Best Guess at Diesel, Gas Prices in 2011?
 

I am guesstimating. In 2002 we were at 1.76 a gallon. In 2008, we are at 3.79 a gallon, the price having doubled.

Now you have to throw in some Global things that weren't of concern before. India, Russia and China will increase the world's population of drivers by some 20%.They all want Gas too!

What's bad is people are accepting this with equanamity.

If we reacted strongly like we did during the last Energy Crisis and dumped our Dinosaurs, and took strong political measures and the White House became involved, petroleum producing countries would take notice and relax their price.

But with the things the way they are, the dollar being weak and more than one petroleum consumer nation out there in the world now Washington hasn't done much. Remember Gerald Ford and WEO and 68 degrees as being the national thermostat setting? Remember the GM Diesels?

So my guess is going to be 6.60 a gallon. I dont want to forecast gloom and doom, things always work out eventually. I just wish I had a big picture of whats going on Geopolitically. I mean Brazil, Russia and other nations should be able to offset OPEC, right? Does anyone have the figures? Hybrid vehicles and eventually electric cars will account for much more sales, but BTU in any form, be it propane, electricity, or shale coal oil costs money.

The thing that concerns me the most is that when the world does a big shuffle of the economic deck of cards, global conflict does occur. European expansionism in the 1900's , led to WWI and Economic tensions in the Far East and Europe led to WW II.

Maybe we have advanced as human beings...anyway this giving me a HUGE headache, I'm just one microscopic person and I didnt cause this mess-- I think i will do something more relaxing like go down into my garage and sort out all my metric bolts--I will sleep tonite and dream of metric bolts and rememeber just SIx years ago Gas was $1.80 a gallon!

Discussion Open belongs this does it.

Can you type that in English?

so does "It summer"
 

so does "It summer", last weeks 100+ post.
You arent a Deejay by chance?:D:D
I posted it here because many of us won't be paying 5.50 a gallon for diesel next year!

I think you mean 4.79 in 2008 right? I have not seen 3.79 in a couple of months. unless you were talking gas price..

Richard, you are completely out of thread control...........:eek:

I don`t know what it`s going to be. but I saw $4.99 a gallon today at the Union 76.

Charlie ☺

I think your crystal ball needs polishing , cause we are already paying $7.20 gal diesel and $9.00 super.

In six yrs time I think your guess will be far surpassed .

Happy hunting for the battery car ............................:)

Thanks yoda. :D

I'm guessing diesel (and gasoline) will be in the $6-8 range by 2011, probably where it should be now if we want to reduce consumption and imports. Hopefully, that won't be too inflationary.

What? nobody watched I am Legend? the gas prices for 2009 were on the signs in the background when will smith was stalking around for food... 6.60... IIRC...
anyway,
Yoda would say...

Hmm? Open discussion belongs this does... Heh heh... Ohw.

and How does one get so many posts typing threads of this kind?

Finger pointing and lip service is meaningless. Watch where the money goes.

The price wouldn't be where it is if there weren't new stewards of the wells in Iraq. Throw out the US (and those companies for whom the muscle was provided), and prices will come back down. Just my theory.

Did anybody notice the Impala SS inthe picture :D

Look for $6.00+ at the end of this year! Then Morgan Stanley and the like will have killed the economy and prices will drop fast. I predict $1.50 by 2009! Of course nobody will have a job to go to so demand will stay low


WOO HOO POST 900 for me!

Boggles my mind.. costs $15 just to leave the house for a short spin..
 

It boggles my mind..it costs $15 to leave the house for a traditional back and forth spin. At 25 mpg city, thats 30 miles each way. Add to that lunch at Jack in the Box -- $15 and you are at $30 and $20 for the various cheap things you might by--stop at a garage sale, stop at the Hardware Store, and you are down $50.00 for just an average spin around town on a nice Saturday afternoon.

Well one good thing about high gas prices --it will make families closer and lower the divorce rate---:D:D

Hmm
 

I am really not sure...up or down? But here is the thing;

Many economics professors I've talked to cite investment as the reason, and not a lack of supply. Many see this as a bubble that may likely pop sooner than later.

Sure, the days of "cheap" oil may be over for now; but the good news of rising traditional crude prices in the Middle East and Elsewhere is that it makes other oil types like shale and sands profitable to pump and refine.

I remember reading that the oil tied up in Canadian sands equates to roughly 1.5 times the current worlds supply, and shale oil throughout the Baltic Nations and Russia have been largely unexplored. Why? Pumping 80-95 dollar a barrel oil out of sands or shale was not profitable when 35 and 40 dollar a barrel conventional crude existed. Now, with oil at 126+ dollars a barrel, it is.

In my mind, the only good thing about these rising crude prices is that it gives us Americans a reason to concern and discover new ways of transporting ourselves, and also ways to extract petroleum from other sources. I think we all agree we'd rather fork over 100 dollars a barrel to our Canadian neighbors and those in Europe instead of paying the cartels of the Middle East to suck us dry.

My 2 cents