Oil on the (downward slide) upward climb...

BlazeES

BlazeES

Veteran and General Yakker
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Oil on the (downward slide) up-hill climb...

I'm really looking forward to gasoline prices falling below $3 a gallon.
My gut tells me we are entering into what will be a more protracted period of sanity with regard to the cost of filling up.

:albino:
 
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BlazeES said:
I'm really looking forward to gasoline prices falling below $3 a gallon.
My gut tells me we are entering into what will be a more protracted period of sanity with regard to the cost of filling up.

:albino:
Click to expand...

Don't know what you're complaining about....

We pay just $8,- a gallon.

Maybe you should buy a Toyota Prius Hybrid to lower the costs? :albino:
 
Don't know about your locale, but buying a hybrid car generally costs an arm, leg and genitalia, and leases are more common here for cars as they tend to cost 20-30,000 dollars.

AND THEY ARE STILL DEFECTIVE.

And you probably do not hunt or drive offroad. Priuses suck at this.
 
I'm not complaining. My daily driver is a Kia 2.0L that gets nearly 30 mpg around town and nearly 40 mpg on the freeway.
But high energy prices effect the entire economy and I personally know many a self employed contractor
that rely on a truck and/or vehicle fleet where transportation costs have nearly ruined business. Transportation
costs are also impacting the cost of goods sold on a nearly all levels.

On a more selfish level, I would rather enjoy filling up for less and taking more spur-of-the-moment day trips.

Hybrids aren't a cost effective solution by the way. They are a "feel good" choice that I don't personally subscribe to... ;-)
It's just a shell game for hiding guilt, for emo types.


Miracle Mile said:
Don't know what you're complaining about....

We pay just $8,- a gallon.

Maybe you should buy a Toyota Prius Hybrid to lower the costs? :albino:
Click to expand...
 
I guess I'm not. I have a 4 wheel drive that weighs 18,000 lbs.
 
This happens at every election cycle in the USA. After November, expect gas prices to rise again.

My wife wants to know if our aging Honda Accord should be replaced with a hybrid, a full electric, or stick with a conventional power plant. Pros/cons?
 
hybrids have a very long payoff period. The car is usually used up by the time you break even between additional cost of purchase and fuel savings. If you get fuel savings. They are only better in town.

Full electric has seriously limited range. They're also kind of expensive.


honestly, basic gas or small diesel engines are the way to go for practical economy. Diesel gets better mileage, but it costs more for fuel and to buy the car so its often a wash. Not much in the way of small diesel cars in the US either, probably looking at VW mostly and those are not quite ecoboxes anymore. You can also get most basic cars fixed anywhere, and a lot of them offer pretty good warranties now. Not just anyone can or will work on a hybrid or an electric car.
 
I have a SCHWINN and a ROLLFAST.

Was priced out of driving 8 years ago.
 
Enjoy it while you can. Don't expect the low prices to last long either. Sure as you can say "one of my connecting rods is shorter then the others the prices will go back up.
 
I can hardly wait until the governments offers a Clunker programme for electric vehicles that have batteries that have expired and owners can't afford a $6000 replacement.

Nando.
 
Real men fuel up. They don't plug in.

Nando.
 
John you don't understand the drivers behind oil prices. For this drop in prices, the gloomy INTERNATIONAL economic outlook is responsible. The pussies on Wall street are getting out of energy stocks and the speculators in oil futures are betting that oil consumption will flatten as the global economy contracts.

On the horizon, there is going to be an oil glut if the laws against exporting crude are not reversed. We are rapidly approaching the point where we will be producing more than we can refine, and with more borrels chasing only so many refineries the price of domestically produced crude will go down.
 
Web Police said:
Enjoy it while you can. Don't expect the low prices to last long either. Sure as you can say "one of my connecting rods is shorter then the others the prices will go back up.
Click to expand...

I once subscribed to that idea but dynamics are different now and I actually heard a financial analyst echo my beliefs today - for the first time.
Oil (and commodities in general) were safe havens for large investor pools and speculators during the financial crisis which actually started years earlier than 2008.
With the current stock market correction in play,
investment firms are witnessing major shifts in capitol from commodities into other holding vehicles and cash - in preparation for a stock market rebound.
The money is being prepared for a major shift around. Add to it that those traditional "global events" that typically trigger oil spikes historically haven't triggered jack sh ! t as of late.
What are those?
Syria
Libya
Ukraine
I S I S

OPEC is also posturing opposite to their typical behavior - they have publicly announced no propping up of the price.
Will oil go up again? Sure, someday. But it's trending down hard after steadily increasing since the fall of 2004.
American energy independence 101 - shifting into high gear...
 
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