[Topspinmo]

Originally Posted by kkingston57

Matter of supply and DEMAND. People now more likely to work from home, travel is down, fuel efficient cars getting more prevalent etc. We in TV should have the least worries about gas prices. Since moving here I buy less than 10 gallons of gas a month for the cart and car gets filled(20 gallons)up once a month. Even if gas goes to $4 a gallon, this additional cost will be negligible.

Not thinking about use. We no longer have to work for living.

[Topspinmo]

Originally Posted by cgilcreast

Ever been to Hawaii?

Flew over it, but, no and don’t intend to.

[gatorbill1]

Originally Posted by biker1

Yes, oil is a global commodity but the US is far from a small player. In fact, the US is the largest producer of oil in the world.

We may be largest producer, but we keep pumping, others stop to get price up.

[Debfrommaine]

Originally Posted by Topspinmo

Not thinking about use. We no longer have to work for living.

Yes, some of us do.

[biker1]

Since oil is a global commodity, if other nations cut production then the price for all goes up. However, supply and demand are pretty much in synch as storage is limited. Once you fill up all land based storage and tankers there is no place left to store excess production.

Originally Posted by gatorbill1

We may be largest producer, but we keep pumping, others stop to get price up.

[jimjamuser]

Originally Posted by Topspinmo

Anybody willing to guess how high gas prices will be in year and 4 years. IMO $3.50 and above $5.00. So will say that good thing, and some will say its economy killer. It will affect everything, most all food prices. There will Alway be demand for crude oil and coal.

Always is an infinite time period and coal and crude oil are finite resources.

[jimjamuser]

Originally Posted by sail33or

Buy Oil and Refinery Dividend Paying Stocks. Your profits will far exceed your cost of gasoline.

The more you "clamp down" on something the more it rises in value. (Supply and Demand).

Windmills, Batteries and Solar Panels (are made of Oil)(Require Oil to be delivered and require Oil to be installed and maintained." The irony of "Clamping down on Oil".

That is a partial truth that invalidates the conclusion.

Originally Posted by Topspinmo

Anybody willing to guess how high gas prices will be in year and 4 years. IMO $3.50 and above $5.00. So will say that good thing, and some will say its economy killer. It will affect everything, most all food prices. There will Alway be demand for crude oil and coal.

I will also say $3.50 and $5.00 but worse there might be shortages as we lose energy independence in which case price could escalate to $8 per gallon. And it will be an economy killer as oil workers are laid off and the CPI prices see substantial inflation. Stagflation again.

[RaunchyRich]

Originally Posted by Topspinmo

Anybody willing to guess how high gas prices will be in year and 4 years. IMO $3.50 and above $5.00. So will say that good thing, and some will say its economy killer. It will affect everything, most all food prices. There will Alway be demand for crude oil and coal.

Will any of you guys be around to complain about it! The Electric car is the future, get onboard ! Spend some of that Communion money....,

[tophcfa]

Originally Posted by gatorbill1

No individual or even country controls gas prices. Oil is sold on the commodity market based on supply and demand. A lot of supply is controlled by Middle East countries including Saudi Arabi. Russia seems to have a hand in pricing also. We are a small player.

You are absolutely correct as it pertains to the pure commodity price of a barrel or unrefined crude oil. However, a country can greatly influence the price it’s citizens pay at the pump. Restrictions on refinement, mandating ethanol additives, traditional taxes per gallon, and the threat of green new deal carbon taxes are all examples of why prices at the pump could, and probably will, skyrocket.

[pacjag]

You are all ignoring the taxation aspect of the equation. The government does not control the price of oil or gasoline but they can sure as hell raise taxes on both to pay for entitlements.

[Topspinmo]

Originally Posted by RaunchyRich

Will any of you guys be around to complain about it! The Electric car is the future, get onboard ! Spend some of that Communion money....,

No, I don’t plan on living for ever. Where do you think electric going to come from?

[RaunchyRich]

Nuclear , Solar , Hydroelectric

[JimJohnson]

Ride a bicycle.

[mike1946]

Y'all just be glad you don't live in the UK - Gas (Petrol) has been over $9 a gallon for years and diesel even more.

Just stop whining.