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Off Topic Off Topic - General non-Corvette related discussion. |
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07-16-2015, 5:23pm | #61 | |||||||
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07-23-2015, 6:18am | #62 | ||||||
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A barell of crude closed at around $49.25 yesterday! See you at $42
Gas at the pumps has dropped 10¢ this week so far. |
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07-23-2015, 8:04am | #63 | |||||||
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And the USD has gotten stronger hurting American exporters. |
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07-23-2015, 7:17pm | #64 | |||||||
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I see no downside here except for the price of oil. |
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07-23-2015, 8:19pm | #65 | ||||||
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Be nice if the local stations dropped prices to match.
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07-23-2015, 8:24pm | #66 | |||||||
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Sorry...but I'm damn tired of seeing inflated prices at the pump and then reading about record profits by the big oil companies. I have zero sympathy. I've seen a $.15 per gallon drop around here and I couldn't be happier. And yes...I know all about the "cost of gas" and "cost of exploration" and all that crap that's tied into profit...but you know what? I don't give a shit. Let's see $1.50 per gallon...I want to feel like I'm 35 again. |
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07-23-2015, 8:33pm | #67 | |||||||
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Demand is going down as well as supply foing. Worldwide the major economies are slowing. |
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07-23-2015, 8:35pm | #68 | |||||||
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But their slowdown is replaced by the company doing more work for other companies. I would like to see pump prices continue to fall. |
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07-23-2015, 8:37pm | #69 | ||||||
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07-23-2015, 9:08pm | #70 | ||||||
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07-23-2015, 9:10pm | #71 | ||||||
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07-23-2015, 9:16pm | #72 | |||||||
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Aramco is state owned and much more profitable. And they are dumping oil to make American business stop shale oil production so they can protect their profit margins. |
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07-23-2015, 9:20pm | #73 | |||||||
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The OPEC countries don't want us to be energy independent. And they want our 1 TRILLION a year we send then for oil. That's a lot of American money not going to American employees and taxes. Add to that the global slow down in demand and this is one of many factors that can drive the world back into recession. |
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07-23-2015, 9:30pm | #74 | |||||||
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The American consumer and businesses benefit from the extra purchasing/ saving power afforded by lower fuel prices. High gas prices can be analogized to a tax on everyone that drives. For the relatively few workers that it hurts, greater America will benefit from the increased purchasing power |
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07-23-2015, 10:22pm | #75 | |||||||
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Other than at the gas pump, have you seen the price of ANYTHING go down? I haven't. |
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07-24-2015, 5:55am | #76 | |||||||
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The higher prices that you speak of coincided with the spike in fuel prices for the last 10 years. The airline, food, and plastic industry, and basically every other oil dependent business, passed on the increased cost of higher raw material prices to the consumer. Once prices increase, companies are very reluctant to drop them, as pricing power is so marginal. Ya, I know that you don't need an economic lesson, but that's it in a nutshell. I'm hoping that lower crude prices will result in a trickle down effect for the American consumer, thereby increasing their buying power. It has started at the pumps already but will take a lot longer to reach other businesses, and it may never, as you imply. VITE 1 - Is my take wrong? I'm not getting your point. Please splain so that I can comprehend your POV, as it's important. And a barrel of crude sits at $48.50 right now. |
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07-24-2015, 6:53am | #77 | |||||||
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On top of that many of the other world's economies are slowing and it will drag us down at some.point in the near future. |
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07-24-2015, 5:24pm | #78 | ||||||
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Sunoco regular $2.45, Premium...$3.10. Greedy thieves.
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07-24-2015, 6:24pm | #79 | |||||||
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07-24-2015, 6:43pm | #80 | ||||||||
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And get your facts straight. Airline industry average margin is 1% Airlines Have A Small Profit Margin - Business Insider Quote:
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