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Robert said:Yeah, I figured as much. Prices always go up when a hurricane hits the gulf coast, even if it doesn’t impact the price of crude. I was very surprised when the DOW, S&P, and NASDAQ closed in the green yesterday. I would expect investors to be very nervous today.
Motokid said:...it all reaks of profiteering....
Robert said:I think so too, at least in part. I know the storm will interrupt production, and that will increase oil prices. Any idea if there are any oil refineries that might have been impacted by the storm?
Motokid said:I'm sure some refineries are effected, but what percentage of American oil comes from the Gulf of Mexico, in that specific area effected by the hurricane????? And if that smaller percentage of rigs and refineries can cause a 20 cent per gallon increase in gas across the entire country/world.....it just reaks from what I can understand....reaks....
Disagree, don't blame the environmentalists. We need to lessen our dependence on oil.Robert said:While I would agree that 20 cents per gallon seems to reek of profiteering, I recognize the fact that we don't have enough refineries in this country, and the loss of even one has huge impacts.
The environmentalists need to stop preventing the building of additional refineries.
Based on the traffic I saw while driving over 540 miles on two seperate weekends this month the price of gas is not keeping people from traveling. I got stuck in a number of traffic jams on Interstate 95 and the volume of traffic was pretty intense most of the time.muggle said:We need to lessen our dependence on oil.
Motokid said:Based on the traffic I saw while driving over 540 miles on two seperate weekends this month the price of gas is not keeping people from traveling. I got stuck in a number of traffic jams on Interstate 95 and the volume of traffic was pretty intense most of the time.
By the way...my mini-van got 22 mpg with the a/c on and an ocean kayak strapped to the roof....I thought that was pretty good milage....for a mini-van...
This country definitely needs some intense incentives for both manufacturers and consumers to lean towards better feul economy. Tax breaks for buying/making hybrid cars. I learned that bio-diesel autos can run on cooking oil. That would be cool. Your exhaust smelling like a fry cooker.....
leckert said:French-Fry exhaust would be cool! I really think Hydrogen is what's coming, though. We have a "test" hydrogen refueling station here in DC now.
Hydrogen would be awesome! Best alternative I have seen yet.
http://www.ca.sandia.gov/crf/research/combustionEngines/PFI.php
muggle said:Disagree, don't blame the environmentalists. We need to lessen our dependence on oil.
sirmyk said:I think they're prepping for Labor Day weekend...
Be prepared to see $3.00 per gallon in the very, very near future.mehastings said:That's a big increase for one day.
Robert said:At this rate, it won't be long before it will cost the same to fill up my bike as it used to cost to fill up my Chevy.
the guys on the news are all predicting at least another 15 to 20 cents over the next day or two.