Can the threads about escalating resale values, flipping TCHs for a profit and calculating payback on the purchase of a new car in terms of gas savings be far behind?

 

Gas in my area of northern California is +$3.50/gal. And while the WTI price of oil is $100/bbl, most of the world is paying closer to the Brent price of $112/bbl.

 

And here in Manitoba prices just jumped to $1.15/l or $4.35/USgal

 

But, BOFH, at least Canada maintains its highways. Here in California we are letting them deteriorate to the point that the next vehicle I buy may be a Conestoga Wagon.

 

here in australia we pay $1.40/ litre

 

In Alamogordo, NM prices are from $3.09 to $3.29 for regular.

I saw on CNBC where Libya is shutting off their oil for security reasons. Saudi Arabia will increase production to make up the difference, although it may take a few months to equal the difference.

 

Ho hum! we paid $2.86 last week in SC. We live in NC but we often have to go to or pass through SC (and always buy gas).

 

REALLY????!!!!????

Not here. We get a lot of frost damage each spring so there are a lot of patches on all the highways. When they are resurfaced, it only last a couple of years before it too is full of patches. In the city here, they don't fix potholes until it is big enough to park a medium sized car in. Anything less and they call it 'traffic calming'.

 

Here in Red Deer Alberta gas was 1.04 per litre.Yesterday it was posted at 98.4 per litre.

 

Here we go again on the unrest in Libya. High price for regular here in town is now $3.49, low price $3.29. That may increase tomorrow with a barrel of oil at $104.89 at the close. Oil increased at $2.98 today, 3/4/11.

I thought gas was high back when it went over $2 per gallon.