Re: Fill up the the tanks before Friday...

The RiverCat^-^ wrote:

JBSRV,

I can't really get into it here because it gets too involved and I don't want to confuse you and be off limits here.  I just want to let you know that there is more to Economics than the basic principle of supply and demand.  Keep studying economics and you will learn other factors that play into the equation.  I will just let you know most Americans think of it as just a supply and demand issue when there are other reasons why the oil prices are fluctuating.  As you advance in your studies, you will learn to apply these factors and your view will broaden.  Most people don't even know the number 1 importer of American oil.

Yeah i now what you mean. We are getting in to some pretty difficult stuff right now... and were not even into Macroeconomics yet.

My mind hurts right about now.

-Eric

"It makes it sound like the amp is about ready to explode, that's because it IS about ready to explode." -Joe

"I've come all the way from Colorado... Long way from my home. Give me the hammer that killed John Henry..." The Ballad Of John Henry

Re: Fill up the the tanks before Friday...

JBSRV wrote:
The RiverCat^-^ wrote:

JBSRV,

I can't really get into it here because it gets too involved and I don't want to confuse you and be off limits here.  I just want to let you know that there is more to Economics than the basic principle of supply and demand.  Keep studying economics and you will learn other factors that play into the equation.  I will just let you know most Americans think of it as just a supply and demand issue when there are other reasons why the oil prices are fluctuating.  As you advance in your studies, you will learn to apply these factors and your view will broaden.  Most people don't even know the number 1 importer of American oil.

Yeah i now what you mean. We are getting in to some pretty difficult stuff right now... and were not even into Macroeconomics yet.

My mind hurts right about now.

-Eric

Make it fun.  Just put on some Joe Bonamassa when you study.  The more you get into it the more it will make sense.  It is alot to take in at first but then it will come together for you.  If you have a buddy in class that might make it more fun.  I don't want to bore you and make your mind hurt more.  I just want to say good for you for making the effort and I hope you have some good discussions in class.

Now go out and have a fun-tastic wheeeeeeeeeeeeeeeeeeekend big_smile

"Holy Toledo"  -  Bill King   "Just Win Baby" - Al Davis  "The Autumn Wind" - Steve Sabol

21

Re: Fill up the the tanks before Friday...

TieDyeVikki wrote:

My husband just paid $2.35 a gallon today, here in the Mechanicsburg PA area.  That's just down the road from Carlisle PA, which is a big trucking hub, and there have been price wars going on there for months now, which many of the gas stations nearest to me have been participating in... it's been great!  I often travel within a 3 hour radius for concerts, and prices are always higher in surrounding areas and states, or even in the next town over for that matter.  Needless to say, I try to do all my fill-ups at home, even if it means buying a couple gallons elsewhere to tide me over til I can get home to fill up. wink

Bizzer, that may be the first time I've heard of anyplace else being lower than here (actually our truck stops and warehouse clubs are probably around $2.32 a gallon also)... congratulations! smile

One of our local grocery stores, Giant, has a deal going where you can earn gas points over several weeks' time, and then you have a couple weeks to use your gas discount, good for 1 fill-up.  Like you buy any 5 items from this group to earn $.20, any 8 items from another group to earn another $.20, etc, plus $.10 for every $100 you spend.  Well last time I did some very careful and smart shopping (used coupons too) and ended up earning a discount of $1.70 a gallon!  We filled my husband's tank since it's the biggest, and only paid $.91 a gallon, which saved us a total of like $34.50!  The program started over again this week... not sure I'm up to all that shopping again (I HATE shopping, ugh), plus I'm pretty stocked now, lol... so I probably won't do nearly as well this time.

--Vik cool

Must be nice. NY is in the process of adding a tax to gas here sad Great time to do it with the way the economy is. At least they waited till prices came down though.

Dreams only last the night.

Re: Fill up the the tanks before Friday...

$2.87 per gallon at the corner!!!!!!!!!!

OPEC is raising the price of the barell next month.....someone needs a butt spankin, I'm tired of this bs....just venting folks, dont take me too serious.....I am a mailman though , so you can insert the punchline  smile

Shred

Re: Fill up the the tanks before Friday...

As a young kid, even before I was driving; gas was 18.9 cents/gal.  Had a 1970 340 Challenger R/T, 8 miles to a gallon; life was good.  Now, I'm paying right under 6 bucks a gallon for fuel that comes hot outta the ground a few hundred miles from where I call home.  The oil is refined in Fairbanks, hauled in during the summer when our road is open.  Funny thing is they haul the same fuel refined in Fairbanks clear down to Seattle and sell it a couple bucks cheaper a gallon there. Our fuel price might drop a dollar or so come nx summer but not much more. 

Economics aside, it's plain old greed and whatever the market will bare; never going to change either.  About all one can do is cut their fuel consumption and get ready for new fuel taxes down the road. 

I have a 1000 gal diesel tank full buried. We have a oil fired hot water boiler but installed a couple woodstoves which saves us 1800 gal of oil consumption/year.  If the local gas station continues to hose everybody at 6 bucks nx summer, I'm actually considering burying 2 new thousand gallon tanks for gas, I can do this for 2500 bucks.  Probably pay for itself in a year or so in savings of taxes & high fuel prices.  I'll probably find the fuel supplier won't deliver to me unless I buy 10,000 gallon, ha.  Then I'll start filling 55 gallon drums and hauling it in myself.  That will get the local gas station guy to lower his prices,, maybe?  He actually told me that he'd match the price if I start hauling it in myself, ha.  Everybody's making money at the oil game;  we just pay.

Re: Fill up the the tanks before Friday...

Somebody I know on another forum from Dearborn MI posted the other day that he'd just paid $2.15 a gallon... even lower yet!

--Vik cool

Re: Fill up the the tanks before Friday...

After beans and cornbread consumption, I run on natural gas.

Rock On & Keep the FAITH
             It is
Blues From the Bottoms

Re: Fill up the the tanks before Friday...

As we speak, $1.99 here in Indianola.

"I'm not nice to any guitar!"      lol
                 Joe Bonamassa 05-03-12

JBLP CHILD #184

Re: Fill up the the tanks before Friday...

Vote Truth, Vote Blue, Vote Red or Rock The Vote. To me it's all the same. In reality it doesn't matter. The people will still have to trudge on and fend for themselves.

He who wins will be the biggest spender....... and the biggest hypocrite.

Stay Safe
Spider

Re: Fill up the the tanks before Friday...

Just a few more days left Spider and the little political blurbs contained in the post signatures will be irrelevant. Some people however feel that they must take every opportunity to let us know how they are voting.

Voting for truth has me a little baffled. If that were the case I suppose we would all have to stay home.

Re: Fill up the the tanks before Friday...

Well it looks like we wont be drilling In Utah for oil....that will be killed in Jan....I'm not going to make a political statement outright....hell, I guess were going to depend on all our oil elsewhere roll....go ahead raise the price of oil, we'll pay whatever you want sad

Sincerely,

Whatever!

Re: Fill up the the tanks before Friday...

Filled up the rental sled in Stockton, CA this evening @ $2.179/gallon. That works out to about 0.45 euros/L if my math is correct.  In California no less!

Major Tom to ground control...

Re: Fill up the the tanks before Friday...

RICjunkie wrote:

Filled up the rental sled in Stockton, CA this evening @ $2.179/gallon. That works out to about 0.45 euros/L if my math is correct.  In California no less!

QUICK HIT THE GAS!!!...dude, they kill people in that city just for kicks...I know, it's an hour from me....me and my brother got a sayin for certain parts of that place, he lives there...they stole his van right out of his driveway when his wife went inside for a moment and left it running....strapped with my glock, illegal or not wink

Hey, nice find on the gas...it's 10 cents more where I live

Shred

Re: Fill up the the tanks before Friday...

I was in Tijuana twice last month and I'm still here.

Major Tom to ground control...

33

Re: Fill up the the tanks before Friday...

What many people are unaware of is that the biggest factor in what you pay at the pump is not as much effected by what OPEC charges as it is by what happens on Wall Street.
Oil and gasoline are not just simply bought outright like you might think but rather are dealt like stock shares with major big players investing in and effecting the prices. The big price drop your now experiencing is due to the recent stock market crash with many investors now pulling out of the market which has in turn sent the oil futures diving.

A side note to this is that there is no reason that we have to be dependant on foreign oil other than our own government and oil companies creating the situation. Several years ago it was discovered that there is an oil field in the gulf of Mexico that dwarfs the oil in the mideast. The question then must be raised as to why not extract it ?
Ive been told that contrary to most peoples sound logic is that certain large oil companies are the largest contributers to the environmental groups and lobbies. Ive been told that the oil companies actually are having the environmentalists block drilling because they really dont want more oil, cause more supply would mean lower prices, less profits. The least amount at the highest price maximizes profits.

Re: Fill up the the tanks before Friday...

Not sure about the conspiracy you are alluding to although I don't know anything about the majors. I do have knowledge of one of the pioneers of Off Shore drilling technologies. Kerr McGee which recently sold to a Houston based company. I can assure you they never paid any environmentalists so they would have to drill hundreds of miles in the gulf.

They constantly battled the environmentalists and the government regulations as well as frivolous law suits on a constant basis. If the cost of extracting the oil cancels out the high price your are selling it for than it really doesn't make sense to drive your costs up. The high price does allow them to extract the hard to get to reserves I would think high prices and easy extraction would be the best case scenario for all oil companies.

Re: Fill up the the tanks before Friday...

hey Jane,

In reference to your comment, "Getting a later start in life myself compared to JBSRV but its never too late for learning and hope"
Its never too late and more importantly having the desire to keep learning is a wonderful thing.  Probably, the sweetest thing I ever read about B.B. King was how he yearns to learn something new every day.  He feels maybe a little less worthy sometimes for not having a higher education, but he does have the desire to learn.  If I had all the spare time in the world, that would be my #1 thing, I wish I had more time to read and learn.

Back to oil - heard a scary theory over the weekend about all the factors that trigger the up and down on the pricing. I was curious as to where we get most of our oil from and I found this, however I'm not positive what's current & accurate right now.

http://www.energyrefuge.com/archives/wh … s_from.htm

http://www.worldpoliticsreview.com/blog … px?ID=1021
The scary thing I heard referenced Russia, but not based in fact.  Their economy is affected by our lower prices.

StringsforaCURE~Helping cancer patients one STRING at a time.
http://stringsforacure.com/

Re: Fill up the the tanks before Friday...

Angela wrote:

hey Jane,

In reference to your comment, "Getting a later start in life myself compared to JBSRV but its never too late for learning and hope"
Its never too late and more importantly having the desire to keep learning is a wonderful thing.  Probably, the sweetest thing I ever read about B.B. King was how he yearns to learn something new every day.  He feels maybe a little less worthy sometimes for not having a higher education, but he does have the desire to learn.  If I had all the spare time in the world, that would be my #1 thing, I wish I had more time to read and learn.

Back to oil - heard a scary theory over the weekend about all the factors that trigger the up and down on the pricing. I was curious as to where we get most of our oil from and I found this, however I'm not positive what's current & accurate right now.

http://www.energyrefuge.com/archives/wh … s_from.htm

http://www.worldpoliticsreview.com/blog … px?ID=1021
The scary thing I heard referenced Russia, but not based in fact.  Their economy is affected by our lower prices.

It appears we are following my grandfathers advice. "Don't put all your eggs in one basket." He also told me that when it comes to businessmen, politicians and lawyers, the truth may never be known.