oil prices

[wayne foundation 07]

The cheap gas ,if you can call it that is $3.41 here,I refuse to look at the other prices.A week ago it was $3.11,what happened.

[wolfie]

$10 a gallon in the UK you lucky people.

[Adam West]

There is a huge oil deposit sitting in Alaska but nobody can seem to agree on whether or not we should tap it and if so how to do it while protecting the environment.

[Adam West]

It's relatively cheap compared to many liquids.

I really don't like these liquid comparisons. The biggest one I always see compared is milk to gas.

The problem with the comparison is that I probably drive through 15 gallons of gas a week and so does my wife. That's 30 gallons total. But we only consume one or two gallons of milk a week.

In addition, gas is somewhat inelastic in demand meaning on the demand side, you can only control it by purchasing cars that get better gas mileage or trying to combine errands. There are a lot of substitutes to milk with the same nutritional value. It has been a long time since I have personally had a glass of milk but find sources of vitamin D from other dairy products.

[Blue Meanie]

There was a solution to Gas/oil...the EV (Electric Vehicle). If you really want to get ticked off...watch "The Men That Killed The Electric Car". That documentary will really get anyone angry at the US Government/Big Auto/Big Oil. And no...hydrogen cars are not the way to go.

BTW, if you think gas prices are high here...live in Europe. I have relatives in Italy that say that gas is about $5 pere LITRE!!! Not per gallon. So we really shouldn't complain. As long as the Fed and the President let their cronies get away with price gauging...there is nothing we can do about it. Price of gas is only gonna get worse. $2 per gallon gas is long gone.

[Megospidey]

Interesting article on msn.com right now about why we are paying so much at the pump and when relief will come.

Gas Prices Demystified - MSN Autos

[Bill]

We've got the climate for it down here, so tons of scooters are popping up. I can't wait until those folks graduate to motorcycles. We could see some really interesting designs in the next decade.

[Adam West]

If I didn't have to share the road with big pick up trucks, SUV's, minivans, tractor trailers, etc. that drive like maniacs, I would purchase a small fuel efficient car or Vespa to drive back and forth to work at least and use it as much as possible.

Having been in a pretty bad car accident, (I was in a small car) and injured pretty bad, I'm not downgrading my midsize SUV until I see more smaller cars on the road.