WHAT IN THE FUCK HAPPENED TO GAS PRICES Options

[Mommy]

$1.77 here

[woody]

el paso is begining to drop to about $2.

some places are still in the 2.20-2.30's

[Spectatrix]

Austin is under $2. I think it's getting down to about $1.80, actually.

[moebary]

i saw $1.73 yesterday

[dauss]

What are gas prices like now? Still under $2? Less than the zero dollars I currently pay for riding my bike everywhere.

I am enjoying the $$ --> Euro conversion nowadays! YAY for the US economy being in a shithole yet the $ improving. Someone with an economics degree please explain this to me.

Even though the US economy is in the shitter, other countires are in even more trouble. With investors pulling out the stocks and seeking the safety of the US Treasury, this boosts the value of the dollar. Helps imports, but hurts exports.

[dauss]

Oil up 9% today on weak dollar.

[Dogmeat]

Gah @ the ickyness of the world! GAH!!!! GAAAAAHHHHH!!!!!!!

[dauss]

Looks like Hartmann is right. Price of oil will conrinue to fall until people start driving more. Oil hit below $43/barrel this morning. Analysts are thinking that oil will hit $25 /barrel. Who knows how much longer this recession will last.

6.7% unemployment, highest level since 1993.
533,000 jobs lost in November, the most since 1974.
1,900,000 jobs lost since December 2007.
4,090,000 people collecting unemployment benefits, highest since 1982.

With all these people without jobs to drive to and no money to go shopping with, looks like gas has a lot more to drop.

Also thank you GM for that huge push for E85. I saw gas for $1.59 here in Colorado, and E85 is about the same price, but I don't think that anyone is going to go for iE85 if your fuel economy with E85 drops by up to 28%

[Billy]

Ethanol is such a crock of shit.

[Spectatrix]

Yep.

[dauss]

it depends what you use it for.
Ethanol as a way to ween ourselves off foreign oil, crock of shit.
Ethanol as a cleaner fuel, crock of shit.
Ethanol as street legal race fuel, awesome. I'm seriously considering to getting tuned for E85 on my car because you make a lot more power and torque.

[Billy]

it depends what you use it for.
Ethanol as a way to ween ourselves off foreign oil, crock of shit.
Ethanol as a cleaner fuel, crock of shit.
Ethanol as street legal race fuel, awesome. I'm seriously considering to getting tuned for E85 on my car because you make a lot more power and torque.

From Wikipedia:

Combustion of ethanol in an internal combustion engine yields many of the products of incomplete combustion that are produced by gasoline and significantly larger amounts of formaldehyde and related species such as formalin, acetaldehyde, etc..[40] This leads to a significantly larger photochemical reactivity that generates much more ground level ozone.[41] This data has been assembled into The Clean Fuels Report comparison of fuel emissions[42] and shows that ethanol exhaust generates 2.14 times as much ozone as does gasoline exhaust. When this is added into the custom "Localised Pollution Index (LPI)" of The Clean Fuels Report the local pollution, i.e. that which contributes to smog, is 1.7 on a scale where gasoline is 1.0 and higher numbers signify greater pollution. This issue has been formalised by the California Air Resouces Board in 2008[43] by recognising control standards for formaldehydes et al as an emissions control group much like the conventional NOx and Reactive Organic Gases (ROGs).

Ethanol, in many ways, is much more 'dirty' than hydrocarbons (oil). It has less energy than gasoline, which means you must consume larger amounts of it in order to go the same distance. This is bad because you get less energy for the same weight, even further reducing ethanol's efficiency.

And though Ethanol is a way to ween ourselves off of foreign oil, it is a much better solution to just drill our own oil to ween ourselves off of foreign oil. Weening ourselves off of foreign oil ultimately must happen, but now may not be the right time to start consuming our own resources. But that is entirely a different argument.

[Dogmeat]

Ethanol is wonderful because the Democrats say so and they have the messiah on their side and are going to save the world.

[Hartmann]

Looks like Hartmann is right. Price of oil will conrinue to fall until people start driving more. Oil hit below $43/barrel this morning. Analysts are thinking that oil will hit $25 /barrel. Who knows how much longer this recession will last.

6.7% unemployment, highest level since 1993.
533,000 jobs lost in November, the most since 1974.
1,900,000 jobs lost since December 2007.
4,090,000 people collecting unemployment benefits, highest since 1982.

With all these people without jobs to drive to and no money to go shopping with, looks like gas has a lot more to drop.

Also thank you GM for that huge push for E85. I saw gas for $1.59 here in Colorado, and E85 is about the same price, but I don't think that anyone is going to go for iE85 if your fuel economy with E85 drops by up to 28%

I was reading the $25/barrel reports and while I don't doubt oil will get down to that level, I think it will be short lived. China has to yet to have this economic dip really hit them but if it does and it's as bad as it has been in other countries, $25 is a great estimate.

We are at a point now where businesses have to make critical decisions, they can survive or they can attempt to innovate and possibly fail.