GAS PRICES ?

DutchmenSport wrote:
Looks like the oil companies have finally figured out our economy is in the toilet. By lower fuel prices and keeping it there, people are starting (and doing) more.

I wonder if some big CEO of one of the oil companies finally realized the price of gas was so high at one time, that his kids school coorporation were going to start charging for kids to ride the school bus (remember when that happened, and what a stirr it caused?) I think they finally realized what they did. Let's hope prices stay a bit more affordable.

You don't REALLY think the oil companies have any influence on the price of oil do you?

We've seen prices in the Dallas area starting to climb the past two weeks.

Dick_B wrote:
Wrong. The Saudi's have continued to pump crude into the system even tho there is a glut of crude and the demand has decreased (more efficient vehicles) thus lowering the prices. Also, they would like to put the US out of the crude oil business which might happen if the price of crude goes low enough to make fracking less profitable and ultimately a loser.

Bingo! The oil producing countries are in fact producing and selling oil at a profit, and are able to do so, so much cheaper than the U.S. The bad side is how this will effect those employed in that field, and investments in the energy market.

You can track wholesale gas prices

Google RBG15.NYM for Feb 15
RBH15.NYM for March 15
RBJ15.NUY FOR aPRIL
RBK15.NYM FOR MAY
RBN15.NYM FOR JUNE

IF YOU GO FURTHER BE AWARE SOME LETTERS ARE SKIPPED

Dick_B wrote:
Wrong. The Saudi's have continued to pump crude into the system even tho there is a glut of crude and the demand has decreased (more efficient vehicles) thus lowering the prices. Also, they would like to put the US out of the crude oil business which might happen if the price of crude goes low enough to make fracking less profitable and ultimately a loser.

X2!
:S

What Dick_B said... I saw where the former ceo of Shell oil has predicted the price of oil and thus gas will return to recent highs by year end, so fill up now...

Spring is just around the corner. We'll probably see prices rise a bit since Summer blends are more expensive to produce.

Gas prices have started creeping back up here but still can be found for $1.79.

But diesel is holding steady or even still dropping a little (2.37) so the price premium for diesel is now in the 60-70 cent range where it was 90-100 cents higher a few weeks ago.

Wrong. The Saudi's have continued to pump crude into the system even tho there is a glut of crude and the demand has decreased (more efficient vehicles) thus lowering the prices. Also, they would like to put the US out of the crude oil business which might happen if the price of crude goes low enough to make fracking less profitable and ultimately a loser.

I figured by now the prices would have already gone up. Looks like the oil companies have finally figured out our economy is in the toilet. By lower fuel prices and keeping it there, people are starting (and doing) more. More travel, more entertainment, more movies, purchasing new autos again, feeling comfortable about their futures not so afraid they have to make the choice between a gallon of gas or a loaf of bread. People are mobile again, doing things again, spending money again. If they want the economy to improve at all, it needs to stay at a lower price for a long-long time. Face it, the more people buy, the more sales tax they pay. The more sales tax, the more goes into the government coffers. More in the coffers means more services, more employees, more of everything. Take that away and people become fearful of spending agian, and everyone looses.

I wonder if some big CEO of one of the oil companies finally realized the price of gas was so high at one time, that his kids school coorporation were going to start charging for kids to ride the school bus (remember when that happened, and what a stirr it caused?) I think they finally realized what they did. Let's hope prices stay a bit more affordable.