So I moved to Maui and sure enough cheap gas is $4.99 a gallon. F**k!. So I decide against buying a car and borrow a roommates spare Trek. My work is 5 miles away and I have to ride along the 4-lane highway and up 3 substantial hills with the 10 speed stuck in one gear. First 3 weeks life sucks because Im dying. Im very athletic(swimmer/surfer) my whole life and still I was contemplating saying f**k biking, get a car. 2 months later and 10lbs lost I'm addicted and biking 10 miles a day 5 days a week and biking atleast 5-10 miles a day on my days off. Okay so anyway I cruise by a used bike store in town and see an old road bike. The dude says it's a 1980's bike and I check out the frame which seems to be solid and I see that it has horizontal dropouts so I said sh*t ill take it. So im walking into town to pick the bike up tomorrow and would like to start ordering parts soon. I really want to build this myself and am very good at this kind of thing. I know what I need but just want to get some other riders opinions on what websites to order parts from? I will be 1 of 2 fixed gear riders.....on the WHOLE ISLAND!! So help is hard to find.I just want solid parts. Money is not an issue really but I'd like to start off basic, like not the cheapest possible way but a little bit better quality. Probably spending the most on new wheels. What do you think I should put more money into, what not to? Basically just using the frame. Been checking out EighthInch.com and it seems solid. Not into flashy bikes, the frame is black so im just going to go black and chrome. Riding a flashy bike would be a mistake out here haha. But anyway help would be greatly appreciated and all opinions listened to. Thanks guys

Some specs on the frame might be required. Bottom bracket size and type? Threadless or threaded? Is it just a frame or an entire bike?

1) Use paragraph breaks every now and then.

2) A road bike will be more useful especially with you having to go up AND down "3 substantial hills". Fixed gear bikes are better for flat terrain.

3) Get clipless pedals

4) Buying a-la-carte and shipping to Hawaii will be expensive. I know you say that money isn't a major issue. But, when your build + shipping costs comes out 2-3x as much as just buying an off-the-shelf bike, you'll see what I mean.

5) Since money isn't a major concern (I assume you have a decent job or whatever), get a road bike from a local shop or craigslist for basic transportation then work on your fixed gear as a side project. As much as I would love to have a 80's Porsche 911...it would suck to be my ONLY source of transportation.

6) A sweet road bike is just as cool as a sweet fixed gear.

It's a Peugot, just picked it up today.(54cm whole bike)

Rims and spokes rusty, brakes shot, not sure about brackets and if it's thread less im a noob.

I ride my friends 80's Trek 400t Elance as my primary everyday bike. Rides great

Was worried about shipping too but it's something ill deal with.

Its just a project and something id like to work on when I get off work just in my free time. My friend pretty much gave me his trek so ill have a road bike and hopefully a built fixed gear so I can pick and choose.

do you happen to know what year the bike was made? are the cranks cottered?
some of the threads on the bike could be french depending on the model year. you'll need to figure this out if you want to replace the cranks/bottom bracket or the front end of the bike.

french headsets/stems/forks/bars use slightly different diameters than usual.

Keep in mind that with a fixed gear, you'll have to pedal down the hills as well as up. It's a strange feeling, definitely different than bombing big hills with a freewheel setup. You may want to put some thought into creative options:

A flip-flop hub so you can run a fixed cog on one side and a freewheel on the other. Going down big hills fixed is a lot of work, and it's nice to have options. Since you're buying a new rear wheel, I would definitely consider this for flexibility. Beats being stuck fixed if you don't love it.

A Sturmey internally-geared hub is another route you could go. These really aren't that expensive, and the S3X is actually a three-speed fixed hub, so you'd have a low fixed gear for climbing and a high one for descending. You can also keep your nice singlespeed chainline, and they require significantly less maintenance than a derailleured bike.

This is a very good recommendation (no matter what you end up pedaling with them).