Gas prices !!!!

[bostichman]

Okay because of the hurricane a refinary platform was washed away. I was just told by brother who owns a gas station that his next gas load in the morning will be 20 cents higher because of this. Doesnt it just amaze you that when the oil companies buy on futures the pirces hit the pumps the next day. I saw a report last week that it takes almost 9 months for a barrel of oil to get refined and shipped. If they work on futures a barrel of oil closed in november at 41.50 a barrel. Why are we paying 3.00. Canada here I come lol.

[Oreo]

Geez, perhaps I'll fill up tonight...this SUCKS! Also, some states charge extra taxes that don't go anywhere...which means higher prices. BLAH

[MrOats]

Yeah, here in NY it is pretty expensive also... I think about $2.39 on average? Anyway, we live close to PA, so we go to the border (well, my mom and I) and fill up most of the time. (I like to fill up the gas tank... ) It's about $2.24 there. Still Outrageous? Yes. Cheaper than NY? Yes. So it gives us some sad relief at least... I wonder how much it will be when I get my own car... Yikes!

EDIT: Gas has just been jacked up to $2.90 for medium grade today...

[Oreo]

it's almost 3$ for premium (which one of our cars is supposed to take or it gums up the engine)....I am SURE by tomorrow it will be OVER 3

[Aqeel]

The total amount of oil in the world is estimated at 4 trillion barrels. Of this total, experts estimate that approximately half is recoverable. These same experts estimate that 465 billion barrels of oil have already been consumed. The current rate of consumption around the world is 22 billion barrels per year. At this rate, the world has about 45 years left to enjoy the luxuries that oil provides. Once world oil reserves becomes depleted, companies may look into the estimated 800 billion barrels which remain to be discovered, or are not recoverable with our current technology (Environmental Science, A Global Concern). Some prospective drilling sites where oil companies are researching are located in Alaska and the Caspian Basin. A large potential for liquid hydrocarbon resources, including shale oil and tar sands, exist mainly throughout North America.

Global oil discovery peaked in the 1960s and oil production is likely to peak as soon as 2007. With a world economy based on fossil fuel, the economic and social consequences will be dire. The prices will rise with the every passing day, so there is a need of new oil/energy resources or to cut short our enery consumption, changing our life style.
You can see an interesting article there if you're interested with world energy future, that is your future also.
http://www.capetimes.co.za/index.php?fArticleId=2505413
http://www.iol.co.za/index.php?sf=28...28182&set_id=6

[shifter]

You think it's any better in Canada? The current gas price in my city is at 107.5 cents/litre which is about $3.40US/Gallon. I'd stay where you are!

[RabidKitten]

.... Rochester is sticking somewhere in the mid 2.30's or so... we'll see what happens though. Oy this could really put a noose around the neck of my thin budget. Stupid college has to be all the way across town.... *mutters*

[Oreo]

Also, from what my hubby tells me, it's always MORE expensive in Europe...well, this is a good time to start developing those WATER powered car.

[LinuxAddict]

The average price by me is about $2.80. But in the city (Chicago) gas is over $3.00 for regular. Makes me think about whether or not I want to get rid of my gas guzzler.

[Aqeel]

Originally Posted by Oreo

Also, from what my hubby tells me, it's always MORE expensive in Europe...well, this is a good time to start developing those WATER powered car.

Water powered car; quite interesting idea Oreo but technology at the moment we have doesn’t support that idea, it would take a lot of time, research and money to develop it. Right at the moment you can cut short your oil consumption by changing your life style. The other alternative is to use Seed Oil, oil extracted from the seeds of different plants. A team of researchers here in Pakistan is working on such a project and they are aimed to market upgraded vehicles in 2006 those will use this oil, government has setup a task force that will make sure the supply of these seeds for large scale oil production. That task force will simply urge farmers to grow these seeds. Why can’t ideas like this be practiced? Instead of killing thousands in Iraq to capture oil reserves, cut short your energy needs or use alternative techniques and technologies.