lol 87 here is a $1.30 a liter so 5.20 a gal, meh you need it you need it. but whats this world coming to. might need to get a hybrid silverado

 

They say that every year. Oil is just now $100 a barrel. @ $150 we still didn't see close to $5.00 in Texas.

The price is going to swing back down. There is a lot of oil out there. Once all these domestic drill sites figure out how to move their crude cheaper, it's definatley going to drop. Deep water drilling is coming back online. There's supposed to a huge refinery coming online in Port Arthur. I know the Feds are looking to sell off some reserves. People have been using oil to hedge inflation. When the price spikes, there's a big sell off. The market gets flooded, price comes down.

The ignorant blame Big Oil. It's really the oil speculators causing the price swings. I know Exxon refines the dirtiest, sourest crude in the world. They get it from Mexico. Yet oil prices are based off of Texas Sweet Crude, and Brent Oil. The highest quality oil.

I never pay attention to that kind of ****. It's not worth getting all worked up b/c some ******* wants to make a headline.

 

Right after the big scare a couple years ago, gas shot up right after I bought the Denali (11MPG). Now it is going back up and I have an LQ9 coming on the boat. I must be a gluten for punishment at the pumps. Or I like to go fast one of the two.

 

Every $10 increase in crude price/bbl, the price at the pump usually goes up about $0.25, and there is a few week lag on that increase for the higher price to move through the refining process. I bet $100 we will not see $5/gallon at the pump. $4, probably, $5, not a chance. I caveat this with if Saudi Arabia and the UAE get sucked into this, then yeah, $5, maybe $6 gas, but until then, nope.

I use E85 anyways

 

The $5 a gallon price they're predicting is after oil hits $220 a barrel.

 

I don't see it, at all. We are producing about 16% more oil per day and have significantly more oil in storage than we did in 2008. Plus, as oil prices go up, it incentivizes oil companies to drill prospects that might not have been economically viable at the lower prices, so it will create more supply and thus lower the price. At $150/bbl, companies will be drilling like crazy.

 

If you want better mileage, just put a turbo on your truck...

 

I drive a Honda

 

Whatever it is, somebody stop the inflation! Just filled up with diesel, 3.49/gal!

 

well we also arent allowed to drill any new holes in the gulf right now since deep horizon so all the MODU's are moored up right now unless there are previous sites that are still producing.