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CharlesCS
CharlesCS
Join Date 08/2006
+81

So you wanted cheaper gas, right?

October 13, 2008 9:00:44 AM from JoeUser ForumsJoeUser Forums
Well, it seems that most peoples wishes have come true as gas prices drop below $3.00 this week in some areas of the US. It seems this is a month of records of all sorts. Here in Florida we are seeing prices between $2.99 and $2.71. Can't remember the last time I saw a 2 at a gas station as the first number, but according to the news on the radio this morning it was only a year ago when gas prices were under $3.00. Wow, it felt like years ago. What's even more amazing is how a barrel of gas was just around $150.00 in July (a few months ago) and is now around $80.00. My. how things change so fast these days. It is predicted that the prices we are currently are not from the current price of the barrel of oil but from the price about 2 or 3 months ago, meaning that if this trend is any indication, prices at the pump may go even lower by November as gas prices reflect the price of todays barrel of oil. That is pretty amazing to me.

The sad part is that the only reason gas is so low is due to the market problems leading people to believe that with the economy and the markets doing so bad that demand for gas will go down, therefor making that price of barrel go down. So chances are, as it seems already today, once the market starts getting back on it's feet, and starts to rebound (which seems likely this week) so will the prices of barrel of gas which means we may as well enjoy these cheap prices while it last. Talk about "you give it with one hand, and take it with the other".

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CharlesCS
Dr Guy
Join Date 09/2004
+129
Reply #1 October 13, 2008 9:08:43 AM
from JoeUser ForumsJoeUser Forums

Talk about "you give it with one hand, and take it with the other".

I was thinking more along the lines of "There is no such thing as a free meal".

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CharlesCS
CharlesCS
Join Date 08/2006
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Reply #2 October 13, 2008 9:51:39 AM
from Stardock ForumsStardock Forums

That too.

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CharlesCS
CharlesCS
Join Date 08/2006
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Reply #3 October 13, 2008 10:17:29 AM
from JoeUser ForumsJoeUser Forums

I'd just like to point out that when gas soared over $4.00 a gallon this summer, everyone was blaming Bush,

I was gonna point that ut and forgot. What's even funnier is that neither candidate is talking about the price drop, for good or bad reasons. Makes me wonder why?.

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CharlesCS
Sodaiho
Join Date 11/2004
+29
Reply #4 October 13, 2008 11:14:13 AM
from JoeUser ForumsJoeUser Forums

Yep, its all Bush's fault.  When the ecomony crashes after years of corporate greed and lack of regulation, so does income and demand.  With lower demand comes lower prices.  Then Bush turns government interventionist, argues to pump billions of borrowed dollars into the economy via Wall street.  Another bubble starts to swell and prices will begin to rise.

Wouldn't it be better if we earned what we have (rather than borrow to get it) and had the patience to put off immediate gratification?

 

 

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CharlesCS
CharlesCS
Join Date 08/2006
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Reply #5 October 13, 2008 1:09:30 PM
from Stardock ForumsStardock Forums

Yep, its all Bush's fault. When the ecomony crashes after years of corporate greed and lack of regulation, so does income and demand. With lower demand comes lower prices. Then Bush turns government interventionist, argues to pump billions of borrowed dollars into the economy via Wall street. Another bubble starts to swell and prices will begin to rise. Wouldn't it be better if we earned what we have (rather than borrow to get it) and had the patience to put off immediate gratification?

Makes you wonder just how Republican Bush really is.

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CharlesCS
Sodaiho
Join Date 11/2004
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Reply #6 October 13, 2008 2:59:56 PM
from Stardock ForumsStardock Forums

LOL.

 

When it comes to losing money, I really think there's no difference between Republicans and Democrats.  I just think Republicans panic quicker, have more to lose and squell the loudest, then flip over to big government suporters afterall.

I have always been a supporter of a balanced budget.  I saw this coming years ago with tremendous increases in spending by our president and his Republican congress, coupled with a loss of tax revenue.  One cannot continue to spend on borrowed money without having a serious smack up against the wall of reality.

Maybe we will start to get real regarding our actual economic power and learn to live within our means.

Be well.

 

 

 

 

 

 

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CharlesCS
singrdave
Join Date 07/2004
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Reply #7 October 17, 2008 12:55:44 PM
from Stardock ForumsStardock Forums

I have heard from several independent-to-one-another family members that the price has gone down because it's a Republican plot to sway the election.

 

I gave it all I had to keep from laughing out loud.

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CharlesCS
Dr Guy
Join Date 09/2004
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Reply #8 October 17, 2008 1:52:20 PM
from JoeUser ForumsJoeUser Forums

I have heard from several independent-to-one-another family members that the price has gone down because it's a Republican plot to sway the election.

I heard it was because of all the tire gauges given out in response to Obama's suggestions.

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CharlesCS
maudlin27
Join Date 12/2007
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Reply #9 November 2, 2008 2:52:16 PM
from JoeUser ForumsJoeUser Forums

I'd agree, I expect these prices to only be temporary. In fact I've been amazed just how much they've fallen - go back say 6 months and it was generally acknowledged that the US (and other countries such as much of Europe) was headed for a recession, so the expected slump in demand should have already been built in to the prices. Furthermore, the size of the fall in the price leads me to believe it's an overreaction brought on by all the gloomy headlines - in all likelihood the economy in the US isn't likely to shrink by more than a few percentage points, and even then it probably won't go on for more than a year or two at most. Meanwhile even though there is a more general world slowdown, you are still probably going to see an increase in demand from some countries such as China. Couple that with the long-term dwindling of supplies that oil+gas suffer from, and I can easily see the prices rising again (not to mention that Opec will likely cut supply to push the prices up almost straight away anyway).

"the price has gone down because it's a Republican plot to sway the election" I heard it was because of all the tire gauges given out in response to Obama's suggestions.

 

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