Good news!!! Gas Prices will be coming down...

**Retmilleo909** · 05-11-08, 02:26 PM

Crude oil inventories have been building since the beginning of the year and there are significant drilling projects starting soon in Saudi Arabia, and large offshore fields in Nigeria.
They are now predicting prices at $83 a barrel in 2009 and as low as $70 in 2010. In view of this gas at the pumps will be dropping back into the $2.00-$2.50 per gallon range. Wouldn't it be GREAT?

Although, a few years off, Brazil has found as much as 8 billion barrels of oil and gas in offshore drilling.

**Xiphos** · 05-11-08, 02:54 PM

Originally Posted by Retmilleo909

Crude oil inventories have been building since the beginning of the year and there are significant drilling projects starting soon in Saudi Arabia, and large offshore fields in Nigeria.

For a small personal guarantee of $5,000 from each of us, the Nigerians are promising $10 per barrel oil.

Seriously though, we need to build more refineries. It doesn't matter if we have all the cheap oil in the world if we can't reasonably process it into gas.

**Five-0** · 05-11-08, 03:00 PM

Originally Posted by Xiphos

For a small personal guarantee of $5,000 from each of us, the Nigerians are promising $10 per barrel oil.

Seriously though, we need to build more refineries. It doesn't matter if we have all the cheap oil in the world if we can't reasonably process it into gas.

I completely agree.

**Cidp24** · 05-11-08, 07:19 PM

Something has GOT to give. I never thought I would be seriously considering a scooter or cheap motorcycle to get around gas prices. AND I RARELY LEAVE THE CITY LIMITS!!!! I gave a cashier a 10 the other day to get gas in a can for my mower, told him I was just getting a couple of gallons and it would not take it all. It took it all.

Sorry, but I feel better now.

**deputyc5** · 05-11-08, 07:42 PM

One of the PD's in our county is asking the patrolman to pay for the gas to and from work in their take home cars. There budget is blown.

**Donut Aficionado** · 05-11-08, 07:56 PM

I was looking around today and wondering who really uses Mid-Grade gas? Is there really a need to produce three grades of gasoline?

Why not make 87 octane and 93 octane. Most cars call for 87 octane and there are a few high performance cars that require the 93 octane. The gas companies could boost production of the 87 if they just dropped the Mid-Grade. Around here I have seen in a lot of places they are charging the same for Mid-Grade as they are for Premium.

Just my $.02, which by the way I want in saving if one of the gas company executives reads this and then suddenly comes up with a bright idea.

**Five-0** · 05-11-08, 08:20 PM

Originally Posted by Donut Aficionado

I was looking around today and wondering who really uses Mid-Grade gas? Is there really a need to produce three grades of gasoline?

Why not make 87 octane and 93 octane. Most cars call for 87 octane and there are a few high performance cars that require the 93 octane. The gas companies could boost production of the 87 if they just dropped the Mid-Grade. Around here I have seen in a lot of places they are charging the same for Mid-Grade as they are for Premium.

Just my $.02, which by the way I want in saving is one of the gas company executives reads this and then suddenly comes up with a bright idea.

You are not alone. I also hate the over twenty total different summer blends that some states mandate. There should be two kinds of gosoline: 87 and 93 octane like you said. If the different individual states want something else then they can build their own refinery and make it on their own.

**ex401mp** · 05-11-08, 08:25 PM

Yup. Mid-grade is about as useless as tits on a boar.

**Cidp24** · 05-11-08, 09:00 PM

Originally Posted by deputyc5

One of the PD's in our county is asking the patrolman to pay for the gas to and from work in their take home cars. There budget is blown.

I can remember when prices took a major jump in the late 80s or early 90s (I think) and some agencies went to a 50 mile max for the shift. You could do probably 40 miles here just answering calls.

**CTR man** · 05-11-08, 10:05 PM

Originally Posted by Xiphos

Seriously though, we need to build more refineries. It doesn't matter if we have all the cheap oil in the world if we can't reasonably process it into gas.

Thats the big problem right there. We need more refineries. I believe the last refinery in California was built in the mid 1970's.

Originally Posted by Donut Aficionado

I was looking around today and wondering who really uses Mid-Grade gas? Is there really a need to produce three grades of gasoline?

Why not make 87 octane and 93 octane. Most cars call for 87 octane and there are a few high performance cars that require the 93 octane. The gas companies could boost production of the 87 if they just dropped the Mid-Grade. Around here I have seen in a lot of places they are charging the same for Mid-Grade as they are for Premium.

Just my $.02, which by the way I want in saving is one of the gas company executives reads this and then suddenly comes up with a bright idea.

Originally Posted by Five-0

You are not alone. I also hate the over twenty total different summer blends that some states mandate. There should be two kinds of gasoline: 87 and 93 octane like you said. If the different individual states want something else then they can build their own refinery and make it on their own.

California seems to have a big problem with this. The environmentalist wackos have driven the price of fuel up to exorbitant costs, just because they can, so they can line their own pockets, in my opinion. I believe we have the most expensive gasoline in the nation, and we have our own refineries.

**LawnMM** · 05-11-08, 10:09 PM

Originally Posted by ex401mp

Yup. Mid-grade is about as useless as tits on a boar.

The male boars might disagree with you

**keith720** · 05-11-08, 11:08 PM

Call me a skeptic, but I'll be surprised if we Ever see gas under $3.25 a gallon again. Until the nut-bar enviro-crowd looses it's political grip, nothing will change.

**JAYBIRD33081** · 05-12-08, 02:17 AM

Originally Posted by keith720

Call me a skeptic, but I'll be surprised if we Ever see gas under $3.25 a gallon again. Until the nut-bar enviro-crowd looses it's political grip, nothing will change.

yea i don't see the prices dropping too much again. Hell the oil companies know what we will pay now to keep driving so they prob wouldnt want to drop it too much even if the price of a barrel of oil drops significantly. hell it can go to 5 bux a gallon and i will still pay it i have to get around. I just wont get far lol just my .02

**keith720** · 05-12-08, 04:08 AM

Originally Posted by Retmilleo909

Crude oil inventories have been building since the beginning of the year and there are significant drilling projects starting soon in Saudi Arabia, and large offshore fields in Nigeria.
They are now predicting prices at $83 a barrel in 2009 and as low as $70 in 2010. In view of this gas at the pumps will be dropping back into the $2.00-$2.50 per gallon range. Wouldn't it be GREAT?

Although, a few years off, Brazil has found as much as 8 billion barrels of oil and gas in offshore drilling.

What is the source of this?

**dadyswat** · 05-12-08, 07:23 AM

Call me a skeptic, but I'll be surprised if we Ever see gas under $3.25 a gallon again. Until the nut-bar enviro-crowd looses it's political grip, nothing will change.

+1

**PapaBear** · 05-12-08, 08:03 AM

According to a recent financial report I watched here on the Left Coast, we can expect fuel costs to rise upwards near $6.00 per gallon by year's end. Whoa! It now costs me about $160.00 to fill my 40 gallon tank with diesel. Fortunately, I have reduced my driving around so much I only fill up every two months.

**Ducky** · 05-12-08, 03:51 PM

I think overall greed will win out. The powers that be have discovered that we'll pay higher prices, and they're not going to walk away from the cash cow that has been dropped in their lap.

**Pudge** · 05-12-08, 05:48 PM

Originally Posted by Ducky

I think overall greed will win out. The powers that be have discovered that we'll pay higher prices, and they're not going to walk away from the cash cow that has been dropped in their lap.

+1

I've said all along that they're just conditioning us. When gas was around 3 bucks a gallon they knew we'd be happy paying 2.50-2.75. Now that we're close to and over 4 bucks in some parts of the country people will think 3 is a bargain. I doubt we'll see it below 3 dollars ever again.

Hell, I'm just a youngin at 28 and I remember being pissed driving to school when it would go above 1.09