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Gas is 12 cents a gallon in Kuwait and 15 cents a gallon in Caracas, Venezuela. In 1999, I could still get regular here for 99 cents a gallon. It was only around 89 cents a gallon 10 years earlier. A 400% increase in the last 5 years is alot of reason to panic and it's not over yet. I complained when it was $1.65 a gallon. I'm past panic. I'm driving a Civic!
The wife and I were running calculations on fillups and so forth.... so inline with the thread does anyone know off the top of their head what the tank capacity is?
I pumped regular gas into the family van last night at 3.19/gallon. A real steal from the 3.29 next door. Truthfully I can afford it, but for some reason it feels stressful filling up at $3+. Truthfully I'd love to see $2 to $2.50 range. The dollar "something" days are probably only memories for the people that can remember them.
We are also going to a beach house in NC for a few weeks. A call ahead confirmed that there may be gas shortages and that we should refuel at any chance we get before entering NC or any place we run across down there. Where is this going?
Aw shucks [Yawn] ... I think $10, or higher, if you want reality.
And this is not a good time to measure prices -Labor Day weekend- historically one of the highest price times of the year.
In a society where people will pay $2 for a half pint of bottled water at the 7-11, when they could wait 5 minutes and get it for 3 cents at home, some of the folks interviewed on TV make me laugh.
I read somewhere, historically, the highest price for gas was sometime around 1982, when taken for inflation in today's dollars, and at 1980's supply levels, it would cost a lot more today. And that does not take into account a major supply disruption, so add another 25%.
Only a minor percentage (15% I think I read) of our oil supply actually comes from the middle east nowdays, and WE are the 3rd largest oil producing country (behind Saudi Arabia and Russia). This whole gas thing is nothing more than a refining capacity issue. If an oil shortage was the issue, we might be in trouble- but hey, they can always restore/add refining capacity.
I'm not worried. I keep meticulous records (a data pack rat, if you will ). Even at these prices, gas is a smaller percentage of my total expenditures compared to my income than 10-15 years ago.
I'll keep buying the gas, and happy to do it!
And the RX-8 loves it too :D
Personally we should be panicing right now.
After what happened in new orleans they jack the price in NYC from 2.80 ish to 3.30 over the course of a day???
They already purchased their gasoline weeks before, and every station did this.
Can any1 say monopoly? Whats to stop them from making it 6 or 7 dollars a gallon, they have us by the ballz and its sux...
I got stuck in a damned traffic jam at 2:00 p.m. this past SATURDAY. These people around here are not panicking, believe me. They'll panic when the gas runs OUT but for now they are willing to pay and burn it up idling, voluntarily, on a Saturday afternoon, in the same traffic they stew in on workdays. Personally I'd rather get hit in the head by a 2x4 but I really needed to drive this weekend. Had I known about the jam I would have opted for the 2x4.