***OFFICIAL*** Gas Price Thread

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sciencewhiz

Diamond Member
Jun 30, 2000
5,885
8
81
Last time national gas prices were sub $2, oil prices were around $40 a barrel. Still has a way to fall.
 

Sluggo

Lifer
Jun 12, 2000
15,488
5
81
I filled up at $2.35 today, a friend told me he saw gas at $2.27, and was pissed because he already had a full tank.
 

SparkyJJO

Lifer
May 16, 2002
13,357
7
81
I got gas last Wednesday at $2.78 and couldn't believe it. I have a little less than half a tank left, I hope to run it real low so I can get gas when it gets around $2.50 or less. Some places in the vicinity are less than that but none right around where I am and I'm not driving 10+ miles out of my way just to save 10-15 cents a gallon.
 

frostedflakes

Diamond Member
Mar 1, 2005
7,925
1
81
Originally posted by: Shadow Conception
Originally posted by: roid450
3.28 here in so Cal. low enough to where im back at being LEAD FOOT on my f150

Wait, if people start doing this once more, aren't prices just going to increase again?
Some people never learn.
 
Sep 29, 2004
18,665
67
91
Originally posted by: spidey07
Originally posted by: aphex
my friend owns a gas station and is loving the $0.70/gal profits he's making right now. He won't lower the price too much until the other stations do. It will trickle down somewhat, but will likely never make it back to $2/gal, ever.

That's illegal in my state. Price fixing.

Price fixing is only if the owners discuss things with each other.
 
Sep 29, 2004
18,665
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I'll re-iterate what Warren BUffet has said.

He can not tell you where oil will be 1 motnh or 1 year from now but if he had to guess, he stated taht crude will be at $120+ 5 years from now.
 

ultimatebob

Lifer
Jul 1, 2001
25,135
2,445
126
Originally posted by: ggnl
OPEC is already starting to panic. They were willing to let the price of oil drop because they didn't want to exacerbate the credit crisis, but only up to a certain point. They'll probably cut production soon.

Funny... I thought that gas was traditionally lower priced lower around Election Day in order to avoid making it a campaign issue.

Of course, I might have got that from some of my tin foil hat wearing friends... I'm not certain.
 

brownzilla786

Senior member
Dec 18, 2005
904
0
0
Once were in an expansion again, no. Demand will go up worldwide sending prices back to previous levels (or a bit lower)
 

Squisher

Lifer
Aug 17, 2000
21,207
66
91
So, we basically beat the domestic auto industry into bloody pulp and left them on the side of the road because of an 10 month spike in oil prices? They would have been better served to have had a better mix of vehicles that would have catered to the spike, but it just doesn't seem that the punishment fit the crime.

 

postmortemIA

Diamond Member
Jul 11, 2006
7,721
40
91
Originally posted by: Shadow Conception
Originally posted by: roid450
3.28 here in so Cal. low enough to where im back at being LEAD FOOT on my f150

Wait, if people start doing this once more, aren't prices just going to increase again?

ditto - that is what drove price high in first place: high demand

if there were no V8's in last 30 yrs we would be better off now.
 

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,426
8,388
126
$2.89 at the station i paid $2.99 this morning =/


Originally posted by: postmortemIA

if there were no V8's in last 30 yrs we would be better off now.

engine configuration has just about nothing to do with gas mileage
 

Chadder007

Diamond Member
Oct 10, 1999
7,560
0
0
Originally posted by: radioouman
(words from oil companies) "It takes 6 weeks for gas prices to reflect the current trading cost of oil."

So wait 6 weeks!

It takes 6 hours for it to go up bro....
 

Damn Dirty Ape

Diamond Member
Nov 1, 1999
3,310
0
76
no because opec is starting to crap their knickers and have called for a meeting about cutting production. itll soon be back to at least 100 I think. 2.77 here in illinois tonight at sam's club, 2.92 everywhere else.
 

kalrith

Diamond Member
Aug 22, 2005
6,630
7
81
Originally posted by: Random Variable
Sub $2 gas will probably only been seen in parts of Oklahoma and Kansas.

And Missouri. $2.35/gallon right now.
 

ponyo

Lifer
Feb 14, 2002
19,689
2,811
126
Originally posted by: Squisher
So, we basically beat the domestic auto industry into bloody pulp and left them on the side of the road because of an 10 month spike in oil prices? They would have been better served to have had a better mix of vehicles that would have catered to the spike, but it just doesn't seem that the punishment fit the crime.

Blame the assh*le hedgefunds that went long oil and shorted financials. If anything good comes out of this is that half of these worthless young, reckless, and overpaid lemmings will be out of business in a year. They were the terrorists and they caused great harm to the world's financial system and pain and hardship for many around the world.
 

alfa147x

Lifer
Jul 14, 2005
30,061
103
106
here $1.79 for unleaded at a marathon here, if you have a marathon card its $1.50!
 
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