well, I've finally seen $3.01/gallon REGULAR gas...
#197
Lexus Fanatic
Originally Posted by IS-SV
About 5 cents for something that's a guess.
If we could just get rid of this wild speculation (and speculators) and go back to a simple, capitalistic supply-and-demand oil market, prices would be a lot more stable, though eventually we are going to have to find other fuels...we can't continue to use oil forever, because of finite resourses.
Last edited by mmarshall; 03-08-11 at 11:44 AM.
#198
Lexus Fanatic
iTrader: (1)
^ YES. This is exactly what is happening and you put it the best way. I find it funny when people blame the rising gas prices on the middle east purely. It's the damn speculators that push gas prices sky high for no reason and using the unrest in the middle east as an excuse. And everyone buys it! It's BS.
Also, i really hope we don't ever see $5 gas. In this economy, i don't think many people will be able to cope with that cost and many will have to make cut backs. I'd think/hope the economy itself would not allow for gas prices to hit that high in the first place though.
Also, i really hope we don't ever see $5 gas. In this economy, i don't think many people will be able to cope with that cost and many will have to make cut backs. I'd think/hope the economy itself would not allow for gas prices to hit that high in the first place though.
#199
Lexus Fanatic
If we could just get rid of this wild speculation (and speculators) and go back to a simple, capitalistic supply-and-demand oil market, prices would be a lot more stable, though eventually we are going to have to find other fuels...we can't continue to use oil forever, because of finite resourses.
And now back to the topic at hand, gas prices in your neighborhood today.
#201
Speaks French in Russian
^^ Yea, I was kind of thinking the same thing as I noticed more than expected CT owners in that forum since it went on sale a week ago. It must also be a hit with car enthusiasts as well.
Anyway, paid 3.47 for super this morning in South NJ.
Anyway, paid 3.47 for super this morning in South NJ.
#202
Lexus Fanatic
Originally Posted by GFerg
Yea, I was kind of thinking the same thing as I noticed more than expected CT owners in that forum since it went on sale a week ago. It must also be a hit with car enthusiasts as well.
#203
Lexus Fanatic
I am thinking of dumping a lot of cash into Gold really soon. I spoke to a friend who is an economist/asset protection attorney and he is freaking out at what the future looks like for the uS. He said this will probably happen inside 2 years. You dont see " we buy gold" sign everywhere for nothing. Many people dont know enough to understand the way the world economy works . We are in deep trouble
#204
Lexus Fanatic
btw, even if sales quadruple for the CT, it won't create the notion that wagons and hatchbacks sell well in the US.
But most of us agree, gas price spikes do change car-buying behavior of the masses in the US.
More on topic, Chevron regular locally is $3.96 today, up from $3.89 a few days earlier.
#205
Lexus Fanatic
I don't disagree with anything you've said on subject of oil prices, it's certainly inline with the usual armchair internet rhetoric shared by many of us with backgrounds far removed from actual oil production business. But many pure capitalists would say that the unregulated elaborate markets (with all that "wild speculation") are just that, capitalism at work. And the shareholders are expecting oil companies to continue to grow profits even more in future quarters, business as usual.
This problem of advance-speculators artificially bidding up prices from perceived, rather than actual, shortages is nothing new....it has been going on for years. And, since you mention shareholders, higher oil prices don't always translate into higher oil-company profits, because those oil companies then have to pay more for the crude they buy, just like you and I have to pay more at the pumps. Whether oil companies can then make higher profits depends on how they get their expenses under control, and how much they can then get away with raising raise their OWN prices to wholesalers.
And now back to the topic at hand, gas prices in your neighborhood today.
#206
Lexus Fanatic
Premium uplift in northern CA of $.18 to $.20, puts Chevron premium at $4.16 this week.
#207
Lexus Test Driver
I am thinking of dumping a lot of cash into Gold really soon. I spoke to a friend who is an economist/asset protection attorney and he is freaking out at what the future looks like for the uS. He said this will probably happen inside 2 years. You dont see " we buy gold" sign everywhere for nothing. Many people dont know enough to understand the way the world economy works . We are in deep trouble
Gold is a bubble just as the tech boom was, housing market, oil the first time it went crazy then crashed and it will again.......
#208
Lexus Fanatic
Exactly, long-term investing based on sound fundamentals is still best approach.
#209
Lexus Fanatic
Each time the oil market "crashes", though, the base, or bottom-level, it reaches is higher and higher than before. I don't think we'll ever see gas prices in the U.S. below $2.00 again. In fact, IMO, we will be very lucky if we ever see the $2.65 again that we had not long ago. The fact is that, like it or not, for a number of reasons, we're going to have to convert to non-petroleum fuels in the long run if we ever want a reasonably stable economy. If we drill more for our own production, yes, that will help in the short run, but sooner or later oil reserves will run out.
#210
Lexus Fanatic
Who cares if we see gas at $2.00/gallon today. It's a unrealistic price ($2.00 in 2011), not the backbone of our economy, encourages poor buying decisions in both vehicles and housing selections. Gas prices will snap back to something most (not all lower income) Americans can get more comfortable with. It's not a news flash, that gas prices will rise over time.