Lower gas prices

[stuffradio]

As I've noticed this past week, the gas prices are finally coming back down! Now I also noticed the CAD is going down a little bit too (it's a good thing because some industries rely on it, and I get more money!).

Some people are thinking the Gas prices will go down below $1.00/L again! It's at $3.24/Gallon in some areas in the US right now.

What are your thoughts about this and the economy in general?

[Inviative]

Drop drop I save money! lol

[Volt.Networks]

I'm hoping gas prices drop back to something close to what they used to be.

On another note, the economy looks like it's in trouble right now. Hope things pick back up soon. WaMu was bought out by Chase and Wachovia was bought out by Citigroup. Two banks gone belly up in a short amount of time =/

[Richard]

Gas prices will never be what they used to be for long.

The reason for the gas price drop, is due to the price of crude oil dropping from $150 to $100, but the price of crude oil is starting to go up again, and therefore, soon, the gas prices will go up again.

[notnamed]

I saw $3.19/gal in Indiana on my way back to school this weekend, although it's pretty steady at $3.49/gal through pretty much all of Kentucky down I-65, which disappointed me - it's usually cheaper here. Still, $3.49/gal is nothing to complain about. Thanks for the explanation Richard, I was very curious what caused the sudden price drop.

[themoose]

Slightly lower, I think it hasn't seen it's lowest yet but whatever it will be won't last long.

[DavidsAwesome]

It'll go back up, don't worry.

"Drill baby Drill"... We'll just sit here and wait for the gas to keep going up for 10 years while you drill and try to make things better. By then we'll probably have an alright alternative to your primitive oil, but I guess if I think correctly.... We won't actually, because under any administration that would start drilling with the kind of mindset that McCain and Palin have, there wouldn't be much effort put into finding alternative energy, let alone executing it. :( We'll just all look back on a day when we had alternatives, when we had someone who wanted to use them... but people just didn't seem to care enough about actually solving a problem, they just wanted to make it better for a while.

That was my daily rant. Thanks for reading, I'll be here all week.

[Tracker]

I saw $3.19/gal in Indiana on my way back to school this weekend, although it's pretty steady at $3.49/gal through pretty much all of Kentucky down I-65, which disappointed me - it's usually cheaper here. Still, $3.49/gal is nothing to complain about. Thanks for the explanation Richard, I was very curious what caused the sudden price drop.

Just goto Swifty and make sure you take cash and its only $3.44 here in Bowling Green ;)

Up in ohio they had gas for $3.20 a couple days ago.

[Richard]

Thanks for the explanation Richard, I was very curious what caused the sudden price drop.

Anytime ;)

[tlchosting]

In the UK its expensive, I have a 1 bed room flat.

1 PC, 2 Laptops, 1 Server plus normal stuff you need to live. And to run all of this costs me £120 a month.

[Darknight]

Only going down due to lack of demand soz, only a lack of demand coz people cant afford to drive.
Not a very good thing really when you look beyond the price.
As for the economy,
Overall Australia wont come out to bad from any of the ---- going on in the US so in result, dont really care. US brought it all on them selves for being such a greedy country for so long.
Not saying Australia wont feel anything, but it will be very minimal compared to country like US or UK.

[notnamed]

Just goto Swifty and make sure you take cash and its only $3.44 here in Bowling Green ;)

Up in ohio they had gas for $3.20 a couple days ago.

Gas in town was 9-12 cents more expensive in town than on the interstate. But I go to Speedway, 3 cents off per gallon with my Speedy Rewards card! :D

[Richard]

Only going down due to lack of demand soz, only a lack of demand coz people cant afford to drive.
Not a very good thing really when you look beyond the price.
As for the economy,
Overall Australia wont come out to bad from any of the ---- going on in the US so in result, dont really care. US brought it all on them selves for being such a greedy country for so long.
Not saying Australia wont feel anything, but it will be very minimal compared to country like US or UK.

No... Actually, it was due to the price of Crude Oil doing down that made gas go down.

[Dynash]

because the demand of crude oil dropped.

[Richard]

because the demand of crude oil dropped.

It was actually to do with the strength of the US Dollar. Demand for crude oil is greater than anything in these times ;)

[Dynash]

Not that much. It's becoming harder and most costly for the buyers to get it, then the production costs on top of that. The UK isn't that needy of fuel compared to America since we have better MPG cars. Wait until Honda (Most likely) create the first filling stations for liquid hydrogen - after perfecting the best way to store it of course - that'll be worth way way more.

[DavidsAwesome]

I think a car company would be the last to create filling stations.

If anything, ConocoPhillips or BP would start getting smarter, and offering alternative ways to fill up.

[iBrightDev]

deja vu

[Darknight]

It was actually to do with the strength of the US Dollar. Demand for crude oil is greater than anything in these times ;)

Nope soz.
Fear of less demand has been sending it down over the last 3 months
US Dollar might have made it fall a tad lately but overall has ---- all to do with it.

[stuffradio]

Speculation is what drove Crude Oil up last time... I don't see a massive rise in gas prices again at least until the Summer time, or major storms that destroy oil rigs, etc.

[Dynash]

I hate Firefox! I just typed backspace and it went back a page, so I lost what I typed.
Gah.

Honda and Mercedes need to get the ball going on their own really, and they have been since 2001, since the first production prototype of the Mercedes H1 hydrogen and petrol combo car. I'm sure they said someone like Shell was helping, but it's mostly down to themselves (And they can do it, c'mon, it's Honda and Mercedes!), they said it'll take at least 20 years before all cars are replaced by default in the industry with the H1 cars.

If you manage to create the safest, cost effective, simplest way to store liquid hydrogen, you'd be a billionaire no doubt.

[Schmarvin]

Near me its down to $3.04 per gallon. :D

[Ben]

That crazy Puerto Rican guy that lives across the hall from my friend told me gas would be $1.00/gallon by the end of the summer.

Good thing I didn't believe him.

[stuffradio]

Haha Ben,

Gas went down to $1.09/L today!

[Darknight]

lol @ google it, some idiots believe everything they read.
For -rep pussy, rest ignore. thx

[themoose]

Haha Ben,

Gas went down to $1.09/L today!

I wish :( £1.09 here

[Ben]

Haha Ben,

Gas went down to $1.09/L today!

$4.12-ish/gallon, thats what we were paying in Atlanta 6 months ago :eek2:

[tumble]

Supply and demand is driving the market.

And USA is the largest player.

What is happining now is the USA economy is sluggish. Goods are not being made as fast as they once were (no ones buying). the housing problem has folks worried and they are spending less money. The stock markets are hurting as well as alot of major banking institutions. folks are just not spending money.

What you will see in the future (2 years at most) will be very high crude spikes and prices (as the economy starts picking up). The prices will then fall back but not to the prices you see today. Every spike in price will increase the base cost when the spikes drop.

A couple years from now. One can look back and see that USA Economic decline allowed oil to flow to other avenues at a faster rate.

USA consumes 24% of the world oil, amounting to over 20 mbpd. Also the US has imports of 13 mbpd of the world’s oil exports, or 15% of total world oil production.

TW