100LL is $8.16 in MD - Airshow season should be interesting

[Cherrybomber13]

I was doing some research for a project and ran across some seriously high 100LL prices. Any thoughts on how this might effect the Warbird tours this year? Just for reference I have seen automobile gas at over 4.45 around NYC.

[snj-5]

If you want to voice your opinion on the Wall Street casino that is otherwise
known as "crude oil speculation", enter your comments on the CFTC’s
proposed position limits on speculative investors here:

http://capwiz.com/nefi/utr/1/BUILPBGUDD ... 6577755686

17 CFR Parts 1, 150 and 151 Position Limits for Derivatives

Over the course of an average month 5 BILLION barrels of oil will be traded, with a fee being collected on every
single transaction which is ultimately passed down to consumers, yet less than 40M barrels will actually be
delivered. That is just 8 tenths of 1 percent of actual demand for the product that is being traded – 99.2% of the
oil transaction fees being paid by the American people do nothing more than create fees for the traders and
record profits and bonuses for the trading firms!

Bela P. Havasreti

[jet1]

STOP allowing the oil producers in America to sell our American oil to China and Japan. lets use our oil here and let the others buy it from opec. protectionism in action all the crude that comes out of Alaska comes down to US refineries and gets processed We don't buy from anyone - we don't sell to anyone. simple

[agent86]

at these prices,I'm thinking airshows are gonna be kinda sparce.Wonder how Reno and Oshkosh will fare.

[jspott]

"We don't buy from anyone - we don't sell to anyone. simple "

WOW a recipe for 10 dollar gas. I wish it was that simple the US can't produce enough oil to meet our demand we have to import oil.The US peaked its production in 1970 thats why opec could impact us with the embargo. we cant drill our way out of this there is not enough oil in the US unless we used all we have in the next 20 years but I think we should use our oil slower it is a HUGE NATIONAL SECURITY risk if we used most of what we have in a couple of decades to artifialy keep gas prices lower.

anyway I think airshow attendance will be up(cheaper to go to the local airshow than a cross countrytrip) but money to bring in proformers will definitely be down

[snj-5]

WOW a recipe for 10 dollar gas. I wish it was that simple the US can't produce enough oil to meet our demand we have to import oil. The US peaked its production in 1970 thats why opec could impact us with the embargo. we cant drill our way out of this there is not enough oil in the US unless we used all we have in the next 20 years but I think we should use our oil slower it is a HUGE NATIONAL SECURITY risk if we used most of what we have in a couple of decades to artificially keep gas prices lower.

Keep gas prices artificially lower? They're being kept artificially higher right now! Again, less than 1% of the
oil traded in the markets these days goes to bonefied users and/or commercial hedgers. The majority of
contracts are paper barrels pushed around by the same banks who lobbied hard a decade or so ago to
remove regulation (Goldman Sachs, JP Morgan, etc.) and they're doing it with heavily leveraged (basically free)
money. It’s probably the most profitable scam ever perpetrated on the people of this planet, as they take
control of a vital resource and then create artificial shortages and drive speculative demand in order to charge
us an extra dollar per gallon of gas. We don’t complain because it’s "only" $15-$20 every time we fill up our tanks,
but that’s what they count on – it’s $20 from me and $20 from EVERY SINGLE ONE of us once or twice a week
and $20 more dollars we all need just to get to work. It’s money that could be going back into our economy
instead of a new gold bathtub for a Saudi Prince or a Goldman trader.

Before ICE, the average American family spent 7% of their income on food and fuel. Last year, that number topped
20%. That’s 13% of the incomes of every man, woman and child in the United States of America, over $1Tn EVERY
SINGLE YEAR, stolen through market manipulation. On a global scale, that number is over $4Tn per year – 80 Madoffs!
Why is there no outrage? Why are there no investigations? Look up ICE and who created it (makes for interesting
reading).

In any event, it depends upon who you talk to, but there are sources who say there is 400+ years worth of oil left.
Plenty of time to come up with alternatives, you'd think....?

Playing devil's advocate, oil priced too cheaply isn't good either (tends to stifle investment and investigation into
alternatives). Bottom line, even traders in the pits who have been doing it for decades say the price is too high (many
agree crude should be $60-$90/barrel right now).

To put this into aviation terms, I used to fly about 200 hours per year. With gas prices where they are at
now, you can basically cut that in half (or less....). Before someone posts it, spare me the "if you have to
ask, you can't afford it" speech. I own all my toys free & clear (and I paid cash for them all!).

Bela P. Havasreti

Last edited by snj-5 on Thu Mar 10, 2011 12:45 am, edited 1 time in total.

[Randy Haskin]

To keep things in perspective, even at the "high" prices we're paying right now, it's still less than half of what I was paying when I lived in the UK two years ago.

In the US, we enjoy prices MUCH lower than the rest of the "western" world.

[warbird2]

To keep things in perspective, even at the "high" prices we're paying right now, it's still less than half of what I was paying when I lived in the UK two years ago.

In the US, we enjoy prices MUCH lower than the rest of the "western" world.

I am guessing that you are in the military? If that is the case than you were getting a cost of living allowanceand probably access to fuel coupon in the UK? You were not paying the price people on the street were as your living allowance would come close to making up the difference. Plus you could buy gas on base couldn't you?

[expat]

Just to put it in perspective , fuel prices are being forecasted to reach 2pounds a litre in the Uk ,that works out to about $8 a gallon.
I live in Oman petrol prices are less than 50cents a litre,certainly in the Uk most of the cost of petrol is Government tax.

[Russ Blow]

We are up to 4.32 for 100LL at KSFQ. Goes up much higher I will have to start cruising at 1950 instead of 2100. Will cut me from 4 gph to around 3.6 gph in the L 4. This is going to hurt!

[snj-5]

To keep things in perspective, even at the "high" prices we're paying right now, it's still less than half of what I was paying when I lived in the UK two years ago.

In the US, we enjoy prices MUCH lower than the rest of the "western" world.

With respect, my perspective here is that we are getting ripped off. Unfortunately for our bretheren in Europe (and
elsewhere around the world), they are (and have been) getting ripped off for quite some time....

[avenger2504]

To keep things in perspective, even at the "high" prices we're paying right now, it's still less than half of what I was paying when I lived in the UK two years ago.

In the US, we enjoy prices MUCH lower than the rest of the "western" world.

With respect, my perspective here is that we are getting ripped off. Unfortunately for our bretheren in Europe (and
elsewhere around the world), they are (and have been) getting ripped off for quite some time....

Here in New Zealand we are now paying $2.16 a litre but because of the devastating earthquake here in Christchurch our prices are still at $2.03. So that works out to 0.26 of a US gallon. Roughly using the exchange rate and the figure of $4.32 a gallon you are paying the approx NZ$1.46 a litre. darn, might have to get a pipeline out from you guys!!

[agent86]

yes gas is out of control but when I went to New Zealand in 1993,I was paying $1.75 a gallon here at home,in NZ they were paying 1.75 nz per litre.they all wanted to move here.more or less 4 litres per gallon isnt it?

Last edited by agent86 on Thu Mar 10, 2011 5:40 am, edited 1 time in total.

[JDK]

In the US, we enjoy prices MUCH lower than the rest of the "western" world.

Thank you Randy, for pointing that not-so-little fact out.

Certainly rising prices always cause a squeeze, but other places have demonstrated - usually unwillingly - that the sky doesn't fall and civilisation doesn't end.

Cheers,

[Sopwith]

Wish it was that price here,the other week it was £1.92 per litre which eqautes to roughly $13.94 per gallon.Thats heavy duty spending for 100LL.