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Gas prices on their way up?

Original post made on Mar 1, 2011

With Mideast unrest fueling a surge in oil prices, premium gas surpassed the $4-a-gallon mark at Portola Valley Fuel in Portola Valley. Nationally, regular-grade gas prices average $3.39 a gallon, up 25 cents in the past week or so, reports the New York Times. Prices peaked around $4 a gallon back in the summer of 2008. ==B Photo by Keith Peters.==

Read the full story here Web Link posted Tuesday, March 1, 2011, 9:50 AM

Comments (15)

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Posted by Portola Valley
a resident of Barron Park
on Mar 1, 2011 at 2:50 pm

That Portola Valley gas station always has the highest prices in the area (by a large margin). They have been above $4 since last year.


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Posted by Anon.
a resident of Crescent Park
on Mar 1, 2011 at 7:30 pm

The Shell Station in Palo Alto on El Camino broke $4 a while ago along with some others. It was almost weird, the other day almost all of the price jumped at the same time to $3.70 on the same day.


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Posted by Walter_E_Wallis
a resident of Midtown
on Mar 1, 2011 at 7:54 pm

Walter_E_Wallis is a registered user.

DRILL, BABY, DRILL!
In the long run drilling will not help, but for the next 100 years or so, it sure as hell will.


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Posted by Outside Observer
a resident of another community
on Mar 1, 2011 at 8:26 pm

Drill or Kill.

Drill:

The unholy alliance between Greens and oil companies has given them record profits for decades. Green restrictions on drilling and refineries have artificially changed the market for the sole benefit of oil companies. We pay $4/gal. We used to pay $0.16/gal before the rise of the Greens.

Kill:

Bush tried it in Iraq under the guise of "spreading democracy". Guess what... Every democracy mankind has ever tried has failed. Starting with the Ancient Greeks and going forward. We are witnessing our own democracy fail now before our very eyes.

The concept of "spreading democracy" is sophomoric at best, and suicidal in general.

Bush didn't have the balls to do what is really necessary to secure Iraq for oil. Here again a lesson from history would have gone a long way. Our country, when it was a great country, was founded by exterminating the indigenous peoples of North America and annexing their lands. That could have worked in Iraq if anyone had the balls to use the nukes necessary to carry it out.




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Posted by spare the air
a resident of Barron Park
on Mar 1, 2011 at 8:28 pm

Increase gas prices to European levels. Use the profits to build a European-style public transit system. That will conserve more oil than Ms. Drill Baby Drill could ever produce. And we won't have to worry about BP spilling more off shore oil either.


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Posted by Kicking The Oil Addiction
a resident of Midtown
on Mar 1, 2011 at 9:34 pm

Walter,

As an engineer, you should already know the cold, hard facts:
We have only about the equivalent of a 6 month supply of oil up in ANWR and it'll take 10-20 years to get that all out once we start pumping - and it'll take 10 years from when we first put the shovel into the ground to start pumping!
Instead, during that time, we can save the equivalent of ANWR 10 times over if we finally grow some you-know-what politically and kick some automaker backsides to get them to improve fuel efficiency.
Plus, like it or not, the electric car is coming - they ain't going to crush it this time around like GM did with the EV1.
Oil is a dinosaur, Walt - literally and figuratively - and will be going the way of Mubarek and Kadafi - good riddance!


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Posted by Anon.
a resident of Crescent Park
on Mar 1, 2011 at 9:43 pm

NNNNN-ERGY .... nuclear electricity and natural gas, two sources that we could have a lot of energy from.

Natural gas could be offsetting the cost of the oil we import.

Nuclear could provide electricity and if we had pluggable hybrids we could at least hope to have energy self-sufficiency at some point in our life spans ... otherwise, forget it.


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Posted by Ten18
a resident of Another Palo Alto neighborhood
on Mar 1, 2011 at 9:46 pm

And what will we run that European style public transit system on pray tell - your own sense of self importance? The key to American prosperity is cheap energy. Period.


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Posted by Ten18
a resident of Another Palo Alto neighborhood
on Mar 1, 2011 at 9:50 pm

There are reserves of oil and natural gas to last 50-100 years. And please, the electric car has been "coming" for more than 100 years. With all of the huge advancements in technology since then it's still a novelty. We'll see how it does this time.


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Posted by Anon.
a resident of Crescent Park
on Mar 2, 2011 at 12:55 am

Ten18 ... those reserves you are talking about are computed at present level's of consumption. With the whole rest of the world not clamoring for more energy and oil products and the expected growth in the US consumption those linear exptrapolations are really dangerous. The other part of it is there is a lot of untapped oil reserves, but they are in mor precarious places environmentally, and more expensive places to reach, and lots of them have impurities that must be removed.


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Posted by anonymous
a resident of another community
on Mar 2, 2011 at 10:46 am

"We pay $4/gal. We used to pay $0.16/gal before the rise of the Greens."

So the Greens are responsible for milk costing $4 a gallon, too?

When did gas cost 16 cents? The fifties? The lowest I remember was 29 cents, then a buck around the embargoes for supporting Israel. What was the cost of milk then? How much was a bottle of hooch?

Wasn't oil at 15 bucks a barrel in the 90's? What happened? I thought the Greens were around before the 90's. What changed between the 90's and the Two Thousandsies? Hmmmm, wasn't a green president, for sure.

Thanks gawd the Greens got the lead out of gas, though.


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Posted by Walter_E_Wallis
a resident of Midtown
on Mar 2, 2011 at 11:07 am

Walter_E_Wallis is a registered user.

"The Greens" did NOT get the lead out. The de-leadification was the consequence of good science before it got blown away.


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Posted by Outside Observer
a resident of another community
on Mar 2, 2011 at 11:10 am

Actually, Greens are responsible for increased milk prices in two ways. First, in increased fuel costs. Second, the Green "pipe dream" of ethanol and government interference to promote it has manipulated the corn market, diverting our food stocks to satisfy the ethanol "fad".

Cows eat corn, so the increased cost of milk production is passed on to the consumer.



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Posted by anonymous
a resident of another community
on Mar 2, 2011 at 12:55 pm

Geez, you guys are serious about this? You're blaming the price of oil on Greens? One has to consider you might be missing maybe JUST A FEW other factors, perhaps.

Greens I know are not in favor of ethanol, it takes more petroleum based fertilizers than it's worth. Ethanol is essentially only around because of the Iowa primary. Move Iowa last, and see which politicians show up praising corn.

You haven't addressed, if it's all FEAR FEAR FEAR the GREENS, why then was oil down to 15 bucks a barrel in the 90's and off the charts this last decade. Did Greens get more key administration positions under the 43rd president?

Also: despite what Palin® said about milk and her breast feeding flip flop two weeks ago, milk is not really all that high historically, at 3 bucks a gallon at TJ's(was higher 4 months ago.) Web Link


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Posted by communter
a resident of Downtown North
on Mar 2, 2011 at 1:01 pm

Doesn't bother me as I take CalTrain. Oh, wait...


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