Gas prices...
Driver School Candidate
Joined: Jan 2011
Posts: 40
Likes: 0
From: California
It's seems J-P-L trying to undermine counter measures or shoot down any ideas regardless if it works or not; you must be in petroleum industries or own petroleum stocks. Let's cut down on driving and gas consumptions. GO CARPOOL OR RIDE PUBLIC TRANSITS!!!
Driver School Candidate
Joined: Jan 2011
Posts: 40
Likes: 0
From: California
Lexus Fanatic
Joined: May 2003
Posts: 7,864
Likes: 0
From: Massachusetts
Public transit and carpooling also isn't viable for most.
BTW, I drive a 40 MPG car, what's your contribution?
Edit: based on your profile, an SUV. Interesting.
Last edited by -J-P-L-; May 7, 2011 at 08:57 AM.
Lexus Fanatic
Joined: May 2003
Posts: 7,864
Likes: 0
From: Massachusetts
I assume you're joking?
The reason I believe it could never get over $6/gal (national average) in today's dollars, is because the economy wouldn't support such a price. That already seems to be happening as it passes $4/gal. As soon as the economy is very negatively effected by gas prices, businesses and consumers change their habits, demand falls, and then gas comes right back down.
That said, gas is the last thing people lower their consumption on as prices increase, because it is such a necessity. For example, if milk went to $10/gal, people would stop buying milk because you don't need milk to live. Then, milk would drop way back down to the reasonable price at which people are willing to buy it.
The reason I believe it could never get over $6/gal (national average) in today's dollars, is because the economy wouldn't support such a price. That already seems to be happening as it passes $4/gal. As soon as the economy is very negatively effected by gas prices, businesses and consumers change their habits, demand falls, and then gas comes right back down.
That said, gas is the last thing people lower their consumption on as prices increase, because it is such a necessity. For example, if milk went to $10/gal, people would stop buying milk because you don't need milk to live. Then, milk would drop way back down to the reasonable price at which people are willing to buy it.
Lexus Test Driver
Joined: Jan 2002
Posts: 8,764
Likes: 1
From: Treasury
Issue is I can buy milk from local sources and even if not local its not so controlled by the commodity markets.
I will say it over and over again, demand is only a small part of why gas prices are high.......
I will say it over and over again, demand is only a small part of why gas prices are high.......
Lexus Fanatic
Joined: Nov 2008
Posts: 14,100
Likes: 1
From: tech capital
No change again at local Chevron station in Silicon Valley. $4.279 regular, $4.449 premium. It's been steady for a few days.
An article in local San Jose newspaper predicted "gas prices being down at least $.25 by July".
An article in local San Jose newspaper predicted "gas prices being down at least $.25 by July".
Lexus Fanatic
Joined: Oct 2003
Posts: 94,511
Likes: 261
From: Virginia/D.C. suburbs
I'm seeing a slight drop here in NoVA.....down 4 cents today. Crude-oil prices are finally dropping on the world market. The death of Osama-Ben-Laden has seemed to have some effect on world prices, as virtually any significant piece of news out of the Middle East does.
Lexus Fanatic
Joined: May 2003
Posts: 7,864
Likes: 0
From: Massachusetts
It would go against all past trends to see gas go down heading into the summer. The summer gas blend hasn't even started yet, nor the busy summer driving season.
So even though crude and some pumps may have dropped a bit this week (I haven't seen a drop in my area), it is either likely to remain steady around $4 or go up a bit through summer before coming down around August or September. Crude would have to drop significantly to offset the usual summer spike.
So even though crude and some pumps may have dropped a bit this week (I haven't seen a drop in my area), it is either likely to remain steady around $4 or go up a bit through summer before coming down around August or September. Crude would have to drop significantly to offset the usual summer spike.