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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!

Last edited by Donger; 10-10-2014 at 01:43 PM..
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Old 06-23-2011, 11:24 AM   #2896
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Quote:
Originally Posted by Bowser View Post
I fully expect Donger to unleash more natural disasters in the face of falling crude prices.

It is funny how KC seems to be lagging behind in cheap(er) gas around the country. We used to be one of the cheapest places for gasoline, now it seems we're smack dab in the middle of the pack.
The national average is $3.69/gallon. KC is much lower than that.
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Old 06-23-2011, 11:26 AM   #2897
Bowser Bowser is offline
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Originally Posted by Donger View Post
The national average is $3.69/gallon. KC is much lower than that.
Fair enough. I guess I'm used to the very cheap prices, not the kinda cheap. I'm suprised that Pestilence is paying less than 4 in No Cal.
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Old 06-23-2011, 12:41 PM   #2898
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30m from the reserves is a drop in the bucket when the US is using 19m a day. That's a mere 1.5 days of supply. Just a political stunt, all it is.
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Old 06-23-2011, 01:16 PM   #2899
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Originally Posted by chasedude View Post
30m from the reserves is a drop in the bucket when the US is using 19m a day. That's a mere 1.5 days of supply. Just a political stunt, all it is.
We only import 10M a day so that is 3 days worth of oil!
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Old 06-23-2011, 02:49 PM   #2900
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Originally Posted by Bowser View Post
Fair enough. I guess I'm used to the very cheap prices, not the kinda cheap. I'm suprised that Pestilence is paying less than 4 in No Cal.
Here's a cool US gas price map for those who haven't seen it before...

http://www.gasbuddy.com/gb_gastemperaturemap.aspx

right-clicking on the map will give you the average price in that county
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Old 06-25-2011, 08:49 AM   #2901
InChiefsHell InChiefsHell is offline
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30 million barrels from us, 30 million barrels from the rest of the world...that's like what, 6 days worth of imported oil. CBS news said that this will take the speculators out of the game and lower gas prices for the summer driving season. But...gas prices were already going down. So was oil. The administration said it was because of Libya's oil not being on the market or some shit. Then they said this will lower gas prices 5-15 cents per gallon. I don't believe that for a minute, and it's not like that's a big change anyway. But, the administration said that further dipping into the oil reserves is still on the table.

This is a hail mary pass by the administration to try to keep the minions happy through the summer. Gas and oil was already going down, people don't drive as much. But the Pres needs to look like he's doing something about it, so he can take some credit for what was already happening.

...I thought the Strategic Oil Reserve was for you know...national emergencies. We released some after Katrina, and in 1991 during the first Gulf war. Libya does not seem to be on par with those.
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Old 06-28-2011, 01:38 AM   #2902
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I think crude is gonna creep down to 75-80 area and hover until late next winter then rise to around the 115 by next June.

I have no data to support this. Its just a hunch.
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Old 06-28-2011, 02:51 AM   #2903
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Old 06-28-2011, 02:55 AM   #2904
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Old 06-28-2011, 06:20 AM   #2905
Baconeater Baconeater is offline
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Quote:
Originally Posted by Jules Winnfield View Post
I think crude is gonna creep down to 75-80 area and hover until late next winter then rise to around the 115 by next June.

I have no data to support this. Its just a hunch.
Nah, next year is an election year.
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Old 06-28-2011, 09:13 AM   #2906
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Quote:
Originally Posted by InChiefsHell View Post
...I thought the Strategic Oil Reserve was for you know...national emergencies. We released some after Katrina, and in 1991 during the first Gulf war. Libya does not seem to be on par with those.
I wouldn’t classify it as an “emergency”, but we are occupying 3 countries at the moment.
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Old 06-28-2011, 09:15 AM   #2907
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Old 06-28-2011, 09:20 AM   #2908
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Old 06-28-2011, 11:13 AM   #2909
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not low enough
^
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Old 06-28-2011, 02:50 PM   #2910
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not low enough
A nice 2.5% jump in crude today. Just for you.
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