In the end, we (Americans) should consider ourselves fortunate that we don't live in Europe and aren't paying the equivalent of nearly $10/gal.
Originally Posted by SkyVue2
May have had something to do with a little thing that happened on 9/11/01? Like when binLaden and the extremist wing of Islam declared all out war against the United States and the entire modern Western World?
Hard to agree when the graph shows the price of gas dipped slightly between 2001 and 2003 and then really started to go up in 2003 with the other obvious dip between 2006 and 2009 which was probably due to the economy tanking. Too bad the graph doesn't include through 2012 which we have all been focusing on in this thready.
I don't think it's costing more to produce; it probably costs the same (as it did before). But if the demand exceeds supply, then market forces will drive the cost up. The fact stations are running out means supply is not meeting demand.
General Saturn Sky Discussion
I think the word SKY has been mention on this thread only once and that was "I filled up my Sky with gas today"....
Bogie, your losing control around here!
LOL, nah gas prices will continue to go up and up and up so take the steps necessary to reduce your use of it if you can seems to be the intelligent thing to do! Complaining about it won't feed the bulldog.
SkyVue2 : Gas prices have nothing to do with unrest in the Middle East?
That's a joke right?
Unrest in the Middle East is not 9-11. They are related, of course, but 9-11 happened here, not there, and was not directed at a refinery or other oil or gasoline related installation. So it didn't impact prices.
Look at 27Rings' chart. Gas prices went down through 2001, and continued the trend into 2002. There was no upward spike after 9-11.
2.4 NA Manual
I've actually stopped driving my Camaro since it only gets 14 to 16 mpg.
Prices have come down a bit lately and the trend seems to be continuing. Gas prices are still to high!. But again, they probably will probably remain high and never come down. So perhaps you should relent and drive it again before it rots like many boats do sitting in driveways unused. At least fill it up and add a generous amount of Stabil if you're not going to drive it. Otherwise it may cost you even more if and when you do decided to use it again.
Then: $1.53 per gallon gasoline/$27.66 per barrel oil (Sept. 10, 2001).
Oil is a commodity with a volatile history. Prices are often driven by global demand, the stability of producing nations and the whims of speculators.
In the days after 9/11, the price of West Texas Intermediate crude rose 7% to $29.59 a barrel. However, oil quickly retreated as fears of economic slowdown trumped worries about scarce supply from the Middle East. Oil prices were little changed on the first anniversary of the terrorist attacks.
2009 Ruby Red SE
Mods are getting expensive www.kronus.us
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