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Meanwhile, keep watching for shortage reports, because we should start seeing some sneak in this week, if our doom-o-meter is calibrated correctly.

pup55

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Peakoil.com :: View topic - THE Gasoline Price Thread (merged)
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THE Gasoline Price Thread (merged)
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What Price Will Gas Top Out At This Summer?
Gas will Be Cheap! Less than $2.
0%
 0%  [ 0 ]
Gas Will Stay Aout Where It Is Now. Somewhere Between $2 and $2.50
5%
 5%  [ 4 ]
Modest Increase. Between $2.50 and $3.
25%
 25%  [ 19 ]
Big Increase But No New Record. Gas $3 to $3.50
40%
 40%  [ 30 ]
New Record! Gas between $3.50 and $5.
27%
 27%  [ 20 ]
Oil Madness! Gas goes to $5 and Beyond.
1%
 1%  [ 1 ]
Total Votes : 74

Author Message
DantesPeak
Expert
Expert


Joined: Oct 23, 2004
Posts: 5504
Location: New Jersey

PostPosted: Sun May 18, 2008 9:12 am    Post subject: Re: $2, $3, $5, $7, and $10 gasoline price comparisons- shoc Add User to Ignore List Reply with quote

pup55 wrote:
Quote:
Buy energy stocks
Sell the SUV
Buy the smallest car possible
Buy a small apartment very close to where you work
Start traveling the world as much as you can NOW
Do not keep investments in USD

This is a pretty good start.

I would also add the following:
Spend less than you make.
Don't borrow to pay for a depreciating asset
Stay healthy: Cheaper and good for your mobility.
Take care of your brain (by reading PO.com or other sources of news and info)
Invest in a network of allies and associates who can be helpful to you.
Make sure your life partner and any offspring are sufficiently tuned in to all of the above to not be dead weight.
Don't sweat the small stuff

A more direct hedge against the rising of gasoline can be had by buying the new US Gasoline Fund LP, which trades as UGA.

It came out about $50 and in just a month or so has gone to $60.

While I can't offer any specific recomendations as to when to buy and sell this security, I do expect if any gasoline shortages occur in the US, the price of this fund will be higher than it is now.
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TheDude
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Joined: Apr 06, 2006
Posts: 2959
Location: 3 miles NW of Champoeg, Republic of Cascadia

PostPosted: Sun May 18, 2008 10:03 am    Post subject: Re: $2, $3, $5, $7, and $10 gasoline price comparisons- shoc Add User to Ignore List Reply with quote

aahala2 wrote:
Here's the pdf from the EIA:
PDF

As you can see, the preliminary figure for 2006 for passenger cars
was 12,427 and for vans,pickup trucks, SUVs 10,986.

A much more complete document is the NHTS's Summary of Travel Trends from 2001. They're working on a new one for this year. For 2001 the average commute distance was 12.1 miles. Your EIA table of course is more up to date in regards to total vehicle mileage.
_________________
Cogito, ergo non satis bibivi
I'm just gonna find a cash machine.
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nocar
Intermediate Crude
Intermediate Crude


Joined: Nov 05, 2004
Posts: 666

PostPosted: Mon May 19, 2008 10:10 am    Post subject: Re: $2, $3, $5, $7, and $10 gasoline price comparisons- shoc Add User to Ignore List Reply with quote

Thank you Aahala, and Dude,

that was very imformative. So the original calculations overestimated the typical mileage for a vehicle. But they I suppose that for a household with several vehicles, the total cost of gasoline could be even higher.

It seems like Americans soon will have think about getting around in their cars in a new way.

The difference in miles per vehicle between Sweden and the
US is not that great, about 15,000 km vs 20,000 km. But then of course the Americans have more vehicles per household. From Dude's link I found that there is more than one vehicle per driver in the USA. Not so in Europe, although I do not have a link.

nocar
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Fredrik
Heavy Crude
Heavy Crude


Joined: Nov 05, 2006
Posts: 381
Location: Finland

PostPosted: Mon May 19, 2008 10:45 am    Post subject: Re: $2, $3, $5, $7, and $10 gasoline price comparisons- shoc Add User to Ignore List Reply with quote

pup55 wrote:
Quote:
Buy energy stocks
Sell the SUV
Buy the smallest car possible
Buy a small apartment very close to where you work
Start traveling the world as much as you can NOW
Do not keep investments in USD

This is a pretty good start.

Until millions of alarmed people, along with foreign nations, stop keeping investments in USD...
_________________
"A devastating error is to set up a political system based on [individual] desire... the best dictatorship would be one where the government prevents any economical growth."
"Only scarcity and effort make life worth living."
-Pentti Linkola
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IgnoranceIsBliss
Tar Sands
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Joined: Apr 23, 2008
Posts: 46
Location: Georgia, USA

PostPosted: Mon May 19, 2008 12:02 pm    Post subject: Re: $2, $3, $5, $7, and $10 gasoline price comparisons- shoc Add User to Ignore List Reply with quote

I would think the average US driver sees more than 12,000 miles per year. I personally know many people who commute at least 40+ miles each way to work. During the real estate boom in FL, people bought "cheaper" houses 40+ miles out from where they worked (metro Orlando) and now commute every day.

Also, if you lease a car from a dealer, they give you an allotment of 12k miles per year, and then charge you a fee per mile over. Most people go over, and that can add up to a few thousand.

I'm sure many people are putting their gas bills on the credit cards now. This will catch up to us soon, in the form of increasing late credit card payments and defaults (the "credit crisis" continues).

Here in north suburban Atlanta Georgia, USA, it seems like every other car on the road is a big SUV. (Chevy Tahoes and Suburbans rule). I've noticed some of these parked in public areas with "for sale" signs on them lately.

What scares me is the price of diesel. How are local schools going to keep the buses running? How are we going to keep trucks on the road to get our food & medicines to the shelves? How many smaller trucking operations will go belly up?

It seems like this "perfect storm" has hit us all of the sudden, but then again, the signs were probably there, we were just too busy feeling like instant millionaires during the real estate run up.
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anagami
Light Sweet Crude
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Joined: Jul 26, 2006
Posts: 1655
Location: Sudavasa Abodes

PostPosted: Tue May 20, 2008 12:59 am    Post subject: Re: $2, $3, $5, $7, and $10 gasoline price comparisons- shoc Add User to Ignore List Reply with quote

MarkJ wrote:
(...) Many people in my area also drive from the cities to the suburbs, rural areas or to other cities to work. My homes and land in in the suburbs and rural areas are closer to some of the major employers and shopping than my rental properties in some cities.

homeS? Do you own more than 1 home? or are you trying to "impress" others with lies?
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joeltrout
Light Sweet Crude
Light Sweet Crude


Joined: Sep 19, 2007
Posts: 1091
Location: Land of the Tongva tribe

PostPosted: Tue May 20, 2008 10:44 am    Post subject: Re: $2, $3, $5, $7, and $10 gasoline price comparisons- shoc Add User to Ignore List Reply with quote

zensui wrote:
homeS? Do you own more than 1 home? or are you trying to "impress" others with lies?

Many people own more than 1 home. Actually quite a few people I know own more than 5 homes for investment purposes ie rentals.

Around here even homes that cost $800,000+ are great investments for rental properties because you can get $3500+ in monthly rent. A lot of people have that kind of money for rent but don't have that kind of money for a downpayment or choose not to own.

I think it is crazy but homes that are empty and for rent don't last long.

joeltrout
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ENERGY is the basis of our industrial civilization and sustains our standard of living. It is the foundation stone of our national wealth. A nation starved of energy.....will be a nation of starving people.
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MarkJ
Heavy Crude
Heavy Crude


Joined: Mar 25, 2008
Posts: 152

PostPosted: Wed May 21, 2008 7:55 am    Post subject: Re: $2, $3, $5, $7, and $10 gasoline price comparisons- shoc Add User to Ignore List Reply with quote

zensui wrote:
MarkJ wrote:
(...)
Many people in my area also drive from the cities to the suburbs, rural areas or to other cities to work. My homes and land in in the suburbs and rural areas are closer to some of the major employers and shopping than my rental properties in some cities.


homeS? Do you own more than 1 home? or are you trying to "impress" others with lies?


Yes, I've owned more than one home since I was 19 when I started buying acreage, building lots and tax auction properties. As a third generation builder, I had the skills, knowledge, tools, equipment, discipline, savings, income and connections necessary to buy, renovate, build and sell. I started renovating and renting multi-family homes, then worked my way up to renovating, renting and building lakefront spec homes, and spec homes on acreage.

In the 90s, acreage, large building lots and existing city homes were dirt cheap in areas of Upstate New York. Many people wouldn't touch older city homes with a ten foot pole since they were uninsulated, needed windows, had lead paint, lead piping, asbestos, knob and tube wiring, 60 AMP fuse boxes, ancient coal conversion furnaces or boilers and many had foundation issues, structural issues, pluming issues, drainage issues, roofing issues and needed to be gutted.

Back in the 90s you could still buy direct lakefront homes, camps and building lots dirt cheap in some areas. Here in the Adirondack region of Upstate New York, it's very common for people to own a camp, second home or vacation home on or near the lakes, mountains and rivers. Many of my family friends and customers also own two or more homes. The Lake George, Saratoga, Great Sacandaga Lake region is a popular four seasons tourist area, so lakefront homes now sell for big bucks.
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moawdtsi
Coal
Coal


Joined: Mar 30, 2005
Posts: 13

PostPosted: Wed May 21, 2008 9:34 pm    Post subject: Re: $2, $3, $5, $7, and $10 gasoline price comparisons- shoc Add User to Ignore List Reply with quote

Here is a little excel spreadsheet I made for gas prices you all are welcome to use, makes it easy to compare many different prices and mpgs at once.

http://www.missouri.edu/~gephardtt/gas.xls
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tsakach
Heavy Crude
Heavy Crude


Joined: Mar 09, 2005
Posts: 326

PostPosted: Thu May 29, 2008 7:29 pm    Post subject: Re: High gas prices spawn songs, symbolic acts Add User to Ignore List Reply with quote

Hmm. Protesting high gas prices by walking, cycling and taking public transportation.

If enough people protested maybe the oil companies would stop all the price gouging and then everybody could start driving again.

Or maybe not. Let's see how long these protests continue.
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TreeFarmer
Heavy Crude
Heavy Crude


Joined: Jun 26, 2007
Posts: 301

PostPosted: Fri May 30, 2008 7:56 am    Post subject: Re: High gas prices spawn songs, symbolic acts Add User to Ignore List Reply with quote

I heard on the radio yesterday, so take it with a BIG lump of salt, that when you buy gas 15% of the price is tax and 4% is oil company profit. (I'm sure this varies from state to state)

Keep on protesting...


TF
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FoolYap
Heavy Crude
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Joined: Sep 04, 2005
Posts: 362
Location: central MA, USA

PostPosted: Fri May 30, 2008 8:41 am    Post subject: Re: High gas prices spawn songs, symbolic acts Add User to Ignore List Reply with quote

joeltrout wrote:
How come nobody protests that:
Movie Tickets are $11
IPHONES are $400
Starbucks Coffee is $5
ETC....
joeltrout

Because two years ago it wasn't true that:

Movie tickets were $5
iPhones were $200
Starbucks coffee was $2.50

? Rolling Eyes

I'm not really sure what people hope to achieve by protesting high gasoline prices. The Petrol Fairy waves her magic wand and we all return to 2002?

--Steve
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Ferretlover
Moderator
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Joined: Jun 13, 2007
Posts: 3354
Location: Minniesotuh

PostPosted: Sun Jun 15, 2008 7:33 pm    Post subject: Re: THE Gas Price Thread Add User to Ignore List Reply with quote

Drivers make run for the border to save on gas
$2.54 a gallon due to price supports — but lots of idling to get back to U.S.
SAN DIEGO - If there's pain at the pump in the U.S., Mexico may just have a remedy. A gallon of regular unleaded gasoline in San Diego retails for an average price of $4.61 a gallon. A few miles south, in Tijuana, it's about $2.54 — even less if you pay in pesos. …
MSNBC
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