Author Topic: rpm might be right about $3 gallon by Labor day  (Read 1327 times)

Offline Ripsnort

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rpm might be right about $3 gallon by Labor day
« on: August 29, 2005, 08:47:37 AM »
...only because of an intervening Mother Nature. $70 a barrel trading this morning, expected to hit $75 by close.  The U.S. average prior to this storm is $2.60.
http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp

Offline Nilsen

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rpm might be right about $3 gallon by Labor day
« Reply #1 on: August 29, 2005, 09:33:33 AM »
Ouch!

(unless you have some nice stock :D )

Offline Chairboy

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rpm might be right about $3 gallon by Labor day
« Reply #2 on: August 29, 2005, 09:37:16 AM »
I bet the folks at Southwest airlines are giving some serious high-five action to their guy that locked them in at low fuel prices a few months ago.

Anyone read about the various Fischer-Tropf plants that are being considered?  I saw one figure this weekend speculating that $30-35 a barrel wasn't unreasonable for FT gas.
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Offline Toad

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rpm might be right about $3 gallon by Labor day
« Reply #3 on: August 29, 2005, 09:50:32 AM »
With the double bonus of getting rid of all the coal slag too.
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Offline eagl

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rpm might be right about $3 gallon by Labor day
« Reply #4 on: August 29, 2005, 09:54:09 AM »
I'm already paying $3/gal for the nastiest, dirtiest, low-octane crap available in the UK and found only on US bases, but I guess it's better than paying $6/gal off base.  Just replace the fuel filter every 10k miles and use that water remover stuff before and during winter, and it shouldn't cause permanent damage to the car.

And SUVs are still best-sellers, with the power-at-all-costs-but-not-from-my-pocket crowd griping about the new mileage standards Pres Bush got passed that requires pretty much all trucks including SUVs get better mileage in the next few years.  Oh the horror.

There are a lot of people practically holding their breath until the new US diesel standard comes into effect, because the European diesel cars are just awesome.  I have some Danish relatives getting 40 mpg in their turbo diesel mid-size wagon, but if it didn't have a little "TD" badge on the back, I never ever would have guessed it was a diesel.  There was absolutely no hint that it wasn't any other gasoline powered car, from the smell, the sound, the performance...  Nothing but the high fuel efficiency and that little TD badge.  I think it'll open a lot of people's eyes when those suckers can be sold in the US.  I think that when the US markets can use those engines, we'll see some 60mpg turbo diesels on the streets that give the hybrids a run for their money.  They'll be cheaper, won't need new batteries every few years, but will get the same mileage with great drivability and no chassis limitations you might see with a hybrid.
« Last Edit: August 29, 2005, 09:59:22 AM by eagl »
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Offline Gunslinger

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rpm might be right about $3 gallon by Labor day
« Reply #5 on: August 29, 2005, 10:13:29 AM »
I saw an article that on the president of OPEC saying that demand has not outpaced production yet and they are still producing 1.5M barrols more than demand.  They are meeting in sept to help lower prices.

It still pisses me off that these companys got all sorts of tax breaks and they are posting record  profits in the billions.

Offline Chairboy

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rpm might be right about $3 gallon by Labor day
« Reply #6 on: August 29, 2005, 10:24:35 AM »
Gotta wonder if TD powered hybrids might be the next step.  Seems pretty logical, considering that they can run on so many different types of fuel.
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Offline Gunslinger

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rpm might be right about $3 gallon by Labor day
« Reply #7 on: August 29, 2005, 10:39:45 AM »
Quote
Originally posted by Chairboy
Gotta wonder if TD powered hybrids might be the next step.  Seems pretty logical, considering that they can run on so many different types of fuel.


I like the idea of running on vegatable oil

Offline Eagler

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rpm might be right about $3 gallon by Labor day
« Reply #8 on: August 29, 2005, 11:08:28 AM »
french fry grease - we have an endless supply of that

everything cost more today than it did yesterday

wanna know a secret????

it will cost more tomorrow lol

when I drive around town and see that suv's are still 7 out of 10 cars on the road, I realize gas ain't high enough to matter yet

how can you complain as you stand there and pump it into your 15 to 20 mpg vehicle?
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Offline Chairboy

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rpm might be right about $3 gallon by Labor day
« Reply #9 on: August 29, 2005, 11:26:04 AM »
TurboDiesel is the wave of the future.  Whether it's in direct drive or hybrid, I've gotta think that it's ever so much more likely to be the predominant fuel than either Hydrogen or Gasoline, just because of the number of things that can be used by them.

It's funny, as great as Hydrogen is per unit of weight in terms of energy content, it's really terrible in terms of energy per unit of volume.  Hydrogen is big.

The most powerful rocket ever launched, the Saturn V, had a first stage powered by Kerosene and LOX.  They used Hydrogen for the upper stages because weight was so desperately important for payload, but if they had tried to use it for the 1st stage, it would have been even more ginormous then it was, either twice as thick or as tall.

There are new diesel powered airplanes coming out.  When I first heard, I was flummoxed because 'where would you buy Diesel on an airfield?!' before realizing that "oh yeah, a diesel will run on jet fuel."
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Offline Krusher

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rpm might be right about $3 gallon by Labor day
« Reply #10 on: August 29, 2005, 12:14:15 PM »
Bush may tap the Strategic Petroleum Reserve in order to lower the cost of oil.  The Hurricane has made the decision almost a given.

Offline Charon

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rpm might be right about $3 gallon by Labor day
« Reply #11 on: August 29, 2005, 01:07:21 PM »
Quote
I saw an article that on the president of OPEC saying that demand has not outpaced production yet and they are still producing 1.5M barrols more than demand. They are meeting in sept to help lower prices.


This is the first generally demand driven market we've had for a long time. Increasing prices have done little to curb demand and OPEC is surely paying attention. Obviously this particularl spike is an exceptional event, but one that is always looming.

Charon

Offline mauser

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rpm might be right about $3 gallon by Labor day
« Reply #12 on: August 29, 2005, 01:09:29 PM »
I really liked what was being written years ago when the VW TDI engine came out.  I wanted one when it became time to leave my old Rabbit and upgrade, but the dealer supposedly didn't have any.  Of course, two weeks after I get a normal gas-engined Jetta, I stop by the dealer and see TDI-engined Jettas.  Back then (around '98) the TDI's only came in 90hp and 110hp variants (of course we get the 90hp here).   Now it seems VW USA will have a 100hp 1.9L, a 134hp 2.0L, and a V10 (!!!) in the TDI lineup.  

With the infinite wisdom of our local politicians, our state has emplaced a gas-price cap.  Of course it's not a retail cap, it only caps wholesale prices by basing them on prices in the mainland US (Los Angeles indexes I think).   So if they're prices go up, so will ours.  Add the fact that we have at least $0.50/gallon taxes in all of our counties, and an increase in our general excise tax coming soon.  

Oh how I love the way the new Mustang GT looks and sounds... but my budget probably won't allow for the fillups (despite $3/gallon still being cheap compared to $6-$8/gallon elsewhere).  And it would be a pain to load the child safety seat in the back.  Looks like my next ride will be powered by a TDI.


Quote
Originally posted by eagl
...
There are a lot of people practically holding their breath until the new US diesel standard comes into effect, because the European diesel cars are just awesome.  I have some Danish relatives getting 40 mpg in their turbo diesel mid-size wagon, but if it didn't have a little "TD" badge on the back, I never ever would have guessed it was a diesel.  There was absolutely no hint that it wasn't any other gasoline powered car, from the smell, the sound, the performance...  Nothing but the high fuel efficiency and that little TD badge.  I think it'll open a lot of people's eyes when those suckers can be sold in the US.  I think that when the US markets can use those engines, we'll see some 60mpg turbo diesels on the streets that give the hybrids a run for their money.  They'll be cheaper, won't need new batteries every few years, but will get the same mileage with great drivability and no chassis limitations you might see with a hybrid.

Offline Ripsnort

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rpm might be right about $3 gallon by Labor day
« Reply #13 on: August 29, 2005, 01:16:12 PM »
Quote
Originally posted by mauser
I
Oh how I love the way the new Mustang GT looks and sounds... but my budget probably won't allow for the fillups (despite $3/gallon still being cheap compared to $6-$8/gallon elsewhere).  And it would be a pain to load the child safety seat in the back.  Looks like my next ride will be powered by a TDI.


Try the V6 version, sounds great, still looks good, and my wife is getting around 24 mpg commuting with hers. Backseat still sucks though(although a bigger improvement in space compared to the 04's and previous)

Offline Holden McGroin

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rpm might be right about $3 gallon by Labor day
« Reply #14 on: August 29, 2005, 01:26:10 PM »
Quote
Originally posted by Chairboy
Anyone read about the various Fischer-Tropf plants that are being considered?  I saw one figure this weekend speculating that $30-35 a barrel wasn't unreasonable for FT gas.


There's one running in the Powder River basin in Wyoming.

We have several hundred years of reserves of coal and oil shale that could be turned into oil (like about 1000 years) at present oil consumption rates.  I've also read that at $35 to $40 a barrel was the break even point.
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