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NEWS: Gas Expected to pass $4/Gallon Soon

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posted on Aug, 31 2005 @ 07:25 PM
"In the wake of Katrina", or so we are told, gas prices are expected to reach and surpass $4 per gallon soon.
Consumers can expect retail gas prices to rise to $4 a gallon soon, but whether they stay there depends on the long-term damage to oil facilities from Hurricane Katrina, oil and gas analysts said Wednesday.

"There's no question gas will hit $4 a gallon," Ben Brockwell, director of pricing at the Oil Price Information Service, said. "The question is how high will it go and how long will it last?"

Please visit the link provided for the complete story.

I think it's time that the leaders of this great nation, including our local and state leaders, put their collective foot down on gas prices. I think every state should put a cap on gas prices. It's starting to get reduculous.

What I don't understand is that if gas prices are so high, why are oil companies showing RECORD PROFITS?

For example:

Exxon said "net income totaled $7.86 billion, or $1.22 a share, up 44% from $5.44 billion, or 83 cents a share, a year earlier." Additionally, they're looking at what to do with the $40 BILLION windfall they have.

Shell reported a 40% increase in profits, totaling more than $6.8 BILLION.

ConocoPhillips, the nation’s third-largest oil and gas company, said that FIRST-QUARTER earnings soared year-over-year on high oil prices…. Total revenue was $38.9 billion, up from $30.2 billion last year".

(Not to mention the billions that were tucked into the energy bill)

Since they have these humonguus windfalls, why don't they turn around and give these back to the people "in the wake of Katrina" in savings at the pump? Doubt that will ever happen though.

Related News Links:

posted on Aug, 31 2005 @ 07:32 PM
It cost me $78.57 to fill up my truck today... it was $3.08 per gallon.

This is insane.. but it seems to be tied to the new reality of New Orleans.. one of the four largest commercial shipping ports in the world.

Maybe its time to get that motor bike I've been dreaming of.

At these gas prices it would pay for itself in time.

posted on Aug, 31 2005 @ 08:44 PM
I'm probably never going to learn to drive at the rate of these prices. Chances are I'll be riding my bike for years. I agree that the goverment needs to put it's foot down on these gas prices, it's literally strangling the economy because nobody wants to travel. And it's not like the oil companies are on the verge of bankrupcy here.

posted on Aug, 31 2005 @ 08:58 PM
This is not surprised I have the feeling and had predicted more than onces that the goal is to reach 5 dollars.

If we take it with not problems that is the way is going to be.

Now the advantage is the damage to the gulf coast to pushed even more.

The target is 5 dollars.

posted on Aug, 31 2005 @ 09:25 PM
I know that gass prices are outragous, but I didnt even think about "a possible stoppage in shipments before too long". I dont even want to think about what could happen if we are short on gass. I never thought of how they got the gass here, I just knew that some big truck came every so often to fill them up. It didnt dawn on me that they take it up the River.

Gasoline Starts Rising Above $3/Gallon For Regular Unleaded
Kansas City, MO - Although anticipated, it's still a bit of a shock to see gasoline prices over $3/gallon. But that's what happened overnight in Kansas City, as stations started raising their prices on fears of production problems relatd to Hurricane Katrina. One station Westport hit $3.09 for regular unleaded. A station manager in Smithville said his prices would go to $3.20/gallon, with a possible stoppage in shipments before too long. With the port of New Orleans closed, gasoline normally traveling up the river must find another route.

This was on my local fox 4 web page.

[edit on 31-8-2005 by mrsdudara]

posted on Sep, 1 2005 @ 01:37 AM
It was $3.17 a gallon here BEFORE Katrina. I'm not sure what it's up to back home now, but I heard it was pushing $3, probably higher though, we've always been the highest in the country. I'm sure Molokai is way over $4 already, with their two gas stations. They were over $3.50 before the hurricane.

posted on Sep, 1 2005 @ 02:13 AM
Look at the rigs that could be gone

posted on Sep, 1 2005 @ 02:30 AM

Originally posted by cyberdude78
Chances are I'll be riding my bike for years.

Not a bad thing you know
There are tools out there to add powered assist to your mountain bike(if that is the type of bike you have that is)

[edit on 1-9-2005 by sardion2000]

posted on Sep, 1 2005 @ 07:11 AM
You never know, it could come down to people deciding that they dont' need to take 5,000 lbs. of steel with them to the store to get milk. I'm not saying that you won't need cars for commuting to work and such, but driving a humvee down the street to get a slurpee at 7-11 is going to be a thing of the past eventually. A bicycle or an electric assist bike such as the one you mentioned might not be a bad idea.

posted on Sep, 1 2005 @ 07:43 AM
Your all lucky, in the uk were paying between $6.80 and $7.50 for a gallon.

posted on Sep, 1 2005 @ 07:47 AM
CNN reported this morning that 2 gasoline pipelines that run between Louisiana and N. Carolina are down due to the hurricane and that's why the are running out of gas in the southeast part of the country. Some gas stations were selling it for $6.00 a gallon, and other stations are out of gas. This is causing a run on gas, and people are lining up to get it while they can. Could not find a link, this was reported on TV.

posted on Sep, 1 2005 @ 07:52 AM
America is spoiled and has been for quite sometime.
Been living high on the gas, oil, and fuel hog for ages.
Time for a reality check and the realization that you can not have everything as you so deem or desire.

I hope gas prices continue to climb even higher than $4 a gal.
Time for the automakers, the government, and most of all, the American people to realize that they cannot continue to be fuel gluttons by driving those big V-8 gas guzzlers with their AC's on down the road at 70 miles an hour and expect to get 35 miles to the gallon. I fondly remember the gas/energy crisis of the 70's and the temporary repercussions it caused in the US and within the automaking industry. As an American, looking forward to another go-round.


[edit on 1-9-2005 by Seekerof]

posted on Sep, 1 2005 @ 08:19 AM
4 dollars a gallon is cheap by first world standards, serves you right for buying a hummer. live with it or buy a smaller car and roll your windows the hell can the gov. but a cap on fuel prices in a market economy, if it's too expencive don't buy it, walk for a change, might shift a few pounds.

posted on Sep, 1 2005 @ 08:20 AM
The way to make gas go down is very simple. All you have to do is not buy gas for three days. It has to be everyone around the world or atleast in the country that it needs to go down in. I think that if everyone just didn't buy gas for three days the price would drop and if it went back up everyone just not buy it again untill it drops

posted on Sep, 1 2005 @ 08:21 AM
We Americans are spoiled with opportunities. It is because of those opportunities that most choose to continue their education, and recognize all the endless possibilities in life. We see what we want, work our butts off, and get it. That being said, I too hope that gas prices rise over $4 a gal. . That will motivate a nation full of inteligent, and creative people to find alternitive forms of energy. No we wont give up our toys, we will just find a new way to make them work. The higher gas prices soar, the sooner it will happen. All because we are spoiled with opportunities.


posted on Sep, 1 2005 @ 08:32 AM
6 bucks a gallon

I just came across this little piece I'm glad I sold my big black Dodge when I did, mind I sold it in 2002 then at 70 cents Canadian, a litre that worked out to about 85 dollars a tank.

WSB-TV in Atlanta confirmed to WND that a retailer in a rural area outside the city had priced its gas at $5.87, and the TV station indicated it had another unconfirmed report of $5.99.

[edit on 1/9/2005 by Sauron]

posted on Sep, 1 2005 @ 08:34 AM
Hold up, you can't just say that we should have to pay higher prices because a few of us went and bought Hummers. Now sure they're not helping, but a lot of us are a lot more modest than that. I hate it when a few twats go and represent the whole country.

Now I don't mind riding my bike around town, in fact I've been riding my bike a lot lately in order to get in shape for when I can't get a ride to places out of town. But the fact of of the matter is there aren't a lot of good job oppurtunities in my small town. And there is no way I can commute twenty miles one way by bicycle and expect to be on time short of waking up really early and then getting past rush hour traffic. That and unlike some places, there is no public transport within fifty miles of me.

I feel a lot of sympathy for Europe, and I realize that those Hummer driving twats aren't helping. But some people in areas like mine need low gas prices, otherwise the economy shatters. Figure, if nobody in my small town wants to drive anywhere they don't spend anything or make anything. It's a commuter world.

[edit on 9/1/2005 by cyberdude78]

posted on Sep, 1 2005 @ 08:48 AM

I hope gas prices continue to climb even higher than $4 a gal.

Hey thanks Seekerof. Appreciate the support. I would rather not see gas get that high only because $4 will be the threshold. It is when the bottom will drop out of the economy. There will be MAJOR spending changes.

I am sure that the rest of the World will be happy when the largest importer of goods has dramatically changed its spending habits.

Also, since we have the largest buying power (I don't know how having a large budget deficit) we will go other places to get oil. We always find a way.

When there is a dramatic change in our economy the rest of the world feels it to.

The way to make gas go down is very simple. All you have to do is not buy gas for three days. It has to be everyone around the world or atleast in the country that it needs to go down in. I think that if everyone just didn't buy gas for three days the price would drop and if it went back up everyone just not buy it again untill it drops

That would be cool. Acutally I might agree to that except for the fact that millions of dollars would be lost with companies that need oil/gas to work. It would effect peoples daily lives and jobs...even if it is only for three days. Plus three days may not change the price that much. In order to really ensure lower prices for oil we take a year and not buy oil for any consumption but only to stockpile. But we all know that could never happen.

[edit on 1-9-2005 by Timcouchfanclub]

[edit on 1-9-2005 by Timcouchfanclub]

posted on Sep, 1 2005 @ 09:09 AM
is that its not only the gas guzzling Hummer drivers that will be affected by this. If it were, me and my little Escort would be happy as we could be but there is another side to it folks.

You may ride your bike downtown and be spared the price of fuel. I don't blame you. I love riding my bike and just put a new Schwinn in layaway.

But, how will you feel when you park your bike, walk into the store and discover a gallon of milk is 10 dollars, a loaf of bread 8 dollars, and you local starbuck's coffee is 12 dollars a cup? Thats the thing I hate about these extremist who only seek to punish people they think have it coming because they have worked and earned more in life. Everything that hurts them hurts us all. Wake up morons, those trucks burn ten times the fuel as the SUVs do to bring your groceries to you. The price of fuel will reflect in every service we have from food supply to utilities to emergency and medical services. Most ambulance companies I know of already operate close to the red and pay minimum wage anyway. Most will go out of business because they can't seem to transport patients on bikes.

I don't mind to park my Jeep and drive my Scort. I like to save miles on it anyway but it really doesn't help me much if I can't afford groceries once I get there.

I think a good idea would be to let non-commercial travelers bare the brunt and give over the road haulers a break if the price of groceries stay low. Those of us who live rural and have long commutes should not punish those who do not. I can pay 4 bucks per gallon if supplies and utilities stay reasonable. I want to go on record as saying that I do not not think this storm or any crisis which we were told existed before hand is the reason for this hike. Its purely a profit scheme making those oil shieks and oil barrons richer by the minute. They are raping us and I accuse they were actually glad to see Katrina because it gave them an excuse to stick to us.

Most of their refineries will be rebuilt by insurance policies and they still pass off the cost they they never will incur to us.

posted on Sep, 1 2005 @ 09:26 AM
It's all well and good to wish for higher gas prices.....but please remember who it will hurt!!!

Those rich folks who pamper themselves and drive hummers will be able to pay $6 - $7 a gallon.......the people who will be hurt are the old and the poor, not the spoiled , but those who were already pinching every penny.

I already drive a civic....get almost forty miles to the gal.....half a tank cost me $20 bucks yesterday. I have to visit my mother in a nursing home 23 miles away.....I've already gone from going everyday, to every other day, now ever third day.....soon it will be once a week. ( and I have tried to get her moved closer, but as you may find out one day, nursing home adminstrative people are rarely sympathetic to a family's need....and my house would require extensive work to accomadate her needs, before I could bring her home.)

My husband is also a near invalid, his disability allowance is our only income....I had given up my last job when my mother had her first stroke, now with two of them to care for ,( and being older and therefore less likely to get hired for zip ) my chances of extra income are slim. ( and don't suggest I could cut back by letting the internet go....this is my son's computer that I am using. )

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