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RE: Gas prices dropping a little? - 7/29/2008 4:17:16 PM

thornhappy

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3.4ish at the Kroger stores in NW and SW OH.

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RE: Gas prices dropping a little? - 7/29/2008 4:26:31 PM

impishlilhellcat

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$3.45 in OK

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RE: Gas prices dropping a little? - 7/29/2008 4:26:38 PM

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Just saw $3.57 on the local news.

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RE: Gas prices dropping a little? - 7/29/2008 4:33:02 PM

DesertRat

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I just filled up with premium for 3.96/gallon. Time to start thinking about that Hummer!

Bob

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RE: Gas prices dropping a little? - 7/29/2008 4:48:45 PM

Thadius

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Here is a little something that was talked about on one of the news shows I watching today... It is a tool to find out the best gas prices in your local area, or even to look around the country, it is updated regularly.

http://www.gasbuddy.com/

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RE: Gas prices dropping a little? - 7/29/2008 4:49:05 PM

kittinSol

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quote:

ORIGINAL: DesertRat

I just filled up with premium for 3.96/gallon. Time to start thinking about that Hummer!

Bob

Right. I'm not used to filling up a car petrol tank (for a car), but I've started doing it (being more into filling up my own, and well, I have to fit in and integrate, don't I, fnar fnar), but here it's $3.8759 at the cheapest pump. Sounds expensive... but I remember the price of petrol in England and France (roughtly, over $8 a gallon, peeps!), and think that really, we don't have it all that bad.

It just means we'll have to change our gas-guzzling 'let's-drive-everywhere-even-if-it's-to-change-parking-spaces-at-the-mall-in-order-to-save-us-from walking-fifty-metres mentality'.

In the end... it's great that the prices are dropping, because I realise how painful it is for everybody (including me), because of the urban setup and lack of public transportation and other serious lack in urban structure in America today... but something's gotta give, and this is what it is. Petrol doesn't come in infinite supplies, and there are ways to bypass it and even, perhaps, get a healthier lifestyle (not just for us as individuals either).

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RE: Gas prices dropping a little? - 7/29/2008 4:54:23 PM

BoiJen

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The gas drop is not due to Bush or Obama or McCain or even the let up on the off shore drilling. It costs more for them to drill here than it does for them to refine someone else's oil. There have been off shore oil drilling leases that have not been used at all for years...suddenly opening up the shorelines doesn't change a damned thing. Obama is NOT the projected winner...there is no pojected winner yet. More and more democrats are seeing McCain as a middle of the road with at least some direction kinda guy. Obama can't shut up long enough to sound smart...he talks himself into a "we now know you're complete bullshit" situation. Under Bush's admin. we've seen yet another record...the largest deficet. It's not about the politicos doing anything...they don't control the market.

The drop is due to the fact that Big Oil is pulling out a speculator or two here and there BECAUSE the American ecomony is not strong enough to support primary fuels costing more than 3.50USD/gallon. And they're realizing it. The way the capitalist takes advantage of supply and demand without killing themselves is to find the highest price for the most consumption that a demand group can handle. When Big Oil's LARGEST consumer suddenly can't handle paying their price, Big Oil is fucked. The solution: lower the price.

Now, if you wanted to see gas prices drop by 5 and ten cents a day...get a few Congressmen and women whispering words like "government enforced gas rationing"...Big Oil would shit themselves and drop the prices to something more reasonable.

And before anyone starts babbling about "we're running out!"...we only drill about a 1/3 of what's available because of the lack of technology advancement for drilling. There's still plenty left. Watch the discovery channel once in a while...then watch the history channel and find out the projections of what would happen if we did run out.

boiJen
who about peed when gas hit 3.63 the other day...which is sad too

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RE: Gas prices dropping a little? - 7/29/2008 5:58:05 PM

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quote:

ORIGINAL: DesertRat

I just filled up with premium for 3.96/gallon. Time to start thinking about that Hummer!

Bob

Hey there Bob. The only hummer I think about are the ones sultry vixens might provide

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RE: Gas prices dropping a little? - 7/29/2008 6:04:00 PM

proudsub

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quote:

ORIGINAL: popeye1250

Great article in Yahoo News today about, "rapidly decreasing demand!"
Down another $3 per BBL today!
I've been telling you all along, it's those bastard speculators!

I hope all those speculators that drove the price up so much are now losing their shirts.

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RE: Gas prices dropping a little? - 7/29/2008 6:13:45 PM

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RE: Gas prices dropping a little? - 8/22/2008 3:55:53 PM

popeye1250

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quote:

ORIGINAL: BoiJen

The gas drop is not due to Bush or Obama or McCain or even the let up on the off shore drilling. It costs more for them to drill here than it does for them to refine someone else's oil. There have been off shore oil drilling leases that have not been used at all for years...suddenly opening up the shorelines doesn't change a damned thing. Obama is NOT the projected winner...there is no pojected winner yet. More and more democrats are seeing McCain as a middle of the road with at least some direction kinda guy. Obama can't shut up long enough to sound smart...he talks himself into a "we now know you're complete bullshit" situation. Under Bush's admin. we've seen yet another record...the largest deficet. It's not about the politicos doing anything...they don't control the market.

The drop is due to the fact that Big Oil is pulling out a speculator or two here and there BECAUSE the American ecomony is not strong enough to support primary fuels costing more than 3.50USD/gallon. And they're realizing it. The way the capitalist takes advantage of supply and demand without killing themselves is to find the highest price for the most consumption that a demand group can handle. When Big Oil's LARGEST consumer suddenly can't handle paying their price, Big Oil is fucked. The solution: lower the price.

Now, if you wanted to see gas prices drop by 5 and ten cents a day...get a few Congressmen and women whispering words like "government enforced gas rationing"...Big Oil would shit themselves and drop the prices to something more reasonable.

And before anyone starts babbling about "we're running out!"...we only drill about a 1/3 of what's available because of the lack of technology advancement for drilling. There's still plenty left. Watch the discovery channel once in a while...then watch the history channel and find out the projections of what would happen if we did run out.

boiJen
who about peed when gas hit 3.63 the other day...which is sad too

BoiJen, good post!
I just looked on "GasBuddy.com" and the price here at Costco is now down to $3.41 today.

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RE: Gas prices dropping a little? - 8/22/2008 4:00:15 PM

Thadius

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The evil bastards went from 3.67 yesterday back up to 3.89 today, because of that little blip in oil prices yesterday, and probably because of the weekend starting. I wouldn't be surprised if it stays there until after Labor day, even with oil coming down again today.

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RE: Gas prices dropping a little? - 8/22/2008 4:37:30 PM

corsetgirl

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Gas was $3.58 in my area. I thought lowering gas prices would also make fresh produce more affordable to consumers but I was wrong because a package of summer squash was $3.22!

< Message edited by corsetgirl -- 8/22/2008 4:41:45 PM >

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RE: Gas prices dropping a little? - 8/22/2008 7:34:00 PM

Honsoku

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~FR~

The rise and fall in gas prices is driven by several things. First and foremost, those prices are driven by oil futures. Oil prices have been on the rise for a variety of reasons, from a commodities boom to a large increase in global demand and a weakening dollar. Hedge funds starting getting in on the action by going long in oil and shorting financial stocks. So when the financial industry showed to not have completely collapsed during this last quarterly earnings season and the oil reserves went up (because *gasp* demand went down!), all of the leveraged people bailed which lead to a massive price drop and probably the eventual bursting of the commodities bubble. It will probably continue to slide for a while (overall) as world wide growth is expected to be low. In a sense, you can thank the mortgage market meltdown for a large part of the spike and turnaround in gas prices. Barring something impressive, $1 gasoline will not be back.

This is a truncated explanation and has glossed over things like Middle East issues, exchange rates, Hurricane season, etc.

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RE: Gas prices dropping a little? - 8/22/2008 8:00:23 PM

GreedyTop

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3.55 - 3.59 around here.

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RE: Gas prices dropping a little? - 8/22/2008 8:01:48 PM

KyttynTheMynx

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3.49 for Premium here! 60 cents lower than what I paid this time last week or week before last. (cant remember when I last filled up!)

< Message edited by KyttynTheMynx -- 8/22/2008 8:02:12 PM >

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RE: Gas prices dropping a little? - 8/22/2008 8:26:25 PM

snappykappy

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

watch this video and it does make sense
up in alaska on prudhomme bay has more oil thatn iraq iran and saudia arabia
think about it

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RE: Gas prices dropping a little? - 8/22/2008 9:16:23 PM

Alumbrado

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Nothing to think about...none of the price gouging has ever had anything to do with oil fields or SUVs...or hurricanes, beached baby whales, or Olympic wrestling....as I've said all along, when people stop buying at those prices, they will drop.

quote:

Falling demand for petroleum-based fuels in the United States has been the main force behind oil's fall from a record high of $147.27 in mid-July.
Demand for gasoline last week was about 9.5 million barrels a day, or 1.6% lower than it was last year, according to an Energy Department inventory report released Wednesday.

http://money.cnn.com/2008/08/22/markets/oil/index.htm?section=money_latest

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RE: Gas prices dropping a little? - 8/22/2008 11:19:17 PM

Honsoku

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quote:

ORIGINAL: Alumbrado

Nothing to think about...none of the price gouging has ever had anything to do with oil fields or SUVs...or hurricanes, beached baby whales, or Olympic wrestling....as I've said all along, when people stop buying at those prices, they will drop.

quote:

Falling demand for petroleum-based fuels in the United States has been the main force behind oil's fall from a record high of $147.27 in mid-July.
Demand for gasoline last week was about 9.5 million barrels a day, or 1.6% lower than it was last year, according to an Energy Department inventory report released Wednesday.

http://money.cnn.com/2008/08/22/markets/oil/index.htm?section=money_latest

That is a gross oversimplification and not entirely true (not to mention that the quote is out of context). The drop in U.S. demand helped, but it wasn't the primary driver. I have been watching oil's twists and turns, and the fall has more to do with the rebound in the financial sector and the resulting strengthening of the dollar than drops in current demand.

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RE: Gas prices dropping a little? - 8/23/2008 2:55:32 AM

Alumbrado

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The excuses that were given for the rise in gas prices...fear of a falling dollar, fear of a rising dollar, concerns over dwindling supply, concerns over a glut, a hurricane that never existed, et al. have fooled you, but the fact is that once people quit buying at $4.89 a gallon, prices dropped... that isn't an over simplification, or untrue, or out of context, that is basic business.

Don't believe the hype.

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