Crude Oil Hits New All Time High $102.54 a Barrel And its gonna get Much Worse

its Possible Gas Prices could Hit $4 a gallon and Could go as high $7.50 a gallon

by Summer

i doubt it would get to 7.50 who would buy it?

I just can't wait till i can drive, 4$ a gallon! WOW

i doubt it would get to 7.50 who would buy it?

at 3.50 the us demand for oil has hardly decreased

 

There is some point that it will go done

 

But I hate hearing people complain so much about the price and continue to buy the same ammount. If it sucks so much change your habits.

at 3.50 the us demand for oil has hardly decreased

 

There is some point that it will go done

 

But I hate hearing people complain so much about the price and continue to buy the same ammount. If it sucks so much change your habits.

Agreed gas prices may continue to go up but i don't complain i wanted the truck that has a 30 gallon tank and only gets about 15mpg or less. If you complain about it then go out and buy a hybrid if it bothers you that much. Yes it sucks at the pump every 2 weeks for me but that is why i only drive to and from work. 16mi everyday

Agreed gas prices may continue to go up but i don't complain i wanted the truck that has a 30 gallon tank and only gets about 15mpg or less. If you complain about it then go out and buy a hybrid if it bothers you that much. Yes it sucks at the pump every 2 weeks for me but that is why i only drive to and from work. 16mi everyday

This is one of the things that doesnt bug me

 

people whine about gas guzzlers

 

I dont care if you car gets .01 mpg

 

If you can afford it great spend your money however you want

 

Its when people driving H2's complain about gas prices it bugs me

 

Im back in college and left my car at home cause I can walk/bike everywhere.

 

If I had it I know I wouldnt need it but still use it

i don't drive a h2 and it still cost me about 45 dollars to fill the tank

It will be hard for people to change some habits. We need to drive, so we will pay whatever the prices is and then complain.

 

I don't drive much either because I am in college. But I know that for my family has to drive to work every day. They don't have guzzlers, but the increase in prices hurts everyone.

 

I hope this help push people to push their lawmakers to do something. Alternate fuels. Ethanol, hydrogen (my favorite), or air. Choices = competition (excluding telcos)

 

Check out the pneumatic car stuff, pretty neat. http://zeropollutionmotors.us/

sucks for the airlines, not cheap to run an airliner on gas like this.

There's an economics theory -- I can't remember its official name right now -- that says people will continue to buy something until it becomes cheaper to buy something else. In this case, we're gonna keep on usin' gasoline, even if it's 6-7 dollars a gallon, because it's cheaper, and more easily accessible, than any other alternative.

 

Just gonna have to suck it up, and keep on carpoolin'.

I think you are talking about an inelastic supply curve, similar to monopoly power.

I think you are talking about an inelastic supply curve, similar to monopoly power.

inelastic demand curve

 

the price has little effect on demancd

 

We should use alternatives mainly nuclear power + electric car

STEAM POWER FTW!!!! >

Last time i filled up was $45...i'll be deploying this summer though. Might have to worry about gas prices

wow thats a lot per barrel and i guarntee that the oil companies still make billions of dollars in profit.

$103.05 Traded Over Night Crude is Down 67 cents now But How Long

may Go rocket up or starting Heading Down Slowly but its too Late

damage has been done OPEC wants to Cut Lower output

-OMG!! OMG!! THIS TRULY IS THE END OF DAYS!!!! BUILD YUORSELF A BOMBSHELTER AND STOCK UP ON CANNED BEETS!!! AAAHHHHHHHH!!!!

WHINE MORE ABOUT OIL PRICES

 

but know in the back of your mind they are that high because the US GOVERNMENT (yes thats right) isnt pumping your californian and alaskan oil as much as they could..

I was paying around $300/month to drive 100 miles r/t to work. As of December, I joined a van pool costing $35/mo and my fuel bill was cut down to less than $100/mo. I win!!!!

 

If there's one issue that I agree with Obama (don't mean to stir the political pot) it is that Exxon is not going to easily give up their $11 billion profits without a fight. They will push lobbyists in Washington to the extreme to keep what they have. Exxon may not (exactly) set the price for oil prices, but they sure are not complaining. I worked in corporate aviation for many years, even on ExxonMobil's aircraft. As of two years ago, they owned a fleet of over 70 private aircraft (i.e. jets and helicopters) with many more on order.