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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.

Spoiler!

Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 07-31-2008, 10:50 AM   #856
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Quote:
Originally Posted by InChiefsHell View Post
How come gas prices are dropping (for now) yet diesel is not dropping at all? Seems they should both be going down at the same rate no? Only thing I can think is the supply...consumers are using less gasoline, but truck drivers are not because they still make the same deliveries as before...?
Diesel has dropped, too. National retail is $4.60, a decline of $0.11
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Old 08-08-2008, 09:41 AM   #857
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$3.838 national retail average. Crude looking to go below $117.
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Old 08-08-2008, 10:15 AM   #858
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Old 08-08-2008, 10:17 AM   #859
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Old 08-08-2008, 10:20 AM   #860
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Vote democrat for even higher fuel prices. Garaunteed.
Haha, you are a moron, and a complete tool.
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Old 08-08-2008, 11:08 AM   #861
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Last edited by Dayze; 08-08-2008 at 11:16 AM..
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Old 08-08-2008, 11:13 AM   #862
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Old 08-08-2008, 11:33 AM   #863
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Dang, crude down 3.07% at $116.33
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Old 08-08-2008, 11:38 AM   #864
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Quote:
Originally Posted by Donger View Post
Dang, crude down 3.07% at $116.33
At what point to we see sub $3 gas, $100?
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Old 08-08-2008, 11:40 AM   #865
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Quote:
Originally Posted by Donger View Post
Dang, crude down 3.07% at $116.33



Donger, what do you think are the causes of the falling prices? If the high prices were caused by supply and demand, is the demand now that much lower? Supplies that much higher?
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Old 08-08-2008, 11:50 AM   #866
Donger Donger is offline
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Quote:
Originally Posted by BigCatDaddy View Post
At what point to we see sub $3 gas, $100?
Closer to $90.
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Old 08-08-2008, 11:53 AM   #867
Donger Donger is offline
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Quote:
Originally Posted by RJ View Post
Donger, what do you think are the causes of the falling prices? If the high prices were caused by supply and demand, is the demand now that much lower? Supplies that much higher?
Lots of things, IMO.

The dollar is gaining strength.
Demand is decreasing here.
Etc.

Just a hunch, but I think that folks are starting to realize that crude was way overvalued at $140+ and that the bubble may have begun to burst.
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Old 08-08-2008, 12:45 PM   #868
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Quote:
Originally Posted by Donger View Post
Lots of things, IMO.

The dollar is gaining strength.
Demand is decreasing here.
Etc.

Just a hunch, but I think that folks are starting to realize that crude was way overvalued at $140+ and that the bubble may have begun to burst.
I agree with this. People just quit driving as much, and when they had to, they used the most efficient vehicle that they have in their garage, planned their trips etc.

That, the fear of our economy lessening demand further scared the speculators. Very real grounding of Jets, quantifiable numbers that showed the driving was less, and the market turned bearish.

That, and the fact that oil has become a serious issue on the Hill, has spooked the market for oil temporarily.
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Old 08-08-2008, 03:08 PM   #869
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It's funny - I drive between KC and Des Moines every day. The price of unleaded is almost .25 cheaper in Des Moines, while the prices of diesel is about .25 cheaper in KC. Anyone got an explanation of that?
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Old 08-08-2008, 03:59 PM   #870
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It's funny - I drive between KC and Des Moines every day. The price of unleaded is almost .25 cheaper in Des Moines, while the prices of diesel is about .25 cheaper in KC. Anyone got an explanation of that?
Taxes, I would assume.
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