Gas Prices

NCfan

Does anyone else find it astonishing that the price of gas has plummeted right before a mid-term election?

When prices skyrocketed and people started to seriously call for alternative fuels, then all of a sudden production goes up and price comes back down.

This is total bullshit. Fuck our corrupt ass government officials and corporate bigwigs who are fucking our country, environment and ultimately the world.

I don't think I'm going to vote anymore becuase it doesn't matter who you elect these days, they owe somebody big time for putting up the hundreds of millions it takes to win office.

Let's change the political system - we need more than one party and campaign finance reform in the worst way!!!!!!! Fuck! KLJASDHIA&S%(Df67y

floyd1975

So you're complaining about lower gas prices?

jlew24asu

and the sun has shined bright for 8 days in a row! it must have something to do with the election.

jbalicki10

I find it more amazing here in chicago where gas is still over $2.30 . If you go out to the far suburbs its 2.09 . What worse is when gas was 55 bucks a barrel the price was $1.55 and now its 59 dollars with the price over 2 bucks... What a rip off

ledvedderman

I think there is something kind of odd about that...

jlew24asu

NCfan wrote:

Does anyone else find it astonishing that the price of gas has plummeted right before a mid-term election?

When prices skyrocketed and people started to seriously call for alternative fuels, then all of a sudden production goes up and price comes back down.

This is total bullshit. Fuck our corrupt ass government officials and corporate bigwigs who are fucking our country, environment and ultimately the world.

I don't think I'm going to vote anymore becuase it doesn't matter who you elect these days, they owe somebody big time for putting up the hundreds of millions it takes to win office.

Let's change the political system - we need more than one party and campaign finance reform in the worst way!!!!!!! Fuck! KLJASDHIA&S%(Df67y

try taking an economics class. you might, might not, learn alot. and no you are the only one who finds it astonishing

NCfan

zstillings wrote:

So you're complaining about lower gas prices?

I'm complaining about two things...

1) It seems brutally obvious that levers can be pulled to manipulate price. The Saudis know they need the Republicans in office and so they ratchet up their production to pull the price back down. The world is a much, much more volitale place now than it was a year ago. Iraq is teetering and Iran is pretty much told the world to kiss off.

2) Yes, lower gas prices mean the lemmings in our country will shut up about wanting ethanol and hydrogen fuels. In essence, we'll keep on choking ourselves on carbon dioxide and sending hundreds of billions of dollars to people who want to undermine the United States and ultimately democracy in the world. We couldn't be more stupid.

jlew24asu

ledvedderman wrote:

I think there is something kind of odd about that...

your smarter then that. the price of oil is a freely traded commodity. the price is set in the trading pits of new york and london. and supply is controlled by OPEC. the only way the governement could bring the price down is if it released a bunch from its reserve. the price might, big might, drop very litttle. I do this stuff for a living, I know a little bit about it.

patrickredeyes

$2.16 in Milwaukee for unleaded.

inmytree

NCfan wrote:

Does anyone else find it astonishing that the price of gas has plummeted right before a mid-term election?

When prices skyrocketed and people started to seriously call for alternative fuels, then all of a sudden production goes up and price comes back down.

This is total bullshit. Fuck our corrupt ass government officials and corporate bigwigs who are fucking our country, environment and ultimately the world.

I don't think I'm going to vote anymore becuase it doesn't matter who you elect these days, they owe somebody big time for putting up the hundreds of millions it takes to win office.

Let's change the political system - we need more than one party and campaign finance reform in the worst way!!!!!!! Fuck! KLJASDHIA&S%(Df67y

I, too, am curious about the sudden drop in the price of gas...there was a interesting thread here a couple of weeks ago pertaining to this subject..

the usual "supply and demand" folks chimed in, but no one could address the fact the same excuses to raise prices are happening (iran saber-rattling, unrest in nigera, irak) and yet the price goes down...

suddenly there is a huge supply....yes, the "summer driving season" is over..but what does that really mean...? people are still driving, holidays are coming up, and guess what, people are going to be driving....the roads are still busy, in fact they are busier with all the parents driving kids to school...

I predicted a in that thread a couple of weeks ago, gas would be below 2 bucks by november 1....I bet I'm right....

floyd1975

NCfan wrote:

I'm complaining about two things...

1) It seems brutally obvious that levers can be pulled to manipulate price. The Saudis know they need the Republicans in office and so they ratchet up their production to pull the price back down. The world is a much, much more volitale place now than it was a year ago. Iraq is teetering and Iran is pretty much told the world to kiss off.

2) Yes, lower gas prices mean the lemmings in our country will shut up about wanting ethanol and hydrogen fuels. In essence, we'll keep on choking ourselves on carbon dioxide and sending hundreds of billions of dollars to people who want to undermine the United States and ultimately democracy in the world. We couldn't be more stupid.

Just a few months ago, it was being blamed on Exxon's price gouging. Oil may have fallen to $59 a barrel but looking at it in this way is very American centered. This price falling is a good thing even for the research into alternative fuels since every alternative fuel that has been looked at takes oil to produce at this point. Higher gas prices cause low income families hardships in more than the one family car that they can afford. Complaining about the price drop is frivolous.

NCfan

jlew24asu wrote:

your smarter then that. the price of oil is a freely traded commodity. the price is set in the trading pits of new york and london. and supply is controlled by OPEC. the only way the governement could bring the price down is if it released a bunch from its reserve. the price might, big might, drop very litttle. I do this stuff for a living, I know a little bit about it.

I have taken Economics you smart ass. When supply goes up, price comes down. The price set in trading pits has been artificially inflated due to volitile world events that threaten supply. It's estimated that speculation alone has raised the price of oil in recent months around $20 per barrel.

Recent world events should suggest that the price would increase, yet they are falling. Why are they falling? It is becuase OPEC, namely the Saudis have increased the shit out of their production. Why would they do this? There are two reasons.

1) They know if they keep production low and prices high, the demand for their commidity will be in jeopardy by consumers who want alternative fuels.

2) They need a Republican administration that de facto protects them and their interest while starting wars with their enemies.

jlew24asu

inmytree wrote:

I, too, am curious about the sudden drop in the price of gas...there was a interesting thread here a couple of weeks ago pertaining to this subject..

the usual "supply and demand" folks chimed in, but no one could address the fact the same excuses to raise prices are happening (iran saber-rattling, unrest in nigera, irak) and yet the price goes down...

suddenly there is a huge supply....yes, the "summer driving season" is over..but what does that really mean...? people are still driving, holidays are coming up, and guess what, people are going to be driving....the roads are still busy, in fact they are busier with all the parents driving kids to school...

I predicted a in that thread a couple of weeks ago, gas would be below 2 bucks by november 1....I bet I'm right....

wow thats a bold statment. price will be 2 dollars by November. guess what genius oil prices go down in the winter. this subject makes me more angry becuase you people have no idea what you are talking about.

NEWS FLASH

the government has no control over the price of oil. its a freely traded commodity. and supply is mostly controlled by OPEC. USA is not part of OPEC. some might not have known that either.


take a look at the price of oil over time. it goes down in NOVEMBER. yes, even in a non-election year. shocking isnt it?

http://www.tfc-charts.w2d.com/hist_CO.html


stop blaming every goddamn thing on the government

inmytree

jlew24asu wrote:

wow thats a bold statment. price will be 2 dollars by November. guess what genius oil prices go down in the winter. this subject makes me more angry becuase you people have no idea what you are talking about.

NEWS FLASH

the government has no control over the price of oil. its a freely traded commodity. and supply is mostly controlled by OPEC. USA is not part of OPEC. some might not have known that either.


take a look at the price of oil over time. it goes down in NOVEMBER. yes, even in a non-election year. shocking isnt it?

http://www.tfc-charts.w2d.com/hist_CO.html


stop blaming every goddamn thing on the government

I don't buy it...all the usual excuses are in place, the ones I've mentioned, yet the prices go down..

I contend setting prices of almost anything is subjective and can be manipulated...

jlew24asu

inmytree wrote:

I don't buy it...all the usual excuses are in place, the ones I've mentioned, yet the prices go down..

I contend setting prices of almost anything is subjective and can be manipulated...

you obviously have no idea how markets work.

The Illinoisemakers

inmytree wrote:

I, too, am curious about the sudden drop in the price of gas...there was a interesting thread here a couple of weeks ago pertaining to this subject..

the usual "supply and demand" folks chimed in, but no one could address the fact the same excuses to raise prices are happening (iran saber-rattling, unrest in nigera, irak) and yet the price goes down...

suddenly there is a huge supply....yes, the "summer driving season" is over..but what does that really mean...? people are still driving, holidays are coming up, and guess what, people are going to be driving....the roads are still busy, in fact they are busier with all the parents driving kids to school...

I predicted a in that thread a couple of weeks ago, gas would be below 2 bucks by november 1....I bet I'm right....

We are moving towards winter blend gasoline. It is cheaper to refine, due to less stringent environmental regulations. This isn't the first time gas prices have taken a dip during fall. Expect prices to increase when summer approachs as they switch back to summer blends.

This guy gives a pretty good explanation
http://www.theoildrum.com/story/2006/9/13/234043/431

Funny how people seem to actually be upset that gas prices are falling. Makes no sense to me.

jlew24asu

The Illinoisemakers wrote:

We are moving towards winter blend gasoline. It is cheaper to refine, due to less stringent environmental regulations. This isn't the first time gas prices have taken a dip during fall. Expect prices to increase when summer approachs as they switch back to summer blends.

This guy gives a pretty good explanation
http://www.theoildrum.com/story/2006/9/13/234043/431

Funny how people seem to actually be upset that gas prices are falling. Makes no sense to me.

its amazing isnt it? the LAWS of supply and demand mean nothing also. its bush and the republicans. that cannot be any other explaination.

The Illinoisemakers

I guess I'm just missing how lower gas prices are a bad thing. People want to blame Bush for that? i don't get it. If the dems were in control and prices were falling, which they would because it has nothing to do with elections, would they be blaming the dems? I doubt it.

Cosmo

The Illinoisemakers wrote:

I guess I'm just missing how lower gas prices are a bad thing. People want to blame Bush for that? i don't get it. If the dems were in control and prices were falling, which they would because it has nothing to do with elections, would they be blaming the dems? I doubt it.

...
Yeah... there would be.
Do you remember when Clinton was President? People complained... about Waco, TX., about Monica Lewinski, about Wag The Dog, about InterNet Bubbles. It's just that you were probably doing the complaining... and rightly so... on some issues.
Please, don't tell me that the Conservative Republicans sat there in silence from 1992 to 2000.

surferdude

The Illinoisemakers wrote:

I guess I'm just missing how lower gas prices are a bad thing. People want to blame Bush for that? i don't get it. If the dems were in control and prices were falling, which they would because it has nothing to do with elections, would they be blaming the dems? I doubt it.

Because the Dems have never done anything worse than get a blow job. Dems motives are only for the betterment of humanity and America.

They've never done anything like illegally bomb and attack a country say like Kosovo or lie under in a Congretional hearing.

Now Republicans are tricky bastards. They can control things they have no control over, all the while headed by the stupidest person to ever exist. Now there's a party you can't trust.

The Illinoisemakers

Cosmo wrote:

...
Yeah... there would be.
Do you remember when Clinton was President? People complained... about Waco, TX., about Monica Lewinski, about Wag The Dog, about InterNet Bubbles. It's just that you were probably doing the complaining... and rightly so... on some issues.
Please, don't tell me that the Conservative Republicans sat there in silence from 1992 to 2000.

Yes I remember all of that, I wasn't really complaining about it though. I was a little young to really know what the hell was going on. No I wont tell you that Republicans were sitting there in silence, I'm sure they weren't and rightfully so. But I'm not talking about all of that. I was only talking about the topic of this thread, gas prices falling.