Re: F... gas prices
 

Time to buy those big ass SUV's again!

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It's down to $1.69 in CA. I just hope it last for a while.

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I love big oil............and my Escalade...........

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[quote=724Skinsfan;510437]Wow. We are at $1.29 (Kroger) here in Roanoke. With my Plus CArd savings I paid $0.99/gallon. [B]We're drinking[/B] [B]this sh*t with our Cocoa Puffs[/B].[/quote]
i love this line:)

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wtf is a wawa?

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[quote=jamf;510707]wtf is a wawa?[/quote]

Are there no Wawa's in Cali?

Wawa is a gas station, I'm guessing it's just an east coast one though, because there's one right near my house. It's similar to Sheetz in that I think all of them have a deli and a small grocery selection.

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I appreciate the drop in gas prices as much as the next guy (I hope all the speculators are eating raman noodles and sleeping in boxes). BUT - I suggest this price reduction is a short term thing that will end when the recovery begins. The same [I]real[/I] stresses on oil prices will return. In addition, the remedies being used by the Fed and the US Gov. are inflationary. Eventually, all this money being pumped into the system will drive the actual value of money down and prices up. Right now, with no money in the system (b/c of the lack credit and the loss of real wages), gas prices are falling from both the lower global demand and the depression of prices in general. This will change.

Will they hit 4.00 again soon? I doubt it in 2009 but my guess is that in 2010, with the recovery gianing strength prices will again top 3.00

Now is the time to invest the oil savings in the infrastructure of alternative tech.

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[quote=mooby;510710]Are there no Wawa's in Cali?

Wawa is a gas station, I'm guessing it's just an east coast one though, because there's one right near my house. It's similar to Sheetz in that I think all of them have a deli and a small grocery selection.[/quote]
Sheetz is an East Coast thing too...

jamf - Wawa is Circle K meets Subway (but better than Subway). Sheetz is Circle K meets Subway on Steroids. Both are truly good places to get some grub on the go.

BTW - my Wawa has gas for $1.59 right now. Filled up my 22 gallon SUV the other day for $32. Awesome.

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[quote=jamf;510707]wtf is a wawa?[/quote]

It's a corny wannabe Sheetz. Seriously, up at Penn State I saw so many arguments break out between Philly people hyping Wawa, and the sane normal people who realize Sheetz is way better. If you hate the Eagles' fans you should hate Wawa. Their supporters are one and the same: drunk, annoying, and wrong.

Re: F... gas prices
 

$1.26 today in Roanoke. When ahead and rinsed the dirt off of my car with a couple extra gallons.

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[quote=djnemo65;510756]It's a corny wannabe Sheetz. Seriously, up at Penn State I saw so many arguments break out between Philly people hyping Wawa, and the sane normal people who realize Sheetz is way better. If you hate the Eagles' fans you should hate Wawa. Their supporters are one and the same: drunk, annoying, and wrong.[/quote]
The rolls Wawa uses trumps Sheetz' rolls...it's not even close...

Coffee or Cold Cut Sub, Wawa > Sheetz. Everything else, Sheetz > Wawa.

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I have a Wawa and Sheetz right near me, to me they are the same place. Wawa with the slight edge simply because it is cleaner.

I will say Royal Farms potatoe wedges are the bomb.

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[quote=724Skinsfan;510437]Wow. We are at $1.29 (Kroger) here in Roanoke. With my Plus CArd savings I paid $0.99/gallon. We're drinking this sh*t with our Cocoa Puffs.[/quote]

Since everyone blamed Bush for the high gas prices, can we safely assume that Bush is to be commended for this low in gas prices?

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[quote=jsarno;510909]Since everyone blamed Bush for the high gas prices, can we safely assume that Bush is to be commended for this low in gas prices?[/quote]

No intelligent person puts the blame for oil prices all on a president, that is just stupid.

There are things he does that can impact the price, however. hostile actions not in line with OPEC, not researching enough on alternate energies, etc.

Re: F... gas prices
 

[quote=JoeRedskin;510716]I appreciate the drop in gas prices as much as the next guy (I hope all the speculators are eating raman noodles and sleeping in boxes). BUT - I suggest this price reduction is a short term thing that will end when the recovery begins. The same [I]real[/I] stresses on oil prices will return. In addition, the remedies being used by the Fed and the US Gov. are inflationary. Eventually, all this money being pumped into the system will drive the actual value of money down and prices up. Right now, with no money in the system (b/c of the lack credit and the loss of real wages), gas prices are falling from both the lower global demand and the depression of prices in general. This will change.

[B]Will they hit 4.00 again soon? [/B] I doubt it in 2009 but my guess is that in 2010, with the recovery gianing strength prices will again top 3.00

Now is the time to invest the oil savings in the infrastructure of alternative tech.[/quote]

Don't get me started Bro!

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[quote=jsarno;510909]Since everyone blamed Bush for the high gas prices, can we safely assume that Bush is to be commended for this low in gas prices?[/quote]
HECK NO, The oil companies feared [B]The Obama[/B] so they have brought the prices back down!

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[quote=CRedskinsRule;510933]HECK NO, The oil companies feared [B]The Obama[/B] so they have brought the prices back down![/quote]If this is true, and they are selling at a loss of $2.00 per gallon or more, then why don't they fear him enough to go out of business? Something ain't right.

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[quote=CRedskinsRule;510933]HECK NO, The oil companies feared [B]The Obama[/B] so they have brought the prices back down![/quote]

Ooops. You forgot to turn on your sarcasm font.

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[quote=GTripp0012;510956]If this is true, and they are selling [B]at a loss of[/B] [B]$2.00 per gallon or more[/B], then why don't they fear him enough to go out of business? Something ain't right.[/quote]
you really think they are losing money?

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[quote=dmek25;510976]you really think they are losing money?[/quote]No. I think it's an insane idea to believe they'd be willing to sell at that much of a loss and not go out of business. But it's an implication that has to be made in order to credit the aura of Obama for the drop in gas prices.

The price of oil per barrel is hovering around $50 now. It was around $140 this summer. That's the reason: global demand is down 10% because there's no global economic growth.

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[quote=GTripp0012;510999]No. I think it's an insane idea to believe they'd be willing to sell at that much of a loss and not go out of business. But it's an implication that has to be made in order to credit the aura of Obama for the drop in gas prices.

The price of oil per barrel is hovering around $50 now. It was around $140 this summer. That's the reason: global demand is down 10% because there's no global economic growth.[/quote]


A 10% drop in demand causes a 65% drop in price? If Opec cuts production 10% ( and were able to enforce it) , will the price go back to $140? I still think there is a lot of speculation involved. Money chases money in both directions and there is no law that says the flow has to necessarily be rational. Especially when people's vision does not extend beyond the next five minutes.

Of course the idea that the oil companies have lowered the price as an homage to Obama is an idea just stupid enough for most Obama supporters to believe.

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[quote=70Chip;512918]A 10% drop in demand causes a 65% drop in price? If Opec cuts production 10% ( and were able to enforce it) , will the price go back to $140? I still think there is a lot of speculation involved. Money chases money in both directions and there is no law that says the flow has to necessarily be rational. Especially when people's vision does not extend beyond the next five minutes.

[B]Of course the idea that the oil companies have lowered the price as an homage to Obama is an idea just stupid enough for most Obama supporters to believe[/B].[/quote]

It was a joke.

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i like how Obama is getting all the headlines, and hasn't set foot into the white house yet. i guess old W. is the epitome of a " lame" duck

Re: F... gas prices
 

[quote=70Chip;512918]A 10% drop in demand causes a 65% drop in price? If Opec cuts production 10% ( and were able to enforce it) , will the price go back to $140? I still think there is a lot of speculation involved. Money chases money in both directions and there is no law that says the flow has to necessarily be rational. Especially when people's vision does not extend beyond the next five minutes.

Of course the idea that the oil companies have lowered the price as an homage to Obama is an idea just stupid enough for most Obama supporters to believe.[/quote]If OPEC cut production 10%, it would probably go past 140. 10% is a ridculously massive amount, and based on the current reliance of economies on cheap oil, it would probably border on inhumane for OPEC to do that for no real good reason.

I think OPEC cut production like 1.5% in November to prevent the industry from being floored, and that meant (I think, I'm not sure on this number, I might have an extra zero) 150 million fewer barrels per day produced.

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[quote=GTripp0012;513170]If OPEC cut production 10%, it would probably go past 140. 10% is a ridculously massive amount, and based on the current reliance of economies on cheap oil, it would probably border on inhumane for OPEC to do that for no real good reason.

I think OPEC cut production like 1.5% in November to prevent the industry from being floored, and that meant (I think, I'm not sure on this number, I might have an extra zero) 150 million fewer barrels per day produced.[/quote]

Looks like 2 extra zeros:
[url]http://www.nytimes.com/2008/12/18/business/worldbusiness/18opec.html[/url]
According to the NYT, since September OPEC has made cuts totaling 4.2 million barrels a day (including a 2.2 million barrel/day pledge yesterday), which represents a 12% reduction since September.

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[quote=onlydarksets;513222]Looks like 2 extra zeros:
[URL]http://www.nytimes.com/2008/12/18/business/worldbusiness/18opec.html[/URL]
According to the NYT, since September OPEC has made cuts totaling 4.2 million barrels a day (including a 2.2 million barrel/day pledge yesterday), which represents a 12% reduction since September.[/quote]
I thought Bush controlled the price of gas and not OPEC?

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[quote=firstdown;513269]I thought Bush controlled the price of gas and not OPEC?[/quote]
Of course he does - have the OPEC cuts have any effect? Nope.

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[quote=onlydarksets;513270]Of course he does - have the OPEC cuts have any effect? Nope.[/quote]

They will its just takes time for the actual cut backs to start hitting the market. If these don't work they will make even more cuts in production until they do have the intended effect.

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[quote=hooskins;510913][b]No intelligent person puts the blame for oil prices all on a president, that is just stupid. [/b]

There are things he does that can impact the price, however. hostile actions not in line with OPEC, not researching enough on alternate energies, etc.[/quote]

That says it all. haha. Bush was the reason for all of lifes problems to many.

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[quote=jsarno;515415]That says it all. haha. [B]Bush was the[/B] [B]reason for all[/B] [B]of lifes problems to many[/B].[/quote]
just like Clinton was before him

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Paid $1.49 this morning for regular...

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im at $1.51. and still dropping

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I'm getting robbed - $1.61.

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You guy's are getting robbed I just filled up today at $1.29.

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Does anyone else think that maybe Iran is pulling the strings of Hamas in order to drive up the price of oil? Economically, they actually benefit from this unrest more than the Palestinians ever will. Ditto the Saudis. Just a thought.

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I just filled up for $1.75 :doh:

I'm not complaining though.

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[quote=dmek25;516477]im at $1.51. and still dropping[/quote]

So gas goes from $4 to $1.50 in a few months. Yeah, speculators weren't driving up the prices. :frusty:

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I thought gas prices usually went down during the winter months ... they've done nothing but go up so far.

$2.59 where I am.

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[quote=Beemnseven;653491]I thought gas prices usually went down during the winter months ... they've done nothing but go up so far.

$2.59 where I am.[/quote]

It makes no sense to me? This Summer is going to be a bitch!

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$2.92 here