Gas Prices Could Rise to $5 Per Gallon - Page 4

motordavid · #1 02-28-2011, 07:23 PM

X5Rolls,
Right On, and

.

Mr&Mrs 'AvgAmeican' have lil'clue where their monthly dough goes, besides their mort, car payment(s), widescreen tv note, et al.

And, many families' 'budget' and 'financial planning' is akin to the Fed gov't's style, imo.
GL, mD

X5rolls · #2 02-28-2011, 07:34 PM

Quote:

Originally Posted by motordavid

X5Rolls,
Right On, and

.

Mr&Mrs 'AvgAmeican' have lil'clue where their monthly dough goes, besides their mort, car payment(s), widescreen tv note, et al.

And, many families' 'budget' and 'financial planning' is akin to the Fed gov't's style, imo.
GL, mD

Sad but true.

You know, wouldn't it be great if in school they actually tought kids how to be responsible with money, to budget and even...... save? Seems like parents don't do enough of that, maybe they are too worried about being a kids friend.

Quicksilver · #3 02-28-2011, 09:27 PM

Actually parents don't do enough of that. Maxing out credit cards, second and third mortgages you name it, thats the example they set. Now add to that young people who think they deserve everything now and budget and even save don't enter into the conversation.

Quote:

Originally Posted by X5rolls

Sad but true.

You know, wouldn't it be great if in school they actually tought kids how to be responsible with money, to budget and even...... save? Seems like parents don't do enough of that, maybe they are too worried about being a kids friend.

X5rolls · #4 03-01-2011, 09:30 AM

Quote:

Originally Posted by Quicksilver

Actually parents don't do enough of that. Maxing out credit cards, second and third mortgages you name it, thats the example they set. Now add to that young people who think they deserve everything now and budget and even save don't enter into the conversation.

I couldn't agree more. Not all folks of course but a ton of them.

JCL · #5 03-02-2011, 02:40 PM

Back on the theme of increasing domestic production, and focusing on the supply side of the equation....

I came across this today, and thought of this thread. The USGS reduced their previous (2002) estimate of undiscovered conventional oil in the Alaska National Petroleum Reserve and associated waters by 90%. This isn't all of Alaska, but it is a sizeable area. This new estimate is based on more recent exploration, and counts the technically recoverable oil and gas. Gas reserves were also reduced. So, it isn't just in Saudi that reserves have been overstated. This entire estimated reserve would supply all oil needs in the US for about 45 days by one calculation. Sort of puts a cramp in the 'drill baby drill' promoters in Alaska.

USGS Release: USGS Oil and Gas Resource Estimates Updated for the National Petroleum Reserve in Alaska (NPRA) (10/26/2010 12:43:17 PM)

Edit:

I wondered how comparable the NPRA is compared to the ANWR, since there is a lot of discussion about drilling in the ANWR. The NPRA is 23 million acres, the ANWR is 19 million acres. Comparable, at first glance. They are both on the North Slope, where the oil is. We don't know with any confidence what reserves the ANWR contains, since the estimates are older than the old NPRA estimates. However, in 1998 the USGS put the reserves in the ANWR at between 5.7 and 16 billion barrels, with a mean estimate of 10.4 billion barrels. That is comparable to the 10.6 billion barrels that the USGS estimated were in the NPRA in 2002, and which has been downgraded by 90%, above.

Quicksilver · #6 03-02-2011, 09:23 PM

Just imagine the average go to work Joe/Jane waking up to a sign at a local California gas station that said $9.63 a gallon. Nope I'm not kidding. It was an electronic sign programed from another location so the attendant couldn't change it right away. But I can't help thinking how that sign must have woke up a bunch of folks way better then their morning coffee.

Fraser · #7 03-02-2011, 09:44 PM

Yesterday I paid the equivalent of US$6 for a US gallon of 95RON. Fuel is even more expensive in the UK and Europe. It's about time the USA shared some of the pain where fuel has been too cheap for too long and has lead to a culture of building and buying cars with very poor fuel efficiency.

X5rolls · #8 03-03-2011, 01:23 PM

Quote:

Originally Posted by Fraser

Yesterday I paid the equivalent of US$6 for a US gallon of 95RON. Fuel is even more expensive in the UK and Europe. It's about time the USA shared some of the pain where fuel has been too cheap for too long and has lead to a culture of building and buying cars with very poor fuel efficiency.

WOW.

Thanks but I'd like to avoid the pain just because others think we should experience it.

"Time for the USA to share the pain."

Now that is a quote.

Fraser · #9 03-03-2011, 04:57 PM

Quote:

Originally Posted by X5rolls

WOW.

Thanks but I'd like to avoid the pain just because others think we should experience it.

"Time for the USA to share the pain."

Now that is a quote.

Just having a dig. Every time I've travelled to the US I've always been extra jealous about the price of your fuel.

X5rolls · #10 03-03-2011, 05:11 PM

Quote:

Originally Posted by Fraser

Just having a dig. Every time I've travelled to the US I've always been extra jealous about the price of your fuel.

I'll say we have it good - many in the US might not know how good. However, driving habits changed dramatically when gas went to $4 gallon here previously. If it goes there again the same will happen and we will see more smaller cars with higher mileage being sold.

Fortunately for the enthusiast (me being one of course) there are a bunch of new small cars that are great on mileage and have premium interiors, handle well and are generally better than any small car we had available before.