Oil
- Thread starter GURPS
- Start date
DEEKAYPEE8569
Well-Known Member
This sounds like a lit fuse. I'm wondering when prices will skyrocket with no end in sight and what $$ amount will filter down to the gas pump.
Restitution
New Member
I'm wondering when the price for goods will go down commensurate with the price of gasoline at the pump! The prices have been down for quite a while yet, goods and service remain constant.
Given the stupidity of the American consumer...2-3 years?
The American consumer's massive case of ADD will have them believing that low gas prices will last forever (just like HIGH gas prices were going to last forever)...so they will soon stop buying fuel efficient cars and will start buying Escalades and Hummers.
Thereby driving up demand and turning an oversupply problem into an undersupply problem, resulting in higher prices...at which point the American consumer will blame the problem on everyone but themselves.
This is a very old movie that has been re-run many, many times.
it was expertly explained by Tilted - the price drop reflects Next MONTHS Delivery Contracts .....
I filled up for $ 1.79 @ WAWA at Western Parkway and 228 this morning.
I haven't see gas that low since Bush left office
Many companies have "fuel contracts" that lock in prices it takes any where from 6 months to a year to have it adjusted and hit the market.
What vehicle do you drive, sweetie?
Restitution
New Member
Exactly how long has it been since the price of gas at the pump was almost $4 or even more?
SamSpade
Well-Known Member
You're kidding. Only a moron would assume that he meant in today's dollars.
How about that? I never knew GURPS was a Lord.