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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 11-12-2008, 07:53 AM   #1351
InChiefsHell InChiefsHell is offline
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I suppose I can't blame them for trying to take advantage of this opportunity to dump inventory, but anyone who buys one thinking that gas is going to stay this low is a sucker.
Yeah, but if you need a truck, now is the time. 10K off the sticker more than makes up for the pain at the pump, it would take the life of the loan for gas prices to catch up to those savings.

But people need to keep their consumption low for prices to stay this way for long.
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Old 11-12-2008, 08:39 AM   #1352
Sam Hall Sam Hall is offline
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I don't think the analysts know what's going to happen. They keep saying oil will bottom out at a certain price, but it hasn't. Someone in today's article said oil could reach $45 early next year.
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Old 11-12-2008, 09:00 AM   #1353
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Quote:
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I don't think the analysts know what's going to happen. They keep saying oil will bottom out at a certain price, but it hasn't. Someone in today's article said oil could reach $45 early next year.
Since we are likely in a global recession (perhaps a severe one), no, no one knows. It will be interesting to see what happens when demand picks back up in the spring.
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Old 11-12-2008, 12:04 PM   #1354
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Crude trading down 4.18% today @ $56.85
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Old 11-12-2008, 12:08 PM   #1355
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Old 11-12-2008, 12:42 PM   #1356
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I read today that scientists are starting to cut back their hours researching and Development time for hybrid and electric cars and starting to work on larger horsepower displacement.
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Old 11-12-2008, 03:24 PM   #1357
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I think it's odd how two stations, that aren't even one mile apart, can have a $.10 price difference. I've seen that everywhere.
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Old 11-12-2008, 03:29 PM   #1358
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I think it's odd how two stations, that aren't even one mile apart, can have a $.10 price difference. I've seen that everywhere.
I read somewhere, that it depends on what else is on the site.

In other words, if it is a garage/service station, they can afford to keep their prices slightly higher because it is not their only revenue stream. However, I am not positive about the legitimacy of that.

You would think as sensitive as people are to gas prices, they would seek out the cheapest gas they could get. But I suppose that the theory makes sense.
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Old 11-12-2008, 03:51 PM   #1359
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Quote:
Originally Posted by Sam Hall View Post
I think it's odd how two stations, that aren't even one mile apart, can have a $.10 price difference. I've seen that everywhere.
I have two gasoline stations near me. The closer one is always at least $0.20 higher than the one about two miles down the road. That one is closer to the highway, hence the lower price.

If there isn't another station nearby, they'll charge more. Look at prices at stations near airports. They are always higher than others in town.
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Old 11-12-2008, 03:54 PM   #1360
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Old 11-12-2008, 04:10 PM   #1361
Sam Hall Sam Hall is offline
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Originally Posted by GoDonger View Post
I have two gasoline stations near me. The closer one is always at least $0.20 higher than the one about two miles down the road. That one is closer to the highway, hence the lower price.

If there isn't another station nearby, they'll charge more. Look at prices at stations near airports. They are always higher than others in town.
What about two stations that are across the highway from each other?
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Old 11-12-2008, 04:20 PM   #1362
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Quote:
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What about two stations that are across the highway from each other?
Just having a little price war, trying to draw people in.
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Old 11-12-2008, 04:21 PM   #1363
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It was $1.83 here during lunch. Weird. I've seen a lot of prices listed that are lower, and we're usually one of the cheapest places.
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Old 11-12-2008, 04:33 PM   #1364
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We are still stuck at 1.99 here.
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Old 11-12-2008, 06:13 PM   #1365
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This happened last year, too... I read an article a few weeks ago saying the perfect strategy would be to keep the price of oil high for 4 years, and then lower it in the 5th year so the research for alternative fuels would die down and people would forget about the high prices. Apparently something similar happened in the early 80s.

So, after reading the following article, my question is why spend an entire year at lower prices? Are we seriously this f***ing stupid? I get 25mpg on a good day and I'm starting to think Europe has it right... tax gas until the automakers stop making them...

http://www.wsoctv.com/automotive/17945476/detail.html#-

Falling Gas Prices Jump-Start GM SUV Sales
Automaker Puts Texas Plant On Overtime Amid Other Closures

Monday, November 10, 2008
Despite the down economy, falling gas prices have driven consumers back to the sport utility vehicles they once gave the cold shoulder.

Workers at General Motor's Arlington, Texas, SUV assembly plant began working overtime this month and are scheduled to remain on overtime for the rest of the year.

The plant, which employs 2,500 workers, is now the only GM factory building full-size sport utility vehicles like the Chevrolet Tahoe, GMC Yukon and Cadillac Escalade.

Although sales of the vehicles are still down overall, they have rebounded in recent weeks as gas prices have fallen and cash-strapped automakers have slashed prices. The vehicles have proven to be a solid source of revenue for GM.

"We're still on overtime," plant spokeswoman Wendi Sabo told The Dallas Morning News. "Nothing has changed."

GM is also placing a high-stakes bet on its SUV line overseas, opening a new $300 million plant Friday near St. Petersburg, Russia.

The plant will produce GM SUVS, the Chevrolet Captiva and Opel Antara, which have become status symbols in Russia, reported Edmunds.com.

Chevrolet is the sales champion in Russia, with 190,553 cars sold last year alone, allowing GM to claim a 10.9 percent market share there. Likewise, Opel is in Russia's top 10 in sales, recording a whopping 238 percent sales growth in 2007, according to GM figures.
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