Airlinerfreak From , joined Dec 1969, posts, RR: Reply 6, posted (8 years 8 months 2 weeks 13 hours ago) and read 1257 times:
Yes but don't forget this is the beginning of when people start to take car trips in mass numbers, because we re beginning to go into the season called Summer. After Summer or Labor Day weekend the prices drop. It simply goes in cycles.
Copaair737 From , joined Dec 1969, posts, RR: Reply 10, posted (8 years 8 months 2 weeks 10 hours ago) and read 1215 times:
Up here in Eureka, CA, gas prices have now topped 3 dollars a gallon. Things are just getting ridiculous. Sooner or later, I suppose the bubble will break, but I don't see how they could get much higher. 3 dollars a gallon! I remember when I didn't think I would ever see it top 2 dollars.
Aa777flyer From , joined Dec 1969, posts, RR: Reply 12, posted (8 years 8 months 2 weeks 8 hours ago) and read 1183 times:
I wont say never, but I HIGHLY doubt we will ever see $30 a barrel again. We wont even likely see the low $40's. Goldman Sachs is actually predicting oil will spike to $105 a barrel by this time next year. I dont really believe that. I personally think we will stay in the $50-60 range for some time, about the next 5-6 years or so. Then it will move its way up. This is just like when gas went above $1.00 a gallon, no one could believe it, same thing with $2.00 a gallon gas, we will simply have to get use to it.
One thing would help would be if Americas love affair with the gas guzzleing SUV would die, and people would buy more sensible cars it would help keep things somewhat level and not subject to such rapid price increases.
Then again if we kick this Jackass Bush out of the Whitehouse and end his ties with his buddies at Haliburton and the Saudi Arabia it probably would not hurt either.
Aa777flyer From , joined Dec 1969, posts, RR: Reply 15, posted (8 years 8 months 2 weeks 5 hours ago) and read 1142 times:
Quoting Falcon84 (Reply 13): I think it was Morgan Stanley who said they thought gas prices would spike around $105 a barrel within a year, so $30 would be a godsend!
Seriously, if that happened, I and every employee in the airline business would be delirous with happiness, trust me.
It would instantly and dramatically change the playing field. It would quicky pull UA, US out of CH11. AA/DL/CO/NW would be making money. While WN would still have a pricing advantage at it $26 per barrel hegde their HUGE price advantage in this area would be much smaller.
HOWEVER, I think your chances of winning the lotto are greater than seeing $30 prices again.
N1120A From United States of America, joined Dec 2003, 26005 posts, RR: 78 Reply 16, posted (8 years 8 months 2 weeks 4 hours ago) and read 1136 times:
Quoting Airlinerfreak (Reply 11): I know exactly what you mean Mike. We are dealing with the same thing down here south of you in Southern California. It is a never ending plague it seems like.
You can't drive, so how does it make a difference?
Honestly, current oil prices are where they are for two major reasons. One is the refusal of the Bush Administration to release (and stop filling) the Strategic Oil Reserve like Clinton did the last time gas was going over $2 per gallon. The threat, and temporary release at that time brought oil prices back in check. The second problem is oil speculation which has run rough shod over our economy and showered oil companies in cash, hence the new round of consolidation led by Chevron-Texaco's take over of Unocal.
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
Airlinerfreak From , joined Dec 1969, posts, RR: Reply 18, posted (8 years 8 months 2 weeks 2 hours ago) and read 1109 times:
Quoting N1120A (Reply 16): You can't drive, so how does it make a difference?
Very true, but I dont see your point. My parents still have to pay the hefty prices. Also, I am allowed to be involve in the problems this world is facing. Also we still need to fill those reserves in case another Terrorist attack happens or something catostrophic happens. It is better to be safe than sorry.