FordNFishinLover Posted October 17, 2008 Posted October 17, 2008 Well yall it was 2.65 here the other day, and now its 2.98.... please explain!! Quote
Super User 5bass Posted October 17, 2008 Super User Posted October 17, 2008 Well yall it was 2.65 here the other day, and now its 2.98.... please explain!! My guess would be that a light bulb went out at a refinery somewhere and they had to shut down for a week to change it, thus creating a false gas shortage to further gouge the American public. And you know the old saying...."All good things must come to an end". Quote
Super User Hookemdown. Posted October 17, 2008 Super User Posted October 17, 2008 Does anyone know when OPEC is going to reduce the supply? :-[ Quote
mase088 Posted October 17, 2008 Posted October 17, 2008 Its still 2.97 here in Auburn. I'm going home today and normally on the way I spy some pretty cheap gas. I'll report my findings later. Quote
Super User roadwarrior Posted October 17, 2008 Author Super User Posted October 17, 2008 Lowest price in the Memphis area is Gibson BP on Riverside: $2.57 However, with a Schnucks gas card and maximum discount, $2.19 8-) Quote
riverfisher Posted October 17, 2008 Posted October 17, 2008 I saw $2.86 up here in NY on my way to work this mornin I better go fill up the boat!! Quote
mase088 Posted October 20, 2008 Posted October 20, 2008 It was $2.67 back home in GA. Didn't see it anywhere cheaper. Quote
Siebert Outdoors Posted October 20, 2008 Posted October 20, 2008 I saw a 2.34 in KC over the weekend. Quote
basser89 Posted October 20, 2008 Posted October 20, 2008 Still holding around $2.79 around here in MD but I paid $2.45 over the weekend up in PA. Quote
Super User SPEEDBEAD. Posted October 20, 2008 Super User Posted October 20, 2008 Still holding around $2.79 around here in MD but I paid $2.45 over the weekend up in PA. Brother's place? Still around 2.75 in my area right now. I heard 2.30 something around Carlisle/Mechanicsburg... Quote
Super User roadwarrior Posted October 20, 2008 Author Super User Posted October 20, 2008 We're still paying for "oil in the pipeline". Funny how prices go up immediately, but are slow to reprice down... > Quote
basser89 Posted October 20, 2008 Posted October 20, 2008 Still holding around $2.79 around here in MD but I paid $2.45 over the weekend up in PA. Brother's place? Still around 2.75 in my area right now. I heard 2.30 something around Carlisle/Mechanicsburg... Technically, my parents but yes, up in Juniata county. Quote
Siebert Outdoors Posted October 20, 2008 Posted October 20, 2008 We're still paying for "oil in the pipeline". Funny how prices go up immediately, but are slow to reprice down... > I have yet to figure that one out. I like the post on changing the light bulb in the refinery. Sad but it makes sense. ;D Quote
yankthatsucker Posted October 20, 2008 Posted October 20, 2008 went down to 2.89 at the gas station by my house...couldnt believe it I took a picture Quote
Super User flechero Posted October 20, 2008 Super User Posted October 20, 2008 Ours dropped again to $2.45 but it's $2.41 just up the highway a little. Quote
Super User roadwarrior Posted October 21, 2008 Author Super User Posted October 21, 2008 Gasoline prices at the retail level will continue to fall with oil trading around $70. The oil glut is putting pressure on prices. This entire period of excessive cost is difficult to explain, but it has never been about supply and demand. The huge worldwide inventories of oil available for immediate deliver has caused OPEC to call an emergency meeting in a few days. Their attempt to keep prices high can only be achieved by reducing production. Although we continue to trade in the $60-$80 range I suggested several months ago, the lows will probably be tested over the next few months. OPEC's concern is breaking below $50 a barrel and I hope we get there! $71.57 currently 8-) Quote
Super User SPEEDBEAD. Posted October 21, 2008 Super User Posted October 21, 2008 Gasoline prices at the retail level will continue to fall with oil trading around $70. The oil glut is putting pressure on prices. This entire period of excessive cost is difficult to explain, but it has never been about supply and demand. The huge worldwide inventories of oil available for immediate deliver has caused OPEC to call an emergency meeting in a few days. Their attempt to keep prices high can only be achieved by reducing production. Although we continue to trade in the $60-$80 range I suggested several months ago, the lows will probably be tested over the next few months. OPEC's concern is breaking below $50 a barrel and I hope we get there! $71.57 currently 8-) LOL, Yeah Kent. You, me and about 100 million others Quote
Super User roadwarrior Posted October 21, 2008 Author Super User Posted October 21, 2008 Oil is currently $69.91 ;D ;D ;D ;D ;D ;D Quote
Super User roadwarrior Posted October 21, 2008 Author Super User Posted October 21, 2008 It's easy to hate these guys: http://www.foxnews.com/story/0,2933,442343,00.html Why we haven't addressed this issue thirty years after the Arab Oil Embargo in the '70's is a mystery to me. C'mon boys! Get off your butt and solve our energy crisis. We have the means, we need the will! > Quote
llPa1nll Posted October 21, 2008 Posted October 21, 2008 It's easy to hate these guys: http://www.foxnews.com/story/0,2933,442343,00.html Why we haven't addressed this issue thirty years after the Arab Oil Embargo in the '70's is a mystery to me. C'mon boys! Get off your butt and solve our energy crisis. We have the means, we need the will! > I agree with you RW. We need some new energy ideas and get this country off of its addiction to foreign oil. The problem how I see it is this. There are far too many important people in this country poised too make far too much money, period end of story. Quote
Super User SPEEDBEAD. Posted October 21, 2008 Super User Posted October 21, 2008 It's easy to hate these guys: http://www.foxnews.com/story/0,2933,442343,00.html Why we haven't addressed this issue thirty years after the Arab Oil Embargo in the '70's is a mystery to me. C'mon boys! Get off your butt and solve our energy crisis. We have the means, we need the will! > I agree with you RW. We need some new energy ideas and get this country off of its addiction to foreign oil. The problem how I see it is this. There are far too many important people in this country poised too make far too much money, period end of story. The trials and tribulations of capitalism.... I dont like paying high amounts for gas, but it really stings when your own system is being used against you. :-/ Quote
Super User roadwarrior Posted October 21, 2008 Author Super User Posted October 21, 2008 From page 2 on this thread: Two wars, one standoff with Iran, and turmoil in Israel. When is the Middle East ever really been at Peace? Not in the last 2000 years at least. when will the middle east be at peace Not for 2000 more years They have never had peace. Never will either. Wrong... The same thing was said about the Japanese during WWII. The Germans have always been associated with war and aggression. A few hundred years ago the same was said about the Spanish and for a thousand years the Vikings were nothing but ruthless savages. Democracy, independence and freedom can carry the day. American is a beacon of light for all of humanity. Iraq is a symbol of hope for the entire world. I believe that peace in the Middle East is achievable. "A journey of a thousand miles starts with the first step." Back on topic, Oil is nothing but a commodity. Prices will fluctuate, but there is nothing "intrinctly valuable" about oil. There is a glut of oil in tansit and the pricing is contrived. The commodity is not scarce, delivery to end users is the problem. In a broader context, the universe is unimaginably large. The only thing greater than the volume of mass is the amount of energy in the system. If we mere mortals can find a way to harness a small portion of that energy, life becomes simple. There is not now, and will never be a shortage of "energy". 8-) Quote
Super User roadwarrior Posted October 21, 2008 Author Super User Posted October 21, 2008 And from another page: Geez... I didn't know Paris Hilton was a Rocket Scientist... "Drill for oil to meet our short-term needs while developing alternative energy sources for the long-term." I am so sick and tired of "DO-NOTHING" politicians. We have plenty of resources, it's time to focus our national priorities and use them. Virtually unlimited shale oil reserves in the Rocky Mountain States; more coal than all of the rest of the world's total energy potential; untapped oil on the continental shelf and Alaska; and the end-all...nuclear power. Let's require these slugs that took a five week "summer break" to actually do something to address the issue. The energy challenge requires a concentrated effort to resolve: FIX IT NOW! We have the resources, let's use them. Quote
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