gas prices
Joined: May 2006
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RE: gas prices
Well i drive an suv Expedition, 87 is 2.86 cost 70.00 to fill it up yesterday, thats in TNI also have an old 86 porsche 944 awesome gas milage and fills up for 30.00. Its always worse inCA I feel sorry of you guys out there
Joined: Jul 2006
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From:
RE: gas prices
3.17-3.30 for prem ! and i ride a 06-1000rr and get about 120 before light comes on. i have been tryig to get into sixth more offten around town when i got a mile or two of open road no speeding just trying to get the most out of the gas i can .. i also have a 95 camry that gets 30-40 a gallon so i might be ridding only at night since the camry has cold ac and still gets that millage and it hot as hell here in az !(tucson, az)
Senior Member
Joined: Jul 2006
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From: Middletown OH
RE: gas prices
ORIGINAL: jaynd
so far i only seem to get 130 miles before reserve bars light up. i read on here somewhere that one or two guys were getting 180!!!!!!!! i'd like to see THAT on my bike!
so far i only seem to get 130 miles before reserve bars light up. i read on here somewhere that one or two guys were getting 180!!!!!!!! i'd like to see THAT on my bike!
Senior Member
Joined: Aug 2005
Posts: 274
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From: Germany
RE: gas prices
could you imagine paying a quarter for a gallon of gas? I only remember paying 90 something cents a gallon 6 years ago : (
http://money.cnn.com/2007/05/04/news...ex.htm?cnn=yes
Where gasoline is cheapAnd why places like Saudi Arabia, Iran, China and Russia are making it more expensive for you.By Steve Hargreaves, CNNMoney.com staff writer[/align]May 4 2007: 5:49 PM EDT[/align]NEW YORK (CNNMoney.com) -- In Saudi Arabia gasoline costs about 45 cents a gallon. In Iran it's 33 cents. Venezuelans pay less than a quarter.These absurdly low prices are a direct result of massive government subsidies.
While these numbers are not adjusted for cost of living, it's fair to say that drivers in those countries are getting a good deal. But it's straining government budgets. More importantly, it's not allowing the free market to do its job. Higher prices on the open market are not leading to a drop in demand, which is keeping the cost of oil high for everyone else."Roughly two-thirds of new oil demand is coming from countries that have subsidized oil markets," said Christopher Ruppel, a senior geopolitical analyst with the consulting firm John S. Herold. "So demand is not going to be affected if oil goes from $60 a barrel to $80."By no means does this let motorists in the United States off the hook. Gasoline consumption in this country has been rising even faster than normal, around 2.5 percent annually over the past couple of months, despite average prices in excess of $3 a gallon, close to an all-time record.But countries where consumption is rising the fastest may be surprising.With its white-hot economy, it's no surprise China tops the list. The country's oil demand is projected to grow 7.5 percent this year, according to statistics provided by Ruppel. Ruppel said China still has gasoline subsidies, although lately the government has been trying to whittle them back. The average price for a gallon of gas in Beijing is $2.44, according to the research group AIRINC, which provided all the gasoline price numbers in this story.But the second-highest demand growth isn't in the fast-growing economies of India or Brazil. It's Saudi Arabia, projected to consume 5.6 percent more oil next year, according to Ruppel.Iran is number three, guzzling 3.3 percent more.Russia and Egypt, which Ruppel said both have heavy gas subsidies, are also high on the list.And the raw numbers aren't small either. The Saudis used more than 2 million barrels of oil per day in 2006, and the Iranians used 1.7 million. India, a faster-growing economy with far more people, used 2.5 million. (By comparison, the United States used about 24 million barrels a day, nearly 10 times as much as India, despite having a population barely one-fourth as large and an economy just three times bigger.) "Maybe it's adding up," said Lou Pugliaresi, president of the Energy Policy Research Foundation.Pugliaresi said his group hadn't done any particular studies on subsidies and how they relate to worldwide demand growth and prices but added, "There are places where it's serious, and some of those populations are big enough to make a difference." Katherine Spector, head of energy strategy at JPMorgan, (Charts, Fortune 500) said the bank did a study on price supports and demand a couple years back. Not only was demand rising fastest in countries that had subsidies, it also greatly scaled back once the subsidies were reduced, as happened in Thailand and Indonesia."A subsidy tells consumers they don't need to adjust their behavior," said Spector.Of course, subsidies are just one contributor to high oil and gas prices, noted
http://money.cnn.com/2007/05/04/news...ex.htm?cnn=yes
Where gasoline is cheapAnd why places like Saudi Arabia, Iran, China and Russia are making it more expensive for you.By Steve Hargreaves, CNNMoney.com staff writer[/align]May 4 2007: 5:49 PM EDT[/align]NEW YORK (CNNMoney.com) -- In Saudi Arabia gasoline costs about 45 cents a gallon. In Iran it's 33 cents. Venezuelans pay less than a quarter.These absurdly low prices are a direct result of massive government subsidies.
While these numbers are not adjusted for cost of living, it's fair to say that drivers in those countries are getting a good deal. But it's straining government budgets. More importantly, it's not allowing the free market to do its job. Higher prices on the open market are not leading to a drop in demand, which is keeping the cost of oil high for everyone else."Roughly two-thirds of new oil demand is coming from countries that have subsidized oil markets," said Christopher Ruppel, a senior geopolitical analyst with the consulting firm John S. Herold. "So demand is not going to be affected if oil goes from $60 a barrel to $80."By no means does this let motorists in the United States off the hook. Gasoline consumption in this country has been rising even faster than normal, around 2.5 percent annually over the past couple of months, despite average prices in excess of $3 a gallon, close to an all-time record.But countries where consumption is rising the fastest may be surprising.With its white-hot economy, it's no surprise China tops the list. The country's oil demand is projected to grow 7.5 percent this year, according to statistics provided by Ruppel. Ruppel said China still has gasoline subsidies, although lately the government has been trying to whittle them back. The average price for a gallon of gas in Beijing is $2.44, according to the research group AIRINC, which provided all the gasoline price numbers in this story.But the second-highest demand growth isn't in the fast-growing economies of India or Brazil. It's Saudi Arabia, projected to consume 5.6 percent more oil next year, according to Ruppel.Iran is number three, guzzling 3.3 percent more.Russia and Egypt, which Ruppel said both have heavy gas subsidies, are also high on the list.And the raw numbers aren't small either. The Saudis used more than 2 million barrels of oil per day in 2006, and the Iranians used 1.7 million. India, a faster-growing economy with far more people, used 2.5 million. (By comparison, the United States used about 24 million barrels a day, nearly 10 times as much as India, despite having a population barely one-fourth as large and an economy just three times bigger.) "Maybe it's adding up," said Lou Pugliaresi, president of the Energy Policy Research Foundation.Pugliaresi said his group hadn't done any particular studies on subsidies and how they relate to worldwide demand growth and prices but added, "There are places where it's serious, and some of those populations are big enough to make a difference." Katherine Spector, head of energy strategy at JPMorgan, (Charts, Fortune 500) said the bank did a study on price supports and demand a couple years back. Not only was demand rising fastest in countries that had subsidies, it also greatly scaled back once the subsidies were reduced, as happened in Thailand and Indonesia."A subsidy tells consumers they don't need to adjust their behavior," said Spector.Of course, subsidies are just one contributor to high oil and gas prices, noted
