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04-20-2009, 12:15 PM | #1 |
Drives: 08 sedan at Join Date: Dec 2008
Location: long island
Posts: 313
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I predict gas will be $3(nyc) by summer, national avg $2.80
by summer, our Yaris will be worth 1.5x the price
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04-20-2009, 12:28 PM | #2 |
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Drives: 2007 4 Door Yaris Join Date: Jan 2009
Location: Southern California
Posts: 1,357
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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.
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04-20-2009, 12:46 PM | #3 |
Drives: 07' Yaris Liftback - silver Join Date: May 2006
Location: Springfield, Mass
Posts: 475
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crude just dropped 8% today down to $46.
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04-20-2009, 12:48 PM | #4 |
Drives: '07 Yaris HB Join Date: Apr 2006
Location: Sudbury, Canada
Posts: 520
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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.
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04-20-2009, 01:43 PM | #5 |
Drives: 2008 Polar White LB Auto Join Date: Oct 2008
Location: Metro Detroit
Posts: 1,238
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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.
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04-20-2009, 10:45 PM | #6 |
Drives: 2008 Yaris Meteorite LB Join Date: Feb 2009
Location: Southern Michigan
Posts: 61
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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!!!!
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04-21-2009, 12:59 AM | #7 |
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. |
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04-21-2009, 06:05 AM | #8 |
Drives: 2008 Yaris Liftback Join Date: Oct 2008
Location: South Jersey
Posts: 444
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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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04-21-2009, 07:08 AM | #9 |
Drives: 08 Sedan Join Date: Oct 2008
Location: Toronto
Posts: 301
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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!. |
04-21-2009, 07:31 AM | #10 | |
Drives: 2008 Yaris Liftback Join Date: Oct 2008
Location: South Jersey
Posts: 444
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Quote:
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04-21-2009, 08:40 AM | #11 |
Drives: Loaded 2007 mica silver sedan Join Date: Sep 2007
Location: New hampshire
Posts: 226
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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.
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04-21-2009, 09:13 AM | #12 |
Drives: 08 sedan at Join Date: Dec 2008
Location: long island
Posts: 313
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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 |
04-21-2009, 09:24 PM | #13 | |
Nothing beats a Toyota!
Drives: 2013 Yaris 5 dr liftback Join Date: Jan 2009
Location: Indianapolis, Indiana
Posts: 564
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Quote:
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Big Dave Indianapolis, IN Synthetic Oil....its in my car.....for at least 10,000 miles! |
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04-21-2009, 09:36 PM | #14 |
Banned
Drives: 2008 Yaris Join Date: Oct 2008
Location: Pennsylvania
Posts: 1,034
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If the Israelis bomb Iran, as they're threatening to do, gasoline could go as high as $10.00 a gallon if you can find it at those prices.
Gene |
04-21-2009, 09:39 PM | #15 |
Audio Junky
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gas will be AT LEAST 3.5 is not 4+ by late august.
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04-22-2009, 06:09 AM | #16 |
Drives: 2008 Yaris Liftback Join Date: Oct 2008
Location: South Jersey
Posts: 444
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Gene, thanks positive bulletins...like we aren't depressed enuff already.
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04-23-2009, 09:54 PM | #17 | |
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Drives: 2008 Yaris Join Date: Oct 2008
Location: Pennsylvania
Posts: 1,034
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Quote:
The scenario I've heard discussed is that if the Iranians are bombed, especially in their fuel enrichment systems at Natanz and elsewhere, is that they will retaliate through various actions. One of the favorite scenarios involve the Iranians scuttling a few ships in the narrowest part of the Straights of Hormuz. This would be occur concurrently with attacks on Saudi oil delivery systems and attacks on various Emirate terminals as well. I am not sure if the US has prepared for these attacks. Even if the Iranians kept their antics to threatening oil shipments they would increase the risk of oil deliveries. This would lead to increases in shipping insurance and a spike in crude oil futures. Right now I suspect that the Israelis are holding back on attacking Iran because of US pressure. Gene |
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04-23-2009, 09:55 PM | #18 |
Banned
Drives: 2008 Yaris Join Date: Oct 2008
Location: Pennsylvania
Posts: 1,034
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