Whos ready for $3 gasoline?

[TylerGT]

Just might be parking my shit when I move.


SINGAPORE (Reuters) - Oil prices jumped one percent Monday to move above $60 a barrel, a record, as robust U.S. demand, apparently unimpeded by high fuel costs, strained global production and refining capacity.

Light sweet crude for August delivery rose 38 cents to $60.32 a barrel in electronic trading, easing from a new record high at $60.49 hit earlier in the morning. Monday's new record extends a rally that has increased prices 12 percent in two weeks and 39 percent since January.

U.S. crude contracts are trading above $60 for every month until August 2006, with December 2005 hitting a peak $61.90 a barrel. London Brent crude gained 49 cents to $58.85 after hitting a record $59.17 a barrel earlier in the session.

"It really has been a momentum-driven push to $60 over the past week. We've seen the funds really pile in hard in an effort to push it over (that level)," said Daniel Hynes, resource analyst at ANZ Institutional Banking.

Prices have risen as investors bet refiners and producers will struggle to meet winter demand in the fourth quarter.

While high prices are eroding some strength from the world economy, the overall growth picture remains solid, central bankers meeting in Switzerland said at the weekend.

This has encouraged speculators to test consumers' ability to absorb higher costs, with some analysts saying only a significant pull-back in demand from an economic slowdown will tame prices.

"The market is testing higher to see what price levels this demand can endure," said Naohiro Niimura, vice president at the derivative products division of Mizuho Corporate Bank.

Central bank governors and monetary officials gathering in the Bank for International Settlements for an annual meeting on Monday have said oil prices are expected to remain high for some time.

"The world economy today is less energy intensive than before. That's why despite the big increase in prices, we didn't find big inflation in the world economy. We still have growth and inflation is under control," Jassim Al-Mannai, director general chairman of the board of the Arab Monetary Fund, said Monday.

Al-Mannai said he expects oil prices to stay in a range between $50 and $60 per barrel all year.

"Cheap oil is no longer there," Al-Mannai said.

Victory in Iran's presidential election for ultra-conservative Mahmoud Ahmadinejad also helped support prices.

Ahmadinejad said he would flush out corruption from the country's oil sector and favor domestic investors, although analysts do not expect a big shift in production policy.

Held back by U.S. sanctions, OPEC member Iran has struggled to lift output capacity in the world's fourth biggest producer.

The Iranian president-elect also said his nation would press ahead with its controversial nuclear program, which the United States sees as part of an effort to build atomic weapons.

Dealers were undeterred by OPEC's largely symbolic output hike earlier this month, and now producers are consulting on another increase, cartel president Sheikh Ahmad al-Fahd al-Sabah said Saturday.

But another increase of 500,000 barrels per day is unlikely to make much difference. Traders say it is a shortage of refining capacity, not crude, that is driving prices higher. And Saudi Arabia, the only OPEC producer with any spare capacity, says it is already meeting customer demand for crude.

[coonbottom]

"Cheap oil is no longer there," Al-Mannai said.
shit

I hope it doesnt go to $3 a gallon.

[Azn Kenny]

Time to get a bike.

[thetastelingers]

I live 7 miles from work.....I think my univega may be getting some miles put on it if gas gets that high.

[brandboZ28]

Time to get a bike.
8)

[Bullhead00]

$3 gallon = $78 to fill my truck up. http://www.tallahasseemusclecar.com/forum/images/icons/icon13.gif This makes me want to scream and jump around stomping my feet, but that would accomplish nothing. I say we bomb Iran and turn the place into a huge ass Super-Duper Walmart with several hundred gas stations.

[thetastelingers]

$3 gallon = $78 to fill my truck up. http://www.tallahasseemusclecar.com/forum/images/icons/icon13.gif This makes me want to scream and jump around stomping my feet, but that would accomplish nothing. I say we bomb Iran and turn the place into a huge ass Super-Duper Walmart with several hundred gas stations.

when we bombed the place, the oil would burn for years with no chance of stopping the fires. Our gas prices would go to $10 a gallon...... :joystick:

now if we could just send some virus over there injected into a monkey, then get that monkey to bite everyone.....yeah......

[slmdLS1]

Time to get a bike.


filling up for $8 never felt so good.

[Azn Kenny]

filling up for $8 never felt so good.

...and that's with Premium. :D

[RACER1269]

now if we could just send some virus over there injected into a monkey, then get that monkey to bite everyone.....yeah......we got that one already its called The AIDS :lol:

yeah my ole ricer sure is nice right now with its 340 miles on 13 gallons :taunt:

[cary00silve]

we got that one already its called The AIDS :lol:

yeah my ole ricer sure is nice right now with its 340 miles on 13 gallons :taunt:
That's not that great. An M6 LS1 can get that on the highway easy.

[4348rd]

my LT-1 get almost as good as the V-6 firebird , used 3/10's of a gallon more in a 300 mile trip

[thetastelingers]

That's not that great. An M6 LS1 can get that on the highway easy.

as I was about to say. :D

[lsevenl]

I drive the fuck out of my car. I get like 10-12 :( Even when I try to conserve gas... I just can't. The car won't let me.

[thetastelingers]

I drive the fuck out of my car. I get like 10-12 :( Even when I try to conserve gas... I just can't. The car won't let me.

the accellerator likes it rough eh?
lol
"push me harder" "push me harder"

those numbers are on the freeway of course....around town I get shit for gas mileage too.

[46Nole]

i was wondering how much a gallon of premium is right now in tally?
i'm down in southwest fl paying $2.49. oh yeah, i spend $10 a week with my '03 yzf600rr :D

[cary00silve]

I think I have everyone here beat. I ride a 1982 Honda C70 Passport to work everyday. It gets a whopping 100mpg, which means I spend about 2.50 per month in gas to get me to and from work!

[Se?or_Sheffield]

$3 isn't that bad considering Europe currently pays $5.70ish per gallon. Still hurts paying $50+ to fill up.

[tedness]

may be time to invest in a junker toyota or honda for daily commute.

[fatkid]

2 weeks on one tank :flip2:

[towelie]

2 weeks on one tank :flip2:

and slow as balls

[brandboZ28]

I drive the fuck out of my car. I get like 10-12 :( Even when I try to conserve gas... I just can't. The car won't let me.
Your car is heads and cam. If being economical is something youre after, youre going about it all wrong with a 450rwhp daily driver.

[Vashthestampede]

Time to get a bike.


I'm in line right behind you. I remember back in the day when gas was $1.10 for regular unleaded. It would cost me about ten bucks or so to fill up my tank and that lasted me about a week and a couple of days. If gas were to go up to $3.00, could you imagine what those poor bastards who drive H2's would have to pay for gas? I'm told it costs about 80 bucks to fill up the tank now and that barely lasts a week.

[SloNLo_350]

Not quite... because They don't get much worse city mileage than I do (when I beat on it) and I go a week and a half on ~$50 now

Thats about 200 miles and 20 gallons at the worst. But I get 17.5 at best on the highway. Hopefully I'll be able to park the truck next year.

[TylerGT]

I remember back in the day when gas was $1.10 for regular unleaded.


you must not have a good memory. I was buying premium for under a dollar in Athens, GA in 2001. Woe for the days.

[Vashthestampede]

you must not have a good memory. I was buying premium for under a dollar in Athens, GA in 2001. Woe for the days.

Maybe true, but I was referring to when I was stationed in New Mexico in 1999.

[shock6791]

for some reason, I get better mileage with the 4.10s, so I guess they were a good thing...

[TylerGT]

for some reason, I get better mileage with the 4.10s, so I guess they were a good thing...

You can prolly use 5th more around town. I though Id be able to do that but 3.73s just dont get far enough.

[TylerGT]

Also this might be old news to some of you.....but China is buying the company that owns "76" gas stations


WASHINGTON (Reuters) - The Bush administration expects an appropriate national and economic security review if China's CNOOC Ltd. is the winning bidder for Unocal Corp., a White House spokesman said Monday, while CNOOC vowed to keep U.S. jobs if it should acquire the oil company.

"There are procedures in place, and if a bid goes through then we would expect the appropriate procedures to be followed," White House spokesman Scott McClellan said.

He said the White House was following the issue closely.

Such transactions are typically reviewed by the Committee on Foreign Investment in the United States, which determines whether a deal in which a foreign company buying an American company poses risks to national or economic security.

CNOOC offered $18.5 billion in cash last week to acquire the U.S.-based Unocal (up $0.29 to $65.97, Research), a richer bid than the $16-billion plus cash and stock offer it already has accepted from Chevron Corp. (up $0.37 to $57.06, Research) Chevron is pushing for an August vote on its offer.

Separately, CNOOC reiterated Monday its commitment to not only retain the jobs of "substantially" all of Unocal Corp.'s staff, but also keep its U.S. oil and gas production output in the United States, according to a letter submitted members of Congress.

The CNOOC letter came in response to a letter from more than 40 U.S. lawmakers urging the Bush administration to take a closer look at the bid.

"We had planned for and want to participate in a (government) review of the transaction as soon as possible," CNOOC Chairman and Chief Executive Officer Fu Chengyu said in a statement. "We believe it is vital to the success of the possible merged company."

Executives from CNOOC are headed to the United States this week to discuss the bid with Unocal, a person familiar with the matter told Reuters Monday.

CNOOC has said all along it welcomed a review by the Committee on Foreign Investment in the United States, or CFIUS, a body chaired by the secretary of the Treasury that reviews acquisitions of U.S. companies by foreign concerns where there could be national-security implications.

[tedness]

You can prolly use 5th more around town. I though Id be able to do that but 3.73s just dont get far enough.

these poopy 3.27's don't allow me to get to 5th.

when this gear install kit comes in i may be able to use 5th..

but if gas prices keep goin up i may have to wait.

[towelie]

Gas prices can go up and I still will want to get 4.10's

[lsevenl]

It's not that i expect to be getting great gas mileage, but like everyone else here, I just don't enjoy paying out the ass for gasoline.

[slmdLS1]

filled up this f150 for a measly $50, with more room to go..that was only 3/4ths of a tank.

[Bullhead00]

I want a motorcycle so bad now.

[scooby]

my f250 takes about 75 to 80 a week to fill up but thats premiem i hate to see it when gas goes to to over 3.00 a gallon.

[luv_my_z28]

i have a DD at home but still drive the camaro almost everyday, but then again, i live about 1/2 mile from work :D

[ju015dd]

hahahahah, looks like we got our wish

[Dredz172]

yeah, and its only going up

[fatkid]

3.69/gal over here :(

[Turbonium]

Got rid of the truck just in time the little Honda has been average between 25-32 MPG. Fills up for $30ish.

[scooby]

Yep this is the only reason i miss the truck

[ju015dd]

Got rid of the truck just in time the little Honda has been average between 25-32 MPG. Fills up for $30ish.

i know what ya mean. that is the only thing my wifes honda is good for, gas mileage.:D

[Kinson Cook, Jr]

The only thing I hate about the prices is I have to swip my card twice since most pumps stop at $50.00, $75.00 or $99.00. Damnit. I fill it 'til it quits and then reswip to top off the tank.

[SATAN]

Yeah, it's a bitch having to restart the pump after it cuts off at $75, fortunately I'm not flirting with triple digits yet.

[mac_24_seven]

Hell, you guys are talkin about $3.00 a gallon gas.. I"ve been paying over $3.00 for premium for several months now. When I fill up today, it's gonna be $3.24??(can't remember). I should spend about $23.00 to fill up too :)

But yeah, 31.7 mpg carting around 500 lbs of guys back and forth to work, w/stupid 17" wheels AND about 60/40 highway/city miles :)

By myself not going through town, 34-36 mpg was the norm.

And who loves their lil Honda (Acura) sedan? http://i13.photobucket.com/albums/a280/mac_24_seven/Gifs/smileyR-3.gif :secret:
This topic makes my questioning the below statement all the more relevant...

Would NEVER trade my 7mpg for any Honda!
:joystick:

[tomwid]

Hate to see $3 a gallon, but you know we'll all still be buyin it.

[Snow]

Hate to see $3 a gallon, but you know we'll all still be buyin it.

This has renewed my interest in an E-85 conversion on my Fox... I am gonna have to see if I can repair my megasquirt or if I'll have to buy/build another one... the nice thing with MS is that I will no longer need an expensive MAF since it's speed density :)

[Undecided]

Man did I pick the wrong time to buy a truck! I'm so lucky I live close to work.

[DustnF]

Monthly gas bill > Monthly car payment

[mac_24_seven]

This has renewed my interest in an E-85 conversion on my Fox...

So your going to switch to a less efficient fuel so you can burn MORE? Not very smart.

Since I work in the aluminum industry, we are VERY interested and concerned about Ethanol, since it's loves to corrode our aluminum tanks. I've got lots of information on Ethanol that 95% of the public is unaware of.

You don't want it as your primary source of fuel, trust me. It's fine for vehicles made for it, detrimental to those that aren't.

[Snow]

So your going to switch to a less efficient fuel so you can burn MORE? Not very smart.

Since I work in the aluminum industry, we are VERY interested and concerned about Ethanol, since it's loves to corrode our aluminum tanks. I've got lots of information on Ethanol that 95% of the public is unaware of.

You don't want it as your primary source of fuel, trust me. It's fine for vehicles made for it, detrimental to those that aren't.

Lol...didn't we already have this thread? Sorry, but I am trusting my own research - if I destroy my fuel system or blow up my engine, that's all me :)

Quick recap of why I will convert my car to flex-fuel:
1. As 92+ octane gas prices soar, 105-110 octane E-85 stays lower.
2. In a high compression or forced induction (or both!) engine, the benefits of running higher octane fuel become very apparent (not to mention it keeps the engine cooler).
3. Chicks dig alternative fuel cars ;)
4. E-85 doesn't have all the problems straight ethanol does in a car originally designed for gasoline.

[Gt]

This has renewed my interest in an E-85 conversion on my Fox... I am gonna have to see if I can repair my megasquirt or if I'll have to buy/build another one... the nice thing with MS is that I will no longer need an expensive MAF since it's speed density :)

Or you buy 1 MAF that you don't have to replace again. Like the SCT Big Air MAF. The injector calibration should be done in the computer, not the MAF.

The only problem with SD is having to adjust the tune for weather.

[Snow]

Or you buy 1 MAF that you don't have to replace again. Like the SCT Big Air MAF. The injector calibration should be done in the computer, not the MAF.

The only problem with SD is having to adjust the tune for weather.

What aspect of the weather? Do you mean barometric pressure? The version of MS I have calibrates every time it turns on and last I heard quite some time ago, there was talk of running dual pressure sensors to constantly keep it calibrated if you were to drive up or down a mountain or the like.

Of course, they also had some beta code awhile ago that allowed it to run as a MAF based EFI

[Gt]

It calibrates every time? interesting. When I see SD I think of the stock 86-88 stangs. It ran off the o2's and you had to tweak the tune for every change (change in weather, and/or mods) since it couldn't adjust via a MAF.

[mac_24_seven]

Lol...didn't we already have this thread? Sorry, but I am trusting my own research - if I destroy my fuel system or blow up my engine, that's all me :)

Sounds good to me.

I find it so funny nobody believes me when I say this is bad stuff. The manf. of marine engines are flipping out because the stuff is eating there engines up. Anywhere where they are selling E85 we are having premature failure of our aluminum tanks, due to corrosion/parts failure. There things we are having to replace. We also have industry watch dogs supplying us with information/paperwork from the meeting they are attending.

All I know, is my lil Honduh can take E10 (per the manual) and even then I avoid any gas stations that sell E10-E85.

But really, what do I know? After all, I'm just a lowly draftsman :joystick:

[coonbottom]

3. Chicks dig alternative fuel cars ;)
So does making your own diesel for a fraction of what you pay for it at the pump make them drop their panties?

[Snow]

So does making your own diesel for a fraction of what you pay for it at the pump make them drop their panties?

Supposedly, but I don't want to buy so much methanol they think I'm making a ton of ... well... you know...

[coonbottom]

This topic makes my questioning the below statement all the more relevant...
I can't argue that, yes, it sucks. But in context i was talking about a 1 ton truck that was bought with the sole purpose of towing my s10. It was never ment to get good gas mileage. That is why i have a daily driver.

/still a V8..still sucks gas.

EDIT: The s10, when it ran, was getting like 2 gallons to the mile. lol

[coonbottom]

Supposedly, but I don't want to buy so much methanol they think I'm making a ton of ... well... you know...

Of the few people i know making their own, no feds have bothered them. They just smell like french fries! (ok, not really, just their exhaust does)

[93zm6tally]

50 to fill up the Vette. I get (according to the computer), about 17.4MPG with 425RWHP. I guess it could be worse. If it goes up to 5 I'll just pay and keep on driving, OPEC has me by the balls.

[300Plus.net]

http://www.tallahasseemusclecar.com/forum/showthread.php?p=222636#post222636

[SATAN]

So does making your own diesel for a fraction of what you pay for it at the pump make them drop their panties?

You damn right it does! "If women don't find you handsome, they should at least find you handy."

[Turbonium]

My neighbors are making like 300 Gallons a month of Biodiesel, they have been running the shit for years it's pretty cool stuff.