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Old 01-24-2015, 2:14am   #41
babablackgoat
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It's going to last a while; shrinking demand, global.
It is simply supply and demand.
Shrinking global economy.
Excess production from multiple sources.
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Old 01-24-2015, 7:22am   #42
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$1.73 last week, $1.89 this week. Is it going to creep back up slowly or will it do it overnight.
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Old 01-24-2015, 7:53am   #43
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My prediction.

Back near $100.00 / barrel before end of 2015.
I read that recently, too. I don't remember where
Hope it ain't true
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Old 01-24-2015, 7:58am   #44
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There is quite a difference around here, though. The highest is $3.00 a gallon, and the lowest is $1.87. That is just the spread in the low grades
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Old 01-24-2015, 9:30am   #45
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Around $1.85 here in middle GA.
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Old 01-24-2015, 9:36am   #46
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Gas is only worth a buck a gallon. Tops. I don't believe demand has anything to do with it.

Speculators and taxes drive the price up.
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Old 01-24-2015, 10:41am   #47
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Gas is only worth a buck a gallon. Tops. I don't believe demand has anything to do with it.

Speculators and taxes drive the price up.
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Old 01-24-2015, 11:17am   #48
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1.79 for regular here in NW Phoenix - 2.14 for premium
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Old 01-24-2015, 12:47pm   #49
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3.58 in Buffalo.
2nd highest in the country
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Old 01-24-2015, 1:03pm   #50
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There is quite a difference around here, though. The highest is $3.00 a gallon, and the lowest is $1.87. That is just the spread in the low grades
Low grade was $1.559 when I paid $1.759 for mid-grade.
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Old 01-24-2015, 3:05pm   #51
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Gas is only worth a buck a gallon. Tops. I don't believe demand has anything to do with it.

Speculators and taxes drive the price up.
Taxes haven't changed in years; speculators are people trying to make as much money as they can, bringing a desired product to a market; they help stabilize the market supply. Price is going to equalize based on supply and demand.
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Old 01-24-2015, 4:11pm   #52
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Anyone who has a problem with speculators in the free markets is a GD Communist.


If you feel they're making too much money by speculating, then feel free to jump in and grab your own piece of the pie.
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Old 01-24-2015, 7:47pm   #53
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Anyone who has a problem with speculators in the free markets is a GD Communist.


If you feel they're making too much money by speculating, then feel free to jump in and grab your own piece of the pie.
Why should somebody who has no actual way to handle the gasoline be able to make such a big impact on the price? Gas prices are down well over a dollar per gallon since the speculators aren't in as much.

Screw them and I hope they all went bankrupt
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Old 01-24-2015, 9:08pm   #54
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Thursday morning, $1.899. Thursday afternoon, $2.199.Monday it will probably be back under $2. One station in a neighboring county has Reg for $1.999 and Premium for $2.999
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Old 01-24-2015, 10:50pm   #55
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Back up to 1.99 here today. WTF??? Profit taking by Big Oil... again???
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Old 01-25-2015, 12:15am   #56
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1.92 for regular @ Costco today. The one that's got me puzzled is diesel. Diesel prices are all over the map- from $2.19-3.29, and there isn't a lot of obvious rationale as to how or why.
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Old 01-25-2015, 3:41am   #57
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Why should somebody who has no actual way to handle the gasoline be able to make such a big impact on the price? Gas prices are down well over a dollar per gallon since the speculators aren't in as much.

Screw them and I hope they all went bankrupt
So free market capitalism isn't fair?

Since the only solution is gubbmint intervention and control of the free market, i.e. Communism, I hereby declare anyone in favor of this to be rightfully designated a Communist.
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Old 01-25-2015, 4:08pm   #58
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Why should somebody who has no actual way to handle the gasoline be able to make such a big impact on the price? Gas prices are down well over a dollar per gallon since the speculators aren't in as much.

Screw them and I hope they all went bankrupt
I get your anger but the speculators have all still been in, just shorting the price with their algorithm trading. They make money on the way down too.
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Old 01-25-2015, 8:28pm   #59
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So free market capitalism isn't fair?

Since the only solution is gubbmint intervention and control of the free market, i.e. Communism, I hereby declare anyone in favor of this to be rightfully designated a Communist.
I'm all for free markets.

Make the speculators take delivery of the oil.
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Old 01-25-2015, 8:34pm   #60
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Commodities markets help stabilize risk, which helps stabilize price and supply.
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