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RE: Gas Prices - 9/6/2005 8:29:17 PM

DesertRat

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3.09 here in southern New Mexico.

Bob

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RE: Gas Prices - 9/6/2005 8:35:35 PM

UtopianRanger

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Gas Prices Just dropped 11 cents overnight, here in Oregon - 2.94 / gal

- The Ranger

< Message edited by UtopianRanger -- 9/6/2005 8:36:18 PM >

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RE: Gas Prices - 9/6/2005 10:17:54 PM

Lordandmaster

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The lowest I've seen here is $3.149, but I have a feeling it's going to come down.

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RE: Gas Prices - 9/11/2005 8:18:38 PM

Lordandmaster

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Didn't think so.

quote:

ORIGINAL: Lordandmaster

I'm just curious--did you even TAKE Economy 101?

quote:

ORIGINAL: pantera

When there is more demand than supply for a product, then higher prices are a MUST-

basic economy 101

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RE: Gas Prices - 9/11/2005 8:36:26 PM

Ojedieu

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Regular unleaded now 2.89 in Michigan, 2.87 once in a blue moon.

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RE: Gas Prices - 9/11/2005 9:22:45 PM

sub4hire

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Yesterday in Nebraska it was 2.89 a gallon. Yesterday in Iowa it was 3.19 a gallon...and yesterday when we got home it was 2.98 here for a gallon...all the cheap stuff.

It actually went down after raising 15 cents a gallon overnight in Nebraska...so perhaps it is slowly dropping a few cents.

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RE: Gas Prices - 9/12/2005 9:12:48 AM

SirKenin

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Gas prices are falling because of the lack of demand

http://quote.bloomberg.com/apps/news?pid=10000103&sid=a5FYrK3mJpSc&refer=news_index

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RE: Gas Prices - 9/14/2005 7:43:58 AM

Amaros

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quote:

No. In fact, there is solid evidence against this. I could recommend a kabillion things to read about it, but you could start with this article from the March 2005 issue of Scientific American:

Solar variation can account for some of it, but the main culprit appears to still be hydrocarbons from human activity, which includes agriculture, animal husbandry, etc.

One moderating factor may the absorbtion of CO by the oceans - if saturation levels are reached there, change might occur rather suddenly.

It's a very complex system, the main concern right now is the potential disruption of the Gulf Stream (Global warming of Atlantic could hit fish -study - Reuters) which could potentially trigger a number of sudden catastrophic scenarios, including those along the lines dramatized in the movie Day After Tomorrow. Beyond that, increased CO levels, while initially spurring the growth of vetgatation in the short term, has long term negative effects on vegetation - nitrogen shortages among other things.

< Message edited by Amaros -- 9/14/2005 7:48:28 AM >

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RE: Gas Prices - 9/14/2005 7:54:13 AM

Amaros

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quote:

Gas prices are falling because of the lack of demand

Slate had an interesting article on price gouging - apparently the actual gouging takes place after the price of oil has dropped: when the price per barrel of oil rises, gas prices rise quickly to meet it - when price per barrel drops however, gas prices lag, and fall more slowly.

Pump It Up Don't worry about price gouging now. Worry later.
By Austan Goolsbee

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RE: Gas Prices - 9/14/2005 8:13:58 AM

Amaros

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quote:

The amount of money spent on foreign aid is a small fraction of the money that is wasted on interest payments on the national debt. But the public doesn't seem to care that 10% of the federal budget goes to pay interest: that is $100 out of every $1000 you pay in taxes being spent and not buying anything.

I think your your figures are skewed - interest payments are closer to to a quarter of general revenues, i.e., revenues from income tax - as opposed to total revenues which includes payroll taxes - down from almost a Third in the early Eighties thanks to bi-partisan commitment to debt reduction. In other words around $250 of every thousand is spent on interest payments. Doesn't it feel good to know a quarter of your tax dollars are going tax free to the same people who primarily benefitted from the tax breaks that drove the debt back into overdrive? Pretty slick stuff, these guys are good.

By 2070 I believe it is, interest on the current debt will exceed current general revenues.

Yet for some reason they don't call that redistribution, when they bitch about buying milk for those unemployed babies.

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RE: Gas Prices - 9/14/2005 8:19:44 AM

Amaros

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quote:

These companies import Middle Eastern oil:

Shell............................ 205,742,000 barrels
Chevron/Texaco......... 144,332,000 barrels
Exxon /Mobil............... 130,082,000 barrels
Marathon/Speedway... 117,740,000 barrels
Amoco............................62,231,000 barrels

If you do the math at $60/barrel, these imports amount to over $36 BILLION! (oil is now $60-$70 a barrel)

Here are some large companies that do not import Middle Eastern oil:
Citgo......................0 barrels
Sunoco...................0 barrels
Conoco..................0 barrels
Sinclair.................0 barrels
BP/Phillips............0 barrels
Hess.......................0 barrels
ARC0....................0 barrels

All of this information is available from the Department of Energy and each is required to state where they get their oil and how much they are importing.

BP/Phillips is now BP/Amoco - clients of George W. Guess who owns that six months supply of oil in the ANWR? You can also google up allegations made by Amnesty International of ethnic cleansing in Africa instigated by BP.

While you're at it, google up Peter Munk, another friend of the family, owner of Barrick gold where George HW went to work after he lost to Clinton.

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RE: Gas Prices - 9/14/2005 8:22:45 PM

Ojedieu

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Woo! We're down to 2.78!

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