Hooray for the consumers, by not using as much gas, the price has come down!!! At least for the time being. $2.65 in our area.:)
Richard
Printable View
Hooray for the consumers, by not using as much gas, the price has come down!!! At least for the time being. $2.65 in our area.:)
Richard
Still over $3 here in Tennessee!
Lowest I've seen here is $ 3.09, and I can live with that. It had been $ 4.20 just a couple of months ago. :eek: Funny how $ 3 now seems CHEAP. :rolleyes:
Don
$2.99 this weekend in York PA. Hope it continues downward for a while. I need cheap gas to get to the Turkey Run next month.:LOL: :LOL:
2.97 here in the middle of Texas
$2.69 here in Va.
$2.68 in Jamestown, Tn
Pat
It would be nice to see it stabilize a little under $3.00 it would make it easier to take. The up and down not knowing from one day to the next what you are going to be paying makes it hard to manage the bills.
Richard
I want to see below $2, and the economy might turn around!
I just filled the truck at $2.43.
$2.65 in NW Ia. My wife's work car is no longer paying for itself. That's good, right?
When the barrel was $81 before all this we were paying 2.69 here and we are still at 3.24 there ripping us .
$3.24 In California
$2.68 in Cleburne, Tx and $2.25 in Corpus Christy, Tx. The name brand stations (Texaco, Chevron and Exxon) that rely on credit card sales are still near the $3.00 mark. However, when I was in Corpus last week, a Texaco station had unleaded for $2.25/gal.
Cheapest here is 3.23, but the jerk around the corner just dropped his 3.69 a gallon to 3.49 two days ago. I refuse to buy from him. Oil hit an all time low of 80 bucks a barrel and he's still sticking it to his customers!
It would be interesting to know what we were paying for gas the last time a barrell was 80.00.
no the prices havent dropped trick is still 8.50+ tax haha, yeah the OTHER pump gas has dropped though
Around $3.20 here in Vegas, was around $3.40 in Seattle when we left yesterday. Watch your state pols, good time for them to sneak in some fuel tax increases since you've been used to higher.
The world economy will heal over the next couple years or so, energy demand will rise again, as will it's prices. You'll be wishing for $4 gasoline once we get "Change we don't understand". The ban on domestic drilling will be reimposed, vast sums of capital will be squandered on "alternatives" that still show little promise even after decades of "investment" and we have no idea how soon they might blossom if by some chance they do prove viable, and the real costs of "protecting the environment from carbon" get rolled up. The actions of government over the past two weeks, plus all the "goodies" promised for the near future will give inflation that might just make you pine for the 1970s again.
Bob It's too bad executives weren't exempt from bail out funds. The term golden handshake might be recoined as platinum or diamond in the near future. The parties that AIG had were just the tip of what probably is happening all over. Greed and the pursuit of thy self is an ugly problem, where morals and integrity have taken a back seat.
I agree this is just a momentary wrickle, until OPEC figures a way to get 147 a barrell again.
All those of you who have large gas tanks(500+ gallons at home, I guess now is the time to start filling them again.) A friend has a 200 and a 500 gallon setup he bought just before gas hit 3.00 a gallon. I told him to fill them, because it would get worse. He didn't believe me and they have set empty for over a year now.
I also worry about the total environmental impact for all of our current gas conservation choices. Nobody wants to answer what will happen when all of those hybrids need new batteries, and what recycling issues this will cause, or the silica production for solar cells, and the hazardous waste that is caused in the manufacturing process( China has already demonstrated that dumping it into their local farms has effectively killed all life and any future farming near these plants), so the answers are not easy, but I do believe funding for alternative energy sources that are availible to us, and will have lower environmental impacts is essential. We can't continue the way we have and expect our livestyles not to change, and our health to survive.
I also agree that we need to work on our infra structure in the interem. I don't know much about coal energy plants these day, just that nations that use coal for heat have a tremendous problem with their citizens health in the areas of asthma, emphysema, and mercury poisoning which is liberated into the air during the burning process. I don't know if nuclear is the answer, but for the short term these may be necessary evils.
Yesterday on the news when they said gas prices were down an average of .35 per gallon that amounted to $130,000,000 a day so we all know how fast that will turn into billions. The oil companies will do everything in their power to get the price back up. I have worked at Nuclear powerhouses, and coal powerhouses and there is a world of difference. It’s very hard to breathe in some areas of the coal powerhouse. The Nuclear power houses are as clean as hospital’s. When the coal is burnt it’s gone when the dust settles, Nuclear power waste is a big problem, plus the power can get out of control. I saw what happened when a small reactor blew up, it took down a big building at a chemical plant. We don’t have to many good options as far as I can see.
Richard
I hear yah Richard!:CRY:
Richard, I'm not pickin' on you, you just happen to say what the general populous believes...........no matter how ridiculous. If the oil companies were so much in control of the market, why would they "let" prices go down, just keep them where they were.............heck, go even higher since so many folks don't think market forces matter. BTW, our domestic companies only control about 4% of the worlds crude oil.........hardly enough to drive market pricing. One of these days folks might figure out that the hate propaganda aimed at oil and other large companies is a political scam not unlike ol' Adolph did in scapegoating Jews. Nah...........takes too much thought.Quote:
Originally Posted by ford2custom
This is an interesting article in the New York Times.
http://www.nytimes.com/2008/10/17/bu...se&oref=slogin
How do you make people happy to pay 4$ p gallon?
charge them $5.
I know what your saying Bob, it's just easier to blame the ones that are taking the money. They said the .35-drop amounted to $130,000,000 a day that's a big loss to somebody. Myself I think it should be regulated like utilities, since it is something we have to have not a luxury like a new T.V. or some other product. This will undoubtedly spin off onto another point since I don’t claim to be well versed on goods, product demand I just know that the price is way up when the barrel of oil goes up but it doesn’t come down when the price of oil per barrel falls to almost half from a few months ago. Set me straight I do not take offense when you know more then me, I just get some quick knowledge.
Richard
I just saw $ 2.94 on the way to work this morning. If this keeps up I might be able to afford food again!! :D :D
Don
I filled the wife's Chrysler earlier today for $2.32. :)
$3.09 here tonight. Down from $3.29 a couple days ago.
$2.49 in Chapman today.......:D
:toocool:
That's why I like "conversing" with you Richard.Quote:
Originally Posted by ford2custom
We could get into a long discussion that probably would bore most everyone. For some reason economics doesn't enthrall a lot of people in our country. One election year example is how many people buy into the BS that any President of the US can "create a job". Or maybe that should be "real job", they do employ a bunch of political hacks for a while.:D
But briefly, commodities almost always follow a "rocket/feather" pricing scenario. The retail prices go up like a rocket, and fall like a feather. Someone mentioned earlier (robot I think) that retail marketers have to work through their inventory. On the way up they have to anticipate future pricing and build in enough profit to be able to buy the next quantity of inventory. On the way down theY're stuck with the higher priced inventory until they can move it. Figuring out how to maintain a balance between pricing/profit/sales can be a real bitch for a business owner who wants to survive in a volatile market. Gasoline is pretty emotion inspiring, so let's bring up something else. Been in a hardware place to buy copper piping? Copper prices, like most commodities that are reacting to economic slow down, are falling, but the pipes on the rack are still at the same high price they were months ago. Again, working off the higher price inventory. It would be the same for steel, aluminum, and on and on. There's also the matter of finding a price point that the market will bare, and the effects competition has on that, but that's a whole 'nother discussion.
As for regulating the price of gasoline we've been there, done that, in the late '70s early '80s. Just like in most things, when the government steps in and quashes the free market prices climb and supplies tighten (often resulting in rationing). When oil prices were deregulated in '82 or 3 those politicians that favor big government meddling were predicting immediate price "gouging". Of course they were wrong and prices dropped, and dropped, and dropped as supplies increased (competition almost always improves the breed) to the point in the 1990s where we were "spoiled" again. That's why just the "threat" of our drilling for more oil caused the "speculators" (those who make buying decisions on how they guess the future pricing will be) to bid down the future pricing of oil. Then the awareness of global monetary tightening added more fuel to the fire (pun intended:D ). But then, you're a speculator, so you know that. Government meddling that blocks the exploration and production of a known, highly efficient, infrastructure already in place energy source can only be harmful to our accessibility and ability to pay. Add to that the waste of tax dollars in search of a silver bullet alternative and the hidden cost rises as well. The more we disincentiveize our job/wealth producers, and the more uncompetitive (with the rest of the world) we make ourselves the worse it will be for our jobs market and economy (which are tightly intertwined). Which brings me full circle back to the comment about Presidents don't create jobs, they can only be part of the incentive/disincentive component of the equation. Those evil corporations and "greedy rich people" are the ones with the track record of job creation. Political blustering to the contrary should be labeled as what it is...........................a lie.
Add in to the above that we cut our consumption by almost half in 8 months. Now we've created a glut of gas in the storage farms!Quote:
Originally Posted by Bob Parmenter
Bob, this ties in with what you are saying, last night I was watching 20/20 with John Stossel. The people he was talking to from the University’s on economics were saying the President or government does not fix the problem; it’s the big business that continues to create products and inventions to move the economy up. A good example was the guy bringing the ice years ago. By someone inventing the refrigerator it eliminated the iceman’s job but created jobs making refrigerators and the consumer helped the economy by buying them. I know all of this makes since it just seems like it’s hard to keep up when a person like me is no longer in the work force. Trying to survive on a limited amount of money. When I was working and making good money I really added to the economy because I like new cars, hot rods/and customs. This morning I was talking to a roofer for an estimate on my house; he said prices have doubled in the past year most likely because of petroleum used in the singles. Now by the price of oil coming down it would be nice if maybe in the spring the shingles would come down in price but you never know. I know as a kid I would hear things like if you want things to get screwed up get the government involved. The private sector through donations of money and labor has put up way more houses then the government has after Katrina.
Bob, your well versed and I like hearing your replies and contributions. I have never heard you try to be superior or act like you’re better equipped with knowledge. You have a respectful way of getting your point across. I have always said a smart person doesn’t have to tell someone they are smart, it will be apparent when they speak. My daughter married a Notre Dame graduate who say’s he is smarter then 98% of the Worlds population. I tell him he has that wrong he is dumber then 98% of the Worlds population he can barley keep his shoes tied.
Richard
:LOL: Can't tell ya how many business owners I've known who hired their son-in-law just so they felt their daughter would continue to be fed. Guess that really is "creating a job"!!! :LOL:Quote:
Originally Posted by ford2custom
$2.69 at some stations here, others still at $2.79. Waiting for the bump up just before Thanksgiving.:CRY:
$3.21 at the new Safeway last night. I'd love to see it drop below three bucks at least once before the rollercoaster rise starts again!
The funny thing is we have a Chevron refinery just 40 miles away. And gas at Chevron stations gets cheaper by the gallon the farther away from the refinery. Same gas, same price for the stations, more expensive delivery charges and less expensive at the pumps! Seems crazy to me.
Since I have been buying gas at Safeway(about 2 months now) my gas milage has increased by 1-2 mpg. Anybody else with similar experiences using different pump gas?
Just paid $2.44 here in central texas.
My buddy noticed a drop in mileage when we started getting the 10 percent ethanol gas. Were down in the 2.80`s at most stores around here.
I noticed the same thing. My truck is up about a mile per gallon and I haven't changed a thing so hopefully that crap is being eliminated. There is a push here in Missouri to eliminate the ethanol subsidy and if that happens I believe ethanol will go away, at least in it's present form. BTW, gas is $2.21 in Springfield.Quote:
Originally Posted by hotroddaddy
NTFDAY
It's sad that gas is a buck cheaper where you live. I'm tired of cost gouging out here!
Lowest I've seen so far right now at $2.49 for 87
We just got some at $ 2.67 a couple of days ago. Don't know if we should fill up a 500 gallon tank now or not because if history is any indicator, this won't last long.
Don