This thread was started on 2-24 and in my area the prices have started to go back up already. So maybe as low as $1 I am really beginning to doubt it.
As I said several times in this threadâŠIf anyone can accurately predict gas prices they should invest every dime they have in gas futures and reap the reward.
I paid over $2 today. Maybe its time to rewrite the subject line. Who started this anyway? It wasnât anymore accurate then than it is now. Oh, MSN Money. Rivals CNN but CNN Money had the good sense to eliminate the comments section where they can ridicule the lack of reality in their articles. Called âclick baitâ I think.
If anyone could accurately predict gas prices theyâd be Billionaires from buying gas futures.
I paid 1.99 yesterday. If it stays here Iâll be happy. BTW diesel is even lower at some gas stations.
I donât remember having Winter when I lived there in the mid 1970s.
And you can count on another price jump when it returns to Summer blend.
With the crude glut looking pretty persistent I bet gas prices will bounce around current levels for quite a while, months Iâd think.
I was taught by my parents to be a conservationist. It is a similar concept to that of the American Indian way of treating our Mother Earth. âTake only what you need. Give back all that you can.â
âWhat happens is that the Fed keeps tweaking the numbers.â Are you insinuating that far less than hundreds of people died in flaming Pintos and our current unemployment levels are not necessarily true?
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Supply and demand and inventories determine gas price fluctuations. If there is a temporary glut, you could see very low prices. If there are several major refineries down you could see a short term spike. In the long term, the King if Saudi Arabia and OPEC determine gas prices.
Cheap oil hurts Russia, Iran, Saudi Arabia, etc. because their economies were supported by >$60 per barrel oil. Cheap oil helps China compete!
I heard on the radio yesterday that sales of mid-sized sedans are down 25%
There was a clear correlation between that and increased sales of trucks and suvs, PURELY due to low fuel prices
Well, when prices are up again . . . and they will eventually be HIGH again . . . those idiots that traded in their Camrys and Accords for a F-250 or Suburban will be the ones crying and complaining, talking about conspiracies, etc.
I have 0% sympathy for such people
They made their bed, and theyâll have to lie in it
People like that donât have a right to complain, as far as Iâm concerned
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Yes, car buyers are extremely short-sighted! Low gas prices drive up pickup truck and other gas guzzler sales. Buyers forget these vehicles last 20 years or so and no one knows what gas prices are like 8-10 years from now!.
A senior in our area drives a mint condition 1976 Chevy Impala with the big block V8. He gets a whole 16 mpg highway and 11 around town. Since he does not drive much, he can afford to keep it.
I think you should just buy the car you want/need and pay the ups and downs of gas prices. The diesel is the only car I bought with fuel mileage in mind but that was the only option for reasonable mileage in a decent sized car. Now they all get pretty good mileage in comparison.
I think $1 is a pipe dream and would probably create more harm than good overall. The Ruskies and the Saudies just made a deal so they may be trying to pull themselves out of bankruptcy so doubt theyâll contribute to lower prices.
I believe Iâve said this here before, but if the tax on a gallon of gas is over .60, do you really think the price is going to go to $1.00? Never.
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Along the lines of what Bing said . . .
I think if you trade in an average sedan for a large truck or SUV, you should just ride it out long term . . . and donât complain about the cost to fill up the tank. Because nobody wants to hear your whining, anyways
And if you want to buy a Prius or an EV, just drive it and keep your mouth shut. Because nobody wants to hear your gloating, anyways
Fair enough, I would think, because I pretty much covered both ends of the spectrum
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Not too many states have tax that high. Fed tax is only 18 cents. NH state tax is around 20 cents. Thatâs well below 60 cents.
I actually donât know what Minnesota is anymore but attempts to raise it have fallen on deaf ears until they spend the money they already have on something other than trains. Regardless, I just donât think $1 gas is very realistic yet and Iâm quite happy to be around the $2 range. The thing is there are lots of people in the chain to provide gas at the tank-the drillers, truckers, refiners, local merchants, etc. They all need to get a little bit in order to stay in business.
Average state tax is a bit over $.30, add in federal tax and itâs right at $.50/gallon. PA is highest, $.70 total.
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This was my post from early in this thread and the possibility of that scenario remains as far as I can see.
When the administration opposes fracking and new pipelines and sees the oil industry as an enemy and finds Russia moving into the sectarian conflict in the M-E could it be that collusion with OPECâs Sunnis benefit the administration and OPEC in the long run? Could the POTUS be more Machiavellion than we ever imagined? Could Kerry be more talented than we ever imagined? The current oil market is certainly benefiting the administration. Of course it could be just dumb luck.
The continued bear market in oil doesnât add up except when calculating in political collusion⊠In my feeble logic anyway.