Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
Heh...a few stations around here went from $3.54 to $3.57 over the weekend. One went to $3.50. I can hope to see falling sharply...more like rise sharply....trickle down.
8-4-11
http://finance.yahoo.com/news/Time-to-Say-It-Double-Dip-nytimes-2653068334.html?x=0
Time to Say It: Double Dip Recession May Be Happening
Double dip may be back.
It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again. The unrelenting negative economic news of the past two weeks has painted a picture of a United States economy that fell further and recovered less than we had thought.
But Great Recession II, if that is what we are entering, has provoked a completely different response.
If this is the beginning of a new double dip, it will have two significant things in common with the dual recessions of 1980 and 1981-82.
In each case the first recession was caused in large part by a sudden withdrawal of credit from the economy. The recovery came when credit conditions recovered.
The American economy fell into what was at first a fairly mild recession at the end of 2007. But the downturn turned into a worldwide plunge after the failure of Lehman Brothers in September 2008 led to the vanishing of credit for nearly all borrowers not deemed super-safe. Banks in the United States and other countries needed bailouts to survive.
The unavailability of credit caused a decline in world trade volumes of a magnitude not seen since the Great Depression
http://finance.yahoo.com/news/Time-to-Say-It-Double-Dip-nytimes-2653068334.html?x=0
Time to Say It: Double Dip Recession May Be Happening
Double dip may be back.
It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again. The unrelenting negative economic news of the past two weeks has painted a picture of a United States economy that fell further and recovered less than we had thought.
But Great Recession II, if that is what we are entering, has provoked a completely different response.
If this is the beginning of a new double dip, it will have two significant things in common with the dual recessions of 1980 and 1981-82.
In each case the first recession was caused in large part by a sudden withdrawal of credit from the economy. The recovery came when credit conditions recovered.
The American economy fell into what was at first a fairly mild recession at the end of 2007. But the downturn turned into a worldwide plunge after the failure of Lehman Brothers in September 2008 led to the vanishing of credit for nearly all borrowers not deemed super-safe. Banks in the United States and other countries needed bailouts to survive.
The unavailability of credit caused a decline in world trade volumes of a magnitude not seen since the Great Depression
Originally Posted by Doppel 
Gas now falling sharply. Oil also under $85 at this moment.
Did he post any articles stating Gas prices falling sharply?
No of course not. Why are Industry shills allowed to lie?
Gas now falling sharply. Oil also under $85 at this moment.
Did he post any articles stating Gas prices falling sharply?
No of course not. Why are Industry shills allowed to lie?
Londo_Jowo
Lifer
Londo_Jowo
Lifer
So says the shill who has posted more lies than truth in this thread.
Has the Illinois Attorney General ever get back to you on why Chicago has to pay so much more for gas than all the other cities in the US? Or why you have to show an ID to purchase vinegar?
The whole trickle down thing is extremely annoying, and its extremely bad PR for big oil, even if they specifically are not the cause
Doppel
Lifer
- Feb 5, 2011
- 13,306
- 3
- 0
Yeah, I didn't check more than just <mycity>gasprices.com and they're down about an nickel but leveled off today. I see other cities it's basically not moving yet. It will though, especially after today's 7% drop in oil!
You're retarded, the hospital wants you back for another 72 hours of supervision and changing your meds again.
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
Most stations down to $3.49 today. Almost a 1% drop...almost. Oil has dropped 20% in two weeks and gas has fallen a whopping 3% at most here, lol.
Last edited:
Damn, no drop here yet.
I think a few stations north of the city dropped just under $4 to $3.98
AznAnarchy99
Lifer
- Dec 6, 2004
- 14,695
- 117
- 106
Doppel
Lifer
- Feb 5, 2011
- 13,306
- 3
- 0
- Oct 30, 2004
- 11,442
- 32
- 91
- Oct 30, 2004
- 11,442
- 32
- 91
I wish they would stop calling it a recession and call it what it is. It's a depression. Heck, it's not even a temporary depression but a permanent long-term structural change as our nation transforms into being a third world country.
Originally Posted by dmcowen674
Time to Say It: Double Dip Recession May Be Happening
Double dip may be back.
It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again. The unrelenting negative economic news of the past two weeks has painted a picture of a United States economy that fell further and recovered less than we had thought.
But Great Recession II, if that is what we are entering, has provoked a completely different response.
If this is the beginning of a new double dip, it will have two significant things in common with the dual recessions of 1980 and 1981-82.
They'll change the name when people are standing in soup lines at Walmart.
Time to Say It: Double Dip Recession May Be Happening
Double dip may be back.
It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again. The unrelenting negative economic news of the past two weeks has painted a picture of a United States economy that fell further and recovered less than we had thought.
But Great Recession II, if that is what we are entering, has provoked a completely different response.
If this is the beginning of a new double dip, it will have two significant things in common with the dual recessions of 1980 and 1981-82.
They'll change the name when people are standing in soup lines at Walmart.
Londo_Jowo
Lifer
Down another $0.06/gal yesterday, now $3.29/gal
http://www.houstongasprices.com/Shell_Gas_Stations/Sugar_Land/113096/index.aspx
Many stations near me at 3.19 
still several others havent changed yet from 3.45
Good year for gas station owners?
still several others havent changed yet from 3.45Good year for gas station owners?
fleshconsumed
Diamond Member
- Feb 21, 2002
- 6,486
- 2,363
- 136
Eh, the gas on a Shell station on my way to work went down from 4 to 3.85 over the last two weeks, however most if not all of this drop was in the first week. The price has not changed at all in the last week.
What irks me most is that oil prices now seem to be following market instead of supply/demand. If the stock market goes up, so does the oil price, if the market goes down, so does the oil. The market dropped nearly 20% in the last two weeks, and so did the oil. Whenever the market comes back so will the oil. So far it looks like a permanent shift.
What irks me most is that oil prices now seem to be following market instead of supply/demand. If the stock market goes up, so does the oil price, if the market goes down, so does the oil. The market dropped nearly 20% in the last two weeks, and so did the oil. Whenever the market comes back so will the oil. So far it looks like a permanent shift.
I wonder if anyone can still try and say theres only a 1% to 5% impact on oil prices from market speculation.
Its obvious the price is almost totally controlled on what we think might happen in the future, not based on reality
Imp
Lifer
- Feb 8, 2000
- 18,828
- 184
- 106
Anonymous "hoarding" of essential supplies. Not only that, no one will ever see the 50,000 barrels of oil you "own" at your house, then lynch mob you.
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