View Single Post
  #216   Report Post  
Posted to alt.home.repair,alt.building.construction
Paul M. Eldridge Paul M. Eldridge is offline
external usenet poster
 
Posts: 415
Default 40 gal just not enough: Replacing water heater for 2400 sq home.

On Sun, 8 Jun 2008 10:27:02 -0700 (PDT), ransley
wrote:

On Jun 8, 11:52*am, RicodJour wrote:
On Apr 15, 12:02 pm, "S. Barker" wrote:

Well mr. RANSLEYASS, it's still 3.09 here in kc. *I don't see it hitting $4
here THIS summer. * Watch us atwww.kcgasprices.comso i don't have to keep
telling you.


Still hanging on to that belief? *Based on your link it's gone up
sixty or seventy cents per gallon in less than two months. *Your
powers of prognostication are wanting.

R


And now how much higher is it going?


I don't think anyone can give you a good answer. However, one thing
to note is that the crack spread as shown below has all but
disappeared, so if refinery margins eventually return to normal levels
(and if that doesn't happen soon, many refiners will go out of
business), gas will be selling between $4.30 and $4.50 a gallon. In
California, regular unleaded is already in the range of $4.45 to $4.50
and it's likely just a matter of time before the rest of the country
follows suit.

http://www.fuelgaugereport.com/

Crude oil jumped almost eleven dollars a barrel on Friday and that
came on the heels of some five and a half dollars the day before.
Many in the industry believe $150.00 a barrel is just weeks away, so
in the absense of a world-wide recession, expect continued upward
pressure.

Cheers,
Paul