Stopped by to say good bye.....

[OrangeCrush]

Well guys, last week I put my H2 outside with a for sale sign on the windshield.

The truck lasted a day and a half and was snatched up by a schoolteacher already driving an H2.

I guess the supercharger and liftkit helped sell it. F or 19K, it was a hell of a deal... I had almost that much just in mods.

I absolutely loved the truck but I don't see gas prices going down any time soon and if what they say about gas prices being upwards of 9-10 per gallon in a year or two, I simply don't want to spend that much for gas.

And to top it off, with the announcement that GM was closing their Hummer division, that was just another kick in the pants.

Thanks guys for all the help. Other than the childish bickering that goes on sometimes, this has been a cool place and definitely a must have for an H2 owner.

Take it easy....

Mark

[3Hummer]

have you not realized the natinoal average price of gas dropped from 4.113 a few weeks ago to 3.787 and oil dropped from 148 to 113 still mad expensive but htat 9 to 10 crap is never gonna happen,how many miles did you have on it cuase 19k definitly sounds good for the truck

[frenzy1]

sorry to hear this ! Good luck !

[Karsun]

I absolutely loved the truck but I don't see gas prices going down any time soon and if what they say about gas prices being upwards of 9-10 per gallon in a year or two, I simply don't want to spend that much for gas.

Mark

Who the heck said that? Gas prices have actually gone down. Sorry you sold your truck so inexpensively.

[RazM]

Gas prices have capped, dropped, and will drop further. They've realized that people have come to the point where they're modifying their lives vs. biting the bullet and paying for gas, their only option is to go down.

Gas won't reach 9-10 a US gallon, it'll destroy the country.

[Tex_h2]

i can understand.....sorry to see u go.....

[OrangeCrush]

The bit about 9-10 dollars a gallon is supposed speculation by the "experts".

Even if they are wrong, one thing is for sure... gas WILL go up. It may not hit 9-10 but I assure you the 2-3 per gallon days will be gone before long.

I personally think it's bull**** that we're paying what we're paying but they're already paying 9-10 per gallon in Europe, 11 in Italy.

The point is, even if it only gets up to 5-6 per gallon, I don't want to pay that at 7-8 miles to the gallon.

The truck had 103K miles on it. It was in EXCELLENT condition but it was time....

Anyway, thanks guys for everything.

Much appreciated...

Mark

[Intercooled]

Good luck with your next vehicle.

From what i understand, those prices in Europe are because a gallon of gas is heavily taxed. I just read that in germany they are at $7.00 a gallon. If it weren't for taxes they would be paying just over one dollar for a gallon.

[HummBob]

L8R Mark....

[2-H2's]

I'm currently working in the UK...gas is $1.19 per liter

Good luck!!!

[H2bill]

Gas prices have capped, dropped, and will drop further. They've realized that people have come to the point where they're modifying their lives vs. biting the bullet and paying for gas, their only option is to go down.

Gas won't reach 9-10 a US gallon, it'll destroy the country.

You are correct. Now that there is serious discussion about drilling at home and developing alternative fuels, expect to see it come down even more. OPEC is just like any other business market. If we significantly decrease our dependence on foreign oil they lose money. Simple as that. They will now seek a price level for gas that maximizes their profit but still makes developing alternative fuels less attractive. I would not be surprised to see it go down .50 a gallon before November.

No wonder they want Obama to get elected.

[RCKSTR]

I'm currently working in the UK...gas is $1.19 per liter

Good luck!!!
HOLY SH*T!


Whats the chances of you botteling that liquid gold and shipping it over here? :clapping: Im in Canada and paying $1.41 per litre, wich after doing the conversion is $5.17 US per Gallon!

[HummerJim]

I'll miss your input on the forum! The voices of Orange Crush, like F5stop, & Paragon will become legend :) I guess that's better than notorious. I was one of those people that went from a BIG TRUCK '89 F350 4 X 4 to a Bronco to, a big SUV to the smaller H3 to a Wrangler and now back to the H2. I MISSED the utility of the big vehicle a lot and found myself making two trips in the smaller vehicle versus one in the larger SUV when hauling stuff around. Long highway drives with the Wrangler were pure torture. If it wasn't for the H3 I would have probably never looked at the H2. It's capabilities amazed me. Gas is expensive but there are those of us that NEED the ability to go through mud and snow and up the trail to our cabins in all kinds of weather and still haul stuff around in the back.
I make no excuses for my enjoyment and love of the big H2. Gas is expensive, but to me the H2 combines a hobby, with a lifestyle, with transportation. SIZE MATTERS!!

[CONRAD II]

Orange Crush is not so wrong but before I start I just want to make one thing perfectly clear, I'M NOT SELLING MY HUMMER NO MATTER HOW HIGH GAS PRICES GO. I'll buy a fuel efficient vehicle and park the dammed H2 in the garage and just look at it!! With that being said, everyone needs to keep in mind that gas is a natural resource. Our natural resources only exist in a finite amount, and when supplies dwindle gas prices will naturally rise. I am in the oil and gas business, and I'm not suggesting that we are running out of fuel. All I'm saying is that anyone who thinks that gas prices have hit their peek is sorely mistaken. Enjoy your toys but don't for one second think that things (gas prices) are going to get better! Think LONGTERM

[CONRAD II]

Orange Crush is not so wrong but before I start I just want to make one thing perfectly clear, I'M NOT SELLING MY HUMMER NO MATTER HOW HIGH GAS PRICES GO. I'll buy a fuel efficient vehicle and park the dammed H2 in the garage and just look at it!! With that being said, everyone needs to keep in mind that gas is a natural resource. Our natural resources only exist in a finite amount, and when supplies dwindle gas prices will naturally rise. I am in the oil and gas business, and I'm not suggesting that we are running out of fuel. All I'm saying is that anyone who thinks that gas prices have hit their peek is sorely mistaken. Enjoy your toys but don't for one second think that things (gas prices) are going to get better! Think LONGTERM

[kalantar]

Here is the real story on oil:

http://video.google.com/videoplay?docid=3340274697167011147&hl=en

kind of long but very informative... tons of oil left in the world dont beleive the hype. The speculators have gouged everyone.

[RazM]

Orange Crush is not so wrong but before I start I just want to make one thing perfectly clear, I'M NOT SELLING MY HUMMER NO MATTER HOW HIGH GAS PRICES GO. I'll buy a fuel efficient vehicle and park the dammed H2 in the garage and just look at it!! With that being said, everyone needs to keep in mind that gas is a natural resource. Our natural resources only exist in a finite amount, and when supplies dwindle gas prices will naturally rise. I am in the oil and gas business, and I'm not suggesting that we are running out of fuel. All I'm saying is that anyone who thinks that gas prices have hit their peek is sorely mistaken. Enjoy your toys but don't for one second think that things (gas prices) are going to get better! Think LONGTERM

Gas stations are SITTING on full stock of premium fuel, nobody is touching it unless their vehicle MUST take it (and I know a few cases of people putting regular into premium only vehicles). Basic business, standing stock is not good, especially with something like gas. Go to any gas station, look at the amounts the pump's register. Last time I was there I saw $5, $10, and only one or two machines over $40.

In the past, when gas went up, the majority of people complained, then bit the bullet and continued with life. They've finally raised the price to a point where people are saying "screw it" and they're changing their lifestyles. That's in no way benefitting oil companies, and they're seeing a drastic drop in sales. They have no choice but to level off the price at a point where people are willing to pay for maximum profit.

I'm not going to get into the topic of WHY the gas prices are going up, I'm just going to say anybody that believes it's because of "supply" is listening too much to the media.

[porschett]

If you wat to do something about the price of gas, I urge all to sign the petition!!

www.AmericanSolutions.com

[Tex_h2]

Call me whatever you want....but, I only fill up with Premium.....I did it with my truck for 10 years..and continue to do it with my H2

[NJ H2]

Call me whatever you want....but, I only fill up with Premium.....I did it with my truck for 10 years..and continue to do it with my H2


TREE HUGGER!!! :giggling:
I only fill up with Cam2 :fdance:

[HUMMERcustoms.com/TAZ]

Orange ole Buddy sorry to hear you had to sell H2. I should say you chose to sell. I know you could have continued to run the rig if you wanted to.

Just wait a little while and you can buy a newer model for what you sold the 03 for. Orange you come back and check in even though you are not driving H2 at the moment. You have to much valuable knowledge not to help answer questions.

Conrad II
I agree with your thoughts on fuel prices but, the idea of the resources being finite I disagree with. I'm in oil exploration but, at this moment my partners and I are drilling in proven reserve areas even though they may not have produced in 70 to 100 years ago. We go 1 mile for the same amount of production that is gotten in west Texas where they drill 2 miles. Plus sometimes we get natural gas wells only which is even better since we are near main gas trunk lines we are able to tap directly with a meter in line to record gas sold. We came up with a some plans or guide lines etc. to help us decide where we bought leases that is off the wall for say larger companies but, fits a smaller company like ours.

The oil supply is continously being replinished by decaying matter that formed the supplies we tap now. We drill and it is not unusual to find an oil zone shallow before we reach target depth. This is just a huge bonus. We have gone to places that were supposed to be pumped dry in late 1800's and early 1900's drilled new holes or just go in and clean out the old holes and if info shows drill it deeper. Anyway the holes that just get a clean out and new pump produce 20 to 50 barrels a day with a very small investment compared to drilling new hole.
There is more oil in this planet than the USA for one can ever use. There is more oil within our own borders than we can use up.

What will keep price of gas up, besides greed, is that the 2nd tier developing countries like China and next the 3rd world as of now do not have much if any oil so they will be buying anything we cut back on. So we use it or someone else will. The future price of oil and gas will be determined by 2nd and 3rd tier countries not by our oil habits. Yes mentally our actions can cause markets to fluctuate but, the main trend is up.

Do not get me wrong I believe in getting off the need of oil from people who hate us. We have all the oil in our country we could need for 100 years and if we are all still here we will have developed process's that will stretch that figure who knows by how much.

Well my 2 cents worth and hope Orange will continue to visit.

TAZ

[HummBob]

I'm currently working in the UK...gas is $1.19 per liter

Good luck!!!

I thought it would be MORE???

We're at $1.27 Liter in Canada???

[RCKSTR]

Thats what I said. Im in BC, Paying $1.40 a litre, I think he maybe meant pounds instead of dollars?

[OrangeCrush]

Thanks all, I appreciate it. Like I said, this has always been a cool place to get info and just bs.


Like ya said Taz, I didn't HAVE to sell the H2, I only owe for a year and a half on it.... I could have just paid it off. In fact, many times I made the comment that once I paid it off, I'd let the damn thing sit there rather than sell it.

Between gas prices, extra payments and the fact that it had 103K miles on it, I just figured it was time. I bought my wife a new Jeep (painted it pink already), a new mini cooper for me, and between my Harley payments and existing car loan, I'm paying 2500 bucks a month in car payments. It was just time to lighten the load, no big deal but between insurance and gas and truck payment, I knocked off a grand a month easy.


And as far as the gas price issue, I realize that we are sitting on a TON of oil (processed and still in the ground) but for the poster that said he wouldn't be surprised that gas comes down to .50 a gallon by Nov.... that's naive.

It may drop over the next year a bit (I doubt it we'll ever see 2.00 again) but in the next 2-3 years, it'll only go up.

Good luck everyone, I'll check in time to time.

Mark

[Tex_h2]

I don;t know about everyone else...but gas has been slowly lowering here in texas. Yesterday, I saw as low as 3.30. And a week or so ago, two gas stations in Houston had a gas war....prices drop to a low price of 2.10.....last threw out the day....

[BigKofJustice]

Fuel prices will go in cycles. Theres plenty of oil out there, the oil companies don't wish to cut their own hands off by adding more capacity to lower prices, so they'll tow the "peak oil" line by the enviros because it suits their bottom line.

Oil prices rise and fall, as the US dollar gets stronger, oil prices will fall, thats the real cause of high oil prices, google petrodollar, the whole world trades oil with US Dollars and it really hurts them to covert back and forth because of the lousy exchange rate.

Besides, the way the automakers are acting, there will be a large portion of electric plug and drive, and plug in hybrids in a few years, that's going to drive oil prices down big time. The oil companies and opec need to watch what they're doing, because they'll price themselves out of existence.

TAZ is right on the money, I have many relatives in oil exploration in Alberta and Newfoundland up in Canada, and theres many old wells they are "dry" that get capped, only to open up again a few years later when the price per barrel is up. Go figure.

I went on a business trip for 2 week and I when I got back diesel dropped by 70 cents a gallon in some places in LA, and it's still falling.

[MarineHawk]

The bit about 9-10 dollars a gallon is supposed speculation by the "experts".

Even if they are wrong, one thing is for sure... gas WILL go up. It may not hit 9-10 but I assure you the 2-3 per gallon days will be gone before long.

No, oil and gas WILL fall. The smart "experts" think so. E.g., http://finance.yahoo.com/expert/article/yourlife/98378
It's already HAPPENING.

Oil has fallen from $148 to $110 in some markets in a few weeks. The bubble is bursting. A lot of "experts" convinced a lot of people (not me) in 1999-2000 that the Nasdaq would just keep going up. Didn't happen. Won't with oil either. I know there is increased demand, etc. But 12 years ago, oil was 1/12th of the $148 high. There is not that much demand now. For example, in the same period, China's demand has grown about 70%--not 1,200%.

[OrangeCrush]

No, oil and gas WILL fall. The smart "experts" think so. E.g., http://finance.yahoo.com/expert/article/yourlife/98378
It's already HAPPENING.


What I meant is as a whole, gas prices will go up. They may drop to 2.75 (example) a gallon according to your expert but it will eventually go up through the natural progression of the economy.

When I was younger, gas was less than a buck for a gallon. It has NEVER gone down.... sure it has it's spikes and drops but inflation will keep pushing it up.

What I'm saying is even if gas was to drop for example to 2.75, inflation will make the price rise and soon it will be 3 or 4 dollars a gallon.

Come back to this thread and tell me when gas hits and stays at 2 bucks a gallon. It'll never happen....

For the quantity of oil we have stockpiled in this country, gas shouldn't be over 2 bucks a gallon.

Anyway, it wasn't just the gas, it was the 2500 in car payments, the 103K miles, etc, etc.

Tim, (ttkresurfacing) on this forum is a good friend of mine. He has a little bit more mileage than I do and he hasn't had the best of luck keeping his truck running. Every week it's something. I just figured while my truck was in next to perfect shape, I'd let it go before I started to have problems.

Mark

[peppers&eggs]

Gas does have it ups and downs and these H2's aren't known for its MPG's. I do agree that it can get expensive to fill the tank when gas is in the $3.50-$4.00 range. This is my alternative to the high prices. It is a 2003 Aprilia
SR50. It takes $5.00 to fill the tank with 93 octane and gets anywhere from 75-100 miles to the tank. With me only being 150 lbs, it will cruise between 40-50 MPH with ease. Weather pending, I take it to work everyday and anywhere I have to go that doesn't involve taking the highway. It was a great $900.00 invenstment to help with the gas crunch cause there is no way I am getting rid of my Hummer.

[HummerJim]

Summer is over, the kids are in school, vacation driving season is over, and regular gas is selling for $3.35 at the Quick Stop on hwy 70 last night in MO - should we be surprised? E 85 ethanol was selling for $2.55 a gallon.

[Boss Hoss]

Mark it was good having you on the board. Looks like most who contributed to this board are gone as well, thus the board. Best of luck with your future endeavors/toys!

[MarineHawk]

What I meant is as a whole, gas prices will go up. They may drop to 2.75 (example) a gallon according to your expert but it will eventually go up through the natural progression of the economy.

When I was younger, gas was less than a buck for a gallon. It has NEVER gone down.... sure it has it's spikes and drops but inflation will keep pushing it up.

What I'm saying is even if gas was to drop for example to 2.75, inflation will make the price rise and soon it will be 3 or 4 dollars a gallon.

Come back to this thread and tell me when gas hits and stays at 2 bucks a gallon. It'll never happen....

For the quantity of oil we have stockpiled in this country, gas shouldn't be over 2 bucks a gallon.

Anyway, it wasn't just the gas, it was the 2500 in car payments, the 103K miles, etc, etc.

Tim, (ttkresurfacing) on this forum is a good friend of mine. He has a little bit more mileage than I do and he hasn't had the best of luck keeping his truck running. Every week it's something. I just figured while my truck was in next to perfect shape, I'd let it go before I started to have problems.

Mark

I'm not saying you shouldn't wimp out and sell (just kidding), but the ONLY thing that could possibly matter is the price of gas relative to inflation. It's fairly high now, but, if, hypothetically, it dropped to $2.75 (and never got below $2.00) and stayed below $3.00 for a long time, it would be way cheaper than it was, in real terms, in 1980--because, by then, $2.75 will be worth a lot less. http://static.seekingalpha.com/uploads/2008/6/22/20080620_38.png

For example:

In 1970, a gallon of gas was $0.36, but an average new car cost only $3,900. http://www.elcovaforums.com/forums/newreply.php?do=newreply&p=491350
A pretty expensive car was, like $6K.

Can you imagine, in 1970, being told that you would have to pay $25K for a Ford Taurus? A new house cost less than that--$23.4K. A king sized bean bag chair was only $19.99 (wait, never mind, that's about the same as now thanks to Wal Mart and China).

In 1980, a gallon of gas had skyrocketed (sound familiar) to $1.19, and by 1981, it was up to about $1.35 ($3.17 in today's dollars), and by 1989 it was still only 97 cents. http://www.thepeoplehistory.com/1980s.html

By 1999, gas was all of the way up to $1.22. http://www.inflationdata.com/inflation/images/charts/Oil/Inflation_adjusted_gasoline_price.jpg
In 1981, if you had told someone that, 18 years later, gas prices, which had spiked so sharply (tripled in a short time), would actually be be LOWER (actually less than half the price in inflation-adjusted cost), everyone would have thought you were crazy.

The same may be true now. There is a bubble. It is starting to burst. Gas may be much cheaper ten years from now. Who knows? I think it will be.