SuFantasma 0 #1 November 20, 2008 Good news!!!! Maybe we can have the WFFC again next year .... time to buy some reserve fuel in the next 30 days....Y yo, pa' vivir con miedo, prefiero morir sonriendo, con el recuerdo vivo". - Ruben Blades, "Adan Garcia" Quote Share this post Link to post Share on other sites
normiss 620 #2 November 20, 2008 I paid $1.90 / gal last night. Where are the reductions in airline ticket prices and jump tickets?????????? I can't believe how low prices are now, HALF of what they were 6 months ago! Quote Share this post Link to post Share on other sites
SuFantasma 0 #3 November 20, 2008 QuoteI paid $1.90 / gal last night. Where are the reductions in airline ticket prices and jump tickets?????????? I can't believe how low prices are now, HALF of what they were 6 months ago! It's $1.76 to $1.81 around my area.... that's still not cheap enough for me :-)Y yo, pa' vivir con miedo, prefiero morir sonriendo, con el recuerdo vivo". - Ruben Blades, "Adan Garcia" Quote Share this post Link to post Share on other sites
Remster 24 #4 November 20, 2008 QuoteWhere are the reductions in airline ticket prices and jump tickets?????????? Eloy has reduced their tickets.Remster Quote Share this post Link to post Share on other sites
simplyputsi 0 #5 November 20, 2008 Although this is good news, it's not good news. I can't wait to hear the excuses next summer when it's back to 4 something a gallon. You got the money, now might not be a bad time to buy, I just don't know what fund follows the price of a barrel.Skymama's #2 stalker - Quote Share this post Link to post Share on other sites
stevebabin 0 #6 November 20, 2008 Off topic, but it made me think of this song... http://www.dosgringosrocks.com/music-1.html "Science, logic and reason will fly you to the moon. Religion will fly you into buildings." "Because figuring things out is always better than making shit up." Quote Share this post Link to post Share on other sites
RALFFERS 0 #7 November 20, 2008 QuoteQuoteI paid $1.90 / gal last night. Where are the reductions in airline ticket prices and jump tickets?????????? I can't believe how low prices are now, HALF of what they were 6 months ago! It's $1.76 to $1.81 around my area.... that's still not cheap enough for me :-) I WISH I was in your area! That's dirt-cheap!! Around here it's between $2.00-$2.30 (I'm not complaining); that's cheap for Chicago... If it ever gets down to $1.50 I'm going to be a real happy camper - happy happy, joy joy even...Dialogue/commentary between Divot, Twardo & myself - "from your first Oshkosh when the three of us were riding to or from one of Quote Share this post Link to post Share on other sites
Icon134 0 #8 November 20, 2008 It's been $1.69/gal at one of the stations the last few days...Livin' on the Edge... sleeping with my rigger's wife... Quote Share this post Link to post Share on other sites
Andrewwhyte 1 #9 November 20, 2008 Here in Oil country folks are bracing for sub $40.00, but still expecting it to return to $70-$80 next year. Don't buy that 7.5L extended SUV just yet. Quote Share this post Link to post Share on other sites
SuFantasma 0 #10 November 20, 2008 Quote Off topic, but it made me think of this song... http://www.dosgringosrocks.com/music-1.html So... you will be able to afford a fill-up on a KC-135?Y yo, pa' vivir con miedo, prefiero morir sonriendo, con el recuerdo vivo". - Ruben Blades, "Adan Garcia" Quote Share this post Link to post Share on other sites
RALFFERS 0 #11 November 20, 2008 QuoteHere in Oil country folks are bracing for sub $40.00, but still expecting it to return to $70-$80 next year. Don't buy that 7.5L extended SUV just yet. So, is this gonna be the new trend now? Prices drop in the winter and skyrocket in the summer? Where is this prognosis coming from? (honest question.)Dialogue/commentary between Divot, Twardo & myself - "from your first Oshkosh when the three of us were riding to or from one of Quote Share this post Link to post Share on other sites
Andrewwhyte 1 #12 November 20, 2008 Quote So, is this gonna be the new trend now? Prices drop in the winter and skyrocket in the summer? Where is this prognosis coming from? (honest question.) I think the feeling is that just as $145.00 was disproportionately speculator driven, so is the sub $70.00. Quote Share this post Link to post Share on other sites
mircan 0 #13 November 20, 2008 Over here in Europe, at least in this crooked country and in neighborhood, there seems to be NO drop in retail fuel prices (only minor-symbolic). At least for now. 1 litre here is still about 1 euro, which would be ~3.78 euro for 1 gallon. (4.73$). Sucks. Big time. Here, there is a pattern in price changes. Prices only go up. For example, when some commodity price jumps up (like oil), retail prices go up. But when prices at world market drop down (which is rare, but it happens, like now) retail prices stay at the same level.dudeist skydiver #42 Quote Share this post Link to post Share on other sites
SuFantasma 0 #14 November 20, 2008 QuoteQuote So, is this gonna be the new trend now? Prices drop in the winter and skyrocket in the summer? Where is this prognosis coming from? (honest question.) I think the feeling is that just as $145.00 was disproportionately speculator driven, so is the sub $70.00. I am not sure about the sub $70 price level to be speculation-driven... the demand had dried up and there is no near-term indicators of demand going up again .... However, that doesn't mean that the market manipulators will not create "events" to Venturi the oil supply ( Somalia Pirates comes to mind, read the papers today). The overheated oil prices opened a window of opportunity for alternative energy sources.... yes there was speculation on the markets driving the price up (temporary), but the Oil barrons will not let the high price give an opportunity to alternative sources (unless they had a chance at buying the sources).... Math is simple, open the window of opportunity, reveal the 'good ideas", crash the underlying opportunity (high oil prices), buy out the "good ideas" now in-debt and unable to bring to market, repeat cycle. Manipulation, that's all.Y yo, pa' vivir con miedo, prefiero morir sonriendo, con el recuerdo vivo". - Ruben Blades, "Adan Garcia" Quote Share this post Link to post Share on other sites
BillyVance 34 #15 November 20, 2008 QuoteQuoteQuoteI paid $1.90 / gal last night. Where are the reductions in airline ticket prices and jump tickets?????????? I can't believe how low prices are now, HALF of what they were 6 months ago! It's $1.76 to $1.81 around my area.... that's still not cheap enough for me :-) I WISH I was in your area! That's dirt-cheap!! Around here it's between $2.00-$2.30 (I'm not complaining); that's cheap for Chicago... If it ever gets down to $1.50 I'm going to be a real happy camper - happy happy, joy joy even... It's between $1.95 and $1.99 here in Alabama. Should be lower... Divot is getting $1.60 near his home..."Mediocre people don't like high achievers, and high achievers don't like mediocre people." - SIX TIME National Champion coach Nick Saban Quote Share this post Link to post Share on other sites
Broke 0 #16 November 20, 2008 Are you talking about men like T. Boone Pickens. That man spent a lot of his own money made from oil to advise people what we need to do to get off of Oil.Divot your source for all things Hillbilly. Anvil Brother 84 SCR 14192 Quote Share this post Link to post Share on other sites
Andrewwhyte 1 #17 November 20, 2008 Quote I am not sure about the sub $70 price level to be speculation-driven... the demand had dried up and there is no near-term indicators of demand going up again .... However, that doesn't mean that the market manipulators will not create "events" to Venturi the oil supply ( Somalia Pirates comes to mind, read the papers today). OPEC will almost certainly cut production. Production here in Alberta will have some reduction at this price level, and a lot at $40.00. Even in recession the price elasticity of demand in US can be expected to be high in this neighbourhood. Although China's demand is expected to be relatively flat it is still expected to be a rise, same for India. BTW I don't think $100M worth of hi-jacked oil will affect the price. Quote Share this post Link to post Share on other sites
SuFantasma 0 #18 November 20, 2008 QuoteQuote I am not sure about the sub $70 price level to be speculation-driven... the demand had dried up and there is no near-term indicators of demand going up again .... However, that doesn't mean that the market manipulators will not create "events" to Venturi the oil supply ( Somalia Pirates comes to mind, read the papers today). OPEC will almost certainly cut production. Production here in Alberta will have some reduction at this price level, and a lot at $40.00. Even in recession the price elasticity of demand in US can be expected to be high in this neighbourhood. Although China's demand is expected to be relatively flat it is still expected to be a rise, same for India. BTW I don't think $100M worth of hi-jacked oil will affect the price. I agree, OPEC will cut production, that's a given. Venuzuela will follow too... As for the hijacked tanker, it's more than the oil it is holding right now, it's the disruption to the supply chain. The 2 million barrels will not find its way to its destination, the schedule of thanker is disrupted, which "forces" Saudi Arabia to cut production due to "lack of storage facilities". Somebody has to throttle back a refinery because the oil didn't arrive and rework the forecast production schedule because future tanker shipments will be cut... all of it adds up to non-delivery of projected oil shipments.... And a tanker is just a "toke of appreciation" fired across the bow... pun intended.... God help us if a major refinery is next.....Y yo, pa' vivir con miedo, prefiero morir sonriendo, con el recuerdo vivo". - Ruben Blades, "Adan Garcia" Quote Share this post Link to post Share on other sites
Andrewwhyte 1 #19 November 20, 2008 Quote I agree, OPEC will cut production, that's a given. Venuzuela will follow too... . Minor point: Venuzuela is within OPEC Quote Share this post Link to post Share on other sites
SuFantasma 0 #20 November 20, 2008 Quote Quote I agree, OPEC will cut production, that's a given. Venuzuela will follow too... . Minor point: Venuzuela is within OPEC You are absolutely correct ... that was an incomplete thought as I was typing .... Venezuela will follow up with country-specific shipping reductions (meaning the US and its supporters)... we know the Chavez thing ... Thanks for bringing it up to my attention Y yo, pa' vivir con miedo, prefiero morir sonriendo, con el recuerdo vivo". - Ruben Blades, "Adan Garcia" Quote Share this post Link to post Share on other sites
ZigZagMarquis 8 #21 November 20, 2008 QuoteWhere are the reductions in airline ticket prices and jump tickets?????????? Perris recently reduced the price of their jump tickets too. As for gas prices... it would be nice to see the price of a gallon of gas get below $1. I'd take a picture. I wouldn't think I'd ever see that again in my time. Quote Share this post Link to post Share on other sites
doug925 0 #22 November 20, 2008 Quote Here in Oil country folks are bracing for sub $40.00, but still expecting it to return to $70-$80 next year. Don't buy that 7.5L extended SUV just yet. Considering I run a company that services the Oil/Gas industry, I would love to see prices stabilize. High, or low, it needs to stabilize! Most service companies are sitting with their thumbs in their butts right now because dropping oil, and economic uncertainty. Doug.I have never developed indigestion from eating my words. Winston Churchill Quote Share this post Link to post Share on other sites
PhreeZone 14 #23 November 21, 2008 $1.58 over here today.Yesterday is history And tomorrow is a mystery Parachutemanuals.com Quote Share this post Link to post Share on other sites
stitch 0 #24 November 21, 2008 Although I know no one is complaining. Gas prices still aren't keeping pace with the drop in crude prices. When oil was $ 45@barrel 5 years ago, gas was about $1.25 - $1.40@gallon."No cookies for you"- GFD "I don't think I like the sound of that" ~ MB65 Don't be a "Racer Hater" Quote Share this post Link to post Share on other sites
dynamicedge 0 #25 November 21, 2008 Low gas/oil prices is NOT a good thing. It's just a symbol of very very BAD things... Quote Share this post Link to post Share on other sites
