GAS price

[Imbarrie]

Venezuela is not a good indicator of prices in an open market since that price includes a ridiculously high government subsidy. They are a net exporter of petroleum so they can do this without a high cost to the government and they do that to help keep the population from revolting.
Their country is living at a much lower standard of living than the rest of the world they would not be able to afford gas on the open market.
Ironically it is actually a very corrupt government that keeps that practice in place.

It is not the oil companies that are causing this. It is the financial market that is the cause. The problem is the real genius is in finance and they are way ahead of any regulation. By the time the SEC can gather the political will these guys are on the next game.

 

[krzysiek]

in 2003 when I was in Venezuela, gasoline was .10 per gallon. Price never went up there!!!

There is good documentary film: ?Fuel? by Joshua Tickell. Maybe biodiesel is the answer.

 

[jackson6745]

Venezuela is not a good indicator of prices in an open market since that price includes a ridiculously high government subsidy. They are a net exporter of petroleum so they can do this without a high cost to the government and they do that to help keep the population from revolting.
Their country is living at a much lower standard of living than the rest of the world they would not be able to afford gas on the open market.
Ironically it is actually a very corrupt government that keeps that practice in place.

It is not the oil companies that are causing this. It is the financial market that is the cause. The problem is the real genius is in finance and they are way ahead of any regulation. By the time the SEC can gather the political will these guys are on the next game.

+1 Speculative trading is a flawed system but what can be done?

 

[Imbarrie]

There are regulations that have been passed that ban speculative trading but there is no enforcement. There are a couple bills being brought up in DC that address this. Lets see how the politicians loyal to Oil and Wall St can kill them.

Ironic that I will be launching an Oil based investment fund next month.

 

[Aqua Pro Builder]

It is not the oil companies that are causing this. It is the financial market that is the cause. The problem is the real genius is in finance and they are way ahead of any regulation. By the time the SEC can gather the political will these guys are on the next game.

Agreed. Also, by the time the government wants to or know how to step in, those high traders already got criminal waivers from the House and Senate much like the last two financial disasters.

 

[Chiefmcfuz]

Two words. "Flux Capacitor "

 

[wonderballz]

Two words. "Flux Capacitor "

But then we have to worry about plutonium and the Iranians! No way am I messing with that bunch...:eek1:

 

[T3TRODOTOXIN]

When I started driving about 4 years ago it cost me ~$26 for a FULL tank.

Now it cost me $40 for a full tank...

 

[krzysiek]

When I started driving about 4 years ago it cost me ~$26 for a FULL tank.

Now it cost me $40 for a full tank...

That's it??? What do you drive? for me it is over $55 for 13 gallon tank

 

[Breakin Newz]

Just filled up my tank today in a car, $62 bucks....................

 

[wonderballz]

When I was in HS, Gas was 0.79-0.89 a gallon at the cheapest station locally! I used to love filling up my car for 12 bucks. Why does it cost $40 to fill up my honda?!

 

[NYPDFrogman]

http://www.youtube.com/watch?v=qKdScVerrBU&feature=player_embedded

 

[Gwiz3005]

Filling up went from $34 to $56 in 3 months. I work in the Financial Industry and it is amazing how much the price of oil affects the US GDP. Once it is over 120 a barrel I would start to really worry about another dip in the economy.

 

[mbg75]

i just filled up with b100 biodiesel tonight. $.43 cheaper per gal than reg diesel.

Only benefit i see to these high fuel prices is maybe i'll get a north shore boat slip sooner!

 

[Audi0s]

Another thing holding the alternative energy vehicles back is the fact that oil companies buy the patents on anything thats a threat to them. And then sit on the patents, and of course, renew them until they cant anymore. 5 cycle water injection engine. Ethanol is useless too, wed need to devote all the available farmland in america to grow enough corn to satisfy the demands of a higher % ethanol based fuel. Check out Collapse on Netflix, available streaming, Brings up alot of good points about this. He kind of predicts this.

 

[Wolverine57]

I'm spenting $20 a day on a 4 cylinder vehicle. Those that like driving those Oversize SUV....its gotta hurt!

 

[bizzarro]

When I was in HS, Gas was 0.79-0.89 a gallon at the cheapest station locally! I used to love filling up my car for 12 bucks. Why does it cost $40 to fill up my honda?!

Inflation over the years. The dollars is worth less than it was whenever you were in HS, I'd say probably about 16 years ago or more. When I started driving gas was around .90-$1.

 

[wonderballz]

O yeah, I graduated HS in 98. I was just commenting on how aweosme a $12 fill up was.