About Gasoline Prices?

Missileer · October 30th, 2005

There are several stations around our little town that are selling gas for $1.58. It's not one of those bait/switch tricks. It's been like that since Friday. I heard on the news that the storage tanks are full, both oil and gas. They say that speculators had the price inflated because the big oil companies say that oil should be $36.00 per barrel. When gas hit $3.00/gal, people curtailed travel so much that supplies are outpacing demand so much that some refinerys are idle.

Is anyone else experiencing this elsewhere?

tomtom22 · October 30th, 2005

Have you seen the recent earnings reports of the big oil companies?
Earnings are way up. I wonder why?

OORAH · October 30th, 2005

dude, you think 1.58 for a gallon is bad, we're still at 2.56 in rural NY

rotc boy · October 30th, 2005

ive seen 2.36 in texas, but thats the lowest, not 1.58...

Duty Honor Country · October 30th, 2005

we are right around $2.20 here in Tennessee.

Did anyone else see that Exxon is not going to put one dime of that 10 billion into alternative fuels?

Missileer · October 31st, 2005

In this same report, one of the big companies, probably Exxon, said that they had nothing to do with the price that gasoline sells for but make a huge profit because of the speculation. I wouldn't put much hope on their reinvesting into research.

I filled up on Thursday at $2.34 and thought that would be the lowest we would see for a year or more. So do we blame the investors in oil futures or just who? The Mobils and Exxons are just reaping the rewards of inflated prices and oil producers set prices on what the speculator is willing to buy on margin. I can see a lot of investors being stuck with futures that they bought at $60.00/barrel when the adjustment sets prices at $36.00/barrel. That ought to cool inflation for a long while.

Well, my Wife just got home and told me that she filled up at the Quick-Stop down the street and the owner said that he was going back up to $2.20. I'm glad we both filled up.

CDTGaticaW201 · October 31st, 2005

Wow..... 1.58? I just got a sigh of relief when 93 dropped down to 2.49 last week. Now I can actually get 4 gallons with 10 bucks

Navy Boy · October 31st, 2005

In my town the gas price is $2.40.

LIPS · October 31st, 2005

We are paying $1.2799AUD per litre where I live which I still think is good. So you guys are getting it really cheap. So I would be paying about $5.75955AUD per gallon. working on a gallon is 4.5 litres.

Navy Boy · October 31st, 2005

Dang that sucks

October 30th, 2005	#1
Missileer	Gasoline Prices? info There are several stations around our little town that are selling gas for $1.58. It's not one of those bait/switch tricks. It's been like that since Friday. I heard on the news that the storage tanks are full, both oil and gas. They say that speculators had the price inflated because the big oil companies say that oil should be $36.00 per barrel. When gas hit $3.00/gal, people curtailed travel so much that supplies are outpacing demand so much that some refinerys are idle. Is anyone else experiencing this elsewhere? “War is an ugly thing but not the ugliest of things; the decayed and degraded state of moral and patriotic feelings which thinks that nothing is worth war is much worse.” —John Stuart Mill

October 30th, 2005	#2
tomtom22	Have you seen the recent earnings reports of the big oil companies? Earnings are way up. I wonder why? "It doesn't take a hero to order men into battle. It takes a hero to be one of those men who goes into battle." - Norman Schwarskopf, Commander of Desert Storm Operations

October 30th, 2005	#3
OORAH	dude, you think 1.58 for a gallon is bad, we're still at 2.56 in rural NY And shepards we shall be For thee, My Lord, for thee Power hath descended forth from thy hand That our feet may quickly carry out thy command So we shall flow a river forth to thee And teeming with souls shall it ever be In nomini Patri, et Fili, Spiritus Sancti Veritas, Aequitas

October 30th, 2005	#5
Duty Honor Country	we are right around $2.20 here in Tennessee. Did anyone else see that Exxon is not going to put one dime of that 10 billion into alternative fuels? "The best form of taking care of troops is first-class training, for this saves unnecessary casualties." Erwin Rommel

October 31st, 2005	#6
Missileer	In this same report, one of the big companies, probably Exxon, said that they had nothing to do with the price that gasoline sells for but make a huge profit because of the speculation. I wouldn't put much hope on their reinvesting into research. I filled up on Thursday at $2.34 and thought that would be the lowest we would see for a year or more. So do we blame the investors in oil futures or just who? The Mobils and Exxons are just reaping the rewards of inflated prices and oil producers set prices on what the speculator is willing to buy on margin. I can see a lot of investors being stuck with futures that they bought at $60.00/barrel when the adjustment sets prices at $36.00/barrel. That ought to cool inflation for a long while. Well, my Wife just got home and told me that she filled up at the Quick-Stop down the street and the owner said that he was going back up to $2.20. I'm glad we both filled up.

October 31st, 2005	#7
CDTGaticaW201	Wow..... 1.58? I just got a sigh of relief when 93 dropped down to 2.49 last week. Now I can actually get 4 gallons with 10 bucks Formerly DlanoeG

October 31st, 2005	#8
Navy Boy	In my town the gas price is $2.40.

October 31st, 2005	#9
LIPS	We are paying $1.2799AUD per litre where I live which I still think is good. So you guys are getting it really cheap. So I would be paying about $5.75955AUD per gallon. working on a gallon is 4.5 litres. Some more words of wisdom from LIPS

About Gasoline Prices?

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