Gas Prices

g under p
g under p Surfing The far side of THE Sombrero Galaxy Posts: 18,237
edited June 2009 in A Moving Train
What's up every morning on my way to work the price drops. Like this morning REG...$3.10 on my way home $3.05 within the day the price drops 4-5 cents a gallon.

I milked it on E for as long as I could, filled up my truck with 23.86 gallons at $3.05 a gal.....$73.00

This due to the election or what else could it be?

Peace
*We CAN bomb the World to pieces, but we CAN'T bomb it into PEACE*...Michael Franti

*MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
.....song_Music & Politics....Michael Franti

*The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)


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  • BetterThanYou
    BetterThanYou Posts: 853
    g under p wrote:
    What's up every morning on my way to work the price drops. Like this morning REG...$3.10 on my way home $3.05 within the day the price drops 4-5 cents a gallon.

    I milked it on E for as long as I could, filled up my truck with 23.86 gallons at $3.05 a gal.....$73.00

    This due to the election or what else could it be?

    Peace

    don't know what the cause is, but i'm astonished. i never thought they'd let it drop below $3.50 a gallon. one of the guys at work said the gas station on the corner last week had it at $2.90 a gallon. cars were lined up around the block, waiting for gas. cheapest i've seen with my own eyes was $3.09 this past sunday.

    wouldn't surprise me one bit if they skyrocket once the election is over, though.
    "Have you ever.........pooped a balloon?"
    ~D.K.S.
  • CHANGEinWAVES
    CHANGEinWAVES Posts: 10,169
    I was able to get gas last night for $2.99 a gallon on DE.... right over the border in PA it was $3.05 a gallon.
    "I'm not present, I'm a drug that makes you dream"
  • LikeAnOpeningBandForTheSun
    LikeAnOpeningBandForTheSun Posts: 6,097
    economy is crshing so there is less demand. or so they say.

    i'm loving this recession thing so far.
  • Strangest Tribe
    Strangest Tribe Posts: 2,502
    It's because for years we've been told gas prices go up because of supply and demand. They try to make you think more people are driving in the summer but they aren't or they weren't this summer when gas prices skyrocketed.

    Truth is...gas prices are speculated just like stocks and we have seen what happens to stocks when they are seriously overinflated.
    the Minions
  • g under p
    g under p Surfing The far side of THE Sombrero Galaxy Posts: 18,237
    Strangest Tribe wrote:
    It's because for years we've been told gas prices go up because of supply and demand. They try to make you think more people are driving in the summer but they aren't or they weren't this summer when gas prices skyrocketed.

    Truth is...gas prices are speculated just like stocks and we have seen what happens to stocks when they are seriously overinflated.

    I'm here in DC/MD and I sure we're going to hit under $3 before the weekend. My lady in Palm Beach Florida says gas down there is $2.90 all summer gas cost were much higher than here in DC.

    Peace
    *We CAN bomb the World to pieces, but we CAN'T bomb it into PEACE*...Michael Franti

    *MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
    .....song_Music & Politics....Michael Franti

    *The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)


  • Strangest Tribe
    Strangest Tribe Posts: 2,502
    g under p wrote:
    I'm here in DC/MD and I sure we're going to hit under $3 before the weekend. My lady in Palm Beach Florida says gas down there is $2.90 all summer gas cost were much higher than here in DC.

    Peace

    It's $2.78 here. Was $2.88 Saturday
    the Minions
  • g under p
    g under p Surfing The far side of THE Sombrero Galaxy Posts: 18,237
    Strangest Tribe wrote:
    It's $2.78 here. Was $2.88 Saturday

    WOW! $2.78 that is unheard of for me. I hope it gets down to that around here. Thanks for that can anybody else out there BEAT THAT.

    Peace
    *We CAN bomb the World to pieces, but we CAN'T bomb it into PEACE*...Michael Franti

    *MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
    .....song_Music & Politics....Michael Franti

    *The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)


  • Commy
    Commy Posts: 4,984
    gas prices are arbitrary, I think....anyway as a general trend prices go up in the summer and down in the winter. This has been kind of a crazy year but things might be getting back to normal somewhat.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    MrSmith wrote:
    economy is crshing so there is less demand. or so they say.

    i'm loving this recession thing so far.

    Gas price is dropping due to collusion by our "masters" in order to drive the middle east economy in to the ground (countries like Iran are dependent upon oil prices for their revenue streams) and also in order reduce the effects of inflation against the dollar ... because oil is now primarly a EURO priced asset (thanks to OPEC nations fleeing AWAY from the dollar TOWARDS the euro) ... large institutions colluding to reduce the price of oil causes nations like russia and china to convert LESS dollars to EUROS and thus, lowers the inflationary pressure on the dollar ... becuase less dollars exchanged for euros means the price of the dollar versus the euro is better.

    Lindsay Williams was right, his sources just gave him a half truth.
    Oil will most likely go to 50 a barrel now. Morgan Stanley is even predicting it, "$50 a barrell oil a possibility, Morgan Stanley predicts" says CNBC. Wow, shocker. Thank you Alex Jones for letting us know a good 2 months before it happened ... while oil was still $150 a barrel, no less!

    :D:D:D
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • Pacomc79
    Pacomc79 Posts: 9,404
    I wonder if it has anything to do with stock buybacks?

    OPEC will probably cut production soon though anyway.
    My Girlfriend said to me..."How many guitars do you need?" and I replied...."How many pairs of shoes do you need?" She got really quiet.
  • iamica
    iamica Chicago Posts: 2,628
    1. It's right before the election.
    2. It's after Labor Day.
    Chicago 2000 : Chicago 2003 : Chicago 2006 : Summerfest 2006 : Lollapalooza 2007 : Chicago 2009 : Noblesville (Indy) 2010 : PJ20 (East Troy) 2011 : Wrigley Field 2013 : Milwaukee (Yield) 2014 : Wrigley Field 2016
  • saveuplife
    saveuplife Posts: 1,173
    1. Dollar has risen dramatically, which makes a barrell of oil cheaper in the states.

    2. Demand has declined... which happens every Autumn, after the busy Summer driving season has ended.... but is also occurring as GDP (Output) plummets in the U.S. and the WORLD (YES, this includes China, India, ect.)
  • monkeywish
    monkeywish Posts: 79
    It was 3.13 here 2 days ago.
    "I wish I was the souvenir you kept your house key on"

    6/11/08 West Palm
  • g under p
    g under p Surfing The far side of THE Sombrero Galaxy Posts: 18,237
    This morning going past that same gas station from last night $3.01 down from $3.05 something different when I go past it this evening.

    Peace
    *We CAN bomb the World to pieces, but we CAN'T bomb it into PEACE*...Michael Franti

    *MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
    .....song_Music & Politics....Michael Franti

    *The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)


  • OffHeGoes29
    OffHeGoes29 Posts: 1,240
    2.99 in CT
    BRING BACK THE WHALE
  • Strangest Tribe
    Strangest Tribe Posts: 2,502
    $2.75 today

    http://s198.photobucket.com/albums/aa42/cardhawks/?action=view&current=IMG_0569.jpg
    the Minions
  • Uncle Leo
    Uncle Leo Posts: 1,059
    Strangest Tribe wrote:
    $2.75 today

    http://s198.photobucket.com/albums/aa42/cardhawks/?action=view&current=IMG_0569.jpg

    But king sized candy bars have gone way up!
    I cannot come up with a new sig till I get this egg off my face.
  • Solat13
    Solat13 Posts: 6,996
    I filled up at 2.72 last night in South Jersey.
    - Busted down the pretext
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  • mookeywrench
    mookeywrench Posts: 6,081
    we're still at 3.40 in Seattle.

    Kind of annoying that the price of oil is at a 13-14 month low, but gas prices are still higher than what they were a year ago.
  • Solat13
    Solat13 Posts: 6,996
    mookeywrench wrote:
    we're still at 3.40 in Seattle.

    Kind of annoying that the price of oil is at a 13-14 month low, but gas prices are still higher than what they were a year ago.

    It's because the current price is for oil futures. The price today in theory should be reflected in 4-5 weeks at the pump. The price today is for deliveries of November oil.
    - Busted down the pretext
    - 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
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