Don't kid yourself. It's an election year and that is the only reason congress is "going WTF" They know not to bite the hand that feeds them, they get way to much money from big oil to really investigate anything. But they will posture and spew rhetoric about how they will investigate. Nothing will come of it though.

 

They just need to get rid of that mid grade crap and use the same formula in every state. Well, that might help a bit. Other than that, I got nothing.

They said 2 to 3 years at this level too. It's not good. My next car will have to be diesel with my commute.

 

we consume i think the chart i saw said 35% of the oil that is distributed out. i think that is just redicoulus... which goes back to showing how dependant we are on it.. making it so much money. they know we'll pay.

does anyone have that link that talks about the owner of exxon and mobil, and how his company makes something like 144million a day. at this point the government needs to say you cannot raise the price of what you paid more than x % amount. at this point a clamp on the margin is necessary. as it is bringing our country down greatly.

 

Here's something to hit a nerve...If only we started digging 10 years ago.

 

it would still be high... theyd make something up

 

Not to be an ***, but this is all BS. There is a ton of oil, sitting in reserves right now, enough to last 40+ years. So you are saying, in the past month, something crazy happened that drove prices up 50 cents a gallon?

I think not, there is one thing that drives gas prices-GREED. Its partly Opec, and its partly big oil companies.

Every single american oil company reported BILLIONS in profits this past financial quarter. Thats where all the money is going. You can thank exxon-mobil, conoco-phillips, and the like. you can also thank the US goverment for allowing these oil companies to merge, which lessens competition, this driving prices higher, while oil companies reap the benefits. You can also thank the US goverment for not doing a god damn thing about it

 

And how do you know that there are 40 years of reserves? You are an electrical engineer, not an expert on the petroleum industry aren't you? Still, should not you be questioning what metrics "40 years" was evaluated on? I'm not trying to sound like the cigarette guy from Thank You For Smoking, but you just criticized someone else for not perfect facts but did you ever stop to think how good your own facts are?

You are right that the oil companies reported billions of dollars in profits, and in all likelihood the government isn't doing jack crap about it, but that's all just complicated beyond my understanding.

 

Huh? We aren't truck drivers, even if we fill up 3 times a week that's like 12 gallons, 12 bucks difference for me w/ 2.50 vs. 3.50 price of gas. 36 bucks....

Don't go bar hopping for one week and that covers it.
Don't buy a new set of rims and that covers the entire high gas price season.

What's wrong isn't gas prices per se, it's people spending to the limits of their salaries (I'm one of those people sadly) and not being wise about financial planning that's what is messed up.

Granted this is coming off of tax season and people are being hit with a one-two punch there, but STILL increased gas prices should only be problems for people who are living on the edge. I don't think anybody on this board is living on the edge If you are, what are you doing with your subaru?!

 

if gas prices keep going up.... We can all be running 100 octane without thinking "Damn 100 octane is expensive"

 

My vote goes to big oil and American consumers.

 

Can't wait til oil runs out in the Middle East...

1) then we can let it sink in it's own cesspool of ignorance, corruption, and greed while our troops can do REAL humanitarian missions elsewhere (GENOCIDE going on in Darfur right now folks!)

2) we can invest more heavily into alternative energy infrastructure such as bio-diesel, e85, and other renewable resources...especially those that don't suck the soul out of the earth...

3) and lastly, at least for a brief period, expedition and suburbans and tahoes and sequoias--off the road!!!!

 

Just to give a little info, the ONLY type of fuels that aren't fossil fuels are solar, wind, hydro, and nuclear and chemicals made using that energy. If you use coal or gas to make hydrogen, it isn't any better than using gas. And ethanol is a problem because if we use land space to grow the corn to make enough ethanol to provide all our cars, we'd have to use more space than there is in the US to grow it. And we'd have to start importing all grain and farm animals, because there wouldn't be enough space to grow food or cows.

 

What do you think about hydrogen MV?

 

If you can show me that we still have enough fuel in reserves to last us another 40 years. Then i'll believe that the current prices are ****ed. Im not saying that the price rise of 50 cents is because of the shortage of oil, but im just saying that gas prices are going to climb. sure this 50 cent increase is probably not gonna last for long, but when the price drops again, you'll find it to be a couple cent more than before it was raised. The prices on a barrel of crude oil has increase (i read it somewhere but can't be sure of the exact numbers) from $40 a barrel to $80 in the past 2 years. Im guessing that since the price is increasing, it's because that it's getting harder for those companies to extract the oil, because sure there are large deposits of oil below earth, but in order to extract those oil, you would need to pump water into the deposit at the same time that u extract oil, or else it would cause the ground to cave into the oil deposit. But as the oil deposits gets deeper, it is harder to insert the piping to both extract the oil and pump water in. That's why it is so profitable to have an oil mine in the ocean floor. If you think that the government aren't doing anything to prevent the merging of oil companies, and the raise of oil prices, maybe your right. But maybe it's not such a bad thing, maybe it will finally make some of the hummer, and esclade buyers think twice. From what i understand, the big suv sales are at a stand still ever since the gas prices raised up pass 3 dollars last year. And you see hybrids go through the roof. Im not saying it's right for oil companies to charge us these high prices, but when there's nothing you can do about it, then why not look at the positives. And believe me, when we run out of oil, and we dont find an alternative resource, we are F*CKED.


at the current state, hydrogen cells used to power cars are not cost efficient. But as technology advances i think this field will be our future energy source but who knows.

 

I could never see myself driving an electric car if it does not go 5 secs minimum 0 to 60 and has to be cool looking. Look at the bright side, no smog check on an electric car they say.

I am sure it will be the same scenario as mods only electric and we can all get killed imediately if something goes wrong on the set up like acid bath or some other toxic death.