Here we go again, gas prices

shawn said:
No, they can't. That's not how futures markets in commodities work. They charge what it's worth. Period, end of story. If you don't like how much money they're making, GO BUY THEIR STOCK.

Gas prices are high now because the dollar is weak. There are other issues at work, the current administration's stance on drilling, pipelines, expanding production, etc certainly factor in.

If you calculate the value of a barrel of oil in ounces of gold, the current price is around 0.0602 ounces of gold per barrel of oil. That price is lower than the average:



Link

Gas prices are high because Treasury is printing money. Worse, they could be much higher than they currently are based on historical data.
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So you are saying, artificially created inflation is a bad thing?
Whoda thunk it.
 
Oh, there's no inflation.

Bernake said so.
 
IOW gas isn't more expensive my preferred method of payment is less valuable. So now I need more of my less valuable currency to buy equal amounts of commodities.

Its like, maybe I should have paid attention in those darn economics classes.
 
shawn said:
Oh, there's no inflation.

Bernake said so.
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Cool...let's spend our way out of this then...

Do people actualy remember when the country SCREAMED about Reagan causing inflation with his tax increase. It never materialized mind you, but historically right wing country music singer Hank Wlliams Jr even penned a song taking a swing at old Ronald...

"Reagan is a cutting the budget,
Making the democrats scream.
Says "We gotta control inflation;
Quit spending our money on everything"
Ahhhh but this years tax increase;
It's the biggest in history.
Around and around it goes;
Where's it stop- Who knows!
The American Dream"

That little ditty dates to 1982.....

Sadly it's the 7th inning stretch, I look down the bench and I don't see a closer. I see a couple kids just called u from Double A ball, a bat boy and a slew of old gusy who never were doing there best to convince me they are not has beens.

Can I phone a friend or get a life line option before November.

I mean really the choics on the ballot arE:
A) Have your nuts crushed with a sledge hammer
B) Castrated with aq dull knife
C) Smoke Dope while I burn the country down.
 
The clown down the street from my house is at the following:

$3.96/gal for gas

$4.46/gal for diesel

The diesel is way out of line for what other stations are asking. That fuel is going to go bad sitting in his tank because nobody is going to buy that shit at that price.
 
You need to come to midland, the hess up the road has gas for $3.84/gal and diesel for 4.08ish/gal. The other week they had gas down at 3.70/gal then it jumped up to $3.86/gal and then went back down.
 
gas goes up & the stocks go down..
 
Update on prices $3.82/gal for gas and $4.17/gal for diesel. Might be a stupid question but I remember when diesel was cheaper than gas, why did it flip?
 
Redneck92 said:
Update on prices $3.82/gal for gas and $4.17/gal for diesel. Might be a stupid question but I remember when diesel was cheaper than gas, why did it flip?
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Because they realized that the country runs on diesel and we HAVE to pay what they chagre for it.....
 
Gas prices,have hardly changed In past three years

Seems that way bc the dollar is just about worthless, look at europes average gas cost over past 5 years

sooner or later youll be paying 8 dollars a gallon , i wouldnt be supprised if that was as early as 2014


Better start working local soon

Sent from my HTC Glacier using Tapatalk 2
 
Cory said:
sooner or later youll be paying 8 dollars a gallon , i wouldnt be supprised if that was as early as 2014


Better start working local soon
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The US economy will shut down if gas goes that high by 2014.
 
shawn said:
Oh, there's no inflation.

Bernake said so.
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Food and energy isn't included when they calculate it. So yeah, everything is just peachy. AND unemployment is 8.whatever lie they are peddling. :rolleyes:
 
Tech11 said:
Food and energy isn't included when they calculate it.
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It used to be. They changed the rules they use to calculate inflation.

I've seen a ticker somewhere that calculates it based on the old rules.
 
shawn said:
It used to be. They changed the rules they use to calculate inflation.

I've seen a ticker somewhere that calculates it based on the old rules.
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Id love to see that.
 
Redneck92 said:
Update on prices $3.82/gal for gas and $4.17/gal for diesel. Might be a stupid question but I remember when diesel was cheaper than gas, why did it flip?
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The EPA. The low sulfur stuff costs more to make.
 
Just heard on the news congress proposed a bill to raise the fed tax on diesel fuel, seriously how fucking stupid can they be
 
1983Bronco said:
Just heard on the news congress proposed a bill to raise the fed tax on diesel fuel, seriously how fucking stupid can they be
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I guess raising diesel higher than premium wasn't enough? I wonder if anyone in congress even knows a person that is greatly affected by the cost of diesel(besides everyone)? I'm sure it never really crosses their mind when they're driving a gov funded vehicle with a gov funded gas card.
 
Are they seriously that stupid. raising the price of diesel with literally raise the price of everything. Guess they forgot that semi's supply everything to every where and they run on diesel.
 
GONOVRIT said:
I guess raising diesel higher than premium wasn't enough? I wonder if anyone in congress even knows a person that is greatly affected by the cost of diesel(besides everyone)? I'm sure it never really crosses their mind when they're driving a gov funded vehicle with a gov funded gas card.
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And they get paid well, have great benefits, and....They are completly shielded from insider trading and shady stock purchases/sales.
Make investments and then make laws that direcly benefit those in investments. Why is fuel so much?!?! Just because...
 
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