Archive for Thursday, January 8, 2009

Gasoline prices may head skyward

Drivers are on guard as gas prices are on the rise again.

January 8, 2009

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On the street

What do you think about rising fuel costs in Lawrence?

They are going up, but $1.69 is a lot better than $4. I don’t mind it right now, but I won’t like it this summer if it gets to $3.50 and $4.

More responses

Lawrence motorists are noticing a rise in the price at the pump.

“Last week, it was $1.49 and now suddenly it’s $1.60,” said Nurit Gillath, who has been visiting her son at Kansas University for the past two weeks.

And look out, a gallon of gas could hit $4.

The Associated Press reported Wednesday that some oil analysts believe that prices could reach $150 to $200 a barrel, making gas prices even higher than the previously record high of $4.11 a gallon.

What brought on the sudden increase?

Jim Hanni, executive vice president of Kansas Region AAA, said the recent fighting in the Middle East “has propped up the price of oil.” This, combined with the dollar’s trading at a higher value, has caused the spike.

On the other hand, MarketWatch reported that the price of crude oil fell 12 percent on Wednesday, the biggest one-day percentage drop in seven years.

Comments

FreeEnergy 6 years, 3 months ago

It is the calm before the storm. OPEC is slashing production AGAIN. Unfortunately they will continue to slash production until they get their desired 75-100 a barrel again. This past year the high cost of fuel seriously damaged our economy and society. We need to take some of those bail out bucks and get busy making America Energy Independent. It would cost the equivalent of 60 cents per gallon to charge and drive an electric car. The electricity to charge them could come partially or in whole from solar or wind generated electricity. In fact, If all gasoline cars, trucks, and suv’s instead had plug-in electric drive trains, the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of North Dakota. Why don't we take this opportunity to bail America out of it's dependence on foreign oil? I just read a book called The Manhattan Project of 2009 by Jeff Wilson. Profound! It should be a required read for all of our elected officials as well as part of the educational curriculum. www.themanhattanprojectof2009.com Our nation can't take another year like this past. It will be the end of us.

gr 6 years, 3 months ago

"the recent fighting in the Middle East""Recent" fighting?"It would cost the equivalent of 60 cents per gallon to charge and drive an electric car. "I'm not sure if that statement means anything without additional information. "The electricity to charge them could come partially or in whole from solar or wind generated electricity."Or coal. Except Sebil doomed that one."If all gasoline cars, trucks, and suv’s instead had plug-in electric drive trains, the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of North Dakota."And is that another statement without concrete meaning?If all, but if not?About equal. Energy potential. Why is North Dakota being compared?Nothing about the cost.Though you do have a point about making better use of a couple trillion (TRILLION!) dollars instead of going deeper in debt to support poor management and outright abuse.

BuffyloGal 6 years, 3 months ago

Who knew that Gaza had oil as well as Palestinians?

compmd 6 years, 3 months ago

The fighting in the middle east? Riiight. Especially since the recent fighting in Gaza (which coincided with the price increase) has little to do with oil production.FreeEnergy,Energy independence would be a great thing, but there is the problem of energy density and power requirements. Let's say you have a loaded light truck that requires 150hp to maintain 70mph on a straight, level road. 150hp is 110kW, so a five hour drive requires 550kWh of power. During the trip, the mass of the battery is conserved (whereas fuel is burned), the battery is heavier than the diesel fuel and tanks it would replace, etc. You then have the problem of delivering that power back into the battery at a charging station (assume a 208V/220V utility AC line), and you have the bigger problem of maintenance and repair: nobody knows how to do it.I love the idea of using wind and solar energy, in fact I spent quite some time doing research on advanced wind turbine designs and technologies, including wind tunnel testing for rotor efficiencies and determining generator efficiencies. We are much farther away from using this for automobiles than most people think.We need to take the technology for high compression sub-2L diesel and high compression gas engines and bring it here for now. We can work on the long term issues of alternate energy, but it isn't something we can fix soon. Our instant gratification society doesn't get that. We can drastically improve the performance and efficiency of the gas and diesel engines we use from day to day inexpensively and quickly. That is the stepping stone we need to take.

KS 6 years, 3 months ago

And I just read an article online this morning in another publication that indicated that since oil is falling again, we can expect another decline in prices. This is Lawrence's way of keeping the prices up. Nobody know until it happens.

Left_handed 6 years, 3 months ago

You can't blame Obama yet. You can ooh and ahh about how wonderful His speeches and His plans are, but until He is sworn in you can't praise Him with harp and lyre and sacred songs.

Flap Doodle 6 years, 3 months ago

Are we still getting unicorns on Jan 21?

maxcrabb 6 years, 3 months ago

@snap: Go to H&R Block's website. They can pre-approve you for a unicorn estimate loan today!

Satirical 6 years, 3 months ago

snappy...."Are we still getting unicorns on Jan 21?"I already signed up for mine, so we better!

gsxr600 6 years, 3 months ago

Last time I checked, oil transportation went around Africa to get to the U.S.; no where near this little conflict in Israel.

mistygreen 6 years, 3 months ago

Oh my there is trouble in Gaza, better raise the price of oil. Oh my a bird farted in Saudi Arabia, better raise the price of oil. When is this insanity going to stop?

Clickker 6 years, 3 months ago

i guess the bigger question is: if you could lock into these prices for the next 5 years or so, would you?I would. And if you have any investment capital at all, and a discount brokerage account, you can do it as well. Figure out how much gasoline you use on a monthly basis ( or quarterly) and buy that much UGA. Every month, sell a ratable portion, and use the gain/(loss) to fund your gasoline purchases.

kmat 6 years, 3 months ago

compmd (Anonymous) says… I love the idea of using wind and solar energy ... We are much farther away from using this for automobiles than most people think."Why are we far away from using this when there WAS a viable electric car that was killed by big oil, govt and many others who would have lost money? Solar panels and wind generators at home, which create the electricity to fuel your car, could be easily installed on any home. You need to see Who Killed the Electric Car. http://www.whokilledtheelectriccar.com/Also, Toyota is using solar power on cargo ships to offset the diesel engines. http://blog.wired.com/cars/2008/09/boatopia-toyota.htmlAnd the Prius will soon use solar panels to fuel the AC system.http://news.cnet.com/8301-17938_105-9985501-1.html

kmat 6 years, 3 months ago

compmd (Anonymous) says…"We can work on the long term issues of alternate energy, but it isn't something we can fix soon. Our instant gratification society doesn't get that. We can drastically improve the performance and efficiency of the gas and diesel engines we use from day to day inexpensively and quickly. That is the stepping stone we need to take."This has been bugging me. If you say we can't dare come up with alternate energy soon (you say it's a long term issue), then explain to me how in just 5 years we were able to create and use an atomic weapon (Manhattan Project)? How were we able in just 7 years to put a man on the moon after Kennedy announced he wanted it to happen by the end of the decade?There is no reason why many, many alternate fuel sources and energy sources that are cleaner than our current gas powered engines can't be created over the next decade."The difference between what we do and what we are capable of doing would suffice to solve most of the world's problems." Gandhi

compmd 6 years, 3 months ago

Efficiency, kmat, that's the problem. We didn't have a viable electric car, the EV1 had limited range and power and was very expensive. Until you can create a drop-in replacement for a Dodge Neon, Chevy Cavalier, Honda Civic, or Toyota Corolla, you don't have a viable electric car.Solar power on a cargo ship to offset the diesel engine is a cool idea, no doubt, but there are other issues that you ignore. Do you know what the upfront cost of solar panels like that is? How about the environmental impact of their disposal? What about the additional weight added to the ship in panels, cabling, regulating systems, and storage?So the Prius can use a couple solar panels to power the air conditioner? All that accomplishes is that the engine doesn't have to use up power running the most power hungry and least efficient accessory. Come find me again when you can solar power a vehicle that has a useful load of 800 lbs. An atomic weapon was a natural progression from the first nuclear chain reaction, taking place without control. The science behind it is incredible, but once tthey had a chain reaction, weaponizing it wasn't a huge leap.We put a man on the moon with a lot of math and physics that were already well understood. It was a problem of scale and money.These were achieved by standing on a strong knowledge base. What "many, many alternate fuel sources and energy sources" do you think we can create? And what fundamental knowledge do we already have that would allow us to develop and use those sources? It is a long term issue that will require a lot of technological development. Improving what we have right now will not require advancement in science or engineering, thus being cheaper and more useful in the short term while others work on the long term issues of developing alternate energy sources. An instant gratification mindset gets you nowhere in science and engineering. Revolutions in engineering do not happen overnight.

gr 6 years, 3 months ago

"Solar panels and wind generators at home, which create the electricity to fuel your car, could be easily installed on any home."How are your panels working out? How much have you produced and how much has it saved you?If you don't have solar panels and wind generators on your home, WHY NOT!"then explain to me how in just 5 years we were able to create and use an atomic weapon (Manhattan Project)? How were we able in just 7 years to put a man on the moon after Kennedy announced he wanted it to happen by the end of the decade?"Was cost an issue?Ahhh.... Maybe that's why you don't have panels producing all of your electricity...Most people would consider the cost. The government doesn't because they get you to pay for it. But, there are voters....Do you really think we don't believe solar and wind "can" be used. It's the cost that's the problem. People don't want to pay up to 6 times more.

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