Where do you think gas prices will finally end up?
05-22-2004, 02:24 PM
#22
Registered User
Originally posted by ralper
Where do you think prices will end up?
Where do you think prices will end up?
I saw one place jump from $1.97/gal to $2.17/gal in one week's time!
05-23-2004, 06:00 AM
#23
Registered User
World demand for petroleum is increasing rapidly, as countries such as India and China industrialize, acquire automobiles, and their consumers enter the market for various petrochemicals/plastics.
There hasn't been a new refinery built in the U.S. in something like 30 years, due to the political issues in siting one and environmental regulations. Maybe that's good, maybe that's bad, but it is true.
Long term gasoline prices will continue to climb. They may go back down a little short-term, but get ready for ever-higher prices in the future.
These same forces will cause the price of natural gas (currently the only economically viable source of large amounts of hydrogen) to climb as well. U.S. supplies aren't growing fast enough to keep up with demand, and LNG terminals are faced with the same obstacles as new refineries.
The world's demand for energy is growing rapidly. Barring some breakthrough technology, prices will continue to rise. Of course, eventually natural gas prices will reach a level where solar generation of electricity is price competitive with natural gas-fired generation, but that price level is quite a bit higher than where we're at now.
There hasn't been a new refinery built in the U.S. in something like 30 years, due to the political issues in siting one and environmental regulations. Maybe that's good, maybe that's bad, but it is true.
Long term gasoline prices will continue to climb. They may go back down a little short-term, but get ready for ever-higher prices in the future.
These same forces will cause the price of natural gas (currently the only economically viable source of large amounts of hydrogen) to climb as well. U.S. supplies aren't growing fast enough to keep up with demand, and LNG terminals are faced with the same obstacles as new refineries.
The world's demand for energy is growing rapidly. Barring some breakthrough technology, prices will continue to rise. Of course, eventually natural gas prices will reach a level where solar generation of electricity is price competitive with natural gas-fired generation, but that price level is quite a bit higher than where we're at now.
05-23-2004, 06:18 AM
#24
Registered User
Join Date: Mar 2001
Location: Oklahoma City
Posts: 222
Likes: 0
Received 0 Likes
on
0 Posts
Only a fool would try to predict gas prices - but here goes
Using your base of 2.03/9 and your expected long term 2.00 to 2.25 - I would expect
Current prices near the high with easing by mid summer and by fall in the 1.60 to 1.80 range.
If the Iraq mess gets any messier then all bets are off.
Using your base of 2.03/9 and your expected long term 2.00 to 2.25 - I would expect
Current prices near the high with easing by mid summer and by fall in the 1.60 to 1.80 range.
If the Iraq mess gets any messier then all bets are off.
05-26-2004, 04:50 PM
#25
Originally posted by sublime
$4 per gallon.
$4 per gallon.
It is interesting to me how geoghapically challenged most people are (on both sides of the Atlantic). I have had this conversation many times with europeans when explaining why most Americans only speak English. They are surprized to learn that it takes five and a half hours to fly from Washington to LA compared to three hours from Budapest to Brussels (five countries away).
I think that they will peak at $2.98 by the Labor Day weekend.
05-26-2004, 05:30 PM
#26
Registered User
Join Date: Mar 2004
Location: Laguna Beach
Posts: 232
Likes: 0
Received 0 Likes
on
0 Posts
No doubt it will hit 3 before anyone notices. Then people will start getting pissed. I hope all the Suburban Sodomites an Nauseator Nitwits get some sense.
BTW the only sure and proven way to fix it is to up the C.A.F.E. (corporate average fuel economy) standards, and require the inclusion of all SUVs into that measurement. Do this and then all of the sudden the Saudis will solve the terrorism problem for us. After all we won't really need so much of their oil will we?
But Bush is a just an "good oil boy" so don't count on it. (hey just who are his buddies?) When oil is < $30 bbl its not worth pulling out of the Texas dirt (or most anywhere reserves are controlled by US interests).
Do you think anybody in the US profits from high oil prices? You betcha. Follow the money.
BTW the only sure and proven way to fix it is to up the C.A.F.E. (corporate average fuel economy) standards, and require the inclusion of all SUVs into that measurement. Do this and then all of the sudden the Saudis will solve the terrorism problem for us. After all we won't really need so much of their oil will we?
But Bush is a just an "good oil boy" so don't count on it. (hey just who are his buddies?) When oil is < $30 bbl its not worth pulling out of the Texas dirt (or most anywhere reserves are controlled by US interests).
Do you think anybody in the US profits from high oil prices? You betcha. Follow the money.
05-26-2004, 05:44 PM
#27
Registered User
Join Date: Apr 2003
Location: Santa Monica
Posts: 5,539
Likes: 0
Received 0 Likes
on
0 Posts
[QUOTE]Originally posted by CarsRGood
BTW the only sure and proven way to fix it is to up the C.A.F.E. (corporate average fuel economy) standards, and require the inclusion of all SUVs into that measurement.
BTW the only sure and proven way to fix it is to up the C.A.F.E. (corporate average fuel economy) standards, and require the inclusion of all SUVs into that measurement.
05-26-2004, 07:46 PM
#28
Thread Starter
[QUOTE]Originally posted by matt_inva
