$4 a gallon by spring. - Chicagoland Sportbikes
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post #1 of 131 (permalink) Old 02-27-2008, 06:47 PM Thread Starter
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Cool $4 a gallon by spring.

Just in time to depress us for riding season.

http://money.cnn.com/2008/02/27/news...ex.htm?cnn=yes

NEW YORK (CNNMoney.com) -- As anyone who's been to the gas station or supermarket lately knows, the prices of fuel and food are on the rise.

And you haven't seen anything yet, some experts say.

Gasoline now costs an average of $3.15 a gallon, seven cents shy of the record set last May, according to AAA. But with crude oil prices closing at an all-time high of $100.88 a barrel on the New York Mercantile Exchange Tuesday, it's only a matter of time before drivers see it hit another record at the pump.

Within a few weeks, gas could cost $3.50 a gallon and, by spring, the price could hit $4 in some locations, said Peter Beutel, an oil analyst at the consultancy Cameron Hanover.

The high cost of gas is helping fuel a surge in food prices. Higher transportation expenses, along with growing demand for agricultural exports from the United States and increasing need for corn-based ethanol for gas supplies, has sent commodity costs soaring.

Last week, the federal government reported that the Consumer Price Index rose a greater-than-expected 0.4% in January and 4.3% over the past 12 months, mainly because of higher food and energy costs. Food and beverages jumped 4.8% for the year and transportation soared 9.4%.

A bushel of yellow corn, for instance, cost an average of $5.12 in January, up 41% from a year earlier, according to U.S. Department of Agriculture statistics. Not only does this contribute to the higher prices of food made from corn, but it increases farmers' cost of feeding cattle and pigs.

Though prices have been climbing for the last few years, consumers didn't feel it as much in the past because their home values were soaring.

"But now, with housing prices having gone down, credit becoming tighter and prices of necessities like food and energy going up sharply, it's created quite a squeeze on consumers' disposable income," said Maria Fiorini Ramirez, head of economic consulting firm MFR Inc.

The surge in gas prices has forced Kenny Khan to cut back his weekly 100-mile visits to his sister in Cherry Hill, N.J., to once a month.

"It costs me $50 in gas to visit her, said Khan, 52, who lives in Teaneck, N.J., and manages a gas station in midtown Manhattan. "As a salaried consumer, I can't afford that much for recreation."

Economists fear a continued slowdown in consumer spending will further weaken the economy.

The Federal Reserve's rate cuts won't lessen this inflation, said food price expert John Norris, managing director at Oakworth Capital Bank. As long as the dollar remains weak, the global demand for American exports will remain high.

"Consumers should build into their budgets continued increases," Norris said.

Later in the year, however, oil prices could ease since supplies from both OPEC and non-OPEC sources are expected to increase, said Sara Banaszak, senior economist at the American Petroleum Institute.

Staff Writers Catherine Clifford and Steve Hargreaves contributed to this report.

There is nothing firm, nothing balanced, nothing durable in all the universe. Nothing remains in its original state, each day, each hour, each moment, there is change. Change is the essence of life. Embrace change as you do life. To fight change is to live in the past.
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post #2 of 131 (permalink) Old 02-27-2008, 06:51 PM
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good thing i don't pay for gas

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post #3 of 131 (permalink) Old 02-27-2008, 06:55 PM
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the sky is falling!!!!

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post #4 of 131 (permalink) Old 02-27-2008, 06:57 PM
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Looks like I'll be figuring out how to ride the bikes more than the cars...

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post #5 of 131 (permalink) Old 02-27-2008, 06:58 PM
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Inventories of gas/oil in the U.S. are high, investors are fleeing to oil for security, keeping the price high.

The predicted recession should also decrease demand. Oil should stay in the $3.25 range until summer grades bump prices.
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post #6 of 131 (permalink) Old 02-27-2008, 06:59 PM
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oh no now i have to pay 14 dollars to fill the bike up good thing i only drive the car inthe winter months

go time traveler style and go back in time, fuck his grandma, then shoot forward in time and then fuck his mom. Then return back to present state and call him a the product of two incest whores and hes your son and show video of you plowing the both members of his family. .
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post #7 of 131 (permalink) Old 02-27-2008, 06:59 PM
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Ehhh... I don't worry about stuff like this. I keep hearing rumors about gas prices going up to $5 a gallon and it hasn't happened yet. If it does happen, I'll try to reserve as much gas as possible and ride my 250 to and from work to get the good gas mileage.. There's not much I can do about it so there's no point in freaking out.

Sometimes your knight in shining armor is just a retard wrapped in tin foil.
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post #8 of 131 (permalink) Old 02-27-2008, 07:00 PM
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holy crap! I'll defenitely be riding the bike much, much more instead of my gas pig 4 liter V8.
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post #9 of 131 (permalink) Old 02-27-2008, 07:24 PM
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slowly fucking us to death, i say this nation needs to uprise and shut this nation down by everyone saying FUCK YOU and take a week off and more if needed.

trillions of dollars lost per day will surely get them moving on keeping shit affordable as it use to be versus raising prices for any god dam thing to live but yet the general worker see nothing for a raise to compensate for this crap adjustment in higher rate of living.



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post #10 of 131 (permalink) Old 02-27-2008, 07:29 PM
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Quote:
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slowly fucking us to death, i say this nation needs to uprise and shut this nation down by everyone saying FUCK YOU and take a week off and more if needed.

trillions of dollars lost per day will surely get them moving on keeping shit affordable as it use to be versus raising prices for any god dam thing to live but yet the general worker see nothing for a raise to compensate for this crap adjustment in higher rate of living.
Alot of people agree with you but they will get there money either way because people will either buy a crap load before are after that week off. Either way we are foocked
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post #11 of 131 (permalink) Old 02-27-2008, 07:34 PM
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Alot of people agree with you but they will get there money either way because people will either buy a crap load before are after that week off. Either way we are foocked
This never works and has been passed off as a chain e-mail to drive down gas prices. People need to get to work to earn money and can not afford to not drive. Bills will not stop.

What cost will actualy change peoples habits about driving? The world was coming to an end when gas prices first topped $3, now we're used to it and fearing $4. With China's economy growing so rapidly, high gas prices are here to stay.
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post #12 of 131 (permalink) Old 02-27-2008, 07:37 PM
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i think everyone needs to post what MPG there daily driver gets. it just seems like the people with the hummers are the frist to complain.

me 25/34

-Nick
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post #13 of 131 (permalink) Old 02-27-2008, 07:40 PM
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i think everyone needs to post what MPG there daily driver gets. it just seems like the people with the hummers are the frist to complain.

me 25/34
17/23

Not too happy about that but my truck has been paid off some time. Government needs higher tax breaks for hybrids to offset the bump in price and I would consider one.
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post #14 of 131 (permalink) Old 02-27-2008, 07:42 PM
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cicadas, rain, snow, cold weather, getting fat and now the gas prices to complain about. gas prices always go up every year.

we live in a greedy world, face it.

-Maciek
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post #15 of 131 (permalink) Old 02-27-2008, 08:34 PM
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Quote:
Originally Posted by CHI1000RR View Post
This never works and has been passed off as a chain e-mail to drive down gas prices. People need to get to work to earn money and can not afford to not drive. Bills will not stop.

What cost will actualy change peoples habits about driving? The world was coming to an end when gas prices first topped $3, now we're used to it and fearing $4. With China's economy growing so rapidly, high gas prices are here to stay.
Simple solution: Bomb China back into the stone age. Aggregate demand for oil goes down, and as a bonus no infrastructure to support outsourced manufacturing jobs.

And a significant amount fo gas price is TAX, and also the cost of making literally hundreds of different blends for different regions and seasons to keep the treehugger busybodies placeted.

Gas will be more expensive. The laws of supply and demand don't suspend themselves because its inconvenient for consumers. However, it doesn't need to be as much as it is.

Not to mention the Feds rate cuts have considerably weakened the dollar, and oil is a dollar-denominated commodity

Attorney-at-Law: Doing my part to contribute to the downfall of western society.
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post #16 of 131 (permalink) Old 02-27-2008, 08:38 PM
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Blame it on Canada.
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post #17 of 131 (permalink) Old 02-27-2008, 09:11 PM
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fing Canadians.

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post #18 of 131 (permalink) Old 02-27-2008, 09:38 PM
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post #19 of 131 (permalink) Old 02-27-2008, 10:11 PM
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Quote:
Originally Posted by G2G View Post
Blame it on Canada.
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Originally Posted by leavundst View Post
fing Canadians.
If it was Canada's fault...you would be paying $10 a gallon

Sometimes goodbye is your second chance.
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post #20 of 131 (permalink) Old 02-27-2008, 10:19 PM
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Newsflash....it was $4.25 in Aspen last 4th of July.

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post #21 of 131 (permalink) Old 02-27-2008, 10:20 PM
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post #22 of 131 (permalink) Old 02-27-2008, 10:21 PM
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I hope these "investors" who keep bidding high prices loose everything soon, fuck them.

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post #23 of 131 (permalink) Old 02-28-2008, 12:34 AM
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Quote:
Originally Posted by suh-c View Post
holy crap! I'll defenitely be riding the bike much, much more instead of my gas pig 4 liter V8.
4.0 L V-8??.... How did they make it so small?? I got a 3.5L V-6!! Can't be that bad on gas.

Quote:
Originally Posted by HeavyHand View Post
i think everyone needs to post what MPG there daily driver gets. it just seems like the people with the hummers are the frist to complain.

me 25/34
I'm averaging about 16-17 around town and just under 26 on the last trip I took on the highway. I'm not complaining, though.... I knew what I was getting into when I bought the car. I will say I am contemplating getting rid of it for something a little better on gas, but I think I like it too much

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post #24 of 131 (permalink) Old 02-28-2008, 12:37 AM
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Quote:
Originally Posted by Rob View Post
Simple solution: Bomb China back into the stone age. Aggregate demand for oil goes down, and as a bonus no infrastructure to support outsourced manufacturing jobs.

And a significant amount fo gas price is TAX, and also the cost of making literally hundreds of different blends for different regions and seasons to keep the treehugger busybodies placeted.

Gas will be more expensive. The laws of supply and demand don't suspend themselves because its inconvenient for consumers. However, it doesn't need to be as much as it is.

Not to mention the Feds rate cuts have considerably weakened the dollar, and oil is a dollar-denominated commodity
China is going to be a force to reckon with and we have been soft on them. We boost their economy by importing all their junk and they restrict our imports. Not to mention they hassle & block american companies operating over there while they do little to police knock offs.
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post #25 of 131 (permalink) Old 02-28-2008, 08:39 AM
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Quote:
Originally Posted by HeavyHand View Post
me 25/34
14/20. :nutick:

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Isn't that like having sex and not finishing though?
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post #26 of 131 (permalink) Old 02-28-2008, 08:49 AM
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Quote:
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4.0 L V-8??.... How did they make it so small?? I got a 3.5L V-6!! Can't be that bad on gas.

I'm averaging about 16-17 around town and just under 26 on the last trip I took on the highway. I'm not complaining, though.... I knew what I was getting into when I bought the car. I will say I am contemplating getting rid of it for something a little better on gas, but I think I like it too much
LS400 has a 4L V8 in it, yep small for a V8 and you'd think it wouldn't guzzle the gas like it does but I get about 12mpg city and 18 highway. When I'm just above empty it costs me about $60 to fill up on 89 octane. I should be using 93 but fuggit, it runs just fine on 89. Range on that $60 is about 300 miles mixed city and highway. The car is fookin heavy and I have somewhat of a lead foot off the line. Not much of a speeder but I like to pull away from the crowd when I can just to stay away from the morons reading the paper while driving.
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post #27 of 131 (permalink) Old 02-28-2008, 08:50 AM
 
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Mariner gets 21/17 but only 11 pulling a trailer! 350Z gets 23/18ish.

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post #28 of 131 (permalink) Old 02-28-2008, 08:53 AM
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Quote:
Originally Posted by suh-c View Post
LS400 has a 4L V8 in it, yep small for a V8 and you'd think it wouldn't guzzle the gas like it does but I get about 12mpg city and 18 highway. When I'm just above empty it costs me about $60 to fill up on 89 octane. I should be using 93 but fuggit, it runs just fine on 89. Range on that $60 is about 300 miles mixed city and highway. The car is fookin heavy and I have somewhat of a lead foot off the line. Not much of a speeder but I like to pull away from the crowd when I can just to stay away from the morons reading the paper while driving.
I thought i had it bad. I pump 93 only and get about 260 miles per tank, and im never hard on the gas but i drive a lot.

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post #29 of 131 (permalink) Old 02-28-2008, 08:57 AM
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Vdub Jetta 24/32, I wouldn't think of getting a gas guzzling truck in these times. You couldn't give me a Hummer . I will just borrow or rent a truck when I want to take the bike to the track. I still can't wait till they come up with better affordable hybrids, or leave the combustible engine completely behind so we can finally tell these guys to go fuck themselves.

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"Ride it like you have 30 monthly remaining payments" should keep most people out of trouble.
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post #30 of 131 (permalink) Old 02-28-2008, 08:58 AM
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Quote:
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I thought i had it bad. I pump 93 only and get about 260 miles per tank, and im never hard on the gas but i drive a lot.
I know, it sucks huh? Supposedly I have a 22 gallon tank but when I'm on E I usually pump in about 17-18 gals according to the gas station meter.
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