pilar

https://news.yahoo.com/news?tmpl=stor...pec_meeting_39

[OPEC will cut back on oil production early next year in a bid to stave off a further decline in the world price, Kuwait's oil minister said Thursday.

The comments by Sheikh Ahmad Fahad Al-Ahmad Al Sabah revealed what delegates to the Organization of Petroleum Exporting Countries had agreed in informal discussions ahead of their formal meeting on Friday.

Asked when the cut in production would start, Al Sabah said: "Everyone has committed for next month, maybe to start from February." ]


sweet!

TechJD

well if they cut back then we pay higher prices
like $2.00 a gal isnt high enough

pilar

haha, if they could only accurately represent sarcasm in a smiley form... hell, not that i blame opec. they're the amusment parks that sell bottled water for $5, and americans are the ill-prepared patrons who arent smart enough to sneak in their own water.

TechJD

they charge it cause the poeple will pay it

Dahon.Steve

I guess the Sheikh wants to make another billion dollars like he really needs the money. Insanity.

What gets me folks is that it will have zero effect on SUV purchases in 2005.

Nicodemus

No, actually, it isn't nearly high enough, judging by the number of behemoths that still roam America's roads - and are in fact still rising in size and popularity.

Hell, even the astronomic prices in Europe aren't high enough considering the rampant proliferation of said vehicles on this side of the pond as well.

IronHorse

My heart bleeds for you. 80 pence per litre in the UK.
You can do the math but it's a sight more than $2 per gal (even US Gal )

andygates

Chuckle.

Grasschopper

Who is paying $2 a gal still? Around here prices have gone down a lot lately and currently we are paying $1.75 for Regular and $1.95 for Supreme. My guess is the prices do go back to just over $2 a gal and personally that is fine by me, just ride my bike more.

Jessica

Anyone else who can contribute prices from other countries... I keep telling my friends that we may be paying more than we are used to, but we are paying less than any other country that is not in the Middle East...

IronHorse

There you go:

https://www.energy.ca.gov/gasoline/st...ne_prices.html

https://money.cnn.com/pf/features/lis...ces/price.html

https://www.eia.doe.gov/emeu/international/gas1.html

https://www.1stfamily.com/gasoline/gasoline257.html

Rescue35

Regular here is ~$1.70 Per Gallon for regular.

Of course we do have the largest refinery in the western hemisphere here on Island.

ajay677

About $0.70 per liter here today. That's around $2.70 for a U.S. gallon.

Paul L.

We are at 1.95 at the cheap stations here in Arizona (Phoenix Metro Area) still. Nice to be a bike commuter over the past two years.

PainTrain

One of the newspapers here in the Sacramento area did a survey asking people how high prices had to go to spur a change in their driving behavior.

The general response was: "...at $2.50 a gallon, I'll start riding a bike."

Prices in the Sacto area topped out at around $2.30, then headed back down.

Coincidence? No such thing.

TechJD

80 pence per litre in the UK. = 5.80 US per gal
but then what does the average car over there get per mile
here I think the average is just above 25 miles per gal

and I remember see a commerical that cars like the mini cooper got like 50 miles per gal back in the 60s

noisebeam

I am all for gas prices to reflect a true (near) unsubsidized cost - especially as it affects the everyday driver and car manufacturers.

However before cyclists celebrate the increase in gas (really oil) prices keep in mind it will raise the price of everything else from groceries, heating costs and just about everything...

Al

TechJD

and then only the rich will drive cars
we'll end up back like the horse and buggy days

LilNole

Tallahassee FL still is. the lowest regular gas here is 1.90. the highest for regular is around 2.08. the highest it ever went was 2.50 for regular, that was around June or July. i traded in my Ford Explorer in for a 2004 Nissan Sentra....i miss that i cant just throw my bike into the back of the explorer but i dont miss spending $40 a week in gas. hopefully more people will do the same, trade in their big SUV's for cars or less gas consuming smaller trucks. unfortunately, i cant ride my bike to work....it's just not safe. the roads and drivers on the side of town that i work on is chaos. there arent very many bike lanes and most people DRIVE in the bike lane!

powers2b

I just returned from Paris.
1.18EUR/Liter = $1.56/L = $5.90/gallon
36.61 L (9.7 gallons) to fill my Peugot cost 43.20 Eur = $57.02

I love my SUV...what else would I use to carry my bikes around in??

scarry

Well judging by the traffic congestion on the roads, and the gas guzzling vehicles being driven, looks like it isn't high enough.

Guest

Why people keep comparing the price of gas here to other countries still baffles me. Those countries have TAXES way more than what our taxes are added into the price of gas. What you should be doing if you're going to compare prices is find out what the price of the gas is BEFORE they slap all their surplus taxes on top of it. Then we start to get an idea of what Europeans vs. USA pays for a gallon of gas.

Koffee

Rowan

Start with the price of a barrel of crude?

Guest

Yup, that would be best.

Koffee

hi565

Yay its called bush is already ****ing up everything ad our relations with oil countrys yay!

damn why why why did bush have to win.