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The Soaring Price of Gas (Petrol)
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Uriel
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Joined: 04 Sep 2006
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Location: New Mexico

PostPosted: Sun Jun 29, 2008 3:37 am    Post subject: Reply with quote

Well, I have yet to pay $4 per gallon, but today I paid $3.82, and I was on fumes, so filling up took almost $50.

Today I saw a funny sticker that said:

Bring back $1.85 a gallon gas
and oral sex in the oval office.


On a related item, there was also a picture of the Clintons on another one -- his photo was labeled "Never inhaled" and hers was captioned "Never swallowed".

I'm kinda bummed that she's out of the running now -- she is exactly the kind of woman I could see holding forth on bills and proposals while an aide crouches under the desk, holding forth on her.... I bet she would even miss a beat!
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Elaine
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Joined: 21 Aug 2006
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Location: El Pueblo de Nuestra Señora la Reina de los Angeles del Río de Porciúncula

PostPosted: Tue Jul 08, 2008 7:56 pm    Post subject: Reply with quote

Ack!!!! Lord have mercy!



The long line to cheap gas (Costco's gas is usually ten cents cheaper than the major companies):

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Uriel
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Location: New Mexico

PostPosted: Fri Jul 11, 2008 6:00 am    Post subject: Reply with quote

Ten cents cheaper ... which, honestly, would mean I'd save about a buck-fifty at Costco (assuming I had actually broken down and sold my soul for a Costco card, which is another rant entirely) -- not worth sitting in line for!!!!!

Today I broke the $50 mark -- $54 and change to fill 'er up.
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Loic
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Joined: 01 Sep 2006
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Location: Republik Singapura

PostPosted: Thu Dec 04, 2008 4:31 am    Post subject: Reply with quote

The price of oil has fallen below $50 a barrel this week. In real terms, this would mean that crude oil has fallen to 2006 levels. It is now some $100 cheaper per barrel than at its peak in July. And if, as many predict, OPEC fails to settle upon cuts in output quotas, prices should tumble further.

I don't know what to say except to cautiously welcome the fall for now. It'd take some pressure out of household budgets, but on the other hand, plummeting oil prices is a symptom of a sharply worsening world economy: demand for oil is clearly dropping as economic activity stagnates, or slows everywhere.

I read somewhere that the price of oil is set to hit $200 per barrel by 2012. I don't know if it's true -it sounds too horrifying to be true. But if it is, it would probably bring cheer to environmentalists who are probably the only people unhappy with falling oil prices. After all, high prices curb appetite for oil and other forms of energy that result in emissions of carbon dioxide. Lower oil prices may probably give a fillip to the anaemic appetite for oil.

So much about oil! How much does a litre of petrol cost at your place now?
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Elaine
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Location: El Pueblo de Nuestra Señora la Reina de los Angeles del Río de Porciúncula

PostPosted: Thu Dec 04, 2008 8:08 pm    Post subject: Reply with quote

Around here gas prices have plummeted considerably and now hover at the $2.00 a gallon mark.  I think the price of regular unleaded is $1.87 a gallon.  Not surprisingly, traffic congestion has reverted to its pre-gas hike intensity.  
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Loic
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Location: Republik Singapura

PostPosted: Sat Dec 06, 2008 8:23 am    Post subject: Reply with quote

A fall in petrol price is a much welcome relief from my perspective. Yes, like Elaine, I have also seen a noticeable increase in the amount of road traffic after petrol stations conspired to slash price for the umpteenth time last week. I am not complaining for the moment as I am fully aware that such a lull would not last. Oil futures were trading at US$200 per barrel not too long ago and I fully expect prices to hit those dizzying heights in the very near future.

Skyrocketing oil prices this summer though, have suddenly made working in the oil and gas industry a much more mouthwatering prospect.



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