Gas Prices...
 

What has happened over the last 21-30 days that have cause gas prices to drop almost 60 cents a gallon?

Can anyone explain this to me? Wasn't there a pipleline in Alaska that was off line and prices were supposed to go up?

My rocket scientist of a friend(not really, he drives a flatbed) said this morning that "they found a shotload of oil in the gulf" that's why prices have dropped. Lol!

Todays paper said it may go down to under 2.00 per gallon.

WTF?

Does it makes sense?

Actually, instead of paying .60 less, why were we paying more? What is and has happened to cause such a change in so little time?

Thanks:stupid:

Well that is the best darn explantation I could have asked for.

Thanks!

I'm still waiting for diesel prices to drop to the same extent. Better grab a Snickers...

I don't know, but . . .
 

I don't know, but I'm happy. I hope this trend comtinues for a few more weeks. Better go out and get that V12, G Wagen, etc. quick, before the people unloading them realize they once again afford the gas to drive them.:D

If they stay cheap I'm getting an SUV, with a big red R bumper sticker!:D

Never thought I'd say "WOOOHOOOOOO gas is below $3.00 a gallon here, but here goes WOOOOHOOOOOOO gas is below $3.00 a gallon here. I remember when it was 17 cents a gallon....:dizzy2:

93 Octane Exxon $2.75 today
 

I got a tankful of Exxon 93 octane this morning for $2.75 this morning. There IS a God!

Now if I can find that 560SEC I've been looking for and this trend continues . . . or maybe even a CL600. Woohoo!

i was happy to see diesel down to 2.79.. but i can rember when not 2 years ago it was a dollar cheaper than reg

gas $2.99/gal - dropped $0.20 in the last week.

diesel $3.29/gal - no change in price for weeks

Woo-hoo for lower gas prices and a second Woo-hoo for selling futures at $68/bbl.

Where is BOT?

We are getting close. I saw RUG for $2.70 and diesel for $2.75. :D

You freely admit that for all to read?:D

So when will they cut back on RUG production and pick up diesel production so that us diesel owners can celebrate? Sure, diesel has dropped too but its still the same or more than premium gas!:mad:

Cheers,

Bill

Its hard for me to be happy when diesel is more expensive than 93 octane. That bothers me a lot more than anything.

Me too. Diesels are all I have these days. Including the tractor! Pretty disappointing when I have to pay 10 bucks just to cut the grass.

I have asked several times in the past but I'll ask again. In '97 diesel was .82/gal while RUG was $1.25 which was the norm for years. By that i mean diesel was always way cheaper than gas. Then, by fall of '97 diesel jumped to the same price as RUG and has been climbing ever since, now surpassing the cost of premium. What the heck happened in '97?:confused: :confused:

Cheers,

Bill

Tanked up with 92 octane BP a while ago. $2.45 gal.

87 octane is at 2.25 and some of the independent brands are below 2.20.

Woo Hoo!!


Oh, BTW.....this is in KC metro area.

Election day is just around the corner, ya think that might have anything to do with gas prices coming down? :eek:

How?

B

i dont know but i think something is up... i want diesel to go back down to at least 1.25$ id be happy with that.. hell id be happy with 1.90$

Elections
 

I appreciate your rampant cynicism, 450, but dout that $.50 a gallon gas would help the Republicans at this point. I assume that was your implication.

Even if it would insure another Republican-dominated election, I can't imagine how they could pull that off. I mean they're not going to sacrifice the dividends on their oil stocks!

Drinks anyone?
 

I bet you a drink it will go up after the mid terms :) I used to always notice the price of fuel going down just before the oil companies would release those huge earnings.

I do not think this is to help one party or another, but maybe more to do with CEO's fearing an investigation if the Democrats win.

Down by a buck and still going
 

It's down by a buck here in Atlanta. Wow!

Don't get too elated. It can just as easily shoot back up again, beyond the record highs of this year. Maybe this is just a little teaser before the next supply disruption "disaster" happens. The only way to keep prices down is to keep conserving and retiring those SUVs.

Thats right. And it will sky rocket again. Stay tuned...but for now enjoy the ride.

Cheers,

Bill

Paid $1.91 on Friday, yesterday had to pony up $2.01 - what is this world coming to?

sunnoco in my area 2.61 for diesel
2.29 for 93 octane

2.79 for shell diesel

pisses me off

After the 70's oil scare OPEC dropped the price tremendously for long enough to crush all attempts at alternate fuel and conservation. Prepare yourself for an extended period of low oil costs as OPEC tries to restore confidence in oil supply and keep you from buying an efficient car. After all, there was some talk of curbing our dependence on foreign oil. Any good pusher would do the same.

Jorg

2.259 regular here in NY, Long Island.
Dare I hope to see $1.XX gas again?

Avg. $2.12 here but I saw it yesterday for $2.05.

It's at 2.34 right now, and I can get it for 2.31 ($12.16 at the pump=$12 at the counter :D)


still too much, but it's ALOT nicer then 3.15... last time I put gas into the hog... havent put gas in it since... might have to if I need to take it somewhere

o well
~Nate

Drop fuel prices drop! Hattie wants a Range Rover 4.6!!!:D :cool:

Coincidental? I don't think so. One week after the election is over and prices are rising around here, just as predicted.

11/14/06) WALL TOWNSHIP - Gas prices have been increasing in the Garden State and across the country for the first time since July, and motorists are not happy.

Many residents have their theories as to why the gas prices are rising. Some believe they have spiked because the election is over. Drivers have suggested the Bush administration conspired to lower gas prices before the election in the hopes of getting Republican votes.

The Oil Price Information Service, a group that studies gas prices, says with the Democrats moving in, there might be more pressure to move out of Iraq, which might impact fuel supplies. The group also suggests retailers are trying to cash in on the high volume of motorists expected for Thanksgiving Day weekend. Analysts say the prices will likely increase more after OPEC’s meeting in four weeks.

or not.

http://money.cnn.com/2007/01/18/markets/eia_oil/index.htm?postversion=2007011816
"Oil sinks toward $50
Crude prices briefly dip below psychologically significant $50 per barrel mark, finishing at 20-month low on oil inventory surge."

Oil prices go up and down.

Sometimes it even has nothing to do with elections, evil Republicans and the like. And sometimes even the brilliant analysts are wrong.

Go figure.

Hattie also wants to be on a first-name basis with every employee in the service department of the local Rover dealership. Hattie should look at a Land Cruiser instead. :D

It should be akin to a law of physics . . . The ratio of the cost of crude and the retail gas prices never fall in proportion to its rise. :D

Therefore, the "forces" that cause it to rise are not entirely the same forces that cause it to fall.

93 octane here in God's country $2.54 9/10 the other day.

Oh, and I see a headline

"House passes bill to make Big Oil pay":silly: :silly:

(As if Big Oil won't pass it right on down the pipeline ;) )

i saw regular today for 1.84.

i suspect that it is down to allow folks to relax and so not be too pissed about w putting more troops into iraq.

i have no proof.

tom w

i bet youre on to something there. diesel should still come down too, though, but its not here. today i saw RUG for 1.98. diesel was 2.68.

Where It comes from
 

From the US Energy Information Agency.


Crude Oil and Total Petroleum Imports Top 15 Countries
November 2006 Import Highlights: Released on January 16, 2007

Preliminary monthly data on the origins of crude oil imports in November 2006 has been released and it shows that three countries have each exported more than 1.40 million barrels per day to the United States, and one country shows exports of greater than 2.00 million barrels per day. Including those countries, a total of four countries exported over 1.00 million barrels per day of crude oil to the United States (see table below). The top five exporting countries accounted for 70 percent of United States crude oil imports in November while the top ten sources accounted for approximately 89 percent of all U.S. crude oil imports. The top sources of US crude oil imports for November were Canada (2.065 million barrels per day), Mexico (1.462 million barrels per day), Saudi Arabia (1.444 million barrels per day), Venezuela (1.069 million barrels per day), and Nigeria (0.919 million barrels per day). The rest of the top ten sources, in order, were Iraq (0.589 million barrels per day), Angola (0.505 million barrels per day), Algeria (0.253 million barrels per day), Kuwait (0.253 million barrels per day), and Ecuador (0.243 million barrels per day). Total crude oil imports averaged 9.836 million barrels per day in November, which is a decrease of 0.296 million barrels per day from October 2006.

Canada remained the largest exporter of total petroleum products in November, exporting 2.584 million barrels per day to the United States, which was a large increase from last month (2.144 thousand barrels per day). The second largest exporter of total petroleum products was Mexico once again with 1.571 million barrels per day.

Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country Nov-06 Oct-06 YTD 2006 Nov-05 Jan - Nov 2005


CANADA 2,065 1,704 1,778 1,756 1,609
MEXICO 1,462 1,481 1,606 1,658 1,542
SAUDI ARABIA 1,444 1,322 1,417 1,267 1,445
VENEZUELA 1,069 1,125 1,146 1,009 1,246
NIGERIA 919 1,049 1,046 1,163 1,068
IRAQ 589 505 567 572 540
ANGOLA 505 506 504 658 458
ALGERIA 253 449 352 265 230
KUWAIT 253 234 180 273 223
ECUADOR 243 315 274 264 270
BRAZIL 156 171 134 65 88
UNITED KINGDOM 119 74 131 229 241
CHAD 118 109 93 33 78
NORWAY 81 120 97 103 124
AZERBAIJAN 77 88 23 0 0

Total Imports of Petroleum (Top 15 Countries)
(Thousand Barrels per Day)
Country Nov-06 Oct-06 YTD 2006 Nov-05 Jan - Nov 2005

--------------------------------------------------------------------------------

CANADA 2,584 2,144 2,291 2,305 2,149
MEXICO 1,571 1,646 1,730 1,777 1,650
SAUDI ARABIA 1,489 1,382 1,459 1,370 1,543
VENEZUELA 1,234 1,354 1,418 1,258 1,529
NIGERIA 972 1,088 1,124 1,248 1,158
IRAQ 589 505 567 572 545
ANGOLA 521 536 526 675 476
ALGERIA 462 813 648 500 485
VIRGIN ISLANDS 327 335 325 303 327
UNITED KINGDOM 275 205 276 504 410
KUWAIT 259 239 185 289 239
ECUADOR 248 322 281 264 277
RUSSIA 223 381 370 217 423
BRAZIL 182 221 195 151 148
NORWAY 165 181 196 232 239

Note: The data in the tables above exclude oil imports into the U.S. territories.

Fuel keeps coming down, and those Range Rover 4.6's keep looking more sexy!:D I want an SUV!:D

Nah I know someone who runs probably one of the best Rover shops around, so I already know where to go.:D

Maybe the Republicans are lowering the price of crude oil? :silly:

Yeah, I guess all the world's oil traders are republicans...

I never liked 'em. They're slower, brakes aren't as good, handling not as good, ride sucks (in every SUV i've been in this is the truth).

What really turned me off to SUVs was when I had to brake real hard in our old Isuzu Trooper, and then get into the next lane as fast as possible. I think I got a wheel or two off the ground. It was a spectacular utility vehicle though... tons of ground clearance and large trunk/crap storage.

Then there's our Honda Element. Sweet shifting manual transmission, but when you are coasting in a traffic situation, and give it the tiniest bit of gas it will bob back and forth, makes me sick. The ride quality is crap, Not to mention useless trunk and the motor that sounds like a blender... Hondas usually sound pretty good at high RPM but not this one. At least there is a ton of legroom. Seats are made of a strange canvas like material that doesn't seem terribly durable.

Probably the worst offender was the BMW X5... had 19 inch rims or some nonsense from the factory (probably to clear those HUGE brake discs) so it rode like every road we were on was a huge series of potholes. It did go like stink though with 350HP.

I dont think I'll ever have one, I like aggressive cornering far too much :)

You drove the X5 with the sport suspension which I agree sucks. But with the regular suspension they ride slightly stiffer than my W126.

I like nice SUV's X5, G500, Range Rover they all seem to ride and drive good enough.

You will be glad to know that the Ford Excursion is based off the 3/4 ton truck but because of people complaining about the suspension, they softened it and gave it other wandering problems.

X5 doesn't wander, they will cruise all day long at 120mph to. Its a BMW thats for sure.

I used to hate them as well, but I have been spending a lot of time in one as of late. They grow on you, its really a practical suburban SUV.