Gas $3 a gallon by the end of year.

We will all be driving mopeds soon. When I went to London last year they drove motorcycles a lot because gas was 6$ a gallon.

 

I am looking into getting a BMW R65 motorcycle to commute to PA. I would even save the $3 bridge toll.

The only upside to $3 a gallon is that people might get the message that the Republicans haven't done squat for us while being in power over the last decade (well - unless you are talking about tripling our deficet, war, ethical problems with most of the leadership, etc). Look for some major changes at mid-term elections. Bush's "clout" is history.

 

Good article on rising gas prices.

 

Re: Re: Gas $3 a gallon by the end of year.

It´s clear. The higher the demand, the higher the prices. Nice article indeed.

 

Re: Re: Re: Gas $3 a gallon by the end of year.

Yep, Econ 101!

 

There are also a lot of SUVs, minivans, and large sedans over here. $6 a gallon isn't an issue for many.

 

Nope, that's because motorcycles are the only things that can get through our horrible traffic jams.

We're completely used to horrible petrol prices, we've had them for years.

Angela

 

London

I loved London. I was totally enchanted with the city! I thought those SMART cars were cool too.

I can see how motorcycles could also aid traffic.

 

Wasn't there an episode of the Simpsons wherein one extremely green neighbor drove up in a go-kart powered entirely by his own sense of self-satisfaction?

 

Damn. Now I'm wishing even my motorcycle got better mileage. I'm not sure I ever thought I'd live to see that day.

 

Re: Re: Gas $3 a gallon by the end of year.

Er, it's gone up since then, Gregg. In serveral parts of London we're now looking at £1 a litre, which is the best part of $7.5 a US gallon.

Angela

 

Gas in London

Angela,

I thought it would be higher by now but I didn't want to guess at what it was. Thanks for the update.

The British government taxes the gas and their currency is worth about double the dollar last time I checked.

 

Re: Re: Re: Gas $3 a gallon by the end of year.

Out in the countryside (Suffolk), it was $6 on Sunday using the current exchange rates.

 

Hmmmm...

The deficit dropped after the Republicans took over Congress not before. It has risen again mostly because of declining revenues. You are right, I am sure there will be major changes. The Democrats will lose further ground as they are at the disadvatage at the mid-term, numbers wise.

Gas is high because demand is high. Crude oil prices are such a small part of the cost of a gallon of gasoline that doubling crude prices should only raise gas prices about 30%. Doesn't help the tree huggers have forced so many refineries out of business and prevented others from being built. Still, they are primarily high because we demand them to be. It is the product of a market economy like ours....

 

Re: Hmmmm...

Care to wager on that? As the war drags on, gas prices increase, people realize that the Republicans are no more ethical than the Democrats, I think the mid-term elections will show this. Even as a Liberatarian (who did not vote for Feinstein or Boxer in their last elections), I would love to see Delay and Hastert put out to pasture.

You are incorrect about the "tree huggers" (as you call them) and the closing of the oil refineries. But you are intelligent and know this.

 

Re: Re: Hmmmm...

Immaterial as to the war. Almost every Democrat up for election voted for it too (Hillary did). That takes it off their plate as a campaign issue. Redistricting has made it virtually impossible for the Democrats to make any headway in the House and in the Senate the Democrats have serious numbers problems. Sorry, there will be little change. If any it will prbably be in the Rep's favor as the South becomes more solidly Republican. Remember, it is the Red areas providing the vast majority of the soldiers and the casualties. A perusal of where today military shows very quickly there is only a small minority of them from blue areas and they don't vote Republican anyway. The two recent off year elections went Republican. Gas prices first jumped over $2 under Clinton and it didn't hurt him. People know what causes high prices....

 

It's already something like $3.15 a gallon at some stations in San Francisco.

The equivalent of $7.50 a gallon in Britain is pretty appalling. Luckily Britain is a geographically small country with a highly developed public-transportation system. (When it isn't being blown up.)

The US stretches out forever and many of our metropolitan areas developed around the automobile. We have rather crude public transport systems, lots of freeways (motorways) and many people living in exurban areas 50 miles out from their jobs. I'm not sure that the US can adjust as easily as the British can.

Though to keep it in perspective, US gasoline prices in the 1970's energy-crisis were something like $9 a gallon, inflation-adjusted. So we have a ways to go yet to get to that point.

 

Three Dollars a Gallon

Hey, I guess my prediction wasn't so far out. I think it will continue to rise because they are indicating no relief in site.

 

It's $3.35 along the I-15 on the way to Vegas. Baker, I think.

Your right about the price in the late 70's. However, 70%+ of our paychecks weren't going to pay off our mortgages either.