Gas prices 2019 and beyond

cany said:
You know and you better care because hes getting tired of it
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You're putting on a show for the BOYZ here? Fo shizzle my nizzle

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Fri, July 8, 2022 at 10:37 AM
finance.yahoo.com
(Bloomberg) -- Gasoline prices in the US just saw the biggest single-day drop in more than a decade.
Average US pump prices fell by 3.1 cents to $4.721 a gallon overnight, marking the largest daily drop since December 2008, according to auto club AAA. Prices at the pump have been falling for the past 24 days — the longest streak of declines since April 2020 — along with losses in crude oil prices, which make up around 60% of the cost of gasoline.

"HE DID THAT"
 
movetheboat said:
Fri, July 8, 2022 at 10:37 AM
finance.yahoo.com
(Bloomberg) -- Gasoline prices in the US just saw the biggest single-day drop in more than a decade.
Average US pump prices fell by 3.1 cents to $4.721 a gallon overnight, marking the largest daily drop since December 2008, according to auto club AAA. Prices at the pump have been falling for the past 24 days — the longest streak of declines since April 2020 — along with losses in crude oil prices, which make up around 60% of the cost of gasoline.

"HE DID THAT"
Click to expand...
???
 
movetheboat said:
Fri, July 8, 2022 at 10:37 AM
finance.yahoo.com
(Bloomberg) -- Gasoline prices in the US just saw the biggest single-day drop in more than a decade.
Average US pump prices fell by 3.1 cents to $4.721 a gallon overnight, marking the largest daily drop since December 2008, according to auto club AAA. Prices at the pump have been falling for the past 24 days — the longest streak of declines since April 2020 — along with losses in crude oil prices, which make up around 60% of the cost of gasoline.

"HE DID THAT"
Click to expand...

Yeah, nothing like a recession to lower demand. And not to worry, history tells us this particular group knows how to get us out of a recession. We'll be in a war with somebody soon.
 
Avenger said:
Yeah, nothing like a recession to lower demand. And not to worry, history tells us this particular group knows how to get us out of a recession. We'll be in a war with somebody soon.
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boom and bust is a normal part of the economic cycle...things do not continue straight up or down....what group was it that brought us to Desert storm and operation Iraqi freedom again?

rates will raise another 50-75 basis pts this month and break the back of the inflation grip.....If the Ukraine war ends....it's over Johnny!!! I get the feeling that some would actually rather all this continue just to help their "SIDE" or something....really bat chit crazy stuff out there
 
movetheboat said:
boom and bust is a normal part of the economic cycle...things do not continue straight up or down....what group was it that brought us to Desert storm and operation Iraqi freedom again?

rates will raise another 50-75 basis pts this month and break the back of the inflation grip.....If the Ukraine war ends....it's over Johnny!!! I get the feeling that some would actually rather all this continue just to help their "SIDE" or something....really bat chit crazy stuff out there
Click to expand...

You mean like the people who wanted the economy to collapse so Trump wouldn't be re-elected? There's plenty of leftys out there that espoused that. Bill Mahr being one of the first that comes to mind. I've also noticed that he is suddenly pulling back from some of his positions. I don't know if that means he's had an epiphany, or he's looking for ratings. Cynical me guesses the latter.

If you think fooling with interest rates is going to overcome the damage caused by "quanatative easing" you're kidding yourself.

However, I am willing to agree that there are very few people from either party that really have America or the American people's interests at heart. They're the finest politicians that money can buy.
 
Supply and demand. Few theories are more accurate than the effect of supply and demand on prices.

As long as we keep paying for gas, no matter the price and vote down price related legislation, they will keep raising the price. why shouldn't they, until they kill the golden goose.

In the past, efforts at conservation and fuel alternatives forced oil companies to lower the price of gas until those alternatives became uneconomical and were abandoned. But recently politics got involved on the side of the oil companies and against the interests of consumers.

This time, as gas prices rose way out of wack with the price of oil, some of the public attacked anyone advocating for some way to reduce demand or attack the oil companies. The higher the price went, the stronger the anger against those advocating alternatives, and the less and less blame was put on the companies actually raising the prices.

But eventually, they went a little too far, got the golden goose a little sick, and demand has reduced. No problem for them, folks are now used to $4+ per gallon even if oil is "only" $100 a barrel and gas should be in the low $3's.
The only permanent way to keep prices down is with alternatives to oil based fuel to increase the fuel supply, or increased efficiencies and alternatives to reduce demand.

The best way to keep prices high is to fight any effort to move away from reducing the supply of fuel options or increasing efficiencies.

Supply and demand.
 
wholesale gasoline is 3.30 the gap between wholesale and retail right now is ridiculous.....price gouging! People are still flocking to the roads at high prices so why not milk it for all it's worth!!
 
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