Gas in Washington, MO $2.56

[Expect2Win]

Tuesday night.

Now I am not suggesting any conspiracy or anything, but with ISIS controlling more of Iraq, and the other issues in the middle east, why would gas prices be going down?
I wonder if there is an election happening in a couple of weeks. I know Rumor would tell me that there are more forces in the market than just an election, but when it happens every two years, you have to ask yourself...

#ThanksObama

 

[Stevedangos]

World economy is slowing and overall demand is decreasing at the same time crude oil production is increasing its just supply and demand at work.

 

[Neutron Monster]

You have recency bias about elections. Look at 2010. No drop in gas prices before the election.

Biggest source of the drop is global economic worry. There's some supply and demand stuff US (good US supply, slashed estimates of demand growth, non-US suppliers not cutting supplies because they need the cash) but the real issue is that all asset classes tied to risk (including stocks and oil) are getting killed right now.

 

[Bogey Man]

Damn Obama must be the reason.

 

[3Rfan]

It pretty much blows the past claims about oil/gas price hikes out of the water. Many times it's been said price hikes were due to worries over what's happening the Middle East. If somebody so much as mentioned the Straits of Hormuz or turmoil in the Middle East prices jumped 10 or 20 cents a gallon and kept doing that for weeks. There could not be anymore turmoil in the Middle East, ISIS has control of some oil fields and and LOTS of territory WE are blowing up the oil rigs/refineries with airstrikes. The perfect storm for huge increases in oil and gas prices yet it's dropping like rock. Supply and demand my ass!!!!

 

[millerbleach]

Originally posted by 3Rfan:
It pretty much blows the past claims about oil/gas price hikes out of the water. Many times it's been said price hikes were due to worries over what's happening the Middle East. If somebody so much as mentioned the Straits of Hormuz or turmoil in the Middle East prices jumped 10 or 20 cents a gallon and kept doing that for weeks. There could not be anymore turmoil in the Middle East, ISIS has control of some oil fields and and LOTS of territory WE are blowing up the oil rigs/refineries with airstrikes. The perfect storm for huge increases in oil and gas prices yet it's dropping like rock. Supply and demand my ass!!!!

And prices reflected that....well over $3. Then, another factor enters the equation. Demand is projected to plummet. If things were to quiet down with ISIS it would really drop.

 

[3Rfan]

Prices reflected what?!!! It was over $3 when ISIS was a baby. They stir the pot more that it has been since 9/11 and oil and gas prices are in a free fall. Supply and demand has NOTHING to with the price of oil and gas. There has been NO shortage of either in 30 years.

 

[millerbleach]

Originally posted by 3Rfan:
Prices reflected what?!!! It was over $3 when ISIS was a baby. They stir the pot more that it has been since 9/11 and oil and gas prices are in a free fall. Supply and demand has NOTHING to with the price of oil and gas. There has been NO shortage of either in 30 years.

So, your conspiracy theory is that big oil has dropped prices $20 a barrel and gas prices $.50 a gallon to be generous?

 

[Stevedangos]

Demand is dropping worldwide. What gas milage does your car get compared to 20 years ago??

 

[3Rfan]

How many cars are on the road today compared to 20 years ago. Wait make that how many full size trucks and suv's are on the road compared to 20 years ago. Gas mileage is a little better but waaaaay more people are driving V-8 trucks and suv's than there used to be. How many mini vans do you see today compared to full size SUV's? Not to mention the mid size SUV's that do NOT get good gas mileage either. My 2014 4wd truck gets 21mpg at it's very best cruising on the interstate and it gets about 13 or14mpg where it gets most of it's use which is within 5 miles of my house. 30 years ago I had a 1978 4wd truck that got about 18 and 12 in the same conditions. Take the "slightly" better mpg and add millions more trucks and suv's and I doubt if demand is less in the USA. My wife drives an suv that gets about the same. I have a 2003 Escort that gets about 34mpg on the road but gets very little use outside of basketball season. The only reason my gas consumption "might" be less is because I don't work on the RR any more and drive 30 to 50 miles to work and back 5 days a week. But at the same time I was doing that my vehicle was setting still for at least 8 hours a day, now I can drive it any time of day I choose. I don't whose gas consumption is down much.

 

[Neutron Monster]

You could try this amazing thing called google when you're wondering about a fact on oil or petroleum usage in the US. Hint: it's down over the time period you are referencing.

You're missing the third big trend in driving in the US besides efficiency and a move to crossover SUVs- people are driving less miles. Driving took a dip post recession and it hasn't recovered. It reflects continued slack in unemployment, continued growth in working from home, and the beginning of the wave of baby boomer retirements (retirees drive less on average).

 

[Neutron Monster]

Here's the link: http://www.eia.gov/tools/faqs/faq.cfm?id=23&t=10

 

[Neutron Monster]

To add even more the overall demand for oil and oil equivalents is down around 10 percent in the US over the last seven years. So e of that is the recession but there is a permanent shift towards efficient underway. The realistic forecast of US demand involves flat to slightly declining demand going forward. That includes the effect of population growth.

There's demand growth in emerging economies but the developed world will likely use less oil in 20 years unless something material changes.

 

[Bogey Man]

I still say its Obama's fault.

 

[Duck_walk]

it seems like the rumor would be a lot easier to type in than neutron monster. just sayin.

 

[Neutron Monster]

A change of pace is good for us all.

 

[3Rfan]

None of that explains why oil and gas prices are falling drastically during THE worst turmoil in the Middle East in a decade when that was the number 1 excuse they have used for many years when they jacked up prices for no apparent reason.

 

[3Rfan]

You know different retirees than I do. Working folks cars set all day while they work. Retired people run around all day and travel more. Maybe when they get to be 70 or older they will drive less, but not the first several years. But then you do live in the St.Louis area where people have to drive 50 miles or more to work because they do not want to live close to their jobs inside the city. I can't blame them for that.

 

[Bogey Man]

I have to laugh at people driving around their big shiny $30K 4 wheel drive pick ups that never leave the pavement getting 15 miles to the gallon and then complain about gas prices. Europeans have been paying much more for a long time.
England = $8.00
France = $8.52
Italy = $8.92

We are such a spoiled society.

Automobiles are a phallic symbol in America!!!


This post was edited on 10/19 8:10 AM by Bogey Man

 

[3Rfan]

Mine doesn't leave the pavement too often but it sure is nice when it snows. I have to take the wife to work ya know.

 

[millerbleach]

Originally posted by 3Rfan:
None of that explains why oil and gas prices are falling drastically during THE worst turmoil in the Middle East in a decade when that was the number 1 excuse they have used for many years when they jacked up prices for no apparent reason.

They are falling drastically because demand is dropping. Supply is a much smaller factor if there is no demand.
What is your theory on why the greedy SOB big oil companies are dropping prices? If supply and demand don't matter then why?

 

[3Rfan]

Elections in a couple of weeks. No demand??!!! You people can't be serious with that.

 

[Neutron Monster]

Come on now are you seriously suggesting the average retiree drives more than the average worker????

Commuting everyday is kind of a big deal. Remember, 4/5ths of America lives in an urban area.

This post was edited on 10/20 12:58 AM by Neutron Monster

 

[Drop.Tine]

Everything is a phallic symbol in America. Houses, cars, toys etc.....If it wasn't we would be living on the bare minimum.




Europe wants you to use public transit systems + heavy tax + no production...

 

[Drop.Tine]

Oh and most people that I know who don't use their truck for work drive a gas efficient car. Everybody complains about gas, not just people driving 30k trucks.

 

[Neutron Monster]

Originally posted by Drop.Tine:
Everything is a phallic symbol in America. Houses, cars, toys etc.....If it wasn't we would be living on the bare minimum.




Europe wants you to use public transit systems + heavy tax + no production...

Not really true, public transport is not a good option for plenty of Europeans. The average Western European owns and drives a car.

Europe has a little different situation than the US - all the oil is imported in most countries save Norway and the UK. High taxes not only serve an environmental purpose; they also help keep economic spending in the country, limit the potential impact of an oil price shock, and limit the amount of oil they need to buy from potentially unstable partners. Japan is the same way.

This post was edited on 10/20 12:56 PM by Neutron Monster

 

[Drop.Tine]

Originally posted by Neutron Monster:

Originally posted by Drop.Tine:
Everything is a phallic symbol in America. Houses, cars, toys etc.....If it wasn't we would be living on the bare minimum.




Europe wants you to use public transit systems + heavy tax + no production...

Not really true, public transport is not a good option for plenty of Europeans. The average Western European owns and drives a car.

Europe has a little different situation than the US - all the oil is imported in most countries save Norway and the UK. High taxes not only serve an environmental purpose; they also help keep economic spending in the country, limit the potential impact of an oil price shock, and limit the amount of oil they need to buy from potentially unstable partners. Japan is the same way.


This post was edited on 10/20 12:56 PM by Neutron Monster

They have a much more detailed rail and bus system in Europe. To say otherwise is a lie.

Welcome back rumor

 

[Neutron Monster]

Originally posted by Drop.Tine:

Originally posted by Neutron Monster:

Originally posted by Drop.Tine:
Everything is a phallic symbol in America. Houses, cars, toys etc.....If it wasn't we would be living on the bare minimum.




Europe wants you to use public transit systems + heavy tax + no production...

Not really true, public transport is not a good option for plenty of Europeans. The average Western European owns and drives a car.

Europe has a little different situation than the US - all the oil is imported in most countries save Norway and the UK. High taxes not only serve an environmental purpose; they also help keep economic spending in the country, limit the potential impact of an oil price shock, and limit the amount of oil they need to buy from potentially unstable partners. Japan is the same way.


This post was edited on 10/20 12:56 PM by Neutron Monster

They have a much more detailed rail and bus system in Europe. To say otherwise is a lie.

Welcome back rumor

Overall true, although that has a lot to do with Europe being really old than anything when compared to the US. There's a reason LA has a bad mass transit system and Boston has a good one - Boston developed as an old compact city in the pre-automobile era. LA is a land of sprawl.

Basically every large city in Europe is hundreds to thousands of years old with a very old urban core. Investing in mass transit made more sense than investing in roads for places like that.

The core of Europe is much, much denser than the core of the US with the exception of a few places like the Northeast Corridor (Boston-NY-Philly-DC) and Chicago because of their legacy of development.

Still, if you live outside of the urban core of a big city, you may have a subway/bus system to use in Europe, but you're still decently likely to own a car because it doesn't fit all of your needs.

 

[Neutron Monster]

Originally posted by Drop.Tine:
Oh and most people that I know who don't use their truck for work drive a gas efficient car. Everybody complains about gas, not just people driving 30k trucks.

Granted, I live in a part of town where people have money to waste, but it still astounds me the % of people who drive around every day in a big vehicle (truck or SUV). Commuters in big trucks and SUVs. Soccer moms driving $40,000 SUVs with a V6. It's pouring cash into a hole in the ground for the most part.

I mean, you've got a right to spend your money on whatever you please, it just seems like an odd choice to me.

 

[Drop.Tine]

Originally posted by Neutron Monster:

Originally posted by Drop.Tine:
Oh and most people that I know who don't use their truck for work drive a gas efficient car. Everybody complains about gas, not just people driving 30k trucks.

Granted, I live in a part of town where people have money to waste, but it still astounds me the % of people who drive around every day in a big vehicle (truck or SUV). Commuters in big trucks and SUVs. Soccer moms driving $40,000 SUVs with a V6. It's pouring cash into a hole in the ground for the most part.

I mean, you've got a right to spend your money on whatever you please, it just seems like an odd choice to me.

Again how is that any different than anything else? Houses? Clothes?

I don't see the issue with soccer moms driving a Suburban. Makes it a helluva lot easier to move your kids around.

No different than a stiff in a 65K BMW that you can only fit two people and a handbag in.

 

[Black&Gold82]

Gas is cheaper in Washington, Mo. because they are making it cheaper for protesters to burn business's.

 

[Neutron Monster]

Originally posted by Drop.Tine:

Originally posted by Neutron Monster:

Originally posted by Drop.Tine:
Oh and most people that I know who don't use their truck for work drive a gas efficient car. Everybody complains about gas, not just people driving 30k trucks.

Granted, I live in a part of town where people have money to waste, but it still astounds me the % of people who drive around every day in a big vehicle (truck or SUV). Commuters in big trucks and SUVs. Soccer moms driving $40,000 SUVs with a V6. It's pouring cash into a hole in the ground for the most part.

I mean, you've got a right to spend your money on whatever you please, it just seems like an odd choice to me.

Again how is that any different than anything else? Houses? Clothes?

I don't see the issue with soccer moms driving a Suburban. Makes it a helluva lot easier to move your kids around.

No different than a stiff in a 65K BMW that you can only fit two people and a handbag in.

We each have our own priorities, that one just isn't high on my list.

 

[3Rfan]

Bogey I can see you haven't priced very many "big shiny 4 wheel drive" pickups. $30k won't buy you as much as it used to. $8 a gallon gas is why those folks drive those goofy looking little cars with funny sounding horns.

 

[Expect2Win]

Originally posted by Black&Gold82:

Gas is cheaper in Washington, Mo. because they are making it cheaper for protesters to burn business's.

I missed this earlier.
It was a good one though.

 

[3Rfan]

Seems like we've stalled at $2.75 in my neighborhood.

 

[wccards21]

Originally posted by 3Rfan:
How many cars are on the road today compared to 20 years ago. Wait make that how many full size trucks and suv's are on the road compared to 20 years ago. Gas mileage is a little better but waaaaay more people are driving V-8 trucks and suv's than there used to be. How many mini vans do you see today compared to full size SUV's? Not to mention the mid size SUV's that do NOT get good gas mileage either. My 2014 4wd truck gets 21mpg at it's very best cruising on the interstate and it gets about 13 or14mpg where it gets most of it's use which is within 5 miles of my house. 30 years ago I had a 1978 4wd truck that got about 18 and 12 in the same conditions. Take the "slightly" better mpg and add millions more trucks and suv's and I doubt if demand is less in the USA. My wife drives an suv that gets about the same. I have a 2003 Escort that gets about 34mpg on the road but gets very little use outside of basketball season. The only reason my gas consumption "might" be less is because I don't work on the RR any more and drive 30 to 50 miles to work and back 5 days a week. But at the same time I was doing that my vehicle was setting still for at least 8 hours a day, now I can drive it any time of day I choose. I don't whose gas consumption is down much.

If you're buying a new Truck/SUV, and get a V-8.....you're just wasting money. My buddy got a 2014 fully load Chevy with their new V-6, and I would put it up against a comparable V-8 in any category.

 

[Drop.Tine]

Originally posted by wccards21:

Originally posted by 3Rfan:
How many cars are on the road today compared to 20 years ago. Wait make that how many full size trucks and suv's are on the road compared to 20 years ago. Gas mileage is a little better but waaaaay more people are driving V-8 trucks and suv's than there used to be. How many mini vans do you see today compared to full size SUV's? Not to mention the mid size SUV's that do NOT get good gas mileage either. My 2014 4wd truck gets 21mpg at it's very best cruising on the interstate and it gets about 13 or14mpg where it gets most of it's use which is within 5 miles of my house. 30 years ago I had a 1978 4wd truck that got about 18 and 12 in the same conditions. Take the "slightly" better mpg and add millions more trucks and suv's and I doubt if demand is less in the USA. My wife drives an suv that gets about the same. I have a 2003 Escort that gets about 34mpg on the road but gets very little use outside of basketball season. The only reason my gas consumption "might" be less is because I don't work on the RR any more and drive 30 to 50 miles to work and back 5 days a week. But at the same time I was doing that my vehicle was setting still for at least 8 hours a day, now I can drive it any time of day I choose. I don't whose gas consumption is down much.

If you're buying a new Truck/SUV, and get a V-8.....you're just wasting money. My buddy got a 2014 fully load Chevy with their new V-6, and I would put it up against a comparable V-8 in any category.




If you don't work your truck, I can see this. If you do the V8 is the way to go, and is only about $1000 more.

 

[wccards21]

If you are out doing farm work, sure. He pulls trailers and works out of it. Does just fine. My best friend has a 2011 V-8 and I couldn't tell you a single difference in it. Me and him drove it out to Colorado hauling 4-Wheelers last year.


My Grandpas V-8 I can tell a difference. He had a custom built 6.0 put in his 66 Suburban. That thing hauls @$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$!!!!!!!

 

[Drop.Tine]

Originally posted by wccards21:

If you are out doing farm work, sure. He pulls trailers and works out of it. Does just fine. My best friend has a 2011 V-8 and I couldn't tell you a single difference in it. Me and him drove it out to Colorado hauling 4-Wheelers last year.


My Grandpas V-8 I can tell a difference. He had a custom built 6.0 put in his 66 Suburban. That thing hauls @$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$!!!!!!!

Unless you hooked the V6 up to that same trailer and pulled it to the same location you might have a case. The MPG isn't as big of an issue between the V6 and V8 as it would be if used for work. It's the fact the V6 would need to work harder to do the same load as the V8. I'd go with 5.3L V8 every time.

 

[oldroundballer]

Originally posted by Drop.Tine:

Originally posted by wccards21:

If you are out doing farm work, sure. He pulls trailers and works out of it. Does just fine. My best friend has a 2011 V-8 and I couldn't tell you a single difference in it. Me and him drove it out to Colorado hauling 4-Wheelers last year.


My Grandpas V-8 I can tell a difference. He had a custom built 6.0 put in his 66 Suburban. That thing hauls @$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$!!!!!!!

Unless you hooked the V6 up to that same trailer and pulled it to the same location you might have a case. The MPG isn't as big of an issue between the V6 and V8 as it would be if used for work. It's the fact the V6 would need to work harder to do the same load as the V8. I'd go with 5.3L V8 every time.

I'm kind of partial to my Duramax myself.