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Oil touches $60, U.S. demand steams ahead

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  #1  
Old 06-24-2005, 11:20 AM
Torith Torith is offline
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Oil touches $60, U.S. demand steams ahead


http://news.yahoo.com/s/nm/20050624/...kets_oil_dc_35

I read the newspaper yesterday where it says that the gas prices will be around $3.00 per gallon where I live. So what about all the people who are getting paid only mim wage?

$3.00 per gallon. A tank is say 12 gallons that is $36.00

Mim wage is $5.50 here. You would have to work almost 7 hours just to pay for 1 tank of gas. So if you have to fill the tank up 2 times a week that is 14 hours a week you have to work just to fill the tank up with gas.

So that is about $77.00 you are spending on gas per week. So then you add your car insurance, food, rent, ect a person with mim wage can no longer live under a roof.

Though I hear that Bio gas or what ever it is (made out of grain I believe) is going to become more well known so that we have a chance to get lower gas prices for everyone.

**Added**

Also no we do not have mass transportation where I live (no buses, ect). It is not even mim wage people who suffer but everyone else that is making low amount of money.

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  #2  
Old 06-24-2005, 11:22 AM
TR Seeks TR Seeks is offline
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thate very cheap to fill a car up. Here in the UK it can cost over £50 to fill up the tank. Which is almost $100....

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  #3  
Old 06-24-2005, 11:22 AM
Directory Directory is offline
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don't worry, its estimated when iraq oil comes in the market the prices will go down dramatically. its just lucky that russia produces SO MUCH OIL else the prices would be even higher right now

check russia's oil production , its crazy, bigger than most asian countries... yet they have little oil! Trying to boost their economy in the short term ^^


Quote:
Originally posted by Tris-SA
thate very cheap to fill a car up. Here in the UK it can cost over £50 to fill up the tank. Which is almost $100....
it depends what TYPE of pertol it is too lol some here are even MORE expensive... The damn tax

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  #4  
Old 06-24-2005, 11:29 AM
Slidey Slidey is offline
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what car do you drive Torith?

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  #5  
Old 06-24-2005, 11:39 AM
Torith Torith is offline
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Quote:
Originally posted by Tris-SA
thate very cheap to fill a car up. Here in the UK it can cost over £50 to fill up the tank. Which is almost $100....
How much is your mim wage in the UK? I know some countries over there are I believe $10.00 per hour?

Quote:
Originally posted by Slidey
what car do you drive Torith?
I drive a Geo Metro as of right now. It is only a 6 gallon tank which gets between 30 to 50 miles per gallon (depending if in town or not). Though I am not so worried about my self (since I get paid way more then mim wage), but I am worried about my friends who are at mim wage.

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  #6  
Old 06-24-2005, 11:48 AM
Directory Directory is offline
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THE GENERAL MIN WAGE in uk is about £5 which is about $8 i think! but still unacceptable petrol prices!

You earn about £45 per day, they take about £8 tax from you i think, so your left with about £37 per day, take all the other crazy taxes we pay in the uk, the high bill we pay for rent etc. doesn't leave you with much

I rent a flat with my girl friend and we pay £650 Per Month toagther for our 2 bedroom flat in Edinburgh...

when you come to the UK everything is about TAX ^^

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  #7  
Old 06-24-2005, 11:49 AM
Slidey Slidey is offline
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seems to me quite often (and im not casting an opinion in your direction here) people who moan about fuel prices in america generally have great big fuel inefficient cars/trucks

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  #8  
Old 06-24-2005, 11:51 AM
Slidey Slidey is offline
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Quote:
Originally posted by Directory
THE GENERAL MIN WAGE in uk is about £5 which is about $8 i think! but still unacceptable petrol prices!

You earn about £45 per day, they take about £8 tax from you i think, so your left with about £37 per day, take all the other crazy taxes we pay in the uk, the high bill we pay for rent etc. doesn't leave you with much

I rent a flat with my girl friend and we pay £650 Per Month toagther for our 2 bedroom flat in Edinburgh...

when you come to the UK everything is about TAX ^^
we rent a one bedroom ground floor flat (although quite spacious) with a garage for about the same down south. no central bloody heating though..

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  #9  
Old 06-24-2005, 11:56 AM
Steve_F2H Steve_F2H is offline
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Quote:
Originally posted by Slidey
people who moan about fuel prices in america generally have great big fuel inefficient cars/trucks
That's because there's no such thing as a fuel-efficient car in the States.

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  #10  
Old 06-24-2005, 11:59 AM
Fair Dinkum Fair Dinkum is offline
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Quote:
Originally posted by Steve_F2H
That's because there's no such thing as a fuel-efficient car in the States.
Hahaha, that is funny. Good joke. Nothing like a good laugh to start the day.

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  #11  
Old 06-24-2005, 12:04 PM
Torith Torith is offline
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Quote:
Originally posted by Slidey
seems to me quite often (and im not casting an opinion in your direction here) people who moan about fuel prices in america generally have great big fuel inefficient cars/trucks
Well I also have a 1990 (I believe it is that old or around that year) Nissan truck. Though since I live 15 miles out of town I do not think I would want to drive it. I believe my truck gets between 8 to 12 miles per gallon (Have not been in the truck since prices been going up).

Though it is 15 miles in town 15 miles to get back to home then about 5 to 10 miles driving in the city. That is between 35 miles to 45 miles per day. That is what I have to do 7 days a week so that is between 245 - 315 miles per week.

On average I fill my tank up 2 times a week. I would not even want to know how many times I would have to fill my truck up a week .

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  #12  
Old 06-24-2005, 12:05 PM
Torith Torith is offline
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Quote:
Originally posted by Steve_F2H
That's because there's no such thing as a fuel-efficient car in the States.
What do you call my car? Though I have noticed the price far cars like mine have gone up in price so that is a good thing I guess.

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  #13  
Old 06-24-2005, 12:14 PM
Tulip-Dennis Tulip-Dennis is offline
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Once they finish that hydrogen powered car technology, we won't care much about petroleum.

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  #14  
Old 06-24-2005, 12:31 PM
JHServers JHServers is offline
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There are ways around the minimum wage problems. You can thin out the oil, so essentially it lasts less but brings the price down too. So for example, instead of getting 30 mpg on regular gas, for $3/gallon, you could use the thinning stuff (forgot the exact name) and pay $1.50/gallon for 15 mpg.

Regardless, alternate sources of energy are coming. I think Honda or someone was working on a hydro-electric-solar-petro powered car (yes 4 sources of energy). Probably cost a bit more, but we will no longer rely so heavily on oil.

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  #15  
Old 06-24-2005, 01:04 PM
sailor sailor is offline
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Quote:
Originally posted by Directory
don't worry, its estimated when iraq oil comes in the market the prices will go down dramatically. its just lucky that russia produces SO MUCH OIL else the prices would be even higher right now

check russia's oil production , its crazy, bigger than most asian countries... yet they have little oil! Trying to boost their economy in the short term ^^




it depends what TYPE of pertol it is too lol some here are even MORE expensive... The damn tax
actually russia has some of the worlds largest proven oil reserves. the us just discovered more as well in the utah area and are about to open up the anwar area and offshore areas.

also - to toriths post - grain and other fuel sources are only viable at about 2.70 per gallon. so when they come online the oil market will be manipulated to go under them and try to trash threir invesment. that is why this country needs a real energy policy that will protect that as well as force new alternatives. I am only for government control when it makes sense and it does not. the us is irresponsible in energy consumption - just look at the tax breaks for businesses on cars - it was only if you buy something that is very big. so all these people went out and bought suv;s - that was dumb - but that is the behavior the gov drove. many would have bought economy cars if they would have tailored it that way.

oh well - I do not like the current energy policies and it is one thing that bush and congress better get moving on.

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