[Asvi]

Originally Posted by YOUSUFofSD

man i'm old enough to remember driving to florida and it being like 99 cents a gallon...

that sad bro hahhaa...j/k

[shadha]

All this time I've been looking at the Diesel prices for gas. Teeehehehehehhee.

It turns out that I'm actually paying 3.35ish a gallon.


shadha-

[TrentReznor858]

I want a hybrid!!

[sumiyia]

Originally Posted by shadha

All this time I've been looking at the Diesel prices for gas. Teeehehehehehhee.

It turns out that I'm actually paying 3.35ish a gallon.


shadha-

ahahahaha!! i knew it!! i kept looking at the PA gas prices map and things just werent adding up...

[shadha]

That's my bad.


shadha-

[Haramoobobi]

TOO MUCH. .

[Haramoobobi]

Oil hits record at $108 a barrel

The cost of petrol in the US and UK is soaring

The price of crude oil has hit an all-time high for the fifth time in six trading sessions. New York sweet light crude touched a new high of $108.21 a barrel, before edging down to trade at $107.93.
Analysts say traders are investing in commodities to protect themselves against the falling dollar.
Another factor pushing up prices is last week's decision by producers' cartel Opec to keep output unchanged, despite rising demand in China.
The dollar has been reaching new lows against the euro and other key currencies since last summer, and was hit again on Friday by a US employment report showing the labour market at its weakest in five years.
This has prompted traders to seek refuge in commodities, including oil and gold, which are more likely to sustain their value than the greenback.
In Europe, Brent crude hit $104.42 at one point on Monday - also a record.
Financial strain
Analysts at the International Energy Agency said that real oil prices are higher than the previous peak reached in April 1980, which was $102.53 in today's money.
But the oil price measure used then was slightly different to the one in current use and so it is difficult to make an accurate comparison.
The high oil price is making petrol and energy costs more expensive around the world, putting financial pressure on businesses and household budgets.

[Kaminyu]

Originally Posted by Haramoobobi

Oil hits record at $108 a barrel

The cost of petrol in the US and UK is soaring

The price of crude oil has hit an all-time high for the fifth time in six trading sessions. New York sweet light crude touched a new high of $108.21 a barrel, before edging down to trade at $107.93.
Analysts say traders are investing in commodities to protect themselves against the falling dollar.
Another factor pushing up prices is last week's decision by producers' cartel Opec to keep output unchanged, despite rising demand in China.
The dollar has been reaching new lows against the euro and other key currencies since last summer, and was hit again on Friday by a US employment report showing the labour market at its weakest in five years.
This has prompted traders to seek refuge in commodities, including oil and gold, which are more likely to sustain their value than the greenback.
In Europe, Brent crude hit $104.42 at one point on Monday - also a record.
Financial strain
Analysts at the International Energy Agency said that real oil prices are higher than the previous peak reached in April 1980, which was $102.53 in today's money.
But the oil price measure used then was slightly different to the one in current use and so it is difficult to make an accurate comparison.
The high oil price is making petrol and energy costs more expensive around the world, putting financial pressure on businesses and household budgets.

The price of oil isn't really what's changing now, just the value of the dollar. The price of oil hasn't really changed since 2003.

[thejellymill]

It's 3.38 - 3.40 on my campus and in my hometown its around 3.28. On my sister's campus it's about 3.33.

1) My husband's happy b/c he's in the oil business

2) I dont own a car. The only time I ever use a car is when I need to get back home from school (carpool and split gas), otherwise I use buses, trains or my bike

[IbnMardhiyah]

One of my brothers-in-law basically went the route of "if you can't beat 'em, join 'em"

He has shares in oil now and as gas prices go up, so does the value of his shares. He ends up gaining a lot more from the spread on the shares than he's lost on the increased prices at the pumps.

[bravotwozero]

Originally Posted by thejellymill

I dont own a car. The only time I ever use a car is when I need to get back home from school (carpool and split gas), otherwise I use buses, trains or my bike

Finally, a sane person in this freakin' country. Every idiot here is buying and driving MASSIVE, ridiculously oversized SUVs like there's no tomorrow. I highly doubt all of them can afford the awful gas mileage that these vehicles usually have.

[DramaRani]

Originally Posted by YOUSUFofSD

man i'm old enough to remember driving to florida and it being like 99 cents a gallon...

I'm younger than you, and I remember when gas was $0.95! People used to complain when it would go up to $1.04 . Even if gas was like 2 bucks, it be heavenly.

[HijabiPrincezz]

it went up to $3.27 here for unleaded!!!

thank god that we get a 10 cents off discount per gallon at our local grocery store if we spend over a $100 on grocery per month...which we do pretty much. but thats onyl if we get gas from there...that means no realizing two minutes before heading out to drive to class that my orange light turned on. otherwise i have to pay the full $3.27 cause that grocery store isnt on my way there. (and im ususally in a rush in the mornings...)

[jaani]

Currently $3.11 - $3.20......

~j

[zzze]

Assalamu alaykum

why do you guys pay attention to it if you have to buy it anyway?

we pay 16p per litre here