$5 Gas in 2012?

[nando]

Remember, that was a global depression, which, might I add, led to Hitler's ascension to power. Nobody had money to spend.

I love opening the can of worms. I'm sure they don't like being cooped up in a small, metal container. I know I wouldn't.

it was a global depression because of a huge drop off in trade caused by trade restrictions and tarrifs that local governments instated to "protect" their local economies. it started out as a big recession just like the one we're in now.

[slammin.e28]

Arizona? Are you sure you aren't talking about A.N.W.R.?

I'll assume you meant ANWR, so in that case, if all the recoverable oil in ANWR were available tomorrow have any idea how long it would it last?

If supplying America for all the oil needs, ANWR would provide an approx 6 month supply.

Hardly sounds like a fantastic solution to the problem.

Sorry, I meant out West in general. Donno why I was thinking AZ.

http://www.azcentral.com/arizonarepu...shale0529.html

[freeride53]

[without inserting my political opinion]
If the gas price does indeed go four, I'm gonna have to stop driving my car daily...but, I'm going to college next year so It doesn't fully apply to me anymore.
Current gas price p/L in Frankfurt: $5.57

[z31maniac]

Maybe if we would drill up that vast reserve we have under Arizona and not give a fvck about some dumb antelope instead of letting the Saudis ream us.

Arizona? Are you sure you aren't talking about A.N.W.R.?

I'll assume you meant ANWR, so in that case, if all the recoverable oil in ANWR were available tomorrow have any idea how long it would it last?

If supplying America for all the oil needs, ANWR would provide an approx 6 month supply.

Hardly sounds like a fantastic solution to the problem.

[Vedubin01]

not how badly the current administration is handling things.

Sadly it does.....

A good read...

http://blogs.reuters.com/jim-saft/2010/11/04/enter-the-era-of-dollar-devaluation/

[slammin.e28]

oh, now you've opened a can of worms.

Yeah, tarrifs totally work. they worked really well during the great depression, too.. ;)

Remember, that was a global depression, which, might I add, led to Hitler's ascension to power. Nobody had money to spend.

I love opening the can of worms. I'm sure they don't like being cooped up in a small, metal container. I know I wouldn't.

[nando]

oh, now you've opened a can of worms.

Yeah, tarrifs totally work. they worked really well during the great depression, too.. ;)

[slammin.e28]

Maybe if we would drill up that vast reserve we have under Arizona and not give a fvck about some dumb antelope instead of letting the Saudis ream us.

Also, what's the use in chilling in Iraq for so long if we're not taking advantage of it. We need to revert back to the 17th century imperialism sh!t and take advantage of places we occupy. It'd create jobs over there too, helping the Middle East!

Also, if we wouldn't outsource to China & Mexico for everything and impose larger tariffs on stuff imported from said countries, maybe companies would move back stateside and provide jobs to the, what is it, 15%? (it will be 15% by the time I'm done typing this) unemployed. Why employ the rest of the world when we need jobs here?

But I digress. This is a thread about gas, not how badly the current administration is handling things.

[gwb72tii]

Fuel consumption is down about 30% from 3 years ago, so why are the prices rising?

thank you!

can u say dollar devaluation? and this pres/fed cheif are specifically trying to inflate our way our of too much gov't spending by devaluaing the dollar.

this has nothing to do with demand/supply, at least not at this particular moment.

[Vedubin01]

Fuel consumption is down about 30% from 3 years ago, so why are the prices rising?

[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.

[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

[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...

[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."

[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.