# Midwest floods may send gas up 15% or approx 61 cents per gallon. **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [June 13, 2008, 10:30am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945 "2008-06-13T10:30:34Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\ **Post date:** [June 13, 2008, 10:30am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/1 "2008-06-13T10:30:34Z")
its getting retarded rediculous now. [http://money.cnn.com/2008/06/13/news/economy/corn\_ethanol/index.htm?cnn=yes](http://money.cnn.com/2008/06/13/news/economy/corn_ethanol/index.htm?cnn=yes) NEW YORK ([CNNMoney.com](http://CNNMoney.com)) – Continued flooding in Iowa and Illinois - the nation’s top two corn-growing states - is inciting fears that the cost of the high-priced crop could soar even further, driving up ethanol and gas prices, too. Days of heavy rain across the Midwest “corn belt” region have wreaked havoc on the crop, sending front-month prices to $7.08 a bushel on the Chicago Board of Trade Friday. Corn futures have risen for 7 straight trading sessions. Since ethanol - a mandated ingredient in U.S. gasoline - is produced domestically with corn, rising crop prices could send already record gasoline prices even higher. “The floods in the Midwest will have a major impact on ethanol,” said Phil Flynn, senior market analyst at Alaron Trading in Chicago. Gasoline in the United States is comprised of only about 6% to 10% ethanol, as mandated by federal and state governments. But Flynn believes gas prices could jump 10% or 15% if corn were to hit $10 a bushel and crude oil maintains its current high level. With the national average of gasoline at a record $4.07 a gallon, according to AAA, a 15% increase would translate into an additional 61 cents. “Crude oil is still the predominant factor why gas prices are high, but don’t think that 6% to 10% isn’t going to matter,” Flynn said. ---
**Author:** ![BuickGN](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/buickgn/32/7200_2.png) [@BuickGN](https://forums.speedlife.net/u/BuickGN)\ **Post date:** [June 13, 2008, 10:31am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/2 "2008-06-13T10:31:27Z")
jesus ---
**Author:** ![Bacon](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bacon/32/7230_2.png) [@Bacon](https://forums.speedlife.net/u/Bacon)\ **Post date:** [June 13, 2008, 10:31am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/3 "2008-06-13T10:31:34Z")
I bet you have a nice radioactive glow from sitting in front of a monitor all day watching oil/gas prices. Sucks, but oh well. ---
**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\ **Post date:** [June 13, 2008, 10:33am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/4 "2008-06-13T10:33:12Z")
> [@FuzzyFish](#): > > I bet you have a nice radioactive glow from sitting in front of a monitor all day watching oil/gas prices. yeah my face is bright red and my blood pressure is skyrocketing. i mean whats next, a hurricane? maybe we can hit $7 a gallon. :roll: ---
**Author:** ![PureXTC](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/purextc/32/5223_2.png) [@PureXTC](https://forums.speedlife.net/u/PureXTC)\ **Post date:** [June 13, 2008, 11:18am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/5 "2008-06-13T11:18:34Z")
+1 for hydrogen cars. I can’t wait till they are affordable. Imagine never buying gasoline. Frees up about $80/week for me. ---
**Author:** ![Bucker](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bucker/32/7379_2.png) [@Bucker](https://forums.speedlife.net/u/Bucker)\ **Post date:** [June 13, 2008, 11:20am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/6 "2008-06-13T11:20:29Z")
“Ethanol is the solution!” What ever happened to that mentality? Fucking 'tards, Told you so! ---
**Author:** ![justa4door](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justa4door/32/7259_2.png) [@justa4door](https://forums.speedlife.net/u/justa4door)\ **Post date:** [June 13, 2008, 11:22am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/7 "2008-06-13T11:22:57Z")
- 1 for driving over 100 miles a day round trip for work …yessss ---
**Author:** ![Paulo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/paulo/32/7328_2.png) [@Paulo](https://forums.speedlife.net/u/Paulo)\ **Post date:** [June 13, 2008, 11:23am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/8 "2008-06-13T11:23:28Z")
> [@j\_espo1](#): > > yeah my face is bright red and my blood pressure is skyrocketing. > > i mean whats next, a hurricane? maybe we can hit $7 a gallon. :roll: Honestly, it’s not a matter of IF, but WHEN. Don’t we still have cheaper gas prices than most other places in the world anyhow? Canada is usually ~40-50 cents more after conversions and currency. I was told places in Europe pay much much more than that. ---
**Author:** ![PureXTC](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/purextc/32/5223_2.png) [@PureXTC](https://forums.speedlife.net/u/PureXTC)\ **Post date:** [June 13, 2008, 11:26am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/9 "2008-06-13T11:26:21Z")
> [@Paulo](#): > > Honestly, it’s not a matter of IF, but WHEN. > > Don’t we still have cheaper gas prices than most other places in the world anyhow? Canada is usually ~40-50 cents more after conversions and currency. > > I was told places in Europe pay much much more than that. Last summer I took a trip to the Bahamas. Gas here was like 3/gal? Over there it was 6.50! Nuts! ---
**Author:** ![Bucker](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bucker/32/7379_2.png) [@Bucker](https://forums.speedlife.net/u/Bucker)\ **Post date:** [June 13, 2008, 11:27am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/10 "2008-06-13T11:27:21Z")
UK Petrol Prices for Thursday 12th Jun 2008 Avg. Min. Max. Unleaded 117.6p 112.9p 129.9p Diesel: 131.0p 125.9p 144.9p LRP: 121.3p 115.9p 130.9p Super: 124.4p 115.9p 135.9p LPG: 59.5p 49.9p 64.9p Yay! ---
**Author:** ![psphinx81](https://avatars.discourse-cdn.com/v4/letter/p/e9a140/32.png) [@psphinx81](https://forums.speedlife.net/u/psphinx81)\ **Post date:** [June 13, 2008, 11:29am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/11 "2008-06-13T11:29:31Z")
\<---- ---
**Author:** ![JCuz](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jcuz/32/7338_2.png) [@JCuz](https://forums.speedlife.net/u/JCuz)\ **Post date:** [June 13, 2008, 11:54am UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/12 "2008-06-13T11:54:13Z")
lol, i love that avatar, haha ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [June 13, 2008, 12:34pm UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/13 "2008-06-13T12:34:05Z")
you do realzie the reason canada and europe are higher is because of taxes right? the base line price of gas SANS taxes is pretty much the same all over the world… ---
**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\ **Post date:** [June 13, 2008, 12:37pm UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/14 "2008-06-13T12:37:52Z")
> [@Viper966](#): > > you do realzie the reason canada and europe are higher is because of taxes right? > > the base line price of gas SANS taxes is pretty much the same all over the world… Except in the middle east where gas prices are \<$1.00 ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [June 13, 2008, 12:40pm UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/15 "2008-06-13T12:40:08Z")
> [@sedlmeier101](#): > > Except in the middle east where gas prices are \<$1.00 there are some places where the gas price is subsidized by the government… im pretty sure that is the case with the middle east, that the gas price is subsidized by proffitss from the oil industry taxes over there… ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [June 13, 2008, 12:48pm UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/16 "2008-06-13T12:48:35Z")
fuck gas. Corn is used in nearly EVERY processed food known to America. :ohnoes: ---
**Author:** ![Cavi\_Mike](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cavi_mike/32/5217_2.png) [@Cavi\_Mike](https://forums.speedlife.net/u/Cavi_Mike)\ **Post date:** [June 13, 2008, 1:36pm UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/17 "2008-06-13T13:36:14Z")
I know I just saw an article somewhere about how gas was supposedly going to plateau at the $4 mark. Yeah, right. ---
**Author:** ![Karter](https://avatars.discourse-cdn.com/v4/letter/k/e480ec/32.png) [@Karter](https://forums.speedlife.net/u/Karter)\ **Post date:** [June 13, 2008, 1:40pm UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/18 "2008-06-13T13:40:46Z")
Peddle power never looked so good. If the government dosent regulate this shit, its going to keep going until its 20$ a gallon. ---
**Author:** ![TORQDSS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/torqdss/32/5125_2.png) [@TORQDSS](https://forums.speedlife.net/u/TORQDSS)\ **Post date:** [June 13, 2008, 1:56pm UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/19 "2008-06-13T13:56:23Z")
so why does corn have anything to do with gas prices skyrocketing? I ask because ethanol is not widely used yet, there is no gasoline plant there that I know of and not much of a relationship between the two products. do they use corn to produce gasoline now? maybe i’m just a moron but i don’t understand why a flood in the midwest that is killing a corn crop would make gasoline prices go up. ---
**Author:** ![Karter](https://avatars.discourse-cdn.com/v4/letter/k/e480ec/32.png) [@Karter](https://forums.speedlife.net/u/Karter)\ **Post date:** [June 13, 2008, 1:57pm UTC](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945/20 "2008-06-13T13:57:47Z")
> [@TORQDSS](#): > > so why does corn have anything to do with gas prices skyrocketing? I ask because ethanol is not widely used yet, there is no gasoline plant there that I know of and not much of a relationship between the two products. do they use corn to produce gasoline now? > > maybe i’m just a moron but i don’t understand why a flood in the midwest that is killing a corn crop would make gasoline prices go up. all gasoline has atleast 10% ethonol in it now. [Next page](https://forums.speedlife.net/t/midwest-floods-may-send-gas-up-15-or-approx-61-cents-per-gallon/49945.md?page=2)