You are only seeing the beginning. If the demand continue to increase while the offer remain the same, the price will continue to go up. But the offer will probably not remain the same, if we reach "peak oil", the production will begin to drop every year. So, we better find something else than petrol quickly to propel those big Hummer and those Ford F150.
Gasoline / Petroleum breaks the £1 / Litre barrier
by LittleToe 22 Replies latest jw experiences
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greendawn
Someone is making a lot of money out of petrol given the current prices of crude oil, it's so easy to make hundreds of millions more by putting up crude oil prices so much. Doesn't any one have a car running on electricity and in Brazil I think they use alcohol as fuel.
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thom
I'm with JH (small Japanese car), I love my Corolla. The changes in gas prices have cost me only a few more dollars per month than it used to. The only time I really notice is my drives to Wisconsin, where it costs me about US$200 round trip (3,600 miles).
I love to drive. -
mtbatoon
You are getting SCREWED but not by the price of gas.Look into how much of that is taxes that are imposed on you by the govt.
We are told up font this is a way to get us to reduce our use of cars. Problem is it's a TAX on the poor and has encouraged gas gusseling 4X4's as status symbols.
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LittleToe
I drive a Turbo Diesel car and get 50mpg, with little loss in efficiency. The bike does better still, and avoids circling the town for a parking space.
A full fill-up would cost me around $100 but usually last 2 - 4 weeks, with the amount I drive. Alternatively it would get me to Glasgow and back.
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Simon
We have a diesel too, you easily get 50-60 MPG which makes a big difference to your pocket.
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Simon
BTW: I still think petroleum is artificially 'cheap'. Compare all the production, transport and refinery costs to other liquid products such as coke and heck, even bottled water.
It still seems quite 'cheap' for what is involved in getting it.
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sonnyboy
Can anyone explain exactly why gasoline prices skyrocketed after we captured Saddam?
If anything I thought they'd go down. Is this happening to pay for the war?
I need to watch the news more often.
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AK - Jeff
The world is too oil dependant, isn't it? I don't know how it could be changed, but with the situation the way it is - the Rich get Richer and Poor get Poorer. In earlier days of mankind power came from owning the land [which meant you owned the serfs too], today it comes from controlling commodities that fuel our dependent lives.
Vicious circle.
Jeff
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tetrapod.sapien
it's the end of the world as we know it...
(well, the end of a way of thinking, at any rate).
TS