View Full Version : Oil Hits $60 per Barrell
ethics
06-24-2005, 03:22 PM
As of last night's close, oil is now over $60 a barrel. This continues a year long uptrend, on concerns there is no excess supply to buffer potential output disruptions.
http://tinyurl.com/b7ent
If you are wondering why the Dow tanked yesterday, now you know. Expect gas prices to be around 3 per gallon around November.
Biker
06-24-2005, 03:23 PM
Shit. Wages haven't even begun to match the extra costs of fuel. What do you want to bet they don't when fuel hits $3 bucks a gallon, too. **sigh**
Fiona
06-24-2005, 03:32 PM
Shit. Wages haven't even begun to match the extra costs of fuel. What do you want to bet they don't when fuel hits $3 bucks a gallon, too. **sigh**weird. I was talking about that last night too. I remember way back in the late 80's that it was not "monetarily beneficial" for me to go out and work for less than 8 dollars per hour, given the cost of "running the home" in my absence. Now, today, I'd say that number should be about $13.00 (and that's a pitifully low estimate) - $520 gross per week, (which means you bring home about 400. And I'm going to spend $45 on gas... :rolleyes:
Techie2000
06-24-2005, 03:34 PM
Thank god that by November I won't be driving a car, I guess...
tke711
06-24-2005, 03:35 PM
If you are wondering why the Dow tanked yesterday, now you know. Expect gas prices to be around 3 per gallon around November.
Which means automakers are going to continue to get hit by not selling nearly as many highly profitable trucks and SUV's.
My wife was going to get an SUV, but now with these gas prices she's looking back at the sedans again.
Fiona
06-24-2005, 03:36 PM
How long can you keep gas in a gascan :rofl: It's only 2.37 now...
only... heh :rolleyes:
Thank god that by November I won't be driving a car, I guess...
What? You think those coeds are going to get all gaga over the prospects of ending up on the backseat of your bicycle? ;)
jfcjrus
06-24-2005, 04:42 PM
How long can you keep gas in a gascan :rofl: It's only 2.37 now...
only... heh :rolleyes:
In my experience, about 3 months.
If you add 'Sta-Bil' (or some other brand stabilizer) to it (@2oz/5gal), it'll last about a year.
Hey, you asked! ;)
Regards,
Fiona
06-24-2005, 04:44 PM
Hey, you asked! ;)
Regards,and the reason I asked? although in jest... because someone HERE would actually know. :love:
I love you guys... (but you can't have my budlight! ;) )
Robert Harris
06-24-2005, 08:09 PM
Glaad I Got rid of my last car 10 years ago.
Lovehound
06-24-2005, 11:14 PM
Glaad I Got rid of my last car 10 years ago.I'm sure everybody appreciates that us Los Angelenos are imprisoned in our cars, can't participate without one. Not having a car in Los Angeles is equivalent to being dead...
How long can you keep gas in a gascan :rofl: It's only 2.37 now...
only... heh :rolleyes:
Funny.......I was thinkin the same thing......
http://www.chevron.com/products/prodserv/fuels/bulletin/longterm_gasoline/
My wife was going to get an SUV, but now with these gas prices she's looking back at the sedans again.
Toyota and Ford are both making SUV's in hybrids. :)
Robert Harris
06-25-2005, 11:29 AM
I'm sure everybody appreciates that us Los Angelenos are imprisoned in our cars, can't participate without one. Not having a car in Los Angeles is equivalent to being dead...
Serves you right for being foolish enough to live there.
tke711
06-25-2005, 02:46 PM
Toyota and Ford are both making SUV's in hybrids. :)
Ya, the wife looked at the Lexus RX330H. It's pretty nice but we both want to wait a while to see what the true costs of repairing these hybrids is.
Fiona
06-26-2005, 12:22 AM
It's only 2.37 now...
only... heh :rolleyes:$2.46 http://www.globalaffairs.org/forum/images/smilies/disappoint.gif