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Crossed the $3 gal threshold without the aid of a hurricane

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Crossed the $3 gal threshold without the aid of a hurricane

Unread postby firestarter » Thu 06 Apr 2006, 16:08:18

I'm sure this is the Chicago area's first tatse of $3 plus gas without the help of a catastrophe. In the words of Axel Rose, where do we go from here?

[web]http://www.chicagogasprices.com/[/web]
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby Cobra_Strike » Thu 06 Apr 2006, 16:12:06

Down into a burning hellish pit, minus the burning because it would cost too much.
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby TITAN » Thu 06 Apr 2006, 16:13:43

Is that Axel Rose...Or Dave Mustaine?
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby firestarter » Thu 06 Apr 2006, 16:31:30

$this->bbcode_second_pass_quote('TITAN', 'I')s that Axel Rose...Or Dave Mustaine?



I thought it was Rose, but it's been some time since I witnessed him belting out lyrics. Too much Frank Sinatra of late has my memory playin tricks on me, I guess.
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby ModernAngel » Thu 06 Apr 2006, 17:29:06

Of course, that's in Evanston... a fair amount of well-to-do folks up there.

I live on the nearish west side of Chicago and work in a nearby northern suburb (Skokie) and the prices around the area seem to average about $2.65 for regular.

When Katrina hit the highest regular got around me was ~$3.30 ...
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby 0mar » Thu 06 Apr 2006, 17:32:48

Everyone in the Chicago area knows that Cook county in general is more expensive than Dupage or Kane. Chicago proper has higher gas taxes as well. Evanston is also one of the most expensive places to live in in Chicago (if not THE most expensive).
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby firestarter » Thu 06 Apr 2006, 17:42:27

$this->bbcode_second_pass_quote('0mar', 'E')veryone in the Chicago area knows that Cook county in general is more expensive than Dupage or Kane. Chicago proper has higher gas taxes as well. Evanston is also one of the most expensive places to live in in Chicago (if not THE most expensive).




Evanston has a very mixed demographic, and it is not even close to being the most expensive place to live in the Chicago area.
No matter how prices got there. $3 for a gallon of gas is still a powerful psychological threshold to cross.
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby ModernAngel » Thu 06 Apr 2006, 17:47:37

$this->bbcode_second_pass_quote('firestarter', '
')Evanston has a very mixed demographic, and it is not even close to being the most expensive place to live in the Chicago area.


Yup. Hell, there's always Kenilworth and Winnetka farther up the North Shore that have far more rich folk than Evanston. Still, though, in comparison to the rest of the country and even the county, Evanston is pretty nice.
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby Zardoz » Thu 06 Apr 2006, 17:52:13

I saw $3.13 in Miami last week, and $3.11 at two stations in Glendale, California yesterday. I've seen $2.99 at dozens of stations in Los Angeles and Orange counties. Get used to it. We'll be permanently bidding a fond fairwell to sub-three-dollar gas very soon now.

Crude touched $68 a barrel today. Next week I'm buying a new 40 MPG Civic to replace my ancient Accord.
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby jato » Thu 06 Apr 2006, 18:05:27

Zardoz,

I drove around today and saw 87 Regular Unleaded from $2.77 to $3.00.

Using my Mark I Eyeball, it appeared everyone was driving like mad. Traffic is just as bad as when gas was sub $2.00.
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby Eli » Thu 06 Apr 2006, 18:14:21

I think at three dollars a gallon the idea of riding on a bus or a train is going to start to become a lot more popular.

I really hope we in the US make a solid effort to build an city to city rail system before everything goes tits up.

Lets say the average distance between major cities in the US is 250 miles and you are stuck driving a big SUV that gets 15 miles per gallon.

That little trip would cost you 100 bucks in gas alone ignoring the maintenance cost and depreciation on a vehicle.
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby clover » Thu 06 Apr 2006, 22:32:41

Yeah, I thought there was an oil refinery fire I hadn't heard about... gas jumped up almost 30 cents in the middle of the day. There was a legitimate queue at the one station that doesn't change its prices until the end of the night.

There's going to be a gas station shooting this summer. People are chatty at first, but after a few hot weeks they're going to get testy... :evil:
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby coyote » Thu 06 Apr 2006, 22:35:30

$this->bbcode_second_pass_quote('Eli', 'I') really hope we in the US make a solid effort to build an city to city rail system before everything goes tits up.

I don't think that's likely to happen real soon. I understand the folks who say there's little real difference between the Dems and the Pubs; however, I now have to believe that nothing of import and merit will be accomplished as long as this administration is in power. We'll pretty much have to wait for 2009, at least, for anything helpful to be done at all. Too late? Dunno. Make a guess...
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby rs » Fri 07 Apr 2006, 03:54:47

Dems/Pubs/Lib Dems/Labour/Conservative. They are all they same smokescreen. It's the elite running the show behind the scenes we need to be fearful of.

$this->bbcode_second_pass_quote('coyote', '')$this->bbcode_second_pass_quote('Eli', 'I') really hope we in the US make a solid effort to build an city to city rail system before everything goes tits up.

I don't think that's likely to happen real soon. I understand the folks who say there's little real difference between the Dems and the Pubs; however, I now have to believe that nothing of import and merit will be accomplished as long as this administration is in power. We'll pretty much have to wait for 2009, at least, for anything helpful to be done at all. Too late? Dunno. Make a guess...
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby ThunderSnow » Fri 07 Apr 2006, 10:20:19

Well we here in Chicago can thank the wisdom of IDOT, it's missing a strategically placed i.
Instead of making Improvements to the trains they have decided to fix up the Dan Ryan. Down to 2 narrow lanes on either side. People still insist on driving one to a car. Or is this a clever ploy to get people to start using mass transit. They ain't that smart, and they aint that stupid.
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby Leanan » Fri 07 Apr 2006, 10:35:55

Here in the northeast, gas has gone up about 25 cents in two weeks. Last week, it jumped 15 cents. It went up another dime sometime yesterday.

Still under $3, though. $2.79 when I passed the gas station this morning. It got as high as $3.65 right after Katrina.
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby 0mar » Fri 07 Apr 2006, 15:59:57

$this->bbcode_second_pass_quote('firestarter', '')$this->bbcode_second_pass_quote('0mar', 'E')veryone in the Chicago area knows that Cook county in general is more expensive than Dupage or Kane. Chicago proper has higher gas taxes as well. Evanston is also one of the most expensive places to live in in Chicago (if not THE most expensive).




Evanston has a very mixed demographic, and it is not even close to being the most expensive place to live in the Chicago area.
No matter how prices got there. $3 for a gallon of gas is still a powerful psychological threshold to cross.


I said one of the most expensive!
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby Zardoz » Fri 07 Apr 2006, 16:41:07

Don't look to this guy for encouragement and consolation:

Oil Prepares To Push On

Inch by inch the market is moving towards a breakout over its old records. Maybe not this time, maybe the next, or the one after that but we are going to break over $70 sometime in 2006 and we could end up testing $80, no problem.

This time the market might pull back from $68.50 for WTI and $68.40 for Brent. But if something odd happens, then traders will see an opportunity and pile straight through. Now $60 is the new floor, $55 is absolutely unbreakable and if we get one more spark then stand back, it’s party time. Not for you of course, you have to pay.
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby Dan1195 » Sat 08 Apr 2006, 21:05:57

Here in Eastern Mass. I am seeing regulare anywhere from 2.58 to 2.90, all within a 10 mile radius. Widest price gap between stations I have seen (and highest prices also), excluding the Post-Katrina period last fall.
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Re: Crossed the $3 gal threshold without the aid of a hurric

Unread postby ohanian » Sun 09 Apr 2006, 03:48:48

Hi all,

Here is the formula for the (minimum) price of oil. That's the price in which forms the lower bound for the price of oil.

Price = 15 x (Year - 2000) - 37

For example:

Year = 2005 Price = $37 per barrel

Year = 2006 Price = $53 per barrel

For the future

Year = 2007 Price = $68 per barrel

That is to say that on the 1st Jan 2007, the price is above $68

Year = 2008 Price = $83 per barrel

Year = 2009 Price = $98 per barrel

Year = 2010 Price = $113 per barrel
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