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Old 04-23-2007, 08:40 AM  
Donger Donger is offline
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Gasoline at $2.50 Coming to a Pump Near You, Unfazed by Falling Tab

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

Pretty alarmist, IMO, but possible.

Spoiler!
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Old 07-31-2015, 05:49 AM   #61
Bob Dole Bob Dole is offline
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2.25 Tuesday, 2.39 Wednesday, 2.22 Thursday. Nope...nothing strange going on here.
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Old 07-31-2015, 05:57 AM   #62
Donger Donger is offline
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Quote:
Originally Posted by DaneMcCloud View Post
Then I guess it's your job, on behalf of Big Oil and Big Energy, to convince Congress to create more refineries.



If I do, would you agree to ask him to increase his range? He's got about as much as a Daisy air rifle.
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Old 07-31-2015, 06:00 AM   #63
Donger Donger is offline
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Quote:
Originally Posted by kstater View Post
Donger, if we export, doesn't that lower supply and raise prices?
I wouldn't think so. The supply wouldn't go up or down. It is what it is. This would just allow for our increased crude supply to actually enter the global market.
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Old 08-03-2015, 07:29 AM   #64
Donger Donger is offline
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Crude having a good fall today so far. Down 2.08% to $46.14
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Old 08-03-2015, 08:07 AM   #65
notorious notorious is offline
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Adjusted for inflation, a gallon of gas today is cheaper then in 1985.
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Old 08-03-2015, 11:03 AM   #66
Donger Donger is offline
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Wow. Now down 3.29% at $45.57
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Old 08-03-2015, 11:05 AM   #67
DaneMcCloud DaneMcCloud is offline
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Quote:
Originally Posted by Donger View Post
Wow. Now down 3.29% at $45.57
It dropped to $3.59 this weekend at the Burbank Costco.

I didn't bother filling up because I assume, maybe incorrectly, that it'll continue to drop this week.
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Old 08-03-2015, 11:06 AM   #68
Donger Donger is offline
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Quote:
Originally Posted by DaneMcCloud View Post
It dropped to $3.59 this weekend at the Burbank Costco.

I didn't bother filling up because I assume, maybe incorrectly, that it'll continue to drop this week.
Keep in mind that it takes weeks for such a drop to hit the pumps.
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Old 08-03-2015, 11:11 AM   #69
RaiderH8r RaiderH8r is offline
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Originally Posted by Donger View Post
I wouldn't think so. The supply wouldn't go up or down. It is what it is. This would just allow for our increased crude supply to actually enter the global market.
Gasoline is more closely tied to Brent than WTI simply because gasoline, and other petroleum products, can be exported and are therefor more closely tied to global supply/demand dynamics.
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Old 08-03-2015, 11:14 AM   #70
Donger Donger is offline
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Quote:
Originally Posted by RaiderH8r View Post
Gasoline is more closely tied to Brent than WTI simply because gasoline, and other petroleum products, can be exported and are therefor more closely tied to global supply/demand dynamics.
Right, and with our WTI suddenly being capable of being exported, I don't see why gasoline prices would go up at all.
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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 08-03-2015, 11:34 AM   #71
Bowser Bowser is offline
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Quote:
Originally Posted by Donger View Post
Keep in mind that it takes weeks for such a drop to hit the pumps.
And yet when the inverse occurs it takes but hours to apply....
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Old 08-03-2015, 11:37 AM   #72
Donger Donger is offline
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Originally Posted by Bowser View Post
And yet when the inverse occurs it takes but hours to apply....
Yes, for reasons I've explained many times.
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Old 08-03-2015, 11:42 AM   #73
Valiant Valiant is offline
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Adjusted for inflation, a gallon of gas today is cheaper then in 1985.
Really? What about in the late 90s when I was paying low to mid 90 cents.
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Old 08-03-2015, 11:42 AM   #74
Bowser Bowser is offline
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Originally Posted by Donger View Post
Yes, for reasons I've explained many times.
....as you type it on your gold plated iPad from your yacht sailing between Aruba and the Caymans. THANKS FOR THE INSIGHT
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Old 08-03-2015, 11:45 AM   #75
Donger Donger is offline
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....as you type it on your gold plated iPad from your yacht sailing between Aruba and the Caymans. THANKS FOR THE INSIGHT
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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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