$5 Gas in 2012?

[deutschman]

So many people including top executives are saying gas will be $5/gallon by 2012. That is very soon.
This is partially because of the fact that there are many developing countries such as China and Russia who have a quickly expanding middle class buying up cars, and oil producers are not ramping up production to meat the need of the new consumer market.
I am by no means an expert on politics or economics <--disclaimer.
I just thought that this was interesting because I know I will not be able to afford owning a car if gas costs $5/gallon and I am sure there are others on this forum who will be in the same boat.
Consider the fact that food and many other thing will also go up in price because it will cost companies a lot more to move them around the country.
Consider the fact that the cost of living will go way up, and wages will in increase at all. In fact they may even go down.

What do you guys think?

http://money.cnn.com/2010/12/27/markets/oil_commodities/index.htm

http://www.cnn.com/2010/WORLD/americas/12/28/bolivia.gas.prices/index.html

[Vedubin01]

Its because this administration is printing money 24/7 devaluing the dollar. Oil is traded on the world market and our dollar is not worth the paper its printed on, gas Will BE $5 by 2012.


Get ready to take it in the ASS, "you" voted for it!

Gas is up, 18% this year alone...

[e30e]

Keep prices up, less people driving is good for me. I get paid to drive to work anyways!

[CHIF8008]

ya, not looking forward to this. me and my brother are thinking about making my e30 and his e21 run on propane.

[e30trooper]

ya, not looking forward to this. me and my brother are thinking about making my e30 and his e21 run on propane.

be happy you have an eta. maybe the eta's value will go up since they are good on gas ( sorta )

[ck_taft325is]

Keep prices up, less people driving is good for me. I get paid to drive to work anyways!

Booey for you.

The majority of the population doesn't.

[e30trooper]

Personally, I work at a chevron gas station and i see how prices go up and down. Its really not the cost of oil, its how much your other local gas stations are doing. They compete.

why is diesel @ 3.55 and 91 oct only at 3.41 , 5 years ago diesel was cheaper than 87 by far. Its what they can get away with charging. Tobad i get no such discount at my work lol


edit, also 5 years ago when gas was at 5 a gal, ppl still paid for, shit even with shitty jobs i still filled my hyundai's take for 40bux , did that weekly

[Aptyp]

I guess I'll be building a hypermiler or something electric.

[quikveedb2]

omg, a resource with a limited supply & high demand continues to grow in cost...

[LBJefferies]

omg, a resource with a limited supply & high demand continues to grow in cost...

It must be Obama's fault!

[mrsleeve]

Dub has it more than the rest of you.


When OPEC as a whole pushes too or stops trading in greenbacks you know our we are uber deep shit, look for it in about 10-14 months unless something is drastic is done in Washington to cut our debt.

[z31maniac]

I don't think it will happen.

Remember 2008? If gas gets to $5/gal, the economy will collapse even harder than it did in 2008. And that would likely lead to a Depression that would make the 30s seem easy by comparison.

[ill4noreason]

let's convert our e30's to run on alcohol... fuck the oil company's. Just have our own filling station. then bring what you need with you. Or move to Brazil...

[z31maniac]

let's convert our e30's to run on alcohol... fuck the oil company's.

I have officially given up on the younger generations and thusly, the future of our country.

[Massive Lee]

Its because this administration is printing money 24/7 devaluing the dollar. Oil is traded on the world market and our dollar is not worth the paper its printed on, gas Will BE $5 by 2012.


Get ready to take it in the ASS, "you" voted for it!

Gas is up, 18% this year alone...

Gas price has nothing to do with politics. It is a simple commodity that is traded, and people speculate on it. More demand means higher prices. Wasn't it also $5 under Bush 3 years ago? Therefore, whoever you voted for has nothing to do with prices.