Place your bets (BP announces that it's shutting down a pipeline)

[Aviation Pro]

Over under for regular unleaded by the end of the week (national average): $3.50.

[meegbear]

1. $3.25 for regular unleaded

[larrysh]

2. $3.15........refineries are at capacity.....End of next week....$3.50

[megatherium]

3. $3.31 national average for regular. nt

[mom cat]

4. Where is the pipeline? ... Link?

[meegbear]

5. Here yah go ...

http://money.cnn.com/2006/08/07/news/international/oil_alaska/index.htm?cnn=yes

[mom cat]

7. Thanks! ... that was quick!

[AndyA]

6. $3.30-3.50 by the end of this week.

I'm sure BP had no idea that there was any problem with the pipeline prior to this time...yeah right...anyone wanna buy an oceanfront condo in Arizona?

[Vidar]

14. Considering global warming, maybe...

[Nickster]

8. Well, I'm already at 3.25 a gallon. So I'm guessing the floor is going

to be 3.35 probably tonite. I'd say 3.50 is the floor starting next week.

[meegbear]

9. Here in Boston suburbs, it's around $3.00

so I predict a $0.25 increase.

[mtnester]

10. I called $3.50 before week's end here in Central Ohio

I filled up this AM at $2.89, lowest grade.

[a la izquierda]

11. seriously...

southern california is over $3, but here in oklahoma i bet we'll be at least 3.15 a gallon.
thank god i don't drive much.

[nascar55]

12. Lets see

I would say with the war and the Hurricane season and now this by the end of Aug. it will be around $4 a Gal. Oh I'm sorry you said by the end of the week well how is $3.36 Natl Av.

[DoYouEverWonder]

13. So instead of being afraid of al CIAda this year

We have to afraid of oil flow. Oh no, what will we do Batman?

[oc2002]

15. good, I hope gas goes to $5/gallon.

maybe then people will think about not driving that V8 gass leaking, carbon spewing, big car truck thing down the road, when it starts to realy get expensive..


go hybrid cars for the win folks.

[high density]

16. Spoken like a person who wants this country to be on its knees?

I'm not sure what $5 gas would accomplish beyond punishing the middle and lower class even further with not just higher pump prices, but higher costs of groceries and household products as well.

[RebelOne]

17. What if we can't afford to buy hybrid cars?

I know I couldn't afford to buy another car right now.

[earthmama]

19. really

everyone keeps telling me to get a hybrid, get a hybrid .... with the cost of living jumping to the sky I can not afford a car, not even a shit kicker car.

[meisje]

20. Another DU Genius

Not

[megatherium]

23. If you believe in "peak oil," the sooner gas prices go up,

the better, because America needs to confront its dangerous dependence on petroleum (especially imported petroleum). If gas prices are kept relatively low for too long, when the crisis hits it will be that much more disastrous, because too many people will still be driving big cars and trucks.

If you don't believe in peak oil, than this is just a bunch of BS, and all higher gas prices would do is make oil companies rich at the expense of people who can't afford $5 gas.

Personally, I lean towards the peak oil theory, and I'm more worried about the consequences of a permanent, worsening oil shortage on the economy, or the consequences of a sudden supply interruption, than I am about $5/gallon gas.

[earthmama]

18. currently 2.99 in Charlotte, nc ... me thinks

it will jump to 3.10 over night and about 3.35 by the end of the week.

If it goes any higher then by by Mauy Thai classes for me.

[johnaries]

21. Diesel prices going up almost a dime in most of the country

over last week already.

[slaveplanet]

22. 8% of US daily production

but it represents only 2% of daily US consumption, and much of it is destinined for Asia not the US market, save for the west coast.