Do You Think Gas Prices?

Beemerboy

Beemerboy

Just One More Coat
Will ever come back to the $2.00 range?


I was talking with someone about this last week. He seemed to think that its spiking, but will settle back down over time. I really don't think it will come back to the $2.00 range but I do think that it will come down from where we are today some.


Your Thoughts?
 
I doubt it. There's another thread in the polls section on this, but with world demand on oil on the increase. Prices are only poised to go up with "supply and demand".
 
I don't think prices will get better than they are right now. There is all kinds of speculation out there but the fact is it is all about supply and demand. Demand is high and as long as the world depends on oil then the prices will just get higher as demand grows. I don't see supply getting much better any time soon so where is their incentive to lower prices?
 
Troy@DetailCity said:
I don't think prices will get better than they are right now. There is all kinds of speculation out there but the fact is it is all about supply and demand. Demand is high and as long as the world depends on oil then the prices will just get higher as demand grows. I don't see supply getting much better any time soon so where is their incentive to lower prices?
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Supply & Demand...What has changed the demand of world oil that has caused such a spike in consumption in the last 2 to 4 years....Supply & Demand is one thing but a fast rise in price like we have seen in gas prices is caused by something other than people world wide using it for there personal use.
 
Unfortunately I think we will never see the $2.xx range at all I think $3.xx has become the new fallback maybe after elections...but I have a bad feeling $4.xx is here to stay and $5.xx is right around the corner.
 
I watched a cool show that said the era of cheap gas prices was over. It talked about gas only being afforded as a luxury item in the not so distant future. I wouldn't doubt $5 a gallon yet this year. The increased fuel prices do have some positive effects that hopefully will come around and offset all of the negatives. But as for now it really bites!

Right now I only drive 7 miles round trip to work, but I've been looking at a new job that would be 36 miles round trip. At $4 a gallon thats $7.73 more a day just to get to work. Even if I do get a little bit of a raise $150 a month will be gone in fuel. Grrr
 
The cost of producing oil keeps going up,it's more difficult and expensive to bring oil to the surface.
What does it take for the prices to jump even higher? another conflict somewhere around the world,those who profit from high gas prices are only doing it because they simply can.
We all know if we change our driving habits, buy smaller, more fuel-efficient vehicles next time around,bike to work etc,will have an effect but..:wall for the time being these prices are still affordable to most .
 
Beemerboy said:
Supply & Demand...What has changed the demand of world oil that has caused such a spike in consumption in the last 2 to 4 years....Supply & Demand is one thing but a fast rise in price like we have seen in gas prices is caused by something other than people world wide using it for there personal use.
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Demand has grown quite a bit but supply hasn't. Granted, that alone is probably not the reason we are seeing prices rise so much. Being dependant on foreign oil for our energy needs is not too smart and could have and should have been avoided long before now.

The oil market is being manipulated and it always has been to a certain degree.

Is it other countries trying to weaken us economically by driving up the oil prices?

Is it greedy oil companies and oil producing countries price gouging?

Is it politicians creating a problem so they can come in and be heroes?

I believe it's a combination of these reasons and more. There is a lot to be gained by some people for doing this.

I have learned a lot about diamonds and how that market got manipulated by stock piling an over abundance of diamonds. I believe the oil market is being affected the same way.
 
Troy@DetailCity said:
Demand has grown quite a bit but supply hasn't. Granted, that alone is probably not the reason we are seeing prices rise so much. Being dependant on foreign oil for our energy needs is not too smart and could have and should have been avoided long before now.

The oil market is being manipulated and it always has been to a certain degree.

Is it other countries trying to weaken us economically by driving up the oil prices?

Is it greedy oil companies and oil producing countries price gouging?

Is it politicians creating a problem so they can come in and be heroes?

I believe it's a combination of these reasons and more. There is a lot to be gained by some people for doing this.

I have learned a lot about diamonds and how that market got manipulated by stock piling an over abundance of diamonds. I believe the oil market is being affected the same way.
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Yup, all of those plus speculators. They did it to real estate prices (buying and flipping) and now have moved on to "the next great thing".

I too am lucky (able to ride a commuter train to work so) only have a 4 mile rt to work but the weekends are another story.
 
I saw on CNN an energy annalist that said if supply and demand was controlling the price of oil it would be 55 dollars per barrel the difference between 55 and the 135 is due to speculators.
People who buy oil futures are driving the price and we are paying to make millionaires into billionaires.
 
black bart said:
I saw on CNN an energy annalist that said if supply and demand was controlling the price of oil it would be 55 dollars per barrel the difference between 55 and the 135 is due to speculators.
People who buy oil futures are driving the price and we are paying to make millionaires into billionaires.
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BB thanks this is what I have been talking about...There has not been a HUGE spike in the usage of oil world wide that the suppliers have not been able to keep up with...this spike is being fueled (no pun) by greed

The production costs of oil have not doubled in the last two years...If that was the case, if a car costs 50K two years ago that same car today would be 100K? That means the cost of product and services doubled over that time...I don't buy it with these oil producers
 
We need to drill our own oil.

If you have retirement plan,401k,IRA etc. than your money is most likely involved in oil commodities.
I think we should see it drop and tapper off a little. I hope.
 
Nope

black bart said:
I saw on CNN an energy annalist that said if supply and demand was controlling the price of oil it would be 55 dollars per barrel the difference between 55 and the 135 is due to speculators.
People who buy oil futures are driving the price and we are paying to make millionaires into billionaires.
Click to expand...



And this is correct.

Let me inform you folks of some insider info. I have a guy I know and one of his good friends works on Wall street. Seems his buddy was bragging to him and proud of the fact that they are manipulating the hell out of crude currently and are making a killing on it. He also informed him that apparently Congress is starting and investigation into this and some may get into trouble over it but that is doubtful in my opinion.

Anyway this guys was laughing and proud of what they were doing.

Isn't it great to have this type of thing going on.
 
price today.

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National news reported this morning that fuel consumption was down 4.7 percent.
Oil dropped about 2.50 per barrel today.
Speculators must watch the news :D
If it looks like demand is going to drop they don't want to be holding high price oil futures so price drops
 
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