Gas prices!!!

**jtuner77** · 05-15-2011, 03:10 PM

Originally Posted by JohnnyVegas

In the long run, yes. In the short run, not always. Irrational behavior causes prices to go up as well. Look at silver. It lost, what, 30% of its value in nine trading days because people had inflated the price despite plenty of supply. Oil and gold have lost value lately and will stabilize, probably lower. Actually, I am waiting for gold to plummet.

You just proved my point to a T. Gold, Silver has no demand in the market place. It's use in our world is minimum at best. Oil on the other hand is a constant and never lessens.

**RaginCajun** · 05-16-2011, 08:47 AM

Originally Posted by wmaousley

Well in Kuwait its $ 0.21 per liter, that would be $ 0.82 per gallon

are you serious! i would be rich if i only had to pay that much. why is it that low?

**wmaousley** · 05-17-2011, 01:10 AM

Because in Kuwait we produce 3.4 mmboe per day and mix it at the worlds largest refinery, in Saudi Arabia its about half the price as Kuwait.

**fattymcbutterpants** · 05-17-2011, 08:14 AM

I believe venezuela is the cheapest place to buy gas in the world

**wmaousley** · 05-17-2011, 11:33 PM

Originally Posted by fattymcbutterpants

I believe venezuela is the cheapest place to buy gas in the world

Saudi Arabia is the cheapest in the world. It cost me about 3 dollars to fill up an Expedition in KSA

**jtuner77** · 05-18-2011, 09:39 AM

Originally Posted by wmaousley

Saudi Arabia is the cheapest in the world. It cost me about 3 dollars to fill up an Expedition in KSA

This is true. Second or third is America as long as you work for the military! My friend located in ND on an Air Force base is now paying $1.20 a gallon. None taxed, he is pretty sure it comes from the U.S. Oil Reserves.

**wmaousley** · 05-19-2011, 12:06 AM

Originally Posted by jtuner77

This is true. Second or third is America as long as you work for the military! My friend located in ND on an Air Force base is now paying $1.20 a gallon. None taxed, he is pretty sure it comes from the U.S. Oil Reserves.

Actually it comes from who ever AAFES purchases it from. Most US Oil is exported.

**Times Roman** · 05-19-2011, 06:29 AM

what gas prices?

**fattymcbutterpants** · 05-21-2011, 08:49 AM

I read a report on venezuela saying that a news crew was there and they filled their van up for $1. it was like 6 cents a gallon or something. MSN had the article

**wmaousley** · 05-22-2011, 12:12 AM

Nation City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08
Estonia Tallinn $3.62
Bulgaria Sofia $3.52
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91 This has to be wrong!!!!!
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12

**Twist** · 05-22-2011, 02:02 AM

WTF are these oil dependent places gonna do when their oil runs low? Does anybody know what the plans are for that yet?

**JimmySidewalk** · 05-22-2011, 04:06 AM

In france its about $2.13 per liter or 1.5 euro per liter. Some are even more expensive than that. Prices in europe have sky-rocketed, it sucks big time.

**wmaousley** · 05-22-2011, 06:06 AM

Originally Posted by Twist

WTF are these oil dependent places gonna do when their oil runs low? Does anybody know what the plans are for that yet?

lol probably revert back to steam power lol

**Flagg** · 05-22-2011, 08:38 AM

Originally Posted by Twist

WTF are these oil dependent places gonna do when their oil runs low? Does anybody know what the plans are for that yet?

Well for places like the UAE, they could be up shit creek without a paddle. Despite having access to lots of oil, it's about the only natural resource they have. For example, the UEA and much of the Middle East is home to 5% of the human population, yet they only have access to 1% of the worlds fresh water. They have to use these massive desalination technologies to convert salt water into fresh, which is super expensive and needs massive amount of energy. And of course, where is that energy currently coming from...

In the future it will come down to people either switching to nuclear or biofuels.

**wmaousley** · 05-23-2011, 04:27 AM

Originally Posted by Flagg

Well for places like the UAE, they could be up shit creek without a paddle. Despite having access to lots of oil, it's about the only natural resource they have. For example, the UEA and much of the Middle East is home to 5% of the human population, yet they only have access to 1% of the worlds fresh water. They have to use these massive desalination technologies to convert salt water into fresh, which is super expensive and needs massive amount of energy. And of course, where is that energy currently coming from...

In the future it will come down to people either switching to nuclear or biofuels.

I am impressed that you know about desalination plants, most people look dumbfounded when asked if they know what this is. And your 100% right btw