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Automotive News & Views Report Your Local Gas Prices Here
8805 messages, Last post on Nov 27, 2009 at 11:25 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
It might not be the stupidest thing I would have ever done if I got together with some folks and we looked into unleaded futures. Heck, the sentiment that *I* see in the public is that there's no end in sight for this summer. But now I have to think... when everyone is thinking UP, might it be to late to get in on it???  Kind of like when you start hearing ads to buy gold or invest in heating oil futures. By the time the general public starts to hear about it, most of the upside is probably gone already! Still hanging at $2.59 in Happy Valley, although we have one small station that is at $2.55 if paying by cash, $2.61 for a credit card purchase. |
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Hope it trends downward soon....  good news for those who have mineral rights.
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Replying to: wilcox (Apr 03, 2006 6:25 am)  Rocky
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Replying to: rockylee (Apr 03, 2006 6:27 am) APR. 3 9:55 A.M. ET Venezuela's President Hugo Chavez, in an interview to be broadcast Monday, says he would like to see oil prices stabilized at US$50 a barrel. "We're trying to find an equilibrium. The price of oil could remain at the low level of US$50. That's a fair price, it's not a high price," Chavez said in an interview with the British Broadcasting Corp. Light, sweet crude was trading above US$66 a barrel Monday. Oil price
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Replying to: gagrice (Apr 03, 2006 7:13 am) Rocky |
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Americans do everything by knee jerk reaction. It is human nature to take advantage of that mentality. For all of you with a 1000 Kruggerands stashed in the closet. Gold is at $589, is it time to sell? RAS LAFFAN, Qatar, April 2 (Reuters) - OPEC is likely to keep production levels steady when it meets in June if oil prices remain at current levels, Qatari Oil Minister Abdullah al-Attiyah said on Sunday. He also told reporters there was no shortage of supply in world markets and that the global economy could absorb oil prices of $60 per barrel. $60 or less a stable price |
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Oil company collusion is not a factor in the current price of gas. Oil companies are at the mercy of the global market in energy as much as anyone. Even Exxon, the world's largest private oil company only accounts for 3% of the market, with the majority of the oil it delivers purchased at prices set on commodities exchanges in Hong Kong, London and Chicago. If not collusion, why were gasoline prices higher in 2005 -- although certainly not higher than their inflation adjusted peaks of the 1980s? It was a combination of factors: Strong demand in the U.S. and several developing nations, OPEC production and refining decisions and political instabilities in a number of oil exporting countries. Further damage to off-shore oil platforms and gulf coast ports, refineries and delivery systems from Hurricanes Katrina and Rita caused prices to spike. Even so, profits in the oil and gas industry are much lower than many industrial sectors, such as pharmaceuticals, banks, semiconducters and even household and personal products. In fact, according to the U.S. Energy Information Agency, state and federal taxes account for a larger portion of the price of gasoline than do profits. Collusion? |
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Here in Paradise
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People with an oil company meal ticket will defend the current situation, while the prices at the pump cannot be explained. Will record profits for ANY INDUSTRY EVER bring even more crooked reverse-socialism from the big oil regime this year? I wonder what scam to sell big SUVs we'll see next.
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Replying to: aeriohawaii1 (Apr 03, 2006 8:58 am) What are you paying for unleaded today? Do they still have the price controls like last year? |
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