AHHHH!!! Time to PANIC $5.39 gas is here!!

[Lauryn200]

Originally Posted by mikeSS

are we going to have another 2008 here? lol i got a feeling it might be worse than last time. hopefully the price will drop like it did in 2008

The news reporter was trying to talk to that gas station manager in Florida with gas $5.00 +...blah..blah...than said gas being $6.00 by summer.

Everyone in the room got silent................

[2FST2LIV2YNG2DY]

I have gas. Who needs some? LOL

[67motorcat]

World supplies are stable.We haven't even tapped into our reserves here at home.
The only reason gas is high is because speculators are screwing us again to make a buck on wall street.

It will go back down once the effects are felt on our fragile economy and after they made some bucks off us.

[Russo]

not being able to drill deep water hurts us as well

[67motorcat]

Originally Posted by Russo

not being able to drill deep water hurts us as well

READ this my Friends.................................
WHY ARE WE LETTING THIS HAPPEN
> Subject:
>
> You "will" pay $5 a gallon + again and you won't complain loud enough to make a difference, RIGHT!
>
> Here's an astonishing read. Important and verifiable information :
>
>
> About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together." Please read below.
>
> The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota, western South Dakota, and extreme eastern Montana ..... check THIS out:
> The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5...3 trillion.
>
>> "When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.." says Terry Johnson, the Montana Legislature's financial analyst.
> "This sizable find is now the highest-producing onshore oil field found in the past 56 years," reports The Pittsburgh Post Gazette . It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.' It stretches from Northern Montana , through North Dakota and into Canada . For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves..... and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!
>
> That's enough crude to fully fuel the American economy for 2041 years straight. And if THAT didn't throw you on the floor, then this next one should - because it's from 2006!
>
> U.. S. Oil Discovery- Largest Reserve in the World
>
> Stansberry Report Online - 4/20/2006
>
> Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?
>
>
> They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth.. Here are the official estimates:
>
> - 8-times as much oil as Saudi Arabia
>
>
> - 18-times as much oil as Iraq
> - 21-times as much oil as Kuwait
>
>
> - 22-times as much oil as Iran
>
>
> - 500-times as much oil as Yemen
>
>
> - and it's all right here in the Western United States .
>
>
> HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY?
>
> James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post .
> Don't think 'OPEC' will drop its price - even with this find? Think again! It's all about the competitive marketplace, - it has to. Think OPEC just might be funding the environmentalists?
>
>
> Got your attention yet? Now, while you're thinking about it, do this:
>
>
> Pass this along. If you don't take a little time to do this, then you should stifle yourself the next time you complain about gas prices - by doing NOTHING, you forfeit your right to complain.
>
>
> Now I just wonder what would happen in this country if every one of you sent this to every one in your address book.
>
> By the way...this is all true. Check it out at the link below!!!
> GOOGLE it, or follow this link. It will blow your mind.
> http://www.usgs.gov/newsroom/article.asp?ID=1911 <http://www.usgs.gov/newsroom/article.asp?ID=1911>
>

[ffrcobra_65]

hopefully, they'll be less cars on the road. Less traffic for me.

[Blownhotrodder]

http://gasbuddy.com/

[Mr_Draco]

Originally Posted by 67motorcat

> U.. S. Oil Discovery- Largest Reserve in the World
>
> Stansberry Report Online - 4/20/2006
>
> Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?
>
>
> They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth.. Here are the official estimates:
>
> - 8-times as much oil as Saudi Arabia
>
>
> - 18-times as much oil as Iraq
> - 21-times as much oil as Kuwait
>
>
> - 22-times as much oil as Iran
>
>
> - 500-times as much oil as Yemen
>
>
> - and it's all right here in the Western United States .
>
>
> HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY?
>
> James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.

Actually this is a misleading statement.

This oil reserve is not in liquid form (it's really called Shale Oil if you want to look it up) and requires a special extraction method that currently is not economical which is the real reason why it hasn't been extracted yet. If you think $150 a barrel was high in 2008, the special extraction and extra processing just to turn it into liquid form would raise prices to almost double that amount.

[Russo]

i think it would be in the People's Republic of Kalifornia's best interest to permit offshore drilling..

[ChvyBoss]

If your worried about gas prices trade your camaro in for a Prius. I'm sure we all didn't buy the camaro for saving on gas

[Christiancoach]

Originally Posted by mikel441

It's so bad in WA we have a map of the gas prices by location. I paid $3.89 for Premium on Saturday.

http://www.king5.com/traffic/gas-prices

Thank you for that link! Nice to know for sure that the two stations I usually buy gas at are actually the cheapest in my area.

[UT-Engineer]

Originally Posted by ChvyBoss

If your worried about gas prices trade your camaro in for a Prius. I'm sure we all didn't buy the camaro for saving on gas

Well.... when your previous vehicle was a '93 chevy pick up.... anything would be better on saving gas.

[THE EVIL TW1N]

91 octane here in san jose is $4.20 at most stations around me. the cheaper stations are at $4.10-4.15

[VTXrider]

Originally Posted by Epitaph

I hate news stations that lie. Truth goes in, lies come out, never a miss-communication. You can't explain that!

I'm going to assume that $5.39 was for racing? lol

The story exaggerates the gas problem, but this is for regular. Really this is one of those stations right outside of the rental car drop off at the airport. Their "business model" is to get people returning rental cars that are late for flights and need to fill before turning in the car. They probably price their gas just under the rental companies fees to fill a car.

We have a station like this in Miami but not as bad. Like $4.39 for regular when 2 blocks down the road it is $3.69