Gas Prices
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Surfing The far side of THE Sombrero Galaxy Posts: 18,200
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
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)
*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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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.
~D.K.S.
i'm loving this recession thing so far.
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
*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)
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
*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)
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!
If I opened it now would you not understand?
OPEC will probably cut production soon though anyway.
2. It's after Labor Day.
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.)
6/11/08 West Palm
Peace
*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)
http://s198.photobucket.com/albums/aa42/cardhawks/?action=view¤t=IMG_0569.jpg
But king sized candy bars have gone way up!
- 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
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.
- 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
$2.63 that would be awesome to see that in DC
Peace
*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)
Demand is down and supplies are up but drivers won't be clogging the highways.
By Ronald D. White
Los Angeles Times Staff Writer
October 15, 2008
Pump prices took a record-setting weekly nose dive, the Energy Department said Tuesday, as oil costs and fuel consumption slumped while gasoline supplies returned to normal around much of the nation.
Analysts say that more price relief probably is on the way but not for the best of reasons: The stumbling U.S. economy is putting the brakes on fuel use.
Although Americans are spending less on average for gasoline than they have since late February, they also are feeling that they have less to spend because of damaged investment portfolios and higher prices for many other items. Add weak consumer confidence, and experts don't expect motorists to start piling on mileage again.
"We will continue to see lower prices, but the sad thing is that this is like losing weight from a parasitic ailment," said Tom Kloza, chief oil analyst for the Oil Price Information Service in New Jersey. The declines were not enough for behavior modification, he added.
"People aren't going to decide to drive to the Grand Canyon or decide to go out and buy a 3-ton vehicle instead of a 2-ton because of this," Kloza said.
The U.S. average price for a gallon of self-serve regular gasoline hit $3.151 on Monday, down a record 33.3 cents, or 9.6%, from the previous Monday, according to the Energy Department's weekly survey of service stations. The survey results were released a day late this week because of the Columbus Day holiday.
Hurricanes figured prominently in both the old and new gasoline decline records.
This season's hurricanes Gustav and Ike set off a surge as precautionary shutdowns of refineries and oil rigs reduced supplies and kicked prices briefly to $4.50 and higher in some parts of the Southeast.
The old one-week record came after Hurricane Katrina hit the Gulf Coast in 2005. Once some of the severely damaged gulf petroleum facilities began to resume operations, the U.S. average fell 16.9 cents, or 5.7%, during the week of Sept. 19, 2005, said Doug McIntyre, a senior market analyst with the Energy Department's Energy Information Administration.
In California, where supplies were relatively unaffected by Ike, the average price fell 13.1 cents to $3.470 a gallon on Monday. Even with the large decreases around the nation, prices remain substantially above the averages of a year earlier: 41.7 cents higher in California and 38.9 cents higher nationally.
One of those who said she wasn't about to return to her old driving habits despite recent price drops is USC mathematics professor Kimra Haskell, who began riding her bike between her Eagle Rock home and the USC campus during the previous school year.
After riding very little over the summer, Haskell is back to peddling several times a week and feeling great about her decision.
"Most times I'll ride all the way to campus and then ride part of the way back home and then hop on a train or a bus for the rest of the way. It's totally awesome that I have that option," said Haskell, who added that she has reduced the annual mileage she puts on her car to about 6,000 miles from 10,000.
"I'm absolutely not going back to driving full time. The air can be pretty bad, but I've never felt more fit," said Haskell, who attributed part of her decision to wanting to make a statement about reducing dependence on foreign oil.
"I feel like it's a moral and economic imperative to do this," she said.
At the New York Mercantile Exchange on Monday, crude oil for November delivery declined $2.56 to $78.63 a barrel, and some analysts said it had further to fall. Oil is down more than 40% from its peak above $147 in July.
"I'm still bearish," said Phil Flynn, vice president and senior market analyst for the Alaron trading company in Chicago. "There are significant problems on the demand side. China and India and the Middle East are not going to see as much economic growth as people thought a few months ago. In the U.S., we've had a real shock to the system. We are not going to see a rapid rebound in oil demand."
Fadel Gheit, senior energy analyst for Oppenheimer & Co., predicted that oil would land somewhere between $50 and $75 a barrel by early next year.
"No one is talking about $200 oil anymore," he said.
http://www.latimes.com/business/la-fi-gas15-2008oct15,0,2136272,print.story
All told went from 3.20's before bailout to this today. Kinda expected to go up a tick with OPEC announcing cuts in production the other day. and with the surge in the DOW.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Peace
*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)
~D.K.S.
We are at 3.49 for unleaded here in the Coastal Hills and I have heard that unleaded is going for 2.99 a gallon down in Calistoga/Napa Valley...
I heard from one of those other sites I read, that gas will continue to fall in price until after the retail season and then rise after the new year.
a derivitive of nature.
nature is god
god is love
love is light
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14