Gas Prices Soar

[Mr.Tree]

5 dollars a gall/

[Pharm Girl]

The airline industry's fight for survival in the face of soaring oil prices has triggered a massive jump in the price of a number of obscure and scarce metals that are used to improve the fuel economy of jet engines.

Traders said demand for minor metals such as rhenium, chromium, cobalt and titanium is booming as Rolls-Royce, General Electric and Pratt & Whitney buy them for new super-alloys that help cut aircraft fuel consumption.

The rhenium price on Tuesday surged to a record of $11,250 a kilogram, more than double last year's level and up from about $1,000 in early 2006, traders said.

Chromium, produced mainly in South Africa, has also benefited from the desire for fuel-efficient engines. Its price has jumped this month to a record of $11,000 per tonne, up from about $6,800 last year and less than $4,000 in 2000.

The price of cobalt, which comes predominantly from the Democratic Republic of Congo, rose earlier this year to $52.50 per pound, double its 2006 level and the highest price since at least 1978.

– Financial Times

[kingmotherfuckinmidas]

sadly the majority of our gas problem is the weak dollar and speculation of an even weaker dollar. raw material isn't even half the problem. china is selling big suv's like its no ones business and their economic outlook is a lot better then ours on paper. i wouldn't be surprised if gas was getting cheaper in china.

[generic_hippie]

Originally Posted by kingmotherfuckinmida s

i wouldn't be surprised if gas was getting cheaper in china.

as it happens, the chinese authorities have just reduced or ended the fuel subsidies they were giving, so fuel will be going up there also

[SpankyMcLankey]

In my car I've got a 12.5 gallon gas tank. After red line, there's 1.5 more gallons. So usually when I fill up I get any where from 11-12 gallons. It costs $55 now to fill up. It used to cost $37 last year for a full tank of gas. When I say full, I mean over flowing.

I get roughly 300 miles off of one tank. So about 11.5-12 gallons... erm, about 23 mpg in town. My engine recirculates unburnt gasoline in the exhaust, along with most cars. My car is just more efficient at it and I get 35 mpg high way. I followed my Mom in a truck for 600 miles and every time she filled up her truck, I still had 2/3rds a tank of gas. HAHAHA

[The Rev]

$4.60ish a gallon here.



The Rev

[generic_hippie]

$1.58AU per liter

4.5 liters per gallon

$7.11 per gallon = $6.78US per gallon

[generic_hippie]

Originally Posted by Flamingnun

edit: Fuel jumped to £1.24 a liter in some places yesterday, £1.36 for diesel

Live rates at 2008.06.21 02:43:49 UTC
1.36 GBP = 2.81385 AUD
United Kingdom Pounds Australia Dollars
1 GBP = 2.06901 AUD 1 AUD = 0.483323 GBP


makes it $2.80 Aussie for a liter

Fuck me.

that is harsh

You brits pulled out of iraq before we did hey, your prices have had more time to suffer the consequences of abandoning america's illegal war...

[kingmotherfuckinmidas]

Originally Posted by generic_hippie

as it happens, the chinese authorities have just reduced or ended the fuel subsidies they were giving, so fuel will be going up there also

i guess we are all fucked, i have an internal combustion engine fetish, i can't do a hybrid. luckily my commute is under 2 miles so i'm still looking to pull out the 350 small block and get it bored to a 383. maybe when gas is 15 bucks a gallon like in the uk (read about some trucker strike on bbc) i will ride a bike.

[ProfessorMurder]

June 24, 2008 · Industry analysts say if not for speculators, oil prices would
be half of what they are today. Congress is looking into what roles
speculators may have played in rising gas prices. The House Energy
Subcommittee on Oversight and Investigation heard from regulators, market
chiefs and analysts Monday

— but speculators were missing from the hearing.

June 23, 2008 · Crude oil prices rose again Monday, despite Saudi Arabia's
promise over the weekend to modestly increase oil production.

Costly crude oil has pushed gasoline prices over $4 per gallon in most parts of
the country. And that has politicians eager to show their concern.

There have been a lot of explanations offered for the doubling of crude oil
prices over the last year: a weak dollar, strong demand overseas, greedy oil
companies, a stubborn OPEC. The latest culprit singled out on Capitol Hill and
the campaign trail is oil speculators.


Both presidential candidates have called for more government oversight of oil
speculators. And Congress has been busy holding hearings on the subject.

The House Subcommittee on Oversight and Investigations reported Monday
that speculators are responsible for about 70 percent of the oil traded on the
New York Mercantile Exchange — up from less than 40 percent at the
beginning of the decade.

Unlike traditional players in the oil market, who buy and sell futures contracts
as a way to lock in prices, financial speculators have no use for the
oil itself. They're simply placing a bet that the price of oil, and in some
cases other commodities, will rise.

This speculative money "has nothing to do with the real world supply or
demand for crude oil," said Michael Masters, portfolio manager of Masters
Capital Management.

In other words, consumers might not be putting any more gasoline in their
tanks, but their pension funds are loading up on oil futures.
That growing demand from institutional investors is driving up the price.

[Kishar]

Right now our price per gallon is $4.09.

At work we're designing a plug and play component that simply has like 3 or 4 plugs that plug into any gasoline vehicle and this module will let all cars run on ethenol and gasoline mix. I'm sure it'll save people some money but I dont think it's a miracle product or anything.

[Flamingnun]

What's the average/minimum octane on american/canadian gas?

[matthewmunari]

like 89 - 91 orso for reg higher for premium

[Captain Cannabis]

Originally Posted by Flamingnun

What's the average/minimum octane on american/canadian gas?

premium is usually 91. some places sell higher but that is more for specialized cars