Gas could fall to $2 a Gallon in 30 days
- Thread starter clevalley
- Start date
Bay_Kat
Tropical
That's funny, I didn't think of that. Yea, it would suck.
T
toppick08
Guest
In the "words" of a German exchange student we had in High School....
Blulllschlit......on 2 bucks a gallon.
Blulllschlit......on 2 bucks a gallon.
Chasey_Lane
Salt Life
What's up w/that anyway? I figured it to be included w/in the price of the vehicle. Am I wrong?
GWguy
*
It'll happen when hell freezes over and the little demons go ice skating.
Too Late...
Attachments
Caddyman
snazzy title here
Official Chrysler site - Refuel America - $2.99 Gas Guarantee
Here's all the info you need on the Chrysler refuel america program, which IMO is a genius marketing program....
Here's all the info you need on the Chrysler refuel america program, which IMO is a genius marketing program....
C
CalvertNewbie
Guest
If anyone wants to buy a gas guzzler (aka SUV), now's the time. I can't believe how much the prices have dropped because the demand is so much lower. You can buy a gently used (2007 or even 2008) SUV for cheap, compared to the prices 6 months ago. Trust me, I was thinking of getting rid of my Jeep Commander until I found out what I could get for it now. The value dropped 3,000 in the past few months. 
Chasey_Lane
Salt Life
I've been vehicle searching the last two weekends. I'm having a difficult time getting dealers to come down on price for anything. All I want to do is switch an SUV for another.
CableChick
Loved
itsbob
I bowl overhand
it's only marketing genius if people actually buy the product. I haven't heard of any run on the Chrysler lots.
Caddyman
snazzy title here
I agree, what do you mean "i haven't heard of any run"?
I'm just saying, it's costing them next to nothing even if gas hits $5 (God forbid) and I think it's a pretty good incentive.
B
Bruzilla
Guest
I agree that the time to do it is now, and we'll at least see some benefit in a few months. And I don't want to hear Congress saying we need to investigate first. That was already done in 2006 when the US Senate Permanent Subcommittee on Investigations reported on “The Role of Market Speculation in rising oil and gas prices,” that “…there is substantial evidence supporting the conclusion that the large amount of speculation in the current market has significantly increased prices.” Few paid any attention to that report back then, but it does exist.
The biggest problem for us is that since a change in the rules back in 2006, US oil futures can be traded on foreign markets (mostly London's), as Intercontinental Exchange (ICE) transactions, and none of these is regulated by the US government. I heard on one of the financial shows this weekend that oil futures trading on the London markets went from about $13 million dollars in 1995 to over $231 million today. There's a good write-up about ICE here ‘Perhaps 60% of today’s oil price is pure speculation’
B
Bruzilla
Guest
This guy is just another defender of the cause. I agree that putting windfall taxes in oil companies will do nothing, but he's either blindly ignorant or willfully ignorant as to speculation on foreign markets. Since 1996, most US oil futures are now sold on the London market where they are exempt from any US oversight or regulation.
Larry Gude
Strung Out
The biggest...
...the BILLIONS in futures value that will be wiped out if we tax and regulate speculation out of oil. The largest holder of oil in all of New England is, if memory serves, Lehman Brothers. Imagine the political power behind that? How many congresspeople own oil? How many of their more powerful constituents? Whose gonna lift a finger to wipe out that much asset in a fragile economy?
At 20 million barrels a day at $130, that's something like $80 billion a month in contracts coming to market. Nearly a trillion dollars in a year, give or take. That's 1/12 of GDP, or roughly, 8%. Knock 1/3 to half of that out and that instantly puts us in a technical recession as it would wipe out growth for the year.
Of course, the counter argument is that you and I will put it back in anyway buying food, cars, paying out mortgage.
...the BILLIONS in futures value that will be wiped out if we tax and regulate speculation out of oil. The largest holder of oil in all of New England is, if memory serves, Lehman Brothers. Imagine the political power behind that? How many congresspeople own oil? How many of their more powerful constituents? Whose gonna lift a finger to wipe out that much asset in a fragile economy?
At 20 million barrels a day at $130, that's something like $80 billion a month in contracts coming to market. Nearly a trillion dollars in a year, give or take. That's 1/12 of GDP, or roughly, 8%. Knock 1/3 to half of that out and that instantly puts us in a technical recession as it would wipe out growth for the year.
Of course, the counter argument is that you and I will put it back in anyway buying food, cars, paying out mortgage.
bcp
In My Opinion
Just got to the campground after pulling that run.
you do seem to be correct.
from Yellowstone to Cody it was a gentle rise at 7%, some hill, some flat some down.
from Cody to Graybull? it was basically flat with the occassional 4%.
From Graybull to Sheridon? JFC!!!!!! The first hill was (no bs here) 14+ miles of 7% ~12% with no flat, and no down. Medicine Wheel was closed due to snow on the road!
then, the down hill was a steady 8% for 11 miles of steady winding around the mountain hairpin turns type of drive.
That uphill was the first time I have ever heard the axillary fans kick on for the engine.
that being said, it had to be one of the most beautiful runs Ive made in some time.
oh, and my final average on MPGs for the run today? 11.6. Not too bad considering I did it with 11800lbs stuck to the back of the truck.
chernmax
NOT Politically Correct!!
I've got a bridge in Brooklyn I can sell you.
Do you mind if I speculate what price it should be sold for???
Larry Gude
Strung Out
B
Bruzilla
Guest
All that will happen is these folks will pull their money out of oil and move it somewhere else. As long as they move it somewhere that they can't ruin the economy they can make all the money they want.