blackangst1
Lifer
- Feb 23, 2005
- 22,902
- 2,359
- 126
Can anyone explain exactly how it works to someone who doesn't work in the industry? That's what I meant.
b-b-b-ut their profits have dropped 15% their unseen record heights. they have to cut back supply to inflate prices, otherwise it wouldnt be fair for them
and lulz @ herm buying their spoonfuls of shit
and lulz @ herm buying their spoonfuls of shit
.
GodlessAstronomer
Lifer
- Oct 27, 2007
- 17,009
- 5
- 0
I don't see the scam. Don't like the price? Don't pay it.
I don't own an Apple computer because they're too expensive.
I don't buy bottled water because it's too expensive.
I don't wear Oakly sunglasses because they're too expensive.
I don't drive to work or university because it's too expensive.
This isn't complicated stuff. There are alternatives if you're willing to put in some time and effort. Drive less. If more people did this, believe me, prices would drop. But they won't, because people are stupid and lazy and fat and just need something to whine about. Which is fine with me, because I'm not stupid or lazy or fat or whiny, unlike most of P&N apparently.
GodlessAstronomer
Lifer
- Oct 27, 2007
- 17,009
- 5
- 0
Just for comparison, prices in NZ right now are around NZD$1.85 per litre, which is USD$4.22 per gallon. And our prices are low compared to the UK, who are paying about 101p per litre (USD$6.07 per gallon).
In other words, either stop whining or stop buying. The constant bitching is becoming tiresome to say the least.
StageLeft
No Lifer
- Sep 29, 2000
- 70,150
- 5
- 0
I am surprised at how high oil has risen already. I always trumpeted how silly the prices were last year, like a one-off hysterical price run up. I didn't think we'd be at $70 range this early on. It seemed like $60-70 was a reasonable price for oil at this juncture based on trends, but to see it go from $33ish to $68 in only a few months is a pace like we saw last year. The question is where it will stop. Surely it won't hit $150 this year because people won't want to lose their shirts again on bad bets.
BTW, if you think oil is going to continue to march, put your money where your mouth is: Buy shares in OIL or another company based heavily on oil prices (like USO, I think) and as you pay more at the pump you see your portfolio worth more.
Of course I live in NY state so I paid $2.69 yesterday for 87. Sure am glad I didn't pull the trigger on the suv back in January. I was thinking that despite gas cheap then in four-six years when I tried to sell it I could potentially end up a sucker. It does show that gas prices are still a real concern.
There is a potential plus to this. Everyone know that as gas came down some would remember the argument and others would buy SUVs. If gas bumps past $3 this summer again it will help people to see that energy is a real problem and is not going to go away.
GodlessAstronomer don't forget that UK and new zealand are not terribly large places. I don't know how public transport is for you but in the US cars are a necessity; there are no options like public transport for most people because the geography does not lend itself to that. UK is 10X denser than NZ, though (they are the same size). Cars are probably important in NZ far more than in the UK where many can very reasonably live without a car or at least putting down minimal miles on it.
BTW, if you think oil is going to continue to march, put your money where your mouth is: Buy shares in OIL or another company based heavily on oil prices (like USO, I think) and as you pay more at the pump you see your portfolio worth more.
Of course I live in NY state so I paid $2.69 yesterday for 87. Sure am glad I didn't pull the trigger on the suv back in January. I was thinking that despite gas cheap then in four-six years when I tried to sell it I could potentially end up a sucker. It does show that gas prices are still a real concern.
There is a potential plus to this. Everyone know that as gas came down some would remember the argument and others would buy SUVs. If gas bumps past $3 this summer again it will help people to see that energy is a real problem and is not going to go away.
GodlessAstronomer don't forget that UK and new zealand are not terribly large places. I don't know how public transport is for you but in the US cars are a necessity; there are no options like public transport for most people because the geography does not lend itself to that. UK is 10X denser than NZ, though (they are the same size). Cars are probably important in NZ far more than in the UK where many can very reasonably live without a car or at least putting down minimal miles on it.
boomerang
Lifer
- Jun 19, 2000
- 18,883
- 641
- 126
Yes it certainly is. So please stop. Find a forum in your own land to bitch in.
I found this one using Google really easy. http://www.emigratenz.org/forum/
Whining and sniveling like a little girl because in your opinion we've got it better than you do. How pathetic. Share your opinions with your own people. Don't let the door hit you in the ass on the way out.
umbrella39
Lifer
- Jun 11, 2004
- 13,816
- 1,126
- 126
blackangst1
Lifer
- Feb 23, 2005
- 22,902
- 2,359
- 126
some people don't have the option. i sympathize with them. however, most people do have that option but whine and complain, don't do anything about their situation, and continue driving unnecessarily.
you know why? it's because they're still hemorrhaging money.
american airlines: -7.899/share
delta airlines: -5.782/share
united airlines: -39.05/share
i really don't know how they're still in business
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
The national average is $2.61 per gallon. It's currently down from $2.59 to $2.53 in Lexington, KY today. Not sure why $2.50 is a problem with the OP if the national average is $2.61.
Regardless, the $4.xx of a year ago has seasoned people to not bitch as much about the prices as they once did (and the fact that many people are driving less and the newer cars are more fuel efficient). However, I agree with the so called "experts" out there stating that if gas prices continue to rise, any recovery could be slowed or even reversed.
Gas prices (wholesale) flatten for first time since April.
HOUSTON (AP) -- Crude oil flirted with $70 a barrel Tuesday, at one point falling just 18 cents shy of that mark.
At midday, benchmark crude for July delivery were up $1.06 at $69.15 a barrel in trading on the New York Mercantile Exchange.
Crude prices are rising because of an influx of money from Wall Street. Investors have used oil other commodities as a hedge against a weak dollar.
The dollar has fallen in large part because of the billions that the government has spent on corporate bailouts and that has attracted enormous sums of money to the oil markets.
The dollar, which fell further Tuesday against the pound and the euro, "seems to be driving the price of oil again," said Phil Flynn, an analyst at Alaron Trading Corp.
Crude touched above $70 a barrel last week, the highest since October. Just how long a weak dollar can support prices like that, with the economy still in recession, is questionable.
Crude in storage remains near record highs and demand in the U.S., the world's largest consumer of oil, is sluggish.
Wednesday's release of petroleum inventory data from the Energy Department's Energy Information Administration could provide additional insight about crude demand. Analysts expect a rise of 800,000 barrels.
In other Nymex trading, gasoline for July delivery rose 1.4 cents to $1.95 a gallon and heating oil rose 2.6 cents to $1.794. Natural gas for July delivery fell 2.7 cents to $3.704 per 1,000 cubic feet.
In London, Brent prices gained $1.24 to $69.12 a barrel on the ICE Futures exchange.
Associated Press writers Pablo Gorondi in Budapest and Alex Kennedy in Singapore contributed to this report.
Oil ends above $70 for first time in 7 months
Some are saying that $70/bbl oil is enough to impede any budding economic recovery, since 70% of GDP is consumer spending, and higher gas prices means less income for everything else.
Some are saying that $70/bbl oil is enough to impede any budding economic recovery, since 70% of GDP is consumer spending, and higher gas prices means less income for everything else.
I've never understood this. Are fuel costs that prohibitive when compared to the cost of most vacation hotel rooms, activities, food, etc? Will people not visit grandma to save a few bucks?
Compared to my other bills, fuel costs are way down the list.
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