Monday, January 10, 2011

2011 a repeat of 2008? Ex-oil Exec says get ready for $5 gas

Okay, so when I was convincing my wife that I needed a motorcycle again, one of the reasons I cited was that it would be great to have something that was good on gas for short hops around the valley and maybe even driving to work. I bought my Ford F150 pickup just as gas prices spiked last time. It runs E85, which is cheaper, but that drops the MPGs down to about 13. My old CB400 on the other hand was spec'd at least 45 mpg. It would be much higher if not for the auto tranny.

Now, the ScooterScoop is saying gas prices are slated to go up again. ( 2011 a repeat of 2008? Ex-oil Exec says get ready for $5 gas ) If you didn't notice, gas this Christmas topped $3 a gallon for the first time. Even with the dip in demand of the global economy, they aren't making new oil.