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Gas Prices Dropping

Discussion in 'Off-Topic' started by PatMaGroin, Sep 8, 2006.

  1. PatMaGroin

    PatMaGroin IncGamers Member

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    Gas Prices Dropping

    $2.42 here. And I hear tell that they may drop another 20 cents this weekend, from the store director at a grocery store here that also runs a gas station.

    How are prices looking for you guys?

    Do you think they'll stay this low, go down more, go back up?

    Why the drop? Llad, care to weigh in please sir?
     
  2. Sir EvilFreeSmeg

    Sir EvilFreeSmeg Banned

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    llad12, care to fill us in on how OPEC killed oil prices in the 80's? Do you think this is again the same thing? Coal-to-oil is now a viable technology.

    Are they trying to make oil a cheaper alternative in order to kill coal-to-oil? I'm starting to think that's what's happening.
     
  3. FlimFlan

    FlimFlan IncGamers Member

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    Who pays for gas? I haven't for 2 years since I have been working for the company out of the US. I guess it was good timing on my part.
     
  4. Sir EvilFreeSmeg

    Sir EvilFreeSmeg Banned

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    I do. About $2.89 at Costco. Only Californication has higher gas than Idaho right now. And it's due to a few jack Mormons in Utah. They own the pipeline. Bunch of thieves.
     
  5. Amra

    Amra IncGamers Member

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    I am not sure what it is here now. I'll have to check.

    What is this.... an election year ploy? Dick Cheney call your office!!

    Wasn't that created by the Germans during WWII?

    I call for price controls!! :soapbox:
     
  6. MadMachine

    MadMachine IncGamers Member

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    It's called the busy season (summer) ending. Go fig.

    85-90 cents a litre here.
     
  7. thejdawg2

    thejdawg2 IncGamers Member

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  8. Sir EvilFreeSmeg

    Sir EvilFreeSmeg Banned

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  9. Merick

    Merick IncGamers Member

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    NOOOOO. Does this mean no more fluff pieces on the news about my "pain at the pump"? I don't want to live without seeing a dozen yokels buying gas being asked if gas prices are too high every day.
     
  10. Amra

    Amra IncGamers Member

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    So I was half right it seems.
     
  11. EliManning

    EliManning IncGamers Member

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    Yeah, it's awesome how cheap gas is getting. Now a gallon only costs a dollar more than it's worth based on supply and demand, and only 2.30 more than it costs to produce.
     
  12. Amra

    Amra IncGamers Member

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    Well, the various levels of government do need to get their fair share of taxes.
     
  13. Sir EvilFreeSmeg

    Sir EvilFreeSmeg Banned

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    Plus this is a capitalism and they can charge whatever we'll pay willingly.

    If Eli wants to rail against people making a killing, go yell at the bottle water people. Or lawyers. Or anybody making any kind of profit. Better yet, let's get rid of profit entirely. Yeah, let's all be commies! It worked for the Soviets. Oh wait, they're gone...
     
  14. llad12

    llad12 IncGamers Member

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    Corrections always occur in markets. What goes up ... must come down.

    As I have said many times in the past, oil and gas prices are one of most volatile commodities on the market.

    With the exception of marketing runs for political reasons, supply and demand, in general, rules the day.

    From Bloomberg

    A reprinted Jan 2006 article from IHS Energy (concerning reserve revisions and discoveries outpacing consumption) might also give a little more insight into the current situation.



    Finally just remember this fellas: If you like/dislike the prices now ... stick around, they will change.

    What goes down ... also goes back up :wink2:
     
  15. Sir EvilFreeSmeg

    Sir EvilFreeSmeg Banned

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    Translation:
    llad12 needs a new boat for his vacation
     
  16. hacchantal

    hacchantal IncGamers Member

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    $2.42???? Holy! It was around ... 89 cents here last I checked (Canadian)
     
  17. S Z

    S Z IncGamers Member

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    Per US Gallon?
     
  18. Ranger14

    Ranger14 IncGamers Member

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    As low as $2.51 here! Yippee!
     
  19. skihard

    skihard Banned

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    Just saw it for $2.36 on my way home first time in nearly a year it's been that low, time to fill the Expedition
     
  20. SquareRootOfBob

    SquareRootOfBob IncGamers Member

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    It was around $3.20 at the height of it all, but we've settled down to $2.76 recently, with prices only going lower.

    $0.89 CAD/liter = $3.01 USD/gal
     

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