$4.00 gas by spring?
 

At least that is what I have heard on three different news stations this morning. Oil is up around $91.00 today. That doesn't support $4.00 gas. Refineries shutting down?

Speculation as well.

Why is oil at $91 again? I stopped paying attention about a year ago.

Speculation--->opportunist pricing by station owners---->people still buying----->a higher floor for gasoline after the fact.

I'm already paying $3.60 for premium for the BMW. Have too.

So no significant geo-political or economic reason again?

There is some underlying fear over supply restrictions resulting from overregulation, restrictions on drilling/refining, etc. but as with most things in the market, they are severely overstated and panicky investors are magnifying the problem considerably.

Gotccha. I wonder how many Enron boys made found a home in oil/gas... Any excuse, fabricated or real....

It's already $4.35/US Gal. here if you do the conversion. $1.15/liter with the dollars at par.

I have not been paying close attention. But AFAIK: oil in US storage is pretty high. Excess global oil supply is pretty normal. Consumption is improving w/ the global economy but not sharply/rapidly. AFAIK, the main driver of higher oil prices in the short term is financial investors/speculators in the commodities markets. I hope to dig into this a bit more.

Premium was still under 3 in OK last I checked..... Hope we don't see 4 soon....

Filled yesterday at $2.86 for regular in San Antonio yesterday FWIW.

$2.91 for regular in NJ now and we can't pump it ourselves.

Now you guys know why I switched to diesel a few years ago for my DD. Run it off of biodiesel that a friend of mine makes, its half price of gas these days.

At 45 mpg my wife doesn't care about gas prices. My Vanagon doesn't get that kind of mileage so I wince. Over $3 here for regular.

Everyone who posted an opinion here so far about why "the price is to dam high"for gasoline is completely off the mark. And I am feeling very charitable this morning....

Don't U get it......Havn't you ANY OF YOU been paying attention to THE MONETARY POLICY OF THE FED and its institution of QE2. Bernanke and his BOYZ are PRINTING 600 B USD and buying US T Bills with the NEWLY CREATED MONEY.

WHAT THIS MEANS FOR YOU AND EVERYONE IN AMERICA..is that you are going to be paying higher prices for EVERYTHING YOU CONSUME FROM NOW ON END...all the while home prices, wages etc all either decline or stagnate....and btw that is not my opinion but that of Rick Santelli of CNBC.

While the USD has even increased vs the Euro and other currencys this past year it is DOWN as benchmanrked against commodities...it will continue to slide in the coming years. THe US has embarked on a monetary policy of printing money as a solution for the deficit and debts being incured by not only the current adminsitration but previous adminsitrations. This is the same monetary policy of Weimar Germany where it took a TRILLION MARKS to mail a letter. Think it can't happen here in the USA, we are specail we are different, well let me clue ya it is happening here...and you can now see it at the gasoline pumps..and this is only the begining.

WELCOME TO FKING HE11 BOYZ..this is what YOUR govt has done for you lately!

I bought oil stocks, hopefully that will off-set my gasoline expenses next year!

Yeah my wife and I are the other way around, plus I'm on travel so much I think yesterday's fillup was about the first since October sometime. I'm hoping that after the move to Charleston is completed we'll be living somewhere close enough in so that her 960's mileage is no longer an issue.

Hmmm with the impact of $4.00 a gallon or higher gasoline on the economy will you or your wife still have a job to go to?

This past year the price of Gold has gone up 28% and the price of Silver has gone up 78%...vs the USD..

It is NOT a matter of the price of those metals going up, but rather the that the USD has gone DOWN IN VALUE.

Tabs, take it to PARF