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Friend of Warren
Join Date: Oct 2000
Location: Lincoln, NE
Posts: 16,504
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$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?
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Kurt V No more Porsches, but a revolving number of motorcycles. |
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12-31-2010, 06:04 AM
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Dog-faced pony soldier
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Speculation as well.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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12-31-2010, 06:06 AM
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Monkey+Football
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Why is oil at $91 again? I stopped paying attention about a year ago.
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<Insert witty comment> 85 Targa Wong Chip Fabspeed M&K Bilsteins and a bunch of other stuff. |
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12-31-2010, 06:18 AM
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Somewhere in the Midwest
Join Date: Oct 2001
Location: In the barn!
Posts: 12,499
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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. |
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12-31-2010, 06:26 AM
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Monkey+Football
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So no significant geo-political or economic reason again?
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<Insert witty comment> 85 Targa Wong Chip Fabspeed M&K Bilsteins and a bunch of other stuff. |
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12-31-2010, 06:33 AM
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Dog-faced pony soldier
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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.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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12-31-2010, 06:35 AM
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Monkey+Football
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Gotccha. I wonder how many Enron boys made found a home in oil/gas... Any excuse, fabricated or real....
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<Insert witty comment> 85 Targa Wong Chip Fabspeed M&K Bilsteins and a bunch of other stuff. |
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12-31-2010, 06:39 AM
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It's already $4.35/US Gal. here if you do the conversion. $1.15/liter with the dollars at par.
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1979 911SC "Frankencab" Dave |
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12-31-2010, 06:51 AM
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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.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211 What? Uh . . . “he” and “him”? |
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12-31-2010, 06:53 AM
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Cogito Ergo Sum
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Premium was still under 3 in OK last I checked..... Hope we don't see 4 soon....
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12-31-2010, 07:25 AM
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Registered
Join Date: Nov 2004
Location: Charleston, SC
Posts: 2,357
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Filled yesterday at $2.86 for regular in San Antonio yesterday FWIW.
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'87 924S (Sold) |
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12-31-2010, 08:08 AM
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$2.91 for regular in NJ now and we can't pump it ourselves.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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12-31-2010, 08:13 AM
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,969
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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.
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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12-31-2010, 08:31 AM
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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.
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12-31-2010, 08:34 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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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!
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Copyright "Some Observer" Last edited by tabs; 12-31-2010 at 09:01 AM.. |
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12-31-2010, 08:37 AM
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Registered
Join Date: Jul 2010
Location: Houston
Posts: 824
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I bought oil stocks, hopefully that will off-set my gasoline expenses next year!
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DD summer/winter: 2000 Boxster S DD spring/fall: 914-6 w/ 3.0L SC Dual Webers (For Sale) http://imgur.com/a/k0Wtl - My 914-6 Build/Project Story |
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12-31-2010, 08:43 AM
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Registered
Join Date: Nov 2004
Location: Charleston, SC
Posts: 2,357
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Quote:
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'87 924S (Sold) |
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12-31-2010, 08:47 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Quote:
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Copyright "Some Observer" |
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12-31-2010, 09:03 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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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.
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Copyright "Some Observer" |
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12-31-2010, 09:10 AM
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Registered
Join Date: Jan 2005
Location: Minneapolis
Posts: 7,482
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Tabs, take it to PARF
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12-31-2010, 09:14 AM
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1975 Porsche 911S
2001 Porsche 911 Carrera
1987 Porsche 924S
1969 Porsche 912
1972 Porsche 911T
1979 Porsche 911SC
2007 Porsche Cayman
1989 Porsche 911 Carrera 3.2
1986 Porsche 944 2.5l
Only Porsche
Only bike
