Record High Gas Prices?

[Arragonis]

£1.34 (well 133.9p) a litre yesterday at a very busy Shell garage.
£1.32 (131.9p) at the non-busy Morrisons supermarket 1/2 a mile away.

[jamesqf]

Originally Posted by Joenavy85

how much does it cost to replace the battery bank though? that's a serious question, i've actually considered getting a 1st Gen Insight to hypermile

Assuming you ever have to, you can find salvage battery packs for around $400.

But you seldom need to replace the entire pack: you can do battery re-balancing & replace individual "sticks" in the pack. There are several threads about it on here.

[MGB=MPG]

Hold on to your socks you ain't seen Nuttin yet..

with certain events at 50% probability spike in pricccce .barrel to 170 range in Market Panic and speculation .the frenzy is starting all they need is a good opening gun..

whts that make USA pump avg / gallon 5$ ?

thats a good chart ...Inflation Adjusted

[robchalmers]

just paid $7.91 for diesel at the cheapest station near me

[darcane]

Originally Posted by MGB=MPG

Hold on to your socks you ain't seen Nuttin yet..

with certain events at 50% probability spike in pricccce .barrel to 170 range in Market Panic and speculation .the frenzy is starting all they need is a good opening gun..

whts that make USA pump avg / gallon 5$ ?

Are you referring to Libya? Libya is more of an effect than a cause. It may have triggered the rapid climb in gas prices, but it was going to happen anyways.

Commodities were all climbing quickly starting in about october of last year, including gasoline:
NYH RBOB Gasoline (RB, NYMEX): Weekly Price Chart

Other commodities were doing the same (Rice, wheat, corn, oats, etc) and all tied to the Federal Reserve devaluing our currency (Fancy fed term: Quantitative Easing). This is actually the second time the Fed did this (QE2), the first go-around, commodity prices went up (you can see it in the link above, in '08-'09) and gasoline prices came up as well, lagging behind several months. Same as we are doing right now.

Related video on CNBC.

At any rate, I agree and I fully expect gas prices to continue to climb for the next three months.

Mike
(Gotta get my motorcycle roadworthy...)

[Frank Lee]

Stretching Your Dollars at the Pump

Most expensive U.S. gas? And the media's take on hypermiling.

[gone-ot]

...hypermiling = perpetual "coasting"

[Arragonis]

Originally Posted by Frank Lee

Stretching Your Dollars at the Pump

Most expensive U.S. gas? And the media's take on hypermiling.

During the last spike me and the Mrs were still doing the "This is cheap" dance at every station we stopped at.

£1.34 for Diesel today, I think that is over $8 just - depends on the exchange rate of course.

[MGB=MPG]

Are you referring to Libya

noooo .. the other players more major in the GOO and the Arabian Fields are in my mind ..

looking at the timing of the spikes in the chart in prior posts ARE YOU SURE
there is not economic war ongoing..

just when is

Peak oil - Wikipedia, the free encyclopedia



if i were a good analyst i would integrate world wide oil demand ..what happens when China and India come full on line in the demand side?

[igo]

Wow, one of my old threads brought back to life.

Yeah it is looking like it will be a wild summer for oil and gas prices.

Will we top +$140s for oil and +$4.00/gal US average this summer? I doubt it but, will will be very close (if everything holds constant and the world doesn't go to " oil panic" mode).