Gas prices...
inmytree
Posts: 4,741
are falling...
http://money.cnn.com/2008/09/08/news/economy/gas_prices/index.htm?eref=rss_topstories
Yeah, I understand the whole "supply and demand" thing...however, we've had a couple of hurricanes hit the gulf, Ike is raging and heading toward the gulf, Iran is saber rattling ( http://rawstory.com/news/2008/Iran_announces_war_games_plans_0907.html ), Nigeria still has rebels fighting ( http://africa.reuters.com/top/news/usnBAN130128.htm l)...
which are all common excuses for gas prices to fluctuate...yet, they continue to fall...I just find it interesting...
http://money.cnn.com/2008/09/08/news/economy/gas_prices/index.htm?eref=rss_topstories
Yeah, I understand the whole "supply and demand" thing...however, we've had a couple of hurricanes hit the gulf, Ike is raging and heading toward the gulf, Iran is saber rattling ( http://rawstory.com/news/2008/Iran_announces_war_games_plans_0907.html ), Nigeria still has rebels fighting ( http://africa.reuters.com/top/news/usnBAN130128.htm l)...
which are all common excuses for gas prices to fluctuate...yet, they continue to fall...I just find it interesting...
Post edited by Unknown User on
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lol, that was nice of them
www.seanbrady.net
they continue to fall because oil is falling. the hurricanes have not been as bad as originally thought although Ike still can be.
all comes down to supply and demand. demand has nosedived
So what you are saying is that I should only get a few gallons on the way home and not fill up?
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
They always seem to drop around this time, am I right on this?
Peace
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I thought demand in China and India offset the lower demand in the US...?
I just find it interesting, with all the common excuses still in place, prices are falling...
last summer, when a hurricane was forecast, oil and gas shot up...now it's "they weren't that bad"....
he he...I forgot about this excuse...yeah, I guess my commute to work will be shorter now that summer is over...I just read the grocery store is now closer to my house...
oddly enough, the lines to drop off kids to school this fall are still long...
weird..
I'm not sure what you are getting at. you think there is some massive conspiracy going on?
yes
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now that the Olympics are over, China's oil demands have fallen:
http://www.forbes.com/reuters/feeds/reuters/2008/09/05/2008-09-05T145725Z_01_L5628989_RTRIDST_0_MARKETS-OIL-UPDATE-6.html
So when demand is down with the two biggest consumers - US and China - prices fall.
- 8/28/98
- 9/2/00
- 4/28/03, 5/3/03, 7/3/03, 7/5/03, 7/6/03, 7/9/03, 7/11/03, 7/12/03, 7/14/03
- 9/28/04, 9/29/04, 10/1/04, 10/2/04
- 9/11/05, 9/12/05, 9/13/05, 9/30/05, 10/1/05, 10/3/05
- 5/12/06, 5/13/06, 5/27/06, 5/28/06, 5/30/06, 6/1/06, 6/3/06, 6/23/06, 7/22/06, 7/23/06, 12/2/06, 12/9/06
- 8/2/07, 8/5/07
- 6/19/08, 6/20/08, 6/22/08, 6/24/08, 6/25/08, 6/27/08, 6/28/08, 6/30/08, 7/1/08
- 8/23/09, 8/24/09, 9/21/09, 9/22/09, 10/27/09, 10/28/09, 10/30/09, 10/31/09
- 5/15/10, 5/17/10, 5/18/10, 5/20/10, 5/21/10, 10/23/10, 10/24/10
- 9/11/11, 9/12/11
- 10/18/13, 10/21/13, 10/22/13, 11/30/13, 12/4/13
You know, I will agree with you on this one.
It is my understanding of how these markets work that they price in the "usual dangers" well in advance which drives up prices, and when it wasn't as bad as expected, prices fall again. Drop in american consumption also brings the price down, although that is somewhat offset by increases elsewhere (China, India). But even if the overall consumption goes up, the price can fall on it not going up as much as expected. (since the bad news are priced in already) This happens with stocks as well when a company presents good results, but the market was expecting even better. (they will then probably had a generous increase in advance of the results, which are corrected a bit down again).
Peace
Dan
"Every judgment teeters on the brink of error. To claim absolute knowledge is to become monstrous. Knowledge is an unending adventure at the edge of uncertainty." - Frank Herbert, Dune, 1965
Indeed, seasonal fuels are part of it too, the special blends that are required for emissions in each city.
I'm just sayin' ...
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