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$6 Gas? Could Happen if the Dollar Keeps Getting Weaker
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$6 Gas? Could Happen if the Dollar Keeps Getting Weaker

  #11 (permalink)
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ThatManFromTexas View Post
There was talk in congress last time about how that was exactly what was causing the price increase and they were making noise about banning "speculators" from trading . Funny they didn't consider Hedge funds as speculators.

I am concerned you might be right...I read about that talk. I expect the margin on oil might be raised significantly or trading oil might be limited to just those that can take physical delivery of the product. But until then, good trading everyone....

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  #12 (permalink)
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Lornz View Post
In Norway the price is currently at (almost) $3 per liter, which equates to about $11.40 a gallon. I guess oil is a rare commodity in these parts...

Soooo... if it went to $6 per gallon... you would be a happy camper...

but if it goes to $6 in the USA people will riot... well... as long as the riot is close enough to walk to...

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  #13 (permalink)
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papa15 View Post
I am concerned you might be right...I read about that talk. I expect the margin on oil might be raised significantly or trading oil might be limited to just those that can take physical delivery of the product. But until then, good trading everyone....


Typical knee jerk reaction from politicians looking for sound bytes ... not solutions. All they would accomplish is forcing the business offshore. Brilliant...

I'm just a simple man trading a simple plan.

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  #14 (permalink)
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ThatManFromTexas View Post
Soooo... if it went to $6 per gallon... you would be a happy camper...

but if it goes to $6 in the USA people will riot... well... as long as the riot is close enough to walk to...

Hehe. All I'm saying is that you whiny yanks should put a sock in it! Harden up and use your legs...


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  #15 (permalink)
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Lornz View Post
In Norway the price is currently at (almost) $3 per liter, which equates to about $11.40 a gallon. I guess oil is a rare commodity in these parts...

How many families own cars there?

Here the question is how many cars does each family own...

Mike

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  #16 (permalink)
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We own two cars, one for my wife and one for me to get to work and we pay 3.85 a gallon at Costco for regular. $4 at Shell, Chevron, and Exxon. I get gas at Costco at 7am before work because we have about 50 cars that wait in line at any given time during the day. Canadians love to shop at our Costco because they are getting about a 30% discount on goods down here right now. They have discovered that they can bring extra gas cans and fill them up at Costco on the weekends and still cross the border with them. Makes for long lines and insane parking. Our local hotels advertise on Canadian radio stations to stay overnight in town in exchange for an additional 10% off partnering big box stores. Interestingly enough, Washington passed legislation that no longer allow Canadians to shop in-state duty free. I guess even BC residents are being lured by the American low-cost, gas-guzzling, way of life.

Americans need cars because we want to maintain that convenient quality of life that mass transit doesn't offer us yet. I commute by car 25 minutes to work and I think I am lucky. I would ride the bus if it took 40 minutes or less but it takes about an hour and fifteen minutes to get to work if I did. The buses stop a lot all over town before they head up to where I work. That means I would only get about an hour with the kids before bedtime. Gas costs more but I want to be home for dinner and spend time with my family. I could move closer to work but my wife and I like where my daughter goes to school. So my wife and I choose the better school and community instead of being within walking distance or a convenient mass transit distance from work. A lot of Americans live this way.

I don't think we are going to see any kind of high speed rail or any other rail in our town soon. We couldn't charge enough from the passengers to cover the cost to run one and build one. The labor unions for public transit around here influence legislation in their favor as well. Too bad really, I would love to read on the way to work.


Last edited by Dragon; April 21st, 2011 at 03:49 AM.
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  #17 (permalink)
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You can't do this with a bus or high speed rail ....

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I'm just a simple man trading a simple plan.

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  #18 (permalink)
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Big Mike View Post
How many families own cars there?

Here the question is how many cars does each family own...

Mike

It's almost getting to that point here as well. In 2009 there were 2.8 million registered cars and the population was 4.8. Norway is very "stretched" and the distance from north to south is about the same as from Kristiansand (south) to the south of Italy. In the "major" (and I use that term loosely) most people do not own cars, as is the case in most European cities. Another fun fact for you guys, cars are ridiculously expensive here. The average car is twice the price of the UK, and even worse compared to the US. E.g. a new Lexus RX 450h is around $45 000 in the US, in Norway it is $200 000. The absolutely worst thing you can do is to import an old american car, the taxes are mind-blowing.

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  #19 (permalink)
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ThatManFromTexas View Post
You can't do this with a bus or high speed rail ....

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That's the kind of thing that has made me lose all hope for the future of humanity...

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