Never thought I'd get to say this.....

[Speeddog]

I was nearly ecstatic this morning filling my gas tank for $3.99⁹/gal. 

[madmatt]

Ain't that the truth. Oil companies have a pretty good grasp on the consumer mind: Raise prices at an alarming rate. Then lower the price to a point still well above where it was. At which point we'll be so glad to not be paying $4.50 that we forget that $4.00 is still a buck more than it was a year ago. Booo.

Nonetheless, it's $4 a gallon is much less painful in the S4 than close to $5.

[erkishhorde]

Nyahaha! I've been getting under $4 for gas since last week! Go COSTCO! Cheapest gas in the LA, Irvine area! Plus I've been riding the bike as primary again. It's so nice to fill up and pay less than $50.  Driving the truck sucks....

[hyphen]

you've gotta be pretty broke to complain about filling a 3 gallon motorcycle tank.  i'm nowhere near wealthy and i don't mind (even though i know that just a couple years ago i'd be paying a fraction of the price).  whats the danage, 15 bucks tops?  now, if you were complaining about filling the tank of a tahoe or suburban it'd have more merit.

[Speeddog]

I was filling the tank on my Dakota.
Which takes about 19 gallons, twice a week.

[Bad Dog]

My Brother forks out about $10.00 for a Gallon of fuel for his car.....in Germany.

Guess that make all of us U.S. Gas Guzlin Edacious Citizens realize it just might be reality....

huh folks !?

Time to adjust.......

 

[lawbreaker]

..Haven't the oil companies posted RECORD profits? As told by the News.........

Not that its going to keep me from fulling up the Monster (my primary mode of transportation).

I dont care . I just dont like people trying to blow smoke up my arse..

With all the politics, lobbyists and so forth ( especially in the biggest car state on the planet- Cali) I'd prefer straight scoop...

I'm not saying panman is full of it . I'm just harpin on my soapbox......

[derby]

..Haven't the oil companies posted RECODR profits? As told by the News.........

yeah, but are those record profits being driven by increasing margins or are they simply a result of higher global demand? research points to the latter.

[darylbowden]

yeah, but are those record profits being driven by increasing margins or are they simply a result of higher global demand? research points to the latter.

Seems to me no one can solve that.  Some research says margins, some says global demand, some says speculation.  Unless there has been some new research published in the last couple days, no one thus far has been able to come to any agreed-upon conclusion. 

One thing's for sure though, we can kiss the days of sub->low 3 dollar gas goodbye.

Oh, and since my stock portfolio seems to gain big dollars every time the price of oil comes down, I'm praying for a return to the days of 80 dollar barrels of sweet crude.

[Privateer]

yeah, but are those record profits being driven by increasing margins or are they simply a result of higher global demand? research points to the latter.

actually recent reports are that non-user speculators are abandoning crude oil and strangely the price is dropping (even though commodity speculators said it wasn't their fault).  Yes, increased global demand will drive the price up, but the rate of usage was not consistent with the rate of the price increase.  With the flailing dollar, big money pension/investment pools scooped up crude futures to guard against inflation.  As the dollar has regained some lost ground and fear of the crude oil bubble bursting, speculators are dropping their contracts.

Reports are that it could very likely drop down to $80'ish per barrel.  Not necessarily a good thing as it is also linked to demand which is slowing in the US which may signal a broader economic slowdown that originally predicted.

But yeah, going from a $10 fill up to a $15 fill up on the bike was not a big deal.  Going from $25 to $50 on my car was a hit.  Who knows, this might've come at the right moment in our nation's history, when people and government will finally demand creative solutions to our energy usage challenges as well as our transportation inadequacies.

Andy