| |
10-25-2008, 05:16 AM
| #1 |
| I wanna be Dave Join Date: Sep 2005 Location: USA
Posts: 11,196
|  Dropped gas Prices?
So what does everyone think way the gas dropped so much so fast? The upcoming election? Or something esle?
|
|  |
| Sponsored Links | |
| | |
|
10-25-2008, 05:49 AM
| #2 |
| WWW.THEROXBOX.COM Join Date: Sep 2007 Location: The Legend of Stone Pillow
Posts: 1,404
|
I Payed $2.31 yesterday in Indaina  i have no clue, but i like it |
|
| |
|
10-25-2008, 05:58 AM
| #3 |
| Pebble Pounder Join Date: May 2006 Location: Dallas, GA
Posts: 102
|
Less demand + unchanged supply = lower price
Last edited by TWISTER; 10-25-2008 at 06:02 AM. |
|
| |
|
10-25-2008, 06:05 AM
| #4 | |
| I wanna be Dave Join Date: Sep 2005 Location: USA
Posts: 11,196
| Quote:
 I'm thinking the Government has more control over the oil then we think. I was thinking maybe they found out these high gas prices for so long. Screwed this country up and ran it into the ground. Think about. When gas was below $2.00 everything was fine or at least a lot better then now. Everyting has losed value and on top of that food and other daily things went up in price to cover there gas to get it to us. I'm thinking they are dropping the price to see if it helps the nation over all or not. On a side note. Take Milk as an example. Milk jumped up over $1, b/c of gad prices. Do you think Hiland is going to lower the cost of milk now since gas ins't $4 a gallon now... Hell no. So now all these companies that raised there prices to cover gas charges. Are making even more money of there products. That doesn't seem right either. | |
|
| |
|
10-25-2008, 07:12 AM
| #5 | |
| Quarry Creeper Join Date: Jan 2008 Location: Cyprus
Posts: 321
|
Your government doesn't have a lot to do with worldwide prices. OPEC cut output by a miniscule amount, but prices still fell to $64 in the US and *I think* $61 in the UK. Quote:
| |
|
| |
|
10-25-2008, 07:12 AM
| #6 |
| I wanna be Dave  Join Date: Jul 2006 Location: Elberfeld
Posts: 2,085
|
Milk prices have come down here too!
|
|
| |
|
10-25-2008, 07:30 AM
| #7 |
| Rock Crawler  Join Date: Jan 2007 Location: Midway
Posts: 836
|
Christmas is coming up!!! Gas prices down, but diesel not so much by percentages. The government is trying to move the money around by letting you spent more money in different places, from the gas/oil companies to the retailers so all show a decent profit for the 4 quarter. Trying to boost the stock markets.
|
|
| |
|
10-25-2008, 07:43 AM
| #8 |
| RCC Addict Join Date: Apr 2006 Location: Home of the ORIGINAL Terminator chassis
Posts: 1,252
|
The drop in gas prices is nice now that I don't have to spend $85 to fill the car up. Food/retail prices may not go down though because diesel is still $3.90 here in NY. Think gas was $2.70.
|
|
| |
|
10-25-2008, 07:45 AM
| #9 |
| RCC Addict Join Date: Feb 2005 Location: Crawlifornia Uber Alles
Posts: 1,146
|
it's the government's way of keeping the natives happy.
|
|
| |
|
10-25-2008, 07:47 AM
| #10 |
| Newbie Join Date: Jan 2007 Location: Brisbane, Australia
Posts: 46
|
Oh wow! Here in Australia, Unleaded Petrol prices are around $1.30aud $1.40aud depending on the day of the week... Some service stations are taking a stand here and putting on $0.99aud for a few hours to try to force the price of the fuel here down... Looks like we dont know how sweet we have it fuel wise...
|
|
| |
|
10-25-2008, 07:58 AM
| #11 | |
| I wanna be Dave  Join Date: Jan 2004 Location: Detroit
Posts: 3,583
|
I'll probably get blasted for this, but my opinion: I think its because of every market falling. It's no longer just the US, other countries who invested here and in their countries are seeing US hurting and alot of them supply us. So I believe our downturn is hurting other countries, which is like a global recession. This will lower prices on oil as we see and lately our US Dollar has been gaining back some of its lost ground on other currencies. I do think much of this could have something to do with the election as in pricing, but definately not the Oil Barrel pricing. Quote:
| |
|
| |
|
10-25-2008, 08:00 AM
| #12 |
| Custom Carbon Fiber   Join Date: Oct 2007 Location: Connecticut :(
Posts: 4,501
|
its nothing the goverment has control over, economy is down so people are driving less. what i find funny is how OPEC said supply and demand was driving prices up but not their cutting back production to drive the demand back up so barrel prices dont fall any further? it wont last long, first sign of economic growth and they'll jack the $ right back up. besides, if gas prices are coming down this fast why has Diesel or home heating oil yet not fallen as much? |
|
| |
|
10-25-2008, 08:27 AM
| #13 |
| I wanna be Dave  Join Date: Mar 2005 Location: Hiding from Goodall
Posts: 2,518
| I DEMAND A WINDFALL PROFITS TAX ON BIG MILK! |
|
| |
|
10-25-2008, 09:38 AM
| #14 |
| RCC Addict Join Date: Jan 2008 Location: www.rccrawler.com
Posts: 1,113
|
The Arabs like Obama so they have decided to give you a discount ...  |
|
| |
|
10-25-2008, 09:41 AM
| #15 |
| Pebble Pounder Join Date: Mar 2007 Location: Socal
Posts: 143
|
2.09! 2.31!. Man that is Cheap!!! And i think paying 3.15 is cheap here in Socal.. Man im missin out.  Good thing i got a 4cyl. |
|
| |
|
10-25-2008, 09:45 AM
| #16 | |
| Rock Stacker Join Date: Aug 2008 Location: Lincoln
Posts: 86
| Quote:
Bingo. I think the high prices over the last couple of years is part of the economic problem. I think OPEC is a bunch of pricks and they will try to squeeze every little dime from us they can. And yes, I think they will hike it back up as soon as they can. They can charge whatever they want because they know we have/will pay it. As far as the prices on commodities, it's the higher cost of diesel that raises the prices, not so much as gasoline. Trucking companies have to raise their shipping prices to cover the higher diesel, therefore stores have to raise their prices to cover the higher shipping costs. When diesel prices go up, they are just passed all the way down until the product stops moving. What also makes a difference is the new emissions laws for trucks. The newer trucks, 2006 and newer I believe, have to run a newer low sulfer fuel and there is a new soot trap on the exhaust they are starting to run. These and amoung other things is causing the MPG to go lower. I used to get about 7 to 8 MPG in my truck and now I think they are starting to get closer to 4 or 5. | |
|
| |
|
10-25-2008, 11:23 AM
| #17 | |
| Rock Crawler Join Date: Apr 2007 Location: Hawaii
Posts: 709
| Quote:
Most trucking companies belong to some type of organization that dictates their rates. Here in Hawaii alot of companies use Western Tariff, which I think is based out of Califronia. The rates including surcharges are reviewed only every so often so the fuel surcharge that was added was done so well after fuel charges went up. So the company was eating the additional fuel costs until the surcharge kicked in. At least that's the way it supposed to work but some companies just add in surcharges on their own. | |
|
| |
|
10-25-2008, 11:37 AM
| #18 | |
| RCC Addict Join Date: May 2006 Location: California
Posts: 1,361
| Quote:
| |
|
| |
|
10-25-2008, 11:42 AM
| #19 |
| I'm a stupid C U N T! Join Date: Jun 2005 Location: In the Garage!
Posts: 4,307
|
2.65 in MT, supply and demand is a powerful thing, US demand has dropped considerably in the last few months, and with the stock market issues people are watching their money even more closely, and investors are selling off their shares in gas and others to maintain some sort of profit.
|
|
| |
|
10-25-2008, 11:47 AM
| #20 | |
| Pebble Pounder Join Date: Mar 2007 Location: Socal
Posts: 143
| Quote:
Scratch that. i pumped 3.05 today at shell. | |
|
| |
 |
| |
Linear Mode
