Oil hits $132 a barrel today - Focaljet

**focaljet-1** · 05-21-2008, 11:25 AM

Just thought I'd tell ya.

**jinstall** · 05-21-2008, 11:27 AM

WOOHOO Come on $150!

That means it will be like $10.30 a gallon to fill up the race car this weekend.

**belacyrf** · 05-21-2008, 11:29 AM

You know what sucks... is speculators can literally make their own money. The more they buy the futures, the more the futures price goes up, the more the price of gas goes up, the more "fear" that gas is limited, and it's completely circular! It's like a savings account that has a variable interest rate that is guaranteed to go up with every dollar you put in.

This is just rediculous!

**Dannyboy** · 05-21-2008, 11:33 AM

Yup. Gas just hit 3.78 here in St. Louis, MO.

It's only getting worse.

--Dan

**Red-SE-00´** · 05-21-2008, 11:34 AM

im investing in schwinn and huffy.

rofl

**Business** · 05-21-2008, 11:46 AM

You'll enjoy (or be pissed off) by this article:

http://www.businessweek.com/lifestyle/content/apr2008/bw2008041_945564.htm?chan=top+news_top+news+index_ businessweek+exclusives#=rss

Check out point three for the speculation discussion.

**focaljet-1** · 05-21-2008, 11:46 AM

I just saw $3.99 here today for the first time.

**BUR_ZX3** · 05-21-2008, 11:53 AM

Paid $55.00 to fill up the Celica last week. 4.009/gal

Thankfully, it was for 440/miles but damn, $0.13/mile in fuel cost alone!

**bigdaddyzx3** · 05-21-2008, 11:53 AM

I'm fairly certain if I met someone that got rich off of oil futures at a party or something, I'd just deck him.

**jinstall** · 05-21-2008, 11:54 AM

It is ok, once it hits $170 a barrel most "normal" people will no longer be able to go to work. This will then bring the price down.

Now my fear, all this money that is going to the Middle East, what is it funding.

**belacyrf** · 05-21-2008, 11:54 AM

Quote:

Originally Posted by Business

You'll enjoy (or be pissed off) by this article:

http://www.businessweek.com/lifestyle/content/apr2008/bw2008041_945564.htm?chan=top+news_top+news+index_ businessweek+exclusives#=rss

Check out point three for the speculation discussion.

Yup... as I said, speculators are basically making their own money.

**aaron_zx3** · 05-21-2008, 12:08 PM

WOWOWOWOW that just sucks right there... thank goodness I bought an MX-5 when I did.

**BRZX3R** · 05-21-2008, 12:08 PM

We were at $3.99 9/10 last week for a few days for 87 octane, and 93 was $4.2x. Yesterday 93 dropped to under $4.00, so I filled up just to be on the safe side of the holiday weekend. I was thinking this morning about digging my bike out of the storage shed and start riding it to work. I am only 5 miles from work, so I am not sure if I will do it or not. I don't want to be stinky for the rest of day!

**bigdaddyzx3** · 05-21-2008, 12:14 PM

Quote:

Originally Posted by jinstall

Now my fear, all this money that is going to the Middle East, what is it funding.

All this money is not going to the middle east. (well some of it is)

This money is lining the pockets of the already super-rich in this country and other countries all over the world.

It's 'futures' commodity pricing.

**kennan J** · 05-21-2008, 12:17 PM

they will get theirs in time, the bastards

**Erica** · 05-21-2008, 12:48 PM

Quote:

Originally Posted by focaljet-1

Just thought I'd tell ya.

Ron, was that taken out in the (socal) valley? Sherman Oaks? It looks like the prices from gas station down the street from the other with full-serve over $5 bucks.

**CTZX3** · 05-21-2008, 12:52 PM

Quote:

Originally Posted by bigdaddyzx3

All this money is not going to the middle east. (well some of it is)

This money is lining the pockets of the already super-rich in this country and other countries all over the world.

It's 'futures' commodity pricing.

Hell Yeh

my Mutual funds are making me super rich

**bigdaddyzx3** · 05-21-2008, 01:31 PM

Quote:

Originally Posted by CTZX3

Hell Yeh

my Mutual funds are making me super rich

I know you're kidding... Mutual funds are putting a 'little' money in peoples pockets from this, but it's the guys that are putting millions in that are reaming us.

**brads03zx3** · 05-21-2008, 01:35 PM

I'm trying to figure out what I would do if I were in their situation. I'd probably be willing to piss off a few million people in order to retire at the age of 22

I'd make it all better by buying my parents some land, a house, and a shop, then give several hundred thousand $ to the red cross and homeless shelters for the damage I've caused the American people

**bigdaddyzx3** · 05-21-2008, 01:38 PM

That IS the problem... but I think screwing an entire economy is unconscionable... don't you?

**focaljet-1** · 05-21-2008, 01:50 PM

Quote:

Originally Posted by Erica

Ron, was that taken out in the (socal) valley? Sherman Oaks? It looks like the prices from gas station down the street from the other with full-serve over $5 bucks.

I'm not sure, it was on the front page of Drudge.

**BUR_ZX3** · 05-21-2008, 02:06 PM

Quote:

Originally Posted by focaljet-1

I'm not sure, it was on the front page of Drudge.

Acutally, if I had to guess... I know where she's thinking of... but the roofline gives it away... and its not that one, but one further down Ventura Blvd in Studio City near Vineland.

**jay_tuck** · 05-21-2008, 03:10 PM

Quote:

Originally Posted by focaljet-1

I just saw $3.99 here today for the first time.

Dude, you gotta get out more!

I paid $4.15 last week.

**Erica** · 05-21-2008, 03:14 PM

Quote:

Originally Posted by BUR_ZX3

Acutally, if I had to guess... I know where she's thinking of... but the roofline gives it away... and its not that one, but one further down Ventura Blvd in Studio City near Vineland.

You're probably right on with your assumption

But yes, in general - Ventura Blvd. seems high priced.

**Z63R** · 05-21-2008, 03:17 PM

And yet, (what did one article just say?) we'll look back on this year as "the good ol' days" when gas was cheap.

05-21-2008, 11:27 AM	#2
jinstall [FJ] Addict Join Date: Feb 2001 Location: Wiesbaden Germany Posts: 12,738	Re: Oil hits $132 a barrel today WOOHOO Come on $150! That means it will be like $10.30 a gallon to fill up the race car this weekend. __________________ 2005, 2007, 2008 Drivers Points Champ and 2008 KOTH 3rd Place finish. BlueZeal's Focus is undercover and sleeping. Heading to Belvoir this weekned. Deutscher Motor Sports Bund e.V. # NA1105092 Pistenclub e.V. #P0871

05-21-2008, 11:29 AM	#3
belacyrf [FJ] Addict Join Date: Dec 2001 Location: Where my home is Posts: 17,205	Re: Oil hits $132 a barrel today You know what sucks... is speculators can literally make their own money. The more they buy the futures, the more the futures price goes up, the more the price of gas goes up, the more "fear" that gas is limited, and it's completely circular! It's like a savings account that has a variable interest rate that is guaranteed to go up with every dollar you put in. This is just rediculous! __________________ 1995 Miata... Former owner of Turbo SVTF Last edited by belacyrf : 05-21-2008 at 11:40 AM.

05-21-2008, 11:33 AM	#4
Dannyboy Senior TEAM Member Join Date: Jul 2003 Posts: 2,740	Re: Oil hits $132 a barrel today Yup. Gas just hit 3.78 here in St. Louis, MO. It's only getting worse. --Dan __________________ Old ride: 2001 White Focus ZX3 (many mods) New ride: 1999 Black Jeep Cherokee (3.5" lift + 31x10.50s + new driveshaft + 4.10 gears and many more little Jeep-nerd things)

05-21-2008, 11:34 AM	#5
Red-SE-00´ Moderator Join Date: Sep 2000 Location: slowredspi Posts: 13,201	Re: Oil hits $132 a barrel today im investing in schwinn and huffy. rofl __________________ .K-Sport .NRG .Progress .Carbon Creations .Yakima .Falken .Sportmax .aFe .Samco .Agency Power .Progress .Top Fuel .Kicker .2006 .Scion .xB .Polar White Honda Ruckus project coming soon! [FJ] focaljet - GUIDELINES - GALLERY - [FJ]WALLPAPER - STORE - SPONSORS - SEARCH - Any Questions?

05-21-2008, 11:46 AM	#6
Business Rookie Join Date: Mar 2008 Location: Draper, UT Posts: 6	Re: Oil hits $132 a barrel today You'll enjoy (or be pissed off) by this article: http://www.businessweek.com/lifestyle/content/apr2008/bw2008041_945564.htm?chan=top+news_top+news+index_ businessweek+exclusives#=rss Check out point three for the speculation discussion. __________________ 06 Mazda6i Auto 11 Autox 40 Trips down the ¼

05-21-2008, 11:53 AM	#8
BUR_ZX3 [FJ] Addict Join Date: Apr 2002 Location: On the Set of CSI: Crime Scene Investigation Posts: 35,245	Re: Oil hits $132 a barrel today Paid $55.00 to fill up the Celica last week. 4.009/gal Thankfully, it was for 440/miles but damn, $0.13/mile in fuel cost alone! __________________ Formerly known as "The Spicy Sausage Bandit"

05-21-2008, 11:53 AM	#9
bigdaddyzx3 Chicks Dig Rodeo Clowns Join Date: Mar 2002 Location: In the garden Posts: 8,172	Re: Oil hits $132 a barrel today I'm fairly certain if I met someone that got rich off of oil futures at a party or something, I'd just deck him. __________________ Vacuum Vulture Racing: We put the "suspense" in suspension.

05-21-2008, 11:54 AM	#10
jinstall [FJ] Addict Join Date: Feb 2001 Location: Wiesbaden Germany Posts: 12,738	Re: Oil hits $132 a barrel today It is ok, once it hits $170 a barrel most "normal" people will no longer be able to go to work. This will then bring the price down. Now my fear, all this money that is going to the Middle East, what is it funding. __________________ 2005, 2007, 2008 Drivers Points Champ and 2008 KOTH 3rd Place finish. BlueZeal's Focus is undercover and sleeping. Heading to Belvoir this weekned. Deutscher Motor Sports Bund e.V. # NA1105092 Pistenclub e.V. #P0871

05-21-2008, 12:08 PM	#12
aaron_zx3 Senior TEAM Member Join Date: Mar 2001 Location: Pearland, TX Posts: 1,626	Re: Oil hits $132 a barrel today WOWOWOWOW that just sucks right there... thank goodness I bought an MX-5 when I did. __________________ Let us with caution indulge the supposition that morality can be maintained without religion. --Washington.

05-21-2008, 12:08 PM	#13
BRZX3R Senior TEAM Member Join Date: Sep 2000 Location: Grand Haven, Michigan, USA Posts: 2,698	Re: Oil hits $132 a barrel today We were at $3.99 9/10 last week for a few days for 87 octane, and 93 was $4.2x. Yesterday 93 dropped to under $4.00, so I filled up just to be on the safe side of the holiday weekend. I was thinking this morning about digging my bike out of the storage shed and start riding it to work. I am only 5 miles from work, so I am not sure if I will do it or not. I don't want to be stinky for the rest of day! __________________ 2003 Pitch Black SVTF 3-door EAP #1339 of 3985 Tuned by FocusSport K & N filter, 17" Axis Touring Cup wheels, FS UDP, VF Transmission mount, and Steeda STS Torque: Helping little people get things done with a lot of D, much less F.

05-21-2008, 12:17 PM	#15
kennan J Senior TEAM Member Join Date: Mar 2002 Location: Beaverton Oregon via Alexandria VA Posts: 2,533	Re: Oil hits $132 a barrel today they will get theirs in time, the bastards __________________ IF YOU AIN'T BOUT IT, DON'T SHOUT IT! 07 RS4 Graduation present to myself , 02 SVT JRSC New numbers 246hp 190tq WMI, 2006 SRT8 Jeep Loaded www.acuzio.com

05-21-2008, 01:35 PM	#19
brads03zx3 [FJ] Specialist Join Date: Sep 2004 Location: California Posts: 8,685	Re: Oil hits $132 a barrel today I'm trying to figure out what I would do if I were in their situation. I'd probably be willing to piss off a few million people in order to retire at the age of 22 I'd make it all better by buying my parents some land, a house, and a shop, then give several hundred thousand $ to the red cross and homeless shelters for the damage I've caused the American people __________________ Mountain Tested----'03 zetec DuraMonster---'03 duratec ZX3 vs MNTN - 9/0 & ZX3 vs TRACK - 4/1 *JCM Racing #88* Bouncing Back---Bigger, Faster, Stronger Vacuum Vulture Racing - We put the ARG in 'CHARGED

05-21-2008, 01:38 PM	#20
bigdaddyzx3 Chicks Dig Rodeo Clowns Join Date: Mar 2002 Location: In the garden Posts: 8,172	Re: Oil hits $132 a barrel today That IS the problem... but I think screwing an entire economy is unconscionable... don't you? __________________ Vacuum Vulture Racing: We put the "suspense" in suspension.

05-21-2008, 03:17 PM	#25
Z63R Official [FJ] Distinguished Advisor Join Date: May 2004 Posts: 19,757	Re: Oil hits $132 a barrel today And yet, (what did one article just say?) we'll look back on this year as "the good ol' days" when gas was cheap. __________________ . Vacuum Vulture Racing - We've got it down to a science. "SCIENCE. It works, bitches!" 2.3 Duratec ZX3 + some bits