Is Gasoline going to $6.00 a gallon?

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posted on Jun, 8 2008 @ 09:18 AM
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reply to post by orionthehunter
 


Like you said orion we are not the only country feeling the pinch when it comes to high gas prices around the world. Here is an article from The Sun News World that will shine some light on the matter of the high prices in Europe and especially Turkey. One of the biggest problems we are facing as a nation is the continual shrinking dollar when it comes to buying foreign oil. If we are going to continue using gasoline and diesel we must drill domestically especial when it comes to the shrinking dollar. Rik Riley

www.edmontonsun.com...




[edit on 8-6-2008 by rikriley]




posted on Jun, 8 2008 @ 10:47 AM
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Originally posted by orionthehunter
I expect both gold and oil prices to go down sometime over the next 2 to 3 months.


I'm curious what you're seeing to prompt that analysis OTH.

When Gold peaked in March above $1030...oil was trading at $110bbl. Subsequently, Gold retreated to the $850 area...while oil continues to set record highs now pushing $140. This illustrates that while the pair tend to move in lock-step against the Dollar...there are periods where they diverge.

The Gold/Oil Ratio [40yr] historical average is 15.2. As of Friday's market close, the ratio stands at 6.49...i.e...roughly six and a half barrels of oil will buy 1oz of Gold. This persistent, and extreme divergence from the mean tells me that pressure is building for an upside move in Gold...deepening problems in the banking sector may be the near-term catalyst. Interesting week ahead.

I doubt anyone can predict the precise top in this oil run...but I think I'll see $160...before I see $120 - $125.





posted on Jun, 8 2008 @ 11:13 AM
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reply to post by OBE1
 


Thanks for the info on oil and gold prices now and in the future. I have to lean in your direction where oil prices will head and if we get one hurricane in the gulf, a nuke goes off somewhere and Israel or the U.S. attacks Iran I believe we could see $300.00 a barrel for oil and over $15.00 a gal on gas and more for diesel. If a war starts with Iran and the U.S. and Israel and nukes are used gold could sore to $2000.00 an ounce. Rik Riley



posted on Jun, 9 2008 @ 04:49 PM
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I talked of what I thought NASA would use to fuel the man driven compression engine vehicles on Mars and that was compressed air. Now India is getting ready to market a line of cute compressed air vehicles that can go up to 68 mph. and 125 miles on just $2.00 of compressed air on this God's green Earth. The big question will the powers that be allow the vehicles manufactured in India to enter the U.S. market place? I say dream on and are you kidding me something to free the people from the bondage of oil and gas. LOL

Maybe I spoke to soon click on update: Air Car Coming to U.S.- with 1000 mile range. Now you know why the gas companies are trying to gauge every dollar out of the consumer because they know their gig is soon up. Rik Riley

www.popularmechanics.com...



[edit on 9-6-2008 by rikriley]



posted on Jul, 11 2008 @ 12:31 AM
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reply to post by anti us gov
 


But in Europe, their medical needs are covered by the state. The middle income person in Europe is not waking up in the morning trying to decide if today he will eat, or have medicine, or maybe have to walk walk to work.

There are state imposed taxes on those who spend. For instance, eating in a restaurant has a surcharge. Those who can afford to eat do so, others don't. But no one suffers the indignities of our rotten health care system. Here the middle income person is paying 15 % to a social security fund he'll never get payouts from. He pays at least 18 % in fed tax. While the hedge fund manager pays only 15 %.



posted on Jul, 11 2008 @ 09:44 AM
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Originally posted by TrueDelphi
reply to post by anti us gov
 


But in Europe, their medical needs are covered by the state. The middle income person in Europe is not waking up in the morning trying to decide if today he will eat, or have medicine, or maybe have to walk walk to work.

There are state imposed taxes on those who spend. For instance, eating in a restaurant has a surcharge. Those who can afford to eat do so, others don't. But no one suffers the indignities of our rotten health care system. Here the middle income person is paying 15 % to a social security fund he'll never get payouts from. He pays at least 18 % in fed tax. While the hedge fund manager pays only 15 %.



Give me one persons name that has been denied emergency or medical care in The United States of America. Name one person in The United States of America that is starving to death. How many individuals have been denied medicine in The United States of America? Is it against the law to walk or ride a bus to work?

In Europe and Canada how long do you have to wait for a appointment for a doctor and how many in Europe are denied proper health care if the state sees fit? Leave it in the hands of the state or leave in the hands of you the citizen of The United States of America.

So if we leave it in the hands of the U.S. government to control and manage the Nationalized Health Care System what do you think will happen to the money you pay in taxes for the services? Will the government dip into the money or funds like they have Social Security that was absolutely not to be touched other than for retirement benefits? How many doctors in the U.S. would retire early because of the pay cut they would take when the government pays them what they deem fair for appointments and procedures? How many doctors will move over seas and practice in countries with free enterprise and not to be government controlled what they are paid in their practice? Will there be more of a shortage of doctors and nurses if nationalized medicine passes in the U.S.? You can take it to the bank. Rik Riley



posted on Jul, 12 2008 @ 10:19 AM
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Gas prices still rising oil at $147.00 a barrel this is insanity. Add on Hydrogen fuel cells under your hood of your car looks to be a quick fix since the car makers are lagging behind. The Cyclone Engine shows great promise and can burn any type of fuel. I have faith in Americans ingenuity to pull us out of this dependence on oil.

www.cyclonepower.com...

Rik Riley



posted on Jul, 13 2008 @ 07:03 AM
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Question regarding crude price vs gas price....?

I've heard on several economic radio programs that
The crude oil price that you see every day is a futures price.
By the time the gas refined off that crude hits the market will be
3-5 months.
So gas currently at ~$4.00/gal is based on ~$100-120/ barrel.
With oil at $147 gas should go up to ~$5.00.

I can't find a info on this relationship.
I did find a historical price chart

inflationdata.com...

If you use the ratio of the chart
$20bar = ~$1.00 gas
$40bar =~$2.00 gas

~20:1 ratio

Does that put $80 bar ~ $4.00 gas?

$160 bar ~ $8.00 gas???

Any info appreciate. Thanks

So will



posted on Jul, 13 2008 @ 10:15 AM
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reply to post by Pinktip
 


You are not to far off on your oil futures calculations and there are many schools of thought on how to predict oil futures depending on world situations at the time, what expert and what day you speak with them. You are a little high on your calculations with the present trend of gas prices to the price of oil per barrel. This is what was happening back on May 6th, 2008 on fears of oil running up to $200.00 a barrel.

biz.yahoo.com...

Rik Riley



[edit on 13-7-2008 by rikriley]



posted on Jul, 13 2008 @ 11:41 AM
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I'm just making an educated guess on (and if there is) and actual ratio
of Barrel Crude price to Gallon Gas price...

Still my real question is......Is the current oil price a futures price and will gas rise to reach it in several months? or does gas move with the oil price on a daily basis?
Any info appreciated.

Thanks


[edit on 13-7-2008 by Pinktip]



posted on Jul, 13 2008 @ 04:40 PM
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reply to post by Pinktip
 


Hi Pinktip, I have come across some figures used by Zeal Speculation and Investment. This will better give you a better understanding about the comparison of the price of oil per barrel to the price of gasoline per gal. at the pump.

www.zealllc.com...

Rik Riley



posted on Jul, 13 2008 @ 04:55 PM
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Have no Fear.....when dubya is so Near

Like it or not.....Oil swallowed the Pfizer pill "Viagrab" and is on a High-Rise mode, Yes.....Gas will soon be $10 per gallon

Read this Link to know your Rights, Your Rights have been Auctioned Off.


While doing this, remember that it only takes 10%, sometime less, sometimes more, of the stock to "control" a widely-held corporation. Especially when management and insiders show little or zero ownership. They, as hirelings, simply take their marching orders and their large paychecks, and everybody else be damned. If they show any conscience about what happens to their employees or customer base, they are simply replaced by another "aggressive leader." Be sure to click on the company's stock letters to check on these "Key Executives," the sums they were paid last year, and the stock options they cashed.

Another problem we're facing now is the growth of private-equity groups, which don't have to make the same disclosures as the publicly-held groups. This is why they keep gaining up on the SEC to "prevent" disclosure and accountability. This story appeared September 1, 2006:
Buyout Firms Join Lobbying Efforts.

Have no illusions that they are simply another type of "Snakes In Suits."


greatreddragon.com...



posted on Jul, 13 2008 @ 05:07 PM
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reply to post by Dubyakadubla
 


The word lobbying is the key word our Congress has sold us out to the oil lobbyist. Better yet lets call the buyout firms and lobbyists snakes in the grass with suites.

Thanks for the post it gives us all a better insight of how we Americans are being sold out to the highest bidder. Rik Riley



posted on Jul, 13 2008 @ 05:23 PM
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www.zealllc.com...
 



Thanks Rik!.

So according to the last chart, Gas is really lagging to Crude price. So @$147 Crude, Gas should be easily $5/gal and Diesel $6/gal

This has crazy implications for gasoline prices. If oil can consolidate near $120 like it did near $100 between November and February, then we are looking at seriously higher gasoline prices approaching. $120 oil divided by just the average OGR yields wholesale gasoline of $3.36. This is 7.7% higher than this week, a move that will be passed on to retail. This scenario would drive average retail prices near $3.90.

But it is not merely this ratio’s average that an extremely high OGR tends to revert to, but its support near 27. At $120 oil, a long-overdue OGR support approach would mean $4.44 wholesale gasoline! This is 42.3% higher than this week’s price. This would translate into a $4.99 average retail gasoline price across the United States! If today’s gasoline prices bother consumers, imagine sentiment at $5+! Ouch.

Of course oil may very well correct too, Wall Street is sweating bullets praying for such an eventuality. But since gasoline prices are so far behind crude oil, even a correction doesn’t offer much relief. Bull to date, oil’s average major correction is 21.8% over 2 months. This would take us to $97 or so, which is incidentally just about where oil’s 200-day moving average would be by then. 200dmas usually offer strong support in ongoing secular bull markets.

Anyway, at $97 oil after a major correction if the OGR still contracts to 27 support as it ought to, a barrel of crude will cost 27x as much as a gallon of wholesale gasoline. This works out to $3.59, or 15.1% higher than today’s gas prices. This would translate into $4.12 or so at the retail pumps! So probabilities favor higher gasoline prices even if oil corrects hard. And if crude oil instead continues powering higher, then all these numbers are far too conservative!

In this election year where Republican socialists compete with Democrat socialists to see who can bribe the most voters, retail gas taxes are a big issue. But even if by some miracle they are repealed, they are still largely irrelevant to this analysis. The federal gas tax is only 18.4¢ per gallon (state taxes average another 28.6¢). Percentage-wise the federal tax alone is fairly immaterial at $4 to $5 gasoline.

So we haven’t seen anything yet in terms of retail gas prices. Gasoline just has to rise until it is reasonably profitable to produce again, or else less and less will be refined. And lower supplies drive up prices. This final chart, which is what started me down this thread of research in the first place, highlights the recent low-gas-relative-to-oil anomaly. Its axes are zeroed to ensure no visual distortion of the data relationships.

Around this time last year, gasoline prices got ahead of oil on lower supplies relative to demand. This is when the refiners were enjoying the stellar $30+ per barrel crack spreads. The post-Katrina OGR low, 26.7, was actually hit a year ago this week. But such a hyper-profitable situation for gas refining couldn’t persist, as refiners rushed to distill out gasoline in order to reap the unsustainably fat profit margins.

So gasoline prices started grinding lower despite rising crude in the late spring and summer of 2007. In early September, when oil surged, gasoline remained flat. This is when it started to lag crude oil. By late February 2008, the gap between gas and crude oil grew wider. This is what drove the zero crack spread in mid-March, when the costs of producing gasoline exceeded the price it could fetch in the US markets.








[edit on 13-7-2008 by Pinktip]



posted on Jul, 14 2008 @ 06:21 PM
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reply to post by Pinktip
 


All good points on the correlation of gas at the pump and the price per barrel. I look for oil prices to start to decline within the next 24 months for the reason hydrogen ad on fuel cells will be available on a massive scale saving the consumer up to 40% on the gasoline bill at the pump because of increased gas mileage savings. If the democrats get in we will go back to the 55mph on the Interstate Highway System only cutting consumption of gasoline by 2%.

Many companies are selling the plans on how to build the hydrogen fuel cells and many companies are starting to manufacture them now. These hydrogen fuel cells will cost the consumer with the average ad on being with installation from $500.00 to $1200.00. Diesel conversion will cost much more but worth every penny.

We will hit spikes in gasoline and diesel prices of course when it comes to hurricanes and terrorists acts around the world. If the Cyclone engine is readied for production this will help even more because it can burn any kind of fuel you can think of and is lubricated with water, needs no radiator and you will need no transmission like being used in your car today and is powered by steam plus incredibly efficient. The new compressed air engines will most certainly make a dent as well as the new electric and hybrid cars when it comes to gasoline consumption. Look for China, Russia, and India to go to these new fuel savings devices. Rik Riley


[edit on 14-7-2008 by rikriley]



posted on Jul, 14 2008 @ 07:33 PM
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Finally somebody with some brains speaks up and says what most of us are thinking. He is called Joe American check it out and do not miss this.

www.youtube.com...


[edit on 14-7-2008 by rikriley]



posted on Jul, 14 2008 @ 08:16 PM
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Oil prices hit $145.00 a barrel today after record high last week of $147.27 a barrel. This equates to higher prices at the pump. Folks Joe American has a plan watch the video www.youtube.com...
Rik Riley

[edit on 14-7-2008 by rikriley]



posted on Jul, 15 2008 @ 08:26 AM
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Sweet crude for August up $1.30 a barrel to $146.48 if the present trend keeps on track $6.00 a gal. gas is in the near future as $5.00 a gal. gas is a reality just around the corner.

www.youtube.com...

Rik Riley



posted on Jul, 15 2008 @ 10:18 AM
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I just heard on Glenn Beck radio show, Quoting from a refinery insider,
that the lagging gas price is do to the fact that oil comapnies are making their money off of Jet A and holding gas low. When the airlines collapse, then to make up that deficit , gas goes thru the roof.......

To me, this situation is showing itself more and more to by design of the PTB then by an anomolie...........02c

[edit on 15-7-2008 by Pinktip]

[edit on 15-7-2008 by Pinktip]



posted on Jul, 15 2008 @ 11:19 AM
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reply to post by rikriley
 


I was denied medical coverage.

Two years ago I needed a colonoscopy and an endoscopy. I was informed that because I didn't have medical insurance, I would have to pay down 20% of the cost of the procedure before the surgeon would even see me. The total cost of the procedure was nearly $8,000, and I didn't have $1,600 to pay down. So, I had to wait another year until I was insured before I could have the procedure.





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