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      05-04-2008, 06:28 AM   #23
northpole
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just filled up my X5.. cost me close to 100. yikes..
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      05-04-2008, 07:34 AM   #24
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SORRY. What I said earlier doesn't suggest this isn't out of control. Now if your income was $200k a year then its a diff story.:iono:
I know... just a price tag!
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      05-04-2008, 08:32 PM   #25
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I am the biggest eco freak around but if drilling in Alaska was a sure fire shot of getting oil to come down..

I would be the first one to pump!!!!
Bush's Dept. of Energy folks estimate that drilling Anwar will drop the price of gas at the pump by about 1 penny. And it will take about 10 years for this to take effect.

So if your goal is to reduce the price of oil from $3.49 to $3.48 a gallon in the year 2018, then drilling Anwar is the answer to your dreams.

With that said, there are ways to drill Anwar that will minimize it's impact to just a very, very tiny fraction of a percent of the entire refuge. Under those conditions, up to 88% of the oil under Anwar can be extracted. I don't have any problem with tightly controlled drilling that is limited to just .005% of the Anwar wildlife refuge being impacted.

But the answer to lowering the price of gas is not Anwar.
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      05-05-2008, 07:57 AM   #26
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It isn't JUST ANWAR where we need to drill people.

The environmentalists and the Dems need to let AMERICANS produce and refine AMERICAN oil.

This includes ANWAR, the shelf off Florida, the sands and fields in North Dakota, Wyoming, and Utah.

We still would need oil from off shore, but we can ramp up and make a huge dent in what we buy from elsewhere.

And as far as the 10 year number that the Dems are throwing around...

Well if we would have started this process 10 years ago, which we could have, ANWAR and other oil and refineries would have been online RIGHT NOW. Thus lowering the prices we currently are experiencing.

FYI the pollution argument is pretty much moot. The current Alaska pipeline has a a great (not perfect I know) safety/pollution record and so have the rigs in the Gulf of Mexico.

With China and India using hundreds of thousands more cars now the demand side of this issue is not going away. The supply side is the only place to go.

We can drill and refine far more safely than ever, and we need to do it NOW.
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      05-05-2008, 08:21 AM   #27
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JB,

there is a finite amount of oil, so why not just look to the future for renewable souse... Or would you rather start doing that after ALL of the oil has run out.
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      05-05-2008, 08:57 PM   #28
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JB,

there is a finite amount of oil, so why not just look to the future for renewable souse... Or would you rather start doing that after ALL of the oil has run out.
That's why I'd like to see gas at $5/gal for awhile. IF gas is cheap there isn't as much financial incentive for companies to develop new technology such as hybrids, etc.
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      05-05-2008, 09:06 PM   #29
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That's why I'd like to see gas at $5/gal for awhile. IF gas is cheap there isn't as much financial incentive for companies to develop new technology such as hybrids, etc.
I agree, we need gas to stay at $5/gal. then people will MAYBE start doing something about this problem. And people who think they are cool driving around Navigators with 24" wheels will think twice now. If people just went back to cars the savings would be huge. Where I live trucks and sport utilitys were starting to take over the streets. I have noticed a change back to cars lately. Even cars that get bad MPG get way better then any truck. My 04 Tundra crew cab Limited TRD 4x4 with its 4.10:1 axel got 12.5 MPG on its best day. In the winter if I warmed it up while scraping the ice off, I averaged 8 MPG. Its LONG gone. No more trucks for me.
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      05-05-2008, 09:14 PM   #30
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You'll never see me in a Prius. I get 23 mpg everyday in my 325.
If I get around 20 in my 135i I'll be happy.
We are around $3.89 for premium here now.
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      05-05-2008, 10:25 PM   #31
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With the 135 Ill actually save money on gas.
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      05-06-2008, 11:25 AM   #32
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[quote=ZSCORE;129561]Is anyone concerned about purchasing the 135i with the continually rising gas prices..
quote]
the more significant question, to me, is: who would be willing to drive a more efficient vehicle even if gas were free?
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      05-06-2008, 05:00 PM   #33
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With the price of gas rising to around $4.00 a gallon here in the Silicon Valley. It's starting to scare me. I can't believe I am putting around $20-30 a week in my tank. It's just a bloody Honda Accord!
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      05-06-2008, 05:19 PM   #34
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With the price of gas rising to around $4.00 a gallon here in the Silicon Valley. It's starting to scare me. I can't believe I am putting around $20-30 a week in my tank. It's just a bloody Honda Accord!
WOW, your lucky. Many people I work with drive 30-50 miles to work and spend $100 a week.

I paid $3.96 for Shell premium today. But I only spend $20 a week, chump change.
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      05-07-2008, 10:44 AM   #35
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Gas is now in line with all the other prices. I did a big breakdown of many things from 25 years ago and gas is finally in line with all other inflation. Get use to it.......
Are you kidding?

Most other countries that are paying high $$ for gas get nationwide health care for free. We are getting gouged if the Oil companies are posting record profits.

Not me, I'm not getting use to anything.
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      05-07-2008, 10:56 AM   #36
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+1
+2. Cost me just over $100 to fill up the tank in Europe (course that was with the horrible exchange rate factored in)
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      05-07-2008, 10:57 AM   #37
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My speculation on the situation:

The current price of oil represents a bubble on the verge of bursting. The decline of the $$$ has sent everyone running for a safe haven, and oil is what a lot of them picked. As soon as the Fed stops lowering interest rates and the dollar stabilizes for a few months, you'll see people jumping out of oil and the prices will come down.

Oil is certainly going to increase over the long haul, but the fundementals just don't support the current price run-up that we've been seeing.

The US consumer is certaily feeling the pinch at the pumps and everyone involved knows that shutting down the US consumer isn't good for the world economy, and especially oil.

To sum up my position, I think over the next 6 months we'll see national average fuel prices pull back to around $3/gal and then follow a more subdued climb after that. Of course all that is assuming no major political or environmental events.
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      05-07-2008, 10:58 AM   #38
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Quote:
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Are you kidding?

Most other countries that are paying high $$ for gas get nationwide health care for free. We are getting gouged if the Oil companies are posting record profits.

Not me, I'm not getting use to anything.
Agree. Don't forget about the highly developed mass transit systems in other countries. They are way ahead of even the US cities with the best systems.
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      05-07-2008, 11:00 AM   #39
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Unfortunately, until the dollar begins to appreciate against other currencies again, the price of gas won't go down.
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      05-07-2008, 12:25 PM   #40
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Quote:
Originally Posted by jeremyc74 View Post
My speculation on the situation:

The current price of oil represents a bubble on the verge of bursting. The decline of the $$$ has sent everyone running for a safe haven, and oil is what a lot of them picked. As soon as the Fed stops lowering interest rates and the dollar stabilizes for a few months, you'll see people jumping out of oil and the prices will come down.

Oil is certainly going to increase over the long haul, but the fundamentals just don't support the current price run-up that we've been seeing.

The US consumer is certaily feeling the pinch at the pumps and everyone involved knows that shutting down the US consumer isn't good for the world economy, and especially oil.

To sum up my position, I think over the next 6 months we'll see national average fuel prices pull back to around $3/gal and then follow a more subdued climb after that. Of course all that is assuming no major political or environmental events.
I think Dodge/Chrysler/Jeep shares your outlook. It looks like they are betting on gas prices going back down to $2.99/gallon too.
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      05-07-2008, 01:34 PM   #41
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FWIW, I've heard the same thing regarding oil being a current 'safe' hedge along with metals. The money has shifted from stocks to commodities and it'll shift back again. Seems to be like that - my problem is I always buy-in at the wrong end of the shift. The family crest has the following motto, "Buy high, sell low!". ; -)
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      05-07-2008, 09:25 PM   #42
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I think Dodge/Chrysler/Jeep shares your outlook. It looks like they are betting on gas prices going back down to $2.99/gallon too.

You may be right, but I think that's certainly a mistake. Consumers won't likely forget the beating they're taking right now, and the march toward smaller more fuel efficient vehicles is on, and it's not likely to turn around. Any automaker that doesn't have some fuel efficient vehicles in the works won't be seeing any investment from me!
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      05-07-2008, 09:34 PM   #43
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And just to let everyone know! Anyone remember about 2 months ago when gas prices dipped massively? I am proud to say for 1 day I paid $2.99 for 12 gallons of regular unleaded. That made my day! Guess what? A day later it was $3.18.
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      05-09-2008, 03:55 PM   #44
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Extra cost/gal: $0.20
Around here it's $0.30 for Premium over 87 Octane.
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