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(CBS Minnesota)   Will gas ever cost less than $3 per gallon again? Short answer: No. Long answer: Bwahhahahahhhahhaha... No   (minnesota.cbslocal.com) divider line 94
    More: Obvious, Patrick DeHaan, drive-in theater, emerging economies  
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3192 clicks; posted to Main » on 18 Sep 2013 at 7:20 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-09-18 05:38:29 AM  
Mega bargain of the year - congrats. Now stop rubbing our nose in it.
 
2013-09-18 07:22:13 AM  
Which wouldn't be too much of a problem if wages were at a reasonable level, instead of stagnating where they've been for a few decades.
 
2013-09-18 07:22:21 AM  
It cost about 2.50 here just a couple months ago - so I don't see why not.
 
2013-09-18 07:24:11 AM  
It is because of Bush and Cheney and their oil buddies.

At least, that was the logic in 2007.
 
2013-09-18 07:28:32 AM  

GORDON: It is because of Bush and Cheney and their oil buddies.

At least, that was the logic in 2007.


So, you want Obama to nationalize all the oil companies and being prices back down to where they were before Bush decided to launch one of the stupidest wars in history?

People will call you a socialist.
 
2013-09-18 07:30:32 AM  
Gas, grass or ass, because nothing is free.

/PSA.
 
2013-09-18 07:33:32 AM  
Bwahhahahahhhahhaha... No

...And that's a good thing. We have to stop using fossil fuels. Let the pump price go through the ceiling.

/it's a bird
//it's a plane
///no, it's the cost of gas
 
2013-09-18 07:35:00 AM  
Why are we entitled to cheap gas? I still see plenty of big trucks as commuter vehicles on the road, housewives with 7000 pound kid shuttles, and 500+ horsepower machines, so obviously its not crippling us.

My livelihood and primary source of entertainment rely on gasoline (I'm a vintage car dealer and collector) but I also realize that more expensive gas will be good for us as a nation in the long run.

In short, stop whining. $3.50/gallon is still cheaper than most of the civilized world.
 
2013-09-18 07:37:27 AM  

JerkStore: Why are we entitled to cheap gas? I still see plenty of big trucks as commuter vehicles on the road, housewives with 7000 pound kid shuttles, and 500+ horsepower machines, so obviously its not crippling us.

My livelihood and primary source of entertainment rely on gasoline (I'm a vintage car dealer and collector) but I also realize that more expensive gas will be good for us as a nation in the long run.

In short, stop whining. $3.50/gallon is still cheaper than most of the civilized world.


Oh so because you feel no one should own something you don't agree with, poor and lower middle class people should suffer?

That's cool.
 
2013-09-18 07:40:43 AM  
Dollar's worth less. Just keep printing.
 
2013-09-18 07:40:50 AM  
Just hold out until the next global economic collapse. Since the US deregulated, they seem to occur every 6 years or so, so you shouldn't need to wait more than a couple more years.
 
2013-09-18 07:42:58 AM  
Global warming is causing gas prices to expand.
 
2013-09-18 07:44:21 AM  
Fossil fuels in the last century reached their extreme prices because of their inherent utility: they pack a great deal of potential energy into an extremely efficient package. If we can but sidestep the 100 million year production process, we can corner this market once again.

CEO Nwabudike Morgan
 
2013-09-18 07:44:35 AM  
BP is my pusha man. I'm hooked. Gotta get me some sweet light crude nowah! I don't care what it costs no more.
 
2013-09-18 07:46:49 AM  
But by all means lets keep pining for and trying to re-create the economy of the 90's, it was so sustainable and good for everyone.
 
2013-09-18 07:48:50 AM  
Not sure it matters right now.   With a recession on,  people don't have the money to go a lot of places anyway.
 
2013-09-18 07:51:53 AM  
And that's before we give all the oil companies subsidies and tax breaks. Did ExxonMobil ever pay for the Valdez?
 
2013-09-18 07:53:01 AM  

JerkStore: Why are we entitled to cheap gas?


BECAUSE THIS IS THE UNITED STATES OF AMERICA, THAT'S WHY!!!
 
2013-09-18 07:54:21 AM  
This is actually good news. If the headlines say gas prices will soon jump, you can bet they will fall.
 
2013-09-18 07:56:36 AM  
Oil companies making record profits???........Pay no taxes???????.....fark over the environment????.......Ya trramps gettin' hosed at the pumps???........lol......Ameriturds....there ya go.......
 
2013-09-18 07:57:24 AM  
In before the f*cksticks saying we should be paying $7.00 a gallon
 
2013-09-18 08:03:29 AM  
They should electrify the roads so we all can drive giant slot cars for free.
 
2013-09-18 08:06:12 AM  
"I think a lot of that is been due to the rapid increase in the Chinese economy here in the last five or 10 years," DeHaan the ill informed commenter said.

India, India has cheap gasoline.  Do you know why?  Because their companies buy it at the well head instead of buying from a list of distributors and refiners and then more distributers, that's why.  AKA, Supply Chain Leeches.

But we could have another war using the organizations that use more fuel than ANY OTHER in TEH WORLD, the Armed Services of The United States of America.  That would certainly bring the price of fuel back down to stratospheric levels.  For true.  Look at the consumption of the USAF.  It staggers the mind.

Don't believe me?  Look to see the usage on an annual basis OR what the US paid Haliburton for fuel in Iraq -per tanker.

Paid $4.17 for mid-grade yesterday  .  .  .  just, as a point of conversation.
 
2013-09-18 08:06:52 AM  
But...I want my car to run on unicorn farts and egg roll oil.


Here are two things would help. Reduce the number of specialty blends of gas the refineries have to make. Open the keystone and get oil flowing.
 
2013-09-18 08:09:19 AM  

jayessell: They should electrify the roads so we all can drive giant slot cars for free.


^^^^ I like this idea^^^^
 
2013-09-18 08:11:29 AM  

GORDON: It is because of Bush and Cheney and their oil buddies.

At least, that was the logic in 2007.


I thought it was so some jerk can drive a Hummer?

i657.photobucket.com
 
2013-09-18 08:13:47 AM  
i.imgur.com
 
2013-09-18 08:15:35 AM  
upload.wikimedia.org

If you had elected me, you'd be paying $2 a gallon. I mean everywhere but except the Ghey Gulags (California, Manhattan).
Go ahead. Try and stare at my hint of cleavage. You'll be staring at my eyes again. Then I have your soul.
 
2013-09-18 08:20:55 AM  

LordJiro: Which wouldn't be too much of a problem if wages were at a reasonable level, instead of stagnating where they've been for a few decades.


Gas was just over $1 (actually $1.40) ~ten years ago.
 
2013-09-18 08:21:17 AM  
KeatingFive:So, you want Obama to nationalize all the oil companies and being prices back down to where they were before Bush decided to launch one of the stupidest wars in history?

direland.typepad.com
 
2013-09-18 08:23:23 AM  
Thanks Obama.
 
2013-09-18 08:23:56 AM  

Tat'dGreaser: JerkStore: Why are we entitled to cheap gas? I still see plenty of big trucks as commuter vehicles on the road, housewives with 7000 pound kid shuttles, and 500+ horsepower machines, so obviously its not crippling us.

My livelihood and primary source of entertainment rely on gasoline (I'm a vintage car dealer and collector) but I also realize that more expensive gas will be good for us as a nation in the long run.

In short, stop whining. $3.50/gallon is still cheaper than most of the civilized world.

Oh so because you feel no one should own something you don't agree with, poor and lower middle class people should suffer?

That's cool.


guncontrollogic.jpg
Not disagreeing, by the way, but it's amusing to see the exact same line of thinking in regard to a totally unrelated topic.
 
2013-09-18 08:24:25 AM  
upload.wikimedia.org
 
2013-09-18 08:25:11 AM  

WTFDYW: In before the f*cksticks saying we should be paying $7.00 a gallon


When you factor in external costs, $7 is probably a bargain.
 
2013-09-18 08:25:44 AM  
images.paraorkut.com
 
2013-09-18 08:28:41 AM  

Tat'dGreaser: Oh so because you feel no one should own something you don't agree with, poor and lower middle class people should suffer?


They suffer because they're dependent on a finite resource we've based our entire economy on and continue to waste in staggering amounts.  The sooner we get off it the better.  Oh, there are ways to make the suffering far less painful, but cheaper gas ain't it.  Faster extraction of a finite resource will only delay the inevitable at the expense of making it more of a shock than a gradual adjustment.
 
2013-09-18 08:32:57 AM  
So much for the promise several farkers said that Obama made to lower the price of gas
 
2013-09-18 08:38:03 AM  
I remember hearing the same thing in early 2008.
 
2013-09-18 08:44:31 AM  

Deep Contact: Dollar's worth less. Just keep printing.


We haven't been printing very much. Inflation's been quite low.
 
2013-09-18 08:45:42 AM  
That's not what Michelle Bachmann and Donald Trump told me!
 
2013-09-18 08:45:45 AM  

dragonchild: Tat'dGreaser: Oh so because you feel no one should own something you don't agree with, poor and lower middle class people should suffer?

They suffer because they're dependent on a finite resource we've based our entire economy on and continue to waste in staggering amounts.  The sooner we get off it the better.  Oh, there are ways to make the suffering far less painful, but cheaper gas ain't it.  Faster extraction of a finite resource will only delay the inevitable at the expense of making it more of a shock than a gradual adjustment.


Where is this magic carpet that will move us from place to place that you speak of? Until the tech is there and refined and affordable, oil and its by-products are what we are going to have to depend on for most of our transportation costs.
 
2013-09-18 08:47:08 AM  
currently ~$3.30 for regular near me.

what gets me is the increased difference in price between regular and premium.
It used to be that 93 octane was 20 cents more per gallon than 87. it was this amount different whether gas was $1.25/$1.45 or $3.25/$3.45

then, when prices started coming back down (before going back up), premium prices started getting further away from the base price. it's closer to $.50 more per gallon near me now. unless the additives have more than doubled in price, this is just price gouging.
 
2013-09-18 08:48:54 AM  

The_Original_Roxtar: currently ~$3.30 for regular near me.

what gets me is the increased difference in price between regular and premium.
It used to be that 93 octane was 20 cents more per gallon than 87. it was this amount different whether gas was $1.25/$1.45 or $3.25/$3.45

then, when prices started coming back down (before going back up), premium prices started getting further away from the base price. it's closer to $.50 more per gallon near me now. unless the additives have more than doubled in price, this is just price gouging.


Around here- 3.23, sometimes less. .10 cents per gallon less max at times. One advantage of a grocery store chain providing a discount per a certain amount of money spent.
 
2013-09-18 08:50:41 AM  

WTFDYW: Where is this magic carpet that will move us from place to place that you speak of?


It would involve a community-minded overhaul of our infrastructure, which requires both empathy and foresight, neither of which are abundant or even valued in American culture.

So yeah, it might as well be a flying carpet.
 
2013-09-18 08:51:45 AM  
The chief driver of the fact we're not going to see low prices again is that China is now a rapidly growing consumer rather than producer of oil. (India, too.) Their rapid increases in consumption is driving demand which will drive prices for the foreseeable future.

In addition, we're only paying as little as we are because oil prices are high enough that it became worth fracking - an expensive way to get oil, but the only way out of many deposits. If oil prices were to fall sufficiently, no one would bother fracking, which would cut supply, and cause the price to rise again. So really, there's a floor (last I heard it was $100 a barrel), beyond which we're simply not going to fall.

So between the two, it's going to stay expensive. (And you had better thank the stars fracking exists because otherwise the economy would have gone into a depression. It was a bad time to suffer both the housing crash and the oil shock at the same time.)
 
2013-09-18 08:52:30 AM  

WTFDYW: In before the f*cksticks saying we should be paying $7.00 a gallon


YOU should pay 70.00 a gallon you entitled twat.

Everyone else should pay normalized prices which may hit 7$/gallon.
 
2013-09-18 08:58:53 AM  

inclemency: WTFDYW: In before the f*cksticks saying we should be paying $7.00 a gallon

YOU should pay 70.00 a gallon you entitled twat.

Everyone else should pay normalized prices which may hit 7$/gallon.


You're so cute, calling me a twat and all. Just stay up there on my head and enjoy your over priced shiat. We'll take care of our shiat down here in the real world.
 
2013-09-18 09:24:00 AM  

WTFDYW: In before the f*cksticks saying we should be paying $7.00 a gallon


Too late, a couple of them already beat you here.

The problem is the current prices are hurting the economy in other ways. People that commute to work (and it's a lot more of us nowadays) spend more and more of our income on gas, which leaves less money for other things. Things like travel and tourism, where we would go to other places and spend some of that income and we don't do that as much anymore because it costs too much to drive and flying a family of four is too expensive most times. Things like buying things, where people would actually purchase goods and services from businesses and we do less of that since more of our income goes into a gas tank. Also, the costs of goods are increasing because those semi trucks stocking the stores don't fill themselves up with diesel.

And when you have wage stagnation like we have over the last 20 years, all those little increases here and there add up and whereas before you were making a decent amount of money, it's just getting harder to make ends meet the further we go along.

Wanting gas to go to $7.00 a gallon is not going to change people's feelings on gas. It will hurt everyone even more, especially those that can't afford to buy a more fuel-efficient vehicle or an electric one. Your lower income people are still going to buy an old, cheap used car that runs on gas and it's going to damage families with low income even more.

We aren't getting off oil. Doesn't mean we can't try and use less, but a huge spike in price isn't going to make that happen like magic.
 
2013-09-18 09:25:56 AM  
Cars today get 50 percent to 100 percent better mileage than they did 20 years ago, so effectively miles cost half what they did then. Adjust for inflation, and it's cheaper to drive now than when gas was under $2.

If you're driving some tank that gets crappy mileage, stop doing that. By 2026, small cars will be required to get 61 mpg, which they could do now just by cutting down on engine size and power (Geo Metro and Honda CRX HF got better than 50 mpg in the '80s).
 
2013-09-18 09:28:08 AM  
We had a chance at sub-$2.00 gas if only we'd elected Michele Bachmann, who made that a campaign promise. People laughed, but she could have done it. Hell, she probably could have gotten us below the dollar mark.

If you don't understand why I'm willing to admit this, as a liberal Democrat, you probably voted for her.
 
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