TVL65

Gas station owner told me that gas is DEFINITELY going up to nearly $5 a gallon for regular by summer so that means SUPER will be OVER $5!! It's gonna cost me nearly $70 to fill my TLS up!
I'll think twice before I buy another vehicle which requires super. Time to ride my Triumph Thunderbird more.

ionojimbo

lol guess it time to hop on my 12 speed cycle with a flat -.-

esco115

Damn... So who wants a F150? TL-S? 500+whp DC2???? fuk my life!!!

03tLsNBP

iTrader: (9)

would a gas station owner really know this information for sure?

i feel like gas prices this summer depend more on the unrest in the Middle East and if it escalates further.

also $5 a gallon is a bargain compared to the $10 a gallon they pay in the UK.

av2600

iTrader: (1)

i'll probably slow down if this happens

Aretardedorange

iTrader: (2)

Regular TL also requires super....LOL.

VQPower37

true ... we all will be getting raped at the pump

rhafikjaan

gas prices always go up in the summer because people travel more.

ntmera

I highly doubt we will hit $5/gal. The US has fuel reserves stored that we can access in case prices get too high. I think we'll start tapping those pretty soon.

rhafikjaan

i put in super for $4.43 a month ago..

03tLsNBP

iTrader: (9)

where was this?

Derk's K24

^Some spots in DC near the Watergate were about $4.55 a month ago as well

AirForceFX

Gas is cyclical, like A/C is during the summer versus the winter.

It will spike, and then fall. While it's on the rise, demand will drop as people seek alternative forms of travel, thus forcing the price back down.

There's no shortage of oil. Don't let anyone lie to you. Yes, it's a limited natural resource, and we are using a lot of it, but this planet has far larger stores. Also, just so you know, diamonds are the most abundant mineral on the planet, they're only insanely expensive because one conglomerate owns them all.

rhafikjaan

it was in Manhattan, NY

cpm06wdptl

That's exciting It costs me $70 to fill my truck up now. I guess I'll be in the triple digits at the pump soon!

speedytypes

you guys whine too much! Here in Canada I usually just hit the $75 prepay option on the machine and that is no longer enough to fill my tank. Regular has jumped to $1.29,5per liter. thats about $1.47.9 for Super. Its killing me slowly

Jesstzn

I just scoot across the line to Wa. state where its $1.01L Can for reg.

CLtotheTL32

iTrader: (3)

They say this shit every year. Nothing new.

08A-SPEC

iTrader: (3)

Having to use premium cost between $3.5-5 more per tank when we are talking about a 17 gal tank. Having a car that uses premium isnt going to break your bank over driving a similar car with same gas mileage that uses regular gas.

garrett

bingo..... this is another reason im glad my work gives me a fleet card to cover my gas in both my work vehicle as well as my personal vehicle.

VQPower37

^ where do u work?

anx1300c

iTrader: (2)

LOL, like gas station owners receive some top secret report from the government regarding the future of gas prices, when in reality nobody knows for sure on a day by day basis.

Bearcat94

Sorry to burst your bubble, but it doesn't work that way (at least not that I've seen).


When gas is "cheap" 91/93 Premium costs ~$0.15 or $0.20 more per gallon - thats about $3 per tank full.

Then, when gas is "expensive", it still only costs ~$0.15 or $0.20 more per gallon. And that's still only a few bucks per tank full. (Technically it's cheaper - percentage wise - to run premium when gas is "expensive").



You want to save gas money, buy a 40 MPG car, not a 25 MPG car that runs on regular.

Bearcat94

No.




Lets look at what people are paying TODAY for Gasoline over the summer, shall we?

May Futures: $3.17 per gallon
June Futures: $3.15 per gallon
July Futures: $3.13 per gallon
August Futures: $3.11 per gallon.

That tells me that no MAJOR spike is expected over the next couple of months.

http://futures.tradingcharts.com/marketquotes/HU.html

Dino81

I watched some shit on the news, and the gas prices are high now because of "speculation".....a bunch of "what ifs".....nothing to do with unrest in the middle east (libya supplies 2% of the worlds oil and are something like #12 on the list of exporting countries)or supply and demand. There is more supply than there is demand right now....oh..and I just think big oil tycoons are too greedy.

remember when oil hit 5 a gallon a few years ago?? IIRC it was mobil-exxon that posted their biggest PROFIT ever!

Joelito2983

You guys are complianing but ive been payin for gas well over $5 dollars for the last six months down here....(DR$208.00/$37.00 dolar=US$ 5.61)

garrett

im the operations manager and resident captain for a marina right by my house.

kevohanson

hopefully they will start accepting my foodstamps soon, my wife gets tired pushing me around the block in my TL

murph145

um this really tells us nothing cuz gas futures are traded daily on the market meaning they fluctuate all the time!

those futures can go up 5% or down 5% in a day just depends on the news being fed in from the middle east.... just cuz it says August futures are $3.11 means nothing that just means what it is as of "right now"

murph145

exactly its all pure specualtion on the market end... these days commodities are traded freely on an electronic market with very little restrictions meaning anyone can trade and push prices around... people are "betting" that there is going to be continued unease in the middle east causing supply interuptions which cause increase in price.... as of now all this increase is just money in the producers pockets and in those who have been long gasoline on the commodity markets.... just like gold, silver, cotton, coffee and all otehr commodities are at record levels all because anyone can trade them on the market.... as with gas one RBOB contract allowas you to control 42,000 gallons of gas with an initial margin of only $6,750 dollars in your account meaning you can make (or lose) some serious $$$

its all BS

ocdp

First gas prices, then food and commodities, then cotton and manufactured goods, then mass protesting, then mass rioting.......

jpgayan

Three dollars per tank to have a car with some oomph? Sounds worth it to me, regardless of how much gas costs. I'll drive a Prius when I'm old and am too senile to remember how much fun it is to take corners at the limit of adhesion.

Steven Bell

iTrader: (2)

Guys, any way you look at this, the price of fuel is just too damn high anyway. I've been told my many that petroleum experts want the US to catch up with oil price around the world (around $5.00/gallon). It sucks-the price of petroleum should be about $60 anyway (instead of $108/gallon now).


2011 National AcuraZine Meet-Kansas City-June 12, 2011-Details Here!


.

Bearcat94

It tells us people buying/selling TODAY for summer delivery don't expect the price to be very much different in a couple of months. IF the sellers expected the price would be MUCH higher, the future price would be higher.

The options are perhaps a bit more telling with some options buyers hedging in the $3.50 - $4.00 range.

But there is nothing much above that. Which means even those that think price will go up quite a lot, don't expect to pay more than about $3.75 - $4.00 in June, July and August.

Even with excise tax in most states, that won't reach $5, let alone over $5.

murph145

^ just look back at gas futures cost back a month or two ago it was $2.25 gallon at the market whole sale price so u mean to tell me just because it says $3.11 now that it can't go up much?

how do you explain gas going from $2.25 at the market 1-2 months ago to now $3.16 at the futures market??

obviously it can go up and its all determined on the news media supplies us with... market players use this news to either buy or sell ...

yes i agree as of "today" the market sees gas stabilizing at this new price range of low $3's but that means nothing for tomorrow... if all the sudden civil war broke out in Saudi you would see oil and gas skyrocket so that just disproves your futures analogy

i watch the market every day and have a trading account so i see the fluctuations

SpiderX1016

Will this affect my base TL? I searched and couldn't find anything.

paperboy42190

iTrader: (7)

so sad about the gas price increase....i gotta drive a lot cuz i need to go to school which is about 9 miles away everyday, and back and forth from riverside to LA every weekend... :/

murph145

i drive 25 miles each way to work so at least 50 miles a day then i always drive when me and the girl go out and then when i have to go look at projects for work i have to drive to see those needless to say i have 80K miles on my car already

A SiQ TL

Nice perk!

Winter gas

Bearcat94

What you say is correct. And market prices (options and futures anyhow; spot prices, not so much) are based on expectations. The bump in price over the past couple of months was to account for Libya, etc.

The market does not account for UNEXPECTED events: the destruction of a major refinery, for example, or a major disruption in oil supply.

You also need to keep in mind that much of the oil that will make gasoline for the next couple of months is enroute. It's already extracted and sold. So that price and expected supply need is stable (assuming demand forecasts are close).

IOW - there is currently an expectation that supply is stable over the short-term.

Could that change significantly? Yes. As of today, is it expected to change significantly? No.

So, if supply is not expected to change siginificantly over the next couple of months, how does the station owner in the OP "know for sure" that prices will hit $5+?