$5.00 gas and the 18 mpg city/26mpg Highway 370Z

cstr_Cali · 11-25-2008, 06:12 PM

^ You've made a HUGE point. The energy sector and automobile industry will never be the same from here on out. We're moving towards not only using more alternative energy, but alternative powertrain technology, and its' not so much the consumer but society that demands it. In addition, (as mentioned) people that once did a lot of commuting in their own personal transportation are looking to other alternatives as both a cost effective and environmentally-friendly means. This isn't something that will be a short lived trend, this is long term. With all of that said car makers will be producing products that consume less and use alternative forms of energy and propulsion. Combine that with a continuing decline in demand for oil gas prices will surely drop continuously over the long term, permanently.

AK370Z · 11-25-2008, 10:10 PM

I don't see gas prices rising again unless there are hurricanes. Blackbullet, you did make a good point. People are smarter now because they have seen it. They have filled their gas tank with $4.35/gallon for regular. Automakers also realized that making gas guzzler is NOT the way to get ahead in the game. I am just hoping everything stays the way it is... Filling up my gas tank with $2.19/gallon premium is

BanningZ · 11-26-2008, 12:07 AM

As much as I would like to agree with Blackbullet the truth is our current situation is similar to the gas issues which happened in the seventies and eighties.
After major gas hikes, prices did lower eventually like we currently seeing. During that process we saw many Japanese auto makers get their start or first leap. The big difference with now and the 1970s-80s was China was not nearly a factor then.

China has become the new super economy. They dictate oil prices, and they are the ones using the oil. As a consumer, America has taken a back burner to China and our "crying foul" is not really an issue that OPEC feels a concern for anymore. Keep in mind that energy costs are not just from Gasoline. You also have to factor in Natural gas, coal, Crude and light sweet crude, as well as various forms of hydro/wind produced electricity. The majority of these resources now belong to the Chinese markets. Also keep in mind that Asian markets(China) hold 43% of our treasury bills and that means that the U.S. can't scream at China like it used to when they started taking more resources then we deemed fair.

The U.K. has been paying ridiculous prices for petrol for years, and now the time has come for us to feel the bite. I think the current gas prices are just market manipulation by lobbyists and the politicians that work for them.

100 Pence= 1₤
1.00 GBP= 1.53549 USD
1 US gallon = 3.78541178 liters
current petrol prices=92.7P/liter

92.7 x 3.78541178= ₤3.509076
₤3.509076 x 1.53549=$5.388151

In the UK they are paying $5.38 a gallon. Prices are currently down. In some places in June 2008 they were paying ₤1.99 a liter or $11.50 a gallon.

Just food for thought, but I hope the rest of you are right. I like that I can fill the Scion up for $19.

In the end I'm just an optimistic pessimist. I hope for the best but expect the worst.

11-25-2008, 10:10 PM	#2 (permalink)
AK370Z Administrator Join Date: Sep 2008 Location: NJ Posts: 9,930 Drives: 09 370Z MB Sports M6 Rep Power: 10	I don't see gas prices rising again unless there are hurricanes. Blackbullet, you did make a good point. People are smarter now because they have seen it. They have filled their gas tank with $4.35/gallon for regular. Automakers also realized that making gas guzzler is NOT the way to get ahead in the game. I am just hoping everything stays the way it is... Filling up my gas tank with $2.19/gallon premium is __________________ The370Z Signature Pictures ll Want to rock our forum decals on your car? Then click here! ll How to Embed YouTube Videos In a Post STOP! (Hammertime) ll Become a Premium Member Click HERE ll F.A.Q. Are You a Nissan Dealer? Click Here to Become A "Supporting Dealer" and Start Listing Your 370Zs In Our Inventory Section My Monterey Blue Z ll My Exhaust --> My Intake --> G3 Nissan's Official Response Regarding Oil Temp Issue: CLICK HERE Need a Set of Cheap Winter wheels /Tires? Then Visit The Banner Link Below and Place Your Order. You'll Help Keep The370Z Alive.

11-26-2008, 12:07 AM	#3 (permalink)
BanningZ A True Z Fanatic Join Date: Nov 2008 Location: nowhere Posts: 5,478 Drives: 06' Nismo Frontier Rep Power: 29	As much as I would like to agree with Blackbullet the truth is our current situation is similar to the gas issues which happened in the seventies and eighties. After major gas hikes, prices did lower eventually like we currently seeing. During that process we saw many Japanese auto makers get their start or first leap. The big difference with now and the 1970s-80s was China was not nearly a factor then. China has become the new super economy. They dictate oil prices, and they are the ones using the oil. As a consumer, America has taken a back burner to China and our "crying foul" is not really an issue that OPEC feels a concern for anymore. Keep in mind that energy costs are not just from Gasoline. You also have to factor in Natural gas, coal, Crude and light sweet crude, as well as various forms of hydro/wind produced electricity. The majority of these resources now belong to the Chinese markets. Also keep in mind that Asian markets(China) hold 43% of our treasury bills and that means that the U.S. can't scream at China like it used to when they started taking more resources then we deemed fair. The U.K. has been paying ridiculous prices for petrol for years, and now the time has come for us to feel the bite. I think the current gas prices are just market manipulation by lobbyists and the politicians that work for them. 100 Pence= 1₤ 1.00 GBP= 1.53549 USD 1 US gallon = 3.78541178 liters current petrol prices=92.7P/liter 92.7 x 3.78541178= ₤3.509076 ₤3.509076 x 1.53549=$5.388151 In the UK they are paying $5.38 a gallon. Prices are currently down. In some places in June 2008 they were paying ₤1.99 a liter or $11.50 a gallon. Just food for thought, but I hope the rest of you are right. I like that I can fill the Scion up for $19. In the end I'm just an optimistic pessimist. I hope for the best but expect the worst. Last edited by BanningZ; 11-26-2008 at 12:21 AM.

11-25-2008, 06:12 PM	#1 (permalink)
cstr_Cali Enthusiast Member Join Date: Nov 2008 Location: SoCal Posts: 347 Drives: smoke grey Rep Power: 573	^ You've made a HUGE point. The energy sector and automobile industry will never be the same from here on out. We're moving towards not only using more alternative energy, but alternative powertrain technology, and its' not so much the consumer but society that demands it. In addition, (as mentioned) people that once did a lot of commuting in their own personal transportation are looking to other alternatives as both a cost effective and environmentally-friendly means. This isn't something that will be a short lived trend, this is long term. With all of that said car makers will be producing products that consume less and use alternative forms of energy and propulsion. Combine that with a continuing decline in demand for oil gas prices will surely drop continuously over the long term, permanently.