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post #11 of 41 (permalink) Old 04-11-2006, 01:27 PM
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RE: Again with the gas prices..

Actually, we're all lucky in the US; a month in Europe and we'd be begging for our (comparatively) cheap gas.

It's going to get interesting in the future if we stay married to internal combustion and continue using it at present levels. When it starts to get really expensive to extract what's left and gas hits $10 or more per gallon (based on today's prices, not accounting for inflation), the you-know-what will really hit the fan. And let's not forget all of the other things we use all the time that use petrochemicals one way or another, such as the keyboards we're all typing on, the chair you're probably sitting on, and the carpet beneath that. All those things will go way up, too.
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post #12 of 41 (permalink) Old 04-11-2006, 02:27 PM
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RE: Again with the gas prices..

Damn, home-made B100 is up to $0.70/gallon now that KOH is $1.50 a pound. I expect it to get rise closer to a dollar a gallon when the methanol price increase hits....

OBK #35

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post #13 of 41 (permalink) Old 04-11-2006, 05:15 PM
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RE: Again with the gas prices..

Quote:
gregs210 - 4/11/2006 3:27 PM

Actually, we're all lucky in the US; a month in Europe and we'd be begging for our (comparatively) cheap gas.

It's going to get interesting in the future if we stay married to internal combustion and continue using it at present levels. When it starts to get really expensive to extract what's left and gas hits $10 or more per gallon
I think it was nearly that the last time I was in the UK so I can't believe how many people drive gas guzzlers there. Seems it's almost 10% sometimes.

Of course, that pales next to the 70% or so on US highways, but still! Not sure yanks will change their habits. They'll probably just start another war.. worked last time, right?


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post #14 of 41 (permalink) Old 04-11-2006, 05:40 PM
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RE: Again with the gas prices..

Quote:
old300D - 4/11/2006 4:27 PM

Damn, home-made B100 is up to $0.70/gallon now that KOH is $1.50 a pound. I expect it to get rise closer to a dollar a gallon when the methanol price increase hits....
Expect ethanol to go up too, the refineries are being told not to use MTBE God dam democrats and their environmental PC shit[:(!]
post #15 of 41 (permalink) Old 04-11-2006, 05:58 PM
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RE: Again with the gas prices..

Price in Virginia where I am at the moment is $2.89/9 for premium. In a related question a couple of weeks ago I offered this scenario on the W126 forum. Most were jealous who posted afterward. Following is the post:

To put this in perspective, follow along:
In service 11-6-04, mileage 129,4XX
Current odometer reading 198,7XX
69,300 miles
/ 504 days
= 137.5 miles/day (average for seven days a week)

Purchase price $4,000
Maintenance cost $6,000
Total investment $10,000

Of those 69,300 miles I conservatively estimate business mileage @ 60,000 miles for which I am currently reimbursed at the rate of $0.445/mile.

60,000
X 0.445/mile
= $26,700

Most mileage is highway w/ conservative estimate of 16.6 miles/gallon for all miles driven and average cost of fuel over the course of ownership @ $2.25/gallon (always premium)

69,300
/ 16.6
= 4,175 gallons (rounded)
X $2.25
= $9,394 (rounded)

The bottom line is:

$26,700 (reimbursement by employer)
-$10,000 (purchase price plus maintenance)
-$9,394 (fuel costs)_______________________________________

$7,306 profit for driving a 1990 560SEL


LIFE IS GOOD!
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post #16 of 41 (permalink) Old 04-11-2006, 08:25 PM
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RE: Again with the gas prices..

Gasoline is $2.79 here as of 4-11-06. 91 octane is running 2.87.

Politics aside, any of you who do NOT think we are getting gouged needs to get real. There is NO shortage of oil. It is an artificial market controlled by a foreign cartel (OPEC).

They realized that we paid during the gouging after Katrina and they are going to make sure we pay now. I may be wrong but I doubt we'll ever see gas under $2.00 a gallon again.

Domestic exploration and alternative fuel is the only choice we have to wein ourselves off foreign oil. This BS of requiring better mileage standards will not work. The price of oil will adjust up to compensate for any loss in sales due to better fuel economy.

I've said it before. A bushel of wheat for a barrel of oil. You'd then see the attitude change when the bellies of the oil meisters get to rumbling. The U.S. supplies the vast majority of food to the middle east. If we quit sending it over, no other country could take our place. We need to create a wheat cartel called GPEC. Then WE could set artificial prices for wheat that we grow.
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post #17 of 41 (permalink) Old 04-11-2006, 08:47 PM
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RE: Again with the gas prices..

About $1.66 per L for 95.
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post #18 of 41 (permalink) Old 04-11-2006, 09:02 PM
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RE: Again with the gas prices..

Jason Vines, vice president of communications for DaimlerChrysler AG's Chrysler Group, blasted the oil industry for the price increases:

"Here we go again. Just as the weather warms and Americans are turning their thoughts to hitting the roads for vacations or weekend getaways, the prices of gasoline and diesel fuel are rising faster than the odds of the Detroit Lions playing the Super Bowl. It's a 'coincidence' that has nothing to do with chance, but almost everything to do with greed by the big oil companies," he wrote. (The American Petroleum Institute issued a statement saying, "We assume this individual speaks solely for himself and not for Daimler Chrysler or for the auto industry itself.")

Yet the Energy Department said U.S. motorists, undaunted by the high prices, will consume 1.5 percent more gasoline than they did last summer. The forecast said gasoline consumption will average 9.4 million barrels a day this summer, even though prices at the pumps have risen 20 percent this year to a nationwide average of $2.68 a gallon for unleaded regular. Gasoline accounts for about 45 percent of U.S. oil consumption.

Strong demand makes it easier for refiners and marketers to pass along crude oil price increases to consumers. The EIA said the margin between retail gasoline prices and the cost of West Texas intermediate crude oil has widened by almost 30 cents a gallon since early February.

http://www.washingtonpost.com/wp-dyn/content/article/2006/04/11/AR2006041100571.html

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post #19 of 41 (permalink) Old 04-11-2006, 09:07 PM
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RE: Again with the gas prices..

$2.51 a gallon.

Heres a link for those who hunt for the cheapest gas stations in their area.Pretty damn handy actually!

http://www.gasbuddy.com

http://i30.photobucket.com/albums/c328/nutz4benz/W123/6C3A9CA5-EDFF-4834-8125-34B70B20A676_zpsiyesrawz.jpg
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post #20 of 41 (permalink) Old 04-11-2006, 09:53 PM
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RE: Again with the gas prices..

Quote:
cmitchprint - 4/11/2006 10:25 PM
I may be wrong but I doubt we'll ever see gas under $2.00 a gallon again.
I don't think you are wrong buddy.
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