$5 Gas in 2012?

[CorvallisBMW]

Just because other parts of the world are used to high gas prices doesn't mean that the US could handle those gas prices.

Our entire economy is built on cheap energy, remove that and, well, you guys remember the crash that followed the '08 gas spike.

We are still living in it.

Be honest though, the gas prices caused an near-immeasurably small dent in the economy next to all the other shit that went down.

[z31maniac]

the canadians have been paying $5 a gallon for some time now ($1.25 a liter). It's even worse in europe. We're just catching up with the rest of the world. More reason to research better fuel efficiency (whatever that fuel may be). this is not the end of the world..

Just because other parts of the world are used to high gas prices doesn't mean that the US could handle those gas prices.

Our entire economy is built on cheap energy, remove that and, well, you guys remember the crash that followed the '08 gas spike.

We are still living in it.

[CorvallisBMW]

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

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.

but.... it has to be Obama's fault, that's the only logical explanation! He's the antichrist!!

lol @ our resident righties having zero concept of basic economic supply/demand.

Exploding middle class in China, Russia, India and Brazil all buying and driving cars = more demand. When supply stays the same, prices go up.

5 bux a gallon? let me introduce you the Fiat 500.

Win. If gas gets that high and stays there I'm selling the e34 and buying either this or a Fiesta.

[ACMF74]

5 bux a gallon? let me introduce you the Fiat 500.

[Conki]

Gasoline prices just went up 10 cents per gallon at midnight here, now they average $6.48 per gallon. And people who need to still drive their cars. It's not the end of the world, and you could consider walking a block to TBell instead of driving there if you wanna save on gas;)

[gwb72tii]

It must be Obama's fault!

quoted for truth

[M-technik-3]

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

Not that high in demand right now, and supplies are slightly low but they are at the end of the year due to taxes. Guys who estimate the futures is what is currently driving up Oil per the barrel and Oil is still traded on the US dollar.

http://www.commodityonline.com/futur...and-20890.html

[Fusion]

6.42$/gal curently

[nando]

the canadians have been paying $5 a gallon for some time now ($1.25 a liter). It's even worse in europe. We're just catching up with the rest of the world. More reason to research better fuel efficiency (whatever that fuel may be). this is not the end of the world..

[accident]

teehee you said "meat" :giggle:

[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.

[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.

[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]

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.

[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.