$96.80 a barrel oil...do I hear $100?

[n2doc]

Soon....

[NightWatcher]

1. we'll see that within a week

what's gas at for you?

We have been flirting with the $3 mark and we finally lep it in grand fashion yesterday.

[n2doc]

3. $3.00 or so in Savannah, GA

I think we will see $3.50 pretty soon if this keeps up. The refiners will not keep cutting their margins as crude keeps going up.

[Kermitt Gribble]

7. $2.93 to $3.03 for regular unleaded here.

It's been creeping up steadily from around $2.65-$2.75 for the past few weeks.

[truebrit71]

2. By the end of this week....it'll be mid 100's by summer next year..

...

[Squatch]

4. Why are prices, at least in my neck of the woods, not increasing?

gas has been hovering around 2.79 a gallon for the longest time.

[Subdivisions]

5. Fasten your seatbelt. n/t

[ProdigalJunkMail]

6. a VAST amount of the increase in the price of oil is due to weakness

in the dollar. I am not a mathematician but have read that as much as 45% of the increase is due to the falling dollar. And that seems to have been confirmed whilst in the UK this week. Since my last trip, the price of a barrel of oil has increased from $70+ per barrel to now over $95+ per barrel and yet the price of petrol here has moved almost none.

sP

[kysrsoze]

9. That and speculators trying to push the "bullish" market over the "psychological barrier"

I kid you not - this was in the mainstream news this morning. I think it's about 50-50 here. A LOT of greedy people stand to benefit from $100/barrel prices. Of course, it's likely the only thing which will encourage conservation and alternative energy sources - a nice punch right in the pocketbook.

[n2doc]

10. yep- Gold over 800, Canadian Loonie at 1.08....

Seems like a "controlled panic". One of these days we may see a full out panic as governments drop their dollars all at once. I think many are doing so as fast as they think they can get away with it.

[ProdigalJunkMail]

13. well, the good news is they really can't 'drop' dollars...

that would really hurt...but they sure as hell can stop buying them...

sP

[Kermitt Gribble]

8. Glad I have a good bicycle to ride!

[Sabriel]

11. I'm more concerned about diesel prices

I can control my gas consumption to some extent, but I have to eat. And food prices are up noticeably lately. I don't know how fixed income and low income people will make it through the winter. Very scary.

[Marrah_G]

16. add in rising heat costs and we aren't going to make it through the winter

[B Calm]

12. In the good old days Saddam Hussein use to flood the oil market with cheap oil

hmmm....

[movie_girl99]

14. gas went up 19 cents in 2 days

I got gas at Costco in a Dallas suburb on Friday for 1.63. My husband went on Sunday and it was 1.82. Frickin' ridiculous.

[Marrah_G]

15. The rising prices are going to break me

Over 300 dollars for 100 gallons of heating oil now. Not sure how I will get through the winter. I can't save enough to switch to another form of heat so I am stuck.

The whole thing sucks.

Rises in gas, oil heat and food prices are suffocating the working/lower class.

[bullwinkle428]

17. I've been running numbers to determine how expensive gas

has to get, where it will then make sense to dump my current (paid-for) car for something with significantly improved fuel economy. In my case, there are only two (new) cars that fall into that category at the present time - Prius and Civic Hybrid. Based on the number of miles I drive each for my commute, it will probably have to pass $6 per gallon. I'm just hoping the price doesn't shoot up too quickly, and the cars available a year or two from now will offer even better mileage...