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Old 04-23-2007, 08:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

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Old 02-17-2009, 07:35 PM   #1681
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Quote:
Originally Posted by jiveturkey View Post
It seems like gas prices have been steadily going up for the last month or so though.
About $0.10 over the last month. The freefall that crude took last year made the retail price get a little kooky. Retailers actually lowered their prices to much and too fast. That's stabilized now.
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Old 02-17-2009, 07:36 PM   #1682
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Quote:
Originally Posted by Donger View Post
Historically, demand increases when spring rolls around and crude (and gasoline) rises in unison. I would be surprised if demand doesn't increase. However, I would guess that compared to previous years' increases, this year will be less.
No goofiness on the micro level, though? I was getting that gist from your previous post.

Perhaps I misread?
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Old 02-17-2009, 07:39 PM   #1683
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Quote:
Originally Posted by Donger View Post
Historically, demand increases when spring rolls around and crude (and gasoline) rises in unison. I would be surprised if demand doesn't increase. However, I would guess that compared to previous years' increases, this year will be less.
[JOKE}I'm not an economist by trade, but I did take a class at Community College, so I AM an expert [/JOKE]:-)

I don't see gas going down. I'm no economist, but the amount of oil that actually gets made into unleaded fuel isn't as much as you'd think. Fuel I hate to say, with the amount of cars on the road, will always have a certain base level of demand. When oil goes down, its not being based so much on cars driving less (though this is some) as much as other things.

One thing you'll notice is that Diesel has dropped more than unleaded, and are now almost the same price. This, IMO is kinda what I'm talking about. Construction has stopped, and a lot of big machines that use diesel aren't in as high demand as they were.

Oil has many factors that make it drop, Unleaded fuel demand is only one. Even though fuel is staying even, its one of the few aspects that is. Other factors are what's causing the decline.
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Old 02-17-2009, 07:44 PM   #1684
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Quote:
Originally Posted by DeezNutz View Post
No goofiness on the micro level, though? I was getting that gist from your previous post.

Perhaps I misread?
I wrote that it will be fun (for me anyway) to watch because of a few things:

1) The recession. It should place a damper on the demand increase typically seen in the Spring.

2) If demand does jump, how high will crude climb? I would guess to around $50.00 or $60.00, which is where it should have been last year.

3) What is the trigger point for the oil companies to begin serious E&P again? If crude doesn't hit that magic number and stay there, they won't. If demand goes back up to high levels and they aren't looking for new crude supplies, well...
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Old 02-17-2009, 07:52 PM   #1685
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Quote:
Originally Posted by The Buddha View Post
[JOKE}I'm not an economist by trade, but I did take a class at Community College, so I AM an expert [/JOKE]:-)

I don't see gas going down. I'm no economist, but the amount of oil that actually gets made into unleaded fuel isn't as much as you'd think. Fuel I hate to say, with the amount of cars on the road, will always have a certain base level of demand. When oil goes down, its not being based so much on cars driving less (though this is some) as much as other things.

One thing you'll notice is that Diesel has dropped more than unleaded, and are now almost the same price. This, IMO is kinda what I'm talking about. Construction has stopped, and a lot of big machines that use diesel aren't in as high demand as they were.

Oil has many factors that make it drop, Unleaded fuel demand is only one. Even though fuel is staying even, its one of the few aspects that is. Other factors are what's causing the decline.
You get about 27 gallons of gasoline and diesel from a 42-gallon barrel of crude.
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Old 02-17-2009, 08:12 PM   #1686
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Gas had better stay low, I'm about to buy a truck with a V-8 and I don't want to have to park the ****ing thing all summer.
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Old 02-17-2009, 08:28 PM   #1687
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Quote:
Originally Posted by Donger View Post
I wrote that it will be fun (for me anyway) to watch because of a few things:

1) The recession. It should place a damper on the demand increase typically seen in the Spring.

2) If demand does jump, how high will crude climb? I would guess to around $50.00 or $60.00, which is where it should have been last year.

3) What is the trigger point for the oil companies to begin serious E&P again? If crude doesn't hit that magic number and stay there, they won't. If demand goes back up to high levels and they aren't looking for new crude supplies, well...
Thanks. This is what I was wondering about.

I'm interested in point three, too.
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Last edited by DeezNutz; 02-17-2009 at 09:28 PM.. Reason: Sentences tend to work better with verbs.
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Old 02-17-2009, 09:09 PM   #1688
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I miss the days of $1.30 gas.
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Old 02-17-2009, 09:48 PM   #1689
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Gas had better stay low, I'm about to buy a truck with a V-8 and I don't want to have to park the ****ing thing all summer.
Then why buy it then? Are you not contributing to the demand by buying that gas hog?
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Old 02-17-2009, 10:40 PM   #1690
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Then why buy it then? Are you not contributing to the demand by buying that gas hog?
Blame HemiEd, he's the one who told me to get the V-8.
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Old 02-18-2009, 01:01 AM   #1691
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I will not bitch until it is over 2.00 at my neighbor hood gas station. I think it's at about 1.97 right now. Shouldn't take long and I'll be raising hell again.
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Old 02-18-2009, 04:20 AM   #1692
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Old 02-18-2009, 05:03 AM   #1693
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1.76 here.

I won't bitch again until it hits 2.25 which is probably about where it should be.
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Old 02-18-2009, 05:29 AM   #1694
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Old 02-18-2009, 05:37 AM   #1695
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I miss the days of $1.30 gas.
Soon, we will all be saying "I miss the days of $1.79" gas"
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