How much did you pay for gas today?

$3.85, premium was $4

 

$3.99 in indio, cali.

 

Milestone: Paid $4.05 for premium for the bike Saturday. $1.32 a litre in Québec today, which I calculate in my head to be just shy of $5 per gallon.

 

Speaking of kum and go....

Today I'm watching CNBC and see the price of gas was up 5 cents.

Went to the local Kum and Go, price of gas had gone up 10 cents from the day before. No one else in town had jumped the price yet.

 

indio is a shithole.

that is all.

 

You raise a good point. I was going to wait until this weekend to fill up (i.e. when I nearly on E), but I suppose it would likely be cheaper if I did it tomorrow.

 

Be glad you filled up there and not Chiriaco Summit, Calif. It's probably $4.25 at the home of the roadside Gen. Patton Museum.

 

i hope he takes a left on 5 and slaps you.

 

Anyone see oil went up to $140 a barrel yesterday?

(To clarify, that's for long-term oil futures. Spot market prices still topped $130.)

 

$3.62 in Ft. Lauderdale

 

Yeah, apparently T. Boone Pickens needed to get Oklahoma State a new quarterback so he mentions how he believe oil will hit $150 a barrel by the end of the year. Speculators hear it and start creaming their pants to be the first in line at $130.
Two questions...
1) Every bubble bursts. If these prices are getting too high for our economy to sustain, how tough is it on China? In Europe? So at what point does the bubble burst and we get back to something reasonable?
2) Is oil going up and up and up pretty much a self-fulfilling prophecy at this point? The world believes demand is tight, therefore it is tight, therefore we must charge more?
Say what you want about Rush Limbaugh, but he made a good point on his show a couple weeks ago. Hybrids are the new rage in cars, but the next generation of airliners, ships, etc., things that will last 20 or 30 years, are all designed to run on petroleum-based fuel. That would seem to indicate there's no immediate concerns of running out of oil any time soon.