Pipline explosion: Price of gas..??

[SpriteZero]

There was a pipline explosion in Minnesota that could disrupt the 450,000 bpd flow.
This could effect the current (speculated) price of a barrel of oi and push it up/over the $100.00 mark.

The price of gas is based on the speculation of the rising cost of crude that a company MIGHT have to pay for in the future, so the price you pay at the pump today will cover the cost to replace that gas at the next refilling by the tankers. (like anyone really understnad WHY we pay what we do and WHO is making the big profits based on someones speculation)

My question to you: How do you manage the ever rising price of gas these days?
I'm a single mom of one (teenager) and find it not to difficult (as yet) to pay the price.
But if gas continues to go up, it will present some budget stress.

 

[GWguy]

There was a pipline explosion in Minnesota that could disrupt the 450,000 bpd flow.
This could effect the current (speculated) price of a barrel of oi and push it up/over the $100.00 mark.

The price of gas is based on the speculation of the rising cost of crude that a company MIGHT have to pay for in the future, so the price you pay at the pump today will cover the cost to replace that gas at the next refilling by the tankers. (like anyone really understnad WHY we pay what we do and WHO is making the big profits based on someones speculation)

My question to you: How do you manage the ever rising price of gas these days?
I'm a single mom of one (teenager) and find it not to difficult (as yet) to pay the price.
But if gas continues to go up, it will present some budget stress.

It's created a stress in all of us, to one extent or another. I don't have a huge budget for increases in fuel either, most of it will be directed to home heating this winter. I curtail driving when possible, use alternate methods of travel (motorcycle w/45mpg).

The fuel industry knows supplies are limited, and will eventually run out. They need to get every dollar they can out of the system before it runs dry. They boost the cost based on futures, and are very slow to drop prices accordingly, citing the need to "make up losses" during that time. It's win/win for them, loss/loss for us.

 

[SpriteZero]

It's created a stress in all of us, to one extent or another. I don't have a huge budget for increases in fuel either, most of it will be directed to home heating this winter. I curtail driving when possible, use alternate methods of travel (motorcycle w/45mpg).

The fuel industry knows supplies are limited, and will eventually run out. They need to get every dollar they can out of the system before it runs dry. They boost the cost based on futures, and are very slow to drop prices accordingly, citing the need to "make up losses" during that time. It's win/win for them, loss/loss for us.

I have a wood stove/Franklin stove in the basemet for additional heat...I cringe to see fuel bill this winter!!
Good thing I have a nice big woodpile!!!

Often thought of solar, but that is a huge investment that I can not affored just yet.
Yes, it is a loss/loss for us....