[align=center][/align][align=center]How much lower will gas get for your Monte Carlo[/align][align=center]before it starts to increase again ?[/align][align=center][/align][align=center]I think now is the time for a Road Trip in your Monte Carlo[/align][align=center]`if you have the time to EnJoy.[/align][align=center]What are you paying for `gas in your area ?[/align][align=center][/align][align=center][/align][align=center]
U.S. Petroleum
Consumption. Buffeted by the increase in prices to record levels and the weakening economy, total petroleum products consumption in 2008 is projected to fall by 1.2 million bbl/d, or 5.8 percent, from the 2007 average (U.S. Petroleum Products Consumption Growth). Motor gasoline consumption is projected to decline by 320,000 bbl/d, or 3.4 percent, in 2008 with the year-over-year decline narrowing to 50,000 bbl/d in 2009. Despite the recent cold weather that gripped much of the Nation, distillate fuel consumption is projected to decline by 240,000 bbl/d, or 5.7 percent, in 2008, and by an additional 70,000 bbl/d in 2009. In 2009, total petroleum products consumption is projected to fall by 200,000 bbl/d, or 1 percent.
Production. In 2008, domestic crude oil production is projected to average 4.9 million bbl/d, a decline of 130,000 bbl/d from last year (U.S. Crude Oil Production). However, domestic production is projected to increase in 2009 by 320,000 bbl/d to an average of 5.25 million bbl/d. This would be the first production increase since 1991. Contributing to the increase in output are the Gulf of Mexico Thunder Horse platform, which is coming on stream now, and the Tahiti platform, expected to come on stream late in 2009.
Prices. Having fallen from record highs to below $50 per barrel, WTI prices are projected to average around $100 per barrel in 2008. Under current economic assumptions and assuming no major crude oil supply disruptions, WTI prices are expected to average $51 per barrel in 2009 (Crude Oil Prices), down from the $63.50 projected in last month’s Outlook.
Regular-grade gasoline prices averaged $1.70 per gallon on December 8, down substantially from their July 14 peak of $4.11 per gallon. They are projected to average $2.03 per gallon in 2009,[sm=bounceybounce.gif][sm=gears.gif]Rac'in[sm=gears.gif][sm=bounceybounce.gif] ,down from the $2.37 per gallon projected in the previous Outlook. Because of continued weakness in motor gasoline consumption, the difference between the price of gasoline and the cost of crude oil is expected to remain low throughout the forecast.
Residential heating oil retail prices this winter are projected to average $2.53 per gallon, a decrease of 78 cents from last winter’s average. On-highway diesel fuel retail prices are projected to average $2.47 per gallon in 2009, down $1.33 from the 2008 average, compared with a $1.16-per-gallon decline in the price of WTI crude oil. The projected continuation of the decline in the consumption of diesel fuel in the United States as well as a slowing of the growth in distillate fuel usage outside the United States are expected to result in a weakening of refining margins.
Spot propane prices are strongly influenced by both crude oil and natural gas prices. Residential retail propane prices are projected to average $2.10 per gallon this winter, a decrease of 14 percent from the last winter heating season. However, with current low inventories, propane markets are likely to remain relatively tight this winter, with the potential for upward pressure on residential propane prices if the recent colder-than-normal weather persists.
[:-]Source link & More Information below [:-]
http://www.eia.doe.gov/emeu/steo/pub/contents.html

See the USA/Canada in your Chevrolet Monte Carlo
while the prices are low $ 4-$ure

I would love to take a Road Trip in this Monte SS
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it mean't a road trip for my family and i....

 

I seen $1.479 a couple of weeks ago, but it seems to leveled out to $1.589 and $1.769 for Amoco Ultimate. I'm paying about $60/week less in gas than this past summer.

We'll be going north to have Christmas with my parents in Northern Michigan next week. 500 miles round trip. Taking the Intimidator SS, and pulling the speaker box to make room for Santa's gifts for the little ones. Dogs in the back seat, and ROAD TRIP!

Summer will be time for road trips in the roadster, Lucy, LadyT's 07 Solstice GXP. We have at LEAST 2 trips tentatively planned for 2009. 1st is the Hot Rod Magazine Power Tour in June, then the Tail Of The Dragon in early August. Probably a couple of shorter runs, also, such as Twisting To The River, (the 555 in NE Ohio) in May.