Thoughts on U.S. Gasoline prices?

Discussion in 'The War Room' started by Jack Handy jr, Jan 16, 2015.

  1. Jack Handy jr

    Jack Handy jr Silver Belt

    Joined:
    Mar 12, 2014
    Messages:
    11,540
    Likes Received:
    5,298
    Location:
    Aggememknob's wife's not so secret garden
    I find it interesting that right when we want to put the "screws" to Putin. Now all of a sudden we have affordable gas. With Russian oil exports under sanctions, shouldn't Gas be more expensive? The CT'ers are right this whole system is controlled by a few people. I'm happy I've got two dollars a gallon. but this shows me all those high a$$ prices we've dealt with over the last decade were artificially inflated.:(
     
    Last edited: Jan 19, 2015
  2. AgentOrange24

    AgentOrange24 Ice Cold

    Joined:
    Feb 16, 2008
    Messages:
    17,025
    Likes Received:
    213
    Location:
    Morehead, Kentucky
    The Saudi's are more than making up for what Russia isn't selling right now.

    They are trying to kill the new born American oil industry, that it also hurts Putin is just a happy coincidence.

    This is the Saudi's telling the world that they still control the oil market, and don't really care how low oil goes per barrel. They can afford it, everyone else can't.
     
  3. Teknik

    Teknik Purple Belt

    Joined:
    Feb 13, 2004
    Messages:
    2,378
    Likes Received:
    10
    Like you said, it just goes to show that someone, some where, makes up a price and that's what we have to pay. seems like bullshit
     
  4. clmetal

    clmetal Iced Earth

    Joined:
    May 21, 2003
    Messages:
    17,771
    Likes Received:
    534
    Location:
    Philthadelphia
    If it was "we" gas prices would have been down by the election times

    Saudi Arabia (already mentioned) has been selling gas at a discount and in a recent inferview, they suggested they were doing it to kill the US fracking industry (hurting Iran and Russia has also been suggested as being their incentive)
     
  5. clmetal

    clmetal Iced Earth

    Joined:
    May 21, 2003
    Messages:
    17,771
    Likes Received:
    534
    Location:
    Philthadelphia
    No, its supply and demand. Blah blah blah

    Lol - I totally agree with u
     
  6. Jack V Savage

    Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog Platinum Member

    Joined:
    Oct 30, 2004
    Messages:
    65,963
    Likes Received:
    32,744
    [​IMG]

    No, we have this thing called a market that sets prices.
     
    Last edited: Jan 16, 2015
  7. Jack Handy jr

    Jack Handy jr Silver Belt

    Joined:
    Mar 12, 2014
    Messages:
    11,540
    Likes Received:
    5,298
    Location:
    Aggememknob's wife's not so secret garden
    I guess that's my questions to the Saudi's really control the oil prices or is it some unseen governance.
     
  8. Jack V Savage

    Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog Platinum Member

    Joined:
    Oct 30, 2004
    Messages:
    65,963
    Likes Received:
    32,744
    The Saudis control about 18% of the world's oil reserves and supply about 13% of oil used. So they're major players, but A) they badly want higher prices and B) they don't have that much power to influence prices (they could try to restrict supply to raise them, but they'd be sacrificing a little present sales and previously when they tried that, they were not particularly successful).
     
  9. irish_thug

    irish_thug Meme Mod Staff Member Senior Moderator

    Joined:
    Aug 11, 2007
    Messages:
    33,882
    Likes Received:
    48,406
    Location:
    In a drunken stupor
    How much is gas stateside now?
     
  10. Lee978

    Lee978 Seeking Alpha

    Joined:
    Dec 12, 2006
    Messages:
    6,983
    Likes Received:
    11
    Location:
    On the cusp of GREATNESS
    Kind of off-topic but is anyone investing in oil right now? I don't think oil prices will stay anywhere near $50/barrell or w/e it is right now so it looks to me like the perfect time to buy right now.
     
  11. Jack V Savage

    Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog Platinum Member

    Joined:
    Oct 30, 2004
    Messages:
    65,963
    Likes Received:
    32,744
    $2.08 is the national average right now.
     
  12. irish_thug

    irish_thug Meme Mod Staff Member Senior Moderator

    Joined:
    Aug 11, 2007
    Messages:
    33,882
    Likes Received:
    48,406
    Location:
    In a drunken stupor
    Wow! That is a substantial drop from the summer.
     
  13. Jack V Savage

    Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog Platinum Member

    Joined:
    Oct 30, 2004
    Messages:
    65,963
    Likes Received:
    32,744
  14. Jack Handy jr

    Jack Handy jr Silver Belt

    Joined:
    Mar 12, 2014
    Messages:
    11,540
    Likes Received:
    5,298
    Location:
    Aggememknob's wife's not so secret garden
    bro I filled up my Tahoe for $80.00 I haven't done that well.....ever. and my gas light was on. now I'm not complaining about affordable gas I just find it strange that with what Putin's doing in Crimea, and what the Obama administration is trying to do as far as negatively affecting the Russian economy so Putin will pull his forces out.an oil embargo or energy sanctions against Russia should make gas go up not down. in my practical unlearned view anyway.
     
  15. irish_thug

    irish_thug Meme Mod Staff Member Senior Moderator

    Joined:
    Aug 11, 2007
    Messages:
    33,882
    Likes Received:
    48,406
    Location:
    In a drunken stupor
    I remember reading pieces like this when oil first got over $100. It's a relief that it's gone down, but god damn we need to reduce our dependence on fossil fuels. Waiting on that $30,000 tesla.
     
  16. Tamriel Terror

    Tamriel Terror Silver Belt

    Joined:
    Aug 21, 2014
    Messages:
    10,857
    Likes Received:
    35,834
    gas here is $1.98...needless to say im not investing in oil that much right now
     
  17. Der Eisbär

    Der Eisbär Banned Banned

    Joined:
    Aug 26, 2014
    Messages:
    14,066
    Likes Received:
    14,793
    Location:
    Cascadia
    1.77$ by my house
     
  18. MeatheadMike

    MeatheadMike Brown Belt

    Joined:
    Oct 11, 2011
    Messages:
    3,938
    Likes Received:
    1,691
    Location:
    GOAT Farm
    Low global demand for oil combined with a large increase in US shale production seems like a reasonable explanation for the low prices... without having to go CT.
     
  19. Roaming East

    Roaming East Ficti pravique tenax

    Joined:
    Aug 10, 2011
    Messages:
    2,543
    Likes Received:
    2,429
    After 8 years of Bush Foreign diplomacy where subtlety meant bombing the shit out of everything its amusing to see how people react to proper foreign relations

    Putin being a dick? Dont put a cowboy hat on and act like a bellicose drunk. Smile nod, sanction his ass and back channel his economy into the ground until he squeals, all while your opponents call you a weak nobody
     
  20. Bay Area

    Bay Area Silver Belt

    Joined:
    Aug 27, 2011
    Messages:
    11,775
    Likes Received:
    2,057
    Location:
    Concrete Jungle
    2.13 is the lowest I've seen in Miami. It costs me 20 bucks to fill up my tank. Previously, it was about 38 bucks. I'm using the money I'm saving on some Jordans, and a gold rope chain with my initials.
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.