It is real, if you pay it.

Here's a color coded map of gas prices across the nation. Handy if you'll be traveling this summer. Illinois is getting fooked and I heard the Chicago area has 20% tax on gasoline. Sheesh!

http://www.kcgasprices.com/Price_By_...state=MO&c=usa

Your mom is like a flea market...she'll peddle her wares to anyone out of her house or in a broken down drive in theatre, you can haggle her if the price is too high, and even though the she'll charge a cover by the end you'll be sweaty and spend all your dough on stuff you could live without...

There you go! LMAO

already have one :D

fuck this shit.

What are you going to do about it?

My thought is he's about to join the posse of Chiefsplanet members who are about to launch an assault against your household as some sort of measure of revenge over the gas prices. Once they're done, they'll proceed to pull up some tacky-ass plastic fold-up chairs in a neighbor's garage and bitch about the gas prices over a cold Keystone.

Ironically, I probably have less to do with the price of gasoline than 99% of the people here.

Just paid $4.34 today

I figure it'll settle out around $6

Are you part of the 1% of people capable of teleportation?
...

Or, you are 1% of the people who are Saudi royalty.

Well here I go again. I don't know how many times I've been through this cycle, but every time I read this thread or talk to certain circles of people I find myself doubting my supply demand concerns so I go and do more research, but then I always end up right back where I started. This has to be supply, it absolutely has to be.

1: It's not going to be coincidental that world production levels off and prices rise.

2: There is plenty of evidence that Saudi production is in decline.

This is pretty thorough.
http://www.theoildrum.com/node/2429

The thing I think average joe wonders is "Okay if the Saudis are lying about their oil reserves, why? Why do they say they have more than they do?" Well I think the answer to that is historical. Opec members in 1988 agreed that oil production would be based on each countries oil reserves, so the more you had the more you were allowed to sell on the world market. Mysteriously every Opec member nations reported reserves had massive increases that year. Wow, that's funny!
Saudi in 1987 said they had 165Gb of reserves, but in 1988 right after Opec established their new guidelines Saudi claimed to have 255Gb with no major new discoveries! How convenient of them.

Anyway, ass you can see in the above link every known Saudi field has appeared to be in decline for awhile now, or at least it's production has been, the Saudis say they're doing it on purpose though and it's not a real peak. Well oddly enough if you decide to peg their 'peak' at the beginning of their production decline in 2006 and assume at that point they were at 50% depletion, then that would put their figure of exploitable reserves in 1987 very close to the 165Gb they claimed to have that year, lending further support to the idea that the Saudis peaked in 2006-2007 and are in a rate of decline right now, which further means the planet is probably also in a decline.

I've given this more and more thought and the answer I think is simple although not entirely obvious. The key to this is speculation. Speculation on the prices of oil by investors raises the price and curtails demand in advance of supply side shortage, in effect the speculators jumpstart the price and profit off of it before it gets to the point of a real shortage.

I think if you mull that over for awhile you will see that this is not only likely, but in todays economic world it's almost inevitable. I believe it would be difficult to have a true shortage of anything today unless it somehow caught us by complete surprise such as a natural disaster drastically changing a commodity market. Speculation will always get their first if there are any real indicators to lead off of, and in this case there were tons and tons.

I paid $5.31 today for Diesel. I was paying $4.54 last week...Almost 80 cents in about 5 days. I had been saying for some time that I expect gas to be $5.00 a gallon by summer....guess I was wrong. I am not sure if even $7.00 would be a settling point here in CA....

3.76 for the cheap stuff yesterday