Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.
Posted: Tue May 06, 2008 1:05 pm Post subject: Re: Another Gasoline Record
EIA revises again, again, and again...
Quote:
The Energy Department predicts average monthly gasoline prices should peak at $3.73 a gallon in June, an increase of about 11 cents from last month's estimate. Regular-grade gasoline is expected to average $3.52 a gallon in 2008, 71 cents above last year's average.
Posted: Tue May 06, 2008 1:16 pm Post subject: Re: Another Gasoline Record
Eli wrote:
But it is much more corrosive and high performance engines blow all the time.
It's a myth. I've been using E85 for years. No problem, no corrosion. My car has a steel tank, steel fuel pipes. Old carb with bigger jets is the conversion. No corrosion problems whatsoever.
In high perfomance E85 is a much more forgiving fuel than gasoline. But it is diffrent. You need to know what you're doing, obviously. There are people around here doing supercharged engines with E85. They don't blow any more often than gas ones. _________________ "We cut the earth until it bleeds, rain ashes from the sky
Just to make a light that no one can see"
-- VNV Nation - Carbon
Joined: May 18, 2006 Posts: 3478 Location: Minneapolis, MN
Posted: Tue May 06, 2008 1:30 pm Post subject: Re: Another Gasoline Record
Pholostan wrote:
Eli wrote:
But it is much more corrosive and high performance engines blow all the time.
It's a myth. I've been using E85 for years. No problem, no corrosion. My car has a steel tank, steel fuel pipes. Old carb with bigger jets is the conversion. No corrosion problems whatsoever.
In high perfomance E85 is a much more forgiving fuel than gasoline. But it is diffrent. You need to know what you're doing, obviously. There are people around here doing supercharged engines with E85. They don't blow any more often than gas ones.
E85 is cheaper, but your mileage is worse too. So, what's the point?
Joined: Sep 16, 2004 Posts: 4165 Location: Southwest WI
Posted: Tue May 06, 2008 4:24 pm Post subject: Re: Another Gasoline Record
E85 sucks and you know it, you hot Swedish hunk ! Actually one of my stupid car magazines i just got (already in the garbage..it was free) talked about Ethanol. They pretty much said that an engine needs to be built FOR Ethanol and not a gas engine that runs Ethanol too. E85 still doesn't hold the energy as gasoline or diesel.
Still 3/59 here, but i'm filling up tonite. _________________ "Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07
Posted: Tue May 06, 2008 5:00 pm Post subject: Re: Another Gasoline Record
vision-master wrote:
E85 is cheaper, but your mileage is worse too. So, what's the point?
I think it's even cheaper here compared to gas, and with a properly tuned engine tha milage isn't much worse. Even with an untuned engine it's economical. Gas is more than 30% expensive than E85 around here.
Curret exchage rate is about 6 SEK per USD (up from 5.90 last week).
I filled up with E85 at 7.94 SEK per liter last week (rebate). My car gets about 8-10 km per litre or ~20-25 MPG on E85 city, and about 11-12 km per litre or ~28-29 MPG highway. And this is not optimistic numbers, it's my numbers from this winter. You know snow, ice and studded tires.
frankthetank wrote:
E85 sucks and you know it, you hot Swedish hunk ! Actually one of my stupid car magazines i just got (already in the garbage..it was free) talked about Ethanol. They pretty much said that an engine needs to be built FOR Ethanol and not a gas engine that runs Ethanol too. E85 still doesn't hold the energy as gasoline or diesel.
Aaaw, you flatter me
It's true that en engine actually built for ethanol performs much better on ethanol than a gasoline engine on ethanol. The thing is, the so called flexi-fuel cars on the market today actually are gasoline cars that might be run on ethanol. Almost all of them are quite inefficient on ethanol.
The biggest secret for high efficiency is a high compression ratio. Many converters here raise ther CR from 8-10:1 to 11-13:1 with good results.
Truck maker SCANIA and VOLVO are making engines for ethanol as we speak. Notably SCANIA is getting very high efficiency. The trucking blend of ethanol is called E95 or Etamax D. I think I've talked about it before in this forum. The E85 I buy here in Sweden contains about 80% brazillian sugacane and about 20% domestic cellulosic ethanol. _________________ "We cut the earth until it bleeds, rain ashes from the sky
Just to make a light that no one can see"
-- VNV Nation - Carbon
Joined: Sep 16, 2004 Posts: 4165 Location: Southwest WI
Posted: Wed May 07, 2008 1:10 pm Post subject: Re: Another Gasoline Record
Ten cent jump here. 3.70!!!
4 by Mem Day should be no problemo... _________________ "Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07
Joined: Apr 28, 2005 Posts: 3278 Location: West shore Lake Eire, MI, USA
Posted: Wed May 07, 2008 4:47 pm Post subject: Re: Another Gasoline Record
Twenty cent jump here, straight to $3.85. Nobody seems to know why but nearly every station zoomed up today. _________________ Oxygen: - An intensely habit-forming accumulative toxic substance. As little
as one breath is known to produce a life-long addiction to the gas, which addiction invariably ends in death.--Isaac Asimov
Oil jumped to another record on Tuesday, and the government said it expected gasoline prices to peak at a national average of $3.73 a gallon in June, just as the summer driving season kicks off.
The new forecast from the Energy Department came on a day oil futures rose above $122 a barrel in New York trading after rebels in Nigeria renewed their attacks against oil installations. By day’s end, crude oil for June delivery closed at a record $121.84 a barrel, up 1.6 percent from Monday’s close.
Oil prices have nearly doubled in a year. Gasoline is selling for a national average of about $3.61 a gallon, according to AAA, the automobile club, a penny less than the record set on May 1 but 58 cents higher than a year ago.
Some private analysts have gone beyond the Energy Department’s forecasts, predicting that gasoline will surpass $4 a gallon this summer.
and
Quote:
In its monthly report, the Energy Department projected that domestic petroleum consumption would decline by about 190,000 barrels a day this year, a result of the economic slowdown and high prices. That is a sharper drop than the 90,000-barrel-a-day decline projected by the department last month.
After accounting for increased ethanol use, domestic consumption will fall by 330,000 barrels a day, or less than 1 percent of total gasoline demand. While limited, it would be the first annual decline in gasoline demand since 1991.
Looks to me like the Department of Energy is picking numbers out of the hat again. _________________ Oxygen: - An intensely habit-forming accumulative toxic substance. As little
as one breath is known to produce a life-long addiction to the gas, which addiction invariably ends in death.--Isaac Asimov
Joined: Jul 14, 2004 Posts: 380 Location: The Motor City
Posted: Wed May 07, 2008 6:02 pm Post subject: Re: Another Gasoline Record
Tanada wrote:
Twenty cent jump here, straight to $3.85. Nobody seems to know why but nearly every station zoomed up today.
SE Mich., right? I was shocked driving around just now. Yesterday, it seemed everything was $3.64-$3.69. There are a few $3.74 out there, but most everything is $3.79-$3.84(5), and I even saw a couple of $3.89.
Posted: Wed May 07, 2008 7:18 pm Post subject: Re: Another Gasoline Record
Gasoline prices jumped a little here too last few days. Even the cheapest unmanned stations are close to 13 SEK, 12.80 was the best i could find. That's over $2 per liter or just at $8 per gallon. The USD has gained against the SEK lately too. _________________ "We cut the earth until it bleeds, rain ashes from the sky
Just to make a light that no one can see"
-- VNV Nation - Carbon
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
! Actually one of my stupid car magazines i just got (already in the garbage..it was free) talked about Ethanol. They pretty much said that an engine needs to be built FOR Ethanol and not a gas engine that runs Ethanol too. E85 still doesn't hold the energy as gasoline or diesel.
