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8805 messages, Last post on Nov 27, 2009 at 11:25 AM
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Up 6 cents yesterday and 4 cents today to wind up at $2.69 Funny, I missed the (insert natural disaster or incident of terrorism of your choice here) that the traders are using as an excuse this time. Oh wait... I know... maybe it was all the pointless gloom and doom drumbeat in the media. Yea, that's the ticket. Why look at anything real as far and supply and demand goes. Let's run the whole thing on what we FEEL is going to happen.
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| You know someone is going to chime in and tell us we're nuts because all these price hikes are somehow ligit. I can hear it now, "gas is part of the world market and because China and other countries are using so much more these days, we either pay the high prices or it goes somewhere else." | |
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...the media should report exaggerated good news for the good of all. Then, maybe the price of gasoline will fall. How about these headlines? Osama Bin Laden Surrenders Saddam Pleads Guilty, Graciously Accepts Death Sentence War in Iraq is Over Al Qaeda Enters into Peace Negotiations President Bush's Approval Rating at 99.9% with .1% Allowed for Error U.S. Has $600 Billion Trade Surplus with China |
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"What's goin' on?" Regular at the Sunoco at Rhawn and Verree in NE Philly was $2.59 at lunchtime. Now it's $2.65! Regular at the Hess station near my workplace was $2.53 at lunchtime. Now it's $2.61!!! A six and eight cent jump in 5 hours? What happened? Did Al Qaeda blow up the Statue of Liberty or did an earthquake wipe out Texas? As usual, nobody's doing anything about it but offering excuses.
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Replying to: lemko (Apr 07, 2006 2:05 pm) Have to repost my sightings as things changed in a 9-hour period: 4/6/06 - near work (western suburbs of Chi-town), 6:30am: Reg/Med/Premium Fuel: 2.49/2.60/2.75 Meijers and Sonic Fuel: 2.65/2.78/2.87 Shell, Mobil, BP and the like Same stations, 5:30pm Fuel: 2.78/2.87/2.98 Shell, Mobil, BP and the like |
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from 2.69x to 2.75x x=9. supposedly energy stocks tanked today. maybe prices will drop tomorrow. doubt it. |
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Replying to: pf_flyer (Apr 07, 2006 7:24 am) me: well you can bet on future events, which is what markets and equities markets do based on 1) present events that will have an effect on the future, or 2) a general prediction of the future. 2) would include: having a feeling that in the next several months one or more of the following things will disrupt energy supplies - hurricanes, Nigerian rebels, Iran, political turmoil in other countries ... The more things to worry about, the higher the probability that there will be problems. Apple stock went way up the other day because they announced their computers will now work with windows. They FEEL they'll sell many more computers. Were the investors foolish? should they have waited until Apple actually sold those computers and announced the profit? |
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The prices here are completely outrageous Mobil 2.97 Super 2.87 Premium 2.69 Regular Where is all the outrage like last summer? How come its only when prices reach new highs that people call for lower prices? Last year when it reached this level there was outrage everywhere it was the only thing that actually helped bring gas prices down.
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Replying to: lemko (Apr 07, 2006 2:05 pm) Rocky |
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"Last year when it reached this level there was outrage everywhere it was the only thing that actually helped bring gas prices down" That's part of the pricing psychology. Jack it up till people whine, lower it a bit (but not to previous levels) to appease them, then jack it up again...repeat over and over. Two steps forward, one step back. Hurricane season should be fun this year...I've already seen meteorological predictions of another rough season. Maybe that has the speculators excited too. This year's profits should create some excellent tax breaks and other associated perks. |
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