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Old 04-23-2007, 09:40 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.

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Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 05-05-2011, 02:05 PM   #2746
InChiefsHell InChiefsHell is offline
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where are you guys getting the numbers from, and how come it's not being mentioned AT ALL on the news? Is this less of a big deal than it seems?
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Old 05-05-2011, 02:06 PM   #2747
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Originally Posted by InChiefsHell View Post
where are you guys getting the numbers from, and how come it's not being mentioned AT ALL on the news? Is this less of a big deal than it seems?
Good news is not news.
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Old 05-05-2011, 02:15 PM   #2748
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Hahahaha...**** you Donger. See you in the soup line!
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Old 05-05-2011, 02:17 PM   #2749
BigMeatballDave BigMeatballDave is offline
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Originally Posted by InChiefsHell View Post
where are you guys getting the numbers from, and how come it's not being mentioned AT ALL on the news? Is this less of a big deal than it seems?
FOX Business news
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Old 05-05-2011, 02:22 PM   #2750
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http://money.cnn.com/2011/05/05/mark...n=money_latest

NEW YORK (CNNMoney) -- Oil prices plunged more than 8% Thursday as weak economic data and a strengthening dollar drove crude to its biggest one-day drop since April 2009.

The main U.S. oil contract for June delivery settled down $9.44, or 8.6%, to $99.80 a barrel. That's its lowest level since mid-March and marks its biggest one-day percentage drop in two years. Brent crude, the European benchmark, fell $10.73 to $110.46 a barrel.

The broad underlying fear is that the U.S. economy is slowing down, and traders have a slew of data to back that theory.

On Thursday, a government report showed the number of people filing first-time unemployment claims surged to 474,000 in the latest week -- its highest total in 8 months. That means less demand for oil products because if you don't have a job, chances are you're trying conserve on gas and other energy costs.

In fact, a government report released Wednesday indicated Americans are consuming less gasoline due to sky-high prices.

Adding to the selling pressure was a strengthening U.S. dollar. The greenback gained 1.5% against the euro after the European Central Bank president Jean-Claude Trichet left Europe's interest rates alone and said they weren't likely to change in the near term, despite inflationary pressures.

That sent the dollar soaring and a stronger dollar tends to drive down crude prices because oil and other commodities are priced in the U.S. currency.

Track commodities

"It's like the commodity bubble burst," Daniel Flynn, an energy trader at PFG Best said. "We knew it was going to happen, but didn't know it would be this fast and furious."

The drop has been dramatic. Crude opened the week at $113.89 a barrel, and has declined in each trading session, for an aggregate loss of around 10% in just four days.

"This entire week has been absolutely crazy," Flynn said.
6 apps to save you money on gas

And it's not over yet. On Friday, the government will release its monthly report on jobs. A weak number there has the potential to drive prices down even further.

The drop hasn't translated into lower gasoline prices though. The national average price for a gallon of gasoline rose for the forty-fourth straight day to $3.985 on Thursday, according to motorist group AAA.

Lower crude prices usually translate into lower gasoline prices, but the effect is delayed. To top of page

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Kinda of like conserving food by killing a survivor.
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Old 05-05-2011, 02:27 PM   #2751
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It's funny how as soon as the prices go up, the gas stations raise it immediately. But when it goes down, it takes forever to get to the gas stations.
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Old 05-05-2011, 03:09 PM   #2752
Donger Donger is offline
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Hahahaha...**** you Donger. See you in the soup line!
I'm just giving you guys a little break for a while. I put it back in your anus when I feel like it.
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Old 05-05-2011, 03:11 PM   #2753
Donger Donger is offline
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Originally Posted by InChiefsHell View Post
where are you guys getting the numbers from, and how come it's not being mentioned AT ALL on the news? Is this less of a big deal than it seems?
The market.
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Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
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Old 05-05-2011, 03:12 PM   #2754
KILLER_CLOWN KILLER_CLOWN is offline
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WOW so happy to see this, let's see if it keeps falling.
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Old 05-05-2011, 03:12 PM   #2755
Donger Donger is offline
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Quote:
Originally Posted by Spott View Post
It's funny how as soon as the prices go up, the gas stations raise it immediately. But when it goes down, it takes forever to get to the gas stations.
This has been answered many times in this thread.
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Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
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Old 05-05-2011, 03:14 PM   #2756
Donger Donger is offline
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So, I think we could easily see a drop down to the $90 range over the next few weeks. But, we also have summer coming up.

That's my guess.
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Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
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Old 05-05-2011, 03:18 PM   #2757
KILLER_CLOWN KILLER_CLOWN is offline
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Just the calm before the storm eh?
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"If the people let government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under tyranny." - Thomas Jefferson
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KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.
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Old 05-05-2011, 03:20 PM   #2758
Donger Donger is offline
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Just the calm before the storm eh?
I don't share your apocalyptic vision. Sorry.
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Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
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Old 05-05-2011, 03:25 PM   #2759
KILLER_CLOWN KILLER_CLOWN is offline
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I don't share your apocalyptic vision. Sorry.
Not my vision, just someone who is correct most of the time.
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"If the people let government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under tyranny." - Thomas Jefferson
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Old 05-05-2011, 03:29 PM   #2760
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This has been answered many times in this thread.
Answer or quote it again.
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