southsider2k5 Posted August 28, 2006 Share Posted August 28, 2006 QUOTE(southsider2k5 @ Aug 17, 2006 -> 12:15 PM) Gas futures have fallen off about 40 cents in the last 3 weeks or so since the Prudehoe Bay highs, all by themselves. Personally I don't think the fall at the pump will be this dramatic, as the run up in the futures never really was fully felt at the pump, but I think we could be looking at 20-25 cents lower at pump by the weekend after Labor Day. Yeah!!! http://www.msnbc.msn.com/id/14545630/ Link to comment Share on other sites More sharing options...
AssHatSoxFan Posted August 28, 2006 Share Posted August 28, 2006 here's the question: since there will no doubt be a drop after labor day due to decreased demand what kind of increase can we look forward to on labor day weekend? Link to comment Share on other sites More sharing options...
Balta1701 Posted August 28, 2006 Share Posted August 28, 2006 QUOTE(AssHatSoxFan @ Aug 28, 2006 -> 08:47 AM) here's the question: since there will no doubt be a drop after labor day due to decreased demand what kind of increase can we look forward to on labor day weekend? Usually gas stations will raise prices like $.10-$.25 on high travel weekends just to make some money off of the high travel volume. I doubt it'll be much different this year. Link to comment Share on other sites More sharing options...
StrangeSox Posted August 28, 2006 Share Posted August 28, 2006 Gas continues to fall. Down to 2.75 in Urbana. Link to comment Share on other sites More sharing options...
kapkomet Posted August 28, 2006 Share Posted August 28, 2006 I about crapped when I paid $2.53 yesterday. Link to comment Share on other sites More sharing options...
AssHatSoxFan Posted August 28, 2006 Share Posted August 28, 2006 i paid $2.64 last wednesday then it promptly dropped to 2.59 on thursday seems to be holding around there for the indy area Link to comment Share on other sites More sharing options...
Rex Kickass Posted August 28, 2006 Share Posted August 28, 2006 I saved so much at 2.69 a gallon that I drove as fast as I could for as long as I could, just so I could save more! Link to comment Share on other sites More sharing options...
Queen Prawn Posted August 28, 2006 Share Posted August 28, 2006 Without a car wash, lowest gas by me is about $2.99. Brian got a car wash and a tank of gas for $2.74 a gallon. Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 28, 2006 Share Posted August 28, 2006 We are down to 2.79 in MC, after being as high as 3.09 during the last spurt. Link to comment Share on other sites More sharing options...
Jenksismyhero Posted August 29, 2006 Share Posted August 29, 2006 $3.29 in Wrigleyville....down from $3.49 last week. Still a ridiculous amount. Link to comment Share on other sites More sharing options...
Texsox Posted August 29, 2006 Share Posted August 29, 2006 $2.69 Link to comment Share on other sites More sharing options...
mreye Posted August 29, 2006 Share Posted August 29, 2006 $2.72 this morning near the East Chicago South Shore station. It's always the cheapest because they have the bridge out just north and traffic is down to a minimum. Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 29, 2006 Share Posted August 29, 2006 More good news... gasoline futures are still falling, they are under 1.80 and still going. Crude has broke under the $70 ppb, and natural gas is flirting with $6. Hopefully the lack of bad news keeps up, because we all can sure use the lower fuel/heating bills. Link to comment Share on other sites More sharing options...
kapkomet Posted August 29, 2006 Share Posted August 29, 2006 It's CRITICAL that we get through the hurricane season unscathed. Having said that, I say in the next two weeks, something ugly is going to happen geopolitically, and Iran will be right in the middle of it, because they need to prop the prices higher again. Link to comment Share on other sites More sharing options...
Texsox Posted August 29, 2006 Share Posted August 29, 2006 QUOTE(kapkomet @ Aug 29, 2006 -> 10:32 AM) It's CRITICAL that we get through the hurricane season unscathed. Having said that, I say in the next two weeks, something ugly is going to happen geopolitically, and Iran will be right in the middle of it, because they need to prop the prices higher again. I passed by one of the offshore rig repair facilities and they are still crowded with work. That would indicate to me we are still behind in production. Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 29, 2006 Share Posted August 29, 2006 QUOTE(Texsox @ Aug 29, 2006 -> 11:06 AM) I passed by one of the offshore rig repair facilities and they are still crowded with work. That would indicate to me we are still behind in production. I caught a blurp yesterday on CNBC to the effect that there is still 1.5 million barrels per day out of production in the US. I didn't catch whether that is all hurricane related, or if it is including everything.... regardless that is a HUGE amount of daily production. Link to comment Share on other sites More sharing options...
aboz56 Posted August 30, 2006 Share Posted August 30, 2006 2.53 here Link to comment Share on other sites More sharing options...
Texsox Posted August 30, 2006 Share Posted August 30, 2006 http://today.reuters.com/news/articlenews....xml&src=rss SYDNEY (Reuters) - Hot and bothered by rising pump prices? Australian brothels are offering clients discounts based on their gas bills. Brothel owners claim the system works much the same way as supermarkets which offer shoppers discounted gas prices by presenting their grocery bills when they fill up their tanks. "If you come in and spend time with one of our lovely ladies, we'll give you a discount of 20 cents a liter," Kerry, manager of Sydney brothel The Site, told Reuters Wednesday. Link to comment Share on other sites More sharing options...
shipps Posted August 31, 2006 Share Posted August 31, 2006 I put in $5 everytime cause im afraid prices will drop a couple cents the next day. Link to comment Share on other sites More sharing options...
Queen Prawn Posted August 31, 2006 Share Posted August 31, 2006 Filled up last night and it was 2.93 - shocked me as it was 3.05 a few days before. Why are the gas prices dropping so quickly and so much? Link to comment Share on other sites More sharing options...
AssHatSoxFan Posted August 31, 2006 Share Posted August 31, 2006 QUOTE(Queen Prawn @ Aug 31, 2006 -> 07:21 AM) Filled up last night and it was 2.93 - shocked me as it was 3.05 a few days before. Why are the gas prices dropping so quickly and so much? end of summer mainly which means: -end of the summer travel season -end of special summer blends of gas which causes prices to be higher Link to comment Share on other sites More sharing options...
kapkomet Posted September 2, 2006 Share Posted September 2, 2006 Down to $2.45 around here for the Labor Day weekend. It went DOWN 20 cents this week before the holiday... I was shocked. Heard on the news, assuming we don't get any storms this year or there's nothing stupid geopolitically, we could see about $2.20 around Thanksgiving. I never thought I'd see that again. Link to comment Share on other sites More sharing options...
StrangeSox Posted September 2, 2006 Share Posted September 2, 2006 The market just can't maintain $70+/barrel. There isn't much we can do for short-term demand, but we've all seen how the higher gas prices have greatly increased talks about hybrid cars, E-85, alternative power sources, cutting back, etc. etc. Mid-range and long-term demand is a lot more elastic than the short-term for oil. Link to comment Share on other sites More sharing options...
aboz56 Posted September 3, 2006 Share Posted September 3, 2006 2.33 here, wow. Link to comment Share on other sites More sharing options...
Balta1701 Posted September 3, 2006 Share Posted September 3, 2006 QUOTE(StrangeSox @ Sep 2, 2006 -> 02:50 PM) The market just can't maintain $70+/barrel. There isn't much we can do for short-term demand, but we've all seen how the higher gas prices have greatly increased talks about hybrid cars, E-85, alternative power sources, cutting back, etc. etc. Mid-range and long-term demand is a lot more elastic than the short-term for oil. Ethanol currently does almost nothing to cut into our energy demand. Link to comment Share on other sites More sharing options...
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