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RE: WTF is Going On With Gas Prices? - 10/31/2008 9:42:45 AM   
Dnomyar


Posts: 7933
Joined: 6/27/2005
Status: offline 		At one time Canadian gas used to be lower than the U.S. gas. I used to cross the bridge once a week to go over to windsor. Even paying the bridge fare you saved a lot of money. Now Warning. If passing thru Canada fill up as much as you can in the U.S. first.

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RE: WTF is Going On With Gas Prices? - 11/1/2008 9:19:25 PM   
LeMis


Posts: 9255
Joined: 9/24/2005
From: Florida
Status: offline 		eeek

Friday morning the gas station was jam packed w/ all kinds of cars & trucks and pulled in every which way, it was a nightmare

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RE: WTF is Going On With Gas Prices? - 11/1/2008 9:27:22 PM   
slaveboyforyou


Posts: 3607
Joined: 1/6/2005
From: Arkansas, U.S.A.
Status: offline 		The cheapest I've seen it around here is $1.99.  It ranges from there to $2.10 right now.  I'm not complaining.  I can actually fill-up my little pickup for less than $30.00.  It's really convenient, since I'm driving to Florida this week.  Conspiracy or not, I hope it lasts for awhile. 

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RE: WTF is Going On With Gas Prices? - 11/1/2008 9:29:52 PM   
ThatDaveGuy69


Posts: 978
Joined: 6/22/2007
Status: offline 		That happened here about 10 days ago.  It's like everyone wanted to fill the tank before the price jumped again.  And the local SpeedWay stayed crowded like that all weekend long.  Very strange.

~Dave


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RE: WTF is Going On With Gas Prices? - 11/1/2008 9:33:45 PM   
AScentofDarkness


Posts: 21
Joined: 8/22/2008
Status: offline 		FR

Premium just went under $3.00 here. I am waiting until Monday to fill up. I am hoping it has something to do with the elections.... Though who is to say.


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RE: WTF is Going On With Gas Prices? - 11/1/2008 10:17:01 PM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		The world spot price of crude dropped to 75 bucks a barrel.

About half of what it was at it`s high just last year.

There`s tons of (world)supply and demand is being met.

I hope we don`t become complacent/Hummer-hungry again.....

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RE: WTF is Going On With Gas Prices? - 11/1/2008 10:21:04 PM   
TNstepsout


Posts: 1558
Joined: 8/3/2005
Status: offline 		It has been lowered quite a bit to try to increase demand. 

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RE: WTF is Going On With Gas Prices? - 11/1/2008 11:49:10 PM   
Lordandmaster


Posts: 10943
Joined: 6/22/2004
Status: offline 		Very good stuff, DaveGuy.

quote:

ORIGINAL: ThatDaveGuy69

What really gets me is that if oil prices go up $10/barrel today, gas will go up by at least a nickel tomorrow - even though that higher-priced oil isn't even on a ship yet.  But when oil prices began to drop, gas prices stayed high for a couple of weeks.  Now THAT seems suspicious.  Not to mention the insanely huge profits being reported by the oil companies.  If it truly costs them more to buy the oil - and all the other costs involved in refining remain pretty much the same - how is it possible for the profit margin to go through the roof?  So if a barrel of oil goes from $90 to $100, that's roughly a 10% increase in price.  So shouldn't the increase in the price of gas be 10%?  Say from $2.35 to $2.58?  Instead, Gas prices exceed $4.  Isn't that price gouging?  I realize we have a completely ineffectual Congress as far as questioning the oil execs, but couldn't some enterprising young States Attorney somewhere make a criminal case out of this?

Just be careful not to blame the gas station - no matter the price they only make a few pennies per gallon.  They make more money selling a Pepsi than they do selling a gallon of gas.  Which is pretty much why you don't see a gas station that only sells gas...

One last point: I was glad to hear McCain finally out Ethanol for the myth that it is.  Ethanol delivers about 25% less energy than the same amount of gasoline.  So you have to burn about 25% more Ethanol to do the same work/travel as far.  The only reason it costs the same is because of huge govrnment subsidies.  We have ADM, Cargill, etc. to thank for that.  And let's not forget that if you divert some percentage of corn into Ethanol, the price of nearly every food product goes up - supply & demand at work again.  Corn, or more precisely corn syrup, is in something like 80% of all foods found in your grocery store.  Again, we can thank the huge agri-business giants for stamping out the use of sugar and replacing it with HFCS.  It's amazing how intertwined everything is...

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RE: WTF is Going On With Gas Prices? - 11/2/2008 12:00:49 AM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		If any of these monkeys in suits think I am going to vote republican because gasoline prices dropped, they are sadly mistaken. I do not care if it is a hundred bucks a gallon, I will not help them at all. Just returning the favor.

T

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RE: WTF is Going On With Gas Prices? - 11/2/2008 3:49:46 AM   
candystripper


Posts: 3486
Joined: 11/1/2005
Status: offline 		Well, not to hijack the thread, but I'v been curious for some time about why we still have internal combustion engines in our cars.  This is technology dating back to the late 1700's, for Gawd's sake.  Aren't there trains which float on rails using magnetic force?  How come our cars cannot float about the roadways the same way, and eliminate the need for 'fuel' altogether?
 
It just seems rather suspicious that we're still married to technology in cars which is so old.
 
candystripper 

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RE: WTF is Going On With Gas Prices? - 11/2/2008 11:00:10 AM   
HunterS


Posts: 553
Joined: 10/21/2008
Status: offline
quote:


As has been pointed out...we should take advantage of this "breather" in the price of crude to "drill baby drill" for oil and natural gas...build new refineries, develop the billions of tons of coal that the U.S. possesses, loosen the radical environmental control on our energy policy, and work towards energy independence, to include nuclear, solar, and wind.  We saw the future recently...and got lucky with the decline in prices...we should start now to insure that the future of our country is not to be in bondage to the Middle East.


A more uninformed post I have seldom seen on these boards.
We currently have an excess refinery capacity.
Drilling in the places that the oil companies want to drill in has been proven over and over again to represent a tiny fraction of what we need in exchange for a ecological disaster.
The U.S. does not posses billions of tons of coal.  That coal is owned by private corporations and the energy derived from it will cost exactly what the oil it replaces costs.
Until a way is found to safely store for melinia the waste from nuclear power there is no sense in creating more of it.
We are not in bondage to the middle east we are in bondage to the asswipes who are ripping our country off.

H.

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RE: WTF is Going On With Gas Prices? - 11/2/2008 11:02:36 AM   
RainydayNE


Posts: 978
Joined: 10/21/2008
Status: offline
quote:

ORIGINAL: Termyn8or

It's not a conspiracy at all, just a natural cycle in our economy. It happaens ever four years like clockwork. People have nothing to do with it, the election has nothing to do with it, it's just the oil wells seem to produce better in the months preceeding November every fourth year. Kind of like a geyser. Like Old Faithful.

Pay no attention to that guy getting on a preivate jet to Dubai. He is just a small businessman minding his own business.

So very glad to clear this up for everyone. Now you can sleep better knowing that these rich folk are strictly looking out for our best interest. They would never succumb to greed or try to influence our choices at a time like this. They are pure as the driven snow.

I'm off to Arizona to enjoy the beach, anyone want to go ?

T


hahaha :D nice

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RE: WTF is Going On With Gas Prices? - 11/2/2008 11:03:49 AM   
MzMia


Posts: 5333
Joined: 7/30/2004
Status: offline 		Hell, who knows what is going on with gas prices!
I am thinking they will shoot back up in a few weeks, or so.
Hell, gas is one of the few things that is half way affordable right now.

I say enjoy it while you can!
I paid $2.50 a gallon yesterday {Maryland suburb, 15 minutes from D.C.}

< Message edited by MzMia -- 11/2/2008 11:05:54 AM >

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RE: WTF is Going On With Gas Prices? - 11/2/2008 11:18:33 AM   
ThatDaveGuy69


Posts: 978
Joined: 6/22/2007
Status: offline 		I think it's sad that we are rejoicing gas being "only" $2.50/gallon.  Folks, we're being conned - again.  We had to suck it up when gas was at $4 and suddenly everyone wants to go "green".  Great idea if we can still remember that a month or 2 from now.  $2.50 is nice but the price will go up - it always does.  I'm actually a bit surprised that gas is under $3 - I kind of expected it to stay there and we would still be happy that it wasn't $4.  I see it as a sort of conditioning to get us to accept higher and higher prices.

I've noticed a similar trend in candy over the years.  Every couple of years, your typical Milky Way bar will get slightly larger with no increase in price.  Then, a month or 2 later there is a large jump in the price.  But we don't really notice because the candy bar is still slightly larger than it was before.  But what I don't understand is, at the other end on the size scale, how can the "fun size" candy we all buy for Halloween keep gtting smaller every year?

Seems like there's some sort of link between gas pricing and candy bar size.  But that's probably just me.  I haven't really slept in 4 days and it's probably catching up with me :(

~Dave



_____________________________

He said I'd blown a seal. I said fix the damn thing and leave my private life out of this!
What happens in the event horizon STAYS in the Event Horizon!
I have zero tolerance for Zero Tolerance

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RE: WTF is Going On With Gas Prices? - 11/2/2008 12:16:10 PM   
NeedToUseYou


Posts: 2297
Joined: 12/24/2005
From: None of your business
Status: offline 		It has nothing to do with politics,and everything to do with wallstreet. The dollar is temporarily gaining strenght, because of the unwinding of investments, causing there to be a temporary greater demand for dollars, becuase it is the default currency.  It won't last, I'm not an expert, but the experts I've seen, none of them expect the dollar strength to last long. So, that will cause it to tick up or counterbalance further falling, also OPEC will cut at some point and cause the prices to rise. Also the speculative bubble collapsed because the underlying demand is being perceived to have collapsed. As in the economic downturn has caused less demand for oil, and the system has not adjusted to that demand level yet.

The only way it stays down, is if a worldwide depression settles in, you'll be enjoying cheap gas, but the cost will be unpallatable. Under a recovery scenario it should race back up.

Essentially the price of gas is specualtion on future demand(little if one perceives a global recession, or depression), and reduced consumption.

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RE: WTF is Going On With Gas Prices? - 11/2/2008 12:57:46 PM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline 		One thing we know is that when gas went above $3.00 things started slowing down.
When it hit $3.50 things really started slowing down!
When it hit $4.00 a gallon things *stopped!*
Between May and Sept consumption dropped by 11 %.
This economy simply can't function on $3.50 (current) per gal. gas prices.
And, we now know that *speculators* in the markets drove the price up until consumption simply fell off a cliff.
Had it gone to $4.50 a gallon (Nationwide) consumption would have been down more than 20%!
The $5 head of lettuce or $5 a gallon gas simply can't last due to the market and the fact that people's salaries are going down, not up.

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RE: WTF is Going On With Gas Prices? - 11/2/2008 1:07:43 PM   
JustDarkness


Posts: 1461
Joined: 7/25/2008
Status: offline 		1.35 euro per liter overhere
(1 gallon is 3.7 liters)
so we pay  3.7*1.35 per gallon = 5 euro /gallon = 6.42 dollar/gallon

so...be happy :P

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RE: WTF is Going On With Gas Prices? - 11/2/2008 3:47:10 PM   
Irishknight


Posts: 2016
Joined: 9/30/2007
Status: offline 		Perhaps they were realizing that they were not going to have any more "record profits" if they drove away the market.  Every week, people bought less and less gas.  At reasonable prices, they can expect people to start venturing out a bit more.  Then they will start the whole cycle all over.

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Profile   Post #: 38
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