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KublaKhan
Location: Edinburgh, Scotland Total Likes: 207 likes
With Satan, it's always gimmie, gimmie.
| | | Re: Gas prices < Reply # 50 on 5/23/2008 2:42 AM > | Reply with Quote
| | | Posted by KublaKhan Here's my prediction, and you can all write this down: gasoline will NEVER EVER AGAIN go below $1.25 per liter. NEVER EVER AGAIN. Also, consumers can expect to pay upwards of $1.30 per liter during the summer. Perhaps even $1.50 per liter. Prices will stabilize around $1.35, and THAT will be the new normal. I passed a gas station yesterday that sold its shit $1.34 per liter. Up island, mind you, but still. Average price in Victoria and the lower island is $1.30.
| Posted by KONG My prediction, and you can write it down, is that you're wrong.
| No...I was right.
| "The truth is knowable. But probably not, ever, incontrovertible." --Don DeLillo PICS |
| fedge
Location: Gaud Corners, Ontario, Canada Gender: Male Total Likes: 11 likes
you blight up my life™®
| | | | Re: Gas prices < Reply # 52 on 5/23/2008 2:01 PM > | Reply with Quote
| | |
| 18-odd Years Of UER-ing! |
| Bryan
Location: hello Gender: Male Total Likes: 1 like
| | | | Re: Gas prices < Reply # 54 on 5/23/2008 7:41 PM > | Reply with Quote
| | | Posted by Stewie While gas prices go up, more people use public transportation. More money from fare collection to pay for the increased price of fuel. Public transit is also funded by the government which receives the taxes you pay when you purchase fuel. You're basically paying for public transit at the pump. If anything public transit could become cheaper with the increased cost of fuel.
| I disagree. For two reasons. Regardless of the obvious smarter choice, gas prices will not devoid people from buying gas.. they'll just spend more money to do it. It's such a big commodity, that regardless of all of our bitching and complaining, we are 'required' to keep it around. The obvious flaws of transit systems outweight the fact people these days have no fucking patience. If driving a car to a location takes 10 minutes, as opposed to 30-40 minutes on a bus.. then they'll say "fuck it, I'll spend the extra $1.50 for gas".. Secondly, regional public transit systems don't have the customer's needs in mind. If they can squeeze out more money from commuters, they'll eventually be making enough money to battle the rising fuel costs, AND making a nice profit.. because although not as much as gas, public transit is another thing people will pay for, regardless of the unwarranted price.
| drive well sleep carefully http://www.exboration.com/ |
| KublaKhan
Location: Edinburgh, Scotland Total Likes: 207 likes
With Satan, it's always gimmie, gimmie.
| | | Re: Gas prices < Reply # 56 on 5/23/2008 10:23 PM > | Reply with Quote
| | | Posted by KONG
No you're not. You said that gas will level off at $1.35, and it'll stay there. I'm saying that it will not. It'll take more than 2 weeks to prove either of us right. My position is that the price of oil will drop to well under $100/barrel, likely in the $75-85 range, which is about what it's fundamental value is right now, given current supply and demand. The price of oil (and several other commodities) has been driven up by speculative trading, much like tech stocks were in the late 90s. These bubbles ALWAYS break.
| Dude...seriously. You must be high. That will never ever ever happen. Never. The price of oil will go up, up and away. My bet is that a barrel will hit the $200 mark within the 18 months.
| "The truth is knowable. But probably not, ever, incontrovertible." --Don DeLillo PICS |
| KublaKhan
Location: Edinburgh, Scotland Total Likes: 207 likes
With Satan, it's always gimmie, gimmie.
| | | Re: Gas prices < Reply # 58 on 5/24/2008 3:58 AM > | Reply with Quote
| | | Posted by KONG
I didn't say it wouldn't hit $200. That wouldn't surprise me at all. Other than that, we're into a macroeconomics arguement. I will point out that there is MANY experts that said YAHOO was worth $200 billion, Nortel Networks should be trading at $150, Bre-X had plenty of gold in Indonesia, asbestos is a safe building material, PCBs pose no hazard to the environment or to humans and animals, and the list goes on and on. You can read 20 points of view to every arguement. All that matters, is that I'm right. Write it down.
| I wrote it down. In pencil. Lightly so as not to spoil the page. When it comes time to eat erase your words, I'll want to write my prediction over yours. Gas: $1.50 per liter and not under $1.35 ever ever ever again.
| "The truth is knowable. But probably not, ever, incontrovertible." --Don DeLillo PICS |
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