Gas prices expected to rise in 2011

longam · 12-29-10, 09:08 PM

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 · 12-29-10, 09:32 PM

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 · 12-30-10, 01:13 AM

Quote:

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 · 12-30-10, 01:22 AM

boy, I'm glad i drive a diesel

50Mpg+ City

nikimcbee · 12-30-10, 01:23 AM

Quote:

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 · 12-30-10, 01:27 AM

Quote:

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 · 12-30-10, 01:31 AM

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 · 12-30-10, 01:33 AM

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

gimpy117 · 12-30-10, 01:52 AM

Quote:

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 · 12-30-10, 05:01 AM

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 · 12-30-10, 05:08 AM

Quote:

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 · 12-30-10, 06:48 AM

Quote:

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

Skybird · 12-30-10, 07:23 AM

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 · 12-30-10, 07:26 AM

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

Gerald · 12-30-10, 07:32 AM

In Stockholm it is around 13.53 crowns for 1 litre petrol

12-29-10, 09:08 PM	#1
longam Admiral Join Date: Jun 2005 Posts: 2,014 Downloads: 26 Uploads: 0	Gas prices expected to rise in 2011 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...

12-29-10, 09:32 PM	#2
mookiemookie Navy Seal Join Date: Nov 2005 Location: Houston, TX Posts: 9,404 Downloads: 105 Uploads: 1	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. __________________ They don’t think it be like it is, but it do. Want more U-boat Kaleun portraits for your SH3 Commander Profiles? Download the SH3 Commander Portrait Pack here.

12-30-10, 01:31 AM	#7
TLAM Strike Navy Seal Join Date: Apr 2002 Location: Rochester, New York Posts: 8,633 Downloads: 29 Uploads: 6	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. __________________

12-30-10, 01:33 AM	#8
nikimcbee Fleet Admiral Join Date: Jul 2003 Location: Patroling the Slot. Posts: 17,952 Downloads: 90 Uploads: 0	gas is well over $3.25, but that's the Left coast for ya. __________________

12-30-10, 05:01 AM	#10
XabbaRus Navy Seal Join Date: Sep 2001 Posts: 5,330 Downloads: 5 Uploads: 0	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. __________________

12-30-10, 01:22 AM	#4
I-25 Commodore Join Date: Aug 2003 Location: Bavaria, Germany Posts: 629 Downloads: 27 Uploads: 0	boy, I'm glad i drive a diesel 50Mpg+ City

12-30-10, 07:23 AM	#13
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,602 Downloads: 10 Uploads: 0	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. __________________ If you feel nuts, consult an expert.

12-30-10, 07:26 AM	#14
ReFaN Grey Wolf Join Date: Jul 2008 Location: Sweden Posts: 831 Downloads: 101 Uploads: 0	in sweden the price has teadily increased for a veeery long time :p __________________ Liverpool is my relegion, Anfield is my church. True believers never walk alone.

12-30-10, 07:32 AM	#15
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	In Stockholm it is around 13.53 crowns for 1 litre petrol __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie