bpt hustle
New member
"GREED" nothing more. Most people dont know that it cost about $3.00 to refine a barrell of oil and it trades for $90.00 a barrell currently.
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louis the great
New member
bpt hustle;1717792 said:
This^^^^^^^^^^^
Tommy take your dumbass to school nigga. Short bus ridein motherfucker..........
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Swiffness!
New member
Ya'll American niggas need to realize that a "low price" for a gallon of gas in Britain is like $9 dollars. America pretty much has the cheapest gas of any country that don't have massive oil reserves like Venezuela or Saudi Arabia.
The Gov't SHOULD increase the gas tax by a substantial number, but all these fiscal hawks screamin about the deficit would lose their lunch if that happened. Minus Charles Krauthammer, of course.
The Gov't SHOULD increase the gas tax by a substantial number, but all these fiscal hawks screamin about the deficit would lose their lunch if that happened. Minus Charles Krauthammer, of course.
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shootemwon
New member
Swiffness!;1719615 said:
This.
Also, Tommy, ain't you the dude talking about getting an 11/hour job and called it "highly lucrative"? Why in the fuck you driving a car that needs premium gasoline? Stop living beyond your means, the hard economic times ain't over yet. I'll let you knew when the next credit bubble begins and then you can drive an expensive car. Until then, trade that shit in.
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Tommy Billfiger
New member
shootemwon;1719757 said:
This is a simpleton Gns reply right here.Its just a buick regal its supercharged thats why it takes premium gas
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phantom0900
New member
ether-i-am;1717895 said:
this is the answer best suited for this board
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major pain
New member
$2.75 - $3.02 here
Pretty sad when we're glad gas is under $3.00....
Pretty sad when we're glad gas is under $3.00....
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bornnraisedoffCMR
New member
Go ask Ben Bernanke.
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konceptjones
New member
ether-i-am;1717895 said:
I'll elaborate:
Early-Mid 2000:
Reports in various parts of the country popped up about broken pipelines feeding local refineries and whatnot starving those areas of gasoline. S.E. Michigan was one such area. SE Michigan, like the rest of the country, had gas as low as $1 a gallon, which then ballooned to a nightmarish $2.50/gallon within a matter of weeks. Over the summer, gas prices floated between $2.00/gallon to $2.50/gallon and even though we all complained about this, we continued to fill up our tanks without so much as a dent in sales. By 2002, gas prices were hovering just above $1 a gallon.
Fast forward to 2003, not long after we invaded Iraq. S.E. Michigan, once again, is paying in upwards of $2.00 a gallon for gas, this time without explanation other than vague linking to rising oil prices due to the war. We decided to take a trip to Phoenix, AZ to look around before moving there. What I noticed during the drive to AZ is that as soon as we left Michigan, gas prices were immediately nearly 50 cents cheaper, and the further we got away from the state the cheaper gas got, bottoming out at about $1.29 in Oklahoma City, OK and Amarillo, TX. Curiously, though, prices were nearly at Michigan levels once we hit AZ, with gas running about $1.79/gallon.
Two months later, right after we moved to Phoenix, a familiar headline hit me in the face: It seems a mystery pipeline had broken out in the desert somewhere, forcing gas supplies to PHX to drop and prices to skyrocket... Just like it did in Michigan a few years earlier. Everything was the same, gas went up to about $2.50 a gallon, and even though it cost more, people didn't buy much less.
As far as I'm concerned, several cities were used as test markets to see whether or not people comfortable paying $1-$1.29 a gallon for gas would be willing to shell out more than double that under the right conditions, trumped up by the media, of course. This ultimately led to $4/gallon gas in only a few short years with a few notable exceptions: In the last 3 months leading up to the 2004 Presidential Election, gas prices dropped to about $1.50 a gallon (even less in some areas). Similarly, during the last few months of the 2006 mid-term elections, gas prices had a strikingly similar fall. Finally, gas prices, once again, dropped to about $1.60/gallon during the final 3 months of the 2008 Presidential Elections, dropping from an average of nearly $4.00/gallon in September to $1.60 in November.
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blakfyahking
New member
bpt hustle;1717792 said:
^^^^THIS but a little bit deeper than that
basically the price of gasoline is subject to US currency devaluation and an economic concept called "stickiness"
price stickiness is better described as the resistance to change in general price levels
price stickiness can be upwards or downwards
in the case of firms, prices tend to be sticky downward because managers of firms are assumed to be rational actors who have the motive of maximimizing wealth as their #1 goal
if there isn't that much competition for their products, firms like BP and Exxon can get away with maintaining prices or even raising them as long as consumers and resident govts accept it
when there are significant alternatives to gasoline for cars, you won't see so many random spikes in gas prices like you've seen recently
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