We're screwed. Just paid nearly $62.00 to fill up my truck

 

I haven't heard anyone say this is what is causing it, but there have been a BUNCH of mergers in the Petro. industry. Examples--ExxonMoble, ConocoPhillips, BPAmoco, ChevronTexaco.

Eight oil companies just became four!!!!! Hello!!!! It is time for a pricecranking and they have done it.

 

I paid $50 to fill up my Toyota Avalon this week. I would imagine that it would be at least $75 to fill up a truck here...disgusting it is.

Ryan, I must say that I'm a bit impressed with your information. Are you here in the Bay Area?

 

Thanks for the compliment. I am pretty sure most of that knowledge came from college. It is why I am always pushing a 4 year degree in the flight training forum.

I live in San Carlos, and CFI out of KSQL.

 

interesting

 

One of the joys of our society being totally reaction-driven. When the Alaska pipeline broke a couple weeks ago, all we heard about was how gas prices would go up. For the first time, the media started questioning why BP ignored regulatory agencies and employee suggestions and did nothing to prevent the problem. Then, the media questioned why Exxon-Mobil posted their second-highest profit ever in Q2 of 2006. Since then, gasoline prices have dropped steadily. Petroleum has seen exponential increases like this in the past and in most cases the price stabilized and then returned to a much lower level. The gas crisis of the late 70s is an example. Adjusted for inflation, prices then were still higher than they are today.

We are also our own worst enemies in this battle. In most cases, we don't need to drive the cars we do. A family of four doesn't need a Chevy Suburban, they want one. Millions sit in traffic every day by themselves in their car. If you think about how many cars would be taken off the road if everybody carpooled with a coworker that lived near them it's amazing how demand would drop. We are also living in a time of increaced consumption. Nobody repairs a TV anymore, they go to Wal-mart and buy a new one, disposing of the old one. Guess what that TV is likely constructed of? Petroleum-based plastics. The list goes on and on...

 

Makes interesting reading when thinking about fuel....on dem long hauls

 

Hey everybody,

Here in Israel we pay 5.5$ for one gallon. it's so Crazy.172 flight hour cost 168$ can you imagine???

Just for the record

 

Oil surged above $85 a barrel today.
http://biz.yahoo.com/ap/071015/oil_prices.html
Since I have made this prediction, oil dropped below $60 a barrel only once...for about one month's time period. It will never go back. High oil prices are here to stay.


Time to start buying hybrid cars. Time to stop investing in that ethanol fuel crap, and time to start investing in true renewable energy (solar, wind, hydro, but especially solar) and batteries capable of storing enough charge to power an automobile at a decent range at a decent speed.

 

ryane946,
Quite the contrary, it's time to knock China off their pedastal, take out Ahmadinejad, Chavez and Il, build several new refineries as well as some new nuclear power plants, drill in Anwar and the Gulf of Mexico and give a brand new bicycle to every tree huggin' liberal to ride. That will lower the prices and preserve the future for aviation.
Just my $.02c