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Oil crisis is only going to get worse!

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Oil crisis is only going to get worse!

Postby Neil » 5/6/2008, 3:02 pm

By now most of you have heard that oil has reached an all time high at over 120 USD per barrel. People on CNN were saying that the price could (possibly) reach over 200 USD per barrel within the next two years. The average price per gallon could also be up to 3.75 per gallon for us by the end of this week.

So with the price per barrel possibly continuing to rise; the price could possibly reach 6.00 per gallon in the U.S. within the next two years.

SIX DOLLARS!? WTF! Discuss.
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Postby myownsatellite » 5/6/2008, 3:32 pm

Our gas is already at $3.75-$3.85.

Hopefully once I've paid off my car I'll be able to afford a fuel-efficient hybrid or electric car so I won't have to worry about the rising oil prices. I wish the government would just put a cap on the prices already and be done with it. It's ridiculous.
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Postby Johnny » 5/6/2008, 4:58 pm

I blame China
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Postby Dr. Hobo » 5/6/2008, 11:32 pm

myownsatellite wrote:Our gas is already at $3.75-$3.85.

Hopefully once I've paid off my car I'll be able to afford a fuel-efficient hybrid or electric car so I won't have to worry about the rising oil prices. I wish the government would just put a cap on the prices already and be done with it. It's ridiculous.


but how would they fund their trillion dollar wars? :)
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Postby laurel » 5/6/2008, 11:41 pm

...i would love to see 96 cents per litre. haven't seen that for...wow...years up here. right now, we're at $1.279 per litre...sooo....$5.12 a gallon, roughly.
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Postby laurel » 5/6/2008, 11:44 pm

oh wait, my bad. apparently gas went up in the past few hours.

we're up at $1.319 a litre now. $5.28 a gallon! woo!
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Postby Dr. Hobo » 5/7/2008, 12:29 am

its bad in england too :nod:
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Postby Lando » 5/7/2008, 7:26 am

myownsatellite wrote:Our gas is already at $3.75-$3.85.



Holy shit! SUPER CHEAP! I'm moving to the USA!
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Postby Soozy » 5/7/2008, 11:18 am

$8.20/gallon is about average over here at the moment.

I remember when it was sixty-something pence per litre and now it's anywhere from £1.08 - £1.13. It doesn't seem that long ago that they were having to change all the signs to make room for the extra digit.

:(
Last edited by Soozy on 5/8/2008, 1:29 pm, edited 1 time in total.
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Postby Neil » 5/8/2008, 1:07 pm

Soozy wrote:$8.20/gallon is about average over here at the moment.

I remember when it was sixty-something pence per litre and now it's anywhere from £1.08 - £1.13. It doesn't seem that long ago that they were having to change all the signs to make room for the extra digit.

:(


You were the one person that I wanted to ask about the current price because I had a feeling it would be insane. How do you afford such a price? Is the minimum wage higher there than in the states?

I also was not aware that the price is so high in Canada. That's insane.

Meg, that doesn't surprise me the least that NY is already that high. They are always floating around the peak of the national average. Actually, I think NY is currently higher than the national average.

I really do not know what I will do. I'm already sick of killing my car because the gas tank is always floating around "E." I can't imagine the amount of crap thats floating around in there. I'm getting a fuel injection cleaning done when I get my paycheck next week. Though I will probably have to do it all over again in a few months or something.
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Postby Johnny » 5/8/2008, 1:16 pm

I remember the days when gas cost 42 cents a litre.
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Postby Johnny » 5/8/2008, 1:18 pm

Johnny wrote:I remember the days when gas cost 42 cents a litre and $20 could fill your tank up right from empty
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Postby Johnny » 5/8/2008, 1:19 pm

What a weird series of posts!



This is due to the fact that I am in constant battle with Niko!@
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Postby Soozy » 5/8/2008, 1:44 pm

Neo wrote:
Soozy wrote:$8.20/gallon is about average over here at the moment.

I remember when it was sixty-something pence per litre and now it's anywhere from £1.08 - £1.13. It doesn't seem that long ago that they were having to change all the signs to make room for the extra digit.

:(


You were the one person that I wanted to ask about the current price because I had a feeling it would be insane. How do you afford such a price? Is the minimum wage higher there than in the states?


The average salary here is about £23,000 which is $45,000 US. Minimum wage is £5.52 if you're 22 or over and that's $10.78 US.

A quick google seems to show that the average salary is not that much higher here, but the minimum wage is about double.

How I afford it is that I make a lot more than the average and I don't drive very much. I generally only fill up once a month and with a 50 litre tank that'll be about £45 at my cheapest local petrol station given I never let it get too low. For some reason where I live has some of the cheapest petrol prices that I've seen so that helps too.

What's going to be more of a problem is how it affects the prices of everything else. I can already see food prices going up (though that's not all fuel related) and I saw a haulage company owner last week on tv saying that his monthly fuel bills had gone up 30k in the last 6 months - and those costs will inevitably result in prices of everything going up.

PS I love how I can make errors in posts and then people quote those errors but then I can fix it all so that no-one ever knows :D
Open your eyes to nights and days, you close them up and float away
and somehow inbetween you've got to master lying to yourself
you back the cause, get out of school, you get a job, the job gets you
and somehow every day you end up serving somebody else
now if that ain't panic that you're feeling, then you damn well better start
you can drive it into that head of yours with the hammer in your heart.


And it's alriiiiiiiight now, take the world and make it yours again.
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Postby Neil » 5/9/2008, 11:23 am

It's only because Laurel obviously isn't fishing around in this thread. haha!

Interesting figures Sooz. Personally I wondered if the minimum wage would need to see a sharp increase here to support such a rise in gas prices. The U.S. relies too heavily on gas. Primarily as a source of transportation of course.

I cringe when I think back to the first time I filled my gas tank after getting my driver's license. It was 98 CENTS a gallon. I'll never forget that.
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Postby Random Name » 5/9/2008, 11:31 am

What I really hate is that there is some bizarre gas conspiracy in this province. Literally every single gas station offers the exact same price across the province. There is no competition. If one changes every other place in town is changed within minutes. There are no like, smaller company gas stations with lower competitive prices, or higher ones. Everywhere is the exact same.

There is now a provincial regulation board that oversees the oil industry and sets the maximum selling standard every like two weeks or something. I'm really uninformed on the specifics, but it doesn't seem to be helping much.
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Postby Johnny » 5/9/2008, 3:08 pm

My local gas station is price gouging.


Thankfully neither I nor my family buys fuel from those greedy twats.
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