Gasoline Prices

Subtle · Post by **Subtle** » Thu Oct 05, 2006 2:18 pm

From a liitle over US $3.00 in July the average price has dropped to 2.31.

free5ty1e · Post by **free5ty1e** » Thu Oct 05, 2006 3:10 pm

...just in time for November

Gee how convenient.

I guess they need something to try and cancel out the Foley scandal

Brat4by4 · Post by **Brat4by4** » Thu Oct 05, 2006 3:46 pm

And our prices in Ohio are over 30 cents lower than the national average. Something something swing-state something...

Its $1.97 right across the street from me right now.

free5ty1e · Post by **free5ty1e** » Thu Oct 05, 2006 3:56 pm

Yeah actually since this is a red district, I'm not surprised to see that the lowered gas prices haven't really reached me yet. Here in Elko I'm still paying 2.89 for premium.

Splinter · Post by **Splinter** » Thu Oct 05, 2006 4:08 pm

Its 3.384 USD/Gallon up here in Canadia

Subtle · Post by **Subtle** » Thu Oct 05, 2006 5:11 pm

Gasoline prices trade up and down with crude oil, which usually suffers a seasonal slump down to late December.

It's very over sold now and will likely rally a bit.

It is interesting that no matter which way crude moves it can always be explained as a conspiracy

free5ty1e · Post by **free5ty1e** » Thu Oct 05, 2006 9:34 pm

thats cause it always is

Bheinen74 · Post by **Bheinen74** » Thu Oct 05, 2006 9:46 pm

and here in Iowa, the prices have been under the 1.97 mark for 3-4 weeks. We have the Caucuses in Iowa.......its all political...really. Supply and demand, and political. Wait til after november, back to 3.00 plus it goes for sure.

azn2nr · Post by **azn2nr** » Thu Oct 05, 2006 9:50 pm

3rd highest over here. its gonna be weird going into las vegas and paying less for gas. it just shows the political aspect. utah is staunchly republican. therefore our gas is high

Murphy · Post by **Murphy** » Thu Oct 05, 2006 11:34 pm

here and in most places in Kentucky its at or under $2.00, i dont know about Lousiville though and i will see about Lexington this weekend

Innovative Tuning · Post by **Innovative Tuning** » Thu Oct 05, 2006 11:57 pm

Still more than methanol.

Tleg93 · Post by **Tleg93** » Fri Oct 06, 2006 2:36 am

Just another reason I think we should make it more of an election issue for local politicians, senators and representatives, that way we could always have low gas prices, or at least as low as they can be. Maybe we could create a presidential trigger; you get fired if energy issues aren't resolved immediately. I figure we might as well because they use it as a tool against us, raising prices to create uncertainty; lowering them to create stability.

Richard · Post by **Richard** » Fri Oct 06, 2006 4:14 am

And OPEC and other oil producers have nothing to do with it. Supply's not up. Demand's not down. It's that damn dial-o-price knob under Cheney's desk that's causing all of this.

I made the kewl-aid. Who wants some?

Richard · Post by **Richard** » Fri Oct 06, 2006 3:01 pm

http://www.slate.com/id/2150903/?GT1=8702

free5ty1e · Post by **free5ty1e** » Fri Oct 06, 2006 4:15 pm

No, I totally forgot Richard, you're right. Bush and Cheney don't have or have never had anything to do with oil. They're not oil guys.

Of course, there is the argument that Bush is too much of a retard to control this sort of thing, which I find feasible, but Cheney's an evil bastard.

Subtle · Post by **Subtle** » Fri Oct 06, 2006 5:03 pm

Crude oil soared to 79 in July. The reasons given that the price would continue to soar to 100 were "a really good hurricane season", a booming US economy and the notion that the Federal Reserve would continue to depreciate the US dollar.

No hurricanes, the economy is slowing and the dollar index has increased from 84.5 to 86,5.

Crude has plunged from 79 to 57.5, with inventories increasing to the point that OPEC is talking about cutting production to increase prices.

Hurricanes, the dollar and a business slowdown are at the beck and call of Bush and Cheney?

Anyone who believes this --give me a call--I have a bridge for sale.

azn2nr · Post by **azn2nr** » Fri Oct 06, 2006 8:45 pm

still havent explained why im still paying 2.69, 3rd highest in the nation when chevron has a refinery 2 miles from down town salt lake????

Tleg93 · Post by **Tleg93** » Fri Oct 06, 2006 9:07 pm

See also - Abramoff scandal and realize that it's only the tip of the iceberg...which is melting fast. I was really only joking around but when you consider that the Bush family has had ties with the Saudis for decades it should at least make you wonder if things are what they seem. I've also read about Kerry and his oil wealth, the Bushes and all the rest. There's a lot going on that we don't and never will know.

Subtle · Post by **Subtle** » Fri Oct 06, 2006 9:18 pm

Oh--gasoline prices follow crude prices up and down.

A problem specific to gasoline is that refiners have been prevented from materially expanding capacity by the usual political pressures.

Too many people demand cheaper gas, but are only too willing to constrain expansion of the industry by resisting additional exploration or refining capacity.

A more general problem is that during a business boom everybody makes more money -- but things cost more.

Then during a recession things cost less---but people are earning less money.

Taint fair isn't it.

Tleg93 · Post by **Tleg93** » Fri Oct 06, 2006 9:28 pm

I've had some friends get all huffy about the whole supply-demand concept. They think that if there's huge demand that the price should go down because they're selling more. They just don't see the supply side of things.

Manarius · Post by **Manarius** » Sat Oct 07, 2006 11:36 pm

I can show you the graphs. The difference between demand and "quantity demanded" is very very different. If overall demand goes up, then price goes up.

Subtle · Post by **Subtle** » Sun Oct 08, 2006 6:38 pm

Gasoline Price Chart www.safehaven.com/article-6945.htm

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Gasoline Prices

Gasoline Prices