Gas prices?

[Doozie870]

At one point, I saw the price of gas is 80% based from the price of crude, with crude soon to fall below $90 would that not make a gallon of gas around $1.76?

[Diegoboy]

I can only HOPE so!

[Mich. Maniac]

That must be a liter or something. I dont see them bringing it down that far. Even if its true then why? Is there suddenly a surplus of oil? I kinda doubt it. I would be filling up my swimming pool if it does!

[Bill-SOCAL]

A barrel of oil is 42 gallons. Each barrel of oil yields about 19 gallons of gas. So about 45% of the barrel makes gas. At just the price of a barrel gas would be about $2.25 a gallon. Add in refining costs, finding costs, production costs, transportation and such, and there you go. $4 gasoline.

[Ub Hauled]

I was listening to NPR and an "expert" was saying that the low prices of the barrel will not reflect at the pump for another 3-4 weeks due to market instability, speculation, yadda, yadda.
In any case, he expects the prices to drop 30-40 cents from what they are now... in my area that would be 3.30 give or take a few cents.
I say, are we suppose to be "happy" with the prices over 3bux? I don't expect it to ever to go down to under 2 dollars but I'd be "ok" with it being somewhere in the 2.50 department up to 2.70... is that ever going to happen? Unlikely.
So I buy electric boats and eventually a car.

[Bill-SOCAL]

Trouble is that electric cars need electricity to be charged. That is often times generated using coal fired plants. Nasty stuff coal. It would be fine if industry would pay to burn it cleanly, but they refuse to do that and the coal lobby is HUGE.

[Ub Hauled]

I knew I could count on your input Bill

I understand that, the coal is some nasty stuff. But i am counting on other power sources...
CNG, UNG, Solar, wind, etc. I'd make sure I would not be sponsoring any nastyness.

[Quicksilver]

burning coal "cleanly" could be a whole topic in itself. Somehow I've gotten used to gas prices, it's causing me to look for a new job, but I dont think about it like I used to to. was 4.29, now 3.69. tis a brave new world where things that werent luxury items, slowly are becoming them, incl milk.

[Spot Me 2]

I wish I had your gas prices. Gas is $4.05 here. It must be the transportation charges. There are only 9 major refineries within 50 miles of me?????????

[Ub Hauled]

there's a refinery 20 miles away from here and gas prices in LA are one of the worst in the country...
it's not that... there must be a different price table calculation for the "locals".
Crazy regardless.

[azjc]

here in Phoenix gas prices are not as bad as other parts of the country, I just filled up @ Costco and it was $3.35 PG and I thought they were giving it away....LOL...but IMO the way to go is hydrogen you can either convert combustion engines to use it and the exaust produces H2O, or you can use it as power cells using water to produce electricity. But I would be surprised to see it happen in my lifetime....(we all know big business runs our country)....but we have such better alternatives at our disposial (wind, solar, geothermal) than to strip our earth of fossil fuels, not to sound too Democratic here because I am not

[Avanti]

too bad oil spiked up again
I don't think we will ever see gas below 3.00 again, sad to say

[ice329]

Gas will come down to about 3, I think, problem is we in NC and SC have a shortage, ya there are gas lines everyplace and they are limiting the amount you can get. One of the storms disrupted the flow here or some bull like that.

[Doozie870]

Confused more than ever (which doesnt take much) $79 a barrel now. I thought the world dried up?

[Avanti]

regular has dropped to $3.29 here in St Pete, FL
it even has my hopes up that we will see it under $3 again soon
but that could be wishful thinking on my part