I just paid $85.05 for a tank of gas

[thresher]

the suxs. $3.159 a gallon. How many of you wish you lived on the beach now? :(

and for all you nay-sayers, I got a cheap house by the beach when they still existed (4 years ago) so don't go saying I can afford it. :)

[hapoo]

What do you drive that takes at least 27 gallons of gas? Maybe thats the problem

[InfiniteNothing]

Prices are high everywhere.

[clutchy]

I just paid 9.81 for my tank...:banghead: 2.97/gal here in southern california...

[DarkFury]

What do you drive that takes at least 27 gallons of gas? Maybe thats the problem
I would assume a Furd F-150...

The HEMI 1500 has a 28 gallon tank... and trust me... I wouldn't wanna drive it ANYWHERE where I had to go more than 50 miles a day. :eek:

[mechmike0034]

The Caddy's bad enough, but it really sucks to put $10 worth of gas in a motorcycle...

[Sirrich3]

And the prices will keep going up...

[Houdini]

And the prices will keep going up...

Yup, at least for a while. I see the bubble bursting for any number of reasons in the future, but right now it really, really sucks. The oil companies can blame it on decreased refining (like here in LA) and variable "formulations" that certain states (California, Illinois) etc require. But the fact that it's tripled in as many years seems REALLY fishy to me, especially since we occupy a huge damn oil field.

[Merlin]

....I see the bubble bursting for any number of reasons in the future,...
Why do you think this is a bubble?

[ray]

I must be the only person who doesn't mind gas prices. Yeah, it makes me rethink my budget and all, but I've been to Europe and Hong Kong where gas is nearly double what it costs here. The way I see it, things could be a helluva a lot worse.

[yippiekiyeh]

Why do you think this is a bubble?


There's a breaking point where people get fed up on paying crazy prices, then they begin to look for alternatives, then there will be a larger supply and less demand. Less demand, prices go down. Supply and demand, supply and demand.

[DarkFury]

There's a breaking point where people get fed up on paying crazy prices, then they begin to look for alternatives, then there will be a larger supply and less demand. Less demand, prices go down. Supply and demand, supply and demand.
Honestly, gas is one of those few commodities that completely ignores the supply and demand model.

Gas is just about always in demand regardless of supply... hence regardless how high it goes, we will still buy.

It would have to be WAAAAAAY up there for the laws of supply and demand kick in for most folks. Look at what happened in the mid 70s when we had the oil embargo... folks waited in extremely long lines to get half a tank of gas on even / odd days (mandated by the government back then).

Hopefully we won't have to see the limits of supply and demand on gas... but honestly, right now, the refining companies know that they got us by the "short and curlies" here and they are still rakin' in extensive profits while we suffer. That's the rub here... they profit from our pain and pretty much and I'm sure that they know just how far to push us to continue that trend and not lose folks as customers (as if most Americans had good alternatives to burning gas in their personal vehicles.)

[Daedalus]

We say the supply/demand laws still apply just fine, but that the demand for gasoline is extremely inelastic, meaning the demand curve is close to vertical. An X% rise in prices results in just a fraction of X% drop in demand. The oil companies are making a LOT, but I'm not blaming them. The market sets the price. I'm not convinced they're intentionally limiting output. Doesn't help that oil is traded in US$, which has weakened quite a bit in the past few years. Most other countries have not seen the same % hike in gas prices that we have, except maybe in increased taxes.
I doubt we will ever see an oil surplus again. If not, prices will not show a long-term drop until alternatives become viable and cause an actual shift of the demand curve; until they we'll just be moving along the current curve. We are not going to run out of energy in our lifetimes; we'll just be paying more for it while trying to limit our needs' impact on the environment.

[cheapie]

I must be the only person who doesn't mind gas prices. Yeah, it makes me rethink my budget and all, but I've been to Europe and Hong Kong where gas is nearly double what it costs here. The way I see it, things could be a helluva a lot worse.


but they only have to go the length of a football field to be in another country.

[thresher]

Yep - DF, I have a Ford F150 (that I adore almost as much as you love dat Hemi!:)) but it's my company van (Chevy) that I filled up. My Ford is a 22 gallon tank and fortunately I don't have to drive it during the weekdays. It's my weekend truck. :D

[kgsilvas]

Yikes! I thought $2.80 at Costco was criminal! Guess it was a good deal.

[Chgoman]

I was filling up yesterday and overhead the lady infront of me talking to her friend. She was gassing up her Excursion and said 'the pump will shut off when I hit $100, that should give me somewhere around 2/3 of a tank'.

These are the times that I love my Prius (although I don't see much of it anymore since my wife steals it everyday to go to work since the ability to drive in the carpool lane by herself saves her 15-20 minutes a day).

[surfer]

I was filling up yesterday and overhead the lady infront of me talking to her friend. She was gassing up her Excursion and said 'the pump will shut off when I hit $100, that should give me somewhere around 2/3 of a tank'.

These are the times that I love my Prius (although I don't see much of it anymore since my wife steals it everyday to go to work since the ability to drive in the carpool lane by herself saves her 15-20 minutes a day).


Mmm... Carpool lane. Still waiting for the stickers for my Civic Hybrid.