$2.39 Gas

[tallyho8]

I bet 100 to 1 OPEC has a meeting before 12-2006 and cuts production to bring prices back up....

Hey, if you still want to make this bet, I'll bet ya a dollar against your $100. Being from Louisiana, the land of oil refineries, I know a few things about the price of fuels.

ONE. They always raise gas prices in late spring when people start driving more on vacations, etc. They always lower gas prices at the end of summer when people stop driving on vacations etc. They always raise diesel prices in fall when they change over some of the refineries from making diesel to making heating oil. They always lower the price of diesel in spring when the refineries switch back to making diesel. This had been going on every year since 1974 when OPEC first started production cuts.

TWO. Gas prices were always 10 cents below the national average here until Katrina wiped out Murphy oil refinery which was where most of our gas came from. Now our gas is usually 10 cents over the national average. When the Murphy oil refinery gets back online our gas prices will come down more.

THREE. Every year we go without more refineries being built in America and with more gas being used each year, our prices will continue to go up.

Even with OPEC and the big oil companies manipulating our prices these are the basic rules they always follow.

 

[MikePA]

ONE. They always raise gas prices in late spring when people start driving more on vacations, etc.

Demand up.

They always lower gas prices at the end of summer when people stop driving on vacations etc.

Demand down.

They always raise diesel prices in fall when they change over some of the refineries from making diesel to making heating oil.

Supply down, demand up.

They always lower the price of diesel in spring when the refineries switch back to making diesel.

Demand down, supply up.

TWO. Gas prices were always 10 cents below the national average here until Katrina wiped out Murphy oil refinery which was where most of our gas came from. Now our gas is usually 10 cents over the national average. When the Murphy oil refinery gets back online our gas prices will come down more.

Supply up.

THREE. Every year we go without more refineries being built in America and with more gas being used each year, our prices will continue to go up.

Demand up.

Even with OPEC and the big oil companies manipulating our prices these are the basic rules they always follow.

How is the rule of supply and demand 'manipulating prices'?

 

[AndyM]

Demand up.
Demand down.
Supply down, demand up.
Demand down, supply up.
Supply up.
Demand up.

How is the rule of supply and demand 'manipulating prices'?

Wax on, wax off... I think demand must have went up after the election!

 

[Farmwithjunk]

Wax on, wax off... I think demand must have went up after the election!

It sure did! Must be all the moving vans headed out of Washington D.C. that'r using all the fuel.

 

[MikePA]

Wax on, wax off...

No, that's 'clap on', 'clap off'.

 

[Dusty]

No, that's 'clap on', 'clap off'.

It is apparent that you didn't see the movie.

 

[MikePA]

It is apparent that you didn't see the movie.

Before my time.

 

[Dusty]

Before my time.

Youngster.

 

[rback33]

Before my time.

The only way THAT is true is if you are still quite a bit younger than me, and I am a youngster around here at 29.

 

[dgl24087]

Gas is still holding at $1.999 for regular unleaded, diesel $2.399-$2.499 for the most part here in my part of VA.