RV Fuel Issues & Prices - Post 'Em Here!

[Dick_A]

All other fuel threads will be automatically deleted. 🙂

[rright3329]

Try gasbuddy.com

[trnfla]

dropped to 2.78 in south tampa

[cpaulsen]

Still at 3.23 per gallon here in Northern California....been this way for a few months.....since i dropped from 3.25.

[SRT]

Noticed to day that some gas stations had lowered their prices to $2.87 from $2.93. A little breathing space before they make a lunge for $3.00 a gallon?????:R

[Fezziwig]

Investors such as "bid time" are usually referred to as 'arbitrageurs', that is, they arbitrate small price differences over small times. Their net effect is to smooth out rough transitions in economic swings and variations, which many regard as a benefit. They seldom have a large influence on overall longterm prices.

[AO_hitech]

bid_time wrote:
If you think I can drive the price up by investing my money into oil why don't you invest your money "short" in oil and drive the price down?...

Not necessarily personally, but speculators as a whole do. I don't have enough money to drive the price down. If I did I probably wouldn't care what the price was!

[bid_time]

AO_hitech wrote:

bid_time wrote:
Correction, It's "Investors", I'm not speculating. I'm Investing my money legally with the hopes of making a profit on my investment. Same as you buying a stock that you think will go up in price. Except I am buying a commodity, perfectly legal.

When speaking of commodities, it's speculating. And speculating is not illegal. But it is what drives the price up.

If you think I can drive the price up by investing my money into oil, why don't you invest your money "short" in oil and drive the price down? I have no more control over the price of oil then you do. I'm just willing to invest my money into investments that I think are going to go up in price. It's just that simple. If I'm right, I make a profit; if I'm wrong I lose money. Just like the money I lost when I invested in GM stock.

[AO_hitech]

bid_time wrote:
Correction, It's "Investors", I'm not speculating. I'm Investing my money legally with the hopes of making a profit on my investment. Same as you buying a stock that you think will go up in price. Except I am buying a commodity, perfectly legal.

When speaking of commodities, it's speculating. And speculating is not illegal. But it is what drives the price up.

[SRT]

bid_time wrote:

koda55 wrote:
I do think that the speculators are at it again.

Correction, It's "Investors", I'm not speculating. I'm Investing my money legally with the hopes of making a profit on my investment. Same as you buying a stock that you think will go up in price. Except I am buying a commodity, perfectly legal.

But you are probably only buying a "few" shares. The speculators are buying thousands of shares. Well, we don't have to worry, the gov't is now going to help BP with the oil spill. Plus I understand they've shut down several near by oil rigs. This week I expect to see another jump in gas prices.:R

[bid_time]

koda55 wrote:
I do think that the speculators are at it again.

Correction, It's "Investors", I'm not speculating. I'm Investing my money legally with the hopes of making a profit on my investment. Same as you buying a stock that you think will go up in price. Except I am buying a commodity, perfectly legal.

[koda55]

I do think that the speculators are at it again.

[Bumpyroad]

I saw a $3.05 today in MD.
bumpy

[SRT]

KA_BOOM! Gas went up 10¢ a gallon of gasoline from $2.83 to $2.93. Looks like they will reach the $3.00 mark real soon now....:E Wonder what touched off the increase? Naw, it can't be the summer driver season, can it??? :S

[SRT]

Whee! Price of a gallon of gasoline dropped a whole 2¢ to $2.83. It was $2.77 at the local Sam's Club.

[bid_time]

SRT wrote:
Yup, the price of gasoline is rising again. Just in time before the summer driving season. The speculators are alive and well.

How come people that buy stocks or bonds with their money are called "Investors" and people that buy oil contracts are called "Speculators". I invest my money in many ways, including stocks, bonds, mutual funds, oil futures contracts, etc. Every one of my transactions are done legally, and, in the end, I pay income tax on my profits the same as anyone else.