Gas Prices

[moreluck]

People were always yelling about the greedy oil & gas companies......"they made too much profit"......that's gotta be way down because of the low gas prices. So, that's tells me the prices will go up now because the oil companies will want their profits back up there.

 

[Sportello]

Compare a one month chart of XOM(Exxon) and BP to UPS.

Big Oil is doing just fine.

 

[rod]

People were always yelling about the greedy oil & gas companies......"they made too much profit"......that's gotta be way down because of the low gas prices. So, that's tells me the prices will go up now because the oil companies will want their profits back up there.

I read on the MSN web page the other day that only 1.6 % of oil producers world wide will not make a profit if oil is $40 bucks a barrel. Just imagine the profits they made at $110 bucks a barrel.

 

[bottomups]

But they still needed a handout from the government to survive.

 

[Babagounj]

Saw my first under $2 sign yesterday .
At a Shell Station;
$1.89 with a carwash,
$2.09 without a carwash .

 

[Babagounj]

Hope oil levels out soon.
If not then banks will begin to fail again .
And this time you won't be able to claim BDS.

 

[The Other Side]

Hope oil levels out soon.
If not then banks will begin to fail again .
And this time you won't be able to claim BDS.

HAHAHAHAHAH... that was a good one.

TOS.

 

[Babagounj]

3 different stations all independents ,
$ 1.979
And now China has lowered their growth forecasts .
I think this will have a downward effect on oil stock prices .

 

[ImWaitingForTheDay]

http://www.bloomberg.com/news/2015-...l?hootPostID=f6894700e3f2f0450778e0830fb26538

 

[rod]

they went up here yesterday----up a dime-----just plain price gouging

 

[realbrown1]

I'm not saying that just because the Mideast might have hic cup that our supply would dry up. What I'm saying is that Big Oil in American is just waiting for ANY excuse to jack the price up. They want their pound of flesh from John Q. Public.

What US business wouldn't do that if they could? Sounds like business 101 if you ask me.

 

[The Other Side]

What US business wouldn't do that if they could? Sounds like business 101 if you ask me.

When gas hits 4 bucks a gallon again, then I dont expect to hear anything from you other than, "well, thats business 101"

TOS.

 

[realbrown1]

When gas hits 4 bucks a gallon again, then I dont expect to hear anything from you other than, "well, thats business 101"

TOS.

Yep. Not a difficult concept to grasp. It's called supply and demand. Almost every business uses it.

 

[brownmonster]

Yep. Not a difficult concept to grasp. It's called supply and demand. Almost every business uses it.

If you think oil prices are based on supply and demand you are even dumber then you appear to be. You need to find an opinion that wasn't provided for you.

 

[realbrown1]

If you think oil prices are based on supply and demand you are even dumber then you appear to be. You need to find an opinion that wasn't provided for you.

Oh, really. Two points that will prove that I am right.
#1 The world is in a recession. In recessions, the world will use less oil.

#2 The supply of oil has never been greater and will become even a bigger glut when the oil fields off the coast of Brasil go on-line in the next 12 months.

Face it, the price of oil will remain relatively cheap for the next 1 to 3 years.

Unless you think that the people who are supplying us with oil just want to lower the price of it for the warm fuzzy feeling they get in their chests.

 

[bbsam]

You don't really believe that "supply and demand" is the only economic law at work, do you? It's probably the easiest but likely not the only nor most pressing.

 

[moreluck]

$2.35 at my Valero.

 

[Future]

2.51 and i think that is high compared to the rest of the nation!

 

[oldngray]

$1.88 here yesterday.

 

[UpstateNYUPSer(Ret)]

$2.40 is the lowest I have seen locally.

My son says it is the $1.70 range in Iowa.