Oil jumps above $100 on refinery outage

[HungLikeJesus]

Originally Posted by sycamore

Gas went up this afternoon from $2.799 to $2.989. If it stays up, I'll go through my gas budget before the end of next week.

The Aveo is still calling me...but I'll only take a yellow one.

I heard a story yesterday about why diesel fuel is so expensive and how it will not go down any time soon. But apparently, the US is starting to warm up to it and it will become more popular by the end of the decade.

I spent yesterday at a conference on alternative transportation fuels from cellulosic materials.. Speakers included Steve Andrews (co-founder of Association for the Study of Peak Oil), some forestry people, a representative from the Colorado Governor's Energy Office, two US Senators (Salazar and Allard), and others.

They did a pretty good job of convincing me that world oil production is very near the peak, which means that production will level off, then begin to drop, even as demand is increasing.

When this happens gas will get very expensive. I'm seriously considering getting rid of my truck (which gets 18 to 20 mpg), because it won't be worth much when gas gets scarce.