$3.94 for gas....

Discussion in 'Budget Board' started by pat fan, May 23, 2008.

  1. pat fan

    pat fan Sad my tag won't fit :(

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    Gas prices have gone up 3 times this week...again...and now it's at $3.94. When will it end? Anyone hear of a bubble bursting any time soon? This is ridiculous and really hurting us.
     
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  3. christa112

    christa112 DIS Veteran

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    I just was $3.96 for all grades at the Shell station near my work!!!!
     
  4. n2mm

    n2mm aka WALTSGIRL

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    $3.99 for regular as of last night in our town. Probably higher today. It goes up daily around here.
     
  5. LAH LAH

    LAH LAH 1244.22 Miles from the Magic

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    I paid $4.03 this morning for regular...I don't think it is coming down any time soon...

    :(
     
  6. stahshee

    stahshee wheres my Camero?

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    4.07 this morning
     
  7. rockyroad

    rockyroad DIS Veteran

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    I read an article last night predicting gas prices as high as $7 and lasting for several years.
     
  8. CMKN

    CMKN Mouseketeer

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    Wow I haven't seen the three dollar mark in a couple of weeks!

    We are currently at $4.19......:confused3
     
  9. momto2girls

    momto2girls DIS Veteran

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    I don't know how much gas in here right now, but I certainly don't expect it to go down. I expect that it will continue to rise therefore it doesn't surprise me when I go to the pump. :confused3
     
  10. Tinker'n'Fun

    Tinker'n'Fun Apple peaches pumpkin pie, not ready holler "I"

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    WNY anywhere from $4.03 to $4.13 regular unleaded.
     
  11. chris1gill

    chris1gill <a href="http://www.wdwinfo.com/dis-sponsor/index.

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    It's not going to stop going up. Everybody laughed at me earlier in the year when I said prices would be 5.00 by summer, well, here we are, paying nearly 4.00 and they said just yesterday prices will continue to rise over the next six weeks and beyond.

    When oil is 136.00 a barrel, or, 131.00 a barrel that is so far beyond the pale of anything we have ever witnessed, prices are going to go far beyond the 5.00 by the end of the summer IMHO.....

    Can you say windfall profit tax for the oil companies?
     
  12. mom2my3kids

    mom2my3kids Doesn't believe in the Tag Fairy

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    3.99 last night, this is crazy!!!
     
  13. sandisuze

    sandisuze Every Thursday I take Pudge the fish a peanut butt

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    anywhere from 3.86 to 4.07
    yesterday the 4.07 place was 3.91

    this is NOT making me a happy person at all:headache:
     
  14. MELSMICE

    MELSMICE Hi Ho, Hi Ho, to Disney World we'll go. It'll be

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    Yep - $4.07 by me also. It's crazy.
     
  15. Gizmo1951

    Gizmo1951 DIS Veteran

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    It was $4.19 here last night this is crazy! :headache:
     
  16. msmayor

    msmayor Finding my beach...

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    Which is why I'm an Exxon shareholder. And an investor in a natural resource fund. Right now, that's where the big investment is, and where the greatest returns are.

    I always find it interesting though that folks blame the oil companies for these prices...the free market determines the price of a barrel of oil, not the oil companies. Between the weakening dollar and the increase in demand for oil all around the world, investors are bidding up oil and futures contracts. Which in turn raises the price of gas at the pump. But if you look back, the two haven't risen at the same rate.

    If you look at where oil was back in 2004, the price averaged $35/bbl. Gas was around $2/gallon.

    Oil is now almost four times the price...but we're not close yet to paying $8/gallon for gas (which is four times the price it was back in 2004).
     
  17. Goofyzgurl

    Goofyzgurl DIS Veteran

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    $3.77 here....
     
  18. *KeepMovingForward*

    *KeepMovingForward* <a href="http://www.wdwinfo.com/dis-sponsor/" targ DIS Lifetime Sponsor

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    I guess I'm feeling good that gas is $3.61 here. I just filled up this morning. I'm sure that price is going to go way up very soon. Soon we may be riding our bikes to work. :sad2:
     
  19. hubermom3

    hubermom3 Mouseketeer

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    These are the prices reported yesterday and today on the news channel. They have a gas tracker.

    Lowest Gas Prices in Metro Detroit:


    3.85 Costco

    3.87 Marathon

    3.87 BP

    3.88 Sunoco

    3.89 Ammex

    3.89 Sam's Club


    3.89 Citgo

    3.89 Fast Track



    Here is a link to the site.

    http://media.myfoxdetroit.com/traffic/gas/index.html
     
  20. mountdew1

    mountdew1 DIS Veteran

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    It's going to keep going up. It may have spiked a bit due to the long weekend (which I think is historically high prices) and may level off a touch for a few weeks, but it is definitely going to keep going up. Demand is going up around the world, China and India are both starting to crave cars instead of bikes so consumption is skyrocketing. Some is due to hedge speculators driving the cost per barrel up, and a bit is due to the taxes you pay on the gas. However, many gas taxes are fixed, only some states have percentages. And dropping the federal gas tax will be a one time savings, but that 30 cents savings will soon go right back up as costs keep rising. And then not only are we paying 4 bucks for gas, but now the government has a massive funding shortfall. Alternative sources need to be arranged. Be it public transit, hybrids, biking to work, what have you is the only way it is going to get better. And remember, many countries currently pay 7-8 dollars a gallon for gas. So we are still fairly lucky. Trust me, the increase sucks (I commute 55ish mi each way to work) and it's not going to get better in the near future.
     
  21. gilby

    gilby DIS Veteran

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    They say if we start pumping oil from alaska, there is enough oil to last us 30 years and gas would be around 2.00 a gallon.
    All they are doing is making the American go broke. This will definitely put our March vacation on hold. I was pricing out air to mexico at over 600.00, I am not going to pay that.
    Food is higher, natural gas to heat our house, everything is high, its got to end. We can't even have Schwans come to the house anymore, because they charge a fuel surcharge. I am fed up.
     

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