I'm not sure about that.

The US needs to stay the **** away from these protests.

They wouldn't let them blow up the wells man... They saved Kuwaits bacon, they will do the same for SA

Sad to say it but if the USA does not get involved, we may very well see 10.00 a gallon gas

I don't see why any revolt by the Saudi population would include them destroying by far their biggest source of wealth.

Retreating Iraqis set fire to Kuwait's production as a method of scorched earth.

If the Government was about to be overthrown they would probably be the ones setting the fires

No dice. This is NOT the same. Not even close.

Let's hope you are right

Its civil unrest. Or something like that. the People vs their own governing body. You cannot have a foreign entity(US Military)intervening. Thats an entirely different can of worms.

National average for gasoline is now $3.35/gallon. The "good" news is that crude seems to have stabilized near the $100 mark.

Crude has pushed through $100/barrel today and is trading near $102. Gasoline at $3.38. The "good" news is that the big push in crude has now made it's way into the retail pricing.

Explain, please.

The present retail price of gasoline includes the recent ~10% increase in crude pricing. So, without another very quick jump in crude, gasoline prices should stabilize around $3.40 for the time being.

$3.19 and holding steady in my area...

Ah, I see. Thanks.

So how long will this surge in gas prices last until the prices fall out like they did last time, a few years ago? I remember gas was nearly 4 bucks a gallon, then bottomed out around $1.20/gal in my area.

As always, it depends on what happens with the price of crude.

yea, that was crazy....all within a 4 or 5 month span too...

I remember telling Donger that we would never see gas below $2.00 again a few months before that happened.

Maybe it pisses me off that I'm not one making hand over fist money off of it, but there is something very wrong with betting on the "futures" of a product.

It peaked in July 08 around $144/barrel then plummeted over the next 5 months. NO ONE thought we'd see gas that low again. I certainly didnt.

Yeah, I was shocked it got that low. I'm kind of in that mindset again, now.

Didn't I tell you that it would? I can't remember.

I think so......

$1.20? NFW

It barely dipped under 2.00 here.

Love the Showbiz sig.

The national average dropped to $1.50 or so in December 2008, so $1.20 local pricing could have happened.

Where do u live? I was in KC Christmas of 08 and i remember gas being really cheap around that time.....

Omaha. I remember it dropping to $1.90 or so for a short time.

You sure, because it dropped to around 1.35 after Thanksgiving in my area then.

Oil prices rose near $102 per barrel Wednesday as fighting escalated in Libya and petroleum demand grew in the U.S.

http://news.yahoo.com/s/ap/20110302/.../us_oil_prices

Should have been drilling the shit out of the Gulf and Alaska 3 years ago...

32 cent increase in the past 7 days. Screw you speculators. Screw you congress. Screw you Obama.

It is was OK to blame Bush.....

I hate everybody now. I'd burn down the world if I could afford the gas.

It doesn't matter who the president is, it's still the same bunch of crooks running the show.

It plummeted to $33 a barrel after the speculative bubble burst.

this. I paid 4.72 a gallon to fill up my diesel today.....

Yay, only gonna get worse. :rolleyes:

I know. I just wanted to see what it felt like to blame Obama.

Still kills me that the media is not saying much about it at all.

Good lord.

It too that much to fill your tank? WTF do you drive?

Same old song and dance....everyone bitches about gas and what to do about it when its high....then it crashes and goes back down again and everyone forgets about it alternatives and it goes on everyones back burner...then 2 or 3 years later, wash, rinse, repeat....

Going to keep trending upwards to $4 plus soon and keep going until end of 2012 when we FINALLY will drill here in America.

1994 Mazda takes about 45 bucks to fill up down here in NC

I remembered 2 years ago everyone was blaming GW and his oil baron friends.

Reg 87 octane gas is 3.35 in St Joseph. I know we're always below the avg here in town but just curious what others are seeing.

Oh and Crude is down 1.31 atm @ 100.92

Com'n end the speculation and drop the price!!!

3.39 for regular unleaded in Council Bluffs IA.

3.49

Crude up to $104.42 today (+2.46%).

yeah, can't wait until we can't afford to go on vacation next year.

Just stick it on the credit card man.....

$3.46 national average. Up $0.35 since last month.

I never charge more than I can afford to pay each month. Between gas and food prices we are having to cut on a lot of the other things. Just remember, Obama stated he wanted us paying $5 for gas. Looks like he is going to get what he wanted.

You are correct sir

Chaps, this really is isn't the place for politics.

Gas prices are nothing but politics... regardless if the president is a Liberal or Conservative, the results are always the same...

dollar down... crude oil up... silver up... New 31 year high today for silver. $35.67

I'll ask again: please refrain. Thanks. If you want to have a discussion about Obama's quote on gasoline prices (which he did make), please do so in DC.

This thread will be fine Donger. Politics has been brought up several times since the inception of this thread and it is still civil here.

I didn't say a damn thing about Obama... You did, please refrain from not reading posts and place your blame accordingly... Thanks

You can't separate fuel prices from political discussion. They are one in the same.

Meh. Whatever.

It's not an official political discussion until one of the DC shitbags shows up.

$3.59 in WV now....this state's gasoline tax is stupid. Luckily I can drive about 15 minutes either way and save money in MD or VA.

Just as Bush had VERY little to do with the price of crude, so does Obama have VERY little to do with it.

A discussion about whether or not Obama WANTS high gasoline prices doesn't belong in the Lounge, IMO.

That's not the same as a random, "fucking Bush!" or "fucking Obama" rant, IMO.

I use to run thru WV everyday... Fuel and gas prices have always been insane there...

Lowest prices I see are Wytheville Va and just across the line in SC around Gaffney

I still don't see a decrease in traffic....

They could charge 10 bucks a gallon and people would still be riding around all night.

I'm of the opinion that the pain threshold is around $3.50/gallon. It looks like we'll see that soon.

3.49 this morning here at 5 am and been the same for like 3 days ... I didn't look at it today but I am sure it's higher with the spike today.

Just paid $4.09 in the North Bay

Ya but thats Kookafornia... Yall don't count..:thumb:

Agreed. Diesel is the real focus for me. It gets up over 4 natiowide, I'm thinking truckers are going to start shutting it down like they did last time, and there will be problems getting supplies moved across the nation.

I'm more shocked at the 2.5 million you dropped on that 1400 sq. ft., 2 BR, 1 BA detached 1 car garage house.

High fuel prices only hurt independent guys, huge trucking companies especially LTL loves high fuel prices because of the surcharges on every shipment....

Oh yeah, they definitely get theirs, but the independents play a big role in all of this. There's a ton of them out there, and if they all decide to shut it down due to prices, it would be bad.

Right now there are far too many trucks and not enough freight.... Independents are a dying breed, been in this business for over 25 years now and the ones who are still in it aren't making much money after they buy the tires and fuel... Alot of them take loads to get back home that hardly even pay the fuel.

Not much profit in Truckload services anyway as compared to LTL where there can be 20 or so small shipments or more in every pup trailer going to 20 different places with a fuel surcharge on every single shipment, the big boys can't lose when the fuel goes up but then again, I think they are trying to squeeze the independents out anyway and have tried for a very long time... they almost have the task accomplished

Sorry if I have offended you. I am just kind of irritated that it was OK to blame one president but not the other.

I do know that the president has very little control over it. The media just pisses me off.

http://www.moonbattery.com/gas-prices.jpg

I know, repost from about 1999

Itys what eventually put small independents like me out of the buisness in the 90's, just couldn't compete with the larger companies and their bulk fuel buying discounts

How do you have a million as an owner operator? Start out with 2 million

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