$2.20 And Lower. Prices Going Down Down Down

[Gunslinger]

Originally posted by The Big Sexy:
gunslinger,

You are *wrong* in you assertion that Ickey's chart proves anything. I never said seasonal pricing has no effect. I'm saying there's more to the $1 drop in gasoline than seasonal effects. Everyone knows the summer mix costs more to produce than the winter mix.

I *just* read an article online in USA Today:

"Amid falling falling gas prices...President Bush's approval rating has risen to 44% in a new USA Today/Gallup poll..."

And I just *love* it how you simply dismiss this as a mere "correction."

I mean, Iran is a problem and will continue to be a problem. Iraq is a problem and will continue to be a problem; their production still hasn't returned to prewar levels. China and India are still fueling growing demand. Refineries are still at capacity and will continue to be because practically none have been built in ages. Nigeria has always been in conflict and unable to produce what it should. As a matter of fact, most OPEC countries are unable to produce their quotas. According to "The Economist", "Nigeria faces a period of considerable uncertainty in the run-up to the next presidential and legislative elections, which are scheduled to be held in April 2007." They don't even know is going to compete, much less win and this is expected to "hamper oil production" (Sept 12 edition). And that leaky Alaskan pipeline? That won't be repaired for months, with a goal of 1/2 capacity until it's repaired!

The only thing that hasn't materialized is the hurricanes, though supply constraints from the Gulf were listed as a reason for the recent high prices (source: USA Today, 9/18). I should point out that the majority of hurricanes come in the months after August, so anyone that knows about the perils of such storms - and oil companies do - knows this little tidbit of info.

The point here gunslinger, is that you've done little to explain way what is now a $1 drop in gasoline.

<font color="#a62a2a"><font size="1">[ September 19, 2006 11:36 AM: Message edited by: The Big Sexy ]</font></font>

<font size="2" face="Verdana, Helvetica, sans-serif">1) Everyone and their mother was expecting Iran to be sanctioned over their uranium enrichment and nuclear armament program. To date that has not been done.

2)The unrest in Nigeria was expected to turn more violent and partisan. It has not.

3) If you had looked at the hurricane predictions, you would know that the forecasters were calling for an extremely active hurricane season. The National Hurricane Center predicted 13-16 named storms with 8-10 becoming hurricanes and 4-6 beoming 'major' hurricanes (category 3 and above). That hasn't happened. Here is the link: http://www.noaanews.noaa.gov/stories2006/s2634.htm
Here is the link for the mid-season update they put out in August: http://www.cpc.ncep.noaa.gov/product...urricane.shtml
If you read that you'll see where they have backed off their original predictions a little bit.

I will give you that August thru October is the peak for Hurricane Season, but I will tell you this; when I lived on the coast of North Carolina for 4 years, we had Hurricane/Tropical Storm watches and warnings all throughout the season, not just in Aug, Sept & Oct.

4) The leaky pipeline is the only one out of the four that really has materialized.

5) While Iraq may not be at prewar levels, despite the ongoing insurgent violence, they are at a 2 year high in production.

While you think that I have done "little" to prove why the price has dropped so much, you, my friend, have done nothing to prove your conspricy theory.

[cincygreg]

Hey, after paying in the $2.70-$3.00+ range for the last few months, it's great to see $2.20 and lower at the pumps these days.

Heard a few places are actually under $2.00 bucks. [img]graemlins/thumbs_up.gif[/img] [img]smile.gif[/img]

[gae]

But really, did the higher price of gas keep anyone from doing anything they really WANTED or NEEDED to do?

[reason]

Originally posted by cincygreg:
Hey, after paying in the $2.70-$3.00+ range for the last few months, it's great to see $2.20 and lower at the pumps these days.

Heard a few places are actually under $2.00 bucks. [img]graemlins/thumbs_up.gif[/img] [img]smile.gif[/img]

<font size="2" face="Verdana, Helvetica, sans-serif">So, greg, if I understand you correctly, you are pleased that the price of gas has declined so dramatically.

[cincygreg]

YEP! Quite pleased that's it's finally gotten back down to where it was a while ago.

I still have over a half a tank of gas from that $22.50 fillup! [img]graemlins/thumbs_up.gif[/img]

OH WHAT A FEELING [img]wink.gif[/img]

[cincygreg]

Actually gae, I think most people may have become a little more cautious of spending but probably did many of the things they did before. It just left some (many) a little shorter on the free time money.

You take an extra $40-$50 a month out of someone's wallet, and it's going to force them to make some changes or adjustments somewhere. They may not actually give anything up, but they may do certain things less and become more aware of how they spend their money.

This mild weather (although it's getting a little chilly at night) is helping as well. Not warm enough for A/C, not quite cold enough to run the heater (well maybe a little for some).

An extra blanket, the long pajamas and fuzzy slippers oughta do the trick though!

[reason]

Originally posted by cincygreg:
YEP! Quite pleased that's it's finally gotten back down to where it was a while ago.

I still have over a half a tank of gas from that $22.50 fillup! [img]graemlins/thumbs_up.gif[/img]

OH WHAT A FEELING [img]wink.gif[/img]

<font size="2" face="Verdana, Helvetica, sans-serif">I think we have found common ground on this issue, greg. I, too, am unhappy when gas prices go up and happy that they've gone down.

[travelinman]

If things go as expected with Iran and Venezuela, after the elections be prepared for $5.00 a gallon next spring.

Fuck Chavez - Boycott Citgo

[reason]

Originally posted by cincygreg:


That's like three or four times that we've agreed this year reason [img]eek.gif[/img]
SCARY SCARY STUFF! [img]eek.gif[/img] [img]rolleyes.gif[/img] [img]graemlins/hmmm.gif[/img]

<font size="2" face="Verdana, Helvetica, sans-serif">I'm *not* implying anything, greg, but gay people typically take the same stance on gasoline prices, so you have a commonality there, too.

[cincygreg]

They can think whatever they want about gas prices. If they happen to agree with me, so be it.

Dont really see a corelation between sexual preferance and gas prices, but whatever.

I've Been Checking out some of the new hybrids at work, and man are they nice! [img]graemlins/thumbs_up.gif[/img]