Gas prices expected to rise in 2011

[longam]

So I'm listening to CNN while messing around on my PC and over and over they kept saying gas prices are expected to rise, expect $5.00 per gallon before the year is up. Nothing more, just that short statement, like a subliminal message preparing us for what is to come.

So whats the deal this time? Nobody buying the hybrids that the big 3 are making and there going to make sure they do?

I have noticed about a 0.20 cent hike in my area already, but I thought it was just for the holiday demand.

Time to get me a another motorcycle I guess...

[mookiemookie]

Supply and demand factors have taken a backseat to commodities futures trading as drivers of gas prices. Crude oil speculation was behind the $140 a barrel oil, and I would say it's what's going to be behind gas price increases this year.

[nikimcbee]

Supply and demand factors have taken a backseat to commodities futures trading as drivers of gas prices. Crude oil speculation was behind the $140 a barrel oil, and I would say it's what's going to be behind gas price increases this year.

I'll just add, they raised the gas tax here.

@mookie, what are gax prices in TX now?

[I-25]

boy, I'm glad i drive a diesel

50Mpg+ City:cool:

[nikimcbee]

boy, I'm glad i drive a diesel

50Mpg+ City:cool:

Diesel prices are higher then gas.:o

Then there's biodiesel:har:

[I-25]

Diesel prices are higher then gas.:o

Then there's biodiesel:har:

higher or not its the mileage that makes the difference:)

and emm well i buy my gas in mexico :rotfl2:
$2.69 P/G diesel
$2.65 P/G Regular Gas
$3.09 P/G Premium Gas

on the other hand i have run on 2nd hand cooking oil before :rotfl2:

[TLAM Strike]

Could be worse over here, prices on gasoline in Iran jumped 700% since their government ended some subsidies. The subsidized stuff is still 400% more expensive than it was.

[nikimcbee]

gas is well over $3.25, but that's the Left coast for ya.:shifty:

[gimpy117]

Supply and demand factors have taken a backseat to commodities futures trading as drivers of gas prices. Crude oil speculation was behind the $140 a barrel oil, and I would say it's what's going to be behind gas price increases this year.

but remember mookie, whats good for wall street is always good for main street! :doh:

[XabbaRus]

You guys still have cheaper petrol than us in the UK.

With the VAT hike on 4th Janurary coupled with a 2p hike in fuel tax on 1st January it will be getting very expensive.

So much for helping the economy.

[Gerald]

You guys still have cheaper petrol than us in the UK.

With the VAT hike on 4th Janurary coupled with a 2p hike in fuel tax on 1st January it will be getting very expensive.

So much for helping the economy. How much cost a gallon in U.K? (or 1 litre petrol)

[papa_smurf]

How much cost a gallon in U.K? (or 1 litre petrol)

Round near me its £1.23 for Unleaded, and £1.26 for Diesel. Though have seen some at £1.30 a Litre:doh:

[Skybird]

What rises in Germany: Gasoline. Heating gas. Heating oil. Electricity. Health insurrance. Property taxes. When the prices on international markets fell due to shrinking industrial demand for oil, the prices for the households went up. When there are vacancies, prices go up. Prices almost never fall. No matter the market situation, they almost never fall, they only go upwards for the end consumer. Savbing the industry earned due to market situation, are not being given to the consumer, this is especially true for electricity and gasoline. The market is totally dysfunctional, much due to monopolism, manipulation, and political protectionism ("tax incomes" and "lobbyism" are the two words to watch out for here).

The more the economy gets into swing, the higher the demand in oil again, the faster the oil price will go through the ceiling again.

[ReFaN]

in sweden the price has teadily increased for a veeery long time :p

[Gerald]

In Stockholm it is around 13.53 crowns for 1 litre petrol

[mookiemookie]

@mookie, what are gax prices in TX now?

About $2.80-$2.85 for regular around me.

[Catfish]

" Gas prices expected to rise in 2011 "

Ah well, were they ever expected to fall ? Not in my lifetime .. :O:

Gas prices never reacted to a drop of stocks or larger amounts of resources found, those greedy managers and stock market analysts always raise the price.

One time it was less wells, then it was China buying all crude oil and the last i learned was that the destitute oil industry needed money for investing in modern technologies :woot:

But the best was Exxon. They mixed some seed oils in their Diesel for cheaper production but told nobody. When the government recently demanded the mixing with some 10 percent of those oils, Exxon immediately raised the price because the mixing was so "costly"
Messing around with customers has been raised to an art form :rotfl2:


I have changed the Diesel engine of our old VW Quantum or Passat to run with pure rape seed oil, which is much cheaper (this is not "BioDiesel" b.t.w.), but needs a few injection and pre-glowing adjustments.

Greetings,
Catfish

[STEED]

Round near me its £1.23 for Unleaded, and £1.26 for Diesel. Though have seen some at £1.30 a Litre:doh:

In my area petrol company's

£1.24 - £1.31 for Unleaded

£1.26 - £1.32 for Diesel

Supermarket pumps

£1.19 - £1.23 for Unleaded

£1.23 - £1.26 for Diesel

I' noticed four hikes in less than three months and that dose not include the 2p hike on its way.

[AVGWarhawk]

Looks like the typical hype to me. Gas always goes up in the winter because additives are put into the mixture for clearner emissions during the colder months. No mystery there. Demand is higher around the holidays. Gas goes up during the vacation months due to demand. Another hype story by the media. Run for the hills!

Go ahead...don't control the cost of gas and watch the world economy collapse into the abyss that much quicker.

[the_tyrant]

You know, they said the US attacked Iraq for oil
but did the oil price go down after removing saddam?

[AVGWarhawk]

You know, they said the US attacked Iraq for oil
but did the oil price go down after removing saddam?


No and our war bill went up. Go figure. BTW, Iraq said we can go home now. Sounds like a plan to me.

[kranz]

In Stockholm it is around 13.53 crowns for 1 litre petrol
1 Euro is how many crowns??

In Poland: 1,2 Euro for both Diesel and gas at BP (only Shell has higher prices)
The prices have never been so high. Even when the barrel of oil was for 200$. (now they say it's 80$ ?)

[Gerald]

1 Euro is how many crowns??

In Poland: 1,2 Euro for both Diesel and gas at BP (only Shell has higher prices)
The prices have never been so high. Even when the barrel of oil was for 200$. (now they say it's 80$ ?) 8.99 SWEKR to be exactly

[TLAM Strike]

Crowns...
Euros...
Litres...
Petrol...

...why am I reminded of this scene on The Simpsons...

http://www.dula.tv/watch.php?file=homer-buys-car-from-crazy-vaclavs.flv

[Oberon]

IIRC Kuwait were saying the other day that the world could withstand oil prices at over $100 per barrel. At the moment it's sitting at $89 bbl. We've been over $100bbl before, but it's come back down sharpish during the recession. As Skybird says, as the economies recover, growth will slowly return and the demand for oil will continue to increase.
Now, IIRC, our good friends OPEC ( <- Sarcasm) look like they may decide not to increase production in 2011 because there is enough for demand at the moment, which means, inevitably, the price of oil is going to rise and as such, the price at the pumps is going to rise.

http://www.reuters.com/article/idUSTRE6BN16A20101225

With train fares going up over inflation in the UK too and bus fares not far behind, pretty soon it'll be horse and cart time! :damn:

[STEED]

pretty soon it'll be horse and cart time! :damn:

GREAT!

I'm opening up a horse & cart shop, boom times ahead for me. :DL

[Gerald]

Crowns...
Euros...
Litres...
Petrol...

...why am I reminded of this scene on The Simpsons...

http://www.dula.tv/watch.php?file=homer-buys-car-from-crazy-vaclavs.flv Great, :haha:

[Oberon]

GREAT!

I'm opening up a horse & cart shop, boom times ahead for me. :DL

Ha! The great circle is complete. :yeah:

That being said though, the price of hay and straw these days... :damn:

Still, probably still cheaper than a car. :hmmm:

http://www.youtube.com/watch?v=msw6jWhJocw

[papa_smurf]

pretty soon it'll be horse and cart time! :damn:

TopGear will have to change their name to: TopCart:har:

[Tribesman]

You know, they said the US attacked Iraq for oil
but did the oil price go down after removing saddam?

:har::har::har::har::har::har:
Who on earth expected prices to go down?
All the Iraq war did was raise oil companies profits.

[Sailor Steve]

GREAT!

I'm opening up a horse & cart shop, boom times ahead for me. :DL
Nah, the environmentalists will put you out of business by keeping you in court over pollution problems. :O:

[Platapus]

Actually I think it is only one guy saying that gas prices MIGHT go as high as $5.00 in 2012 and all the other stations are just repeating it.

[yubba]

Yep you' ll have too install that goat hitch too your car, and buy a team of goats:woot:

[Gerald]

A government fuel duty increase on New Year's Day will put another 0.76p on to both petrol and diesel. On 4 January, the rise in VAT from 17.5% to 20% will mean yet another price rise.

http://www.bbc.co.uk/news/business-12102329

Note: 1 January 2011 Last updated at 08:38 GMT

[Tribesman]

Yep you' ll have too install that goat hitch too your car, and buy a team of goats
For a team of goats perhaps you would have had to install a two goat hitch too

[Catfish]

For a team of goats perhaps you would have had to install a two goat hitch too

And with the new digital and property of knowledge company rights you will have to pay constantly for leasing the idea of using a goat to pull your cart :dead: