Gas Prices!
- Thread starter theGibber1
- Start date
Quote:
"Over the next few weeks, EIA expects retail gasoline prices to continue to rise as recent increases in spot prices get passed through to the pump."
Now... why do you think spot prices are increasing? Do you think its just normal supply and demand... or do you think its because hedge fund managers are locking in their profits from the future market, you know, creating a *hedge*.
A barrel of oil contains as much as $10-15 in speculative price from hedge funds. Why? Because the going on 5 years of ultra low interest rates has forced them to stick their idle cash in places that are highly liquid (like the oil/gas futures market). Use the spot price to hedge a profit. Hedgies will take long positions aimed at continued gains and use the spot market to hedge their return.
But, yea, I forgot, since last year, myself and everyone is the country has doubled the number of miles they are driving and everyone lowered their thermostats to 65 in the summer.
"Over the next few weeks, EIA expects retail gasoline prices to continue to rise as recent increases in spot prices get passed through to the pump."
Now... why do you think spot prices are increasing? Do you think its just normal supply and demand... or do you think its because hedge fund managers are locking in their profits from the future market, you know, creating a *hedge*.
A barrel of oil contains as much as $10-15 in speculative price from hedge funds. Why? Because the going on 5 years of ultra low interest rates has forced them to stick their idle cash in places that are highly liquid (like the oil/gas futures market). Use the spot price to hedge a profit. Hedgies will take long positions aimed at continued gains and use the spot market to hedge their return.
But, yea, I forgot, since last year, myself and everyone is the country has doubled the number of miles they are driving and everyone lowered their thermostats to 65 in the summer.
Gib,
Played at the Cherokee, July, gas reasonable. TX to KC, (Aug) way up 2.19, way back 2.65. Station down the road from me in Waco selling gas at 2.279/gal, lined up and wrecks all day long. Fist fight the other night made the news when the pumps ran out......someone filled up an extra gas can...
Played at the Cherokee, July, gas reasonable. TX to KC, (Aug) way up 2.19, way back 2.65. Station down the road from me in Waco selling gas at 2.279/gal, lined up and wrecks all day long. Fist fight the other night made the news when the pumps ran out......someone filled up an extra gas can...
It's called bend over gang and drop your pants. Lets see what was it just before election last year. Around 1.89. You got to wonder.
CryBoy said:
If you are in Arlington just head north a bit..
i found gas in Euless for 2.42 yesterday
The fun will really start when Bush blockades the Iranian ports so no ships can leave the harbors. Roosevelt did it in 1940 and caused the US entry into WW11. Only, this time China & Russia will have somethin to say about it.
$2.52-2.79 in San Diego Co.
$2.52-2.79 in San Diego Co.
- Feb 12, 2000
- 10,652
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It's well documented that I don't drive much, but I did notice a few weeks ago that gas prices had quietly crept back up into extremely high territory. I was wondering when this would come back up here.
My next car will be at least partially not dependent on gas.
My next car will be at least partially not dependent on gas.
Agent 0659 said:
Ciome North my friend. 2.34 in Pendleton
I almost always buy my gas at Sam's club for about 10-20 cents cheaper than most places
:mj07: :mj07: :mj07:
http://autos.msn.com/everyday/gasstations.aspx?zip=&src=Netx [/URL]
zipcode for the area you are in.....
zipcode for the area you are in.....
What u guys bitching about, don't u know the poor ole oil companies need ur money, they are trying to break last qtr record profits of $10 Billion for 3 months, if it goes down from that, the stockholders will be chitty!!
