BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board
 
OneEighty
View Poll Results: What will gasoline hit this summer (regular unleaded) per gallon - national average
$5.00 90 38.96%
$5.50 69 29.87%
$6.00 42 18.18%
$6.50 12 5.19%
$7.00 plus 18 7.79%
Voters: 231. You may not vote on this poll

Post Reply
 
Thread Tools Search this Thread
      06-08-2008, 05:09 PM   #45
RBP
Second Lieutenant
7
Rep
202
Posts

 
Drives: pair of sandals
Join Date: Sep 2007
Location: various

iTrader: (0)

Quote:
Originally Posted by galahad05 View Post
Sorry, fundamentals don't support your reasoning.

The cost of pumping the world's most expensive barrels of oil is....wait for it.....

$50.00 per barrel. Naturally there are much cheaper barrels being pumped right now. Like Saudi Arabia's $5 / barrel...


The price of oil will crash back down to somewhere in the $70's, most likely.



EDIT: Hell, even the uber-expensive oil shale stuff only costs $70 / barrel to extract. When prices = high, then suppliers will jump in (as they are already doing with the shale and coal-to-oil converstions). With the high prices, demand will drop (as it already has in the U.S.). China will almost certainly drop their huge oil subsidies after the Olympics, thus bringing prices way up for their populace. This will further kill demand.
Excess supply + lower demand = ?
I never said fundamentals required oil to be this high or even at $112...I'm just pointing out how it might tumble in the short term.

It takes years to bring on more supply and there is simply not enough refining capacity out there for the tar oil.
Appreciate 0
      06-08-2008, 05:13 PM   #46
bimm3r_c
Enlisted Member
United_States
0
Rep
31
Posts

 
Drives: 06-325i S.P._06-350z enth
Join Date: Jan 2008
Location: suisun city,ca

iTrader: (0)

man!!!..this price of gasoline is ridicolous!!! (sp)...i doubt that it will go down to its original price ($3.00 something!)..that is before the..Damn!.

trivia?!!

Who was the last president (early 90's) that we saw this kind of gasoline price hikes ,economic decline, recession...all because we went to war???
Appreciate 0
      06-08-2008, 05:21 PM   #47
Majikthese42
Philosopher-king
Majikthese42's Avatar
11
Rep
1,113
Posts

 
Drives: 2008 E91
Join Date: Apr 2005
Location: People's Republic of New Jersey

iTrader: (0)

Let's ask T. Boone Pickens where it's headed:

http://www.cnbc.com/id/15840232?video=747990771

Quote:
Originally Posted by T Boone Pickens

"They're gonna to go up because the people that have the oil want it to go up and they're running out of oil. They're gonna have 85 million barrels a day, is all the world can produce, and the demand is 87 million, and it's that simple. It doesn't have anything to do with the value of the dollar. It's just a fact of supply and demand. That's it."
__________________
E91 6MT Alpine, Terra, Xenons, ZSP, ZCW, ZPP, PDC, CA, alarm, M shifter and M brake handle, Euro rear fog light switch, Euro aspheric mirrors, rear power outlets, Garmin nüvi custom cupholder mount, Lidatek, V-1 built-in remote display, tire pump, jack, floor mats.
Appreciate 0
      06-08-2008, 05:24 PM   #48
EHbavarian
Captain
EHbavarian's Avatar
14
Rep
961
Posts

 
Drives: e90
Join Date: Aug 2007
Location: HAMPTONS

iTrader: (0)

last nite $5.40 .... about 80 bucks on my e90
__________________
2006 e90 jet black- SOLD
2004 E46 M3 white-SOLD
currently driving a 2004 infiniti g35 coupe 6mt w/ single turbo by turbonetics / d.p, forged pistons, heads, exhaust system, headers, uprev tune etc etc , dynojet 470whp
Appreciate 0
      06-08-2008, 05:45 PM   #49
BMW335icDDS
Doctor
BMW335icDDS's Avatar
11
Rep
634
Posts

 
Drives: RRSport, 335vert, 997 S, Sc430
Join Date: Feb 2007
Location: Los Angeles and New York

iTrader: (0)

Garage List
Gas prices hurt a lot, but I'm not that sad seeing them go higher because it does reduce traffic in LA, and at least there are less SUV's and trucks on the road.
__________________
2002 Lexus Sc430
2007 BMW 335i Convertible Space Gray on Coral Red
2007 Porsche Carrera S
2011 Range Rover Sport HSE Lux
UCLA D.D.S. Columbia University Dental Specialist
Appreciate 0
      06-08-2008, 05:47 PM   #50
galahad05
Colonel
galahad05's Avatar
27
Rep
2,555
Posts

 
Drives: '07 335i e90
Join Date: Mar 2008
Location: Long Island NY

iTrader: (0)

Quote:
Originally Posted by Majikthese42 View Post
Let's ask T. Boone Pickens where it's headed:

http://www.cnbc.com/id/15840232?video=747990771
Demand will go down as the price raises. Always happens. In fact, it happened in the '70's OPEC-initiated oil embargoes.

Indeed, it's happening right now. Counteracted by rising Asian demand for the moment (subsidized oil to their populace). Once those governments drop their subsidies--which they'll have to because of the sheer cost of this--we're talking tanking demand.
__________________
Always laugh when you can. It is cheap medicine
--Lord Byron
Appreciate 0
      06-08-2008, 06:06 PM   #51
Tondtar
12 yr old Juvie
Tondtar's Avatar
Vanuatu
154
Rep
884
Posts

 
Drives: His Mom Crazy
Join Date: Apr 2008
Location: El Lay

iTrader: (2)

Garage List
In a couple of weeks? We are already there, bud.

Self-serve regular gasoline is advertised at one-tenth of one cent less than $5.00 per gallon, with mid-grade and premium well over that mark, at a filling station in Arcadia, Calif., Friday, June 6, 2008. Oil prices shot up more than $11 to a new record above $139 per barrel of crude after Morgan Stanley predicted prices would hit $150 by July 4.
(AP Photo/Mark J. Terrill)



Quote:
Originally Posted by solefald View Post
$4.79 last night. We gonna hit $5 in a couple of weeks

Last edited by Tondtar; 12-16-2008 at 12:28 PM.
Appreciate 0
      06-08-2008, 06:09 PM   #52
ArmyBimmerDude
Major General
ArmyBimmerDude's Avatar
United_States
67
Rep
5,504
Posts

 
Drives: Lola
Join Date: Nov 2006
Location: Georgia

iTrader: (3)

Garage List
Send a message via AIM to ArmyBimmerDude Send a message via Yahoo to ArmyBimmerDude
Quote:
Originally Posted by Speedschnecke View Post
i paid 8,08$ in germany
You get payed in euros and you drive a diesel, which is far cheaper than in the U.S.
__________________
2007 E92 Montego Blue 335i
Appreciate 0
      06-08-2008, 06:11 PM   #53
ArmyBimmerDude
Major General
ArmyBimmerDude's Avatar
United_States
67
Rep
5,504
Posts

 
Drives: Lola
Join Date: Nov 2006
Location: Georgia

iTrader: (3)

Garage List
Send a message via AIM to ArmyBimmerDude Send a message via Yahoo to ArmyBimmerDude
Quote:
Originally Posted by BMW335icDDS View Post
Gas prices hurt a lot, but I'm not that sad seeing them go higher because it does reduce traffic in LA, and at least there are less SUV's and trucks on the road.
+10000000000

I can't wait to see pick up trunks off the road. Non driving rednecks. At least here in Georgia anyway.
__________________
2007 E92 Montego Blue 335i
Appreciate 0
      06-08-2008, 06:57 PM   #54
BMW2Hart
Sparkling Graphite Metallic
BMW2Hart's Avatar
5
Rep
109
Posts

 
Drives: '06 E90 325i, Sport, Type 161
Join Date: Oct 2007
Location: Georgia, USA

iTrader: (0)

Quote:
Originally Posted by MrOffshore View Post
So...what do you think the national average on gasoline will hit this summer per gallon:
Ride on my brother - thou has wheels, will travel no matter what price of oil.
__________________
Prod Date: 6-01-05 | N52 | E90 | 325i | Sparkling Graphite | ZSP | Burl Walnut Interior Trim | STEPTRONIC Trans | Type 161 | Dual Power Adjusters

Mods - Tint: 30% All Around HP Charcoal Solar Gard | Chrome Tips | afe Air Filter
| Bridgestone Potenza RE 760 Sport
Appreciate 0
      06-08-2008, 07:16 PM   #55
dugedug
Private
1
Rep
58
Posts

 
Drives: '06 330i Arktic Metallic
Join Date: Mar 2008
Location: SoCal

iTrader: (0)

Quote:
Originally Posted by bimm3r_c View Post
man!!!..this price of gasoline is ridicolous!!! (sp)...i doubt that it will go down to its original price ($3.00 something!)..that is before the..Damn!.

trivia?!!

Who was the last president (early 90's) that we saw this kind of gasoline price hikes ,economic decline, recession...all because we went to war???
fail
Appreciate 0
      06-08-2008, 07:54 PM   #56
MrClean
Lieutenant
MrClean's Avatar
7
Rep
437
Posts

 
Drives: 2014 EBII 428i
Join Date: May 2008
Location: Shangri LA

iTrader: (1)

Slightly off-topic, and slightly sick but...

I was considering an M3 at the same time as my 335i. Part of rationalizing the purchase of the 335i, outside of the ~$20K+ price differential, was the cost to maintain and feed the two cars. I can't help getting a little smug when I hear about the price of oil continuing to go up. I know it's all relative, as the 335i isn't exactly a Prius, but it helps to sooth the yearning for the M to know I'm probably getting in the neighborhood of 30% better fuel economy.

J
Appreciate 0
      06-08-2008, 09:43 PM   #57
RBP
Second Lieutenant
7
Rep
202
Posts

 
Drives: pair of sandals
Join Date: Sep 2007
Location: various

iTrader: (0)

Quote:
Originally Posted by galahad05 View Post
Demand will go down as the price raises. Always happens. In fact, it happened in the '70's OPEC-initiated oil embargoes.

Indeed, it's happening right now. Counteracted by rising Asian demand for the moment (subsidized oil to their populace). Once those governments drop their subsidies--which they'll have to because of the sheer cost of this--we're talking tanking demand.
70s were way different. Supply was cut off from OPEC and there were shortages everywhere....people had to line up to get gas and it was rationed. And there was no talk about peak oil back then...just crazy OPECians.

Friday we got a super-spike without any huge supply constraints or disruptions.

I still think oil will hit $150 fairly soon...which is only another 8-9% move up. Then it will "crash" back down to around $100 or so where we will all sigh in relief that it is back down so much....and yet it'll still be at $100...but it'll seem cheap.

I remember the good 'ol days way back when oil was only $50 a barrel....ah yes...good ol 2005.
Appreciate 0
      06-08-2008, 10:41 PM   #58
galahad05
Colonel
galahad05's Avatar
27
Rep
2,555
Posts

 
Drives: '07 335i e90
Join Date: Mar 2008
Location: Long Island NY

iTrader: (0)

We were at $100/barrel just awhile back. I recall reading that this was causing a definite slowdown in the economy.

If this holds true, then the "stable" $100/barrel prices will slow down our economy, driving down demand as we fall into a fairly long-term recession. This will help drag down the Chinese economy, not to mention hit the already-shaky European economies...leading to a (hopefully mild) global recession.

Supply prices increase = demand curve decreasing = supply prices dropping.

Now the big debate is just where the two curves will intersect, long term.
Obviously I'm a proponent of under-$100...but it's all guesswork right now.
__________________
Always laugh when you can. It is cheap medicine
--Lord Byron
Appreciate 0
      06-08-2008, 10:57 PM   #59
NaTuReB0Y
Powered By 36DD
NaTuReB0Y's Avatar
United_States
121
Rep
7,381
Posts

 
Drives: 2006 E90
Join Date: Jul 2005
Location: Inland Empire

iTrader: (12)

Here are some numbers I got tonight for my E90..............

$4.62 x 16.18 gallons = $74.75

The most I ever paid for my E90..........

I remembered paying $48/tank a couple of years ago, and I thought it was outrageous...........

458.6 miles / 16.18 gallons = 28.3 mpg

Not bad.......since my wife is the only one who drives it..........

I would get about 23/24 mpg...........
__________________
2006 E90 330i Jet Black | 20" WORK VS-XX | FK452 | H&R Sport on Koni Yellow | REMUS QUAD
Appreciate 0
      06-08-2008, 11:45 PM   #60
galahad05
Colonel
galahad05's Avatar
27
Rep
2,555
Posts

 
Drives: '07 335i e90
Join Date: Mar 2008
Location: Long Island NY

iTrader: (0)

I basically always get 21 mpg average.
__________________
Always laugh when you can. It is cheap medicine
--Lord Byron
Appreciate 0
      06-09-2008, 09:03 AM   #61
Couch
Colonel
Couch's Avatar
41
Rep
2,903
Posts

 
Drives: E92 335i
Join Date: Jan 2007
Location: Houston

iTrader: (0)

Garage List
2007 E92 335i  [0.00]
Send a message via AIM to Couch
http://www.washingtonpost.com/wp-dyn...060403052.html
Appreciate 0
      06-09-2008, 09:18 AM   #62
ihyln
Banned
United_States
44
Rep
3,385
Posts

 
Drives: M3post sucks
Join Date: Apr 2008
Location: M3post sucks

iTrader: (1)

Garage List
2008 M3  [0.00]
2002 530i  [0.00]
Send a message via AIM to ihyln
Hopefully it gets so prohibitively expensive that the cops have to resort to bikes or 1-2active cars. Then we can really have some fun on the highway
Appreciate 0
      06-09-2008, 09:55 AM   #63
EHDEN
Brigadier General
EHDEN's Avatar
Lebanon
96
Rep
3,885
Posts

 
Drives: 435i
Join Date: Oct 2006
Location: Miami, FL

iTrader: (0)

Garage List
2014 BMW 435i  [0.00]
I wouldnt mind paying extra for gas if it means less people on the road =)
__________________
Appreciate 0
      06-09-2008, 10:04 AM   #64
bolinp78
G35 convertee
bolinp78's Avatar
25
Rep
1,007
Posts

 
Drives: 2008 335i (AW)
Join Date: May 2008
Location: .

iTrader: (1)

Quote:
Originally Posted by Kiemyster View Post
i think 6 is a reasonable guess. gas companies know all the teens gonna be driving, going wherever they want. families are taking road trips, rv's are being rented. ohh yeah. them fuckers love that time of year. bastards.
So grossly ignorant and uninformed..

It's misinformation and blind hate such as this that makes me fear for America's future, not the rising gas prices.
Appreciate 0
      06-09-2008, 02:54 PM   #65
Anygreg
Theres a storm coming
Anygreg's Avatar
United Kingdom
5
Rep
236
Posts

 
Drives: 335d
Join Date: May 2008
Location: Cheshire, UK

iTrader: (0)

Garage List
2007 335d  [0.00]
56 E92 330d  [0.00]
FYI UK Prices hit $2.66 per litre (£1.33)!! I repeat, per litre!
Appreciate 0
      06-09-2008, 03:02 PM   #66
ihyln
Banned
United_States
44
Rep
3,385
Posts

 
Drives: M3post sucks
Join Date: Apr 2008
Location: M3post sucks

iTrader: (1)

Garage List
2008 M3  [0.00]
2002 530i  [0.00]
Send a message via AIM to ihyln
Quote:
Originally Posted by Anygreg View Post
FYI UK Prices hit $2.66 per litre (£1.33)!! I repeat, per litre!
I'd trade if I didn't have to drive my car everywhere unlike you.
Appreciate 0
Post Reply

Bookmarks

Tags
$4.50, $5.00, $5.50, $6.00, $6.50+

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 06:21 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST