Saturday Gas Prices Under $3.00
- Thread starter alaskaman
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CJ3Flyr
Super Moderator
The gas/oil thing is getting much better. Too bad the rest of it is tied up with some ligit issues and tons of fear/panic.
I linked this article a long time ago, still an interesting read espicially considering the date of being pulished: http://economictimes.indiatimes.com...l_prices/articleshow/msid-3039762,curpg-1.cms
Original thread: http://www.toyota-4runner.org/showthread.php?s=&threadid=38233
:cheers:
I linked this article a long time ago, still an interesting read espicially considering the date of being pulished: http://economictimes.indiatimes.com...l_prices/articleshow/msid-3039762,curpg-1.cms
Original thread: http://www.toyota-4runner.org/showthread.php?s=&threadid=38233
:cheers:
MikeinCincy
New member
alaskaman said:
Regular unleaded is $2.53 here in Cincy. Maybe even cheaper in other areas. I am so happy!
All of the folks who fearfully sold their SUV's and 4 X 4 pickups at drastically low prices and who opted for smaller/more efficient cars, they're the same fools who like others who sold their stocks at the bottom of the current stock market cycle. 
With fuel prices dropping, and even w/o them dropping, they would NEVER have made up the price differential of unloading their SUV for a smaller car at firesale prices.
Plus, when the snows and hard weather soon hit, these same folks who bought a Ford Focus type of vehicle and who basically gave away their higher quality (and safer) SUV, will be kicking themselves hard in the foot.
With fuel prices dropping, and even w/o them dropping, they would NEVER have made up the price differential of unloading their SUV for a smaller car at firesale prices.
Plus, when the snows and hard weather soon hit, these same folks who bought a Ford Focus type of vehicle and who basically gave away their higher quality (and safer) SUV, will be kicking themselves hard in the foot.
majewski
New member
It was $2.59 yesterday in Columbus. We grocery shop at Giant Eagle and use the fuelperks card, so with discounts I ended up paying $1.39 a gallon - and I take an extra gas can so I can get all 30 gallons allowed. Nice to run the truck and my wife's Volvo for a week for $45!
Of course, those OPEC f$#kers are supposed to be meeting to artificially adjust the price again this Friday so it won't last. Probably won't go back up to $140+ a barrell for a while because the whole world is in a slowdown.
Of course, those OPEC f$#kers are supposed to be meeting to artificially adjust the price again this Friday so it won't last. Probably won't go back up to $140+ a barrell for a while because the whole world is in a slowdown.
alaskaman
Senior Member
Climb14er said:All of the folks who fearfully sold their SUV's and 4 X 4 pickups at drastically low prices and who opted for smaller/more efficient cars, they're the same fools who like others who sold their stocks at the bottom of the current stock market cycle.
With fuel prices dropping, and even w/o them dropping, they would NEVER have made up the price differential of unloading their SUV for a smaller car at firesale prices.
Plus, when the snows and hard weather soon hit, these same folks who bought a Ford Focus type of vehicle and who basically gave away their higher quality (and safer) SUV, will be kicking themselves hard in the foot.
A wise man..........
I can't believe it- we are actually at $1.99 a gallon here in Oklahoma City.
http://www.oklahomacitygasprices.com/
http://www.oklahomacitygasprices.com/
MikeinCincy
New member
Regular unleaded is now $2.34 here in Cincinnati and maybe even cheaper in some areas. With OPEC agreeing to cut production, the prices are bound to go up here in the near future IMO.
Uneek
Super Moderator
MikeinCincy said:
They announced cuts and the market responded with a giant "screw you" dropped oil to $64 from $66-67. I think it'll go up for a bit now but stay relatively low because people aren't spending, so demand isn't going to increase despite a reduction in production. But once elections are over and by next year at this time I think gas will be high again, oil companies have gotten consumers acquainted to $4 gas. I do hope I'm wrong.
I love how the oil companies play it when asked about why isn't gas a lot cheaper at the pumps yet. They responded, because the current gasoline sold isn't refined from sub $70 oil. But then when oil was above $130-140, the gas being sold wasn't from $130 oil either. Greedy mofos. The oil industry is going reap any profits they can before alternative energy becomes mainstream. This is their chance.
alaskaman
Senior Member
MikeinCincy
New member
Uneek said:
Yea, definitley. I noticed that yesterday. Short term, crude and gasoline will be down. However, longer term, it's going back up. All but guarantee it. The main reason it's down so much is because of the global demand has decreased dramatically. With all of the talk of a global slowdown in growth, it only makes sense that crude would retreat from its recent highs.
Jeff Kleb
New member
Enjoy the reduced prices while you can. No doubt - it will go back up.
One thing that nobody mentions is our lack of refinery capacity. Just one "incident" or Gulf hurricane and we're back up above three bucks again.
:bash:
All the crude oil in the world won't do us a bit of good until we can refine it into gasoline, diesel, kerosene, jet fuel, etc., etc. The temporary drop in prices is also because we are no longer using the more expensive "summer blend" fuels. That is 5 to 7 cents per gallon right off the top.
