Gas prices

I hear that car lots are over stocked with economy cars now because with the lower prices, people want bigger cars. How stupid can one be to think it will stay low. I saw this in the 70's when gas went up and was "scarce" friends were trading in their guzzlers for small cars and again in a year or two, they were back in large cars again. I just stick with my F 150 through it all. I feel much safer that way.
 
Back in 1969 I remember selling Quakerstate motor oil for .39qt it was our loss leader to get people into the store. The lowest price I gas I ever put in my car was 19.9 cents a gallon on sale in 1967.
 
mrtexas said:
That might be OK if that is what they used the money for. Too much goes to bike paths, city buses, and stupid commuter trains like those in Houston and other liberal bastions.
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Same in the People's Republic of Illinois. Most tax money they keep sucking out of us goes to try to finance the giant pension fund (which today's paper says is $111 billion in the hole) that the legislators created for themselves. The money never makes it to where it's supposed to go to.

Some clown in the E.U. recently stated that the U.S. needs to increase the gasoline tax a dollar a gallon. Like that would 'solve' anything, only would let gov-mint spend more on themselves and the low lifes who won't work:mad:

Cecil/WV had the best response #61!! Can't go wrong with that idea!
 
$2.27 is eastern Pa.I read in the newspaper the Pa. Has the highest gas tax in the USA and not expect lower than $2.00 gas.Even $2.27 is better than $3.40 we paid not to long ago.Phil
 
Here in Nort Joisey the local citgo is $1.77 and the Shell is $1.85.
I bet it'll go back up by the time driving season arrives...
 
Any posters on this thread working in the oil industry in the US ? Reading the responses I would guess not . I for one do not think OPEC has slashed prices so we can have cheaper gas for our old Fords . Did actually see a blurp on the internet where the side effects of this on US oil production were finally being noticed . Not pretty and it is a simple fact of life that they can recover crude much cheaper than we can so their break even point is much lower than ours . Do the math on that = crippling some and bankrupting others in the industry here with low prices .
 
Our friends the Saudis, by holding their cards, expect the that more costly methods of recovering oil in North America will fold-up. Then they can raise the limit with impunity!
 
Couldn't be a ploy to put the whoa to the Keystone Pipeline could it?
Sure give them another dime...then watch the price go back up and the roads not touched. Maybe they could use the money to create a website for consumer input.
Ya ever feel like your just a pawn on the chessboard of life?
 
Here's another angle on the numbers: In Wellington New Zealand a couple of months ago we were paying upwards of $2.20 a litre x 4 (USA gallon) = $8.80 NZ per gallon. Divide this by the exchange rate (0.75) = $11.73 US per gallon. At the moment fuel has dropped to around $1.70 per litre = $6.80 NZ or $9.10 US per gallon. We think it's still Christmas ...
 
Tom Walker said:
Our roads are pretty bad, especially in rural areas. Last year, vehicle fuel duty raised £25 billion. Road tax (annual levied on each vehicle) raised £6 billion. Gov't spent £7.5 billion on road construction and repairs.
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Bet you could lower the prices if you all fired the Royals who "live high on the hog" as we Yanks say.:D
 
chap52 said:
Couldn't be a ploy to put the whoa to the Keystone Pipeline could it?
Sure give them another dime...then watch the price go back up and the roads not touched. Maybe they could use the money to create a website for consumer input.
Ya ever feel like your just a pawn on the chessboard of life?
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Since I have stocks in the Bakkan Oil I get reports on oil news,the Keystone is not going to help us here in the U.S.A. it will be Canadian Oil headed down that pipeline built primarily by Canadian workers and after it is built about 75 total employees to maintain it,the end result is it will be loaded on tankers and exported.:(
 
The Japanese manipulated the TV market years ago. At one time Japanese TVs were selling in the stores for LESS than the U.S. Companies could make them. Eventually the U.S. companies died. Once they were gone they were gone. Then the Japanese raised the prices. Oil is a little different..... the U.S. has more reserves than the Saudis and you can turn "off" the well. To turn it back on (once the price comes back up) is not as simple as just throwing a switch, but it can be done.... Once the TV makers closed up.... the tools, people, skills etc. were gone forever. Enjoy the low prices while you can. Hopefully the grip on the U.S. oil market by OPEC will never be as strong as it once was.
 
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