Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

[werepossum]

I'm just glad I live in an area with below average gas prices. Most stations close to my house are below $2.90/gal.

Too bad McOwned voted for crocks that require specially formulated gas and charge local tax.

That brings up a good point. Many large cities run by Democrats have their own unique blends of gasoline. Since air and to a smaller extent ground water are shared resources, surely it makes sense for the EPA to mandate a handful of blends for everyone, different blends in different situations (such as high elevations), thereby reducing the overall number of blends, lessening the price effect of problems with a particular plant, maximizing competition, and coincidentally protecting Chicagoans and others from their own bad choices. Even though selection and consumption of gasoline is a local matter, the byproducts of that consumption affect us all.

 

[dmcowen674]

Local stations making the most wild swings I have seen.

Yesterday $3.59, then dropped to $3.18 this morning.

Then went to lunch and came back and now $3.35.

Not just one station did this.

WTF???

 

[airdata]

$2.92

 

[airdata]

Local stations making the most wild swings I have seen.

Yesterday $3.59, then dropped to $3.18 this morning.

Then went to lunch and came back and now $3.35.

Not just one station did this.

WTF???

The independently owned ones dictate their own prices... So if everybody is used to paying upwards of $4 a gallon, they probably think twice before tanking prices to meet w\ other stations in the general area... probably depends alot on location.

 

[EagleKeeper]

Two days ago (Wed), Shell went from 3.16 in AM to 3.39 in PM.
Speedway down the street was holding steady at 3.18

Next morning, Shell was back to 3.16. Still there this AM

 

[dmcowen674]

Two days ago (Wed), Shell went from 3.16 in AM to 3.39 in PM.
Speedway down the street was holding steady at 3.18

Next morning, Shell was back to 3.16. Still there this AM

Are you still near Northbrook Illinois?

 

[OverVolt]

That brings up a good point. Many large cities run by Democrats have their own unique blends of gasoline. Since air and to a smaller extent ground water are shared resources, surely it makes sense for the EPA to mandate a handful of blends for everyone, different blends in different situations (such as high elevations), thereby reducing the overall number of blends, lessening the price effect of problems with a particular plant, maximizing competition, and coincidentally protecting Chicagoans and others from their own bad choices. Even though selection and consumption of gasoline is a local matter, the byproducts of that consumption affect us all.

Yea Chicago does need protection from its own voters, lol.

 

[Born2bwire]

Two days ago (Wed), Shell went from 3.16 in AM to 3.39 in PM.
Speedway down the street was holding steady at 3.18

Next morning, Shell was back to 3.16. Still there this AM

Yeah, I'm seeing $3.17.

 

[saratoga172]

Saw $2.94 at a 7-11 by Stonebriar mall in Frisco/Dallas area yesterday.

In the Addison area where I am I'm seeing low $3's. Around $3.05-$3.19 depending on station, area etc. some are always higher.

 

[Londo_Jowo]

Looks like I will be paying $2.70/gal (with discount) or less this upcoming week as the stations are now at the $2.79 to $2.80/gal close to where I live.

http://www.texasgasprices.com/Shell_Gas_Stations/Richmond/113096/index.aspx

 

[dmcowen674]

Looks like I will be paying $2.70/gal (with discount) or less this upcoming week as the stations are now at the $2.79 to $2.80/gal close to where I live.

http://www.texasgasprices.com/Shell_Gas_Stations/Richmond/113096/index.aspx

Why is premium 65 cents higher?

For that matter why was this gasoline product by this Thug Industry roughly a dollar higher 6 months ago when oil was still around the same price?

 

[dmcowen674]

Two days ago (Wed), Shell went from 3.16 in AM to 3.39 in PM.
Speedway down the street was holding steady at 3.18

Next morning, Shell was back to 3.16. Still there this AM

I'm glad you witnessed the see sawing prices here.

So why did you support the assholes Jowo and lopped head when they attacked me that insisted prices were not wildly swinging?

 

[DucatiMonster696]

Prices will continue to fall because (using Dave's own earlier link) right now the world produces more Oil than it consumes each day, and it has for the past 16 months./

http://seekingalpha.com/article/1039621-wti-crude-oil-to-test-65-level-in-2013?source=yahoo

Thus today we are seeing the various effects of a glut of oil on the market brought about by new technology which American oil companies have been able to take advantage of to increase their own production of oil which they have sold over seas as well as in the US.

In addition the is the effect of a slowing world economy in which the demand for oil has eased due to a down turn in over all demand for goods and services followed by lastly a major glut of storage capacity (used to offset supply shortages in case of supply disruption in other regions of the world) in major consumer nations of oil such as China and the US.

What is occurring locally however in terms of regulations, taxes and lack of competition in certain geographical areas of the US has very little to do with the overall national trend. Listening to chicken little Dave with his neurotic ramblings about "GREED" is not going to give anyone a clear idea as to why prices actually fall and why prices will inevitably rise due to basic fundamental economic axioms such as supply and demand. As with all world commodities the given price will fluctuate primarily (outside of government interference) on factors such as demand and supply for this world wide traded and consumed commodity known as oil. The best thing anyone can do for themselves is to go out and read up on all the various factors which effect the price of oil and also the price of gas itself and at the very least one should be price conscious in terms of seeking the lowest price gas for their buck to spur on competition among gas stations and their owners.

 

[dmcowen674]

Prices will continue to fall because (using Dave's own earlier link) right now the world produces more Oil than it consumes each day, and it has for the past 16 months./

http://seekingalpha.com/article/1039621-wti-crude-oil-to-test-65-level-in-2013?source=yahoo

Thus today we are seeing the various effects of a glut of oil on the market brought about by new technology which American oil companies have been able to take advantage of to increase their own production of oil which they have sold over seas as well as in the US.

In addition the is the effect of a slowing world economy in which the demand for oil has eased due to a down turn in over all demand for goods and services followed by lastly a major glut of storage capacity (used to offset supply shortages in case of supply disruption in other regions of the world) in major consumer nations of oil such as China and the US.

What is occurring locally however in terms of regulations, taxes and lack of competition in certain geographical areas of the US has very little to do with the overall national trend. Listening to chicken little Dave with his neurotic ramblings about "GREED" is not going to give anyone a clear idea as to why prices actually fall and why prices will inevitably rise due to basic fundamental economic axioms such as supply and demand. As with all world commodities the given price will fluctuate primarily (outside of government interference) on factors such as demand and supply for this world wide traded and consumed commodity known as oil. The best thing anyone can do for themselves is to go out and read up on all the various factors which effect the price of oil and also the price of gas itself which is a by-product of the oil refining process.

Quoting all your insanity.

Guess you never read all the parts about how there was never a shortage of gasoline or oil and it has nothing to do with supply and demand and hasn't since probably before 1973.

 

[Londo_Jowo]

Why is premium 65 cents higher?

For that matter why was this gasoline product by this Thug Industry roughly a dollar higher 6 months ago when oil was still around the same price?

Who cares what premium or mid-grade costs, only a handful of cars require 91 octane or above. I'm just glad I don't have the second layer of thugs taking money out of my pocket, specially when said thugs were voted into office to help the people.

 

[WhipperSnapper]

I remember when it used to be $1 and then $2 and then $2.50. Now we think $3/gallon is a low price. We've all become habituated to it.

 

[Doppel]

12/10/2012, dmcowen674: Price hasn't dropped at all here in Chicago area.

12/15/2012, dmcowen674: For that matter why was this gasoline product by this Thug Industry roughly a dollar higher 6 months ago when oil was still around the same price?

Mcowen you are a despicable liar. You can't even keep track of your own lies, what a pathetic display here.

So why did you support the assholes Jowo and lopped head when they attacked me that insisted prices were not wildly swinging?

Never said they weren't swinging. Said you're lying about the degree, and everybody knows it (including you, which is why you didn't take me up on the offer in November to tell me which gas station had the price swing you lied about). I warned you yesterday, if you keep putting words into my mouth I will report you, you will get banned again for breaching P&N guidelines about knowingly posting misinformation. Your own documented lying is absolutely abhorrent, but I won't stand for you misrepresenting what I have said in this thread.

 

[Londo_Jowo]

I remember when it used to be $1 and then $2 and then $2.50. Now we think $3/gallon is a low price. We've all become habituated to it.

I can remember when it was $0.19/gal however, back then the global demand for oil wasn't as great as it is today.

 

[EagleKeeper]

I'm glad you witnessed the see sawing prices here.

So why did you support the assholes Jowo and lopped head when they attacked me that insisted prices were not wildly swinging?

Swinging widely would be when they are there for more than a day. Also not cherry picking the extremes. If only one station tried to raise and 4 others around do mot, that is not what i consider a swing.

 

[EagleKeeper]

I can remember when it was $0.19/gal however, back then the global demand for oil wasn't as great as it is today.

Raise you to $0.169 under Kennedy/Johnson era

 

[werepossum]

I remember when it used to be $1 and then $2 and then $2.50. Now we think $3/gallon is a low price. We've all become habituated to it.

True. Paid $2.899 yesterday and felt great. Saw $2.819 today. It's all desensitization.

Still, $1/gallon gasoline is arguable bad for the world, even though the bad economic effects (for us) of high gasoline and oil prices are undeniable.

 

[DucatiMonster696]

Quoting all your insanity.

Guess you never read all the parts about how there was never a shortage of gasoline or oil and it has nothing to do with supply and demand and hasn't since probably before 1973.

You're a verifiable idiot Dave and I'll be quoting this post to preserve your response as to why no one should ever listen to your lunatic ravings.

 

[Engineer]

I remember when it used to be $1 and then $2 and then $2.50. Now we think $3/gallon is a low price. We've all become habituated to it.

In late 1998, it was $0.59 in Lexington, KY and $0.49 in Corbin, KY. Oil was $10.25 per barrel.

And, IMO, the higher prices are one of the things that have helped break the economy during the last 5+ years.

 

[dmcowen674]

12-19-2012

http://video.cnbc.com/gallery/?video=3000136109&__source=yahoo|headline|quote|video|&par=yahoo

Why Gas is going higher

 

[Londo_Jowo]

Paid $2.79/gal (no discount) this morning at Chevron.

http://www.houstongasprices.com/Chevron_Gas_Stations/Richmond/107517/index.aspx