Posted on 12/03/2004 8:59:04 AM PST by Ernest_at_the_Beach
The election was over after the re-inauguration of Reagan, and the elitist media was still adamant in shunning anything Reagan did.
I was reading somewhere that a $1 drop in the price of a barrel of crude would translate out to a little over a 2 cent drop in a gallon of refined gasoline..... at 42 gallons of gasoline per barrel.
Based on that any drop will not be dramatic unless winter goes away very quickly....
I think I will begin to see unleaded in the $1.60 range here real soon. Nice.
Wow, I am seeing mostly unleaded basic at $2.19 here....
Well, we're at $1.89 now, but I have a quickie formula I use for gas prices in my area: spot crude / 25.
Could it be a famous billionaire dem? Maybe a George S? Were dems were willing to tank the economy to defeat Bush? Would anyone put it past them?
What we do know -- if true -- is it won't be a MSM story. Anyone?
"The Real issue to be investigated is how the price was artificially raised to $60.00 during the month immediately prior to the Election."
You hit the nail on the head, dude.
In addition to that, most people don't stop to think that with the dollar going down in value if all things were equal a commodity like oil would correspondingly go UP in cost. The falling oil prices are even more dramatic than they look to us here in the U.S.
We have gone from an economic "perfect storm" a few years ago to an incredibly good position....keeping in mind where we came from just a short time ago. No, not perfect, but pretty damn good & getting better!
What's going on?
Regular unleaded is allllll the way down to $2.09 here in the SF East Bay at the Arco stations. I got gasoline at Costco last week for $2.03. Whooo hooo!
We saw a 10 cent/gallon drop in N California during the Thanksgiving Weekend which was amazing.
Over the last six months I have consistently seen stations pop up prices right away when the media announces per-barrel cost hikes. No matter that the gas they are pumping is from lower cost oil. Now crude prices are dropping but the gas stays at ~$2 per gallon. Other than oil companies ripping-off the consumer can anyone explain it?
The election is over.
That was the old one. The new one began November 3rd.
Over the last six months I have consistently seen stations pop up prices right away when the media announces per-barrel cost hikes. No matter that the gas they are pumping is from lower cost oil. Now crude prices are dropping but the gas stays at ~$2 per gallon. Other than oil companies ripping-off the consumer can anyone explain it?
Reuters will spin anything to make GW's administration look bad.
The dirty little secret is that there never was a shortage of oil during the $orea$$ run up on oil prices.
Now that reality is hitting home like a ton of bricks dropping on those artificially high prices.
Bad news for Hooters/Reuters, AP, and the MSM is good news for American business and the rest of us.
Maybe the markets were horrified that a President Kerry would f*** everything in the middle east. Keep in mind, the oil market took off as Kerry started to do better in the polls.
Yeah, FUTURES are dropping, not the price of gasoline. The oil has to be purchased, hauled, refined, and distributed, and only then does the gas station guy get lower prices, but he still has the expensive stuff in his tank.
Yes, they will raise gas prices when they know it'll cost a lot to replace what they've got. They don't mind waiting to sell the stuff they got cheap. But they do mind selling cheaply the stuff they paid a lot of money for.
Wait a few weeks. The prices will come down.
I read this as so much doublespeak. The selloff is due to speculators unloading their positions. Was that in the article anywhere?
This is one of the worst-written opening paragraphs I've ever seen in a news article. What the heck does it mean?
Battered oil prices have dived another doller. So far, so good -- except, whatever happened to "dove," the correct past tense of dive. ("I dove into the water." Not, "I have dived into the water.")
...after weak U.S. jobs data deepened a slump... What slump? The oil prices drop? Is that really a "slump?" Lower costs of oil are good thing, right?
...a slump driven by easing worries... If worries are easing, why is this bad? What does the easing of worries about winter supplies (oil supplies, one presumes) have to do with weak U.S. jobs data?
...weak U.S. jobs data deepend a slump driven by easing worries... Ummmmm...yeah, whatever.
Economics 101. In a free market, price is determined not by the cost of the product, but what the market will support.
If the market will support $40.00/gal for gas, then that's what the price will be, regardless of the cost of the product.
Think about it, how much does 1 liter of drinking water cost? What is the price of 1 liter of designer drinking water?
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