Gas price question - Page 2

Papa_Complex · 03-07-2011, 11:33 AM

Quote:

Originally Posted by goof2

The people who play the commodities markets right are the ones who benefit. The oil prices you see quoted are not what someone is paying to buy a barrel of oil immediately. The prices typically reflect a one month futures contract. That is why they call them speculators. They are buying oil for next month and speculating on what will be a good price. If they do it well they pay less than what the spot price ends up being next month. If they do it poorly they pay more.

They can also only steer the price to the point others are willing to follow. As prices have continued to rise the guy you mentioned from England looks pretty smart and may make some money. If prices hadn't risen, or end up falling he looks pretty dumb and looses some money.

He looked like a dumbass then, because he overpaid just to say that he was the first.

Particle Man · 03-07-2011, 12:13 PM

Either way, we're getting effed...

TYEster · 03-07-2011, 12:25 PM

I hate paying for fuel. I don't really have anything else to say or contribute here because I don't know how the system works.

tommymac · 03-07-2011, 12:30 PM

Quote:

Originally Posted by TYEster

I hate paying for fuel. I don't really have anything else to say or contribute here because I don't know how the system works.

Guess we can both learn then

I just keep topping off the car now since it seems like it will be increasing daily now.

one station in NYC is already being investigated for price gouging, theyr over 4 dollars already.

TYEster · 03-07-2011, 05:02 PM

Quote:

Originally Posted by tommymac

Guess we can both learn then

I just keep topping off the car now since it seems like it will be increasing daily now.

one station in NYC is already being investigated for price gouging, theyr over 4 dollars already.

I don't know if I want to know though. I think it would really piss me off more. I know gas prices were higher due to things like barrel cost but I assumed what we pay at the pump has more to do with a federal tax that our government put on it. Kinda like a few years back when they jumped and our economy headed downhill quickly after. I'm sure there's a few other factors, like a black man getting elected or whatever that people want to blame. But I believed it was the outrageous gas prices that really tipped the scale.

Being ignorant sometimes has saved my blood pressure from going up, so I don't know if that's specifically the case, but its the opinion I had. If someone can answer that then I'm all open to listening.

HokieDNA01 · 03-07-2011, 05:10 PM

I believe the share holders make more money when gas prices are high. My dad is big in the oil stock market and always seems to be happy when prices are high. Before you start cursing my dad...just be aware that anyone can buy in and they also are highly volitile

derf · 03-07-2011, 06:02 PM

Just lucky now that I fill up my truck (maybe) once every few weeks, it was 3.37 today

r1chica · 03-07-2011, 06:28 PM

one thing is for damn sure - I'm commuting on the bike a HELL of a lot more now. It gets double the gas mileage as my car.

HokieDNA01 · 03-07-2011, 06:30 PM

My accord gets 26-30mpg of regular and the bike gets ~35-40mpg of premium so its a toss up

Particle Man · 03-07-2011, 06:35 PM

I will be working from home a lot.

03-07-2011, 12:13 PM	#12
Particle Man Custom User Title Join Date: Nov 2008 Location: Central NY Moto: 2003 SV650S Posts: 14,959	Either way, we're getting effed... __________________ I'm not "fat." I'm "Enlarged to show texture." Handle every stressful situation like a DOG: If you can't eat it or hump it, pi$$ on it & walk away.

03-07-2011, 05:10 PM	#16
HokieDNA01 WERA White Plate Join Date: Nov 2008 Location: Nashville, TN Moto: 2007 Suzuki GSX-r 750 Posts: 1,404	I believe the share holders make more money when gas prices are high. My dad is big in the oil stock market and always seems to be happy when prices are high. Before you start cursing my dad...just be aware that anyone can buy in and they also are highly volitile __________________ XX>XY 2014 Honda NC700X 2007 Suzuki GSX-r 750 2000 Yamaha XT225 2004 Kawasaki EX250 (sold)

03-07-2011, 06:02 PM	#17
derf token jewboy Join Date: Nov 2008 Moto: CBR 900, KLR ugly ass duckling, Gas Man Posts: 10,799	Just lucky now that I fill up my truck (maybe) once every few weeks, it was 3.37 today __________________

03-07-2011, 06:30 PM	#19
HokieDNA01 WERA White Plate Join Date: Nov 2008 Location: Nashville, TN Moto: 2007 Suzuki GSX-r 750 Posts: 1,404	My accord gets 26-30mpg of regular and the bike gets ~35-40mpg of premium so its a toss up __________________ XX>XY 2014 Honda NC700X 2007 Suzuki GSX-r 750 2000 Yamaha XT225 2004 Kawasaki EX250 (sold)

03-07-2011, 12:25 PM	#13
TYEster With MORE TYEstosterone Join Date: Dec 2008 Location: TX Moto: '12 KX450F / 08 YZ250F #512 / 07 KX65 #1 Posts: 1,429	I hate paying for fuel. I don't really have anything else to say or contribute here because I don't know how the system works.

03-07-2011, 06:28 PM	#18
r1chica P90X addict Join Date: Jul 2009 Location: Deerfield Beach Moto: 03 R1 LE Posts: 66	one thing is for damn sure - I'm commuting on the bike a HELL of a lot more now. It gets double the gas mileage as my car.

03-07-2011, 06:35 PM	#20
Particle Man Custom User Title Join Date: Nov 2008 Location: Central NY Moto: 2003 SV650S Posts: 14,959	I will be working from home a lot.