Freakin gas prices, here we go again....

[John4cam]

Just dumped my F150 before the value of the truck drops due to fuel prices. Got into a Ford Fusion 25mpg city driving and 28/30 hgwy
F150= 13.5 driving with egg shell on gas pedal.
Went from $80 plus a week just to go to work to $30. Gonna miss the truck but, like extra cash in the pocket.

Wonder whats going to happen to the value of high hp v8 cars. Should be interesting.

[PaceFever79]

I doubt that domestic oil prices will sustain at this level.

The actual cost of oil is currently estimated at about $40 per barrel.

America actually decreased its demand for oil by nearly 10%

America has increased domestic production to over 50% of demand.

The majority of our imported oil comes from Canada and Mexico (neither are volatile supplies).

Global demand is still far below current supplies.

[Silverhatch]

No, the reason oil is so high is because of predatory speculation in the markets.

There is currently MORE capacity than demand, yet prices keep rising.

Answer that one logically and you have my attention.

Boom, thats what causes the price to rise everytime.