Gasoline Prices

[txswinner]

Same amout of oil available, China etc. still building and using up oil, demand constant, only difference is upcoming election which R will lose if prices do not drop.

And you guys told me that the administration has no control on gasoline prices. Explain to me again this whole supply and demand thing. Bunk.

 

[Plainsman]

Re: Gasoline Prices

Well one part of it is the "Summer blend" that is used to keep all the tree huggers happy. Now that summer is over, that blend is no longer used for the winter,price drops. As for the rest, it has been discussed before and if you want to search for it, enjoy.
Anything else I can do for you?

 

[Limited-Time]

Re: Gasoline Prices

Big oil saw the huge increase in alternative fuel R&D and realized if prices stayed up green energy would eat into their profits. Their only recourse was to turn down the hurricane machine, easing worry about production interruptions. Then announce the discovery of deep well oil reserves amounting to at least a 50 percent additional increase in US reserves.

 

[POINTER94]

Re: Gasoline Prices

OK, lets get this straight, this is George Bush's fault.

 

[Plainsman]

Re: Gasoline Prices

Dang it Pointer, I was going to say that!
But ok, W turned off the hurricain machine and used his ESP to find oil of the coast.

 

[crunch]

Re: Gasoline Prices

Same amout of oil available, China etc. still building and using up oil, demand constant, only difference is upcoming election which R will lose if prices do not drop.

And you guys told me that the administration has no control on gasoline prices. Explain to me again this whole supply and demand thing. Bunk.

Ever see the movie "Trading Places" when the two brothers explained to Eddie Murphy about Commodities? That's a real simple version of reality.

Oil, gasoline, diesel, etc. are commodities. The price is determined by the trader sentiment (price is going to go up or down). If a trader thinks the price will go down, they buy futures contracts at to days prices to be sold at that price at a later date. If they think the price will go down, they sell future contracts at to days price to be sold at a later date.... clear as mud?

The commodity exchange is the only place in the world that I know of where you can sell something before you have bought it, it's also the worlds biggest gambling hall. Traders from all over the world gamble there and NO government controls it.

Any Government can influence it to a small degree by buying up surplus. OPEC can influence it by opening or shutting the tap. Some very large trading firms can influence the price by their buying or selling pressure, but only a penny or two.

So what determines the price of fuel? The combined buying and selling of 10,000,000 traders buying or selling 100,000,000 contracts a day.

So how could any Gov.org manipulate that?... be easier to herd 10,000,000 cats in one general direction.

From a former commodity gambler.

 

[ob]

Re: Gasoline Prices

Let "me" get this straight.Oil prices are down and txwinner is still whining about Bush like a spoiled child that finally got some cookies before dinner that he's been whining about,and then whines the whole time he's eating them.8)

 

[Plainsman]

Re: Gasoline Prices

Let "me" get this straight.Oil prices are down and txwinner is still whining about Bush like a spoiled child that finally got some cookies before dinner that he's been whining about,and then whines the whole time he's eating them.8)

Yup. Did you expect something else?

 

[Haut Medoc]

Re: Gasoline Prices

I agree with Pointer.....

 

[kenimpzoom]

Re: Gasoline Prices

Good greif man, I hope your joking. It must be a rough life being a victim all the time.

txwhiner aka txtroller aka victim of GWB's evil plots.

Ken

 

[Boomyal]

Re: Gasoline Prices

OK, lets get this straight, this is George Bush's fault.

Of course Pointer. Didn't you read the talking points.

 

[Boomyal]

Re: Gasoline Prices

Same amout of oil available, China etc. still building and using up oil, demand constant, only difference is upcoming election which R will lose if prices do not drop.

And you guys told me that the administration has no control on gasoline prices. Explain to me again this whole supply and demand thing. Bunk.

Ever see the movie "Trading Places" when the two brothers explained to Eddie Murphy about Commodities? That's a real simple version of reality.

Oil, gasoline, diesel, etc. are commodities. The price is determined by the trader sentiment (price is going to go up or down). If a trader thinks the price will go down, they buy futures contracts at to days prices to be sold at that price at a later date. If they think the price will go down, they sell future contracts at to days price to be sold at a later date.... clear as mud?

The commodity exchange is the only place in the world that I know of where you can sell something before you have bought it, it's also the worlds biggest gambling hall. Traders from all over the world gamble there and NO government controls it.

Any Government can influence it to a small degree by buying up surplus. OPEC can influence it by opening or shutting the tap. Some very large trading firms can influence the price by their buying or selling pressure, but only a penny or two.

So what determines the price of fuel? The combined buying and selling of 10,000,000 traders buying or selling 100,000,000 contracts a day.

So how could any Gov.org manipulate that?... be easier to herd 10,000,000 cats in one general direction.

From a former commodity gambler.

txwinner does not want to know these things custombycrunch, 'cause then he wouldn't have anything to whine about.

ps, I hope you made a few bucks at txwinners expense.8)

 

[crunch]

Re: Gasoline Prices

txwinner does not want to know these things custombycrunch, 'cause then he wouldn't have anything to whine about.

ps, I hope you made a few bucks at txwinners expense.

Came out about even after 2 years... but it was a great $100.000 experiance.

 

[rodbolt]

Re: Gasoline Prices

yep its all Bush's fault.
actually I agree with the commodity thing, happens every year.
however I was told heating oil is climbing again.
that happens every year as well, I usually buy 275 gallons in june and it will last me from nov to about march depending on how many live in the house and how cold it gets,
but once it went over 2 dollars a gallon in 04 I switched back to the baseboard electric.
I really dont think either political machine can manipulate oil but so much. however wall street can.

 

[crunch]

Re: Gasoline Prices

Wall Street can't... just to many money grubbing traders out there... and there is a lot of money to be grubbed. can't be bought off unless you have access to the entire world savings account 8)

 

[rwise]

Re: Gasoline Prices

simple, I have it and I'll charge whatever the heel I want to for it, and you'll still buy it!

 

[heycods]

Re: Gasoline Prices

Look at the brite side Tx. you can go further oy your boat now, with gas prices down 10% you can stay out on the water 10% longer. o ALL PRAISE GWo

 

[txswinner]

Re: Gasoline Prices

I do agree with many that the W administration is the reason behind the fall in prices. I remember when the same group explained that prices increased from $1.50 to $3.00 it was commodity market.

Then you said it was lack of new refineries.

Neither was true, much like this entire administration.

Now we are back to commodities.

My prediction, we will not get back to the $1.50 gas even without the huge hurricane problems, the price will drop thru the election, then it will slowly increase and the blind will again think it is because of supply and demand. If gas is under $2.00 in Jan. then I have missed the boat on my whole opinion.

If gas is over $2.50 then the blind can continue their march to no where.

 

[PW2]

Re: Gasoline Prices

I'm sorry to say this, Tx, but gas prices are indeed a commodity, and beyond the control of any politician.

That does not mean it is all "supply and demand" however. Speculators fuel the wild swings in the oil and gas market. Speculators by definition cannot make money in a stable, explainable market. They can only make money when the market fluctuates, and the wilder it fluctuates, the more opportunity for them to make money.

It does not matter whether the market rises or falls to speculators. Movement is all they require.

This does not mean we can assume because of the recent decline in oil/gas prices we are somehow out of the woods. The same speculators that have forced the market down will shortly be at work trying to force it back up again.

We need some sort of long term energy policy that addresses both consumption and sources of energy that makes sense from a supply standpoint as well as an environmental standpoint.

 

[eeboater]

Re: Gasoline Prices

LMFAO - Wow. And <font color=red><h1>we're</h1></font> the unintelligent ones according to Txs.

I wonder what flavor the Koolaid was this time... petroleum? haha.