How high can gasoline go?

Gasoline can go as high as the sky.

Because YOU dont own it, and YOU need it.

 

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It's times like these we learn to live again. Find someone to carpool with to and from work or invest in a bicycle or a motorcycle. Something cheaper on fuel.

I can't afford gas either. So my car has been sitting in the parking lot.

 

As long as people keep using as much gasoline as they are using, there is no incentive to hold gasoline prices down. Oil companies will charge just as much as we are all willing to pay.

According to a Dutch friend of mine, gasoline in the Netherlands is going for $10 per gallon. Is it any coincidence that you don't see so many SUVs there, or that so many people use mass transit to get around?

 

Thing is usage is down in the US, surpluses are up so how does supply and demand work?

Or is it that the price is set by rabid market speculation? Is that sane in an economy that is trying to get back on it's feet. Does that serve the society as a whole or a just those that are playing a profitable financial game?

 

And when the consumer market of a society spends all it's capitol on gas at the expense of other commodities that's good for the society? That's what lead to the housing mess. Hard to pay your house payment when half of your paycheck is going to get you back and forth to work and the rest is going for grocercies because they passed the increased transportation costs on to the consumer. Let alone buy new Nikes, computer or tv set that year.

 

Driving ain't my biggest concern. Town trip once every other week in my old '86 Chevette...

But last summer and this summer too, I stopped being so ANAL about having the worlds most manicured yard.... Now I'm mowing paths until June, then mowing the whole thing twice a summer, and making sure to use every bit either for mulch for the garden or hay for the horse. It's a lot more efficient system.
Unless you live in one of those place where you are forced to keep things just so, an awful lot of needless lawnmowing and weed-eating seems to be simply a bunch of ego (gotta have it look nice for the neighbors......) It just makes no sense to spend the whole summer burning up gasoline to fight back mother nature.

 

I think the price of gas and general goods and services in general are going to inflate to unmanageable levels. We are on a path of monetary destruction that cannot be reversed. Right now, as I write this the Shanghai Cooperation Organization is meeting to discuss replacing the dollar as the world's reserve currency, once that happens the dollar will begin to show it's true value (which is NOTHING), and the price of oil and world goods will take on a new standard, creating what is going to become an extremely disruptive, potentially violent situation.
http://www.truthdig.com/report/item/20090614_the_american_empire_is_bankrupt/

 

I'm riding my bike to work every day now.

 

The automobile is a stone age invention. Until we run our cars on electricity or H2O, there is not much sense investing your money in a vehicle.

 

That doesn't explain why taxpayers bailed out a failing financial model. Our financial system crashed when some profit seeking corporations pushed the levels too high. We bailed them out. What are they investing in today with our bailout funds, while we can't get back and forth to work? There's not much sense in investing in a failed financial system that sends our jobs overseas for whatever reasons.

The only thing cap and trade is going to do is send more of our jobs overseas. It won't reduce our co2 emissions, it won't make our cars anymore efficient, it won't lower the price of gas, but it will make a handful of people more rich and powerful.

Poor people drive to get back and forth to work it's not an option in a lot of areas to take mass transit...it doesn't exist. They don't buy new vehicles every two years, they try to keep what they have running, but every time the government gets in a bind they find more and more regulation in order to maintain and continue to operate their older models, while new car owners get exemptions.

 

If you don't like the price of oil then go protest outside the Nigerian embassy. Tell the Nigerians that even though their country mostly lives in poverty, there's this guy Gardener in California and he demands cheap gas, because it is his right.

 

You can talk and whine and protest all you want, but in the long run (and it isn't very far in future) gasoline prices are going way way up. At some point the only thing we will use petroleum for is lubrication -- no, not the fun kind.

 

So the Nigerians are doing better because I am paying more? It doesn't matter that the Saudis have cut production? And please outline who is profitting. And all the oil that was bought with TARP funds and tanked off shore doesn't affect the price.

 

And what are you basing that surmise on? Peak oil? Bought into the speil haven't you. If that's true let's all just stop using it...wonder what the oil companies would do if we did that.

 

Obviously, fossil fuels running out. You don't believe that?

Why should we stop using it? No, as the price goes up and up, there will come a time when individuals decide not to buy it anymore.

 

I think there should be an outright ban on it if it's running out. Let's just not use it. Where would our economy be then? How would our workers get to work? Individuals that I know only buy it when they have to, our government holds a surplus that could give them some relief, but then the oil companies wouldn't have their record profits would they? High oil and gas prices lead to our economic melt down. We bailed these suckers out, they bought oil at all time lows now those of us that bailed them out we should be glad they can pay us off, but we can't afford to get back and forth to work while they are profitable once again. Why doesn't that make sense to me?

 

No, high prices do not lead to a meltdown, as long as they don't rise too suddenly. They provide economic signals to develop and use alternative energy. Yes, there will be pain during the transition, which could have been much less if we hadn't had four Presidents in a row that did nothing about it. To this day, I don't understand why Al Gore did so little when he was VP.

 

Might it have been because he's gotten rich from carbon offsets and the promise of cap and trade Want to send this economy in a tail spin increase those gasoline prices. Shit the American workers have no jobs to go to anymore.

 

Yes.
So are you going to protest them or not? What right do those Nigerians have to sell their oil at a price you have concluded is incorrect, because you don't feel like paying it?