I predict gas will be $3(nyc) by summer, national avg $2.80 - Toyota Yaris Forums

Yawesh · 04-20-2009, 12:15 PM

by summer, our Yaris will be worth 1.5x the price

supmet · 04-20-2009, 12:28 PM

Probably 3 bucks, but I doubt it will go too much higher given the economy and all the global warming hoopla. The oil companies know that going too high will make people invest in alternative fuels and hybrids more readily.

AlphaFox · 04-20-2009, 12:46 PM

crude just dropped 8% today down to $46.

devinlamothe · 04-20-2009, 12:48 PM

There's no way it will go that high with crude so low. They cannot justify the increase this summer unless the recession somehow lifts and crude starts to climb again.

CB900F2 · 04-21-2009, 07:08 AM

What was it, a year and a bit ago when crude hit $140.00... There was no market reason why it hit that level (supply/demand).. It was push up by traders and a few very large investment firms..

There is a great 60min investigation on this.. If I find the link I'll post it.. It shows that during this period, there was an over supply of crude, and the futures market was just pushing the prices up up and away!.

Quote:

Originally Posted by devinlamothe

There's no way it will go that high with crude so low. They cannot justify the increase this summer unless the recession somehow lifts and crude starts to climb again.

NJBob · 04-21-2009, 07:31 AM

Quote:

Originally Posted by CB900F2

What was it, a year and a bit ago when crude hit $140.00... There was no market reason why it hit that level (supply/demand).. It was push up by traders and a few very large investment firms..

There is a great 60min investigation on this.. If I find the link I'll post it.. It shows that during this period, there was an over supply of crude, and the futures market was just pushing the prices up up and away!.

I may have seen that program. Funny...years back when I invested in Unleaded futures it was the first summer that the prices DIDN'T go up. That's my luck. LOL

Ed_ · 04-23-2009, 10:32 PM

Quote:

Originally Posted by NJBob

I may have seen that program. Funny...years back when I invested in Unleaded futures it was the first summer that the prices DIDN'T go up. That's my luck. LOL

How about investing a little bit again. The rest of us could use a break

SilverBack · 06-07-2009, 06:18 AM

Already seeing a local average of $2.93 and rising. It'll definitely hit $3 BEFORE Summer

daf62757 · 04-21-2009, 09:24 PM

Quote:

Originally Posted by CB900F2

What was it, a year and a bit ago when crude hit $140.00... There was no market reason why it hit that level (supply/demand).. It was push up by traders and a few very large investment firms..

There is a great 60min investigation on this.. If I find the link I'll post it.. It shows that during this period, there was an over supply of crude, and the futures market was just pushing the prices up up and away!.

I wouldn't place too much faith in any investigation that CBS does. Their news is all done with an agenda.

detroiter · 04-20-2009, 01:43 PM

I've heard on the news that they (whoever "they" may be that is being referred to) suspect the price of fuel will hover around $2.30-2.35 at most until September. But then again, we all know talk is cheap.

EasyDriver · 04-20-2009, 10:45 PM

Why is it that gas prices rise instantly when crude goes up....but go down slowly when they drop? Probably has something to do with why the gas companies have had record profits in the last few years!!!!

JBougie · 06-07-2009, 09:04 PM

Quote:

Originally Posted by EasyDriver

Why is it that gas prices rise instantly when crude goes up....but go down slowly when they drop? Probably has something to do with why the gas companies have had record profits in the last few years!!!!

Yeah .... it's all the oil companies fault

GeneW · 06-07-2009, 10:28 PM

Quote:

Originally Posted by EasyDriver

Why is it that gas prices rise instantly when crude goes up....but go down slowly when they drop? Probably has something to do with why the gas companies have had record profits in the last few years!!!!

Most of the oil companies record profits were from well receipts in the US when oil was over $140 a barrel. A lot of companies dumped their retail operations because the profits were greater in distribution and because environmental remediation is an ass pain in the US. Especially bond requirements and destructive tank testing, at least in some states.

I don't know why prices "rise instantly". Considering the slim profit margins on gasoline sales - it's pennies per gallon for gas station owners - maybe these folks are being cagey with their more expensive gasoline in the tank?

Of course if you want to bring back price controls and impose "price gouging" regulations, well, enjoy your wait in the gas lines. Heh, heh, heh.

Gene

Yawesh · 06-07-2009, 05:16 PM

Quote:

Originally Posted by detroiter

I've heard on the news that they (whoever "they" may be that is being referred to) suspect the price of fuel will hover around $2.30-2.35 at most until September. But then again, we all know talk is cheap.

yup, talk is cheap lol (news)

TheUnGroomed · 04-21-2009, 12:59 AM

I don't think it will get to $3 this summer. But, I wouldn't be surprised if it got close. I vaguely remember my mom complaining about gas costing $1/gallon.

I'm not too worried. This summer the Yaris will be saved for trips farther than 15 miles. Closer trips get the bike.

NJBob · 04-21-2009, 06:05 AM

It's about $1.85 here in NJ and the news announced a probable rise to about $2.10 or so. Invest in Unleaded Futures? Oh, that's what got us in this mess in the first place.

41magmag41 · 04-21-2009, 08:40 AM

It's rising here a little now in New Hampshire, hovering around 1.93 but I suspect it'll be up around 2.10 to 2.20 by June just for the summer traveling season. I think you'll see maybe 2.50 to 2.75 when the refineries kick over to home heating oil in october. Don't give up the ship yet on your yaris and go out and get that hummer have patience and she'll be worth her wait in gold again.

Yawesh · 04-21-2009, 09:13 AM

currently in nyc metro area i've seen prices as low as 2.05 to as high as 2.59

i generally buy gas around 2.05 - 2.25 here

04-20-2009, 12:15 PM	#1
Yawesh Drives: 08 sedan at Join Date: Dec 2008 Location: long island Posts: 313	I predict gas will be $3(nyc) by summer, national avg $2.80 by summer, our Yaris will be worth 1.5x the price

06-07-2009, 06:18 AM	#8
SilverBack Joey View User's Garage Drives: '14 Scion xD 5-speed Join Date: Oct 2008 Location: El Monte, Ca Posts: 3,529	Already seeing a local average of $2.93 and rising. It'll definitely hit $3 BEFORE Summer __________________ Formerly owned Met-Met. '07 Yaris LB 5-speed. A forum post should be like a skirt: Long enough to cover the subject but short enough to keep things interesting. "I don't have an anger problem. I have an idiot problem." -Hank Hill

04-20-2009, 10:45 PM	#11
EasyDriver Drives: 2008 Yaris Meteorite LB Join Date: Feb 2009 Location: Southern Michigan Posts: 61	Crude prices go up quickly...and down slowly! Why is it that gas prices rise instantly when crude goes up....but go down slowly when they drop? Probably has something to do with why the gas companies have had record profits in the last few years!!!!

04-21-2009, 06:05 AM	#16
NJBob View User's Garage Drives: 2008 Yaris Liftback Join Date: Oct 2008 Location: South Jersey Posts: 444	It's about $1.85 here in NJ and the news announced a probable rise to about $2.10 or so. Invest in Unleaded Futures? Oh, that's what got us in this mess in the first place. __________________ \| \|

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04-20-2009, 12:28 PM	#2
supmet Banned View User's Garage Drives: 2007 4 Door Yaris Join Date: Jan 2009 Location: Southern California Posts: 1,357	Probably 3 bucks, but I doubt it will go too much higher given the economy and all the global warming hoopla. The oil companies know that going too high will make people invest in alternative fuels and hybrids more readily.

04-20-2009, 12:46 PM	#3
AlphaFox Drives: 07' Yaris Liftback - silver Join Date: May 2006 Location: Springfield, Mass Posts: 475	crude just dropped 8% today down to $46.

04-20-2009, 12:48 PM	#4
devinlamothe Drives: '07 Yaris HB Join Date: Apr 2006 Location: Sudbury, Canada Posts: 520	There's no way it will go that high with crude so low. They cannot justify the increase this summer unless the recession somehow lifts and crude starts to climb again.

04-20-2009, 01:43 PM	#10
detroiter Drives: 2008 Polar White LB Auto Join Date: Oct 2008 Location: Metro Detroit Posts: 1,238	I've heard on the news that they (whoever "they" may be that is being referred to) suspect the price of fuel will hover around $2.30-2.35 at most until September. But then again, we all know talk is cheap.

04-21-2009, 12:59 AM	#15
TheUnGroomed View User's Garage Drives: 08 Meteorite LB Join Date: Oct 2008 Location: MD Posts: 54	I don't think it will get to $3 this summer. But, I wouldn't be surprised if it got close. I vaguely remember my mom complaining about gas costing $1/gallon. I'm not too worried. This summer the Yaris will be saved for trips farther than 15 miles. Closer trips get the bike.

04-21-2009, 08:40 AM	#17
41magmag41 Drives: Loaded 2007 mica silver sedan Join Date: Sep 2007 Location: New hampshire Posts: 226	It's rising here a little now in New Hampshire, hovering around 1.93 but I suspect it'll be up around 2.10 to 2.20 by June just for the summer traveling season. I think you'll see maybe 2.50 to 2.75 when the refineries kick over to home heating oil in october. Don't give up the ship yet on your yaris and go out and get that hummer have patience and she'll be worth her wait in gold again.

04-21-2009, 09:13 AM	#18
Yawesh Drives: 08 sedan at Join Date: Dec 2008 Location: long island Posts: 313	currently in nyc metro area i've seen prices as low as 2.05 to as high as 2.59 i generally buy gas around 2.05 - 2.25 here