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]

Originally Posted by 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.

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

[nikimcbee]

Originally Posted by I-25

boy, I'm glad i drive a diesel

50Mpg+ City

Diesel prices are higher then gas.

Then there's biodiesel

[I-25]

Originally Posted by nikimcbee

Diesel prices are higher then gas.

Then there's biodiesel

higher or not its the mileage that makes the difference

and emm well i buy my gas in mexico
$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

[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.

[mookiemookie]

Originally Posted by nikimcbee

@mookie, what are gax prices in TX now?

About $2.80-$2.85 for regular around me.

[the_tyrant]

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

[AVGWarhawk]

Originally Posted by the_tyrant

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.

[gimpy117]

Originally Posted by 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.

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

[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]

Originally Posted by 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.

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

[papa_smurf]

Originally Posted by Vendor

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