$3.37 Gas & $3.58 Diesel - Thrilled.

[bp fick]

We've been paying that for 6 months. you just wake up and notice or were your prices lower before?

Yeah, that's probably it. We don't generally even notice what we are paying, since it's not in giant signs out by the road or anything. :thumbsup:

 

[chuckd1277]

Paid $3.89/gallon in CT yesterday. My lawn may look a little shaggy this summer if the prices keep going up. Im glad I live relatively close to work.

 

[charleyfarmall]

We're being manipulated. Plus the massive printing of the dollar is starting to hurt ( look at current supermarket prices which have started to climb. Major commodities like milk are still being held but things like paper towels just took a big jump) because it is not buying as much. Personally, I am betting we see $5/gal by Dec. 31st.

 

[jonyyuma]

I certainly hope you are wrong on $5.00 a gallon, it will never go back down.

 

[charleyfarmall]

Hope I'm wrong too, but lots of bad geo political maneuvering is going on.

 

[Ford tractor]

Yeah, that's probably it. We don't generally even notice what we are paying, since it's not in giant signs out by the road or anything. :thumbsup:

Or it could be like putting a frog in luke warm water then heating it slowly until it boils. The frog won't jump out because the change was slow. But, same setup and you take the frog out of the warm water and into mildly hot water, the frog jumps out instantly.

We aren't typically any different from frogs, now are we? Seems that's why they raise the prices 5 cents a month so we don't complain. But a 15-25 cent hike in a week and we "jump"!

 

[jonyyuma]

Heating the pan? Yes, and they don't have a cover over it yet....But consumption is rising and all those gas powered toys add up fast...remember 39 cent diesel?

 

[Mike_Kanzer]

The demand for oil is going to grow substantially from now on. Both China and India will become bigger users of oil. Get comfortable with the cost of gas/diesel. I doubt either will go down much in the future as global demand increases. The only real solution is more efficient engines that give you more mpg or hours/gallon use. Obviously also alternate energy such as hybrids or things like fuel cells may also be part of the answer. Welcome to the 21st century, were not in kansas anymore!

 

[KSinWI]

I don't think it will this time.

I wish I had a dollar for every time I've heard someone say this and I'd be a very rich man.

"This time will be different"

and yet over and over and over again it isn't.... any time something goes up in price fast, it also ends up coming down fast.... a quick example is the previous run up in gasoline prices

 

[smstonypoint]

I wish I had a dollar for every time I've heard someone say this and I'd be a very rich man.

"This time will be different"

and yet over and over and over again it isn't.... any time something goes up in price fast, it also ends up coming down fast.... a quick example is the previous run up in gasoline prices

This reminds me of the bet between Julian Simon and Paul Ehrlich.

"Julian L. Simon and Paul Ehrlich entered in a famous wager in 1980, betting on a mutually agreed upon measure of resource scarcity over the decade leading up to 1990. Simon had Ehrlich choose five of several commodity metals. Ehrlich chose copper, chromium, nickel, tin, and tungsten. Simon bet that their prices would decrease. Ehrlich bet they would increase. Ehrlich ultimately lost the bet, and all five commodities that were selected as the basis for the wager continued to trend downward until 2002, when metal prices generally began to increase and at least the price of copper,tin, and nickel increased."

From Simon?Ehrlich wager - Wikipedia, the free encyclopedia

Steve