Gas Prices Choking Californians
03-14-2011 | 12:57 PM
#1
Thread Starter
Senior Member
Joined: 08-27-2006
Posts: 2,566
From: Anaheim, CA
Gas Prices Choking Californians
Yeah, I saw it on the news this morning and threw up in my mouth a little 
.
Why is it going up again, and how could it go up 50 cents in a week? Is it the unrest in Libya, or something else? Opinions welcome.
But I know gas prices are going up around the country, and what I really wanted to know is, do you think this will affect any of your HHR events, or road trips?
My husband commutes 45 miles twice a day (1hr+ on the road each way most days) taking the mileage hit on his Magnum, while Mitzi sits pretty in the garage. On the weekend, though, she comes out and becomes our "heavy hauler" because of the wonderful trunk access. I know that gas prices will affect us in that we won't be planning that "road trip vacation" I am dreaming of.
.Why is it going up again, and how could it go up 50 cents in a week? Is it the unrest in Libya, or something else? Opinions welcome.
But I know gas prices are going up around the country, and what I really wanted to know is, do you think this will affect any of your HHR events, or road trips?
My husband commutes 45 miles twice a day (1hr+ on the road each way most days) taking the mileage hit on his Magnum, while Mitzi sits pretty in the garage. On the weekend, though, she comes out and becomes our "heavy hauler" because of the wonderful trunk access. I know that gas prices will affect us in that we won't be planning that "road trip vacation" I am dreaming of.
03-14-2011 | 01:03 PM
#2
Senior Member
Joined: 07-05-2008
Posts: 5,464
From: Akron Ohio
No opinion the cause is the unrest in Saudia Arabia. They control 10% of the oil and have a large effect on the market. They are supressing the uprest so far but if it gets out of hand you have not seen the last of the increase.
The next big issue is the supply on hand and the increase of demand by China. the next 4-5 years could be telling if our goverment does not work to help increase production. China needs or and will out spend up if needed.
The next big issue is the supply on hand and the increase of demand by China. the next 4-5 years could be telling if our goverment does not work to help increase production. China needs or and will out spend up if needed.
03-14-2011 | 01:09 PM
#3
Senior Member
Joined: 04-21-2007
Posts: 472
From: Janesville, Wisconsin
Yeah, I saw it on the news this morning and threw up in my mouth a little .
Why is it going up again, and how could it go up 50 cents in a week? Is it the unrest in Libya, or something else? Opinions welcome.
But I know gas prices are going up around the country, and what I really wanted to know is, do you think this will affect any of your HHR events, or road trips?
My husband commutes 45 miles twice a day (1hr+ on the road each way most days) taking the mileage hit on his Magnum, while Mitzi sits pretty in the garage. On the weekend, though, she comes out and becomes our "heavy hauler" because of the wonderful trunk access. I know that gas prices will affect us in that we won't be planning that "road trip vacation" I am dreaming of.
.Why is it going up again, and how could it go up 50 cents in a week? Is it the unrest in Libya, or something else? Opinions welcome.
But I know gas prices are going up around the country, and what I really wanted to know is, do you think this will affect any of your HHR events, or road trips?
My husband commutes 45 miles twice a day (1hr+ on the road each way most days) taking the mileage hit on his Magnum, while Mitzi sits pretty in the garage. On the weekend, though, she comes out and becomes our "heavy hauler" because of the wonderful trunk access. I know that gas prices will affect us in that we won't be planning that "road trip vacation" I am dreaming of.
03-15-2011 | 11:49 AM
#9
Senior Member
Joined: 04-07-2008
Posts: 1,051
From: Wisconsin
And that's really what it comes down to. The speculators use every event to force prices up. The joke of the matter is that several OPEC countries have vowed to make up for any production losses caused by Lybia's issues. So prices really should not be going up. More over, with the Japan pretty much at a stand still and the record stocks of oil sitting on docks, the price per barrel has dropped nearly $10 in the past few days.
