I see over $4.00 a gallon by summers end at this rate. IT is $2.85 and rising here in southeast Texas.
I think you are absolutely correct.
I see over $4.00 a gallon by summers end at this rate. IT is $2.85 and rising here in southeast Texas.
Without turning this thread into Pit material, think about about all the R&D that could have been put into Electric vehicles (improving Lithium Polymer batteries, increasing DC motor efficiencies, making more effective solar panels, etc.) with the hundreds of billions of dollars that went into the Iraqi Invasion and Occupation.
I think the real terrorists are the oil companys...
I think it was said elsewhere, but just a few more posts and you should be able to change your Avatar Status Line. Or, click on the Donation link and become a Supporting member(I've been here a year today and still classified as a junior member)
Mike there is a new definition for law of supply and demand-
We have the supply, but demand more for it!
Nowhere on my travels on the East Coast including Grand Cayman for a few days, have I seen "out of gas" signs. The traffic doesn't appear to be affected, heavy as usual. But the cost has risen from 2.68 per gallon when I began this trip to today at 3.39. That's a pretty hefty increase over 6 weeks. Fortunately for me, I'm on business so I bill for the expenses. In addition, the hotel costs have gone up 15-20% since last year at the same places. Food is about the same, Tolls went up about 12%. Many stations in the NE are selling E-10 gas too for these higher prices. According to many, their cars get less mpg with ethanol blends. This fact adds to the cost increase while not obvious to the buyer.
Why should they (we, actually ) charge less? Why sell it for $2.50/gal when the demand remains unchanged at $3.50?Mike there is a new definition for law of supply and demand-
We have the supply, but demand more for it!
Nowhere on my travels on the East Coast including Grand Cayman for a few days, have I seen "out of gas" signs. The traffic doesn't appear to be affected, heavy as usual. ...
I really don't think if we change our habit's it will make a bit of difference... the Oil companys are going to gouge us for everything they can while they can until or if there is a new power source or government intervention... we are the Cash Cow for them...