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Old 03-09-2011, 03:48 PM   #1
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Will work for Gas Money

So...Gadhafi forces have just hit an Oil refinery and pipeline in Libya. Gas prices will probably be $4 a gallon at the end of the day. Gas is $3.50 a gallon here already. What will you do to conserve gas and will you consider alternative transportation or hybrids?
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Old 03-09-2011, 03:56 PM   #2
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Quote:
Originally Posted by CandaePrincess View Post
So...Gadhafi forces have just hit an Oil refinery and pipeline in Libya. Gas prices will probably be $4 a gallon at the end of the day. Gas is $3.50 a gallon here already. What will you do to conserve gas and will you consider alternative transportation or hybrids?
Candae Cane,

In our news it reported that to date, oil production is continuing at the same rate as it did before the Egypt Crisis.

Speculation is what is driving the price of oil up.

I didn't do well in my undergrad marketing class. Can someone explain why "What If" can drive prices up?

And how come prices don't deflate as fast as they rose, once there is no more Speculation?

Hmmmm?


What will I do to conserve gas? Probably only travel when necessary and do several errands on one trip.
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Old 03-09-2011, 06:53 PM   #3
3 down and 1 to go! lol
 
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Old 03-09-2011, 08:38 PM   #4
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Nevermind what happens in North Africa/Middle East....gas is $3.50 right now. I think we'll hit $5/gallon, easy.
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Old 03-09-2011, 09:58 PM   #5
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Oil, like all other commodities is traded on the NYMEX by people who probably don't know a darn thing about oil other than what blend will make them the most money. They see whats going on in the mid-east and think that government over throughs will happen in some of the other countries, like Saudi Arabia, and if such an event happens oil production there could be cut down significantly. SO they buy buy buy to make as much money on it as possible while its still in abundance. As WhoMe said "speculation".

The market here cannot bare $4 or more a gallon AGAIN, last time it got that high the economy starting to sink a bit because people had to raise their rates to reflect shipping costs etc, and unfortunatly some had to close because they couldn't raise their rates any higher.
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Old 03-09-2011, 11:10 PM   #6
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Old 03-10-2011, 01:52 AM   #7
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$3.49 here today, for some reason the Shell down the street thinks they can get $3.65
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Old 03-10-2011, 02:06 AM   #8
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Old 03-10-2011, 02:11 AM   #9
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So what are gas prices like where everyone lives?
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Old 03-10-2011, 02:16 AM   #10
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Old 03-10-2011, 02:19 AM   #11
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Old 03-10-2011, 02:24 AM   #12
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Old 03-10-2011, 01:50 PM   #13
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gas getting that high gonna havta start riding my war pony....
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Old 03-10-2011, 01:55 PM   #14
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I'm thinking about investing in a bike. I really would like one just to have to go on rides but if I had to run just to pick up a few items and could carry them in one bag....it would save on fuel!!!

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Old 03-10-2011, 02:02 PM   #15
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Note to self: When I move in a couple of months, find a place thats closest to the office...
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Old 03-10-2011, 05:14 PM   #16
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So what are gas prices like where everyone lives?
Tool,

Gas is $5.39 in Florida for regular. Anyone got this beat?

Gas Station in Florida Charges $5.39 per Gallon for Regular Grade - News Story - KVIA El Paso
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Old 03-10-2011, 05:32 PM   #17
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$3.30 - $3.50/gallon here.
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Old 03-11-2011, 01:03 AM   #18
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Paid $30.30 this afternoon, only got me 8.6 gallons ($3.49/g) , when I first started driving gas was hovering right between $1.90 and $2.00, smh its gotten bad
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Old 03-11-2011, 12:08 PM   #19
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shortage

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Old 03-11-2011, 12:24 PM   #20
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These wall street goons are starting to really piss me off. After news broke about the tsunami in Japan they went on a selling spree dropping the price below $100 a barrel, then a few hours later they find out that a handful of protestors in Saudi Arabia made a small rucus and then they went on a buying spree shooting oil back up to 100.51 (last reported price).
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