Gas at $30 per gallon in the year 2018?

[skategeezer]

NOTE:
this is from Australian newspaper


8 Aussie dollars = $7.74 US dollars

3.78 liters = 1 gallon

therefore - 3.78 x $7.74 = $29.25 per gallon!

8 gallons = Loaded Complete!

Petrol tipped to hit $8 a litre by 2018

Posted Fri Jul 11, 2008 6:35am AEST
Updated Fri Jul 11, 2008 9:57am AEST
Expensive habit: CSIRO report predicts fuel prices of $8 a litre within 10 years. (ABC: Graeme Powell, file photo)

• Video: Fuel could rise to $8 a litre: report (ABC News)
• Audio: Fuel may hit $8 a litre: CSIRO (AM)
• Related Link: Fuel for Thought - CSIRO Report

A new report by the CSIRO has warned the cost of petrol could rise to as high as $8 a litre in the next 10 years.
The Fuel for Thought study by the Future Fuels Forum says that would be the worst-case scenario if oil production does not keep up with increasing demand.
Petroleum engineer Phil Hart from the Australian Association for the Study of Peak Oil and Gas believes it will not be long before the demand for oil will outstrip supply.
"Oil production has been essentially flat since 2005, and we have only another couple of years at this same sort of level of production before we start seeing oil production going into decline," he said.
Doctor John Wright from the CSIRO has told ABC's AM program the study also suggests that such an oil shock would have a greater impact than a carbon emissions trading scheme.
"If we, for example, end up, as a result of an emissions trading scheme, [with the] price of carbon dioxide credit at something like $40 per tonne, which is probably reasonably likely, that would increase the price per litre of fuel by about 10 cents," he said.
Monica Richter from the Australian Conservation Foundation has told AM the report should serve as a wake up call to the Federal Government.
"So we need to do two things," she said.
"We need to urgently get [the] Government to help manufacturers re-tool, for building cleaner cars here in Australia.
"And of course the other thing we need to do to help vulnerable families and low income families is for the Government to invest in public transport.

[SpeedFiend]

oil was at 146 today, by summers end may be between 150-170.

[moldyghosty]

Wow. I own a service business that requires me to drive all over the place. I have watched my profit margin and my equity in my business plummet. Looks like I have more plummeting
to go. Awesome.

[HerBDerb]

Wouldn't surprise me.
The age of petroleum is coming to an end.

[twirlinhippie]

Back in 2001, I was doing safety work for Conocco Phillips on the North Slope here in Alaska and some of the smaller villages were paying $6 plus a gallon then.....anyone interested in opening a mountainboard shop?!

[rush340]

Originally Posted by HerBDerb

Wouldn't surprise me.
The age of petroleum is coming to an end.

Yeah, I doubt that I'll still be daily driving a gas powered vehicle in 10 years.

[Stinkfist]

A year ago nobody predicted this huge increase. You really think anyone can predict the price 10 years from now?

People will say anything to make a headline.

[skategeezer]

WASHINGTON - High gas prices could turn out to be a lifesaver for some drivers. The authors of a new study say gas prices are causing driving declines that could result in a third fewer auto deaths annually, with the most dramatic drop likely to be among teen drivers.

Professors Michael Morrisey of the University of Alabama at Birmingham and David Grabowski of Harvard Medical School said they found that for every 10 percent increase in gas prices there was a 2.3 percent decline in auto deaths. For drivers ages 15 to 17, the decline was 6 percent, and for ages 18 to 21, it was 3.2 percent.
Their study looked at fatalities from 1985 to 2006, when gas prices reached about $2.50 a gallon. With gas now averaging more than $4 a gallon, Morrisey said he expects to see much greater drop — about 1,000 deaths a month.
With annual auto deaths typically ranging from about 38,000 to 40,000 a year, a drop of 12,000 deaths would cut the total by nearly a third, Morrisey said in an interview with The Associated Press.
"I think there is some silver lining here in higher gas prices in that we will see a public health gain," Grabowski said. But he cautioned that their estimate of a decline of 1,000 deaths a month could be offset somewhat by the shift under way to smaller, lighter, more fuel-efficient cars and the increase in motorcycle and scooter driving.
Morrisey said the study also found the "same kind of symmetry" between gas prices and auto deaths when prices go down.
"When that happens we drive more, we drive bigger cars, we drive faster and fatalities are higher," he said.
Morrisey and Grabowski found a nearly identical relationship between gas prices and auto deaths in an earlier study that covered 1983 to 2000. The studies used auto deaths tabulated by the National Highway Traffic Safety Administration, which hasn't yet released figures for 2007.
Clarence Ditlow, executive director of the nonprofit Center for Auto Safety, said it makes sense that auto deaths would decline as driving decreases in response to rising gas prices.
"There are a whole bunch of factors that are influenced by higher gasoline prices — teenagers don't have as much money, so you have the most risky drivers driving less; people are switching out of the bigger, older more dangerous vehicles, and people also know if they drive slower they're going to save gasoline," Ditlow said. "So, from a societal viewpoint, higher gasoline prices have a great number of benefits, and one of the most important benefits is fewer traffic fatalities."
But Ditlow said he would be "delighted and amazed" to see deaths drop by a third. He said the declines in driving, while record-setting, still aren't great enough to suggest such a dramatic drop is likely.
The Department of Transportation said last month that Americans drove 1.4 billion fewer highway miles in April, the sixth month in a row that driving was down and a historic turnaround after decades of annual increases in driving.
"We're out there on a limb a little bit," Morrisey acknowledged, "but given that we get such consistent stories across the two time periods (in both studies) with somewhat different methodology, they seem to be pretty robust estimates."
Morrisey and Grabowski presented their findings to a meeting of the American Society of Health Economists in Raleigh-Durham, N.C., last month. The study was funded by the Robert Wood Johnson Foundation.

[GPymp]

Hey MB, the world is going to end in 2012. Please recalculate the cost of gas for that year please.

[SlayFalcon]

Originally Posted by GPymp

Hey MB, the world is going to end in 2012. Please recalculate the cost of gas for that year please.

why do people say the world is going to end in 2012, Oo

[assumeivan]

Originally Posted by SlayFalcon

why do people say the world is going to end in 2012, Oo

ALL ABOUT 2012

[skategeezer]

hey, at $30 a gallon, I figure more folks longboarding