Gas my hit $4 by year-end

Excerpt from Detroit
Wednesday, October 5, 2005

Gas may hit $4 by year-end

Energy studies center says there is 'no solution in sight,' blames
lack of refineries. Drivers expected to adapt.

By Alejandro Barbajosa / Bloomberg News

U.S. motorists will pay $4 on average for a gallon of regular
gasoline before the end of the year as hurricane-damaged refineries
stay shut and imports from Europe wane, said Luis Giusti of the
Center for Global Energy Studies.

Hurricanes Katrina and Rita idled as much as 29 percent of
U.S. refining capacity, cutting gasoline stockpiles to less
than 23 days of consumption, close to the all-time low in 2003.


http://tinyurl.com/cypeq

 

Guess I lucked in buying the Virago 250.

Sean

 

Can you say " Mission accomplished" ?
You can thank all the morons who voted for the shrub for the payoff to Exxon
et al.

--
Jim Stinnett
VTR1000
R1100RS
YZF R1
http://www.moto-rama.com

 

Look on the bright side: all of those Big-ass SUV drivers will go
bankrupt

 

Can't happen soon enough for me.

 

Well thanks to the Grand Oil Party that is no longer an option either!!!!
So what next?
Repeal the dam Bill of Rights?
Oh they did that , too.
Can you say "Patriot Act"?

--
Jim Stinnett
VTR1000
R1100RS
YZF R1
http://www.moto-rama.com

 

Awesome. Hopefully it will go even higher than that.

-Gniewko

 

Your opinion is at odds with reality. In 2004, 54.3 percent of all new
vehicles sold in the country were classified as "light trucks," as opposed
to passenger cars. Consider the fact that roughly half the country earns
less than $20,000/year and you'll see that your assertion is flawed.

 

Your analysis is flawed in that you assume that EVERYONE buys a car
every year. People in the lower income brackets seldom buy new cars,
they buy used or keep the old ones running. Frankly, they are a hell of
a lot smarter than those of us who run out and buy the latest offerings
at inflated prices, paying "additional dealer mark-ups" to assuage our egos.

--
PC Paul
89 PC800
77 R100RS

Trip pics at: http://photos.yahoo.com/paul1cart

"To educate a man in mind and not in morals is to educate a menace to
society" - Theodore Roosevelt

 

Last I checked, cars or SUVs don't get more fuel efficient as they get
older. And if there are studies showing that low income earners in the USA
have consciously sought out more fuel efficient vehicles I must have missed
them. I doubt highr fuel cost for cars is going to push people into
bankrupcy, but I think driving habits will change as the $4 barrier gets
hit. Still another $2 to go until we are up to European standards, though...

I should have bought oil stocks when Bush got into the White House, dammit.
It was very predictable.

....pablo

 

Who purchases used SUV's?

Light trucks now represent more than one-third of *all* vehicles on the
road.

 

And just in time for the new bankruptcy laws to make that really hurt....

 

You've got an implicit assumption that new vehicle purchases are
randomly distributed with respect to income levels. That hasn't been
true at least since Alfred P. Sloan discovered the used car market over
80 years ago.

Rich, Urban Biker

 

The price of operating a vehicle (which includes cost of fuel) in europe may
be comparable to what we have in the US, despite the fuel cost being nearly
double that of the US. The average new car being sold in France, for
example, gets approximately 46 mpg.

 

JB said

Nobody's going to go -bankrupt- because they can't buy gas for their
SUVs. At this point it's only an inconvenience. I know people who
are paying > $200/wk for gas but still are driving their big SUVs.

Over time it will become painful then more painful. At a certain
point people will taper off driving their SUVs. At a later point more
people will decide it's cheaper to buy a small used car to commute in,
and they'll save the SUV for Sunday family outings.

Prices of used SUVs will fall, and there will be some GREAT deals on
low-mileage Hummers (impress your neighbors! Great driveway jewelry!)
We might see an increase in the number of SUVs disappearing in
mysterious insurance-covered thefts and car fires.

The REAL problem with much-higher gas prices is that it will fuel (no
pun intended) another round of double-digit inflation. I suspect we
will all pay more in indirect costs than we do at the pump. THAT
could cause a wave of bankruptcies.

 

blazing laser (none) wrote:
:
: JB said
:
: >> Look on the bright side: all of those Big-ass SUV drivers will go
: >> bankrupt
:
:
: >And just in time for the new bankruptcy laws to make that really hurt....
:
: Nobody's going to go -bankrupt- because they can't buy gas for their
: SUVs. At this point it's only an inconvenience. I know people who
: are paying > $200/wk for gas but still are driving their big SUVs.
:
: Over time it will become painful then more painful. At a certain
: point people will taper off driving their SUVs. At a later point more
: people will decide it's cheaper to buy a small used car to commute in,
: and they'll save the SUV for Sunday family outings.
:
: Prices of used SUVs will fall, and there will be some GREAT deals on
: low-mileage Hummers (impress your neighbors! Great driveway jewelry!)
: We might see an increase in the number of SUVs disappearing in
: mysterious insurance-covered thefts and car fires.
:
: The REAL problem with much-higher gas prices is that it will fuel (no
: pun intended) another round of double-digit inflation. I suspect we
: will all pay more in indirect costs than we do at the pump. THAT
: could cause a wave of bankruptcies.



Sold my beloved '97 2door Tahoe Sport last month, while I could
get something for it. Do I regret it, not when I see $15 gives
me only 5 gallons.

http://tinyurl.com/cypeq

 

What's the upside of that if you're not part
of the bu$h regime's Oil Cartel?


-


http://www.google.com/search?hl=en&q=peak+oil&btnG=Google+Search

"You're doin' a heckuva job, Brownie!" - bu$h, a few days
before his FEMA chief, Micheal Brown was forced to resign
because of his gross incomptence.

"The tools that enable Cuba save lives and preserve
human dignity during hurricanes are socialist values
and organization." - Dr. W.T. Whitney Jr

Ever wonder who benefits from the 150 MILLION
U.S. taxpayer dollars spent each DAY in Iraq?
http://www.commondreams.org/views04/0223-08.htm
http://www.corpwatch.org/article.php?list=type&type=21

http://www.commondreams.org/
http://www.truthout.org/
http://www.prohibitioncosts.org/
http://thirdworldtraveler.com/
http://counterpunch.org/
http://responsiblewealth.org/

"They are waging a campaign of murder and destruction. And
there is no limit to the innocent lives they are willing to
take... men with blind hatred and armed with lethal weapons
who are capable of any atrocity... they respect no laws of
warfare or morality."
-bu$h describing his own illegal invasion of Iraq.
http://www.robert-fisk.com/iraqwarvictims_mar2003.htm

"Our lives begin to end the day we become silent about things
that matter." -- Martin Luther King Jr.

"God told me to strike at al Qaeda and I struck them. And then
he instructed me to strike at Saddam, which I did."
-- George W. Bush

"Hence today I believe that I am acting in accordance with the
will of the Almighty Creator: by defending myself against the
Jew, I am fighting for the work of the Lord."
-- Adolf Hitler

"To announce that there must be no criticism of the President,
or that we are to stand by the President, right or wrong, is
not only unpatriotic and servile, but is morally treasonable
to the American public."
-- Theodore Roosevelt (1918)

Don't let bu$h do to the United States what his very close
friend and top campaign contributor, Ken Lay, did to Enron...

 

Actually, many U.S. citizens are as ignorant about their
finances as they are about the polices of their government.
That's why bankruptcies, adjustable rate interest only
mortgages, and credit card debt are at record levels, and
we have incompetent draft dodging war criminals and corporate
thieves stealing our tax dollars and trashing the country.
HTH

-


http://www.google.com/search?hl=en&q=peak+oil&btnG=Google+Search

"You're doin' a heckuva job, Brownie!" - bu$h, a few days
before his FEMA chief, Micheal Brown was forced to resign
because of his gross incomptence.

"The tools that enable Cuba save lives and preserve
human dignity during hurricanes are socialist values
and organization." - Dr. W.T. Whitney Jr

Ever wonder who benefits from the 150 MILLION
U.S. taxpayer dollars spent each DAY in Iraq?
http://www.commondreams.org/views04/0223-08.htm
http://www.corpwatch.org/article.php?list=type&type=21

http://www.commondreams.org/
http://www.truthout.org/
http://www.prohibitioncosts.org/
http://thirdworldtraveler.com/
http://counterpunch.org/
http://responsiblewealth.org/

"They are waging a campaign of murder and destruction. And
there is no limit to the innocent lives they are willing to
take... men with blind hatred and armed with lethal weapons
who are capable of any atrocity... they respect no laws of
warfare or morality."
-bu$h describing his own illegal invasion of Iraq.
http://www.robert-fisk.com/iraqwarvictims_mar2003.htm

"Our lives begin to end the day we become silent about things
that matter." -- Martin Luther King Jr.

"God told me to strike at al Qaeda and I struck them. And then
he instructed me to strike at Saddam, which I did."
-- George W. Bush

"Hence today I believe that I am acting in accordance with the
will of the Almighty Creator: by defending myself against the
Jew, I am fighting for the work of the Lord."
-- Adolf Hitler

"To announce that there must be no criticism of the President,
or that we are to stand by the President, right or wrong, is
not only unpatriotic and servile, but is morally treasonable
to the American public."
-- Theodore Roosevelt (1918)

Don't let bu$h do to the United States what his very close
friend and top campaign contributor, Ken Lay, did to Enron...

 

Touche'

 

I would rather have seen prices go up because of taxes, then at least
some good could come of the money.

But higher gas prices are good for number of reasons. We have reason
to hope that traffic will ease. We'll use up remaining oil reserves
more slowly, allowing more time for alternatives to be developed. It
will help (a little, maybe not much) with greenhouse gasses and global
climate change. It will help with local air pollution.
Higher-mileage cars will be more in demand, and therefore more
available. We're already seeing a new generation of 2-wheeled devices
that are more focussed on transportation than recreation.