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Off Topic Off Topic - General non-Corvette related discussion. |
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07-24-2015, 6:52pm | #81 | ||||||||
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Gas companies make about the same......by time all the BS is over with.... IMO, WE prohibit ALL oil imports or exports, tell the islamics to go to HELL....we good for some 200 years on oil alone..... by then we have another source of energy, ...... edit, Yeh IC, I love to be 35 again..... |
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07-24-2015, 6:57pm | #82 | ||||||
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07-24-2015, 7:03pm | #83 | |||||||
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We're talking oil prices here. That is just one factor that is going to hurt the global economy. We can tell the rest of the world to keep their oil and be just fine but that'll never happen. What is happening is cyclical, not systemic. You can't have an economy running full tilt year after year. It's natural to have ebbs and flows. Lower fuel prices will help the American consumer. That's all I'm saying. The world economy is an entirely different ballgame. |
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07-24-2015, 7:09pm | #84 | |||||||
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What is happening is that oil price are lower due to two factors. One is increased output to force American oil companies to shut down operations so the state owned companies of OPEC can keep us out of their market. The second major driver of lower oil prices ihe world economy is slowing. The countries that buy from America no longer can buy from us since they are in resection. Both are bad for the American worker and the economy. |
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07-24-2015, 7:19pm | #85 | |||||||
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Who said anything about the US being in a recession? Our economy has been really hot lately and a slowdown should be expected. Autos, housing, Apple, Steel, the job market, except for that one guy, etc all are chugging right along. I see interest rates going up a half a point very soon. That will get the housing market going even more, as people sitting on the sidelines will be forced to move, as the specter of further hikes may put them out of the market. We do see things a bit differently and I don't disagree with all of your points. We can speculate all we want but only time will tell. |
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07-24-2015, 7:28pm | #86 | |||||||
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Thanks for the conversation. |
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07-24-2015, 7:30pm | #87 | ||||||
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07-24-2015, 7:51pm | #88 | |||||||
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The America Economy was in a bubble from 1945 until the mid 70's. The it burst. we had a resurgence in the 1980's when we massively changed the way we did business and went toe to toe with te world. We lost that in the 1990's and we are and will continue to struggle until we recognize that being a consumer based economy is not going to work long term. We NEED GDP growth of at least 4.5% just to give the American kids coming into the market place a job. We have been way below tat for the last ten years. US GDP Growth Rate by Year We have 100 MILLION Americans living in home collecting means tested welfare while we have 15 MILLION Illegals doing work their lazy ass parents should be doing. Our biggest and best corporations, like Apple, keep heir profit overseas and invest in India, China, Malaysia and other places because the ROI for bring the money back to the USA sucks. We are in a moribund economy , much like Europe, and we are there simply because we do not use capital efficiently. |
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08-03-2015, 6:54pm | #89 | ||||||
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So why did the gas prices here jump up by 31 cents per gallon? $2.18 yesterday and $2.49 today. Why are premium prices all over the place? From a low of $2.65 to a high of $3.19.
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08-03-2015, 6:58pm | #90 | ||||||
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Still trying to figure that one. Drove over to the DMV on Thurs to pay the taxes on my truck. Drove my the station...$2.42 a gallon for diesel. Thinking, "great, I'll fuel on my way home". Two hours later, same station, $2.56
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08-03-2015, 6:59pm | #91 | ||||||
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08-03-2015, 7:01pm | #92 | ||||||
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08-03-2015, 7:21pm | #93 | ||||||
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Gas prices dropped in the two days that I went from Buffalo to Washington and back ans are down 12 ¢ a gallon here in WNY.
Just wait.... You'll see $2.00 regular by Christmas. This stuff don't happen overnight. |
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08-03-2015, 7:23pm | #94 | ||||||
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The price going up by 30+ cents does. It trickles down and then overnight they raise it back to where it was before the trickling down.
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08-03-2015, 7:49pm | #95 | |||||||
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Any of the area managers can raise prices at any time for pretty much any reason. Reducing prices requires a meeting and consensus of the majority of those in charge. ( that keep the lower management from sticking it to the company by dropping prices at the wrong time ) |
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08-03-2015, 9:27pm | #96 | ||||||
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My 401k and IRA are doing well and local employment is up. Hard to bitch about that.
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08-04-2015, 3:36am | #97 | |||||||
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08-04-2015, 5:36am | #98 | ||||||
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2.24 per gallon here this morning
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08-04-2015, 5:57am | #99 | ||||||
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I worked at an oil refinery welding pipe for three years which qualifies me to make this statement; gas is too fukin expensive. Bring back $1.50/gallon gas, I'd be in my 30's and its morning in America again.
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08-04-2015, 6:04am | #100 | ||||||
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Since this thread was started, a barrel of crude has fallen below $46.00, and was knocking on $45's door yesterday.
Oil is basically in a free fall right now. Pump prices generally take a few weeks to catch up to the raw commodity prices. |
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