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Gas is super cheap right now!

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It is funny to think that some people may actually go ahead and buy SUVs or other gas guzzling vehicles just because it's cheap NOW. People seem to always think short term.

This may last, but it may not.
 
my-car-gets.jpg
 
OverVolt said:
fuel with ethanol begins to separate into the gasoline and ethanol fractions after about 30 days and expires. I hope you aren't serious. I think there is some kind of additive that can stabilize it but I wouldn't really trust that the risk is worth the reward. You have to consider the price paid, the price in the future, combined with how long you can store it and how much its degraded.

Just buy it as you need it. Stocking up on gas is silly.
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Fuel...in milk jugs...by burning wood...

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OverVolt said:
Yea just like you must've seen this drop coming and already had a stock of SUV's right? right?

Thank you Mr. 20/20 Hindsight.
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lol I haven't owned something that got better than 20mpg city since 2008. I bought a V8 pickup 6+ years ago when gas was $4+/gal (for a very good deal, I might add 😛).
 
It's down to $2.49 a gallon (cash price) where I live... and we're pretty well known for having some of the highest gas prices in the country outside of California or Hawaii.
 
Love how the SUV sales is up so much.. back to that American short term memory. Prices will be like this forever now!!
 
Would someone please give gas stations in NYC the memo that gas prices fell a little bit? Still over $3 gallon here in a LOT of places.
 
TheSlamma said:
Love how the SUV sales is up so much.. back to that American short term memory. Prices will be like this forever now!!
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I don't remember if it was here or another board, but someone pointed out that SUVs now are increasingly hybrid and high milage SUVs. The cycle of low gas price = people buy trucks and SUVs, high has price = people buy geo prisms is nothing new, but now the whole fleet has much higher milage across the board.

I heard on the radio this morning that some government agency projected an average gas savings of $500 per driver this year. That is going to be an enormous boost to the economy. 🙂

Oh and since all that extra money is coming from lower prices, inflation actually went down, which means the fed is just going to leave interest rates where they are.

The news hasn't been this good in a while. 😎

Unless you're in Russia 🙁
 
Blackjack200 said:
I don't remember if it was here or another board, but someone pointed out that SUVs now are increasingly hybrid and high milage SUVs. The cycle of low gas price = people buy trucks and SUVs, high has price = people buy geo prisms is nothing new, but now the whole fleet has much higher milage across the board.

I heard on the radio this morning that some government agency projected an average gas savings of $500 per driver this year. That is going to be an enormous boost to the economy. 🙂

Oh and since all that extra money is coming from lower prices, inflation actually went down, which means the fed is just going to leave interest rates where they are.

The news hasn't been this good in a while. 😎

Unless you're in Russia 🙁
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Or in the oil business.
 
Low gas prices appear to be great until you take a good, long look at your finances. Sure, I am saving about $10 a week on filling up my gas tank ... but I do not see the price of goods transported using these fuels going down. Also, if you are an investor you've realized a pretty large investment loss to you bottom line in the last few weeks. The uncertanty being caused by lower oil prices actually has had a negative (apparent) effect on me and my finances.

Truth be told I wish the price of oil would stop plumeting and stabilize somewhere around $60 a barrel to help calm things down. Still waiting for some actual GOOD things to come from falling oil ...
 
ralfy said:
"Ten Reasons Why a Severe Drop in Oil Prices is a Problem"

http://ourfiniteworld.com/2014/12/07/ten-reasons-why-a-severe-drop-in-oil-prices-is-a-problem/
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Are you in the shale industry? Cuz the article reads as someone who is butthurt in the shale industry.

Low oil prices are good. Very good. Every major U.S. recession has preceded with high energy prices.

Yeah, sorry. Severe drop in gas prices is not a problem for anyone except competitors. Don't take it personally. It isn't even about you. It appears OPEC is driving down costs to wage economic war on Russia.

As if more proof wasn't needed that oil prices are not set by supply/demand but rather are simply just fixed.
 
I dont know what 1.03/L means, but I paid 2.81 a gallon today and was extremely pleased. Havent seen it that low in many moons.
 
dud said:
Low gas prices appear to be great until you take a good, long look at your finances. Sure, I am saving about $10 a week on filling up my gas tank ... but I do not see the price of goods transported using these fuels going down. Also, if you are an investor you've realized a pretty large investment loss to you bottom line in the last few weeks. The uncertanty being caused by lower oil prices actually has had a negative (apparent) effect on me and my finances.

Truth be told I wish the price of oil would stop plumeting and stabilize somewhere around $60 a barrel to help calm things down. Still waiting for some actual GOOD things to come from falling oil ...
Click to expand...

Actually reports are overall prices of goods is 6% lower in November, the largest drop in 6-7 years. It's going to take a bit of time for that trickle effect....if it lasts that long.
 
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