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Old 01-10-2009, 01:17 AM
 
Location: Tennessee
28,673 posts, read 48,796,915 times
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Gasoline prices have been on the rise of late but demand remains sluggish. Industry sources don't anticipate a return to record highs.

Don't expect $4 gas anytime soon - Jan. 9, 2009
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Old 01-10-2009, 02:40 PM
 
Location: home state of Myrtle Beach!
6,295 posts, read 19,526,956 times
Reputation: 3518
Good news!
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Old 01-10-2009, 10:57 PM
 
3,853 posts, read 11,857,297 times
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Seemed like 3$ gas was a level where most people didn't reduce consumption or complain much. I believe saudi arabia needs oil at 65$ to finance their government and social programs (75% of saudi Arabia's GDP is from oil).

I am sure the OPEC nations will continue to cut until they get the price back to where they want it.

I wouldn't exactly rush out and buy a gas guzzler though.
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Old 01-11-2009, 12:12 PM
 
16,308 posts, read 25,574,834 times
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Jumped 20¢ from Monday to Friday at almost every station in town last week. $2.50 by spring, $3.50 by summer, then we need another hurricane to shut down refineries, and cha-ching $4.
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Old 01-11-2009, 12:38 PM
 
Location: home state of Myrtle Beach!
6,295 posts, read 19,526,956 times
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Quote:
Originally Posted by Asheville Native View Post
Jumped 20¢ from Monday to Friday at almost every station in town last week. $2.50 by spring, $3.50 by summer, then we need another hurricane to shut down refineries, and cha-ching $4.
I believe you meant $5! Because if we get hit with an outage like we did last hurricane season it will be $5.
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Old 01-11-2009, 05:03 PM
 
Location: Rockland County New York
2,984 posts, read 5,340,653 times
Reputation: 1295
Quote:
Originally Posted by myrc60 View Post
I believe you meant $5! Because if we get hit with an outage like we did last hurricane season it will be $5.
If gas went up to $5. dollars a gallon it would kill any attempt of restarting the economy.
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Old 01-11-2009, 11:48 PM
 
Location: Heartland Florida
9,324 posts, read 24,272,537 times
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Gas will be in the 3.00 range this summer. Once inflation kicks in it will be a steady rise up.
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Old 01-12-2009, 12:08 AM
 
3,853 posts, read 11,857,297 times
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Quote:
Originally Posted by Stac2007 View Post
If gas went up to $5. dollars a gallon it would kill any attempt of restarting the economy.
Any oil producer could care less about restarting the US economy. If we don't buy it, okay they'll sell it to india or china. They don't give a damn.
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Old 01-12-2009, 04:11 AM
 
Location: Central CT, sometimes NH.
3,605 posts, read 5,334,711 times
Reputation: 3816
Gas will resume its upward trend by nickeling and dimeing us back up. There is no way that the oil producing nations and their oil company partners are going to "leave money on the table" and let the price of crude remain low for too long.

Right now the low price of crude coupled with a crippled economy is shelving the alternative energy plans that were gaining a tremendous momentum as the price soared past $4 at the pump. As soon as interest in alternative energy projects return to being viewed as "experimental alternatives", and they have their funding seriously cut, the fleecing of an imported-oil dependent nation will resume.

Thankfully, T. Boone Pickens who has the incentive to create another revenue stream from changing America's energy infrastructure is not letting up on his pressure to make wind and natural gas viable alternatives. Regardless of his motivations his plan has a lot of merit!
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Old 01-12-2009, 05:29 AM
 
Location: Fort Myers Fl
2,305 posts, read 2,751,880 times
Reputation: 917
If your blaming the oil companies for high oil prices your blaming the wrong people. Try looking at Wall Street. Never did buy that supply and demand crap either.
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