Gas Prices

[ctenidae]

It keeps us busy during the summer, anyway.

:beer:

 

[ski_resort_observer]

They change the funds rate and set the targets for interest rates. Fiddling with the money supply changes the interest rates in fairly predictable ways. There's a pretty high correlation between the Fed's target rates and movements in the interest rates, so while maybe not technically directly a change in interest rates, the Fed's moves do, in fact, change the rates. Splitting hairs, and all that.

I don't think your splitting hairs at all. The Fed Interest Rate is the rate they charge banks and other depository institutions for short term usually overnight. Changes in the federal funds rate trigger a chain of events that affect other short-term interest rates, foreign exchange rates, long-term interest rates, the amount of money and credit, and, ultimately, a range of economic variables, including employment, output, and prices of goods and services.

In my book that's a pretty direct cause and effect. I also have two degrees but much to modest to list them. I learned my financial know how from my father, investing in the stock market for 40 years and the school of hard knocks.

BTW Ctenidae..remember the Powder 5 Fund I started on April 20, 2005? It's up 65% with Intrawest up 70%(course until the company was bought out and is no more) and Vail Resorts up 61%.

 

[salida]

Back to the topic at hand, I've read in quite a few places, that OPEC producing nations had been stock piling already refined oil through the summer to hike prices against nations like the US. However, they have run out of places to put this product, and it is costly for them to take plants off line, so their only choice would be to let this product go to market, which would account for the sudden price drops...

 

[ctenidae]

BTW Ctenidae..remember the Powder 5 Fund I started on April 20, 2005? It's up 65% with Intrawest up 70%(course until the company was bought out and is no more) and Vail Resorts up 61%.

Nice! That's pretty impressive performance for them. Best of breed, though, so if anyone's going to gain, it'd be them. I would think that sometime around now would be a good time to put some ASC in the portfolio- selling off a mountain can only help them.

salida- That sounds like some serious tinfoil-hattery to me. It is in OPEC's best interests to keep oil prices at a reasonable level. As soon as we quit using it, they're screwed. With a capital Screw.

 

[ski_resort_observer]

I have not heard anything about that but I did notice that the gasoline world inventory has dipped slightly while crude and natural gas is up the last couple of days. Could you offer one of the places you "read in quite of a few places"......you have peaked my curiousity.

 

[andyzee]

:dunce: It's $2.47 for regular by me.:roll:

 

[andyzee]

Down to $2.44

 

[dmc]

Down to $2.44

Nice!!! When I'm down in Stamford CT, I usually walk to work from my aparttment... So I never really know whats going on with gas until the weekend...

I wonder what it is at home... Probably $2.75...

 

[JimG.]

Nice!!! When I'm down in Stamford CT, I usually walk to work from my aparttment... So I never really know whats going on with gas until the weekend...

I wonder what it is at home... Probably $2.75...

Right on...that's the about the best I've seen in the Putnam/Dutchess area and prices are usually about the same in Greene. Paid $2.75 to fill up yesterday.

Saw prices today for $2.67 and $2.68 at two off brand stations in Brewster.

 

[roark]

I'm heading to CA for our wedding... I expect it's still well over $3...
And we'll be driving quite a bit... :-x

 

[JimG.]

I'm heading to CA for our wedding... I expect it's still well over $3...
And we'll be driving quite a bit... :-x

Probably a dumb question, but why are you going all the way to CA to get married?

If it's because you're going to Hawaii for your honeymoon, stay on the plane and get married there too.

 

[Jellis]

Actually, I've got a BSBA in Finance, work in investment consulting and finance, am finishing my MBA in May, and am sitting for the Level I CAIA on Tuesday. Not to be snarky, but I'd say I'm fairly well qualified to make comments on the state of the economy and the effects of Federal Reserve activities. At least well enough qualified to do it on a skiing message board.

I am still sitting here trying to figure out what the heck you wrote!! There are still a few letters of the alphabet missing :???:

 

[Jellis]

Nice!!! When I'm down in Stamford CT, I usually walk to work from my aparttment... So I never really know whats going on with gas until the weekend...

I wonder what it is at home... Probably $2.75...

Hmmm... I use to live in Stamford, CT.

 

[andyzee]

I'm heading to CA for our wedding... I expect it's still well over $3...
And we'll be driving quite a bit... :-x

Wait, I remember meeting your lovely wife, what's going on here?

 

[dmc]

Hmmm... I use to live in Stamford, CT.

I don't live on Stamford... I just stay at my corporate apartment a couple times a week...
it's a cool town though..

 

[Jellis]

I don't live on Stamford... I just stay at my corporate apartment a couple times a week...
it's a cool town though..

I dont remember much about the town except for the big mall... i do remember the gardner though :wink:

Guess I should mention the gas price here is $2.47 today to stay on topic!

 

[JimG.]

Wait, I remember meeting your lovely wife, what's going on here?

The plot thickens!

Roark?

 

[FRITOLAYGUY]

I have always found the Fuel tax interesting to look at considering how different it is in every state..

http://connecticutgasprices.com/tax_info.aspx

 

[roark]

The plot thickens!

Roark?

We did the Justice of the Peace thing in December, this is the real deal. I can only get away with being a cheap bastid so much ;-)

We're both from CA and most of the family is still there.

And too keep it on topic, I checked online for our old hometown: $3.30 /gal :-o

 

[JimG.]

We did the Justice of the Peace thing in December, this is the real deal. I can only get away with being a cheap bastid so much ;-)

We're both from CA and most of the family is still there.

And too keep it on topic, I checked online for our old hometown: $3.30 /gal :-o

Congrats!