indiana oil refinery shuts down for maintenance, raising gas prices in midwest

[IndyColtsFan]

He never has answered the questions I posed in the 2014 gas prices thread. You know, the one where he predicted $5/gallon gas, then $6/gallon, and then $10/gallon. Instead, he put me on ignore when I kept asking him for the answers. Dave might be dumb, but he knows he has been thoroughly owned. The only amazing thing to me is how much he doubles, triples, and quadruples down on his own brand of dumb rather than just quietly slinking away.

 

[OutHouse]

Denver, which was affected by the Indiana plant now has prices below $2.

Hey Pete;

have you noticed how slow denver is to come down in gas prices and the reverse when the rest of the country is going up it takes denver a month or so to catch up?

 

[allisolm]

Thanksgiving price gouging in full swing. Yesterday $1.59 today $1.93

Gas prices in Indianapolis are the lowest they have been since the beginning of April, 2009 and Dave still finds something to complain about. Sad.

 

[PricklyPete]

Hey Pete;

have you noticed how slow denver is to come down in gas prices and the reverse when the rest of the country is going up it takes denver a month or so to catch up?

I honestly haven't noticed. I don't buy gas very often (my daily commute is by light rail), so gas prices don't affect me that much and in turn, I don't pay that much attention. I just noticed they broke under $2 when I had to fill up the other day.

 

[Pulsar]

Thanksgiving price gouging in full swing. Yesterday $1.59 today $1.93

Gasbuddy shows average price of 1.83, low price of 1.63, and prices trending down. You are selectively lieing.

 

[Zorba]

Every time I was out and about today prices had dropped again. Started the day around $1.61, was down to $1.56 at dinner time.

 

[EduCat]

I just paid $2.85 in Chiraq, not too bad! :thumbsup:

 

[Meghan54]

Gasbuddy shows average price of 1.83, low price of 1.63, and prices trending down. You are selectively lieing.

You know he's completely disingenuous in his pricing. He typically chooses the highest price station to demonstrate how "high" the gas prices are in Indy, like looking at a gas station next to the Indy airport, which has higher than normal prices for Indy.

Of course, driving a 1/4 mile down the road gets you a price that's .30/gal or more cheaper, but that's irrelevant.

 

[PricklyPete]

There are two Conocos in our area. One is 1.83 and the other is 2.49 (family owned...hipster pricing). I could easily cherry pick this one station and tell everyone that the world is in a death spiral while I drink my $6 can of pabst blue ribbon... but I'm not Dave.

 

[TheSlamma]

You know he's completely disingenuous in his pricing. He typically chooses the highest price station to demonstrate how "high" the gas prices are in Indy, like looking at a gas station next to the Indy airport, which has higher than normal prices for Indy.

Of course, driving a 1/4 mile down the road gets you a price that's .30/gal or more cheaper, but that's irrelevant.

Hey hey.. stop taking away his ability to be a 'victim'

 

[dmcowen674]

Crude Oil Dec 15 (CLZ15.NYM)

-NY Mercantile

39.39

1.15(2.84%) Nov 20




Prev Settlement:N/AOpen:40.54Bid:35.50Ask:48.90Day's Range:38.99 - 40.99Volume:27,009Open Interest:20,501Session:cExp. Date:20-Nov-15

Quotes delayed, except where indicated otherwise. Currency in USD.
Related Video




Yahoo Finance
Why oil could soar past $80 per barrel

Oil now below $40, they've shut down hundreds of wells in the west and Texas, laid off thousands.

You know what that means. Oil will be purposely all of a sudden short in supply, price back over $80 or more and gas back over $4

The Thugs be a thugging

 

[Londo_Jowo]

Crude Oil Dec 15 (CLZ15.NYM)

-NY Mercantile

39.39

1.15(2.84%) Nov 20




Prev Settlement:N/AOpen:40.54Bid:35.50Ask:48.90Day's Range:38.99 - 40.99Volume:27,009Open Interest:20,501Session:cExp. Date:20-Nov-15

Quotes delayed, except where indicated otherwise. Currency in USD.
Related Video




Yahoo Finance
Why oil could soar past $80 per barrel

Oil now below $40, they've shut down hundreds of wells in the west and Texas, laid off thousands.

You know what that means. Oil will be purposely all of a sudden short in supply, price back over $80 or more and gas back over $4

The Thugs be a thugging

LMAO!!!! Cheering for higher oil prices huh Dave???

Just so you know your hero doesn't have a good track record for predicting oil prices. He would be set to make millions if oil prices did climb over $80/bbl.

http://finance.yahoo.com/news/oil--super-spike--is-coming--dan-dicker-194657769.html

Oil ‘super spike’ is coming: Dan Dicker

August 20, 2014

Individual oil traders (including Dicker himself)

My bet is he won't be right this time either and it will upset you to no end.

 

[ralfy]

Oil production costs have gone up because of peak oil. In order to deal with that problem, the industry borrowed more money, hoping to pay that back with significant interest rates as prices went up.

Oil price went down together with that of other commodities because quantitative easing has started to unwind. That's why even the BDI has dropped:

http://www.bloomberg.com/news/artic...ndex-drops-to-record-as-iron-ore-growth-slump

Now, the industry is stuck with hundreds of billions in debt repayments:

http://www.bloomberg.com/news/artic...ds-to-find-half-a-trillion-dollars-to-survive

while the global economy remains so weak it can hardly even afford oil and other commodities at lower prices.

Thus, we are looking at a combination of fallout from increasing debt coupled with higher energy costs, and both part of a global economy that is approaching limits to growth:

http://www.theguardian.com/commenti...ight-new-research-shows-were-nearing-collapse

 

[dmcowen674]

Guesses on how high the Thugs raise oil on purpose?

$80
$100
$140
$200

Guesses on how high the Thugs raise Gas on purpose?

$4
$5
$6
$8

They say it's the P&N Oil Thug supporters buying up SUV's is the reason.

http://www.fool.com/investing/gener...ce=yahoo&utm_medium=feed&utm_campaign=article

Oil Supply Glut is Vanishing And OPEC Is Taking Advantage



Growing demand for oil will increasingly be filled by OPEC, not U.S. oil producers.



A global glut of oil has caused the price of oil and gasoline to plunge over the past year and a half. As a result, U.S. oil companies have cut back on drilling, and production is starting to plunge.

Recent oil projections from the U.S. Energy Information Administration (EIA) show that oversupply in the oil market may not last much longer, and if current trends continue we could see prices rise by the end of 2016.

Interestingly, the change in projections hasn't come due to falling supply from oil producers. Instead, low prices are spurring more demand for oil around the globe. The U.S., in particular, is demanding more oil as SUV sales surge and the economy's slow recovery continues.


The fallout -- OPEC is winning


OPEC is basically keeping the world oversupplied to keep pressure on U.S. shale and other marginal oil producers. The cartel is winning the long game against U.S. oil companies -- and that'll continue for as long as it wants to keep prices low and take more market share.

 

[sm625]

US oil consumption peaked 10 years ago. In fact, the entire western hemisphere's oil consumption is the same as it was 10 years ago. European oil consumption is also past peak. Oil consumption is rising in Asia, the middle east, and Africa.

You can see all the data here:

https://www.eia.gov/cfapps/ipdbproj...d=2&cid=regions&syid=2004&eyid=2014&unit=TBPD

 

[Londo_Jowo]

WoooHooooo!!!! The drive for $5, $6, $8 gallon/gas is on again!!!! You heard it here first!!!

Just as soon as oil goes above $60 barrel wells now inactive due to the current prices will go back online and oil supplies will be on the rise yet again.

 

[dmcowen674]

Oil jumping today, look for the Thugs to be a thugging

Turkey shooting down Russian plane is the latest excuse as well as the Old Dollar is lower BS

http://finance.yahoo.com/news/oil-prices-rise-turkey-shoots-104450547.html

Oil prices rose on Tuesday after news that Turkey shot down what is likely to be a Russian jet over Syria and a softer U.S. dollar supported prices across the commodity spectrum.

“News of a military jet crashing in Syria is a reminder that there is still substantial risk in the Middle East,” said Bjarne Schieldrop, commodities analyst at SEB Markets.

Nymex reformulated gasoline blendstock (XNYM:RBZ5) — the benchmark gasoline contract — rose 1.3% to $1.30 a gallon.

 

[realibrad]

Oil jumping today, look for the Thugs to be a thugging

Turkey shooting down Russian plane is the latest excuse as well as the Old Dollar is lower BS

http://finance.yahoo.com/news/oil-prices-rise-turkey-shoots-104450547.html

Oil prices rose on Tuesday after news that Turkey shot down what is likely to be a Russian jet over Syria and a softer U.S. dollar supported prices across the commodity spectrum.

“News of a military jet crashing in Syria is a reminder that there is still substantial risk in the Middle East,” said Bjarne Schieldrop, commodities analyst at SEB Markets.

Nymex reformulated gasoline blendstock (XNYM:RBZ5) — the benchmark gasoline contract — rose 1.3% to $1.30 a gallon.

I gots an image of those thuggin thugs while they was thuggin...

let's not.

 

[dmcowen674]

Right on Cue 50 cent price jump

 

[Meghan54]

Right on Cue 50 cent price jump

Bullshit. What particular outlier station are you using now, boy?

On the other hand, paid $1.68/gal for regular today.

 

[Londo_Jowo]

Bullshit. What particular outlier station are you using now, boy?

No joke, gas prices here have not changed in the past two weeks and the last time it did change it was 3 cent a gallon decrease.

 

[Pulsar]

$1.67 - $1.69 at various non-membership locations in Indianapolis.

You're lieing again Dave.

It really is sad.

http://alienbabeltech.com/forum/showthread.php?tid=363&page=3

 

[Udgnim]

oil isn't going to spike anytime soon unless Saudi Arabia decides to do a surprise cut to production

oil also has a pricing ceiling because if it gets too high then US shale will start pumping out oil again bringing oil price back down

oil will eventually go higher in price but it will be due to demand catching up to supply as a result of gradual demand growth and capital expenditures cuts happening now reducing future supply growth

 

[dmcowen674]

oil isn't going to spike anytime soon unless Saudi Arabia decides to do a surprise cut to production

oil also has a pricing ceiling because if it gets too high then US shale will start pumping out oil again bringing oil price back down

oil will eventually go higher in price but it will be due to demand catching up to supply as a result of gradual demand growth and capital expenditures cuts happening now reducing future supply growth

Oil has spiked $4 in last 2 days expected to climb back over $100

11-25-2016

http://finance.yahoo.com/news/surpr...vbG8DYmYxBHBvcwMyBHZ0aWQDVklEMDVfMQRzZWMDc2M-


Oil is going back to $100



One of the biggest stories over the past year and a half has been oil's epic tumble, which has reduced the price of a barrel of crude (New York Mercantile Exchange: @CL16H) from nearly $110 to just more than $40. But one strategist says the commodity is set to stage a striking turnaround.

"The case for triple digit oil is simply that demand stays where it is but supply starts to roll over into next year, but particularly into 2017, due to lack of investments," Mostaque said in a Tuesday " Trading Nation " interview.


Further, the market is extremely susceptible to geopolitical risks, he said. This is because there is no "geopolitical premium" baked into current prices, and yet falling oil prices could themselves create instability in one or more oil-producing nations.

If that happens, "you could easily get up above $130, because we just don't know where the easy oil is, because we're slashing our exploration spending," Mostaque said

 

[PricklyPete]

Oil has spiked $4 in last 2 days expected to climb back over $100

11-25-2016

http://finance.yahoo.com/news/surpr...vbG8DYmYxBHBvcwMyBHZ0aWQDVklEMDVfMQRzZWMDc2M-


Oil is going back to $100



One of the biggest stories over the past year and a half has been oil's epic tumble, which has reduced the price of a barrel of crude (New York Mercantile Exchange: @CL16H) from nearly $110 to just more than $40. But one strategist says the commodity is set to stage a striking turnaround.

"The case for triple digit oil is simply that demand stays where it is but supply starts to roll over into next year, but particularly into 2017, due to lack of investments," Mostaque said in a Tuesday " Trading Nation " interview.


Further, the market is extremely susceptible to geopolitical risks, he said. This is because there is no "geopolitical premium" baked into current prices, and yet falling oil prices could themselves create instability in one or more oil-producing nations.

If that happens, "you could easily get up above $130, because we just don't know where the easy oil is, because we're slashing our exploration spending," Mostaque said

Derp derp, your incessant fear mongering must be debilitating.