Soliciting Opinions Regarding Gas Prices

[xanthinic12]

I hope gas goes back to $4/gal. Apparently thats what it takes for people to stop wasting resources ! I want the SUV owners to suffer more. Esp the ones driving alone, hauling nothing, and speeding on the hwy in their four wheel drives. 99 % of the time they dont need the 3 ton vehicle. Its all about image, fitting in, and being in the click. I hope they choke on their excesses someday.

i concur, most people who have SUV's don't need them, and they've never been off road or towed with them.

but isn't having a bunch of festiva's in excess?

[festyxfi]

but we only drive one at a time...

I've been getting 40+MPG all winter....just amazing!

I love my festy.

[getnpsi]

We are being tested. No ones really mad they are sneaking back up, until it reaches a certain level. My income at the end of the day is directly affected by how much I pumped into my car, and I'm not "mad" yet. The prices have been so great even the diehard hypermilers were taking a break, working on other projects, like saving money on house utility bills. (that can be much morre over a year than gasoline.) $2.13 lastnight when I drove home. I haven't left the house today yet but im sure it went up again because it's been the same price all week. $2.50 and youll probably see another LA news story.

just wanted to show this too:

http://www.sanbernardinogasprices.com/price_by_county.aspx

[ejp2fast]

the average Joe doesn't have much input in gas prices anyway...

thats we we drive these cars! High OR low!!!

[muscle_Car1]

There cant be high gas prices in a recession.

[festyxfi]

Muscle, Seriously? why not? I sort of have that same mindset, but figure there comes a time when the parasite has already killed it's host...time to start eating what's left before it go putrid.

FX

[25Horseplay]

Well gas jumped up 37 cents today. Its a $1.99 now.

[jglutz]

Lutz, That's an intesting stat. I wouldn't have guessed. It has always seemed like summer was the high months? Would you have an source I could read up on about that?

Thanks,
FX

Summer always seems higher beause of Memorial Day....4th of July and Labor Day Holidays....but these are spikes...the weeks prior to and following are rather moderate.

Also remember that gas prices do not follow normal economic supply and demand curves. This past summer when we set the record domestic price...+$4.00...the refined supply was the highest or record.

A couple of months ago Congres held hearings and had the CEO of J.P. Morgan testify about all of his companies gas holdings and the beans were out.