oil???

So, oil is up to $115. Three days in a row with record highs!

Fill up when you get a chance because I would bet higher gas prices are on the way. Well it might be too late by now.

How far out is that? We jumped a nickel at the pump today.

I coasted into the gas station today to fill up and I saw the price went up 10c overnight and I left. I think I have another 50 miles left in the tank which should be good for at least the weekend. Maybe I screwed myself but for some reason couldn't bring myself to fill up when there was still perfectly good gas still in the tank.

You probably cost yourself another 10c:mad: but yea every time I drive by the station it changed from the day before.

Subscribed.
I've got to finnish up my loose projects so I can get the apple seed up and running.
I'm thinking about pouring about 20% SVO in my diesel now, I did 10% last tank.

Day #4 for record oil highs (in a row)

So nearly a $2 jump to $117. Gasoline hit a new high too of $3.474/gallon for the US average. Up 9 cents in 3 days.

http://66.70.86.64/ChartServer/ch.ga...&Unit=US%20$/G

Ok, just in case anyone forgot gas was $1.30/gallon and oil was $25 a barrel 6 years ago. It seems hard for me to believe how cheap gas used to be.

Take a look around and put what you see to memory. I suspect you'll be saying the same thing 6 years from now...~$3.474/gallon is cheap. Like Matthew Simmons likes to say: hey, it's only xx cents a cup!

We should make predictions on how high a barrel will go this year. I believe prices will peak at $160/barrel around Labor Day. Any other predictions? :)

- LostCause

My predictions are always wrong, so I'll go along with you.

However, a couple of American and Europeans oil investors are predicting oil will go to $70-90 later this year (when? I do not know) before going to record highs, never to return for 20 years (no predictions were made after that).