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$3 gas -- is it here to stay?
CNN/Money ^
| 9/7/05
| Chris Isidore
Posted on 09/08/2005 2:54:36 AM PDT by Crackingham
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To: Crackingham
According to Steve Forbes the gas bubble will soon burst and we will be seeing 30 to 32 dollar a barrel oil. We'll see....
2
posted on
09/08/2005 3:02:44 AM PDT
by
ONETWOONE
(onetwoone)
To: Crackingham
Sure it is. We all proved to the oil companies we'd pay whatever price they want. Supply and demand.
3
posted on
09/08/2005 3:03:23 AM PDT
by
mtbopfuyn
(Legality does not dictate morality... Lavin)
To: Crackingham
The Hampton Roads area of Virginia already has several stations back below $3, with two at $2.75
4
posted on
09/08/2005 3:03:46 AM PDT
by
R. Scott
(Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink.)
To: ONETWOONE
Either way we need nore drilling and refineries.
5
posted on
09/08/2005 3:03:47 AM PDT
by
TXBSAFH
(Free Traitors are communist China's modern day "Useful Idiots")
To: ONETWOONE
Sure it is. That is why Oil prices have dropped $6 a barrel in the last week. But they do not call it Constantly Nattering Nonsense for nothing.
6
posted on
09/08/2005 3:05:10 AM PDT
by
MNJohnnie
( Blaco say Wed Aug 31st, FEMA says Thur Sept 1st.. Who is lying?)
To: mtbopfuyn; Crackingham
Sure it is. We all proved to the oil companies we'd pay whatever price they want. Supply and demand.
Nonsense. Supply and Demand it is but exactly OPPOSIT the point you make. Higher the Demand, the more suppliers move in to the market. So, Where do I make MORE Selling 1000 gallons at $3.50 or 1500 Gallons at $2.50? Do the math, take some basic Econ courses then come back and tell us about "Supply and Demand".
7
posted on
09/08/2005 3:08:01 AM PDT
by
MNJohnnie
( Blaco say Wed Aug 31st, FEMA says Thur Sept 1st.. Who is lying?)
To: R. Scott
The Hampton Roads area of Virginia already has several stations back below $3, with two at $2.75
Minnesota never went over 2.99 and has all ready dropped $.21 in the last 5 days.
8
posted on
09/08/2005 3:08:45 AM PDT
by
MNJohnnie
( Blaco say Wed Aug 31st, FEMA says Thur Sept 1st.. Who is lying?)
To: TXBSAFH
Either way we need nore drilling and refineries.
Yep, but the higher price means we are also bring more domestic production back on line that we stopped when Oil dropped so low during the late 1980s. Hopefully this time we can figure a way to KEEP it. I am a Free Trader but MAN, I would really like a tarriff on imported oil.
9
posted on
09/08/2005 3:10:39 AM PDT
by
MNJohnnie
( Blaco say Wed Aug 31st, FEMA says Thur Sept 1st.. Who is lying?)
To: Crackingham
$70.00 per barrel oil is unsustainable as is $3.00 gas.
Wait a while, the high prices are forcing increased production everywhere, to bear fruit all at the same time, then the collapse will ensue.
Same thing happened with silver in the 70's to be used for color film products...
I still have some $13.00 silver ounces that I keep out of sentimental value, to remind me of what people will pay for a commodity that is worth $5.00/ounce in the real world.
10
posted on
09/08/2005 3:16:26 AM PDT
by
mmercier
(same as it ever was)
To: mtbopfuyn
The thing is, they've started to see indications
of a drop in demand in the US.
To: MNJohnnie
I remember a dollar a gallon gas, back
in...what?..1994-5?
To: MNJohnnie
I feel lucky in a way. I put my car (13 mpg) in the shop for some work just before the price shot up. It should be ready Friday or Saturday.
13
posted on
09/08/2005 3:27:11 AM PDT
by
R. Scott
(Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink.)
To: MNJohnnie
Local stations here in central Wisconsin dropped to $2.99 yesterday.
14
posted on
09/08/2005 3:28:56 AM PDT
by
elli1
(u)
To: Crackingham
I just filled up yesterday .
$2.99 a gallon.
15
posted on
09/08/2005 3:30:00 AM PDT
by
airborne
To: R. Scott
I find it very interesting that despite lower taxes, gasoline in NW Indiana for all stations is 2.99 and has held steady for one week. prior it was bouncing up and down lik a ping pong ball. alos more peculiar is this is what Cook County in illinois is charging....
16
posted on
09/08/2005 3:31:28 AM PDT
by
slapshot
("USAF- when you absolutely, positively need it delivered on target, on time, right away")
To: R. Scott
I find it very interesting that despite lower taxes, gasoline in NW Indiana for all stations is 2.99 and has held steady for one week. prior it was bouncing up and down like a ping pong ball. also more peculiar is this is what Cook County in Illinois is charging....
17
posted on
09/08/2005 3:33:23 AM PDT
by
slapshot
("USAF- when you absolutely, positively need it delivered on target, on time, right away")
To: Crackingham
If $3 a gallon of gas is here to stay, next elections some elected officials aren't.
18
posted on
09/08/2005 3:33:52 AM PDT
by
tobyhill
(The War on Terrorism is not for the weak.)
To: mmercier
"Wait a while, the high prices are forcing increased production everywhere, to bear fruit all at the same time, then the collapse will ensue."
I'm not sure that is true at all...the high price has forced releases from strategic reserves both here and in Europe.
You can't just turn the knob and viola: increased production. Lots of wells are at capacity and our refineries certainly are.
19
posted on
09/08/2005 3:36:41 AM PDT
by
Adder
(Can we bring back stoning again? Please?)
To: MNJohnnie
Your numbers are completely arbitrarily chosen to prove your point. We could just as easily reverse them to prove the opposite point. At some point, people will find it economical to carpool, which will reduce the demand and thus the price. At 99 cents a gallon, no one thought it was worth it to carpool to and from work. At 3.00 they start to think about it. This problem will fix itself without any intervention from the government. I wouldn't mind less traffic to tell you the truth. Long live the free market economy!
20
posted on
09/08/2005 3:39:16 AM PDT
by
willyd
(Good Fences Make Good Neighbors)
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