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  #1  
Old 01-25-2011, 03:53 AM
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We haven't hit our gas price peak yet

How high can it go? $3.45 a gallon for premium at my local station.
I've seen it higher though. I heard San Diego has $4.19
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Old 01-25-2011, 04:06 AM
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According to Obama, "there is nothing wrong with paying European prices for gas" $7-$8 / gal!!! Shell CEO said $5 for reg by end of year!!!

Hell, I'm in middle America and paying $3.19 for prem
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Old 01-25-2011, 06:11 AM
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When did Obama say that?
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Old 01-25-2011, 09:13 AM
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I believe it is supposed to be around ~$5 per gallon by the end of summer.....
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Old 01-25-2011, 09:17 AM
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Just googled for kicks, first page. Also, the comments on the linked page all bring up different view points. But as with anything else political pulled up wit google take it with a grain of salt.

The Top 5 Things Obama Has Done to Raise Gas Prices | Red County
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Old 01-25-2011, 11:34 AM
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Although we have much oil here in Russia, gas price now already over 4$ per gallon and it's growing
I've heard in the UK its about 1,5 pounds per liter
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Old 01-25-2011, 11:40 AM
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$3.85 to over $4.00 for premium here in L.A. I think it will be a lots higher in the spring and summer.
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Old 01-25-2011, 01:23 PM
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Quote:
Originally Posted by 1stE53 View Post
According to Obama, "there is nothing wrong with paying European prices for gas" $7-$8 / gal!!! Shell CEO said $5 for reg by end of year!!!

Hell, I'm in middle America and paying $3.19 for prem
Actually the Former CEO of Shell said 2012....

$5 for a gallon of gasoline in 2012 - Dec. 27, 2010

3.55 for premium here in Costa Mesa,CA

and this:

Tom Kloza, chief oil analyst with Oil Price Information Service says Americans will see gasoline prices hit the $5 a gallon mark in the next decade, but not by 2012.

"That wolf is out there and it's going to be at the door...I agree with him that we'll see those numbers at some point this decade but not yet." Kloza said.
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Old 01-25-2011, 02:41 PM
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I paid $1.32 per litre yesterday. That is $6 per Imperial gallon, $5 for the smaller US gallon. Our dollar is at par right now, so there is no conversion on CDN$/US$.

We expect $1.50 per litre shortly, which will be $5.68 per US gallon.

I think the issue in the US really comes down to whether people believe cheap US oil and gas can continue, and for how long. Certainly the population expect it. But as long as it is artificially low (on a world basis) then there is no broad incentive for improvements in efficiency, and for the population to begin to adapt. There seems to be a desire to continue with low prices as long as possible, and ignore the upheaval that will happen when it ends.

It isn't like you can produce all your own oil and gas and ignore the prices in the rest of the world. With a relatively fixed supply side, you are going to have to deal with the demand side at some point in the future. It is interesting to watch from the sidelines.
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Old 01-25-2011, 03:06 PM
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Perfect that we got our Corolla last fall... Great for everyday errands.....
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