Its not because crude is more expensive, its because our dollar isn't buying as much of it as in the past. You'll see this problem get worse and worse. I personally think you'll see it peak at ~$4.25-4.50 per gallon. At that point, the fuel prices will so grossly overbear us that our economy will finally crash, and when it does all hell will break loose.
Its not because crude is more expensive, its because our dollar isn't buying as much of it as in the past. You'll see this problem get worse and worse. I personally think you'll see it peak at ~$4.25-4.50 per gallon. At that point, the fuel prices will so grossly overbear us that our economy will finally crash, and when it does all hell will break loose.
Its a damn shame you can't pay for fuel in gold coins, cuz you'd get a LOT of gas.![]()
dollar will keep dropping and the fuel will keep skyrocketing.
Reason why the US dollar sucks........................
A $3 trillion war
Reason why the US dollar sucks........................
A $3 trillion war
I think the biggest problem is the fact that we don't have any mainstream alternative to fuel our cars. We have gasoline and that's pretty much it...save a few E85 stations. Once more alternatives arise like all electric cars, hydrogen fuel cells, and bio diesel you'll see the competion adjust the prices accordingly. At that point it will be an elastic product as oppose to an inelastic one that we see today. IMO the prices are like this because big oil knows the alternative fuels are on their way and this is their attempt to cash in big while they can. There's no lack of oil, they can simply charge higher prices and we have no alternative but to say...welp okay bend us over and do what you will.(bow)
from what i've heard Ethanol get you worse gas mileage, burns hotter(worse per performance) and if it wasnt for the goverment funding it would be triple the price
Plus, the current technology uses corn, and corn based ethanol is a boondoggle. Go down to your pantry and you will discover just how much of our food supply is corn based. Also, most of our livestock eats corn as well. The more ethanol we burn, the more expensive food will get. I like food. I'd hate to see it get so expensive that I couldn't afford to buy it.
and oil companies will continue to post record profits....that is what doesn't make sense to me.