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  #46  
Old 10-05-2006, 05:13 PM
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GOT2HAVESVX GOT2HAVESVX is offline
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Quote:
Originally Posted by lhopp77
Any one with half a brain knows what factors bear on the price of gas and that the price is largely set by the oil futures trading on the WORLD market. Prices are not set by the government even though government annoucements and decisions can have a bearing on them.

For openers the futures traders are not driving the prices upward because of the world situation. The war between Israel/Lebanon appears to being resolved peacefully. The Iran issue has not heated up---sort of on low simmer at this point. The war in Iraq is largely a war between Islamic religious sects and is not threatening the world oil supply. The hurricane season has been a bust with no threat to gulf oil supplies or refining. The high price of oil has resulted in maximum worldwide oil drilling/pumping/exploration. (Some countries are having to wait as long as a year to get rigs for exploration/drilling) All of this impacts on the future traders bid prices for future oil production.

The results of this is that the worldwide price of oil has gone down over $22 per barrel over the last 2 months.

Closer to home in the US. The peak driving season is over with the start of school. The high price of gas has changed some peoples driving habits (read reduction). The sales of SUVs went down drastically further reducing real or potential gas usage. Refining capacity has recovered after Katrina/Rita and with the slow hurricane season supplies are excellent.

The pure economic forces results of all of this is that SUPPLY EXCEEDS DEMAND----AND as any idiot knows, whenever supply exceeds demand----PRICES GO DOWN.

Now what is it you do not understand about basic economics that needs further explanation???

If the positive forces improve in the future---prices will go down further. IF the market forces get worse---the price will go back up.

"It is economics, stupid---not politics." LGH

Lee
<p>
You are SOOO right. I'm glad to hear someone who knows whats going on right now too! Its amazing the people who ***** about things they dont really understand (I by no means understand everything but I can see a lot of stuff plainly!)
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  #47  
Old 10-05-2006, 06:51 PM
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Passing Gas!!

Quote:
Originally Posted by Electrophil
Sulfurz!!!!

Iz smelz da SULFURZ!!!!
It does not surprise me-----you are just full of it and passing gas as usual!!!! Just keep it your way.

Lee
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  #48  
Old 10-16-2006, 09:24 AM
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bump!

denver's finally caught up with teh crazy low gas prices. on saturday i saw a station selling 85 octane for the low, low price of $2.079 per gallon. i am expecting to refuel this evening for $2.109.
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  #49  
Old 10-16-2006, 10:00 AM
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  #50  
Old 10-16-2006, 12:26 PM
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last time I stopped I got 1.90 for our regular which seems to be a bit higher in octane that i have heard. Our regular is 89pt. octane

tom,
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  #51  
Old 10-16-2006, 02:19 PM
dcarrb dcarrb is offline
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Cheapest regular (87 octane) around here on hold @ $2.119 for several days now; most stations are getting $2.23. I'm sure it can be had for <$2 on Atlanta's southside.

dcb
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  #52  
Old 10-16-2006, 02:51 PM
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It stays at 2.18 regular for a while and today it drops a penny more...

When I travelled, I always saw the gas prices in VA and NJ are cheaper than WV...
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  #53  
Old 10-17-2006, 02:48 PM
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Eh, Jersey has that crappy-ass 10% Ethanol crap that makes you get bad gas mileage.

Gas prices are going down because the president and his commie buddies in the white house are trying to minimize their losses in the coming election. They're going to lose Santorum no matter what, they're just trying not to lose any more valuable seats.
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  #54  
Old 10-17-2006, 03:35 PM
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Free Market

Quote:
Originally Posted by Manarius
Eh, Jersey has that crappy-ass 10% Ethanol crap that makes you get bad gas mileage.

Gas prices are going down because the president and his commie buddies in the white house are trying to minimize their losses in the coming election. They're going to lose Santorum no matter what, they're just trying not to lose any more valuable seats.
I love idiots that have no knowledge of how the free market works or how the price of oil gets set.
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  #55  
Old 10-17-2006, 04:27 PM
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Quote:
Originally Posted by lhopp77
I love idiots that have no knowledge of how the free market works or how the price of oil gets set.
You really think I don't know the economics? I'll graph it for you if I must. However, graphs do NOT take into account the political pressure one country can put upon another to affect the shifting of the supply curve.
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silver BBS rims, custom power steering cooler (one that doesn't dump ATF constantly), new negative lead cable, no more third or fourth gear
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  #56  
Old 10-17-2006, 04:35 PM
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Quote:
Originally Posted by Manarius
You really think I don't know the economics? I'll graph it for you if I must. However, graphs do NOT take into account the political pressure one country can put upon another to affect the shifting of the supply curve.
If its political then why dont arab countries raise oil prices right now? They can do what they want, oil is completely elastic. they sure as hell would rather have a democrat in office so they can do whatever it is they want to do.
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Last edited by Phast SVX; 10-17-2006 at 04:42 PM.
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  #57  
Old 10-17-2006, 06:56 PM
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Really???

Quote:
Originally Posted by Manarius
You really think I don't know the economics? I'll graph it for you if I must. However, graphs do NOT take into account the political pressure one country can put upon another to affect the shifting of the supply curve.
And just which country or countries do you erroneously think might be receiving "political pressures"????? And of course give us a little reason to believe that they might be receiving this pressure for political reasons. This should be interesting.

Lee
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  #58  
Old 10-17-2006, 09:38 PM
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Quote:
Originally Posted by TomsSVX
last time I stopped I got 1.90 for our regular which seems to be a bit higher in octane that i have heard. Our regular is 89pt. octane

tom,

Our regular here is 87 octane, midgrade is 89 and premium is 92. And today I was pleased to see 92 selling for $2.89/gallon
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  #59  
Old 10-17-2006, 10:25 PM
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Quote:
Originally Posted by lhopp77
And just which country or countries do you erroneously think might be receiving "political pressures"????? And of course give us a little reason to believe that they might be receiving this pressure for political reasons. This should be interesting.

Lee
Come on Lee, we all know that the Bush family is in bed with the Saudi monarchs. They just have to lean a little bit on them (ie take away some of their subsidies) and wham, gas prices drop like a stone.

Why don't they raise prices now? One can only push the limit so much until the market backlashes.
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(8/23/07-Present) 1995 Subaru SVX LSi (197k) Polo Green (#1102) 03/95
Mods: DDM Tuning 4500k 35w Low Beam HID, 100w H3 Bulbs, Extra Ground Cables, 15 minute $12.96 mod,
svxfiles designed transmission mount (), sporting a "new" tail light bar,
silver BBS rims, custom power steering cooler (one that doesn't dump ATF constantly), new negative lead cable, no more third or fourth gear
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(12/01/2011-Present) 2005 Subaru Outback 2.5i Limited 5MT (97k)
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  #60  
Old 10-17-2006, 11:36 PM
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I Knew It

Quote:
Originally Posted by Manarius
Come on Lee, we all know that the Bush family is in bed with the Saudi monarchs. They just have to lean a little bit on them (ie take away some of their subsidies) and wham, gas prices drop like a stone.
I would have bet that is what you would say, but maybe you better check. We get more of our oil from Canada and Mexico than we do SA.

And what subsidies are you talking about? I think if you check the only "subsidy" you will find is something like $25,000 (total) for some military training and it is really a credit and not a direct aid.

You need to learn a few things instead of your half thought out shot gun blasts at Bush.

Lee

Last edited by lhopp77; 10-17-2006 at 11:49 PM.
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