We're not running out, why is it so high

[Hawkeye]

Gasoline is getting its rediculous marks today over in the great state of Arizona. I'm seeing gas prices reaching as high as $3.30 a galon and nothing is being said about other than, "Hey look at this, gas is going up." But I want to know why. Gas isnt being depleted, yet the prices are going through the roofs. It seems too illogical to claim the source of this problem being on greed, but I'm not denying the fact that it could. Perhaps it has to do with Katrina, who the hell knows, because I sure as hell dont. I was even hearing in a conversation that on the east coast (people who live on the east coast, correct me if I'm wrong) are getting it worse than we are ($3.30 is us).

Im in a daze; I have to now set a budget of gasoline, not to mention my highschool education, meaning I cant sustain a full time job on this. This is serious bullocks!

Nevertheless, with the combination of these gas prices and Katrina, could I be wrong into sensing a inflation and the next recession in the future?

[Jebus]

I heard it was because Katrina took out a bunch of our crude refineries, so we can't produce as much as we used to.

[XxSephirothxX]

What Jebus said. Also, in my state, people rushed to the pumps, thinking we'd run out; this led to price gouging and more of a shortage than we would have had if everyone had simply gotten gas at a normal pace.

[bipper]

It sucks, boycott it.

There is still no good reason for the price hike. I heard a geezer saying he wanted to whip up on Arabs while I was at the Chiropractor today. I nearly hit the floor laughing. It's so biased and untrue.

I think there is a lot more to this gasoline habbit of ours than meets the eye though; and I really hope we get a different form of energy fast. Another great lapsing point of old G.W.B.

I hope Bush will continue tapping more reserves and get quick about it. If we have so much gas in the states (enough for 30 years at the rate we go (growth rate included)). Why don't we tap it and work on new energy costs? I know there are issues with nature and stuff, but I am sure if we stay cautious, those issues will be a mute point.

Bipper

Bipper

[Channing]

I doubt we've reached the peak in oil right yet. The prices were amped because of the war in Iraq. Though the demolition of oil refineries and bay's from Louisiana were quite a blow. Louisiana both imports and produces oil. Mainly the importing destroyed. The amount of oil right at this very moment that was taken by the waters and now is leaking. That would definitely be responsible for such a sudden jump. I highly doubt the war in Iraq could make prices go from 2.79 to 3.49+ seeing that kind of rise would be a slow increase.

So I definitely agree Katrina was responsible for this high rize.

One thing we need to start doing is improving natural gas (ethanol) use without the assistance of gasoline. Most gasoline is mixed with 10% of ethanol. Some busses use 85% ethanol and 15% gasoline. Seeing ethanol is a fermentated byproduct. If we could improve this strictly to fuel machinery and vehicles it's renewable. So hopefully before peak oil reaches it's march we can find a different method for operating vehicles. x.x

[bipper]

Ethanol could not handle such a drastic increase. Ethanol runs hotter than gasoline, and some older cars can no longer run it.

Ethanol would also make corn and other biomass worth more, increasing demand too fast would cause industry farms to aggressivley grow in size. The family farm already has enough dangers in loosing thier buisness, but by pumping up the cost of corn, the money would attract some deviants to the industry. This would also make the lust (and cost) for land go up, taxes would go up as the farmers sought to extpand thier farms to fuel the new need. Plus food prices would go up.

Corn ethanol research is funded farmers are a powerful lobby, not because it makes sense to grow corn for energy.


bipper

[blackline77]

you guys think 3.50 is alot down here in texas its gotten up to 6.07$ a gallon i swear.
its crazy.

[eestlinc]

the reason gas prices keep going higher is not because we've run out of gas, but because the global demand has met the level of global supply, and regardless of how much oil is left, there is a limit to the amount of oil the world can produce in a year. It takes years to build new oil producing resources, and thus it's not possible to quickly increase supply. Demand keeps growing around the world as countries like India and China continue to use more and more oil. There's really nothing we can do except reduce our demand, and the only real ways to do that are to find alternate energy sources, drive a lot less, or use more fuel efficient vehicles. As long as supply and demand are so tight, any disruptions in supply at all, for example refineries beign shut down due to hurricanes, are going to cause prices to spike. We better get used to it.

[edczxcvbnm]

TAKE THAT TEXAS!

To make my post have more of a point...I hate Texasdoesn't it take a lot of corn to make ethonal and isn't it not as

Effiecnt
Cost effective
BLAH BLAH BLAH REASON!

[bipper]

Heh, yeah old dead stuff > corn.

Anyways, I dont think that not being able to meet supply is a very valid explanation. The fact is, if they purposly lax in getting a supply of oil out, they increase the demand and succsfully increase the price.

I mean, he with the gold makes the rules right? Well, I think us yankies should get pumping too. If we really have as much as has been claimed, we should really tap it while its up in value to get more money out of it, and to scare competitors down.

Bipper

[Channing]

Ethanol could not handle such a drastic increase. Ethanol runs hotter than gasoline, and some older cars can no longer run it.

Ethanol would also make corn and other biomass worth more, increasing demand too fast would cause industry farms to aggressivley grow in size. The family farm already has enough dangers in loosing thier buisness, but by pumping up the cost of corn, the money would attract some deviants to the industry. This would also make the lust (and cost) for land go up, taxes would go up as the farmers sought to extpand thier farms to fuel the new need. Plus food prices would go up.

Corn ethanol research is funded farmers are a powerful lobby, not because it makes sense to grow corn for energy.


bipper

You are only listening the negatives. Prices go up of course just like any source. The same could be said about gasoline but then again it's less destruction of the Earth and positively a resource that will be around a lot longer than oil. The positives:

Ethanol is a homegrown fuel that results in job creation, increased farm income, improved air quality, and greater energy independence by reducing imports of foreign oil.

In 2004, U.S. ethanol facilities set new production records and consumers used more than 3 billion gallons of ethanol in their automobiles. 2005 looks to be another record-setting year.

[Optium]

It's not about some big conspiracy to keep alternate fuel sources down
by the oil industry, though that is a part of it. It's about the fact that
no other resource could be shipped as easily as gasoline is because the
gasoline industry grew as the country did and it slowly became the main
resource for powering automobiles. That can't just change over night, we
need to completely change the entire system which took decades to build
if we want to change our source of fuel.

.opt

[Vyk]

Uh that gas in the US that can supply us for 30 years. Does this include the supposed reserves in Alaska that are in like a national park or wildlife reserve or whatever it is? 'Cause I'd be one of the people that think it shameful to tear apart a forest to suit our needs. We're doing enough of that already (humans in general that is)

[Spammerman]

Gasoline is getting its rediculous marks today over in the great state of Arizona. I'm seeing gas prices reaching as high as $3.30 a galon and nothing is being said about other than, "Hey look at this, gas is going up." But I want to know why. Gas isnt being depleted, yet the prices are going through the roofs. It seems too illogical to claim the source of this problem being on greed, but I'm not denying the fact that it could. Perhaps it has to do with Katrina, who the hell knows, because I sure as hell dont. I was even hearing in a conversation that on the east coast (people who live on the east coast, correct me if I'm wrong) are getting it worse than we are ($3.30 is us).

Im in a daze; I have to now set a budget of gasoline, not to mention my highschool education, meaning I cant sustain a full time job on this. This is serious bullocks!

Nevertheless, with the combination of these gas prices and Katrina, could I be wrong into sensing a inflation and the next recession in the future?

in connecticut we got some a high as like 4 or 5 dollars i think.

[eestlinc]

I'm pretty sure corn ethanol pollutes more than regular gasoline. however, biodiesel made from soy or sawgrass is a much more viable and eco-friendly option. corn ethanol is mostly used to prop up corn farmers in the midwest. it's Cloud No 9's farm subsidies again.