Gas Prices

Official TSP Center polls.

Moderator: Aitrus

Will we see $5 a gallon gas by the end of summer?

Yes
28
52%
No
26
48%
 
Total votes: 54

User avatar
Jahbulon
Posts: 3901
Joined: Wed Nov 17, 2010 1:22 pm

Gas Prices

Post by Jahbulon »

Will we see $5 a gallon gas by the end of summer?

Yes
No

BigMike
Posts: 220
Joined: Wed Sep 29, 2010 12:45 pm

Re: Gas Prices

Post by BigMike »

I don't believe we will. We may get damn close though.

Why we wouldn't open up drilling in Anwar is a real mystery to me. The environmental concerns are so bogus as to be laughable. We have enough oil there to be able to not import ANY oil. We would even have enough to export some if we wanted to (offset our balance of trade deficits).

Yes, it would take 8-10 years before the work could be completed and oil could start flowing. However, if you don't start until next year then make that 9-11 years from today, the year after that 10-12 years, etc....

How long should we wait to GET STARTED? Drill baby drill!!!

hugehail
Posts: 602
Joined: Mon Mar 12, 2012 10:05 pm

Re: Gas Prices

Post by hugehail »

Jahbulon wrote:Will we see $5 a gallon gas by the end of summer?

Yes
No


IN NYC or Oklahoma City? There is a giant difference.

User avatar
Jahbulon
Posts: 3901
Joined: Wed Nov 17, 2010 1:22 pm

Re: Gas Prices

Post by Jahbulon »

My intent was as a national average, but I'm limited to the number of characters I can place in the question on the poll.

I am sure there are areas where we are already getting close.

User avatar
GFCSorI
Posts: 145
Joined: Tue Feb 01, 2011 3:29 pm

Re: Gas Prices

Post by GFCSorI »

Yes, on the west coast only.

spooner4
Posts: 41
Joined: Sun Dec 25, 2011 9:17 pm

Re: Gas Prices

Post by spooner4 »

People in San Diego are going to Mexico to buy gas, $1.50/Gal less.

jbirdway
Posts: 32
Joined: Fri Jan 27, 2012 2:12 pm

Re: Gas Prices

Post by jbirdway »

I sure hope so. Much higher even.

We can send men to the moon and back, cure human diseases, harness and control nuclear reaction, and expound on the exponential computing technology to simultaneously shrink and improve computing capacity, yet we can't find a better, more viable alternative to fossil fuels? Really? Combustion engine technology is how old again?

But wait! What about this completely new idea of increasing our own domestic drilling and refining that some are talking about? Wow! More drilling and refining? What an amazing, intelligent, and technologically advanced feat that would be! Surely that's the answer. Man, I don't know if I'll be able to contain my excitement at seeing the next big technological breakthrough following that one (sigh). :?

User avatar
Navig8tor
Posts: 560
Joined: Mon Jul 19, 2010 10:48 am

Re: Gas Prices

Post by Navig8tor »

There are Shell Stations in and around Orlando where gas is going for $5.94!
Navig8tor
CWO4 (BOSN)
USCG, RET

TSPKip
Posts: 1225
Joined: Mon Sep 27, 2010 7:34 am

Re: Gas Prices

Post by TSPKip »

US Energy Information Association: Causes of increased oil prices: http://www.eia.gov/finance/markets/
Seek Wisdom where it can be found.

m.eddy
Posts: 78
Joined: Mon Sep 19, 2011 1:48 am

Re: Gas Prices

Post by m.eddy »

we are already over $4 and going up.

User avatar
Jahbulon
Posts: 3901
Joined: Wed Nov 17, 2010 1:22 pm

Re: Gas Prices

Post by Jahbulon »

I just wish the left and right in DC would sit down and draw up a 100 year energy plan. Everyone waits for the President to take the lead, but why can the Senate and the House lead the charge? A bipartisan effort would look at all the issues, compromise, and develop a clear cut path forward. I think that alone would give the economy a jolt!

I'm dead serious about this!

User avatar
Pocono13
Posts: 541
Joined: Mon Dec 22, 2008 4:40 pm

Re: Gas Prices

Post by Pocono13 »

I hope we see 5 dollars a gallon at the end of the summer and not 6 or 7.

fishbone
Posts: 115
Joined: Wed Oct 21, 2009 11:19 am

Re: Gas Prices

Post by fishbone »

I am hoping that since it is an election year that prices will magically drop during the summer.

dougzilla
Posts: 14
Joined: Tue Jan 31, 2012 12:25 pm

Re: Gas Prices

Post by dougzilla »

Thankfully CO has a refinery, $3.32 Costco

Snake05LOU
Posts: 26
Joined: Thu Dec 16, 2010 5:13 pm

Re: Gas Prices

Post by Snake05LOU »

Most likely, (and aware that I'm playing the cynic) I see gas hitting well over $5 by late summer, if not through the early fall (into Sept.-Oct.)

We continue to export a record amount of gasoline from this country to other nations and domestic demand is still at lower than average levels. Yet prices continue to rise domestically. Why? Because we're importing the crude here, refining it and then exporting it to places where governments and their populace can stomach the price. We're even exporting refined gasoline that was programmed for consumption here because domestic demand is so low.

So, even though domestic demand is weak, international demand is growing. Which means that no matter what happens here in the US, prices will continue to rise even while domestic drivers continue to cut their driving as the prices rise. Short of a new energy used for transportation (like the diesel trucking shift in the 70's), we're at the mercy of the rest of the world's demand. None of the major oil companies are going to (willingly) keep gas on shore in the US if they can sell it over seas for a higher price.

High prices are here to stay unless something major happens. And in order for something major to happen, we Americans are going to have to stop playing to wing nuts, sound-bite jockeys and pundit-pukes when electing our leadership. We have real issues in this country and we all seem much more interested in ripping our political opposites to shreds, raising and inflaming the nuts and playing a short term game then actually letting science and innovation solve problems.

I still hold out hope that we, as a nation, will grow up past this 5 year old mentality of "My dad can kick your dad's ***!!" (by "Dad" I mean "party of choice"). But frankly, I think we're somehow actually comfortable here. Growing up would, after all, mean making sacrifices, solving problems and making hard choices. It's much easier to sit in the sandbox and fling poop at each other like a bunch of monkeys.

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Fund Prices2022-08-18

FundPriceDayYTD
G $17.00 0.01% 1.56%
F $19.04 0.12% -8.83%
C $65.31 0.24% -9.23%
S $70.24 0.46% -15.82%
I $33.59 -0.29% -14.83%
L2065 $13.10 0.09% -11.96%
L2060 $13.10 0.09% -11.95%
L2055 $13.11 0.09% -11.94%
L2050 $26.96 0.08% -10.22%
L2045 $12.37 0.08% -9.53%
L2040 $45.43 0.07% -8.77%
L2035 $12.08 0.07% -7.94%
L2030 $40.50 0.06% -7.05%
L2025 $11.67 0.05% -4.74%
Linc $23.00 0.03% -2.07%

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