Apr 9, 2010 8:20 am US/Central
Gas Prices Are Up, But Is That A Good Thing?
Some Predict $4 A Gallon; Analysts Warn Big Spike Could Slow Recovery
CHICAGO (CBS) - Don't look now, but a gradual rise in gasoline prices has
suddenly turned into a gallop, with drivers facing a new round of sticker
shock.
But as CBS 2's Derrick Blakley reports, the higher prices might actually be
a good thing.
The growing pain at the pump kind of snuck up on many Chicago drivers, but
now they're really feeling the bite.
"I just paid $3.54 for gas," said Michelle as she filled up at a Chicago gas
station. "It's just outrageous."
Just a month ago, according to AAA Chicago, unleaded regular averaged $2.86
a gallon in the Chicago area.
Last week, it was $3.02.
Now, it's $3.08 and many predict it's heading higher; much higher.
Daniel Flynn, energy trader at PFG Best Research, was asked just how high
the gas prices might go.
"That's the good question," said Flynn. "I've heard as high as $4 a gallon.
Some analysts are saying $4."
What's going on? Reports that the economy is heating up - with growing
consumer spending, higher retail sales and higher auto sales - has
speculators betting on higher energy prices, too.
When the economy grows, so does demand for oil. But pushing energy prices
too high could backfire.
"The last thing we want to see is higher energy prices at this time," said
Flynn, because it can impact the rest of the economy negatively.
"I'm not happy with it," grumbled motorist Don Davis as he filled up. "I
think it's gonna kill our recovery."
Davis fears a repeat of July 2008, when oil prices hit a record.
"It was $140 a barrel for oil and gas was $4 a gallon. I feel it's happening
again. And it's not good news for the average person, that's for sure."
Bad news because money that's spent on higher energy costs is money diverted
from other parts of the economy.
"Anytime you're spending more money on gas, it's gonna dip into your pockets
a little," noted Brad, another driver topping off his tank.
Plenty of analysts believe with unemployment still over 10 percent, the
economy's just too weak to sustain gas prices of $4 a gallon.
The consensus seems to be that prices will keep rising for awhile, until
reality sets in, with prices coming back to earth, at least by July 4.
It's not Obamagas, tho. It's been fuck us in the ass gas since..... hmmm,
WHEN, boyzngerlz??
Since the day after Katrina (New Orleans, for the memory challenged).
Gas shot up from, what, $1.50 (which, imo, is already a ripoff), to
$3.50-$4.00.
And, for all intents and purposes, never came down.
What does that tell you boyzngerlz??
Big Oil has its dick in so many mouths (Congress) and in so many asses
(you'n'me), it can't provide enough tissue or mouthwash.... or PrepH.
Big Oil execs should be put on trial for treason. And executed. Along with
most of congress.
Preferably by being dragged behind pickup trucks, at a leisurely 10-15 mph.
--
EA
"Existential Angst" <UNfi...@UNoptonline.net> wrote in message
news:4bc0a9eb$0$5002$607e...@cv.net...
It's ObamaGas all right. You're soaking in it.
Well, call it what you want, but it started out as KatrinaBush gas, and
continued as fuck us in the ass gas.
Remember, in economics, gravity doesn't uniformly apply, and what goes
up.... often keeps going up, most often up our asses.
About those pickup trucks dragging certain individuals.....
--
EA
Right. Incredibly shrinking dollar has raised world oil price.
If economy recovers, $4/gal will seem cheap.
But how can you blame that on Obama?
If you're going to blame assholes, blame Congress, and the 5,500 lobbyists
in Wash DC -- a 10:1 ratio to our legislators.
Btw, has anyone here had lunch recently with THEIR congresswhore??
Inyone been blown, recently, by their congress concubine?
I didn't think so.
Resume your previous position: Bent over, cheeks spread, vaseline
(imported, of course) pre-applied.....
--
EA
> It's not Obamagas, tho. Â It's been fuck us in the ass gas since.....
> hmmm, WHEN, boyzngerlz??
>
> Since the day after Katrina (New Orleans, for the memory challenged).
I'd say more like 1971, with a few periods of slack to let consumer outrage
die down and to permit the car companies to sell big vehicles. 'Big cars,
big profits; little cars, little profits' is a truism.
Proly not far off. It just took a little time, and the P4 chip.
Who needs a military when you can just electronically mindfuck the world?
If the Obamarama team brightened up a little, and just gave every muthafucka
in Iraq, Iran, Pakistan, and Afghanistan cable, a laptop with a tuner card,
an internet connection and an iphone, they'd be, well, just like US -- fat,
self-obsessed and vain, for all practical purposes stupid, and ergo
harmless.
TV is what tore down the Berlin wall.
Oh yeah, and a bunch of white women for the Taliban leaders.... Hey, babes,
it's for your country.....
I can see the Taliban rappin'n'scratchin'n'tappin dat ass right now....
Wasn't it on Manswers, that the way to bribe foreign drug lords was with
Viagra??
And looking to Dr. Wayne Dwyer (PBS) for assinine moral direction. Dwyer,
who can't even remember the names or ages of his eight kids, without a
teleprompter.
Oh, yeah, don't forget McD's.
Speaking of little cars, most forget that the 42 hp VW beetle could do 80
mph, and got pert near 40 mpg. In 1960.
--
EA
Gee, do you think that might have something to do with Obama wanting to
get the U.S. economy off oil and coal? There are billions of people just
waiting to start living like Americans do. Unfortunately, to do that
means they will have to use oil like Americans do. The more they use oil
the more the demand will go up and so will the price. The future isn't
hard to foresee. Oil is going to be in short supply and the prices are
going ever higher. Obama knows this very well and that is why he's doing
what he's doing to try to wean us off oil. Then you have the other side
saying drill baby drill, as if that will change anything. I'll take
Obama's route any day of the week. At least it may work. Trying to come
up with enough oil for everyone to live like us is a fool's errand.
Hawke
Most of which you can blame on the effing internet.
Used to be drug dealers kept nice low profiles, in the '60s.
Now they advertise, with bling, boomcars, asses sticking out of falling
jeans.
Same conspicuous shit, same principle.
--
EA
>
> Hawke
>
Try reading this: http://www.snopes.com/politics/gasoline/bakken.asp
"may" work? You ARE as stupid as you seem.
You probably think that his latest rhetoric about drilling is truthful.
This situation of having all this oil and gas sitting there in the ground
and not going after it creates the question in my mind, "Billions of dollars
sitting there, and no one is really excited. What is wrong with this
picture?"
We have all these machines that run on petroleum distillates, or just plain
LPG out of the ground, and we are thinking we can come up with all this
stuff that works on peanut oil and God knows what all oils, BUT the cost of
R&D is more than the offset, and guess whose companies is in line for the
R&D contracts?
Follow the money.
Wean us off oil? To what? Electric cars that cost $75,000 and won't even
go 50 mph or 50 miles on a charge? Or wind systems that cost more than
regular hydroelectric or even nuclear per kwh?
It is NOT going to happen, no matter what the tree huggers say. And if it
does, the quality of life will be so low that we will be living in cave
hovels at subsistence levels with a wood fire stove and an 8 watt bulb for
illumination. And that will be in the high income families who can afford
the wind system and storage batteries. But at least we would be "weaned off
oil and coal."
If it all were not so sad, it would be laughable. Life expectancy should be
cut in half just due to starvation and hypothermia.
And you'll notice none of the tree hugging advocates is reducing their
10,000 gallon per flight personal jet air travel. Or even "jet pooling."
Hawke, I used to think you were just a troll, as no one could be as stupid
as you propose. I was wrong.
Steve
My 10 year old French 7 seater MPV does 33 miles per US gallon on the highway
and 27.5 around town and will happily do 95mph, when needed. What's typical in
the US?
Do you really need engines powerful enough for 40 ton rigs in automobiles? If
so, Why?
Mark Rand
RTFM
Jeez, that should be obvious. To haul our big gas tanks, dummy! d8-)
--
Ed Huntress
>
>"Mark Rand" <ra...@internettie.co.uk> wrote in message
>>
>>
>> Do you really need engines powerful enough for 40 ton rigs in automobiles?
>> If
>> so, Why?
>>
>>
>> Mark Rand
>> RTFM
>
>Jeez, that should be obvious. To haul our big gas tanks, dummy! d8-)
Big gas tanks and big assed Yanks.
--
Ned Simmons
>My 10 year old French 7 seater MPV does 33 miles per US gallon on the highway
>and 27.5 around town and will happily do 95mph, when needed. What's typical in
>the US?
My 2001 Saturn SL1 gets 35-36 mpg summer, 32-33 mpg winter and it will go over 95mph. I
also pull a trailer at times but limit my carrying to about 500# for the trailer and 500#
for the load.
Currently the daily commute, round trip, is ~90 miles.
Wes
Bigazz motor = 15" codpiece. Jeweled codpiece, if yer lic plates/windshield
wipers glow.
Altho, truth be told, I wouldn't mind an M3 -- 414 hp.... :)
Or some other suitable Pimpbuggy.
--
EA
>
>
> Mark Rand
> RTFM
Here's an analogy that describes where we are right now when it comes to
the use of fossil fuels. Remember the P51 Mustang fighter plane from
WWII? It was the peak of what a propeller driven fighter plane could be.
It was a great plane. But it was a propeller plane so it had its
limitations and it had reached as far as it could go. Then jet planes
were invented and the great old P51 became a museum piece.
We're at that point with fossil fuels. We've gone just about as far as a
modern society can go with them. They provided the energy we needed to
get us to this point but the limitations of those fuels is now holding
us back. So now its time to find a new and superior way of doing things
the same way jets replaced propeller planes. The problem is that old
farts can't imagine anything better and never see the future but only
the past. Which is why some guys here can't see that the end of the days
of fossil fuels is coming, and soon. It may take a couple of decades but
you can be sure that we won't be using fossil fuels like we do now 20
years from now. Some kind of breakthrough will come. It may be in
batteries or fuel cells, or hydrogen, solar, bio fuels, or something we
don't even know about yet. But it will come and it will put petroleum
based energy in the museum. It's always the conservatives who can't see
the future coming and do nothing but whine and complain and say it'll
never work when younger, smarter people come up with the new ideas. It
seems like America is becoming a country of old farts and teabaggers and
that the only way we will advance is to follow the Europeans and Asians.
Have we fallen hard, or what? My advice to you old farts, shut up, quit
your whining, and get the hell out of our way.
Hawke
"Hawke" <davesm...@digitalpath.net> wrote in message
news:hq0o6g$5pq$1...@speranza.aioe.org...
Except that Wes' 9 year old Saturn has nothing at all in common with the P51
Mustang or any other of your diversions. You just go aheadf and keep praying
at the altar of your messiah for some miracle fuel. Did you try scraping
some of the resins out of his crack pipe? That should get you as far as the
gutter.
I have no idea. Mine only has 325 hp and 610 ft lbs of torque. Gets around
18 on trips, and will jump up to 90 quick to pass a semi.
Steve
$4 gas is cheap. Look at gas prices in Europe. You pretty
much need to be living in an oil-producing country to have
cheaper gas than we have. And if you compare average income
to price paid for gas, we look even better.
What else can you buy for only $4/gallon?
--
-Ed Falk, fa...@despams.r.us.com
http://thespamdiaries.blogspot.com/
On Wed, 14 Apr 2010 03:34:26 +0000 (UTC), fa...@green.rahul.net (Edward A. Falk) wrote:
>We've had $4 gas before. We'll have $4 gas again.
>
>$4 gas is cheap. Look at gas prices in Europe. You pretty
>much need to be living in an oil-producing country to have
>cheaper gas than we have. And if you compare average income
>to price paid for gas, we look even better.
>
>What else can you buy for only $4/gallon?
>
>http://en.wikipedia.org/wiki/Gasoline_and_diesel_usage_and_pricing#Average_gasoline_prices_around_the_world
*****************
Thank You kg...@msbx.net
To reply to this email please remove the AT
after the kgs in the reply to address as shown above.
Never ever under estimate the incompetent.
>Yup, blame it on Obama again, after all we know he is responsible for every thing the incompetent
>Bush administration did, one of which was allowing our great United States oil company to begin
>permanently close almost 30% of there refineries because they were not profitable enough. They
>quickly became enamored with the multi billion dollar rape profit of the Bush years.
Odd..here in Bakersfield..they closed 5 refineries during the Clinton
years.
Damn that Bush, eh?
Gunner
>
>On Wed, 14 Apr 2010 03:34:26 +0000 (UTC), fa...@green.rahul.net (Edward A. Falk) wrote:
>
>>We've had $4 gas before. We'll have $4 gas again.
>>
>>$4 gas is cheap. Look at gas prices in Europe. You pretty
>>much need to be living in an oil-producing country to have
>>cheaper gas than we have. And if you compare average income
>>to price paid for gas, we look even better.
>>
>>What else can you buy for only $4/gallon?
>>
>>http://en.wikipedia.org/wiki/Gasoline_and_diesel_usage_and_pricing#Average_gasoline_prices_around_the_world
>*****************
>Thank You kg...@msbx.net
>
>
>To reply to this email please remove the AT
>after the kgs in the reply to address as shown above.
>
>Never ever under estimate the incompetent.
"First Law of Leftist Debate
The more you present a leftist with factual evidence
that is counter to his preconceived world view and the
more difficult it becomes for him to refute it without
losing face the chance of him calling you a racist, bigot,
homophobe approaches infinity.
This is despite the thread you are in having not mentioned
race or sexual preference in any way that is relevant to
the subject." Grey Ghost
"KG" <kg...@msbx.net> wrote in message
news:vdgbs5564lou6j999...@4ax.com...
Don't look for ObamaGas to stop at $4