So, oil is at down, why is gasoline going up?

[Capt Caveman]

Originally posted by: dmcowen674
My thread was locked so him and his friends must be.

Happens when you're a lying piece of shit. Why do you hate America? Why do you call people cowards when you won't tell us where you contract at?

2008 ended with Oil not at $200 nor Gas at $10, your predications were so close though.

 

[dmcowen674]

Originally posted by: Ladies Man
Heating oil... it's freezing out. Everyone is using heating oil.

Well which is it?

Oil overflowing and out of places to store it or there is a shortage because it's cold?

I present two articles for you to decide:

Running out of places to store all the excess oil.

1-15-2009 Crude prices tumble below $34

NEW YORK ? Oil prices tumbled below $34 Thursday, closing in on five-year lows as employment claims rose and OPEC cut demand expectations for 2009.

"The bull oil era is officially over," said Phil Flynn, an analyst at Alaron Trading Corp.

Light, sweet crude for February delivery fell more than 10 percent, or $3.87, to $33.41 a barrel Thursday on the New York Mercantile Exchange. At one point prices fell as low as $33.20.

There is so much crude building up in storage tanks, prices are falling because there are fewer places to put it.

Flynn said crude prices should jump as trading moves to the higher March contract because that crude does not have to be delivered for more than a month.
=================================================

1-16-2009 Oil jumps towards $37 as cold weather boosts demand

Oil jumped more than $1 toward $37 a barrel on Friday as cold weather across the northern hemisphere boosted demand for heating fuel and a dispute between Russia and Ukraine kept supplies of Russian gas to Europe low.

The European Union normally gets a fifth of all its gas from Russia via Ukraine. The loss of this supply has forced generators to switch to oil and coal at a time when Europe is experiencing sub-zero temperatures.

The price of oil for delivery in February is down about 10 percent overall this week, as a string of dismal figures from major economies stung investor confidence and portended further weakness in oil demand in months ahead.

"Global oil demand is reducing at an alarming rate," said Rob Laughlin, senior oil analyst at MF Global in London.

"This latest report from the IEA is another warning shot across the bows to OPEC that supply is still outpacing demand and the situation is getting worse seemingly day by day."

"Whilst OPEC is making an effort to adhere to quotas, the clear picture shows that another cut is required and soon."

 

[dmcowen674]

Originally posted by: Capt Caveman

Originally posted by: dmcowen674
My thread was locked so him and his friends must be.

Happens when you're a lying piece of shit. Why do you hate America?

Why do you call people cowards when you won't tell us where you contract at?

Oh and here is the other master asshole that controls this site :roll:

 

[Babbles]

Originally posted by: SSSnail
Oil is at $35.4 /barrel, why is gas going up? Demand is way down too... what's the excuse now?

With record low temperatures, I think your assumption that "demand is way down" is incorrect.

From my understanding refining capacity is not always in tandem with oil production.

 

[nonameo]

What I want to know is why brent is so much higher than WTI

 

[Capt Caveman]

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674
My thread was locked so him and his friends must be.

Happens when you're a lying piece of shit. Why do you hate America?

Why do you call people cowards when you won't tell us where you contract at?

Oh and here is the other master asshole that controls this site :roll:

Nope, just calling you out for being a lying piece of shit. Why don't you go troll else where? Have you been right on any of your predictions?

 

[dmcowen674]

Originally posted by: Capt Caveman

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674
My thread was locked so him and his friends must be.

Happens when you're a lying piece of shit. Why do you hate America?

Why do you call people cowards when you won't tell us where you contract at?

Oh and here is the other master asshole that controls this site :roll:

Nope, just calling you out for being a lying piece of shit. Why don't you go troll else where? Have you been right on any of your predictions?

I'm calling you out for the asshole that you are.

Expect a court order asshole.

 

[Gothgar]

Originally posted by: JDub02
I found this to be interesting ... Contango

"Brought to you by the word of the day: Contango"

has a nice ring to it

 

[Aikouka]

Mid Grade and Premium Grade gas hasn't dropped around here in months. When standard grade was around $1.60 a gallon, mid-grade was still over $2 . Recently, standard rose to 10 cents less than mid, but fell down a little again.

 

[Capt Caveman]

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674
My thread was locked so him and his friends must be.

Happens when you're a lying piece of shit. Why do you hate America?

Why do you call people cowards when you won't tell us where you contract at?

Oh and here is the other master asshole that controls this site :roll:

Nope, just calling you out for being a lying piece of shit. Why don't you go troll else where? Have you been right on any of your predictions?

I'm calling you out for the asshole that you are.

Expect a court order asshole.

:laugh: Calling us assholes b/c we caught all of the lies that you spewed which got your thread locked. Oh noes! Poor baby! Why don't you go cry at your forum of one?

Court order? More :laugh:

 

[nakedfrog]

Originally posted by: Capt Caveman

Originally posted by: dmcowen674
My thread was locked so him and his friends must be.

Happens when you're a lying piece of shit. Why do you hate America? Why do you call people cowards when you won't tell us where you contract at?

2008 ended with Oil not at $200 nor Gas at $10, your predications were so close though.

It's all part of the conspiracy. The Republicans and oil companies lowered prices specifically to discredit Dave.

 

[IceBergSLiM]

you haven't figured out the whole OIL game is rigged by now?

 

[dmcowen674]

Originally posted by: Capt Caveman

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674
My thread was locked so him and his friends must be.

Happens when you're a lying piece of shit. Why do you hate America?

Why do you call people cowards when you won't tell us where you contract at?

Oh and here is the other master asshole that controls this site :roll:

Nope, just calling you out for being a lying piece of shit. Why don't you go troll else where? Have you been right on any of your predictions?

I'm calling you out for the asshole that you are.

Expect a court order asshole.

:laugh: Calling us assholes b/c we caught all of the lies that you spewed which got your thread locked. Oh noes! Poor baby! Why don't you go cry at your forum of one?

Court order? More :laugh:

Us eh?

How many anonymous coward accounts do you have on here asshole?

 

[amdhunter]

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674
My thread was locked so him and his friends must be.

Happens when you're a lying piece of shit. Why do you hate America?

Why do you call people cowards when you won't tell us where you contract at?

Oh and here is the other master asshole that controls this site :roll:

Nope, just calling you out for being a lying piece of shit. Why don't you go troll else where? Have you been right on any of your predictions?

I'm calling you out for the asshole that you are.

Expect a court order asshole.

:laugh: Calling us assholes b/c we caught all of the lies that you spewed which got your thread locked. Oh noes! Poor baby! Why don't you go cry at your forum of one?

Court order? More :laugh:

Us eh?

How many anonymous coward accounts do you have on here asshole?

Ladies, take a chill pill.

 

[BoomerD]

http://www.modbee.com/business/story/566478.html

Why gasoline prices rise while oil declines
By John Porretto
The Associated Press

You may do a double-take as you pass your local gas station. It's likely the price you pay at the pump has jumped markedly in the past couple of weeks, even as crude prices have fallen.

The average national price for a gallon of unleaded gas rose seven-tenths of a cent overnight to $1.799 -- well below the $3.05 average of a year ago but up nearly 14 cents in the past month, according to the auto club AAA, the Oil Price Information Service and Wright Express, a company that tracks transportation data.

In California, AAA reports the statewide average is $2.01, rising 21 cents from a month ago. In Modesto, AAA put the price at $2.03, up 38 cents. On Thursday modestogasprices.com had the city area's average at $2.02, up 41 cents from a month ago.

At the same time, the price of crude, which accounts for about 60 percent of gasoline's cost, has been on a steep decline. Oil futures tumbled below $34 a barrel Thursday after trading as high as $50 a barrel just 10 days ago.

So what gives?

When oil made its extraordinary fall in recent months from a record high above $147 a barrel in July, gasoline followed suit. Why not now?

Here are some questions and answers about the connections between oil and gasoline prices.

Q: Why aren't gas prices falling at my local service station right now?

A: While oil and gasoline prices very often move in the same direction, there's usually a lag between crude's decline (or rise) and that of gasoline. Analysts say the ongoing uptick is gasoline prices likely is tied to oil's sharp rise at the end of last year, when fighting between Israel and Palestinian militants raised concerns about supply disruptions in the Middle East.

Q: If that's the case, now that oil has retreated to below $40, shouldn't gasoline get cheaper?

A: It should and it might, but other factors are at play.

For one, the companies that process crude into products such as gasoline are sharply cutting production, in part because demand has fallen off so much. Less production means less supply, which tends to push prices up.

The gasoline producers are trying to make some money in the wake of a dismal 2008. When crude prices were so high in the first half of last year, refining margins -- the difference between what refiners pay for crude and what they get for products they make from oil -- were poor. In the latter half of the year, margins improved as oil prices receded, but refiners continued to struggle because people were simply driving less and buying less gasoline.

Companies that refine oil are publicly traded. If they don't turn a profit, they won't be around long.

"Refiners are not going to continue to sell gasoline at a discount to crude oil," said Ben Brockwell, director of data, pricing and information services for the Oil Price Information Service. "It simply hasn't paid to produce gasoline."

Q: But doesn't that mean they're simply inflating the price of gasoline?

A: That's the opinion of the nonprofit group Consumer Watchdog, which tracks the industry closely and has consistently called for greater regulation of refineries.

Consumer Watchdog says production cuts at refineries in California, for example, have far exceeded the state's drop in consumption.

"The refinery cutbacks are for purely financial reasons," said Judy Dugan, the organization's research director. "Now is the time for government to insert sharper oversight and regulatory controls of the refining industry."

Q: How does my local station set gas prices? Does it follow orders from corporate headquarters to keep prices as high as possible?

A: One thing many people don't realize is that major oil companies own fewer than 5 percent of gas stations. For example, Exxon Mobil Corp.said last June that it was getting out of the retail gasoline business, following other major oil companies who have been selling the low-margin businesses to gasoline distributors.

Most stations are owned by small retailers and many say they took a beating last year when crude prices spiked because they were unable to raise pump prices fast enough to keep pace.

That's exactly why some stations raised prices fast after oil futures jumped late last year.

Gas station owners face a balancing act: They must try to maintain a price that allows them to afford the next shipment of gasoline but not give the competition an edge.

Quinn Cassidy, an independent gasoline retailer in Slidell, La., said his profit margin on a gallon of gasoline has improved significantly since the summer, when he and others sometimes made pennies per gallon.

Now, because of crude's descent, he says he can make 25 cents to 30 cents a gallon, and he makes no apologies for trying to keep the price as high as possible while remaining competitive.

"Why isn't it OK for me to make money?" Cassidy asked.

 

[Bulk Beef]

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674
My thread was locked so him and his friends must be.

Happens when you're a lying piece of shit. Why do you hate America?

Why do you call people cowards when you won't tell us where you contract at?

Oh and here is the other master asshole that controls this site :roll:

Nope, just calling you out for being a lying piece of shit. Why don't you go troll else where? Have you been right on any of your predictions?

I'm calling you out for the asshole that you are.

Expect a court order asshole.

Oh SNAP!! Shit just got real, yo.

 

[dmcowen674]

Originally posted by: BoomerD
http://www.modbee.com/business/story/566478.html

Why gasoline prices rise while oil declines
By John Porretto
The Associated Press


For one, the companies that process crude into products such as gasoline are sharply cutting production, in part because demand has fallen off so much. Less production means less supply, which tends to push prices up.

The gasoline producers are trying to make some money in the wake of a dismal 2008.

When crude prices were so high in the first half of last year, refining margins -- the difference between what refiners pay for crude and what they get for products they make from oil -- were poor. In the latter half of the year, margins improved as oil prices receded, but refiners continued to struggle because people were simply driving less and buying less gasoline.

Companies that refine oil are publicly traded. If they don't turn a profit, they won't be around long.

"Refiners are not going to continue to sell gasoline at a discount to crude oil," said Ben Brockwell, director of data, pricing and information services for the Oil Price Information Service. "It simply hasn't paid to produce gasoline."

Q: But doesn't that mean they're simply inflating the price of gasoline?

A: That's the opinion of the nonprofit group Consumer Watchdog, which tracks the industry closely and has consistently called for greater regulation of refineries.

Consumer Watchdog says production cuts at refineries in California, for example, have far exceeded the state's drop in consumption.

"The refinery cutbacks are for purely financial reasons," said Judy Dugan, the organization's research director. "Now is the time for government to insert sharper oversight and regulatory controls of the refining industry."

Quinn Cassidy, an independent gasoline retailer in Slidell, La., said his profit margin on a gallon of gasoline has improved significantly since the summer, when he and others sometimes made pennies per gallon.

Now, because of crude's descent, he says he can make 25 cents to 30 cents a gallon, and he makes no apologies for trying to keep the price as high as possible while remaining competitive.

"Why isn't it OK for me to make money?" Cassidy asked.

Great post Boomer.

Dismal 2008? Give me a fucking break

When Exxon et al made the most money in the history of the planet with billions and billions per quarter?

How many of the oil apologists in here profit directly?

My biggest stalker? He's anonymous so he could be the President of Exxon.

 

[dmcowen674]

Originally posted by: Bulk Beef

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674
My thread was locked so him and his friends must be.

Happens when you're a lying piece of shit. Why do you hate America?

Why do you call people cowards when you won't tell us where you contract at?

Oh and here is the other master asshole that controls this site :roll:

Nope, just calling you out for being a lying piece of shit. Why don't you go troll else where? Have you been right on any of your predictions?

I'm calling you out for the asshole that you are.

Expect a court order asshole.

Oh SNAP!! Shit just got real, yo.

This anonymous asshole follows me into every thread, gets my threads locked and gets them to vacation me.

You bet it's real.

 

[Capt Caveman]

Originally posted by: Bulk Beef

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674

Originally posted by: Capt Caveman

Originally posted by: dmcowen674
My thread was locked so him and his friends must be.

Happens when you're a lying piece of shit. Why do you hate America?

Why do you call people cowards when you won't tell us where you contract at?

Oh and here is the other master asshole that controls this site :roll:

Nope, just calling you out for being a lying piece of shit. Why don't you go troll else where? Have you been right on any of your predictions?

I'm calling you out for the asshole that you are.

Expect a court order asshole.

Oh SNAP!! Shit just got real, yo.

No it didn't - http://forums.anandtech.com/me...=2267822&enterthread=y

 

[ElFenix]

If Dave and Capt Caveman can't keep it under control I will have to start handing out vacations.

ATOT Moderator ElFenix

 

[dmcowen674]

Originally posted by: ElFenix
If Dave and Capt Caveman can't keep it under control I will have to start handing out vacations.

ATOT Moderator ElFenix

Please do, all you guys have been doing is vacationing me not the anonymous coward asshole Capt Caveman.

At least be fucking fair for a god damned change.

There's a week.

ATOT Moderator ElFenix

 

[IceBergSLiM]

court order lolllllllllllllllllllll

 

[JD50]

haha, court order.

 

[compman25]

One call, that's all!

 

[ballmode]

should we just lock it up?