The national average is now $3.90.

This is the number one reason the US is on the brink of recession. The majority of food and durable goods are transported by truck/rail and if the costs go up there it is reflected in retail pricing. The trickle-down effect is that it costs more to drive to go buy stuff that now costs more on the shelves- cost of living goes up so the employee needs a raise to compensate - but doesn't get that raise because nobody is buying stuff because it's too expensive to drive to the store and the stuff is too expensive.

People are not going out to dinner these days....instead they fill their gas tanks.
People are not planning annual vacations because it's too costly.
People are not going on weekend vacations....they are filling their gas tanks.
People are using their 'walk-around' money to fill their gas tanks.

I'm just venting - OPEC says they wil not release more barrels. Talk about Terrorism...we need to erradicate OPEC until we can figure out how to circumvent this oil problem. There is no reason for $100. barrels of oil-none.

Take a look at the OPEC numbers. OPEC nations are basically already producing the maximum amount of oil they can - they don't have the capacity to increase output. Of course they don't admit it publicly, since saying that the biggest oil cartel in the world is maxed out would be catastrophical.

Increasing supply doesn't solve anything. It's decreasing demand that is paramount.

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Agreed. But that will take years and we need solutions now.
If the gosh-darn tree huggers would smarten-up and work with us normal people we could have other local options- Mexico, Alaska, South America all offer options.........but NNNOOOOOOOO, instead we worry about owls and turtles...

Boy, I'm glad we have our priorities in order.

I'm glad we do. I will repeat myself, increasing supply doesn't solve anything. It's decreasing demand that is paramount. You can dig up all the oil you want, till the new deposits are tapped and oil starts flowing out, it'll be years. We should'nt waste that time fighting a battle that is lost and just postponing the outcome, we should invest it in doing what matters most and will in the end be a huge step towards solving the problem and getting back to an energy usage that is sustainable - reduce consumption by increasing efficiency.

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I agree reduce consumption increase efficiency invest in new technologies the sooner we move away from our oil dependency the better . With the economic rise of China and other emerging economies (India) demand is likely to to outstrip supply no matter how efficient we become.
We will also benefit from not being so dependant on countries like Saudi Arabia which causes us to turn a blind eye to their awful repressive regime the sooner we do not count countries like this as an Ally the better.

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"One must never forget that monetary union, which the two of us were the first to propose more than a decade ago is ultimately a political project. It aims to give a new impulse to the historic movement towards union of the European states. Monetary union is a federative project that needs to be accompanied and followed by other steps." — Giscard d'Estaing and Helmut Schmidt

Man, I would be the happiest man on earth if I could buy diesel for $3.90 a gallon. I live in the Netherlands and I have to pay €1.30 for a liter!!!! So this means that I pay here €4.92 a gallon. And since €1.00 = $1.56 this means I pay $7.68 a gallon.

Increasing the production wont stop the rising of fuel prices, we need to become less dependant on oil. In china live 1 billion people who all travel bicycle, what do you think what will happen if there wealth becomes so high that they can afford to drive cars?

Dutchie: you, as most Europeans are lucky today.
Imagine USA-ers used to pay 1 buck a gallon. Now: declining $ and a baril of oil at 110$.
As Euro is stronger... the clash of oil is hitting the USA fan more than it does your gulden... sorry, your Euro nowadays.

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-Sed quis custodiet ipsos custodes? (Decimus Iunius Iuuenalis).
Murphy was a bleedin' optimist!

That is absolutely true.
Well next time I see the bill for filling up my Opel I will think about it, maybe it softens the pain for my wallet.

Nothing can soften the pain ...........

The average price of a litre of unleaded petrol in the UK is 106.2p (£4.82 a gallon) and a litre of diesel is 112.7p (£5.12 a gallon).

The price of UK road fuel has risen 60% in the past 10 years.

$10 a gallon

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"One must never forget that monetary union, which the two of us were the first to propose more than a decade ago is ultimately a political project. It aims to give a new impulse to the historic movement towards union of the European states. Monetary union is a federative project that needs to be accompanied and followed by other steps." — Giscard d'Estaing and Helmut Schmidt

High gas prices will lead to the market naturally switching to an alternative fuel source. This is the free market at work. We don't need to subsidize gasoline to keep it around longer.

Maybe people will start walking more, and use some public transportation.

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