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$5 Gas by summer - 6/26/2012 7:59:23 AM

Hillwilliam

Posts: 19394
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Remember all the doom n gloomers predicting $5 gas by summer?

It's summer.

I paid $2.98/gallon yesterday.

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RE: $5 Gas by summer - 6/26/2012 8:16:05 AM

servantforuse

Posts: 6363
Joined: 3/8/2006
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It's all about supply and demand. Always has been, always will be..

(in reply to Hillwilliam)

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RE: $5 Gas by summer - 6/26/2012 8:25:09 AM

OttersSwim

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It's Obama's fault.

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RE: $5 Gas by summer - 6/26/2012 8:36:47 AM

MasterG2kTR

Posts: 6677
Joined: 8/7/2004
From: Wisconsin
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quote:

ORIGINAL: OttersSwim

It's Obama's fault.

Good!! Fault him some more maybe we'll see $2/gallon gas

(in reply to OttersSwim)

Post #: 4

RE: $5 Gas by summer - 6/26/2012 8:37:00 AM

subrob1967

Posts: 4591
Joined: 9/13/2004
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Bottom line is, the buck stops with the President... They either get the credit, or the blame, irregardless of the real reason.

This time Obama get's the credit... Good for him, he needs all the good news he can get, this has been a very rough month for him.

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Post #: 5

RE: $5 Gas by summer - 6/26/2012 8:37:47 AM

Owner59

Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
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Gobama!

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President Obama

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Post #: 6

RE: $5 Gas by summer - 6/26/2012 8:39:49 AM

Musicmystery

Posts: 30259
Joined: 3/14/2005
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quote:

ORIGINAL: subrob1967

Bottom line is, the buck stops with the President... They either get the credit, or the blame, irregardless of the real reason.

This time Obama get's the credit... Good for him, he needs all the good news he can get, this has been a very rough month for him.

Well, as of 2011, we are now a net petroleum exporter. First time since 1949!!!

That certainly helps, energy-wise and exports-wise.

(in reply to subrob1967)

Post #: 7

RE: $5 Gas by summer - 6/26/2012 8:42:07 AM

Hillwilliam

Posts: 19394
Joined: 8/27/2008
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quote:

ORIGINAL: servantforuse

It's all about supply and demand. Always has been, always will be..

Absolutely untrue as far as gas prices go.

They tried to claim that on these boards a couple of years ago and were kinda shocked where I was able to show that while gas prices had risen about a dollar/gallon, demand was actually lower.
Remember, our #1 EXPORT is refined petroleum products.

It'll keep going down because it's an election year and the oil companies have decided that they like Obama almost as much as they liked Dubya. He's a known quantity and his opponent is unpredictable.

_____________________________

Kinkier than a cheap garden hose.

Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

(in reply to servantforuse)

Post #: 8

RE: $5 Gas by summer - 6/26/2012 9:38:38 AM

subrob1967

Posts: 4591
Joined: 9/13/2004
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quote:

ORIGINAL: Hillwilliam

quote:

ORIGINAL: servantforuse

It's all about supply and demand. Always has been, always will be..

Absolutely untrue as far as gas prices go.

They tried to claim that on these boards a couple of years ago and were kinda shocked where I was able to show that while gas prices had risen about a dollar/gallon, demand was actually lower.
Remember, our #1 EXPORT is refined petroleum products.

It'll keep going down because it's an election year and the oil companies have decided that they like Obama almost as much as they liked Dubya. He's a known quantity and his opponent is unpredictable.

Nah, we'll see a rise in prices for the 4th, greed is greed after all. After that, it will probably drop until Iran says something stupid, or Labor day comes around.

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RE: $5 Gas by summer - 6/26/2012 9:50:33 AM

crazyml

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It's close to $10 / gallon in the UK.

That'll be proper gallons, mind you, not your puny American Gallon.

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Post #: 10

RE: $5 Gas by summer - 6/26/2012 9:54:31 AM

subrob1967

Posts: 4591
Joined: 9/13/2004
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quote:

ORIGINAL: crazyml

It's close to $10 / gallon in the UK.

That'll be proper gallons, mind you, not your puny American Gallon.

You damn Imperialists and your metric system

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Post #: 11

RE: $5 Gas by summer - 6/26/2012 11:35:52 AM

Hillwilliam

Posts: 19394
Joined: 8/27/2008
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quote:

ORIGINAL: subrob1967

Nah, we'll see a rise in prices for the 4th, greed is greed after all. After that, it will probably drop until Iran says something stupid, or Labor day comes around.

This man remembers history and learns from it.

_____________________________

Kinkier than a cheap garden hose.

Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

(in reply to subrob1967)

Post #: 12

RE: $5 Gas by summer - 6/26/2012 11:38:57 AM

Marc2b

Posts: 6660
Joined: 8/7/2006
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quote:

demand was actually lower.

Demand for gas or for all petroleum products (ie plastics)?

A decrease in one area could be offset by an increased demand in other areas.

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(in reply to Hillwilliam)

Post #: 13

RE: $5 Gas by summer - 6/26/2012 11:55:11 AM

Hillwilliam

Posts: 19394
Joined: 8/27/2008
Status: offline

quote:

ORIGINAL: Marc2b

quote:

demand was actually lower.

Demand for gas or for all petroleum products (ie plastics)?

A decrease in one area could be offset by an increased demand in other areas.

Oil in general.

_____________________________

Kinkier than a cheap garden hose.

Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

(in reply to Marc2b)

Post #: 14

RE: $5 Gas by summer - 6/26/2012 4:24:14 PM

kdsub

Posts: 12180
Joined: 8/16/2007
Status: offline

When the economy is going strong and we are making boat loads of money in the market gas is high... when the economy is poor and we are are making little or loosing in the market the gas is low.... I'd rather pay $5 a gallon so I can afford a new Lexus.

The rest of you can eat cake and shoe horn into your economy cars.

Butch

ps...Now where the hell is that satire font

< Message edited by kdsub -- 6/26/2012 4:25:54 PM >

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(in reply to Hillwilliam)

Post #: 15

RE: $5 Gas by summer - 6/26/2012 5:12:00 PM

Sanity

Posts: 22039
Joined: 6/14/2006
From: Nampa, Idaho USA
Status: offline

Demand is down because the economy is so shitty

Yay Obama

quote:

ORIGINAL: Hillwilliam

quote:

ORIGINAL: Marc2b

quote:

demand was actually lower.

Demand for gas or for all petroleum products (ie plastics)?

A decrease in one area could be offset by an increased demand in other areas.

Oil in general.

_____________________________

Inside Every Liberal Is A Totalitarian Screaming To Get Out

(in reply to Hillwilliam)

Post #: 16

RE: $5 Gas by summer - 6/26/2012 6:26:34 PM

LookieNoNookie

Posts: 12216
Joined: 8/9/2008
Status: offline

quote:

ORIGINAL: subrob1967

Bottom line is, the buck stops with the President... They either get the credit, or the blame, irregardless of the real reason.

This time Obama get's the credit... Good for him, he needs all the good news he can get, this has been a very rough month for him.

(Not an actual word).

(in reply to subrob1967)

Post #: 17

RE: $5 Gas by summer - 6/26/2012 6:44:39 PM

Raiikun

Posts: 2650
Status: offline

Actually it is. ;)

(in reply to LookieNoNookie)

Post #: 18

RE: $5 Gas by summer - 6/26/2012 6:54:42 PM

dcnovice

Posts: 37282
Joined: 8/2/2006
Status: offline

quote:

ORIGINAL: Raiikun

Actually it is. ;)

LOL! Delightful read; thanks, Railikun.

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it's never enough to keep up.

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INTELLIGENT LIFE IN THE UNIVERSE

(in reply to Raiikun)

Post #: 19

RE: $5 Gas by summer - 6/26/2012 7:27:40 PM

Musicmystery

Posts: 30259
Joined: 3/14/2005
Status: offline

quote:

Demand is down because the economy is so shitty

Demand globally is up and increasing.

Supply is up because since 2011, we are again an exporter of petroleum, for the first time since 1949.

(in reply to Sanity)

Post #: 20

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