What are you paying for a gallon of Premium?

chops

you under 4 dollar people suck. i filled up at 4.19 yesterday!!

StLRedrider

ouch!!!!

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Dream as if you'll live forever, live as if you'll die today J.Dean

Cmike2780

We will all be at $4 soon enough....although you'll probably be at $5 when that happens

Funny enough, my relatives in Sweden and Norway wouldn't mind paying $4/gal. Maybe the high prices can be a good thing in the long run. I just feel bad for people who can't afford the extra increase, but have no choice but to pay up. I just don't understand how speculation dictates prices instead of supply and demand. I alot of "smart" people in Wall Street are making a fortune on this as we speak, and we aren't producing any less fuel than normal.

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[09][MB][6-Spd MT][Touring][Stillen Gen III][K&N][Borla CBE][Evo-R]

spinhead

Libyan Oil Output Falls by Half

Speculation isn't some mythical beast... prices were where they were with no ripples in the supply. Now there are ripples, prices go up.

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Consequences will never be the same.

Cmike2780

Yes, but the ripples don't justify the percentage increase we've seen in the past couple of weeks. A ripple shouldn't amount to a tsunami. I know oil demand is global, but when you think about it, a small percentage of crude oil from Lybia actually makes it to the US market. We rely heavily on Canada (18%) & Saudi Arabia (11%).

Speculation is very real because the supply hasn't really impacted the global market just yet. Maybe this week, this month or next year, but certainly not two weeks ago. Because the likelyhood is very realistic, the price has increased ahead of the actual demand. The speculators assume that from this point, those who rely on Lybia will go elsewhere thereby increasing demand from other countries who's oil supply is already alocated for. My intent is not downplay the Lybian crisis, because it will affect us sooner or later. I'm just saying, we shouldn't have to pay more until the actual supply decreases. It's like trying to sell a 370z for a million dollars today because it could be worth 2 million a hundred years from now. Thats a bit exagerated, but you get my point?

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[09][MB][6-Spd MT][Touring][Stillen Gen III][K&N][Borla CBE][Evo-R]