Gas Prices

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July 13th, 2014 at 8:29:06 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 129
Posts: 18066
WTF is going on with gas. Two weeks ago I paid
3.99 and today it was 3.49, that's a 50 cent drop.
And it's July, big travel month.
If you take a risk, you may lose. If you never take a risk, you will always lose.
July 13th, 2014 at 9:40:15 PM permalink
zippyboy
Member since: Oct 24, 2012
Threads: 2
Posts: 593
why aren't you posting this in "gas prices where you are" in that other forum? Just trying to get up your thread count? geeeez.
July 13th, 2014 at 11:10:06 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 129
Posts: 18066
Holy crap are you behind the times. I don't post
on the other site anymore, except for special
occasions. This isn't one.
If you take a risk, you may lose. If you never take a risk, you will always lose.
July 14th, 2014 at 3:07:12 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 119
Posts: 10279
See if the drop sustains. It is possible that they have their channel stuffed and nowhere to store what is coming out of the refinery.
The man who damns money has obtained it dishonorably; the man who respects it has earned it
July 14th, 2014 at 5:11:23 AM permalink
odiousgambit
Member since: Oct 28, 2012
Threads: 102
Posts: 2581
The spike came when nobody knew how far Putin is willing to go, and how likely ISIS was to disrupt supply. Now that those things seem muted the price is about where it should be*. Which viewed in constant dollars is a bit dear, but anything below $3 now would be another-glut-approaches possibly. The link below is done in constant dollars. In Europe they are sure enough making it look cheap with those prices ... but we've heard that before and it gets tiresome I guess.



*I mean considering current supply and demand.
The light at the end of the tunnel can be a freight train coming the other way!..Fleastiff
July 14th, 2014 at 8:23:23 PM permalink
Beethoven
Member since: Apr 27, 2014
Threads: 18
Posts: 640
I never understood why people accuse others of trying to run up their post count. It's not like there's any great benefit to having a lot of posts.

People just need something to complain about, I guess. *shrug*
Boron Boron Boron rhymes with moron, moron, moron
July 15th, 2014 at 7:43:22 PM permalink
theodores
Member since: Oct 28, 2012
Threads: 2
Posts: 85
Price of crude plummeting because of domestic production, and excess refining capacity especially around Toledo and NW Indiana.
July 15th, 2014 at 8:42:38 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 129
Posts: 18066
Quote: Beethoven
I never understood why people accuse others of trying to run up their post count. It's not like there's any great benefit to having a lot of posts.


You get to wash Mikes car if you get 10K
posts on DT.
If you take a risk, you may lose. If you never take a risk, you will always lose.
July 16th, 2014 at 5:06:59 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 119
Posts: 10279
Quote: theodores
Price of crude plummeting because of domestic production, and excess refining capacity especially around Toledo and NW Indiana.


Just saw an article that if not for fracking in the USA we would be in an oil crisis worldwide. Remember in 2008 when Nancy Pelosi said the people who said "Drill, baby, drill!" would in 1979 be yelling "BUILD SELETRIC TYPEWRITERS!" and we were told "conservation" was the only hope?

Daily I drive home passing many of the well tracts I helped do the title work for. There is no feeling like it!
The man who damns money has obtained it dishonorably; the man who respects it has earned it
October 20th, 2018 at 7:57:28 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 129
Posts: 18066
10 days ago gas was $3.05, today it's $2.59.
What did I miss..
If you take a risk, you may lose. If you never take a risk, you will always lose.
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