2014 Gasoline Price Forecast

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dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
I don't know what the point of this thread is except to listen to Dave's wildly inaccurate predictions

I really don't know what you guys want us to say or expect to be done about the prices.

Do you expect the government to subsidize it or suspend taxes on gas?

If they do that, guess who ends up paying eventually?

If you suspect there is collusion and price-fixing going on, write your Congress representatives and ask for an investigation.

Investigations are a joke and you know it.

The Wolf is in charge of the Henhouse.

Speaking of jokes, the joke is on the American people.

See my sig. The Oil Thugs have no incentive to behave properly.

They use breakdowns as an excuse to raise prices all the time with no real danger of running out of product.

They don't follow normal market conditions or supply and demand anymore.

Just the mere fact that you admit they raise prices on the weekend shows proof of price gouging the American public on a weekly basis yet you approve?

Why is that? Oh because you speak as if you have a hand in the being an Oil Thug yourself and maybe one that actually gets to raise the price on the weekend.

It's a Cartel plain and simple and I am simply pointing out the obvious while you and your buds try and cover it up with powdered sugar and a cherry on top.

That's the point of this thread.

You and your buds post for post what I post because you know I am right and I MCOWN you guys every day.
 

IndyColtsFan

Lifer
Sep 22, 2007
33,655
687
126
Investigations are a joke and you know it.

The Wolf is in charge of the Henhouse.

Yeah, and guess what? Your pals (the Democrats) are just as guilty.

Speaking of jokes, the joke is on the American people.

See my sig. The Oil Thugs have no incentive to behave properly.

They use breakdowns as an excuse to raise prices all the time with no real danger of running out of product.

They don't follow normal market conditions or supply and demand anymore.
Many factors affect the price but supply and demand does still play a large role.

Just the mere fact that you admit they raise prices on the weekend shows proof of price gouging the American public on a weekly basis yet you approve?
Where did it say I approve? If you know they tend to raise prices on certain days, here is a big clue -- buy on a different day.

If you want to buy a TV but know that it will be on sale in 3 days for 10% less, do you go ahead and buy it NOW and complain about being "gouged"?

Why is that? Oh because you speak as if you have a hand in the being an Oil Thug yourself and maybe one that actually gets to raise the price on the weekend.
You still haven't answered what can be done about it. Based on your answer to my suggestion of writing Congress, your answer appears to be "nothing." So stop your bitching.

It's a Cartel plain and simple and I am simply pointing out the obvious while you and your buds try and cover it up with powdered sugar and a cherry on top.

That's the point of this thread.
You have pointed out absolutely nothing that wasn't already obvious to anyone with any knowledge or common sense. Where you continue to fall down is your absurd predictions, rage, omission of facts, etc.

What happened to the $5 or $6/gallon gas you predicted for the spring? Where was it Dave? Can you point to a single gas station in the metro Indy area that had gas between $5 and $6 per gallon for regular between March 21 and June 21? You can't, because it didn't happen. You McOwned yourself yet again. Even more absurd was your "$10/gallon gas is coming" idiocy.

You and your buds post for post what I post because you know I am right and I MCOWN you guys every day.
You mean like you were right about $5 and $6/gallon gas this spring? NONE of your predictions have come true this year regarding gas prices. NONE. If the "oil thugs" (as you call them) kept hiking prices by 30 or 40 cents on a regular basis, we would've hit $5 by now. Why haven't we? Because gas prices also have dropped and you refuse to acknowledge that.

If you don't like their prices, you're free to open up your own refinery and buy crude to refine into gas.
 
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IndyColtsFan

Lifer
Sep 22, 2007
33,655
687
126
I guess the oil thugs hate the midwest region as that's only place that experiences $0.30/gal to $0.40/gal swings while other regions see mild swings or relatively flat gas prices.

Let's compare Indiana to Texas and Louisiana as many of the countries refineries are located in these two states.

http://www.TexasGasPrices.com/retai...ndiana&city3=Louisiana&crude=n&tme=6&units=us

I'm sure the "oil thugs" are following Dave when he moves to a new location. I'm sure that's it.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Yeah, and guess what? Your pals (the Democrats) are just as guilty.

Where did it say I approve?

You still haven't answered what can be done about it.

If you don't like their prices, you're free to open up your own refinery and buy crude to refine into gas.

Democrats are just as guilty of what?

Your posts defending the price gouging Thugs is your approval.

Regulation, like it used to be before your buddy Bush got rid of all regulation.

Delta Airlines did just that. Your Oil buddies were going to shut down a perfectly fine refinery in Pennsylvania just to jack up prices even more when Delta grew a set of balls and bought it for themselves. Interesting how a small set of Corporate Execs went against the others. They've been pretty quiet since I wonder why. Could it be they shut them up?

If I was able to open a Refinery you bet I would. It is obviously liquid gold under the current unregulated Thug run Amerika you approve of.
 

Londo_Jowo

Lifer
Jan 31, 2010
17,303
158
106
londojowo.hypermart.net
Ahhhhh damn, I thought only thug companies shutdown for maintenance/repairs or upgrades to raise prices.

http://articles.philly.com/2014-04-...energy-l-l-c-trainer-refinery-market-jet-fuel

Delta Air Lines, which bought the former ConocoPhillips refinery in Trainer, Delaware County, to secure a steady source of discounted jet fuel, said Wednesday the refinery lost $41 million in the first quarter but is expected to be profitable in the current June quarter.

Delta said one major crude unit at the refinery was shut down for scheduled modifications, which decreased production
 

IndyColtsFan

Lifer
Sep 22, 2007
33,655
687
126
Democrats are just as guilty of what?

Assuming your premise is true, Democrats are just as guilty of sitting idly by and doing nothing.

Your posts defending the price gouging Thugs is your approval.

By your own admission, writing Congress will not accomplish anything. So assuming you are correct, there is nothing I can do either except be smart (something you're incapable of) and use a few simple tricks to save money.

Regulation, like it used to be before your buddy Bush got rid of all regulation.

Delta Airlines did just that. Your Oil buddies were going to shut down a perfectly fine refinery in Pennsylvania just to jack up prices even more when Delta grew a set of balls and bought it for themselves. Interesting how a small set of Corporate Execs went against the others. They've been pretty quiet since I wonder why. Could it be they shut them up?

If I was able to open a Refinery you bet I would. It is obviously liquid gold under the current unregulated Thug run Amerika you approve of.
Oh, so if you ran a refinery, you'd also charge market rate for gas. Who is the "thug" now?

You do realize that the US has some of the cheapest gas prices in the first world, right? For being "thugs," they're not doing a very good job of making even more money on it.
 
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cabri

Diamond Member
Nov 3, 2012
3,616
1
81
You want the $50 bet.

Find a location in Indianapolis for regular fuel at $4+ within 5 miles of the I-465 loop.

Get it verified by a picture and you get $50. Maybe I will pay it in a fuel card :hmm:

This offer expires noon on the 17th of Sept 2014 Eastern Daylight Time.
You have almost 24 hours to put up where the summation of your $0.30 increases are.

Or are you ready to admit that your are an OIL TROLL

McOwen refused to put up and ignored the challenge.

It was a easy $50 for him to put his money where his mouth is.
He can not operate on a level playing field.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally Posted by Londo_Jowo
Ahhhhh damn, I thought only thug companies shutdown for maintenance/repairs or upgrades to raise prices.

http://articles.philly.com/2014-04-2...arket-jet-fuel



McOWNED yet again. It really is like shooting fish in a barrel, lol!

Ah but it is you and your buds once again MCOWNED for all the world to see.

Show me in that article where Delta raised prices on itself for this "maintenance".
 

IndyColtsFan

Lifer
Sep 22, 2007
33,655
687
126
Show me in that article where Delta raised prices on itself for this "maintenance".

I want you to rub your two brain cells together, read the statement above to yourself 10-20 times, and after that, think about what you wrote. If you then can't see why the question above is stupid to the point of absurdity, well, time to go back to installing SETI@home on corporate computers.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Here is a big way the Oil Thugs make even more money by manipulating the Market.

Remember the Oil Thug Apologists in here still claim it's supply and demand.

It's all made up bullshit or as the Thugs call "Contango".

The only Tango they are doing is dancing to the bank.

9-17-2014

http://www.businessweek.com/article...-makes-for-expensive-tankers?campaign_id=yhoo

Cheap Oil and Expensive Oil Tankers: This Is Contango



During the last half of 2008, as the global economy ground to a halt, the price of oil fell from an all-time high of $145 a barrel to less than $40.


If you had a place to store that cheap oil, you could make a lot of money when prices rebounded.


By January 2009, with prices still hovering around $50 a barrel, there were some 90 million barrels of crude in floating storage. The futures markets had entered something traders call contango, a fancy commodities term for the expectation that prices will rise in the future. When the oil market is in contango, a contract to buy crude a month from now costs more than the current price. The further into the future you go, the more expensive it gets. All an oil trader with storage space has to do is sell a futures contract to lock in that higher price a few months down the road and then just sit on it. Some call that hedging. Others call it free money.


Over the past several weeks, oil traders are reported to have stored something close to 50 million barrels in tankers off the coast of South Africa and in parts of Asia. A Chinese trading firm is said to have leased the TI Europe, the world’s largest oil tanker, capable of holding 3.2 million barrels of crude. According to Bloomberg data, the ship is currently sitting off the coast of Singapore.


What’s different this time is that only the international oil market is in contango. In the U.S., where oil is priced according to the West Texas Intermediate contract, prices are expected to keep falling. WTI has fallen 11 percent since June, to $94 a barrel.


As a result, traders in the U.S. want to sell crude, rather than sit on it. The best evidence for that is the oil tanks in Cushing. Since it peaked at more than 50 million barrels in 2013, the amount of oil stored in Cushing has fallen by 60 percent, to around 20 million barrels.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
More Market manipulation by the Thugs

http://www.marketwatch.com/story/oi...igh-with-fed-in-view-2014-09-16?siteid=yhoof2

Oil rallies as OPEC says it would trim output



Futures settle at highest in nearly two months



Crude-oil futures on Tuesday rose to their highest in nearly two months after the head of the Organization of the Petroleum Exporting Countries said the cartel could cut its output target for next year.



Gasoline for October delivery RBV4, +0.31% added 2.80 cents, or 1.1%, to end at $2.5588 a gallon on Nymex, while heating oil for the same month HOV4, -0.57% rose 1.67 cents, or 0.6%, to settle at $2.7563 a gallon. October natural-gas futures NGV14, +0.50% gained 6.40 cents, or 1.6%, to settle at $3.9950 per million British thermal units.
 

cabri

Diamond Member
Nov 3, 2012
3,616
1
81
More Market manipulation by the Thugs

http://www.marketwatch.com/story/oi...igh-with-fed-in-view-2014-09-16?siteid=yhoof2

Oil rallies as OPEC says it would trim output



Futures settle at highest in nearly two months



Crude-oil futures on Tuesday rose to their highest in nearly two months after the head of the Organization of the Petroleum Exporting Countries said the cartel could cut its output target for next year.



Gasoline for October delivery RBV4, +0.31% added 2.80 cents, or 1.1%, to end at $2.5588 a gallon on Nymex, while heating oil for the same month HOV4, -0.57% rose 1.67 cents, or 0.6%, to settle at $2.7563 a gallon. October natural-gas futures NGV14, +0.50% gained 6.40 cents, or 1.6%, to settle at $3.9950 per million British thermal units.

There is such a thing as supply and demand as related to pricing.
Taught in EC 102.

I do not see you giving away your services for free. the employer pays for what he considers your value.

Oil is a service; the market is the employer.

Once you give away your labor for free, then you have a right to expect that the fuel costs will do the same.
 

Pulsar

Diamond Member
Mar 3, 2003
5,224
306
126
There is such a thing as supply and demand as related to pricing.
Taught in EC 102.

I do not see you giving away your services for free. the employer pays for what he considers your value.

Oil is a service; the market is the employer.

Once you give away your labor for free, then you have a right to expect that the fuel costs will do the same.

In Dave's world, a supplier should put his entire supply on the market at once, drastically lowering the price and his profits.

Because Dave.
 

Zaap

Diamond Member
Jun 12, 2008
7,162
424
126
C'mon now, how's a person supposed to move to a new location and sit on their ass screaming "Dey Offshored Urr Jerbs!" without their la-z-boy and 65" HDTV?
 
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