crazy oil prices - what are you paying for gas???

E60 M5's get horrible mileage even when driven easy lol, friend and I went for a trip in his, never made so many fuel stops before, that was worse then driving an H2 lol. Even worse then our Viper in city/highway use.
 
$3.12 at Sam's Club. I do use premium--the car performs better and its a price wash since the lower octane gives me worse gas mileage.

for mileage tricks, i tend to keep the a6 in normal mode. get 25mpg overall with 29-30 on highway and around 21 in town. the sport mode is much more fun but costs roughly 5mpg.
also, keep the tire pressure up, coast when approaching lights, don't gun it off the line etc...

gas mileage tips i guess are necessary for budgeting but definitely make driving more zzzzz.
 
I hope everyone realizes that this close to $100 per barrel is exaggerated. We have 1.4 trillion barrels underground and supposedly Venezuela has another 1.7 trillion barrels. Couple that with the fact that we have a huge amount of oil reserves and we should be able to go for another century.

Demand is slowing down, too. Was the 8% weakening of the dollar really a good reason for oil to rocket by 40%?

Watch is drop SOON!!! People are trying to make some quick money.
 
Demand slowing? Not what my husband and I heard. I expect to pay 4 bucks a gallon soon enough.
In my hilly little town with stop lights every two feet, I am proud to say my vette now gets 13.7 mpg!
 
OMG, 13.7 mpg. I don't know what to say other than better you than me. If the gov. and states wanted to help, how about getting rid of the crazy tax they collect from every gallon that they have nothing to do with. I hear the Peoples Republic of Maryland collects 51 cents per gallon in tax. I'm not sure about Fed. tax on fuel. Doesn't matter, if you need it, you'll pay.
 
gary26

P1et said:
Gary, diesel has always been more expensive, apart from a few times, than gasoline.

Don't look at that though, look at your cost per mile driven. If I have a vehicle that gets 35-40mpg, then it doesn't matter if the fuel is a bit more pricey.
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I see your point. Diesel has always been cheaper than regular gas until last year in California. Since last years gas prices began rising Diesel is always more now.
 
US$6.1 - 6.6 for us in Hungary. Minimal income US$300, average per capita income US$650.

Like it...?
 
Here in México is about $3 USD per Galon but fortunately both my cars average 45 mpg.
 
$3.25 for premium.

Overinflating your tires will cause the center of the tread pattern
to wear faster.You may save on gas but you'll probably be buying
tires sooner than expected.
 
I've been researching past and current oil production for the past 6 months. The longer this goes on the more I think we're at or near global peak oil production. Demand is simply beginning to outstrip supply.

It's not a matter of running out of oil. There's plenty of it still in the ground. It's a matter of running out of the high-quality, easily accessible, high flow rate oil. Companies would not be investing in expensive deep water, tar sand & oil shale projects if there we're more easily accessible fields around. But discovery of oil fields peaked way back in the mid 1960's

The problem is that the more difficult it is to access, extract and produce the oil, the more expensive and energy intensive it becomes. Early EROEI (energy return on energy invested) was something like 100 to 1. That is, it required approximately 1 unit of energy to extract 100 units from a well. With something like oil shale, EROEI has been estimated at anywhere from .7 - 13. The more expensive it is to extract, the more expensive it is once on the market.

I anticipate great volatility in the price of oil, but with a long-term upward trend until demand destruction pulls it back down.

I encourage anyone unfamiliar with peak oil to research it. A good place to start is Wiki Peak oil - Wikipedia, the free encyclopedia

We are at or very near the beginning of a very different world.

:cheers:
 
Around the Albany N.Y. area, 87 octane is running $3.20 a gallon and Diesel is around $3.50. Put 24 gallons of gas in my truck the other day, cost $77.00, ouch!
Was getting around 18.3 to 18.5 per gallon on the summer blend. Gas blend changed and I'm down to 17.5 per gallon now.
God bless the poor independent truckers trying to make a living. Imagine putting 250 gals. of diesel in your rig at $3.50 a gallon!
 
Sevenrd said:
I've been researching past and current oil production for the past 6 months. The longer this goes on the more I think we're at or near global peak oil production. Demand is simply beginning to outstrip supply.

It's not a matter of running out of oil. There's plenty of it still in the ground. It's a matter of running out of the high-quality, easily accessible, high flow rate oil. Companies would not be investing in expensive deep water, tar sand & oil shale projects if there we're more easily accessible fields around. But discovery of oil fields peaked way back in the mid 1960's

The problem is that the more difficult it is to access, extract and produce the oil, the more expensive and energy intensive it becomes. Early EROEI (energy return on energy invested) was something like 100 to 1. That is, it required approximately 1 unit of energy to extract 100 units from a well. With something like oil shale, EROEI has been estimated at anywhere from .7 - 13. The more expensive it is to extract, the more expensive it is once on the market.

I anticipate great volatility in the price of oil, but with a long-term upward trend until demand destruction pulls it back down.

I encourage anyone unfamiliar with peak oil to research it. A good place to start is Wiki Peak oil - Wikipedia, the free encyclopedia

We are at or very near the beginning of a very different world.

:cheers:
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Then there is the moritoriam on drilling off our coasts (thanks Congress :mad:) No new refineries built in the last 30+ years, Thanks to enviro regulations. Too expensive to get through the red tape. A group in I believe Arizona has been trying to get permits for a new refinery for the last 10 YEARS!
Regional fuels that can't be used in other areas per EPA. We have the oil here just can't get it for LOTS of reasons.

Gas here is 2.99 for 87 octane.
 
Sevenrd said:
I've been researching past and current oil production for the past 6 months. The longer this goes on the more I think we're at or near global peak oil production. Demand is simply beginning to outstrip supply.

It's not a matter of running out of oil. There's plenty of it still in the ground. It's a matter of running out of the high-quality, easily accessible, high flow rate oil. Companies would not be investing in expensive deep water, tar sand & oil shale projects if there we're more easily accessible fields around. But discovery of oil fields peaked way back in the mid 1960's

The problem is that the more difficult it is to access, extract and produce the oil, the more expensive and energy intensive it becomes. Early EROEI (energy return on energy invested) was something like 100 to 1. That is, it required approximately 1 unit of energy to extract 100 units from a well. With something like oil shale, EROEI has been estimated at anywhere from .7 - 13. The more expensive it is to extract, the more expensive it is once on the market.

I anticipate great volatility in the price of oil, but with a long-term upward trend until demand destruction pulls it back down.

I encourage anyone unfamiliar with peak oil to research it. A good place to start is Wiki Peak oil - Wikipedia, the free encyclopedia

We are at or very near the beginning of a very different world.

:cheers:
Click to expand...

That why I'm buying diesels. If it really comes down to it, I'll be running biodiesel. Have you seen the kits from Freedom Fuel America? Check it out at Cascade Biodiesel - vegetable oil, greenfuels, alternative energy, home biodiesel, how to make biodiesel.

In a nutshell, you'll be making biodiesel in your garage for about 70c a gallon. A real no-brainer.

Remember, the original diesel engine ran off peanut oil.
 
Here in Hungary the use of old frying oil/vegetable oil is illegal and you're a tax-cheater when you try to save a penny...

Ah, and diesel costs US$5.8 here...
 
P1et said:
That why I'm buying diesels. If it really comes down to it, I'll be running biodiesel. Have you seen the kits from Freedom Fuel America? Check it out at Cascade Biodiesel - vegetable oil, greenfuels, alternative energy, home biodiesel, how to make biodiesel.

In a nutshell, you'll be making biodiesel in your garage for about 70c a gallon. A real no-brainer.

Remember, the original diesel engine ran off peanut oil.
Click to expand...
I remember seeing an episode of Trucks on Spike TV about that. The original Trucks host (Stacy) did a show on it and he used that system. Very cool to watch him mix the stuff up and then run it and run the truck hard. Said the truck ran great and smelled like french fries the entire time lol.
 
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