$5 Gas in 2012?

[accident]

teehee you said "meat" :giggle:

[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..

[Fusion]

6.42$/gal curently

[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/futures-trading/technical/Crude-oil-rises-on-firm-demand-20890.html

[gwb72tii]

It must be Obama's fault!

quoted for truth

[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;)

[ACMF74]

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

[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.

[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]

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.

[MikeDE]

6.42$/gal curently

Glad to see someone from the EU is putting shit into perspective. The US has way cheaper fuel than the EU, AND has no yearly tax on engine size either.

1gal=3.78l, 1l gasoline=1.48(euro)cents x 3.78= 5.5944euro...and oh yeah. don't forget the exchange rate of 1.3x= $7.27/gal in Germany.

Plus I pay an extra 126euro/yr for Displacement Tax...18 x 100cc at about 7euro/100cc. Though that's not a whole lot, it is still (2) tanks of fuel.

EDIT-as for the eta/seta getting good mileage, it does. It got better mileage than my 1.8l M40 both in-town and on the hwy. 9-9.5l/8.5l(max) for the seta, 9.8-10l in-town/9.0-9.5 hwy if i'm lucky.

[z31maniac]

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

And why were people unable to continue to pay their mortgages?

Because they were spending $100+ to fill up the gas tanks in their truck/SUV/vans. Have to fill up the car to get to work, take the kids to school, buy groceries, etc.

Now your extra cash isn't buying Gucci handbags or going out to eat steak, it's used to pay the bills.............consumer spending drops.

http://blogs.wsj.com/economics/2009/04/03/did-the-oil-price-boom-of-2008-cause-crisis/

"But then again, maybe what happened to oil prices had something to do with credit markets seizing up. The housing bubble saw people of lesser means traveling further afield to buy homes. That gave them long commutes that they were able to afford when gas was $2 a gallon, but maybe they couldn’t at $3. Housing in the exurbs got hit hardest, and one reason why is that high gasoline prices made it hard for people to lived in them to keep up with their mortgage payments, and hard for them to sell their homes without taking a steep loss. In some meaningful way, that has to have contributed to mortgage problems."

[Vedubin01]

Gas price has nothing to do with politics.

Gas prices has to do with the value of the green back. The current admin is printing money faster than ever before causing the price the United States pays for gas to go up. The price of Fuel hinges on the value of the US Dollar. Thus has something to do with Politics when our Gov. keeps devaluing the dollar.

Thought you were smarter than that Lee...


As far as Europe is concerned, entire Europe is the size of 1/3 the US. Not counting Alaska or Hawaii. The United States infrastructure was built and designed on cheap gas. You can not compare the two...

[Vedubin01]

and Brazil all buying and driving cars = more demand.

Brazil's fuel is 100% made from Sugar Cane does not depend on the rest of the world for its Fuel source.

http://en.wikipedia.org/wiki/Ethanol_fuel_in_Brazil

[Massive Lee]

Gas prices has to do with the value of the green back. The current admin is printing money faster than ever before causing the price the United States pays for gas to go up. The price of Fuel hinges on the value of the US Dollar. Thus has something to do with Politics when our Gov. keeps devaluing the dollar.

So why was fuel already $5usd + 3 years ago? Still low dollar value caused by our resident communist Bro printing money? If the economy in the US was better, people would use more fuel and prices would be higher despite a US currency valued higher (better ecnomy). Actually, blame the "low" US prices on the poor economy. It could be worst.