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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

  #1 (permalink)
Quick Summary
$6 Gas? Could Happen if the Dollar Keeps Getting Weaker

A dollar plumbing three-year lows is hitting Americans squarely in the gas tank, and one economist thinks it could drive prices as high as $6 a gallon or more by summertime under the right conditions.

More on CNBC...

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  #2 (permalink)
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Unleaded petrol in some parts of Germany is almost $9 per gallon, their economy is very strong. Americans have got to be the biggest whiners on the Planet.

Damn... the French are right...

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My daddy always said, "Every day above ground is a good day!"
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ThatManFromTexas View Post
Unleaded petrol in some parts of Germany is almost $9 per gallon, their economy is very strong. Americans have got to be the biggest whiners on the Planet.

Damn... the French are right...

I think this is the first time I have not agreed with you. Gasoline is high in all European countries because of government imposed taxes being significantly higher than the taxes here in the US. It is the dream of dreams for some of our current administration to be able to impose such taxes here (all for good causes like saving the planet, stopping global warming, killing capitalism, you name it). Additionally, Europe has a developed mass transit system. We don't.

Gasoline going up significantly will totally alter the US economy and way of life, and not for the better. My opinion is that the only way out is to transition to more natural gas vehicles, but that is not coming real soon.

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Oil being priced in dollars plays a significant role.

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papa15 View Post
I think this is the first time I have not agreed with you. Gasoline is high in all European countries because of government imposed taxes being significantly higher than the taxes here in the US. It is the dream of dreams for some of our current administration to be able to impose such taxes here (all for good causes like saving the planet, stopping global warming, killing capitalism, you name it). Additionally, Europe has a developed mass transit system. We don't.

Gasoline going up significantly will totally alter the US economy and way of life, and not for the better. My opinion is that the only way out is to transition to more natural gas vehicles, but that is not coming real soon.

We give $ Billions in tax breaks to the Oil companies. Perhaps there is a better use of that money as well as the $170 Billion we spend every year on two wars that none of the politicians mention anymore.

You are right... it has always been higher there than here.Which is why they probably developed mass transit and we didn't. BTW, Congress just gutted the money appropriated for high speed rail.

Americans don't want to adjust... they expect the government to "fix it". Gas goes to $6 Americans will squeal like a stuck hog, blame it on Obama and threaten to vote out any politician that doesn't lie to them and promise to "fix it" and as soon as the price goes back down, they will go out and buy a new SUV.

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

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ThatManFromTexas View Post
We give $ Billions in tax breaks to the Oil companies. Perhaps there is a better use of that money as well as the $170 Billion we spend every year on two wars that none of the politicians mention anymore.

You are right... it has always been higher there than here.Which is why they probably developed mass transit and we didn't. BTW, Congress just gutted the money appropriated for high speed rail.

Americans don't want to adjust... they expect the government to "fix it". Gas goes to $6 Americans will squeal like a stuck hog, blame it on Obama and threaten to vote out any politician that doesn't lie to them and promise to "fix it" and as soon as the price goes back down, they will go out and buy a new SUV.

The tax breaks are a totally different discussion that is worthy of its own time....the money on the wars is similar. I never fully understood Iraq....Afganistan to me was always a different story and should have been the focus.

You are right...we have been conditioned to believe the government will fix it but the truth is, it is usually the problem. Obama is on the side of those that want us on cleaner energy sources, and the sooner we are off the old stuff the better. I don't disagree with developing alternatives, but I vigorously disagree with the method being used to do it. It must be a market driven solution, not a government driven one. Government needs to allow the fossil fuels to be used until we get the alternative ones developed.

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papa15 View Post
...My opinion is that the only way out is to transition to more natural gas vehicles, but that is not coming real soon.

Come on, the only way out is for everyone to start trading Crude Oil then you'll be longing to have highest price at the tank.

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trendisyourfriend View Post
Come on, the only way out is for everyone to start trading Crude Oil then you'll be longing to have highest price at the tank.

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.

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papa15 View Post
..... It must be a market driven solution, not a government driven one ....

....ay, there's the rub... Hamlet Act 3 Scene 1

The "Market" wants to drive SUV's ...

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

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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...

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