Super User gardnerjigman Posted December 10, 2014 Super User Posted December 10, 2014 2.36 in bonner springs kansas today Quote
Super User SirSnookalot Posted December 10, 2014 Super User Posted December 10, 2014 As of 2:56 the Dow is down 268 points, yesterday around 50 and the day before about 100, gimme high oil prices any time. Quote
Super User J Francho Posted December 10, 2014 Super User Posted December 10, 2014 Just upped my 401k contribution, lol. Quote
Super User Fishing Rhino Posted December 10, 2014 Super User Posted December 10, 2014 At least the price of gasoline rises and falls with variations in the price of crude. It never goes down with fiberglass materials and resins. It only goes up. When the price of crude goes up, I get notices from my vendor that due to the increases in the cost of crude oil, it is necessary to pass along that increase to their customers. I have never gotten a notice of a price decrease. If the price does drop to fifty dollars per barrel, I still will not get a notice of a price decrease. As soon as the price of crude rises, I'll begin receiving those notices of price increases. I doesn't matter that those prices they are now raising were based on crude at a hundred dollars per barrel. If the price goes from fifty to sixty dollars per barrel, they will take advantage of the increase to increase their prices. A five gallon pail of black or white gel coat which cost around 65 dollars in 1996, is just north of 200 dollars today. It's a pricing ratchet that only works to increase the prices, but never the other way around. Quote
Super User roadwarrior Posted December 10, 2014 Author Super User Posted December 10, 2014 As of 2:56 the Dow is down 268 points, yesterday around 50 and the day before about 100, gimme high oil prices any time. C'mon... You have plenty of business savy. Do you think putting 100-200 bucks back into a family budget each month might be a net positive for the overall economy? 3 Quote
Super User *Hootie Posted December 10, 2014 Super User Posted December 10, 2014 C'mon... You have plenty of business savy. Do you think putting 100-200 bucks back into a family budget each month might be a net positive for the overall economy? Absolutely, absolutely. Hootie Quote
Super User clayton86 Posted December 10, 2014 Super User Posted December 10, 2014 At least the price of gasoline rises and falls with variations in the price of crude. It never goes down with fiberglass materials and resins. It only goes up. When the price of crude goes up, I get notices from my vendor that due to the increases in the cost of crude oil, it is necessary to pass along that increase to their customers. I have never gotten a notice of a price decrease. If the price does drop to fifty dollars per barrel, I still will not get a notice of a price decrease. As soon as the price of crude rises, I'll begin receiving those notices of price increases. I doesn't matter that those prices they are now raising were based on crude at a hundred dollars per barrel. If the price goes from fifty to sixty dollars per barrel, they will take advantage of the increase to increase their prices. A five gallon pail of black or white gel coat which cost around 65 dollars in 1996, is just north of 200 dollars today. It's a pricing ratchet that only works to increase the prices, but never the other way around. Were having a hell of a time with gel coat and resin my 7241 resin is on back order till the 17th. My medium blue gel coat was on back order for almost a month. I ran out of chop during the buffalo storm as well as it being on back order. We constantly have issues with getting resin or gel coat let alone the cost of the crap. Quote
Global Moderator Bluebasser86 Posted December 11, 2014 Global Moderator Posted December 11, 2014 C'mon... You have plenty of business savy. Do you think putting 100-200 bucks back into a family budget each month might be a net positive for the overall economy? All of the sudden I've found money to do more Christmas shopping than I thought I would, lots of other people out shopping last night on a Wednesday night too. I filled my truck and my wife's car up for about what it used to cost to fill my truck this week. There's no way that the low prices aren't getting people out spending money that would have otherwise been going into their gas tanks. Quote
Super User SirSnookalot Posted December 11, 2014 Super User Posted December 11, 2014 C'mon... You have plenty of business savy. Do you think putting 100-200 bucks back into a family budget each month might be a net positive for the overall economy? Short term I agree. I do fear oil becoming too cheap that could have an impact on drilling, cause possible layoffs or even some companies going under due to lack of profitability. With oil dropping as fast as has been that has me thinking past the present euphoria. I'm wondering with the drop in fuel will the airlines start shipping bags for free again, doubt it. As you well know money often acts like pendulum, swinging from one sector to another. On the bright side the economy is in fairly good shape, unemployment down, private sector jobs being added steadily being, many companies showing very good profits. Overall the outlook is good, in all fairness the drop in the markets is not all due to energy, much of it has to to with year end institutional tax loss selling. Being retired and living off my investments when I see a several percentage loss, I get neurotic. Getting back to oil, my gut feeling is in time reducing the supply will create demand that will bring us right back to near $4.00 a gallon. Sales of hybids are down, less talk of alternate energy, which keeps OPEC and the fossil fuel companies in business. I once knew a professional pool shark, multi millionaire, his famous words were "you have to lose to win", in other words knowing how to reel your fish in. IMO exactly what is going on now, oil companies are letting us win, only to reel us fish in later. Long live the internal combustion gas guzzler.............lol. Quote
Super User roadwarrior Posted December 11, 2014 Author Super User Posted December 11, 2014 WTI $59.65 $2.02 is the price leader around here, but the majority are still trying to hold +/- $2.20 http://www.memphisgasprices.com/ Quote
Super User buzzed bait Posted December 11, 2014 Super User Posted December 11, 2014 when oil is our #1 import, yet our #3 export it's all just a big game of musical chairs.... the average consumer being the one left without a chair in the end. though i do agree it's nice to see a lower price at the pump right now as that does put money back into the hands of workers. The "trickle down effect" does not work as is more than obvious, but lower costs of goods does allow for a greater retention of one's "wealth".... 1 Quote
Super User clayton86 Posted December 12, 2014 Super User Posted December 12, 2014 Just filled up for $57.50 to get my truck off E gas was $2.99 cheapest I've seen in town yet. Quote
Super User HoosierHawgs Posted December 12, 2014 Super User Posted December 12, 2014 It's about 2.35 in Indy if you use your Ricker's card to get the 7 cent discount. That's not too bad... But when I was born it was .89 a gallon! Quote
Super User SirSnookalot Posted December 12, 2014 Super User Posted December 12, 2014 It's about 2.35 in Indy if you use your Ricker's card to get the 7 cent discount. That's not too bad... But when I was born it was .89 a gallon! I got my license in 1961, gas was 12.9 and 14.9 for premium, there was a gas war in Detroit. The average income was a little more than $5000 a year, cars cost less than $3000. Quote
Super User roadwarrior Posted December 12, 2014 Author Super User Posted December 12, 2014 WTI $58.07 Quote
Super User ww2farmer Posted December 12, 2014 Super User Posted December 12, 2014 I saw $2.99 here in WNY twice this week. Yesterday in Henrietta at the Mobil station across from Target/Lowes, and the Crosby Mini-mart on Rt. 39 in Sardinia Weds. afternoon. It was still in the low 3's here in Warsaw yesterday when I was out and about and looked, maybe it went down in the afternoon, but I forgot to pay attention. Quote
bighed Posted December 12, 2014 Posted December 12, 2014 Diesel is running 3.11 around my area today. I'm enjoying the low price but see the downside to it as well. Our many oilfield companys are being squeezed (jobs), and royalty checks (mine) are coming in weak as well. My best guess is that it is a self correcting situation given a little time. Oversupply and low prices increase consumption which lead to tighter supplies and higher prices. I would prefer that North American oil not be over produced as it seems a world power that relys completely on others for energy is not really a world power. Looking forward to jumping into some energy stocks, just not yet. JMHO Quote
Super User *Hootie Posted December 12, 2014 Super User Posted December 12, 2014 Down to $2.41 here in Cincinnati. Hootie Quote
Super User roadwarrior Posted December 12, 2014 Author Super User Posted December 12, 2014 WTI broke through $58. Currently $57.49 1 Quote
Super User F14A-B Posted December 13, 2014 Super User Posted December 13, 2014 Out in " Children of the Corn land " it's about 2.69 In the Louisville area, I filled @ 2.32.. I love it... Quote
Super User slonezp Posted December 13, 2014 Super User Posted December 13, 2014 Time to bury a couple of 10,000gal tanks under the garage. I'll fill them now and when gas is $5 a gal, I'll sell it at $4.50 and make a killing. Quote
Super User deaknh03 Posted December 13, 2014 Super User Posted December 13, 2014 Time to bury a couple of 10,000gal tanks under the garage. I'll fill them now and when gas is $5 a gal, I'll sell it at $4.50 and make a killing. Sounds like a great idea Raider. Quote
bighed Posted December 13, 2014 Posted December 13, 2014 What a difference 12 hrs makes. Diesel 3.05, unleaded 2.08 in Wylie, TX Quote
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