Mass market gas price hysteria- $12 a gallon gas

[ctenidae]

I'm reading "Oil on the Brain" at the moment. I highly recommend it to everyone.

 

[Paul]

Station in town that was selling gas just the other day for $3.97 was $3.84 today. steezy......:grin:

down to $3.81 today :grin: these are the good ole days :lol:

I know some on here wish for prices to head north of $5 to quicken the switch to alternative fuels. Unfortunately right now, my wallet doesn't like that idea.

I hate you Ryan.

I was all excited about the big drop to $4.17 today. Well.... $4.17 if you use CASH. :uzi:

 

[drjeff]

I hate you Ryan.

I was all excited about the big drop to $4.17 today. Well.... $4.17 if you use CASH. :uzi:

Gotta just love CT!

 

[Paul]

Gotta just love CT!

Whatever happened to lowering taxes due to the bajillion dollars the state was going to make on slot machines?


God I hate it here in South Massachusetts

 

[roark]

Graphing oil prices in USD vs EUR yields some interesting info, especially if you overlay the FX rates.

Is there a way to post a non-hosted excel chart?

I'm sure there are many others, but This Site has some good stuff.

 

[roark]

I'm sure there are many others, but This Site has some good stuff.

..

The main interesting point here is the the recent increase in oil prices is not apparent in the euro prices for gasoline, but is very clear from the US dollar prices. In euros, the price of a gallon of gasoline has not changed substantially (on average) since June 2005. In dollar prices, it has been increasing rapidly since at least December 2007.

 

[drjeff]

Whatever happened to lowering taxes due to the bajillion dollars the state was going to make on slot machines?

Just remember, revenue to a politician is like crack to an addict

 

[deadheadskier]

I hate you Ryan.

I was all excited about the big drop to $4.17 today. Well.... $4.17 if you use CASH. :uzi:

Filled up for $3.67 today :grin:

now if that wack job in Iran would just pipe down and the wackos in Nigeria would stop messing with Royal Shell

 

[roark]

Filled up for $3.67 today :grin:

Grrrrrr, still nearly $4 in SW NH.:uzi:

 

[drjeff]

Filled up for $3.67 today :grin:

now if that wack job in Iran would just pipe down and the wackos in Nigeria would stop messing with Royal Shell

+2

 

[Warp Daddy]

Crap its freakin $ 4.28 here -- thanks NYS

 

[GrilledSteezeSandwich]

Before we were all topping our tanks off..now we're holding out for lower prices...Even the expensive station is $3.93...wow..I wonder what I'll do this week since my fillup will only be 48 dollars instead of 50 dollars...maybe buy a gatorade G2...

 

[deadheadskier]

Before we were all topping our tanks off..now we're holding out for lower prices...Even the expensive station is $3.93...wow..I wonder what I'll do this week since my fillup will only be 48 dollars instead of 50 dollars...maybe buy a gatorade G2...

perhaps I shoulda waited, but I was on empty. same station was down a penny on the way back into town after work :lol:

 

[ctenidae]

Here's a scary chart- the spot price of crude oil (Cushing, OK West Texas Intermediate, to be exact) and refinery capacity utilization.

Refineries run near 90% capacity all the time (with maintenance, that's effectively 100% capacity), regardless of the price of oil. So, not much chance that the refiners are holding back production to keep prices high.

Edit: Sourcing- Data compiled from the Energy Information Agency

 

[Warp Daddy]

Questions :

1. Who Supplies the data ?
2. Who VERIFIES the data?

 

[Moe Ghoul]

Shrub is threatening to use his unused veto pen on the ant-oil spec bill and Congress is on siesta with an unpassed energy bill collecting dust on the floor. Sounds bullish for oil and gold.

 

[ERJ-145CA]

perhaps I shoulda waited, but I was on empty. same station was down a penny on the way back into town after work :lol:

Wow, you would have saved a whopping 10 or 20 cents. If only you knew.

 

[ctenidae]

Questions :

1. Who Supplies the data ?
2. Who VERIFIES the data?

Data is sourced from the Energy Information Agency, which is a pretty reliable source- no poitical or business axes to grind, just data. They get spot prices from NYMEX or whichever exchange the product is traded on, and refinery data is from teh refineries- they're required to report a whole load of data, with some pretty serious problems if the data is fudged.

 

[Warp Daddy]

Data is sourced from the Energy Information Agency, which is a pretty reliable source- no poitical or business axes to grind, just data. They get spot prices from NYMEX or whichever exchange the product is traded on, and refinery data is from teh refineries- they're required to report a whole load of data, with some pretty serious problems if the data is fudged.

C10 NO disrespect intended AND I'M SURE THAT YOU GUYS DO SOME DUE DILIGENCE

but-- i'm still skeptical about the veracity of MOST"official data" . Penalties you say - yeah right

Just simply Too many Watergates , Irangates , Enron's Exxon Mobils , Bear Stearns, Indy Macs , Freddie Mac's . Fannie Mae's, S& L WHO HAD official data sets THAT WERE cooked AND BOGUS TO THE MAX

not to mention WMD, etc etc - -U get my point ----------------TOO MANY LIARS IN HIGH PLACES and EVERYTHING seems to be " up for grabs" ALL the time.

Yep color me cynic

 

[ctenidae]

Cynic's good. My job is to poke holes in people's claims and data (and it's data that's supposed to make them lots of money). Check out the EIA website, though- www.eia.gov. I think you'll find it rather reliable.